FxProGlobal

- Gold broke daily down channel- Likely to rise to resistance level 3440.00Gold recently broke the resistance trendline of the daily down channel from April (which enclosed the previous medium-term ABC correction (2)).The breakout of this down channel should accelerate the active minor impulse wave 3 of the intermediate impulse wave (3) from May.Given the clear daily uptrend, Gold can be expected to rise to the next resistance level 3440.00 (top of the B-wave from May).

- Trump Coin broke the support zone- Likely to fall to support level 10.00Trump Coin recently broke the support zone between the support level 11.95 (which has been reversing the price from the start of May) and the 50% Fibonacci correction of the upward correction (2) from the start of April.The breakout of this support zone continues the active impulse wave 3 of the intermediate impulse wave (3) from April.Trump Coin can be expected to fall to the next round support level 10.00 (which stopped the previous wave 1 at the start of May).

- Monero reversed from round resistance level 400.00- Likely to fall to support level 300.00Monero recently reversed down from the powerful round resistance level 400.00, standing far above the upper daily Bollinger Band.The price will form the weekly Japanese candlesticks reversal pattern Bearish Engulfing if it closes this week near the current levels – strong sell signal for Monero.Given overbought reading on both weekly RSI and Stochastic, Monero can be expected to fall to the next round support level 300.00.

- Ethereum reversed from resistance zone- Likely to fall to support level 2400.00Ethereum cryptocurrency recently reversed down from the resistance zone lying between the resistance level 2800.00 (which has been reversing the price from February), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from December.The downward reversal from this resistance zone formed the daily Japanese candlesticks reversal pattern Shooting Star.Ethereum cryptocurrency can be expected to fall to the next support level 2400.00 (which stopped the previous wave (2) earlier in May).

- Bitcoin broke daily up channel- Likely to fall to support level 105000.00Bitcoin cryptocurrency recently broke the support trendline of the sharp daily up channel from the start of April intersecting with the 50% Fibonacci correction of the upward impulse from the middle of May.The breakout of this up channel stopped the previous impulse wave 5 of the extended upward impulse wave (3) from April.Bitcoin cryptocurrency can be expected to fall to the next support level 105,000.00, the breakout of which can lead to further losses toward 102150,00 (low of the previous minor correction 4).

- Solana rising inside daily up channel- Likely to reach resistance level 186.10Solana cryptocurrency recently reversed up from the support trendline of the daily up channel from the start of April (coinciding with the 20-day moving average).The upward reversal from this support trendline continues the active impulse wave 3 of the intermediate impulse wave (3) from last month.Solana cryptocurrency can be expected to rise to the next resistance level 186.10, which stopped the previous impulse wave 1 in the middle of May.

- Litecoin reversed from key support level 92.65- Likely to rise to resistance level 100,00Litecoin cryptocurrency recently reversed from the key support level 92.65 (which stopped the previous minor correction (2) earlier in May).The support level 92.65 was strengthened by the 50% Fibonacci correction of the previous upward impulse 5 from the start of May.Litecoin cryptocurrency can be expected to rise to the next round resistance level 100,00, which stopped the previous correction B.

- Bitcoin reversed from support level 106850,00- Likely to rise to resistance level 111830.00Bitcoin cryptocurrency pair recently reversed up from the support level 106850,00 (which has been reversing the price during the last few trading sessions), intersecting with the 50% Fibonacci correction of the previous upward impulse from last week.The support level 106850,00 was further strengthened by the support trendline of the sharp daily up channel from the start of April.Bitcoin cryptocurrency can be expected to rise to the next resistance level 111830.00, which reversed the price earlier this month.

- Bitcoin broke key resistance level 108055.00- Likely to rise to resistance level 115000.00Bitcoin cryptocurrency pair recently broke above the key resistance level 108,055.00 (former monthly high from December and January, as can be seen below).The breakout of the resistance level 108055.00 accelerated the active minor impulse wave 5 of the intermediate impulse wave (3) from the start of April.Bitcoin cryptocurrency can be expected to rise to the next resistance level 115,000.00 (which is the target price for the completion of the active minor impulse wave 5).

- Gold reversed from support zone- Likely to rise to resistance level 3300.00Gold recently reversed up from the support zone located between the pivotal support level 3155.00 (former top of the impulse wave 3 from the start of April), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from January.The upward reversal from the support zone stopped the C-wave of the previous medium-term ABC correction (4) from the middle of April. Given the clear daily uptrend and the oversold daily Stochastic, Gold can be expected to rise to the next resistance level 3300.00.