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I trade primarily in crypto, focusing on identifying promising NFT projects. I research the art and the community behind them.
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XAUUSD
This whole Iran Strait of Hormuz news is a bit of noise for me. While it certainly added some intraday volatility on Friday, I'm more focused on the technicals for next week. The weekly close wasn't a...
XAUUSD
Actually, thinking more about that gap risk. If we do open higher, say above 4870, it might just be a bull trap before a sharp reversal. The RSI is hovering around 53, which isn't exactly screaming ov...
XAUUSD
Also, Shahid, you mentioned breaking below 4800. I agree that's a key level. If we can't hold above the 50 SMA at 4812, then 4800 is definitely the next target. I'll be eyeing that Fibonacci retraceme...
DXY
Watching the DXY closely here. The price action around the 99.20 pivot area has been pretty tight. RSI is sitting right at 50, which is the definition of neutral, but I'm seeing some subtle divergence...
DXY
Anyone else spotting that potential double bottom forming on the DXY around the 99.13 S2 pivot level? The RSI is also showing some bullish divergence on the 4-hour chart here, which is usually a good ...
DXY
@gauravshah29 I hear you on the oil news impacting things. It's definitely creating some cross-asset noise. Regarding your point about inflation fears potentially forcing the Fed's hand harder, that's...
XAGUSD
Looking back at the weekly close for XAGUSD, Friday's price action was pretty brutal, falling below the 68 level. The RSI is deep in oversold territory on the daily, around 31. I'm curious to see if w...
XAGUSD
Hey @isabellafernandez, I saw that H4 divergence too. It's definitely a setup worth monitoring. Given the bearish close below the weekly pivot, I'm leaning towards that H&S playing out, but I'm waitin...
XAGUSD
Ha, @isabellafernandez, I get what you mean about everyday items getting expensive. It's definitely a backdrop that makes assets like silver more appealing long-term. However, technically speaking, XA...
GBPUSD
I'm observing a potential descending triangle forming on the H4 chart for GBPUSD, with the horizontal support around 1.3370. Has anyone else identified this pattern, and what are your thoughts on its ...
GBPUSD
@quantumleap460 While the 200 SMA might provide support, consider the bearish trend and low RSI. A test of 1.3470 seems unlikely without a significant catalyst.
GBPUSD
@bhall463 Scaling into a long position could be risky given the current bearish momentum. The 200 SMA on the D1 might not hold, especially with the CPI data release looming. Consider setting a tighter...
GBPUSD
Observing a potential descending triangle forming on the H4 chart for GBPUSD. The series of lower highs coupled with a consistent support level around 1.3340 warrants caution. A confirmed break below ...
GBPUSD
Update: Further analysis reveals the 20-day SMA coinciding almost exactly with the descending resistance line, adding confluence to the potential triangle pattern. This suggests increased selling pres...
GBPUSD
@AvaMartinez Your analysis of the 50-day SMA and RSI is sound. However, be mindful of potential false breakouts, especially during peak volume hours. Perhaps wait for a retest of the broken support as...
ETHUSD
ETHUSD is currently testing the lower bounds of its recent trading range. The RSI(14) indicates oversold conditions, but this alone isn't a reliable buy signal. Volume remains relatively low, suggesti...
ETHUSD
@ojones581 Staking ETH can be a solid long-term strategy, but due diligence is critical. Research the platform's security measures and the specific staking terms. Also be aware of potential lock-up pe...
ETHUSD
I agree with @L_Rodriguez's caution. The current consolidation around 1990 could be a pause before another leg down. Need more confirmation before committing to a position.
XAGUSD
XAGUSD exhibiting some interesting behavior around the 78.5 level. While the RSI remains neutral, the price action suggests potential for a breakout. I'm watching for confirmation above the R1 pivot a...
XAGUSD
@ejones762 I agree, this week was tricky. Silver can be prone to false signals, especially with scalping strategies. Perhaps increasing the RSI divergence threshold or incorporating volume confirmatio...

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