Insights from the Market Desk by FenzoFx.com

[FxNews]

BTC Correction Possible Before Further Drop





FenzoFx—Bitcoin continues its downtrend after dipping below the bearish fair value gap, now trading around $104,150.00. Immediate support sits at $103,400.00. A daily close below this level could trigger further downside, with thin liquidity below.


Technically, a correction may occur first, potentially pushing BTC toward $108,800.00 before resuming the decline. If $103,400.00 is breached, the next support levels are $100,000.00 and $98,000.00.

[FxNews]

XRP Eyes $2.072 if Support Breaks





FenzoFx—XRP is down 3.30% today, trading around $2.2330. Immediate support lies at $2.2230, backed by the anchored VWAP. So far, the price hasn’t closed below this level on the daily chart.


Technically, a close beneath VWAP could trigger further downside toward $2.072. If selling pressure continues, the next support is $1.922. The market outlook remains bearish while XRP trades below the descending trendline.

[FxNews]

Gold Awaits Breakout or Breakdown





FenzoFx—Gold's upside momentum has been capped by the $4,050.00 resistance, backed by the anchored VWAP from October 23. The immediate support rests at the recent lower high, the $3,971.00 mark.


From a technical perspective, a close below the immediate support could trigger the downtrend, retesting the lows at $3,901.00. On the flip side, if the price closes above $4,050.00, the current uptick in momentum could extend to the upper line of the bearish channel, followed by $4,175.00.

[FxNews]

Gold: Bearish Divergence Signals Weak Momentum





FenzoFx—Gold tapped into the $4,050.00 buy-side liquidity yesterday, currently trading below this level. The cumulative volume delta demonstrates a lack of buying interest in gold, formed a bearish divergence with the price chart.


From a technical perspective, if Gold remains below $4,050.00, the price will likely decline toward the equal lows at $3,925.00.

[FxNews]

Bearish Gap Caps XAU/USD Upside





FenzoFx—Gold traded lower after it crossed above the descending trendline, capped at the $4,050.00 bearish gap. Currently, Gold is testing the trendline as support, with support at $3,925.00. The recent breakout has confirmation from cumulative volume delta, and the delta also made a new higher low and lower high.


The immediate support rests at $3,925.00. Yesterday, the price swept the sell-side liquidity by a few ticks below this level. This means the price should not return below this level in the current session if the market is bullish today.


From a technical perspective, if $3,925.00 support holds, XAU/USD will likely rise to take the buy-side liquidity at $4,050.00. Please note that the bearish outlook should be invalidated if the price closes below the immediate support. This setup has a 1 to 4 risk-to-reward.

[FxNews]

XRP Rejected at Key Resistance





FenzoFx—XRP failed to close above the $2.6480 resistance on Monday, dipping 6.00% to $2.5460, just above the bullish fair value gap. A momentum divergence confirms the strength of the $2.6480 resistance zone, highlighted in grey on the daily chart.


From a technical standpoint, XRP may trade lower toward $2.430, supported by the ascending trendline. If selling pressure persists, further downside targets include $2.224 and $2.073.


The bearish outlook remains valid as long as XRP/USD trades below the descending trendline. October 10’s long lower wick also suggests a gap that may attract price to fill, reinforcing the bearish scenario.

[FxNews]

Bearish Pressure Builds Below $208





FenzoFx—Solana's uptick momentum has been capped by the descending trendline, even though the price flipped above the $185.00 mark.


The daily chart shows long-wick bearish candles, indicating the selling pressure persists below the $208.00 resistance. From a technical perspective, the downtrend will likely resume if the price closes below the inverted fair value gap. In this scenario, SOLANA could decline toward the primary support at $172.00.


Please note that the bearish outlook should be invalidated if the price exceeds the $208.00 mark.

[FxNews]

Bearish Engulfing Signals Downside for Litecoin





FenzoFx—Litecoin filled 25% of the bearish fair value gap from Friday’s selloff, tapping into the $106.00 liquidity zone. The last candle is a bearish engulfing, signaling potential downside as both buyside and sell side liquidities were swept.


Resistance sits at $106.00. If this level holds, the downtrend may extend toward $85.50 and $78.60. The bearish outlook remains valid unless LTC/USD closes above $106.00 on the daily chart. A break above this level could trigger a move toward the upper line of the bearish channel.

[FxNews]

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.

[FxNews]

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.