HelenP. I Bitcoin can drop from resistance level to $98K pointsHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the support level, which coincided with the support zone, and started to trades close. A few moments later, BTC rebounded to 100K points, after which made a correction back to the 93500 support level and even fell to the support zone. After this, the price turned around and started to grow to a resistance level. When BTC reached this level, it rebounded, dropped back to the support zone, and even lowered to 91K points. Then the price tried to grow, but failed and declined to the trend line. But soon, the price turned around and made a strong impulse up to the resistance level, which coincided with the resistance zone, broke this level, and continued to move up. Bitcoin reached a new ATH and then made a correction back to the resistance area, where it some time traded and a not long time ago reached the trend line, broke it, and dropped below the 102700 level, breaking it too. So, in my mind, BTCUSDT will reach a resistance level and then rebound down. For this case, I set my goal at 98K points. If you like my analytics you may support me with your like/comment ❤️
Analysis
DEGEN/USDT Technical Analysis✅Key Support Zone: $0.0058 - $0.0062
✅ Major Resistance Levels:
First Target: $0.0154
Second Target: $0.0220 - $0.0228
Final Target: $0.0256
📉 Market Structure:
The price is currently testing a strong historical support zone around $0.0060, which has previously acted as a demand level.
A potential double bottom formation could be developing, signaling a possible trend reversal.
If the price holds above the white support zone, we might see a bullish bounce towards the next resistance levels.
📈 Bullish Scenario:
A breakout above $0.0075 and a successful retest would confirm bullish momentum.
If the price sustains the higher low structure, it could target $0.0154, then $0.0228 in the mid-term.
🔻 Bearish Risk:
A breakdown below $0.0058 could invalidate this setup, leading to further downside.
Watch for volume confirmation before taking any trade.
⚠️ Trading Strategy:
🔹 Long Entry: After confirmation of a bounce from support.
🔹 Stop Loss: Below $0.0055 to manage risk.
🔹 Take Profit Targets: $0.0154, $0.0228, and $0.0256.
NVIDIA is DONE? Or it is a good entry point? NVIDIA: Analyzing the Recent Price Drop and Long-Term Prospects
Greetings, this is Ronin. Today, we’ll dive into what happened yesterday with NVIDIA’s stock and why market panic is no reason to surrender. Let’s break down the situation step by step to understand the real drivers behind this decline.
What Happened?
Yesterday, the market was shaken by news from China: the development of a new artificial intelligence (AI) system that is cheaper to build and requires fewer computational resources. In response, NVIDIA’s stock plummeted, triggering concern among investors.
The key issue fueling the sell-off was fear of an AI sector revaluation. After NVIDIA’s meteoric rise of +200–300% over the past two years, even the slightest doubt can cause significant price fluctuations.
However, let’s not view the market through a lens of panic. Drops like this are temporary corrections, and here’s why NVIDIA remains a powerhouse in its industry.
Market Volatility: A Natural Phenomenon
Imagine a river encountering a sudden boulder. The current becomes turbulent, water splashes and roars, but eventually, the river finds its way forward. Similarly, in the market, fundamental news about technological breakthroughs can stir things up, but capital always flows back to strong, stable assets.
Looking at NVIDIA’s chart, we can identify several local support levels where prices have repeatedly rebounded during past periods of market turbulence. These levels indicate that the current panic is not a collapse but rather a pullback within a long-term trend.
Why NVIDIA Remains Strong
Beyond Artificial Intelligence
NVIDIA’s products are not limited to AI development; they are integral to numerous high-tech sectors:
GPUs that are the gold standard in the gaming industry.
Solutions for data centers, automotive industries, and cloud computing.
Trump’s AI Investments
Former President Donald Trump recently announced a $500 billion investment in the U.S. AI sector. This substantial funding will bolster domestic demand for NVIDIA’s products.
Technological Leadership
NVIDIA produces processors unmatched in performance. Even if Chinese AI outperforms in certain areas, no country will completely dethrone NVIDIA. Competition? Yes. Dominance? Unlikely.
Long-Term Forecast
Short-term pullbacks are a natural part of market cycles. When news sparks panic, assets that previously showed enormous growth inevitably experience corrections. However, this does not negate long-term potential.
Key Figures:
2-Year Growth: +200–300%.
Current Correction: -12% in a day.
Long-Term Growth Outlook: NVIDIA’s annual revenue growth is still expected at 30–40%, according to analysts.
NVIDIA’s stock drop is a temporary event driven by short-term revaluation. Once liquidity returns and the panic subsides, the stock is poised to resume its upward trajectory.
Conclusion
The market has always been a stage for emotions to play out. But a true trader knows: when everyone is panicking, it’s time to act.
Chinese AI? It’s just another player entering the vast technological field. NVIDIA, on the other hand, remains a titan that sets the standard.
Panic comes and goes, but trends endure. With NVIDIA, we’ll witness many more peaks. This is Ronin. See you at the top of the charts! 📈💎
Is DeepSeek really a threat to Nvidia?There are so many opinions circulating the internet right now, that it is difficult to get our heads around. Here is our opinion on what could happen with NASDAQ:NVDA stock in the near future.
Let us know what you think in the comments below.
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GOLD - Price can break mirror line and fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price broke $2585 level and entered to flat, where it continued to grow and reached $2720 level.
After this, price made a correction movement, after which some time traded and then bounced back.
Then Gold turned around and in a short time declined to $2585 level, after which started to move up between mirror line.
Price rose to $2720 level one more time and then broke it, thereby exiting from flat too and then continuing to grow.
But a not long time ago Gold started to decline and at the moment it trades almost near to mirror line.
Possibly, price can rise a little and then fall to $2720 level, breaking mirror line one more time.
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China strikes NVIDIA: The company loses nearly $500 billionThe stock price of #NVIDIA fell by 13.93%, closing at $118 on January 27 , following the success of Chinese startup DeepSeek in artificial intelligence.
The plunge in NVIDIA’s shares was triggered by the rising prominence of DeepSeek, whose AI model R1 surpassed OpenAI in key metrics, raising concerns over the U.S.’s leadership in IT technologies. The market capitalization of companies like NVIDIA dropped by over $1 trillion.
Last week, DeepSeek unveiled an updated model capable of providing reasoning-based answers, while its development costs remain significantly lower than those of competitors. This has raised doubts about the necessity of high investments in AI accelerators. Satya Nadella of Microsoft highlighted the importance of carefully analyzing developments from China.
DeepSeek’s advancements have disrupted the AI market, leading to a sell-off of U.S. tech stocks. Futures on the NASDAQ-100 (#NQ100) fell by 4%, while shares of European and Japanese semiconductor and tech companies also declined.
NVIDIA is facing significant market challenges, which are already impacting its future prospects. However, the demand for innovation may open new avenues for growth.
Fundamental Market Analysis for January 28, 2025 USDJPYThe Japanese yen (JPY) weakened during the Asian session on Tuesday, moving away from the six-week high recorded earlier against the US dollar (USD). The weakening was driven by investor concerns over the impact of US President Donald Trump's trade policy. Tougher rhetoric on trade tariffs, in particular statements about new duties, undermined the yen's position as a defensive asset. An additional pressure factor was the rise in US Treasury bond yields, which attracted capital flows into dollar assets.
Amid the recovery of the US dollar, which reached the lowest level since 18 December, the USD/JPY pair approached 155.00. Despite the current weakness of the yen, analysts believe that its significant decline is unlikely. This is due to expectations that the Bank of Japan (BoJ) will continue to raise interest rates, supporting the national currency.
On the other hand, the US Federal Reserve (Fed), according to forecasts, may cut interest rates twice in 2025, which will put pressure on the dollar. A rate cut could reduce the attractiveness of US assets and hamper further growth of the USD/JPY pair.
Investors will closely follow macroeconomic data and speeches of central bankers. USD/JPY is expected to remain in the range of 154.50-155.50, but any change of rhetoric from the Fed or BoJ can significantly affect the market dynamics.
Trade recommendation: Watching the level of 155.00, trading mainly with Sell orders
XAG/USD Channel Breakout (28.1.2025)The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 29.26
2nd Support – 28.88
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USD/JPY -H1- Bearish FlagThe USD/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 154.30
2nd Support – 153.52
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XAUUSD Analysis: Potential Bearish Pullback Towards Key Support📉 XAUUSD Daily Analysis 🔍
🚨 Potential for a Bearish Pullback 🚨
Gold (XAUUSD) is showing signs of a potential downward move after rejecting a key resistance level. If this momentum continues, we could see the price heading towards the support zone at 2680/2670.
💡 Key Insights:
📌 Market rejection at resistance = possible bearish momentum.
📌 Target support area: 2680/2670.
📌 Risk Management: Stick to 1-2% risk on trades.
⚠️ Historical Note:
When the market last hit an all-time high, it saw a sharp one-day drop. Stay cautious!
💬 Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively.
USD/CHF Poised for a Bullish Breakout: Path to Parity Bullish Scenario 🚀📈
1. Breakout Above the EMA (200) 🔺:
If the price closes above the 200-week EMA (0.9082), it could confirm a long-term bullish trend reversal.
A strong push may target key levels like 0.9500 and eventually 1.0000 (parity) 🎯, as shown by the projection arrow.
2. RSI Support 💪:
The RSI above 50 indicates that buyers are gaining momentum.
If RSI trends toward 70, it signals even stronger bullish momentum ✅📊.
3. Higher Highs and Higher Lows 📶:
The chart is forming higher highs and higher lows, a classic signal of an uptrend.
This pattern supports a move toward higher price levels 🚀.
🔥 Key Takeaway: A breakout above the EMA could spark a powerful rally, with parity (1.0000) as a major psychological target.
USD/JPY Market Update: Support Holds and Resistance Levels AheadUSD/JPY has held firm at the support level and is now returning to a buy zone. Currently, the market is at 156.500, with the next resistance level set at 159.000.
I’ve explained the market clearly in my chart analysis for easier understanding.
If anyone has questions, feel free to ask in the comments or send me a message in my inbox.
Thank you for your support—like, comment, and follow for more updates!
XRP 1HR ANALYSIS 🚨 XRP 1-Hour Analysis 🚨
Here’s what we’re watching:
📈 Upside Targets:
• TP1: 3.39
• TP2: 3.67
📉 Downside Targets:
• TP1: 2.88
• TP2: 2.60
So we have to watch out for level. If XRP stays below 3.11- 3.07 then you can target downside targets and if above then you can target above levels mentioned as TP(take profit)
Keep an eye on key levels and trade smart! 💹
Does WTI Oil have enough energy to travel back up?After an unsuccessful breakout in mid-January, MARKETSCOM:OIL made its move back down. That said, it's currently finding support near the 200-day EMA. On one hand, it may seem that this is the place for a potential rebound, however, the bulls should not get their hopes up, because there some indication for a possible drift further south. Take a look at the video idea.
TVC:USOIL
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74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
USDILS - At Clear Support Zone. Towards 3.61000?FOREXCOM:USDILS is at a support zone that has consistently acted as a reversal point for bearish trends. The current market structure suggests that this support zone could once again provide a potential buying opportunity—provided that there is clear bullish confirmation.
If buyers confirm their presence with signals like long lower wicks or bullish engulfing patterns, we could see a move toward 3.61000.
However, a break below this support would invalidate the bullish scenario and signal potential for further declines.
Key Levels to Watch:
Bullish Target: 3.61000
Stop Loss: Below the support zone
Patience is crucial—wait for clear bullish confirmation before entering long positions. What’s your view on this setup? Share your thoughts in the comments!
Analysis for ETH/BTC Pair:Support Zone:
The price is currently hovering near a significant historical support zone between 0.030 and 0.032.
This zone has previously acted as a major accumulation area, leading to upward moves in the past.
Potential Scenarios:
Bullish Case:
If the support zone holds and buying momentum increases, the price could begin to rebound.
The first target for an upward move is around the 0.048 level, aligning with a previous resistance zone and a key Fibonacci retracement area.
Beyond that, 0.075 could serve as the next major resistance if the bullish momentum persists.
Bearish Case:
If the support zone fails, a downward continuation could push the price toward 0.019.
This level aligns with historical lows and could act as the next significant support.
Market Structure:
The pair appears to be in a long-term downtrend, but the current consolidation within the support zone suggests a potential reversal or continuation decision point.
Key Levels to Watch:
Support: 0.030–0.032
Resistance: 0.048 (short-term), 0.075 (long-term)
Breakdown Target: 0.019
Trend Indicators:
Monitor the price action closely around the support zone. A strong bounce with volume could confirm a bullish reversal.
A breakdown below 0.030 with high selling pressure would indicate further downside.
Conclusion:
For Bulls: Focus on maintaining the support zone and breaking above 0.035 for confirmation of a reversal.
For Bears: Watch for a loss of the 0.030 support to target deeper lows.
Keep an eye on BTC dominance and overall market sentiment for further validation of these moves.
Fundamental Market Analysis for January 27, 2025 GBPUSDGBPUSD:
The GBP/USD pair starts the new week on a weaker note and loses some of Friday's strong gains to the psychological 1.25000 mark, or nearly three-week peak. Spot prices are currently trading around 1.24600, down 0.20% on the day amid modest US Dollar (USD) strength, although the decline is not accompanied by any selling or bearish conviction.
The US Dollar Index (DXY), which tracks the dollar against a basket of currencies, is recovering from a more than one-month low amid a flight to safety triggered by US President Donald Trump's decision to impose duties on imports to Colombia. Trump imposed 25 per cent tariffs on all imports from Colombia after the latter refused to allow two US military planes carrying deported migrants to land in the country. Trump also warned that the tariffs would be increased to 50 per cent next week if there was further non-compliance, fuelling fears of global trade wars and dampening investor appetite for riskier assets.
However, significant US dollar strength seems unlikely amid rising bets that the Federal Reserve (Fed) will cut borrowing costs twice before the end of this year amid signs that US inflationary pressures are easing. Expectations were further heightened following comments by Trump last Thursday, who said he would call for an immediate cut in interest rates. This led to a fresh drop in US Treasury bond yields, which should curb further dollar strength. In addition, uncertainty over the prospects of a rate cut by the Bank of England (BoE) in February is helping to limit GBP/USD losses.
Trading recommendation: Trade mainly with Sell orders from the current price level.
FLOCKUSDT: Can Bulls Hold After a 60% Slide?Introduction :
The cryptocurrency market never rests, and today, all eyes are on FLOCKUSDT, currently trading at $0.1439, down a sharp 60.88% from its all-time high of $0.3679 set just 16 days ago. After bouncing 29.17% from its absolute low of $0.1114 just five days ago, the question looms: is the asset primed for recovery, or are sellers merely taking a breather?
Technical indicators present a mixed narrative. The RSI14 sits at an oversold 29.81, signaling potential upward momentum, but MFI60 at 44.23 suggests a lack of significant inflows. Meanwhile, the MA50 has dipped below the price, currently at $0.1611, posing a looming resistance zone.
Adding to the intrigue, recent candlestick patterns, such as "Sell Volumes Take Over," indicate heightened sell pressure, yet directional cues hint at bullish reversals. With resistance looming at $0.1757 and strong support at $0.1355, the stage is set for a decisive move.
Could this be a pivotal moment for traders to capitalize on a reversal? Or does the market have further downside risk before a meaningful bounce? Either way, this could be the key moment to act, as the opportunity may not wait for long. Stay tuned for the in-depth breakdown.
Roadmap of Recent Patterns: FLOCKUSDT Action Sequence
Sell Volumes Take Over (2025-01-26 11:00 UTC)
The session started with a "Sell Volumes Take Over" pattern, hinting at a Buy direction. This was validated as the price ticked up slightly, opening at $0.1459 and closing at $0.1461, above the low of $0.1432. While movement was minimal, the bulls attempted to reclaim momentum.
Increased Sell Volumes (2025-01-26 10:00 UTC)
A bearish setup followed, forecasting a Sell. Price action aligned with this, as it opened at $0.1460, dipped to $0.1453, and closed marginally lower at $0.1459. Bears gained slight traction, confirming the pattern’s effectiveness.
Increased Sell Volumes (2025-01-26 04:00 UTC)
The selling spree continued, with another Sell setup. However, the low remained consistent at $0.1481, suggesting consolidation. The lack of strong directional movement hinted at the market waiting for a more decisive trigger.
VSA Buy Pattern Extra 1st (2025-01-25 12:00 UTC)
This pattern marked a pivotal point, suggesting a Buy movement. The price closed at $0.164, slightly higher than its open of $0.1651, signaling accumulation and anticipation of a bullish breakout.
VSA Manipulation Buy Pattern 3rd (2025-01-23 09:00 UTC)
This powerful Buy pattern forecasted a strong upside. The price soared from $0.2048 to $0.2251 within hours, breaking resistance and confirming the main direction. Bulls dominated, as the predicted movement unfolded with textbook precision.
Sell Volumes Take Over (2025-01-23 05:00 UTC)
Despite a Buy setup forecast, the price trajectory shifted to a retracement phase. Closing at $0.2251, this marked the beginning of consolidation, showing the pattern’s partial alignment.
Increased Sell Volumes (2025-01-23 04:00 UTC)
This Sell pattern demonstrated textbook accuracy as the price opened at $0.2246 and fell to $0.2135, confirming bearish pressure.
Increased Buy Volumes (2025-01-23 03:00 UTC)
A Buy direction emerged, and the price shot up from $0.2137 to $0.2246. This movement strongly aligned with the predicted direction, showcasing an excellent opportunity for short-term bulls.
Technical & Price Action Analysis
Support Levels:
0.1355 – A key area for buyers to step in. If it doesn’t hold, expect it to flip into resistance.
0.1257 – The last line of defense before sellers take full control.
Resistance Levels:
0.1757 – A significant ceiling for bulls to conquer; failure here means this level becomes a hard barrier.
0.2525 – Watch closely; breaking this could ignite strong momentum.
0.2829 – A formidable wall for buyers; bears likely waiting to defend.
0.3042 – If bulls reach here, it’s a breakout or bust situation.
Powerful Support Levels:
Currently, no additional zones stand out, but stay alert for any emerging price action signals.
Powerful Resistance Levels:
None observed at the moment, leaving room for price discovery if major resistance levels are breached.
Note:
If these levels fail to hold or break, expect them to act as reversal zones, flipping from support to resistance or vice versa. Use these levels to plan entries and exits, and don’t forget to manage your risk – the market loves to test traders' resolve!
Concept of Rays: Precision in Probabilities
Optimistic and Pessimistic Scenarios
Optimistic Scenario:
If price interacts with the 0.1355 support level, marked by a descending Fibonacci ray, and shows a bullish confirmation, the movement is expected to test the next ray intersecting at the 0.1757 resistance level. This would serve as the first target, with subsequent moves aiming for 0.2525 and 0.2829, correlating with additional ray intersections.
Pessimistic Scenario:
If price fails to hold at 0.1355 and breaches downward, interaction with the next Fibonacci ray near 0.1257 may indicate continuation of the bearish momentum. In this case, price could trend lower, with further ray intersections marking potential interaction zones for reversals or corrections.
How Rays Work in Practice
Fibonacci Rays are dynamic tools that adjust based on emerging patterns, enabling real-time tracking of price movements. When combined with Moving Averages (MA50: 0.1611, MA100: 0.1765), these rays become more predictive by indicating areas of confluence where price momentum is likely to shift.
The key principle is to monitor price interaction with the rays. Once price touches a ray and confirms direction with a dynamic factor (such as candlestick patterns or volume spikes), traders can position for movement toward the next ray or level. Each ray-bound move represents a minimum target, with further levels extending the trade’s profit potential.
Suggested Trades
Long Trade from 0.1355 to 0.1757: Look for bullish interaction at 0.1355 and confirmation through volume analysis (VSA). Target the ray at 0.1757 as the first milestone.
Short Trade from 0.1757 to 0.1355: If price rejects 0.1757 and bearish patterns emerge, this could signal a reversal back to 0.1355.
Long Trade from 0.1757 to 0.2525: A breakout above 0.1757, confirmed by interaction with ascending rays and a crossover of MA50 and MA100, targets 0.2525 as the next ray-defined resistance.
Short Trade from 0.2525 to 0.1757:** Failure to sustain above 0.2525 could lead to a retracement back to 0.1757, presenting a swing opportunity.
Dynamic Levels in Context
These levels are projected on the chart, visible alongside the VSA Rays. The interplay between price, rays, and moving averages provides a high-confidence framework for trading decisions. Remember, position entry is most effective post-interaction with rays and the onset of movement. Trades are managed step-by-step from one ray to the next, ensuring clear targets and minimal risk.
Flexibility in scenarios empowers traders to adapt to market dynamics while aligning with the structured insights provided by Fibonacci Rays.
Trading is all about understanding key levels and making informed decisions, and I’m here to help you navigate that. If you have questions or need clarification, drop them right in the comments—I’ll be glad to respond!
If this idea resonates with you, don’t forget to Boost it and save it for later. Tracking how price reacts to the levels I’ve outlined is one of the best ways to learn and improve your trading strategy.
The rays and levels you see in this analysis are automatically plotted using my custom indicator. It’s available privately, so if you’re interested in using it, feel free to reach out via direct messages—I’ll be happy to share details.
Have another asset in mind? Let me know in the comments! I can create a detailed analysis, either publicly for everyone’s benefit or privately, if you’d prefer to keep your strategy confidential. The rays work on all assets, and I can tailor them specifically to your needs.
Finally, if you find value in my ideas and want to stay updated, make sure to follow me here on TradingView. This is where I publish all my insights, and I’d love for you to be part of the journey.
Trade smart, stay informed, and let’s grow together! 😊
Pirate Token (BYBIT-PIRATEUSDT.P): A Breakout Brewing?The crypto market thrives on surprises, and Pirate Token (PIUSDT.P) seems poised for its moment in the spotlight. Trading at $0.0899, just 4.05% above its all-time low of $0.0864, the asset is consolidating at levels unseen since yesterday’s dip—a rare juncture that demands attention. Meanwhile, the relative strength index (RSI) at 38 signals oversold conditions, suggesting a potential reversal is brewing.
With historical highs of $0.4385 now a distant memory (-79.5%), can Pirate Token chart a course back to glory? Key resistance zones at $0.111 and $0.1177 stand in the way, but emerging VSA patterns, including a "Buy Extra 1st," indicate buyer interest might be mounting at these suppressed levels.
What could push this sleeping giant into action? Will it rebound from its floor or test patience further? Join the journey as we dive deeper into the data and plot the next course for PIUSDT.P.
Pirate Token (BYBIT-PIRATEUSDT.P): Roadmap Through Recent Patterns
For investors and traders navigating the choppy waters of Pirate Token (PIUSDT.P), understanding the sequence of significant patterns is critical. Here’s an engaging roadmap that dissects each confirmed pattern, aligning with the thrilling narrative of recent market movements.
1. Setting the Stage: VSA Buy Pattern Extra 2nd (Jan 25, 00:00 UTC) Direction: Buy
Price opened at $0.1001, closed at $0.0966, but tested the low of $0.0964. This pattern hinted at a rebound from the floor. However, the next pattern shifted gears, introducing sell pressure, challenging the bullish thesis.
2. A Countermove: Increased Sell Volumes (Jan 25, 18:00 UTC) Direction: Sell
Price descended from $0.0949 to $0.0922, solidifying the bearish narrative. This validated the previous sell pressure, marking the start of a downward trend that led to a decisive test of the three-bar low at $0.0918. The sell-off confirmed bearish control, aligning perfectly with its main direction.
3. Bounce Back? VSA Buy Pattern Extra 1st (Jan 25, 22:00 UTC) Direction: Buy
The tide turned as the pattern emerged with a buy signal. Opening at $0.088 and closing marginally lower at $0.0877, this pattern didn’t breach critical bullish confirmation zones. The price struggled, and subsequent patterns invalidated its trigger points, pushing this one off the spotlight.
4. Climax: Increased Sell Volumes (Jan 24, 19:00 UTC) Direction: Sell
This was the tipping point. Price fell dramatically from $0.1077 to $0.1021, confirming an aggressive bearish move that drove momentum further downward. The clear sell dominance here set the stage for the broader trend, reinforced by the next pattern.
5. Reversing the Script: VSA Manipulation Sell Pattern 3rd (Jan 24, 19:00 UTC) Direction: Sell
Building on the prior sell pressure, this pattern predicted continued bearish action. The open at $0.1077 and close at $0.1021 mirrored the trajectory laid out by its predecessor. The successful validation of the low of $0.101 underscored its strength.
6. A New Hope: Increased Buy Volumes (Jan 23, 14:00 UTC) Direction: Buy
Finally, a promising turnaround! The price opened at $0.1152 and closed higher at $0.1177, suggesting a shift in sentiment. The bullish momentum broke prior highs, validating the reversal pattern.
Conclusion This sequence of patterns paints a vivid picture of Pirate Token’s turbulent yet predictable journey. The interplay of buying and selling forces offers clear signals for savvy traders. By aligning strategies with these confirmed moves, investors can ride the tide effectively.
Stay sharp, stay informed, and let the patterns guide your path!
Technical & Price Action Analysis: Key Levels to Watch
When it comes to trading Pirate Token (PIUSDT.P), it’s all about keeping an eye on those critical levels. Here’s the lowdown on the support and resistance zones that matter most. And remember, if these levels fail to hold, they’ll flip into resistance faster than you can blink.
Support Levels:
$0.0899: A psychological pivot and current price baseline. If this breaks, it’s likely curtains for short-term bulls.
Resistance Levels:
$0.111: The first hurdle where bears are lurking. A clean break could open doors for a move higher.
$0.1177: This is where the big decisions are made—either a breakout or another fade.
$0.1359: A key resistance from previous highs, with momentum potentially stalling here.
$0.1546: A powerhouse level; breaching it signals a bullish takeover.
$0.1704: The final boss—breaking this is a long-term bullish signal.
Powerful Support Levels:
$0.1196: A concrete floor for long setups, failure here means trouble.
$0.2104: If all else fails, this is the fortress to defend for bulls.
Powerful Resistance Levels:
Not established yet but expect powerful sellers to line up near higher key levels like $0.1704.
Concept of Rays: Fibonacci-Based Trading Strategies
The "Rays from the Beginning of Movement" concept provides a unique, Fibonacci-driven perspective on market behavior. These dynamic levels, defined by ascending and descending rays, help traders identify key zones for price interaction. Each interaction signals either a reversal or continuation, but only after clear dynamic factors and patterns emerge.
Core Trading Scenarios
Optimistic Scenario:
Interaction with the $0.0899 support level (current price baseline) combined with upward interaction with a Fibonacci ray suggests a potential bullish reversal.
First Target: $0.111, a resistance level aligned with dynamic ray and MA50. Breaching this level confirms bullish continuation.
Second Target: $0.1177, which is reinforced by MA100 and acts as a key inflection zone.
Third Target: $0.1359, marking a breakout zone for a sustained bullish trend.
Pessimistic Scenario:
Failure to hold $0.0899 indicates increased selling pressure. Interaction with descending Fibonacci rays signals further bearish moves.
First Target: $0.0864, corresponding to the absolute low and the final stronghold for bulls.
Second Target: Dynamic Fibonacci ray intersection at $0.0800 (if price breaches the absolute low, new rays will adjust this zone).
Third Target: A potential slide toward $0.0750, signaling the continuation of bearish dominance.
Dynamic Factors: Moving Averages and Fibonacci Rays
Moving averages (MA50, MA100, MA200) serve as supplementary support/resistance levels in conjunction with VSA rays:
MA50 Today: $0.0964
MA100 Today: $0.1062
MA200 Today: $0.1177
Interaction with these levels, alongside rays, increases the probability of trend continuation or reversal.
Proposed Trades Based on Key Levels
Trade 1: Long from $0.0899 to $0.111
Confirmation required: Bullish interaction with MA50 and upward bounce from the Fibonacci ray.
Comment: Conservative entry; targets mid-term resistance.
Trade 2: Long from $0.111 to $0.1177
Confirmation required: Price stabilizes above $0.111 and interacts positively with MA100.
Comment: Ideal for riding the next leg up; stop-loss tightly below $0.111.
Trade 3: Short from $0.0899 to $0.0864
Confirmation required: Bearish breakout below $0.0899 and rejection from Fibonacci ray.
Comment: High probability setup; clear targets and manageable risk.
Trade 4: Short from $0.0864 to $0.0800
Confirmation required: Failure to defend absolute low at $0.0864, price aligns with descending ray.
Comment: For traders prepared for aggressive downside movement.
Key Takeaway
With Fibonacci rays as the backbone, these strategies focus on dynamic interactions that define the direction and strength of price action. Always wait for confirmation from ray interactions and MA alignment before entering positions, ensuring calculated and profitable trades. Let the rays light your way to smarter trading decisions!
Your Feedback is the Key!
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ETH - Super bullish inverse H&SCould we be looking at a super bullish scenario of an inverse head and shoulders for ETH? It looks ugly, but could work if the neckline is decisively breached. If it is, we could be looking at some serious gains for ETH. This isn't meant to be fake news or an attempt to gain followers, it's all on the pile of possibles until made improbable. So, we'll keep our fingers crossed and look for higher highs. Until then, follow for more.
Gold key levels with both buy and sell entries 12/01 to 17/01Gold key support and resistance levels for the coming week .
Ill look to enter a buy at 2692 monitering support and resistance levels to the upside.
For a sell my entry would be 2684 .
For Gold we have seen a rise after a strong drop , we have retraced from 2600 to 2690/91 area now we could see a correction to the downside again.
As always trade safe wait for levels and conformation of entry.
This is not finincial advice mearly shareing my technical analasis on gold for the coming week
SAFEMOON - Not so safe for the medium termIt looks as though there could be a fractal for SAFEMOON. Historiclally, we've seen rises like this but only to be dissapointed and for the trend to be reversed again. I've drawn out a blue line of what the most likely trajectory will occur. The only other alternative is that the upward trend will continue, buying action will surge and we will see a bursting through of the upper trend line and escape the channel. If it comes back within the channel momentarily, that's fine - but not if the volume dies down and we stay within. So, it doesn't look great for an investment and I wont be putting anyting into it. Follow for more.