Get started

Analysis

XAU/USD (Gold) Wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2678 2nd Support – 2692 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
9
AUDJPY Fall? And potential Stock Market correction?Potential short idea on AUDJPY Reasons for (potential) entry: - COT traders are buying JPY and selling AUD fairly aggressively - AUD cutting interest rates, JPY hiking interest rates - AUD could be under pressure due to reliance on China, who are facing economic uncertainty In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it. Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
Short
by ciantrades
7
EURCAD BUY | Idea Trading AnalysisEURCAD is moving in an UP trend channel. The chart broke through the dynamic Resistance line.. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
3
Fundamental Market Analysis for December 17, 2024 GBPUSDGBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders. what do you think about this chart. comment your opinion in the comment session. current price: 2658 today a temporary bullish retracement is possible as market could not breakout w1 candle. but market is still in its liquidity zone. if market pull backs from 2668 and 2675 then its next target will be 2635 which is our demand zone. key points: 2668. 2675 demand zone: 2643. 2632 like comment and thank you for support
TVC:GOLDShort
by LindaFxTrading
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle. Target Levels: 1st Resistance – 195.76 2nd Resistance – 196.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
30
AUDJPY Analysis - BuyAUDJPY Analysis Overview 1. Seasonality: AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment. JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal. --- 2. COT Report (Commitment of Traders): AUD: 4-week flip indicates a Sell bias. Non-commercial short positions are increasing, signaling bearish sentiment for AUD. JPY: 4-week flip indicates a Buy bias. Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY. --- 3. Fundamental Analysis: LEI (Leading Economic Indicator): AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure. JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status. Endogenous Factors: AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength. JPY: Increasing — Improving domestic conditions support JPY buying. --- 4. Exogenous Factors: GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD. --- 5. Technical Analysis: On the 1-hour chart: A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential. After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation. These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle. --- Bias: Buy Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Long
by asadamalik
NVIDIA set to make one more higher high to $165?Technical Analysis: ================ A series of higher highs and higher lows in Weekly Timeframe: NVIDIA has found support at $132, which previously acted as a resistance area during June, July, and August 24. If the stock continues to rise from this level, we could see another higher high (yellow cap) around $165. Alternatively, a deeper correction toward $104 could still be on the table if the support fails. Fundamental Analysis: ================== 1) If NVIDIA struggles, it would suggest AI's momentum is waning—which is clearly not the case. This downtrend might simply reflect profit-taking by large traders. 2) The "Santa Rally" is in play, and NVIDIA appears to be on the "nice" list, signaling potential upward momentum. 3) NVIDIA's Blackwell product line is expected to contribute significantly to profits in the next quarterly earnings, potentially providing a substantial boost to the stock. I bought NVIDIA stock at $145 and plan to hold sell at $160.
NASDAQ:NVDALong
by spranav
1
Fundamental Market Analysis for December 16, 2024 EURUSDThe Euro-dollar pair starts the week with continued gains, trading around 1.05200 during the Asian session on Monday. This rise can be attributed to the decline in the US Dollar (USD) amid lower US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision scheduled for Wednesday. The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting in 2024. Market analysts predict the U.S. central bank will cut rates but prepare the market for a pause given the strong U.S. economy and inflation stalled above 2%. According to CME's FedWatch tool, markets have already all but priced in the possibility of a quarter basis point rate cut at the Fed's December meeting. In addition, Fed Chairman Jerome Powell's press conference and dot plots will be closely watched. Earlier this month, Powell struck a cautious tone, saying, “We can afford to be a little more cautious in trying to find a neutral stance.” He indicated he was in no rush to cut rates. The euro gained support after President Emmanuel Macron appointed centrist ally Francois Bayrou as France's prime minister, raising hopes for political stability. Macron promised to quickly select a new candidate for the job after Michel Barnier was forced to resign following a confidence vote in parliament. Trading Recommendation: Watch the level of 1.05000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
WHERE WILL THE EUR GO NEXT?Trading Plan Baseline Short-Term Sentiment Bias: - Euro under pressure, trading below $1.05 due to ECB rate cuts and political uncertainty in France and Germany. - Markets expect an additional 50 basis points cut by February. Upcoming Risk Events : - German Manufacturing PMI (Dec): Previous: 43.0, Consensus: 43.1. - German Services PMI (Dec): Previous: 49.3, Consensus: 49.5. - Eurozone Flash Manufacturing PMI: Previous: 45.2, Consensus: 45.3. - Eurozone Flash Services PMI: Previous: 49.5, Consensus: 49.5. Surprise: Positive Surprise: - Outcome: PMI beats expectations. - Trade: Long EUR/CHF (bond yield spreads suggest upside). Negative Surprise: - Outcome: PMI misses expectations. - Trade: Quick scalp on EUR/NZD (slight downside based on bond yield spreads). Bigger Picture Macro-Fundamental Bias - ECB's Stance: Data-dependent approach, removed restrictive rate stance. - Inflation Outlook: Headline inflation projected to average 2.4% in 2024, decreasing to 1.9% by 2026. - GDP Revisions: Lowered to 0.7% in 2024 and 1.1% in 2025. - Market Expectations: Continued rate cuts expected due to weak growth and low inflation.
by Midas_Macro
Bearish Setup on EUR/USD After Rejection at Key ResistanceTrading Idea on 1-Hour Chart (H1): The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline. The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Technical Confirmation: Key Resistance Zone: The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening. Break-Retest Pattern: The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection. RSI Indicator: The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move. Summary: This idea is based on a bearish continuation pattern following rejection at a key resistance zone, supported by trendline retest and weakening bullish momentum. Confirmation on lower timeframes (e.g., M15) is recommended before entry.
Short
by Jose_ManuelR
Break down of SUSHI on 1 hour candlesStructure and Price Action: **Descending Triangle Resistance**: The chart shows price facing resistance along the **descending red trendline**, which forms the upper boundary of a **triangle pattern**. Sellers are consistently stepping in at lower highs. **Ascending Support Line**: The price is maintaining support along the green upward trendline, creating an **ascending triangle** structure. This suggests a potential breakout if buying pressure sustains. **Key Consolidation Zone**: Price is consolidating between **$2.10** and **$2.40**, with clear attempts to break resistance. The consolidation indicates indecision but also a build-up for a larger move. **Retest of Order Blocks**: Multiple **bullish order blocks** at $2.10–$2.00 have held as support, reinforcing buyer strength. Support and Resistance: **Immediate Resistance**: $2.40 (descending red trendline and prior swing high). **Key Support Levels**: $2.10: Primary ascending support line. $2.00: Strong structural support aligned with bullish order blocks. $1.80–$1.60: Secondary green support zone below the ascending trendline. Indicators: Moving Averages (EMA 20/50/100/200): Price is above the **EMA 20** ($2.15) and **EMA 50** ($2.16), confirming short-term bullish bias. The **EMA 100** ($2.08) and **EMA 200** ($2.07) are closely aligned, providing a strong support base if price pulls back. Money Flow Index (MFI): MFI is at **60.21**, showing moderate bullish momentum with room for price to move higher before overbought conditions are reached. Stochastic RSI: The Stochastic RSI is currently near **overbought territory** (100.00 and 99.89), suggesting a short-term pullback may occur if resistance holds. However, sustained buying pressure could keep the Stochastic RSI elevated. Volume: Volume remains stable but has declined slightly during consolidation, suggesting indecision. A volume spike on a breakout or breakdown will confirm the next move. Pattern Analysis: The **ascending triangle** pattern suggests bullish continuation, provided price breaks above the descending red trendline at $2.40. Failure to break resistance could lead to a test of lower supports around $2.10 or $2.00. Probabilistic Outlook: Bullish Breakout (Primary Scenario): If price breaks above $2.40 with strong volume, the ascending triangle confirms bullish continuation. Key upside targets: **First Target**: $2.60–$2.65 (next major resistance zone). **Second Target**: $2.80–$3.00 (psychological and prior highs). Bearish Breakdown (Alternate Scenario): If price loses support at $2.10 and $2.00, bearish momentum could build. Key downside targets: **First Target**: $1.80 (green support zone). **Second Target**: $1.60 (historical support and bullish order block). Key Signals to Watch: A breakout above $2.40 with rising volume = **Bullish continuation**. A breakdown below $2.10 = **Bearish reversal confirmation**. Monitor volume during any breakout or breakdown for validation. Conclusion: The chart is consolidating within an **ascending triangle**, with price facing resistance at $2.40. The overall structure remains bullish, and a breakout above $2.40 could lead to further upside toward $2.60–$2.80. However, failure to break resistance may result in a pullback toward $2.10 or $2.00 before the next directional move.
COINBASE:SUSHIUSD
by EncryptShawn
CVC due for a bullish break out?I like the project, blockchain identify services, needed to regulatory compliance for things like DEX for example. But CVC seems to have always struggled to get the love from the market, even now it is lagging the broad Crypto market run. Here is what the charts have to say. Structure and Price Action: **Breakout Above Descending Resistance**: The chart shows a breakout above the long-term **descending red trendline**, signaling a shift from bearish to bullish momentum. This is a significant move, as price is now retesting the breakout. **Red Resistance Zone**: Price has approached a strong **red resistance zone** around $0.22–$0.24. A decisive break above this level could open further upside. **Higher Highs and Higher Lows**: The price structure reflects a clear uptrend with consecutive **higher highs and higher lows**, which is a bullish signal. **Retest of Breakout Area**: The recent spike is now consolidating just below resistance, testing support at the prior descending red trendline. Support and Resistance: **Immediate Resistance**: $0.22–$0.24 (red resistance zone where sellers are active). **Key Support Levels**: $0.18: Support formed at the prior breakout area. $0.16: Strong support at the **green order block zone**. $0.12–$0.10: Key structural support aligned with prior lows. Indicators: Moving Averages (EMA 20/50/100/200): Price is above the **EMA 20** ($0.17) and EMA 50 ($0.16), confirming short-term bullish momentum. The **EMA 100/200** ($0.14 and $0.136) are now acting as strong support, aligning with previous demand zones. Money Flow Index (MFI): MFI is at **75.64**, which signals that price is approaching **overbought conditions**. This suggests potential short-term consolidation or a minor pullback. Stochastic RSI: The Stochastic RSI is currently near **overbought territory** (~63.85 and 59.58), indicating a slowdown in upward momentum. However, it still has room to push higher if bulls maintain control. Volume: Recent volume has increased significantly during the breakout, validating the bullish move. A volume decline during consolidation suggests profit-taking but no significant selling pressure yet. Pattern Analysis: The breakout above the **descending red trendline** signals a bullish reversal. The price is now consolidating near the red resistance zone, forming a potential **bullish flag** or consolidation pattern. Probabilistic Outlook: Bullish Continuation (Primary Scenario): If price breaks decisively above the $0.22–$0.24 resistance zone with volume, further upside is likely. Key upside targets: **First Target**: $0.26 (next resistance zone). **Second Target**: $0.30–$0.32 (historical resistance from previous highs). Bearish Pullback (Alternate Scenario): If price fails to break resistance and falls below $0.18, a pullback toward key supports is likely. Key downside targets: **First Target**: $0.16 (green order block). **Second Target**: $0.12–$0.10 (strong historical support and EMA 200). Key Signals to Watch: Breakout above $0.24 with strong volume = **Bullish continuation**. Breakdown below $0.18 = **Bearish pullback confirmation**. Monitor volume during consolidation to gauge buyer strength. Conclusion: The chart reflects a **bullish breakout** above descending resistance, with price now testing a key red resistance zone. A breakout above $0.24 could signal further upside toward $0.26 and $0.30. However, overbought indicators suggest caution, with potential for a pullback toward $0.18 or $0.16 before resuming the uptrend.
COINBASE:CVCUSD
by EncryptShawn
RNDR Chart AnalysisLets break it down: Structure and Price Action: **Rising Wedge Formation**: The chart shows a **rising wedge**, which is typically a bearish reversal pattern. Price is currently trading near the lower boundary of the wedge, increasing the likelihood of a breakdown. **Red Resistance Zone**: The price rejected the key **red resistance zone** between $10.0–$11.0, indicating strong selling pressure. **Higher Lows**: Despite rejection at resistance, the price has maintained **higher lows**, signaling bullish attempts to sustain the uptrend. **Bearish Momentum Developing**: Price is now testing the rising support line. A breakdown here could lead to a reversal toward lower levels. Support and Resistance: **Immediate Resistance**: $10.0–$11.0 (red resistance zone where sellers are dominant). **Key Support Levels**: $8.50: Rising support line and psychological level. $7.50–$7.00: Green order block area where buyers previously stepped in. Below $7.00: Strong support near $5.50–$5.00 (historical support zone). Indicators: Moving Averages (EMA 20/50/100/200): Price remains above the **EMA 20** ($8.96) and EMA 50 ($7.82), showing bullish bias in the short-term trend. The **EMA 100/200** at $7.03 and $6.68, respectively, provide stronger long-term support. Money Flow Index (MFI): **58.08** indicates neutral momentum but leaning slightly toward bullish, suggesting buyers still have some control. Stochastic RSI: The Stochastic RSI is currently near **oversold territory** (11.56), suggesting a potential bounce from support levels. However, if price fails to hold support, oversold conditions can persist, leading to further downside. Volume: Volume during the recent move upward has been declining, suggesting weakening bullish momentum. Watch for a volume spike on any breakout or breakdown to confirm direction. Pattern Analysis: The **rising wedge** pattern signals caution as it leans bearish. A breakdown below the wedge's lower trendline would confirm a reversal. Rejection at the red resistance zone strengthens the bearish outlook unless bulls regain control. Probabilistic Outlook: Bearish Breakdown (Primary Scenario): If price breaks below the rising support line (~$8.50), bearish momentum will increase. Key downside targets: **First Target**: $7.50 (order block zone). **Second Target**: $7.00–$6.50 (EMA 100/200 levels). **Third Target**: $5.50–$5.00 (major historical support). Bullish Continuation (Alternate Scenario): If price reclaims $10.0–$11.0 with strong volume, the uptrend will resume. Key upside targets: **First Resistance**: $11.50. **Second Resistance**: $12.00–$12.50 (previous highs). Key Signals to Watch: A breakdown below the rising support line (~$8.50) = **Bearish confirmation**. A breakout above $10.0–$11.0 resistance = **Bullish continuation**. Volume spike during breakout or breakdown will confirm the move. Conclusion: The chart shows a **rising wedge** with weakening bullish momentum, increasing the probability (~65–70%) of a bearish breakdown. A decisive break below $8.50 would target lower levels at $7.50 and beyond. Conversely, a breakout above $10.0–$11.0 could invalidate the wedge and continue the uptrend toward $12.00.
COINBASE:RNDRUSD
by EncryptShawn
1
NEARly all crypto charts look like this right nowI just looked at easily 50+ charts that all look pretty much identical to this chart. There is a good chance whatever one does, the others will follow mostly. If there is a break out, there should be systematically, dozens of breakouts that can be jumped on, all happening at varying times within a short time frame. Similarly, could be a pretty big broad market pull back where we should be hunting support lines to buy the dip. Here is general analysis on the chart. Structure and Price Action: Rising Wedge Breakdown: The chart shows a clear rising wedge pattern that has broken down decisively. Rising wedges are bearish patterns, and this confirms further downside potential. Downward Red Trendline: A clear descending resistance line has now formed, rejecting price attempts to climb higher. The recent price action shows consistent lower highs, reinforcing bearish momentum. Consolidation Zone: Price is currently consolidating near the $6.8 level, where it is testing both horizontal and diagonal support zones. Support and Resistance: Immediate Resistance: $6.9–7.0 (aligned with the descending red trendline and EMA resistance). Key Support Levels: $6.5: Current short-term support. Below $6.5: Next support around $6.0 and $5.5, where historical levels exist. Indicators: Moving Averages (EMA 20/50/100/200): Price is below the EMA 20 and EMA 50, which confirms short-term bearish sentiment. The EMA 100 and 200 are flattening around $6.9–7.0 and acting as strong resistance. Money Flow Index (MFI): 49.24 indicates neutral momentum, suggesting there’s room for a move either up or down, depending on breakout direction. Stochastic RSI: The Stoch RSI has just crossed upward from oversold territory, indicating a possible short-term bounce but not yet a reversal signal. If price fails to reclaim higher levels, this could be a false signal. Volume: The volume during the most recent downward move remains relatively high, confirming bearish pressure. Current low volume during the consolidation suggests indecision and potential for a breakout. Pattern Analysis: The combination of the rising wedge breakdown and the descending trendline suggests that bearish pressure is dominant. Current price action resembles a bearish pennant or continuation pattern within the broader downtrend. Probabilistic Outlook: Bearish Continuation (Primary Scenario): If price fails to reclaim $6.9–7.0 and breaks below $6.5, further downside is likely. Key downside targets: First Target: $6.0 Second Target: $5.5–5.3 Short-term Bounce (Less Probable): If Stochastic RSI momentum and MFI push price above the descending trendline (~$7.0), a short-term recovery may occur. Key upside targets: First Resistance: $7.0–7.2 Second Resistance: $7.5 Key Signals to Watch: A breakdown below $6.5 = Bearish confirmation. A breakout above the descending red trendline (~$6.9–7.0) = Short-term bullish reversal. Volume will confirm the breakout or breakdown direction. Conclusion: The chart remains bearish overall, with a high probability (~65–70%) of further downside unless price breaks the descending trendline with conviction.
COINBASE:NEARUSD
by EncryptShawn
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame. Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible: --- ### ** 1. Recent Price Action Context ** - **Uptrend before consolidation**: - The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward. - **Consolidation period**: - After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control. - **Large wick and recovery**: - A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects: - **Strong buying interest** after a sharp dip. - Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up. - This could signify the presence of **demand** at lower levels. --- ### ** 2. Trader Psychology ** - **Strong buyers early on**: - The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment. - **Indecision phase**: - The small-bodied candles (e.g., doji) represent a point of hesitation: - Bulls may be taking profits after the strong rally. - Bears attempt to sell but struggle to push prices lower. - **Large wick psychology**: - A large lower wick indicates that: - Sellers tried to break support but failed to sustain the move. - This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**. - Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone. --- ### ** 3. Key Observations from Price Action ** - **Support Zone**: - The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves. - **Bullish recovery**: - The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up. - **Volume**: - The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers. --- ### ** 4. What to Watch for Next ** 1. **Breakout vs. Reversal**: - If prices break above the recent consolidation range, expect a continuation of the uptrend. - Conversely, failure to break higher could lead to further consolidation or a potential reversal. 2. **Support Retest**: - Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish. 3. **Volume Confirmation**: - Continued bullish price action with strong volume would confirm buyer strength. --- ### ** Conclusion ** The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move. Always feel free to like and comment here. We would love to hear you and respond. Best Wishes, Team StoxWare
NSE:BANKNIFTYLong
by Stox_Ware
AAVE/USDT 4-Hour Chart Analysis- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support. - Support Levels: $344.42: Previous resistance turned support after the breakout. ~$332.81: Fibonacci retracement level at 0.236. ~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past. - Resistance Levels: ~$389.06: Current price level, acting as immediate resistance. ~$397.51: Next psychological resistance, slightly above the current price. - Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51. Key levels include: 0.236 at $332.81 0.382 at $323.56 0.5 at $315.06 0.618 at $306.23 0.786 at $293.42 - Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points. - Moving Averages: The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend. - Strategy: -- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest. -- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets. - Risk Management: Always use stop-loss orders below key support levels for long positions to manage risk. For short positions, set stop-losses above resistance levels to protect against unexpected breakouts. - Outlook: Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond. Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56. Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions. This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
by Alireza-Abedi
HelenP. I Bitcoin can enter to resistance zone and then dropHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rebounded from the trend line and started to grow to the support level, and when the price reached this level it some time traded in the support zone. Later BTC broke the 90500 level and started to trades inside consolidation, where it little more time traded near the support level and then rebounded up to the resistance level. After this, the price rebounded from that level, which coincided with the top part of the range with the resistance zone, and made a correction to the support level. Then, BTC bounced from the support level and soon backed up to almost the 99500 resistance level. Next, the price repeated movement and later broke the resistance level, exiting from consolidation and even rising higher than the resistance zone. But soon, the price turned around and dropped to the trend line, breaking the resistance level one more time, after which at once rose back to this level. Now, the price continues to trades very close to the resistance level, so, I expect that BTCUSDT will enter to resistance zone and then drop to the trend line. That's why I set my goal at 94700 points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
12
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap. After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level. Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points. But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area. Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line. I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3