Insights from the Market Desk by FenzoFx.com

[FxNews]

BCH/USD Consolidates Eying $461.9




FenzoFx—BCH (Bitcoin Cash) paused its uptrend near $448.1, a low-volume zone, suggesting the rally may resume after consolidation.

Technical indicators show overbought conditions, increasing the likelihood of a short-term dip. BCH/USD may consolidate near $430.0 before aiming for the next target at $461.0.

[FxNews]

Ethereum Near Monthly High





FenzoFx—Ethereum trades near $2,790, aligning with its monthly high and the 50.0% retracement level. A wide Fair Value Gap could act as a price magnet, while bearish candlestick wicks signal selling pressure.

Stochastic at 79 nears overbought territory, suggesting a potential bearish wave if $2,790 resistance holds. A drop below $2,100 could align with the Fair Value Gap.

The bearish outlook is invalidated if ETH closes above $2,790.

[FxNews]

Institutional Moves Signal Liquidity Shift in GBP/JPY




FenzoFx—GBP/JPY tested the 196.4 resistance for the third time since May, with no liquidity sweep above this level, indicating massive liquidity remains.

GBP/JPY approaches 194.6 support with a full-body bearish candlestick, suggesting institutional selling pressure. The COT report shows non-commercial traders reducing long positions, with a net change of -12,863 contracts.

Despite the dip, GBP/JPY remains bullish, and 194.6 could offer a discount entry. Traders should monitor M5 and M15 for long entries. A breakout above 196.4 could target 198.25.

[FxNews]

Litecoin Hits Key Resistance




FenzoFx—Litecoin took buy-side liquidity at the $91.02 resistance, aligning with monthly highs. A bearish FVG emerged, signaling selling pressure in Tokyo's session.

LTC/USD trades around $90.53, with technical indicators showing overbought conditions. The Stochastic Oscillator at 81.0 suggests a potential bearish wave.

A bearish trend may form if LTC stabilizes below $91.02, targeting $86.77. However, if Litecoin breaks above this level with a bullish engulfing candlestick, the bearish outlook is invalidated.

[FxNews]

ICT Strategy Signals Bearish Outlook for LTC





FenzoFx—Litecoin consolidates near 87.1 after Saturday’s price action, down 0.09% today. ICT analysis places LTC in the premium pricing area, favoring short positions.

Immediate resistance at 89.36 remains untested, while support lies at 86.61. Traders should wait for LTC to test resistance and watch for bearish signals like candlestick patterns and an inverted Fair Value Gap (FVG). If resistance holds, LTC could break below support, aiming for 85.17.

The bearish outlook remains valid as long as 91.02 holds as resistance.

[FxNews]

Ethereum's Downtrend Pauses—Reversal or Further Drop?





FenzoFx—ETH/USD currently trades around $2,480, ranging between $2,336.0 support and $2,797.0 resistance. Given the recent break of structure, the bearish trend may resume, targeting $2,336 as the next liquidity trap.

This level may offer a discounted entry for long positions. Traders should watch for bullish signals like candlestick patterns and fair value gaps on lower timeframes (M5, M15) during the NY session.

[FxNews]

XRP Eyes $2.22




FenzoFx—XRP formed a double bottom at 2.218, aligning with Tuesday’s low. Price action set resistance at $2.22, where untriggered liquidity backed by a bearish Fair Value Gap (FVG) remains.

Stochastic exited oversold territory at 39 and is rising, suggesting bullish momentum may continue. If $2.18 support holds, XRP/USD could surpass $2.22 and form a higher high.

The bullish outlook is invalid if XRP declines and stabilizes below $2.18.

[FxNews]

Litecoin’s FVG at $85.8: A Key Pivot the Next Leg





FenzoFx—Litecoin’s momentum weakened from $91.00 to $87.40, now trading around $87.44 as the London session begins. Early in the session, LTC took out the Asian session’s low, signaling a liquidity grab. The $87.44 support zone aligns with a bullish Fair Value Gap (FVG) and Monday’s low.

If the FVG holds, LTC/USD could push toward $89.11, the Asian session high, with $90.99 as the next bullish target. However, $90.99 forms a double top, with sell limits and buy stops above—potential liquidity. If $86.00 holds, this could be the next target.

[FxNews]

Liquidity Hunt: Crude Oil's Next Target





FenzoFx—Crude Oil remains below the $64.19 resistance level. The Stochastic Oscillator is in overbought territory, and RSI 14 signals bearish divergence, suggesting a possible price dip.

Oil could briefly surpass $64.19 to grab liquidity before facing selling pressure. In this case, a drop toward the $61.72 support level may occur to fill the bullish fair value gap.

However, if Oil stabilizes above $64.19, the bearish outlook becomes invalid.

[FxNews]

XRP Holds Firm—Will Bulls Push It Higher?



FenzoFx—XRP bounced from the $2.08 weekly resistance, aligning with the bullish Fair Value Gap. Currently, XRP consolidates at $2.17, with key resistance at $2.21.

A breakout above $2.21 could trigger bullish momentum toward $2.27. However, if XRP closes below $2.08, the downtrend may resume, targeting $2.00.