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MARKET ANALYSIS

A Triangle has formed, and ETHUSD is approaching resistance. Should we expect a breakout and the start of a new trend, or a reversal?

ETHUSD is trapped in a Triangle formation, implying that a breakout is imminent. This is a strong trade setup for both trend and swing traders. It is now approaching a resistance line that has been tested before. Divergence watchers may be optimistic about a potential breakout, which could mark the start of a new trend. This confluence could also create an ideal setup for swing traders looking for a potential bounce. Whatever happens, an initial move toward 3023.9529 is expected in the short term.

LTCUSD is currently testing the 82.9000 level. Will the breakout continue, or will it reverse?

LTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 5 days. This suggests a possible target around 78.7240 within the next 2 days.

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After numerous attempts, BTCUSD finally breaks through 92105.6484!

BTCUSD has broken through a support line. Since it has previously retraced from this price, wait for confirmation of the breakout before trading. It has touched this line several times over the past 2 days. This suggests a possible target around 91051.9922 within the next 7 hours.

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Significant movement is possible in FTSE100 after a breach of 9720.0000.

A strong resistance level has been breached at 9720.0000 on the 15 Minutes FTSE100 chart. Technical analysis forecasts a move to 9744.9805 within the next 6 hours.

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Because NGC/USD has formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through the resistance, it may move much higher.

A Rising Wedge pattern was identified for NGC/USD at 5.0025, suggesting it may move toward the resistance line at 5.0378. It may break through that line and continue the bullish trend, or reverse from it.

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An important resistance line is being approached by NAS100. This price has been tested numerous times in the last 2 days

The movement of NAS100 toward the resistance line of a Rising Wedge is yet another test of the line it has reached numerous times in the past. This test of the line could occur within the next 6 hours, but it is uncertain whether it will result in a breakout through this line or simply […]

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An important price level has been breached by ETHUSD. This level has been tested numerous times before.

ETHUSD has broken through a level at 3075.0200, suggesting a possible move to 3253.4170 within the next 3 days. It has tested this level numerous times in the past, so you should wait for confirmation of this breakout before taking any action. If the breakout does not confirm, we could see a retracement back to […]

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An important resistance line is being approached by USDJPY. This price has been tested numerous times in the last 8 days

USDJPY is heading toward the resistance line of a Triangle pattern and could reach it within the next 2 days. It has tested this line numerous times before, and this time may be no different, ending in a rebound instead of a breakout. If a breakout doesn’t occur, we could see a retracement back to […]

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