J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

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.

 

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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.

 

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Tesla Analysis​

#TSLA broke the descending trendline. The next target is bullish at $314.0 followed by $322.6.

 

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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.

 

[FxNews]

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.

 

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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.

 

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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.

 

[FxNews]

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.

 

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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.

 

[FxNews]

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.