J.J. Edwards’ Market Analysis at FenzoFx

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GBP/JPY: Key Levels to Watch: 199.53 and 198.3​

FenzoFx—GBP/JPY trades sideways after dropping below 198.59.The recent momentum shift formed a bearish order block at 199.53. The outlook stays bearish if price remains below this level.

The 4-hour chart reveals equal lows at 198.3, a key target. For the bearish trend to continue, price must stay under the midpoint of the order block. If selling pressure persists, 197.85 is the next target. A break above 199.53 would invalidate this setup.

 

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Gold Rejects Daily Highs​

FenzoFx—Gold swept liquidity above the daily highs at $3,407.40 before retreating below this level. Prior to this move, Gold formed equal lows at $3,393.70, a level likely to be targeted next.

From a technical standpoint, this suggests potential downside. If selling pressure continues, XAU/USD could slide toward the next support at $3,384.50.

 

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Bitcoin’s Temporary Rebound Targets Key Highs​

FenzoFx—Bitcoin remains bearish, though the downtrend paused after tapping equal lows at $107,268.0. BTC has since flipped above the recent fair value gap near $110,200.0.

We anticipate the downtrend will resume, targeting the bullish order block at $105,119.0. BTC/USD may rise toward $112,200.0, followed by equal highs at $113,677.0.

Once these levels are swept, the bearish trend is likely to continue. Traders and investors should monitor these key zones for potential bearish setups.

 

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Ethereum Eyes Resistance Amid Bearish Outlooks​

FenzoFx—Ethereum is consolidating after forming a triple bottom at equal lows of $4,207.0. It recently tapped the mean threshold of the inverted fair value gap near $4,400.0. Momentum picked up after ETH swept liquidity below $4,257.0, suggesting a potential move toward equal highs at $4,516.0.

However, this uptick doesn’t signal a market structure shift. The broader outlook remains bearish until Ethereum revisits the equal lows at $4,207.0, where significant stop orders have accumulated, especially since Monday.

 

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XRP: Bullish Setup Forms Above $2.833​

FenzoFx—XRP extended its downtrend to the August low of $2.727, briefly sweeping below. On the 4-hour chart, three equal highs at $3.105, $3.145, and $3.348 suggest a bullish setup. Immediate resistance sits at $2.833.

A bullish wave may emerge if this level is engulfed with a fair value gap, targeting $2.915. A strong exit above $2.195 could push toward $3.105 and $3.145.

 

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Litecoin Eyes Higher Resistance​

FenzoFx—Litecoin’s bearish momentum eased after sweeping the $106.80 low in New York’s late PM session. The price is now stabilizing above the inverted fair value gap at $111.90.

While BCH and XRP surged yesterday, Litecoin lagged. However, equal highs at $114.30 and $123.30 suggest potential upside. LTC/USD could reach $116.30, and if buying pressure continues, a rally toward $123.30 is likely.

Note: The bullish outlook is invalidated if the price dips below $106.80.

 

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Bitcoin Cash Holds Bullish Structure​

FenzoFx—Bitcoin Cash slipped nearly 3.00% after approaching $607.60, now trading around $586.00. The bullish outlook holds while BCH stays above the inverted fair value gap, with key support at $568.00.

Consolidation near or within the FVG is expected before a potential rebound. If the mean threshold holds, BCH could aim for $626.00. A drop below $568.00 would invalidate the bullish scenario.

 

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Bitcoin: Liquidity Below $107K Signals Bearish Risk​

FenzoFx—Bitcoin formed a double top at $113,480.00 and is trading lower, up 0.80% today. The chart shows equal lows at $107,507.00, indicating unabsorbed liquidity below. Technically, Bitcoin may drop to fill the bullish fair value gap near $103,500.00, if BTC/USD closes below the $109,993.00 resistance.

This bearish outlook is invalidated if Bitcoin closes and stabilizes above $113,480.00. In that case, the next bullish target could be $117,416.00.

 

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Litecoin Stabilizes After Liquidity Sweep​

FenzoFx—Litecoin trades sideways, up nearly 1.0% today, currently around $113.80. The recent momentum may stem from the liquidity sweep below $106.80 on September 1st. However, RSI hovers above 70.0, indicating overbought conditions.

Immediate resistance stands at $116.30. Technically, Litecoin hasn’t cleared significant buy-side liquidity, so we remain neutral until price reaches this level. The resistance appears to be the next target following the sell-side liquidity sweep.

 

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Ethereum Accumulation and Bullish Setup​

FenzoFx—Ethereum is currently trading sideways, indicating an accumulation phase. On Monday, price swept equal lows and formed a long-wick bullish candlestick. The 4-hour chart shows two engulfing candles that cleared liquidity on both sides.

Technically, the market remains bullish and is consolidating. If momentum continues, ETH/USD may target the equal highs near $4,500. A confirmed close above the immediate support at $4,384 would validate this bullish outlook.

 

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XRP Forms Head and Shoulders at Premium​

FenzoFx—Ripple (XRP) displaced above $2.900, confirming a bullish trend. It now trades around $2.978, filling a bearish fair value gap and forming a head and shoulders pattern. On the 4-hour chart, equal lows at $2.934 and a liquidity void at $2.912 suggest a potential downside move.

Please note that $2.912 remains in the premium zone, however, it could trigger a bullish wave targeting $3.037. A break below $2.912 may extend the decline toward the fair value gap at $2.837. Traders should monitor these levels closely for bullish setups.

 

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Bitcoin: Bullish Bias Strengthens​

FenzoFx—Bitcoin remains bullish, targeting recent highs at $117,416.00. Currently, BTC is consolidating near $115,000.00, aligning with a bullish fair value gap and support at $114,464.00. Today’s liquidity sweep below the FVG’s mean threshold reinforces the bullish bias.

Immediate resistance stands at $115,652.00. A break above this level may resume the uptrend toward $117,416.00. However, if price drops below $114,464.00, the bullish outlook should be reconsidered.

 

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Bitcoin Cash Holds Bullish Structure​

FenzoFx—Bitcoin Cash is consolidating near $592.00 after sweeping liquidity above $607.60. Price is declining toward a bullish fair value gap, with support at $507.00 still holding the bullish outlook intact.

Immediate resistance is at $600.5. A close above this level could extend the bullish rally toward $626.00. The inverted FVG left after crossing $507.00 reinforces the bias.

Note: The bullish scenario should be invalidated if price flips below $570.00.

 

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Ripple Pauses After Hitting $3.158​

FenzoFx—Ripple (XRP) is trading bullish but paused after reaching $3.158. It now trades around $3.037, above the inverted fair value gap. On the 4-hour chart, equal lows at $2.934 may form a liquidity pool. Current bearish momentum respects both a valid 'bearish' order block and the 'bearish' fair value gap.

If price closes below $2.965, the downtrend may resume toward $2.934 and possibly extend to $2.837 if selling pressure increases. Conversely, a close above $3.077 could reignite the uptrend, targeting $3.158 and $3.271.

 

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Solana: Daily Inside Candle Signals Next​

FenzoFx—Solana is in a bull market and made a new high at $250.0. As of this writing, the cryptocurrency trades above the mean threshold of the bullish fair value gap at $234.0. Yesterday, the daily chart made an inside candle, meaning a new bullish/bearish wave is on the way. This consolidation could lead to a significant drop or a break of the highs.

The immediate support rests at $229.1. The bullish outlook remains valid as long as the price is above this level. In this scenario, we expect SOL/USD to target 50.0% of the wick at $246.5.

Please note that the bullish outlook should be invalidated if the price dips below $229.1.

 

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Litecoin: Support at $112.10 Key to Continuation​

FenzoFx—Litecoin continues its bullish structure, trading around $116.4 after forming a double bottom below $113.00. This move led to a close above the bearish order block at $117.00, reinforcing bullish sentiment. Immediate support is at $112.10. If this level holds, LTC/USD may resume its uptrend, targeting the equal highs at $123.40.

However, if price declines and stabilizes below $112.10, the bullish outlook will be invalidated. In that case, Litecoin could consolidate toward the next support at $106.80.

 

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Crude Oil: Bearish FVG in Play Amid Consolidation​

FenzoFx—Crude Oil is trading at $64.18, slightly below the bearish fair value gap. The sweep of yesterday’s lows suggests potential for a test of higher resistance. Immediate support is at $63.80. If this level holds, Oil may fill the bearish FVG and test resistance at $65.00. A break above could extend gains toward $66.50.

However, if price declines and stabilizes below $63.80, the bullish outlook is invalidated. In that case, the downtrend may resume, targeting the equal lows at $62.20.

 

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Ethereum Tests Key Support at $4,535​

FenzoFx—Ethereum’s downtrend eased after hitting the bullish breaker at $4,425.00. It currently trades near $4,540.00, down 1.00% today. Immediate support lies at $4,535.00. A close below this level could extend the decline toward the equal lows at $4,425.00 and possibly $4,240.00.

The bearish outlook remains unless Ethereum exceeds $4,700.00 and closes above the bearish fair value gap.