Daily Price Outlook

• Bitcoin ($BTC) consolidating after failing to break resistance at $25,600
• Support level at $24,750 formed a bullish hammer candlestick, indicating possible reversal
• Monitoring $25,600 level crucial; RSI and MACD showing mixed signals

On the technical front, the cryptocurrency Bitcoin ($BTC) is currently showing a minor consolidation after failing to break above the resistance level at $25,600. Observing the four-hour timeframe, Bitcoin tested the support level at $24,750 and formed a bullish hammer candlestick, suggesting a possible reversal in the market.

The subsequent candlestick closed above the support level at $24,750, indicating potential bullish momentum.

It is worth noting that Bitcoin has already completed a 38.2% Fibonacci retracement around the $25,600 level. The inability to surpass this level may limit further upward movement.

Additionally, the $25,600 level previously acted as a triple bottom support on June 5, June 6, and June 10, which could provide resistance to Bitcoin’s price.

Monitoring the key level of $25,600 is crucial. As long as Bitcoin remains above this level, the bullish sentiment may continue. However, the relative strength index (RSI) and moving average convergence divergence (MACD) are showing mixed signals.

The RSI is below 50, indicating a bearish bias, but it has recently bounced above the zero line, entering the buying zone. The MACD is also crossing above its signal line, supporting the possibility of a bullish continuation.

If Bitcoin manages to break through the $25,600 level, it could potentially target the resistance levels at $26,000 and $26,250. On the downside, immediate support for Bitcoin is seen around $25,150 and $24,750.

BTC/USD Price Chart – Source: Tradingview

BTC/USD – Trade Idea

Entry Price – Sell Below 25550

Stop Loss – 25850

Take Profit – 25000

Risk to Reward – 1 : 1.8

Profit & Loss Per Standard Lot = +$550/ -$300

Profit & Loss Per Micro Lot = +$55/ -$30

Daily Price Outlook

• Dogecoin is grooving within a range of $0.0625 (upper boundary) and approximately $0.0580 (lower boundary).
• Technical indicators show a mix of indecision (RSI) and smooth neutrality (MACD).
• Breakout above $0.0626 could lead to dance moves towards $0.0645, $0.067, and $0.0711, while support is expected at $0.058 and $0.0540.

Dogecoin is currently enjoying a groove in the technical analysis dancefloor, moving to the beat within a range of $0.0625 as the upper boundary and approximately $0.0580 as the lower boundary.

Taking a closer look at the four-hour timeframe, Dogecoin dipped its toes in the oversold zone, hitting a low of $0.0529, but quickly bounced back, now strutting its stuff around $0.06171.

The coin has already showcased its dance moves at the 23.6% and 38.2% Fibonacci retracement levels at $0.058 and $0.060, respectively. It recently twirled around the significant resistance level of $0.06260, which corresponds to the 50% Fibonacci retracement level.

As we groove to the technical indicators, we find the Relative Strength Index (RSI) busting some moves above and below the 50 level, hinting at some indecision among investors. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing off its smooth moves near the zero level, signaling a neutral stance in the market.

When it comes to potential price movements, if Dogecoin breaks out above the $0.0626 level, it could shine a spotlight on the 61.8% Fibonacci retracement level at $0.0645, leading to further dancefloor destinations at $0.067 and $0.0711.

On the downside, support is expected to step up its game around $0.058 or $0.0540. It’s clear that the $0.0626 level has a key role to play, with potential selling pressure below it and the continuation of the upward trend expected above it.

DOGE/USD Price Chart – Source: Tradingview

DOGE/USD – Trade Idea

Entry Price – Sell Below 0.0622

Stop Loss – 0.0678

Take Profit – 0.0547

Risk to Reward – 1: 35

Profit & Loss Per Standard Lot = +$74/ -$56

Daily Price Outlook

• Ripple completes a 61.8% Fibonacci retracement near $0.470, signaling a potential bullish reversal.
• Resistance levels to watch are $0.4873 and $0.5051, but mixed signals from other technical indicators add some uncertainty.
• Long positions above $0.5053 and short positions below $0.4700 are recommended for the upcoming dance floor action.

Ripple has recently taken a swing on the technical dance floor, completing a 61.8% Fibonacci retracement around the $0.470 level. Despite struggling to break through the resistance level at $0.5426, the price has dropped it like it’s hot.

But fear not, as a bullish candlestick pattern has emerged near the 61.8% retracement, hinting at a potential dance move in the opposite direction.

If the music keeps playing, the cryptocurrency pair could bust some moves and aim for the next resistance levels at $0.4873 and $0.5051. However, the other dancers on the floor are sending mixed signals.

The 50-day exponential moving average is doing some fancy footwork as a significant resistance at the $0.5044 level, while the relative strength index and moving average convergence divergence are twirling in a neutral zone.

To groove with the rhythm, it’s wise to hit the dance floor with long positions above the $0.5053 level and short positions below the $0.4700 level. The breakdance battle between these levels will decide the future dance routine, which we’ll reveal in our upcoming forecast.

XRP/USD Price Chart - Source: Tradingview

XRP/USD – Trade Idea

Entry Price – Sell Below 0.48956

Stop Loss– 0.51170

Take Profit – 0.44496

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$44/ -$22

Daily Price Outlook

• Gold prices ended yesterday with a clear decline, breaking below $1,945.20 and confirming the bearish trend.
• To reverse the current negative pressure, gold would need to surpass $1,945.20 and $1,958.40 levels, potentially shifting towards a bullish trend.
• The expected trading range for today is between the support level at $1,915.00 and the resistance level at $1,950.00.

Gold prices ended on a sour note yesterday, breaking below the level of $1,945.20 and settling below it once again. This reinforces the expectation of a continued bearish trend in the upcoming sessions, with the potential for the price to target our next downside objective at $1,913.15.

The bearish channel remains in control, orchestrating the anticipated downward movement and finding steady support from the EMA50 indicator.

It’s worth noting that if gold manages to break above the levels of $1,945.20 and $1,958.40, it could alleviate the current selling pressure and set the stage for a potential attempt to regain the primary bullish trend.

In terms of trading expectations for today, the anticipated range is between the support level at $1,915.00 and the resistance level at $1,950.00. Traders will be keeping a close eye on these levels to gauge the price action in the market.

GOLD Price Chart – Source: Tradingview

Gold (XAU/USD) Trade Idea

Entry Price –1950

Take Profit – 1923

Risk to Reward – 1: 1

Profit & Loss Per Standard Lot = +$1400/ -$1300

Profit & Loss Per Micro Lot = +$140/ -$130

Daily Price Outlook

• Bitcoin faces resistance at $26,250 and support near $25,500, as per technical analysis.
• The 50-day EMA provides support around $25,800, but a descending triangle pattern suggests bearish sentiment.
• Breaking below $25,500 may increase selling pressure, targeting support levels at $24,940, $24,710, or $24,385.

Bitcoin faces resistance at $26,250 and finds support near $25,500, according to technical analysis. The range of $26,180 to $25,500 will determine its next move. Indicators like RSI and MACD show uncertainty in investor sentiment.

The 50-day EMA acts as support around $25,800, but a descending triangle pattern suggests bearish sentiment. Breaking below $25,500 could increase selling pressure, leading to support at $24,940, $24,710, or $24,385.

Traders watch the upcoming FOMC meeting and Fed Rate announcement for potential impact on Bitcoin’s price.

BTC/USD Price Chart – Source: Tradingview

BTC/USD – Trade Ideas

Entry Price – Buy Above 25750

Stop Loss – 25315

Take Profit – 26360

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$610/ -$435

Profit & Loss Per Micro Lot = +$61/ -$43

Daily Price Outlook

• Ethereum’s downtrend continues as it broke below the $1,770 support level, pushing the price below $1,740.
• The MACD confirms the downtrend, and unless Ethereum surpasses $1,760 or $1,770, the downward movement is expected to persist, potentially reaching the support at $1,700.
• A breakout above $1,770 could lead to resistance levels at $1,818 and $1,850. Investors may view these levels as opportunities to sell.

Ethereum broke below the $1,770 support level, extending the downtrend and pushing the price below $1,740. The presence of bearish candlestick patterns indicates strong selling pressure. The RSI is below 50, suggesting a selling bias.

The MACD confirms the ongoing downtrend. Unless Ethereum surpasses $1,760 or $1,770, the downward movement is likely to continue, potentially reaching the support at $1,700. Further support levels are at $1,647 and even lower around $1,600.

On the upside, a breakout above $1,770 could lead to resistance levels at $1,818 and $1,850. Investors may consider these levels as selling opportunities. Monitoring the $1,770 level is crucial, as a failure to break above it would indicate a continuation of the downtrend.

ETH/USD Price Chart – Source: Tradingview

ETH/USD – Trade Ideas

Entry Price – Buy Above 1730.0

Stop Loss – 1700.0

Take Profit – 1775.0

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$45/ -$30

Daily Price Outlook

• Dogecoin consolidates between $0.0627 and $0.0610, recovering from a drop to $0.0529.
• Fibonacci retracement levels at $0.058 and $0.060 have been completed, with $0.06260 as significant resistance.
• RSI at 50 suggests investor indecision, while MACD indicates a neutral bias. A breakout above $0.0626 could lead to further gains. Support lies at $0.058 or $0.0540.

Dogecoin is currently consolidating between $0.0627 and $0.0610. After dropping to $0.0529, it quickly recovered to trade around $0.06171.

Fibonacci retracement levels at $0.058 and $0.060 have already been completed, and the 50% level at $0.06260 now acts as significant resistance.

The RSI hovers around 50, indicating investor indecision, while the MACD shows a neutral bias. A breakout above $0.0626 could lead to further gains towards $0.0645, $0.067, and $0.0711.

Support is anticipated at $0.058 or $0.0540. The $0.0626 level is crucial, signaling selling pressure below and continuation of the upward trend above it.

DOGE/USD Price Chart – Source: Tradingview

DOGE/USD – Trade Idea

Entry Price – Buy Stop 0.0630

Stop Loss – 0.0596

Take Profit – 0.0674

Risk to Reward – 1: 1.30

Profit & Loss Per Standard Lot = +$44/ -$34

Daily Price Outlook

• Gold is currently in a bullish trend, bouncing off the $1950 support level and trading around $1963.
• A symmetrical triangle pattern has formed on the four-hour timeframe, with support at $1950 and resistance at $1970.
• A break above $1970 could lead to further upside towards $1985 or higher, while a break below $1952 may result in downside towards support levels around $1938.

Gold is currently experiencing a bullish trend, bouncing off the support level around $1950 and trading around $1963. On the four-hour timeframe, gold has formed a symmetrical triangle pattern, indicating support at $1950 and resistance at $1970.

The metal is consolidating within this range, and a breakout will determine its future price action. If gold breaks above $1970 and closes above this level, it is likely to continue trading on the bullish side, targeting $1985 or higher.

On the other hand, a break below the support level at $1952 could lead to further downside towards the next support levels at around $1938. It is important to monitor this trading range for further price direction.

GOLD Price Chart – Source: Tradingview

Gold (XAU/USD) Trade Idea

Entry Price – Buy Above 1955

Stop Loss – 1948

Take Profit – 1970

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1500/ -$700

Profit & Loss Per Micro Lot = +$150/ -$70

Daily Price Outlook

• XRP/USDT shows positive signs with support at $0.5225 and buyer dominance.
• Resistance at $0.5300, potential gains to $0.5400 and $0.5469.
• Breakdown below $0.5225 may lead to support levels at $0.5100, $0.5042, or $0.4995.

XRP/USDT is showing positive signs as buyers find support at $0.5225. The recent consolidation pattern and breakout to $0.5215 indicate buyer dominance. Minor resistance is at $0.5300, with potential for further gains towards $0.5400 and $0.5469.

RSI and MACD are in the bullish zone, indicating buying pressure. A breakdown below $0.5225 could lead to support levels at $0.5100, $0.5042, or $0.4995.

Watch for a break above $0.5225 for continued bullish conditions.

XRP/USD Price Chart – Source: Tradingview

XRP/USDT – Trade Idea

Entry Price – Buy Limit 0.51947

Stop Loss – 0.50537

Take Profit – 0.54744

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$279/ -$141

Daily Price Outlook

• Bitcoin remains steady at $25,806, boasting a 24-hour trading volume of $11.46 billion and a robust market cap of around $500.6 billion.
• Technically, Bitcoin grapples with a $26,180 resistance and relies on $25,400 support, while uncertain candlesticks and RSI and MACD fluctuations indicate market indecision.
• Watch for a descending triangle pattern that hints at bearishness; if Bitcoin drops below $25,400, it might retreat towards $24,950, $24,700, or $24,400.

Alright, folks, let’s zoom in on Bitcoin, which is currently trading at $25,806, with a bustling 24-hour trading volume of $11.46 billion. Though it has taken a modest 1% dip, Bitcoin still reigns supreme, sitting on a throne with a market cap of roughly $500.6 billion.

As we dissect the technical charts, Bitcoin is facing a sturdy resistance at $26,180, and it’s leaning on support near $25,400. The latter is playing a significant role, acting like a cushion preventing Bitcoin from slipping further on the four-hour chart.

Now, let’s talk about what’s next. The market is somewhat in limbo, as the crypto-enthusiasts watch with bated breath for Bitcoin to make a decisive move. The candlestick patterns, along with indicators like RSI and MACD, are somewhat indecisive, akin to a chess player contemplating the next move.

What’s more, the 50-day EMA is not making it any easier, as it’s positioned at around $25,900, setting another resistance line. Bitcoin is navigating these waters cautiously.

However, we should keep an eye on the descending triangle pattern which hints at a possible bearish sentiment. If Bitcoin slips below $25,400, it might have to face a downhill slope with potential pit stops at $24,950, $24,700, or $24,400.

The crypto-landscape is ever-evolving, and Bitcoin is no stranger to twists and turns. Let’s keep a close eye on the charts as this intriguing story unfolds.

BTC/USD Price Chart – Source: Tradingview

BTC/USD – Trade Idea

Entry Price – Sell Limit 26161

Stop Loss – 26478

Take Profit – 25426

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$735/ -$317

Profit & Loss Per Micro Lot = +$73/ -$31