J.J. Edwards’ Expert Market Analysis at FenzoFx

[FxNews]

BCH Correction Within Bearish Structure

FenzoFx—Bitcoin Cash remains above the ascending trendline and $446.60 support. The price has entered the inverted fair value gap, which may act as strong resistance and cap further upside. The primary trend is bearish below $576.00, and current bullish momentum is likely corrective.

BCH could rise toward $541.30 before resuming its downtrend. If bearish pressure returns, the next target is $427.00. The ascending trendline has been tested five times, making it fragile. A close above $576.00 would invalidate the bearish outlook. Key levels to monitor for bearish setups are $541.30 and $576.70.

 

[FxNews]

Ethereum Accumulates Near $3,170 Support

FenzoFx—Ethereum is down 0.66% today, trading near $3,540.00 inside the liquidity void from October 10. Immediate support lies at $3,170.00, a level respected for 4 days on the daily chart. This accumulation may signal a potential move higher.

In this scenario, ETH/USD could rise toward $3,836.00 before resuming its downtrend. A break below $3,170.00 would likely trigger a decline toward $2,880.00. The bearish outlook remains valid as long as the daily chart fails to print new higher highs.

 

[FxNews]

Gold's Accumulation Pays Off: $4,379 in Sight​

FenzoFx—Gold bounced from $3,886.00 and accumulated around this range for 8 trading sessions. This was a bullish accumulation which resulted in Gold's price breaking out from the range in yesterday's session.

Support is at $4,050.00. If this level holds, we expect Gold to target the liquidity void with resistance at $4,200.00 for profit taking. Furthermore, if the price breaks above $4,200.00, it will likely aim for the all-time high, the $4,379.00 mark. This level has equal lows, meaning stops are resting above it.

 

[FxNews]

Litecoin: Bearish Setup Builds Below $101.00

FenzoFx—Litecoin is up 1.60% today, trading near $101.00. The price declined after tapping the liquidity void at $112.30, aligned with the upper band of the bearish channel. Immediate support lies at $98.00. A close below this level could resume the downtrend, targeting $93.70.

If selling pressure persists, LTC may fill the bullish fair value gap with support at $89.30. The current momentum remains vulnerable to reversal.

 

[FxNews]

Solana: Bears are in Full Control

FenzoFx—Solana is up by 3.30% today, after the sharp decline on November 25. The daily candle of this date is a bearish engulfing, meaning the sellers are in control of the $171.70. This level has the highest volume spike level as shown on the chart.

The immediate resistance is at $171.70. From a technical perspective, the downtrend will likely resume if the price holds below this level. In this scenario, the next bearish target could be the sell-side liquidity at $137.60, followed by $126.00.

 

[FxNews]

Gold Confirmed Bullish Bias

FenzoFx—Gold is bullish again, confirmed by engulfing above the $4,175.00 resistance. As of this writing, XAU/USD trades inside the bearish fair value gap, testing the $4,230.00 resistance.

Last day, Gold did not dip below $4,103.00 (the bullish FVG) for liquidity. This indicates a strong bullish market. However, going long at the current price is risky because the price has surged already. The ideal level for joining the bull market would be around $4,146.00, which is in conjunction with daily highs and the October 23 and 24 close. This area should provide decent support for Gold.

In the bullish scenario, we expect Gold to form a double top at all-time highs by targeting $4,398.00.

 

[FxNews]

XRP: Accumulation Zone Supports Short-Term Upside

FenzoFx—XRP (Ripple) is under selling pressure, down 0.50% today, trading near $2.309. The daily chart shows accumulation, suggesting sideways momentum may continue. Open interest supports this phase, with strong support between $2.072 and $2.223.

XRP could rise slightly, potentially revisiting $2.456. If resistance at $2.456 holds, a bearish wave may follow, targeting $2.072. Continued selling pressure could push the price toward the liquidity void at $1.922.

 

[FxNews]

Bitcoin: Liquidity Void Signals Potential Decline

FenzoFx—Bitcoin dipped below $99,000.00 as expected and now trades near $95,630.00. Friday’s selloff created a bearish fair value gap, viewed as a liquidity void.

Technically, price is expected to revisit resistance between $96,700.00 and $99,000.00. If the gap remains partially unfilled, especially in its upper half, further downside is likely. In this scenario, Bitcoin’s next bearish target could be $90,000.00. The bearish outlook remains valid while price stays below $108,800.00.

 

[FxNews]

Bitcoin Cash Tests Fragile Support

FenzoFx—Bitcoin Cash is in a bear market, down 6.50% since yesterday, now trading near $490.20. BCH is still holding above the ascending trendline, but this support has been tested five times, making it fragile.

Technically, further downside is expected. A break below $469.10 could trigger a deeper decline toward $437.60. If selling pressure continues, $421.80 may be targeted. The bearish outlook remains intact while the price stays below the key resistance at $541.30.

 

[FxNews]

Ethereum Accumulates Below Key Resistance

FenzoFx—Ethereum remains bearish, trading near $3,078.00. Price is below $3,170.00, with a bearish fair value gap overhead and resistance at $3,371.00. Technical indicators show an oversold market with bullish divergence, and candlestick patterns suggest accumulation around this zone.

Despite the bearish setup, a short-term rise may occur to grab liquidity before the downtrend resumes. In this case, Ethereum could target the bearish gap and resistance at $3,371.00.

 

[FxNews]

Litecoin Slides Toward Key Support Levels

FenzoFx—Litecoin remains in a bear market, down 2.00% today and trading near $93.00 within the bullish fair value gap. Key support lies at $89.30. A break below this level could accelerate the downtrend, potentially driving the price toward $78.60.

If selling pressure continues, the next support zone is $71.70, aligned with the lower band of the bearish channel.

 

[FxNews]

XRP Eyes Rebound Amid Bearish Pressure

FenzoFx— Technical indicators show oversold conditions and bullish divergence in momentum. As a result, we expect a potential rebound toward higher resistance levels before the broader downtrend resumes. In this scenario, XRP could rise toward $2.2230, then pull back to $1.9220, with major sell-side liquidity resting at $1.7710.

 

[FxNews]

Gold Faces Breakdown Risk Below $4,030

FenzoFx—Gold began its downtrend after it failed to close above the bearish fair value gap with resistance at $4,235.00. Currently, the price lingers inside the bullish fair value gap with support at $4,030.00.

From a technical perspective, if on the daily chart the price closes below $4,030.00, we can expect the sell-off to resume. In this scenario, the equal lows at $3,930.00 will likely be the next target. Since this zone is a double bottom, in case of a breakdown, the bearish momentum will be boosted, which could drive the price to the next order block at $3,752.00.

 

[FxNews]

Bitcoin Consolidates Within April Gap

FenzoFx—Bitcoin formed a swing low at $80,5200.00 and is currently trading inside the April fair value gap. The primary trend remains bearish since BTC has not made a higher high or significant swing high. This suggests potential downside toward the major support at $73,700.00.

However, consolidation inside the fair value gap is expected, with selling pressure easing until Wednesday. In this scenario, BTC/USD could rise toward $92,200.00. Failure to close above this level in the short term would likely resume the downtrend, targeting $73,700.00.