J.J. Edwards’ Market Analysis at FenzoFx

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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.

 

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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.

 

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Bitcoin’s Bearish Signal: Key Levels to Watch​

FenzoFx—Bitcoin consolidates near $104,225 after breaking below the bullish trendline, signaling a possible break of structure. This level acts as immediate support, and a bearish wave could form if BTC closes below it, targeting the $101,880 demand zone.

The bearish outlook remains valid unless Bitcoin surpasses $108,215. If broken, price could rise toward $111,800.

 

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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.

 

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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.

 

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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.

 

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Crude Oil Tests Monthly High—Bullish or Liquidity Grab?​

FenzoFx—Crude Oil broke above its previous monthly high at $64.61, trading around $65.27. While a bullish trend is indicated by a 23,000 increase in buy-side contracts, technical signals suggest caution.

RSI 14 shows bearish divergence, and the Stochastic Oscillator remains overbought. Oil could consolidate before resuming its uptrend. Buying breakouts isn’t advised. A dip toward $63.02 may offer a discounted entry.

 

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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.

 

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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.

 

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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.

 

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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.

 

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Ethereum's Monthly High Rejection: Is a Bearish Wave Coming?​

FenzoFx—Ethereum tested and swept the monthly highs at $2,813 but failed to sustain its bullish momentum. The 1-hour chart formed a bearish fair value gap, signaling increasing selling pressure.

Currently, Ethereum trades slightly below the monthly high at approximately $2,806, with immediate resistance at $2,813. If this level holds, ETH/USD could target the 50.0% retracement zone near $2,640.

 

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XRP: Selling Pressure Could Push Price to $2.22​

FenzoFx—Ripple (XRP) is testing the $2.34 resistance zone, marked as a key level by the Volume Profile Indicator. RSI 14 shows bearish divergence, while the Stochastic oscillator remains in overbought territory, signaling potential selling pressure.

If $2.34 holds, a bearish wave could target $2.26, with further downside to $2.22 if selling pressure persists.

 

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BTC/USD Faces Key Support—What’s Next for Bitcoin?​

FenzoFx—Bitcoin dipped from its $112,000 monthly high, now trading near $104,900. Liquidity was swept, forming immediate support at $102,746.

Stochastic signals an oversold market, suggesting potential consolidation or an uptrend resumption. BTC/USD must close above $105,706 for bullish momentum, targeting $112,000.

A rejection at $102,746 may invalidate bullish outlooks, driving BTC toward $100,377.

 

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LTC/USD Oversold—Is a Rebound Coming?​

FenzoFx—Litecoin swept liquidity below the previous week's low, aligning with the monthly low at $81.01, a strong support zone. LTC trades near $83.70 with weak bullish sentiment. Stochastic at 11.00 signals an oversold market, suggesting potential consolidation or a rebound.

A bullish wave may emerge if LTC holds above $81.01, targeting $91.92. Closing below this level invalidates the bullish outlook.

 

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Oil Price Rally Stalls at $77.72, Just Below 2025 High—Will a Pullback Follow?​

FenzoFx—Oil prices resumed their bullish trend, accelerating after geopolitical tensions in the Middle East. The rally paused at $77.72, just below the 2025 high. RSI 14 indicates an overbought market, while volume accumulation at $73.7 suggests possible sell orders. A consolidation phase is likely before further gains.

If oil pulls back, key demand zones at $64.00 and $66.00 offer bullish opportunities, with a potential move toward the 2025 high at $80.59.

 

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Ethereum Consolidates: A New Bearish Target Could Be on the Horizon​

FenzoFx—Ethereum faced rejection at $2,813, triggering a downtrend before stabilizing near the bullish FVG. ETH/USD now trades at $2,566, recovering some losses.

Immediate resistance is at $2,395, but liquidity sweeps make it fragile. A rise toward $2,700 could precede another bearish wave. If selling pressure persists, ETH may drop to $2,395 or further to $1,910.

 

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GBP/JPY Tests 196.4​

FenzoFx—GBP/JPY is testing the 196.4 monthly high, a fragile resistance after four previous attempts. On Friday, bulls pushed higher with a long-wick candlestick, but the Stochastic Oscillator signals an overbought market.

The bullish trend remains intact if GBP/JPY holds above 193.8 support. A breakout above 196.4 may target 198.3, while closing below support could shift momentum downward.

 

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Bitcoin Cash Nears $485—Will BCH Hold Its Gains?​

FenzoFx—Bitcoin Cash remains bullish, nearing the previous monthly high at $485.0, though overbought conditions signal possible consolidation.

BCH/USD may stabilize around $431.0 before resuming its uptrend toward $485.0. A break above this level could pave the way for $568.0. The bullish outlook holds as long as BCH stays above $349.0.

 

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Crude Oil Tests $74​

FenzoFx—Crude Oil climbed to $74.0, testing the bearish Fair Value Gap and a high-volume zone.

The Stochastic Oscillator signals an overbought market, suggesting possible consolidation. Oil could dip toward the previous daily low if $74.0 holds as resistance during the NY session.

A breakout above $74.0 would invalidate the short-term bearish outlook.