Category: Resistance
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USDCHF technicals are pretty easy as it trades between MA support and resistance.
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On Wednesday, the USD/CHF pair returned above its 100-hour moving average, and although the price corrected lower in yesterday’s Asian session and early European session, the bearish momentum found willing buyers near this moving average level. The subsequent rally on the back of yesterday’s rally in US stocks (and the…
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Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000
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On-chain data shows that short-term Bitcoin whales have a cost base of over $64,000, which could be a potential resistance point for Bitcoin. Bitcoin Not Far From Price Target for Short-Term Coin Holders After Rally As one analyst at CryptoQuant Quicktake pointed out, mailThe price of Bitcoin has fallen below…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
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The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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NZDUSD moves higher and moves closet to resistance targets. Could see some profit taking.
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The New Zealand dollar rose against the US dollar during today’s trading, supported by improving employment expectations and risks to flows after the Bank of Japan said it does not need to tighten monetary policy if markets are unstable. The move to the upside has lifted the price above the…
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BNB Eyes $605 After Breaking Key Resistance
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BNP Bitcoin price has shown significant bullish momentum, with a positive candlestick crossing the 100-day simple moving average (SMA) on the 4-hour timeframe. The previous market scenario reveals that the cryptocurrency faced multiple rejections at the $572 level. This ongoing resistance has paved the way for bulls to take over…
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Ethereum Price Battles Resistance: Can ETH Regain Momentum?
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Ethereum price corrected its gains and traded below the $3,300 level. Ethereum is consolidating and facing hurdles near the $3,300 resistance area. Ethereum started a downward correction from the $3,400 resistance level. The price is trading below the $3,330 level and the 100-hour simple moving average. There was a break…
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USDCAD Technical Analysis – We are at a key resistance level
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
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USDCHF respecting support and resistance in trading to start the new trading week.
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The USD/CHF pair is trading up and down in a limited range. The price is moving above and below the swing low at 0.88808 and the 200-day moving average at 0.8883. The 38.2% of the move up from the December 2023 low is also within the swing zone at 0.8883.…
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Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst
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Injective (INJ) has recently seen tremendous growth, pushing it to unprecedented heights and attracting the attention of experts and Bitcoin enthusiasts. Over the past week, the digital asset has seen tremendous growth. It jumped by about 32%, And only 1% on the last day. INJ stock is up on the…
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Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst
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Injective (INJ) has recently seen tremendous growth, pushing it to unprecedented heights and attracting the attention of experts and Bitcoin enthusiasts. Over the past week, the digital asset has seen tremendous growth. It jumped by about 32%, And only 1% on the last day. INJ stock is up on the…
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GBPUSD Technical Analysis – We are approaching a key resistance
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Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…
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Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance
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My name is Godspor Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who were always my role models and teachers, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported me…
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Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance
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My name is Godspor Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who were always my role models and teachers, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported me…
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Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?
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Bitcoin price has recovered above the $62,000 resistance area. BTC must clear the $62,500 resistance area to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below the $63,000 level and the 100 hourly simple moving average. There…
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Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
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Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
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Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
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Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
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Crude Oil Technical Analysis – We are back at the key 80 resistance
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Basic overview Crude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month’s range. It is possible that the decline was purely technical, as downward momentum increased after the breakout.…
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FX Watch: EUR/JPY Resistance Levels Ahead of ECB’s Decision
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The rise of EUR/JPY from the support area has me looking at potential resistance levels ahead of the European Central Bank (ECB) policy decision! Earlier this week, the Japanese yen got a boost from talks that the Bank of Japan may discuss slowing its bond purchases as early as next…