Category: Reversal
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Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target
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Litecoin (LTC) is making a strong comeback with a bullish reversal, paving the way for a potential move towards the $76.85 target. After bouncing off a critical support level, Litecoin has regained its bullish momentum, indicating renewed optimism among market traders. Key technical indicators are now pointing to further gains,…
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Litecoin Comeback: Bullish Reversal Sets The Stage For $76.85 Target
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Litecoin (LTC) is making a strong comeback with a bullish reversal, paving the way for a potential move towards the $76.85 target. After bouncing off a critical support level, Litecoin has regained its bullish momentum, indicating renewed optimism among market traders. Key technical indicators are now pointing to further gains,…
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TA of the Day: GBP/USD Bullish Signs Emerge! Is a Trend Reversal Underway?
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the US Dollar The Australian dollar fell against major currencies today as signs of easing inflation emerged, further supporting the possibility of a Federal Reserve interest rate cut in September. The U.S. consumer price index, a key measure of inflation, rose 2.9% annually, just 0.1% below June’s rate. This was…
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Chart Art: Is Gold (XAU/USD) Gearing up for a Reversal Soon?
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Are gold bulls having a hard time keeping the precious metal up these days? This is a classic reversal pattern that I watch on the 4-hour time frame. Gold (XAU/USD) 4 hours Chart by TradingView Gold made several failed attempts to break its July highs around the $2,475 area, only…
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Chart Art: EUR/GBP Reversal Pattern Forming?
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I see a classic chart pattern forming on the 4-hour chart of the EUR/GBP pair! Will we see a trend reversal soon? Check out the near term resistance I’m watching: EUR/GBP currency pair on 4-hour chart Chart by TradingView The Bank of England’s decision to cut interest rates has sent…
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Expert explains why Ethereum price suffered a harsh reversal
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Ethereum price has fallen for two consecutive days, erasing most of the gains of the past three weeks. Ethereum (ETH) price fell to $3,145 on Thursday, its lowest level since July 13 and 11% below its high point this week. Ethereum Price Chart | Source: TradingView Why is the price…
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Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
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The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
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Chart Art: GBP/CHF’s Potential Head And Shoulders Reversal
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GBP/CHF is forming a potential bearish reversal pattern ahead of the UK PMI this week! Is the pair heading towards its June lows? Or will it find support from a previous area of interest? We are checking out the 4 hour chart today! GBP/CHF currency pair on 4-hour chart Chart…
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Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible?
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Jimmy CoatesReal Vision’s chief crypto analyst has highlighted an indicator that paints a bullish picture for Bitcoin (BTC). Based on this indicator, Cryptographer He noted that a reversal may already be on the horizon for the leading cryptocurrency. Bitcoin hash rate slows down Coates is mentioned in the X (formerly…
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Bullish Bitcoin Indicator Which Led To A Reversal Has Returned, Is $70,000 Possible?
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Jimmy CoatesReal Vision’s chief crypto analyst has highlighted an indicator that paints a bullish picture for Bitcoin (BTC). Based on this indicator, Cryptographer He noted that a reversal may already be on the horizon for the leading cryptocurrency. Bitcoin hash rate slows down Coates is mentioned in the X (formerly…
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LayerZero price suffers a harsh reversal as traders bet on a rebound
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LayerZero price suffered a sharp reversal on Friday, erasing all the gains made on Thursday after the airdrop. LayerZero fell to $3, down from this week’s high of $4.57. As it declined, the coin’s market cap fell below $1 billion at $745 million. LayerZero price chart LayerZero price we expected,…
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Chart Art: Is WTI Crude Oil (USOIL) in for a Long-Term Reversal?
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I see a chart formation indicating a reversal in the downtrend for WTI. How far can he go from here? West Texas Intermediate (USOIL) 4 hours Chart by TradingView This energy commodity has been on a sell-off since mid-April, with the market’s lack of focus on geopolitical tensions likely causing…
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Chart Art: AUD/USD Reversal Chart Pattern Forming
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Is this a head and shoulders pattern on the 4-hour chart of the AUD/USD pair? Better be prepared in case the pair breaks below this neckline! How far do you think this Australian pair could fall? AUD/USD Forex 4 Hours Chart by TradingView The Australian dollar appears to be struggling…
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Chart Art: Is Gold (XAU/USD) Due for a Reversal Soon?
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Has the precious metal reached the turning point at the end of its uptrend? I see signs of the rally being exhausted, but we are yet to see further confirmation from technical indicators. Check out this reversal formation I see on the 4-hour gold time frame! Gold (XAU/USD) 4-Hour Frame…
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Senate approves reversal of SEC crypto custody bulletin
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The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Senate approves reversal of SEC crypto custody bulletin
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The US Senate has passed a measure to repeal the Securities and Exchange Commission’s (SEC) circular on cryptocurrency custody standards, and now awaits an expected veto from President Joe Biden. Senate vote Voting ended on Thursday with a majority of 60 votes to 38, which is less than the two-thirds…
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Reversal fears drive uptake of Pochi La Biashara service
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Fears of a reversal by small businesses such as matatu and boda boda operators have led to increased adoption of Safaricom’s Pochi La Biashara system, with the number of farmers doubling to 632,681 by the end of March this year. In the same period last year, there were 292,634 Pochi…