FenzoFx Posted July 9 Author Posted July 9 Gold Eyes Recovery From $3,269 Support Zone FenzoFx—Gold dropped 0.65% to trade around $3,290.0, resuming its bearish bias. Immediate support rests at $3,269.1, backed by anchored VWAP. The bullish view holds above this level, aiming for $3,348.9. A close below $3,259.1 would expose the $3,150.8 support.
FenzoFx Posted July 9 Author Posted July 9 Ethereum Bullish Bias Pauses After Reaching Weekly High FenzoFx—Ethereum rose from $2,539.5, backed by VWAP and volume profile, but momentum eased after hitting the $2,651.0 weekly high. Stochastic signals overbought conditions at 87.0, hinting at possible consolidation or downside pressure. Bullish scenario: The bullish trend remains intact above $2,500, with upside potential toward the bearish FVG at $2,741.0. Bearish scenario: A close below $2,500 would shift focus to the $2,383 support zone.
FenzoFx Posted July 9 Author Posted July 9 XRP Pushes Toward Breakout as Momentum Builds FenzoFx—XRP is bullish, attempting a breakout above the $2.34 resistance. Stochastic at 70.0 and RSI at 63.0 signal strong momentum with room for further upside. A close above $2.34 could push XRP/USD toward the next target at $2.48. However, the bullish bias remains valid only above the $2.16 support—dropping below this level could reverse the trend.
FenzoFx Posted July 9 Author Posted July 9 AMZN (Amazon) Builds Bullish Setup FenzoFx—Amazon (#AMZN) is pulling back from the $217.9 support, a key demand level backed by VWAP and high-volume activity. If this area holds, the uptrend is likely to resume with a potential move toward the $225.1 resistance. Stability above $217.9 remains crucial for bullish momentum to build.
FenzoFx Posted July 10 Author Posted July 10 Litecoin Faces Resistance at $92.32 Amid Overbought Signals FenzoFx—Litecoin is overbought as price nears resistance at $92.32. Stochastic reads 91.0, suggesting an overbought market. If LTC stays below $92.32, a bearish wave may emerge, targeting $88.47 support. However, a close above $92.32 could trigger a bullish move toward the $100.0 mark, reinforcing the upward trend.
FenzoFx Posted July 10 Author Posted July 10 Ethereum Approaches $2,908 as Bullish Momentum Fades FenzoFx—Ethereum remains bullish, trading near $2,796 and approaching monthly resistance at $2,908. Stochastic shows an overbought reading of 81.0, suggesting short-term buying exhaustion. Bearish Scenario: A pullback toward $2,651 is likely if $2,908 holds. Extended selling pressure could lead to a test of the anchored VWAP near $2,500. Bullish scenario: A confirmed breakout above $2,908 would likely extend the rally toward $3,260.
FenzoFx Posted July 10 Author Posted July 10 AMD Analysis FenzoFx—#AMD broke above $139.8, making the primary trend bullish. A pullback to this level can provide a discount to join the bull market, with a target at $147.8.
FenzoFx Posted July 10 Author Posted July 10 Tesla Analysis #TSLA broke the descending trendline. The next target is bullish at $314.0 followed by $322.6.
FenzoFx Posted July 11 Author Posted July 11 Bitcoin Cash Tests $528.3 as Double Top Forms FenzoFx—Bitcoin Cash faces resistance at $528.3, forming a double top and trading slightly below this level. Stochastic readings above 80.0 signal an overbought market, increasing the risk of a correction. If BCH fails to break above $528.3, a pullback to $514.1 and $500.0 is likely, offering potential bullish re-entry zones. Alternatively, a confirmed breakout above $528.3 could pave the way toward the next supply area at $560.0.
FenzoFx Posted July 12 Author Posted July 12 Ethereum Stalls at $3,101.0 FenzoFx—Ethereum broke past $2,880.0 but stalled near a bearish fair value gap. The daily chart shows a longwick bearish candlestick, signaling increased selling pressure. With Stochastic at 90.0, ETH is short-term overbought. Resistance is at $3,101.0—if it holds, ETH may retreat to $2,880.0 or $2,638.0. A close above $3,101.0 would invalidate the bearish outlook and pave the way toward $3,330.0.
FenzoFx Posted July 14 Author Posted July 14 Euro Tests $1.170 Support in Bearish Channel FenzoFx—Euro trades in the bearish channel, testing the $1.170 support. A close below this level can trigger a new bearish trend toward the next demand zone at approximately $1.156.
FenzoFx Posted July 15 Author Posted July 15 Bitcoin: Support at $112K Holds Key to Bullish Continuation FenzoFx—Bitcoin is bullish, trading above $112,000.0 after forming a new all-time high at $123,231.0. The current dip may offer a strong reentry if $112,000.0 holds as support, aligning with a bullish fair value gap. Price remains above the ascending trendline, reinforcing the bullish outlook. If momentum continues and BTC breaks past $123,231.0, the next target could be $130,000.0. A fall below the trendline would invalidate the bullish setup.
FenzoFx Posted July 15 Author Posted July 15 BCH Eyes $600.0 on Bullish Continuation Setup FenzoFx—Bitcoin Cash remains bullish, consolidating above the ascending trendline after reaching $539.5. The price is pulling back toward the $469.1 support, which could trigger a new bullish wave if it holds. In that case, BCH may target the bearish fair value gap near $600.0. However, if BCH/USD closes below $469.1, the current momentum dip could extend toward $437.0.
FenzoFx Posted July 15 Author Posted July 15 Litecoin: Volume-Heavy Resistance Caps Recovery FenzoFx—Litecoin fell 2.50% today, forming a double bottom at $90.80. If bears stabilize the price below this level, the decline could extend toward $85.20 support. Resistance at $97.90 aligns with a high-volume zone, reinforcing bearish pressure and making a breakout challenging.
FenzoFx Posted July 15 Author Posted July 15 USD/CHF Bearish Analysis FenzoFx—USD/CHF is testing the critical resistance level at 0.804, a demand zone that coincides with the descending trendline. A new bearish wave would form if the price remains below this level. In this scenario, USD/CHF will likely retest the previous support level at 0.787.
FenzoFx Posted July 16 Author Posted July 16 XRP Cools Near $3.00 Amid Overbought Signals FenzoFx—XRP remains bullish after piercing $3.00 earlier this week but cooled near resistance. Trading around $2.90, Stochastic (~84) and RSI 14 (80) indicate overbought conditions, suggesting consolidation. We anticipate a pullback toward $2.66 support before resuming the uptrend. Alternatively, a decisive break above $3.00 would target $3.21 next.
FenzoFx Posted July 17 Author Posted July 17 EUR/USD Resumes Bearish Trend Below $1.176 FenzoFx—EUR/USD trades bearish, below the 100-SMA, and is currently testing the bullish FVG as support. Yesterday, Euro failed to pass the immediate resistance at $1.176; therefore, we expect the bearish bias to resume. In this scenario, EUR/USD's downtrend could extend to the next support level at $1.151. Please note that the bearish outlook should be invalidated if Euro closes and stabilizes above $1.176.
FenzoFx Posted July 17 Author Posted July 17 Unique Bearish Setup Emerges for AUD/JPY This Quarter FenzoFx—AUD/JPY is bullish, currently testing the critical resistance and order block at 97.3. This level coincides with the VWAP and volume profile point of interest. Bears are interested in adding short positions at the 97.3 price level. Since this level is highly important and has the potential to change the trend, it is necessary to form a double top at this price, which has not happened before. From a technical perspective, if a double top pattern forms at 97.3 and this level holds, a new bearish trend will likely emerge. In this scenario, the 93.9 level is likely to be targeted.
FenzoFx Posted July 17 Author Posted July 17 Ethereum Analysis FenzoFx—Ethereum is bullish, but the uptrend eased near monthly highs. Support is at $3,363.0. A break below this level may trigger a consolidation phase toward 50.0% of the previous range.
FenzoFx Posted July 18 Author Posted July 18 XRP Retests Previous All-Time High as Bullish Setup Develops FenzoFx—XRP (Ripple) is tested and has stayed above $3.40, the previous all-time high. This level acts as support, backed by the VWAP from Thursday's low and the bullish FVG. If this level holds, we expect the cryptocurrency to aim higher, targeting $3.60, followed by $3.66.
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