Insights from the Market Desk by FenzoFx.com

[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]

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]

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]

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]

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]

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]

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]

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]

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]

GBP/JPY: Bullish Void Supports Pullback Scenario





FenzoFx—GBP/JPY resumed its uptrend after filling 75% of the daily opening gap on November 5, now trading inside the bearish fair value gap with resistance at 203.10 and 203.50. A bullish liquidity void at 201.30 suggests a potential pullback before further upside. This zone offers a discount entry into the bull market.


Technically, the pair is overbought, and going long now carries high risk. A correction toward 201.90 and 201.30 is preferred before considering upside targets. If buying pressure persists, GBP/JPY could tap liquidity above 204.20 and extend toward 205.30.