J.J. Edwards’ Expert Market Analysis at FenzoFx

[FenzoFx]

LTC: Sell Volume Is Being Absorbed, Bullish Run in Focus

FenzoFx—LTC sits in the upper quadrant of the bullish fair value gap, aligned with anchored VWAP. Selling volume is rising, but price remains stable—suggesting absorption by large buyers.

Litecoin is currently at a premium, making it less ideal for new entries. We recommend monitoring the $109.3 support zone, backed by a low volume node, for a better entry.

If this level holds, LTC may rally toward $128.60 and $134.10. A break below $109.3 would invalidate the bullish outlook.

[FenzoFx]

Wait Zones for Euro After Accelerated Downtrend

FenzoFx—Euro's downtrend escalated after Germany's exports data fell by 0.50%. Currently, the equal lows at $1.1574 are in focus. This level will likely be targeted by bears.

From a technical perspective, we expect EUR/USD to consolidate after tapping into the liquidity below $1.1574. In this scenario, the market will likely rise toward $1.1704 or a higher resistance level. In the longer term, we expect the downtrend to resume toward the bullish fair value gap with support at $1.1438.

Please be aware not to grab a falling knife, because the current price does not offer a premium entry to join the bear market. We advise waiting for the Euro to consolidate after profit-taking at or below the equal lows.

[FenzoFx]

BCH Bulls on Thin Ice: Watch $580 Closely

FenzoFx—Bitcoin Cash dropped from $615.90 and now trades near $575.0, testing the bullish fair value gap as support. The 4-hour chart shows price respecting the bearish FVG mean threshold, while cumulative volume delta declines—signaling bearish pressure.

Immediate resistance is at $592.20. If selling continues, BCH may fill the bullish FVG down to $580.0. A break below $580.40 could open the path toward equal lows at $533.40. The bearish outlook remains valid unless BCH closes above $592.20.

[FenzoFx]

Bitcoin Leaps for a New Bullish Run Above this Resistance

FenzoFx—Bitcoin remains bullish. Yesterday, price dipped below Tuesday’s low but failed to close beneath it. This support zone is backed by a bullish fair value gap and anchored VWAP from September 28.

Immediate resistance stands at $122,335.0. If bulls close above this level, BTC/USD could target $124,254.0, followed by all-time-high. However, the bullish outlook is invalidated if BTC/USD closes below recent lower lows.

[FenzoFx]

Bitcoin Eyes Double Top After Selloff

FenzoFx—Bitcoin is consolidating near $112,160.00 after a major selloff, testing this level as support. Price action shows a double top at $116,078. 

From a technical view, BTC may aim for this level if it holds above immediate support at $112,143.0. Please note that a close below $112,143.0 could trigger a deeper downtrend, with the next bearish target likely at $100,000.0.

[FenzoFx]

Volatility Rises as ETH Tests Support

FenzoFx—Ethereum rejected resistance at $4,233.00, aligned with the bearish fair value gap. Friday’s selloff widened the trading range, increasing risk for ETH traders. 

The trend remains bearish while price stays below $4,233.0. Critical support lies at $3,825.0. If ETH closes below this level again, the downtrend may escalate toward $3,368.0. Traders should approach cautiously, as the market is in an uncertain phase with potential for volatile price swings.

[FenzoFx]

No Bullish Setup as LTC Stalls

FenzoFx—Litecoin is trading sideways near $98.3 after Friday’s sharp selloff. The 1-hour chart shows price respect at $92.40 minor support, but declining cumulative volume delta signals weakening buyer interest.

The overall trend remains bearish, with resistance at $102.4. LTC may tap into buyside liquidity above $102.9, but failure to hold could extend the downtrend toward $85.5 and $78.6. There’s no bullish setup at the time of writing. Traders should remain cautious, as the market is volatile and prone to erratic swings. Happy trading, everyone.

[FenzoFx]

Key Levels to Buy Gold Today

FenzoFx—Gold is trading higher today, made a new ATH. As of this writing, XAU/USD trades at approximately $4,222.0, testing the ascending trendline as support. Going long is still in play, but we suggest waiting for a correction toward $4,177.0. 

This area is last day's opening gap in the futures market. Therefore, there is a high probability for the price to decrease near this level before a new leg upward.

[FenzoFx]

XRP Holds Gains Amid Accumulation

FenzoFx—XRP (Ripple) is up 3.0% today, trading at $2.464 above the 8-period SMA. Rising volume suggests accumulation. If the price holds above $2.318, XRP/USD may target $2.6480. Continued buying pressure could invalidate the downtrend and open the path to the next liquidity zone at $2.956. 

However, if the price drops below $2.3180, the bullish scenario is invalidated, and accumulation may extend toward the $2.000 psychological level. Traders should monitor support levels closely as momentum builds.

[FenzoFx]

Gold Offer Buy Setup at These Levels

FenzoFx—Gold dipped 2.00% today, nearing the ascending trendline. This pattern has been seen multiple times in the current and previous month where Gold dips to provide new discount prices to go long.

Interestingly, volume did not decrease as significantly as the price. This means there are buyers that are constantly buying Gold or the current decline is manipulation. From a technical perspective, XAU/USD is in an uptrend. 

The $4,236.0 support, which aligns with the trendline, is a decent entry point to join the bull market if the buying volume is significant at this level. The stop should be below $4,200.0 for this setup, targeting the all-time highs.

[FenzoFx]

This Could be the Final Chance to Catch Gold at $4,000

FenzoFx—Gold lost 8.00% last day and slightly touched last week's low at $4,007.0. Currently, the price closed above the SMA 8 with a prior 4-hour long-wick bullish candlestick pattern. This price action promises the uptrend will likely resume.

However, wicks are considered as gaps in trading. Therefore, we expect the price to decline toward $4,045.0. If this level holds, the uptrend will likely resume, targeting $4,200.0 in the short term. On the other hand, if the price closes below $4,007.0, we expect the price to revisit $3,900.0.

Please note that last day's sell-off is NOT a market crash. The price only visited last week's low, meaning it erased one week's earnings.

[FenzoFx]

GBP/USD Bullish Setup is Above 1.3371

FenzoFx—GBP/USD is trading in the previous week's range while defending the bullish fair value gap from October 14. The price is yet below the 20 period SMA, despite the oversold signal by stochastic and the impulsive upside momentum yesterday. 

From a technical perspective, GBP/USD can potentially aim for the weekly highs at 1.3471. However, for this scenario to unfold, the price must close above the 1.3371 immediate resistance. Furthermore, for the bullish outlook to remain valid, the mean threshold of the 4H fair value gap must remain intact. 

[FenzoFx]

Bitcoin Tests Bearish Liquidity Zone

FenzoFx—Bitcoin is up 7.50% since last Monday, trading around $115,600.00. The wide range from the recent selloff to the bounce at $103,517.00 adds risk. The bearish outlook remains valid as BTC nears the bearish fair value gap with a mean threshold at $116,000.00. 

Traders should watch for bearish structure breaks and engulfing candles in the orange zone. If $116,600.00 holds, BTC may dip to $112,325.00. On the flip side, a close above $116,600.00 could fill the gap and reach $119,714.00. Note: Sunday’s bullish candle formed in a low-liquidity session, with institutional activity limited.

[FenzoFx]

XRP Approaches Key Resistance Zone

FenzoFx—Ripple (XRP) is up 12.00% since Thursday, trading near $2.650 and approaching resistance at $2.7700. Despite holding above the ascending trendline after Friday’s wick, XRP faces two key resistances: $2.7700 and the descending trendline. 

Volume remains flat, suggesting buying pressure is being absorbed by dormant sellers. The outlook remains bearish unless price breaks above $3.103. If $2.7700 holds, XRP may decline toward $2.224, with further downside targets at $2.073 and $1.922. 

Edited yesterday at 08:29 AM by FenzoFx

[FenzoFx]

Bitcoin Cash Faces Resistance at $568

FenzoFx—Bitcoin Cash closed bearish after testing the $568.7 resistance. BCH is now trading near $555.0, inside the bearish fair value gap. The market outlook remains bearish as price closed below the bullish channel, with $568.0 acting as key resistance. 

If this level holds, BCH/USD may dip toward $515.0. A close and stabilization above $568.0 would invalidate the bearish setup and suggest a bullish move toward $615.0. 

[FenzoFx]

Euro Eyes Breakout Ahead of Rate Decision

FenzoFx—EUR/USD is trading lower today, below the descending trendline. The price has been reacting to the ascending trendline multiple times as shown on the chart. There is a double bottom formed at $1.1584, which could limit the upside momentum as liquidity rests below them. As we approach the US interest rate decision, we expect Euro to trade higher against the U.S. dollar and break above the descending trendline.

In this scenario, Euro could rally to 1.1766, followed by 1.1830. On the flip side, if Euro remains below the descending trendline, the price could target the double bottom at 1.1584, as sell-side liquidity is resting below this level.

[FenzoFx]

Japanese Yen Consolidates Near Critical Support

FenzoFx—Japanese Yen is consolidating near 0.0065 after the price slightly gapped below this level on Monday. This level has further support from the lower line of the bearish channel.

The primary trend is bearish. However, the currency is oversold. Therefore, a consolidation toward higher resistance levels is expected before the downtrend resumes. In this scenario, JPY could tap into the liquidity void at 0.0066. This level can provide a premium price to sell JPY against other major currencies such as GBP and EUR.