BTCUSDT continues downtrendThe airstrike by Iran on Israel in April 2024 and the attack on Israel on October 7, 2023, also revealed a similar bearish pattern for Bitcoin.
Gold investors assert that Bitcoin behaves more like a speculative risk asset, similar to tech stocks, rather than a safe haven.
Jesse Colombo, an analyst, predicts that Bitcoin is now closely tied to the Nasdaq 100, particularly to U.S. tech stocks. He warns that the collapse of this "bubble" could negatively impact Bitcoin's value.
Buy
XAUUSD 6/10/24Gold for this week: We have price action consolidating, followed by a pullback from the area marked last week. This trajectory aligns with the ongoing upward trend, and we expect it to continue, aiming for the previous all-time high. We have already tapped into a demand zone, and liquidity remains at the base of the last low, as well as within the internal lows of the higher time frame range.
The principle here is that gold is overall bullish, based on strong fundamentals and a clear trend and structure. We expect this upward movement to continue, with our target set at the previous high. We are not anticipating a major pullback; however, since the market is currently driven by fundamentals, there is always a chance this could happen.
If a pullback occurs, we can look for liquidity below the previous low as an opportunity to go higher. If it breaks through, I would expect a longer-term period of selling off, but overall, we anticipate further upward expansions. In summary, keep it simple—follow the clear direction, which is bullish.
NZDUSD Is Very Bullish! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.615.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.626 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
XAU/USD: Tension Mounts Ahead of Key ResistanceXAU/USD paints a dramatic picture as gold prices hover tensely around $2,653.840. After breaking free from a downward trend, the market is far from safe as it faces a solid resistance at $2,667.943—an impenetrable “wall” that, if not broken, could cause a swift reversal.
Buyers are battling fiercely to push the price higher, but one small slip could give sellers the chance to drive prices down to the critical support at $2,631.422. This support acts as the “last fortress” protecting the upward trend, and if breached, a sharp decline may follow.
Upcoming hot economic news from the U.S. could deliver a decisive “shock,” overturning every strategy in the gold market. Prepare for unpredictable swings ahead!
Current Trend and Next Key PointsThe current gold chart shows price stability around $2,660, as the EMAs (34) and (89) reflect a balance between supply and demand. This stability seems to signal that I am preparing for another breakout. With the current economic and political uncertainties, gold continues to be a safe haven asset that I am always watching. If gold can break above $2,660, I expect a new uptrend to begin; otherwise, a downside correction towards the EMA (89) could provide an attractive buying opportunity for me.
APT - The signal is crystal clear.#APT/USDT #Analysis
Description
---------------------------------------------------------------
+ APT has clearly bounced from the support zone, and we are now seeing a defined trend.
+ The price is moving towards the next resistance around $18.
+ This presents a clear opportunity to capitalize on the trend and maximize profits.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 9.13
Stop Loss: 6.43
------------------------------
Target 1: 10.84
Target 2: 12.96
Target 3: 15.23
Target 4: 18.57
Target 5: 26.78
------------------------------
Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
USDCHF Will Grow! Buy!
Here is our detailed technical review for USDCHF.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.858.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.870 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
SOLUSDT TODAY Based on the SOL/USDT chart you provided, here’s a concise trading strategy:
Super Support Zone: The highlighted zone around $115 - $125 acts as a strong support level. This is where buyers might look for entry points.
Buy Opportunity: If the price dips into the super support zone and shows a bullish reversal signal, consider opening a buy position. This zone has historically acted as strong support, making it a potential area for long trades.
Sell Scenario: The descending trendline marks significant resistance. If the price retraces upwards and touches the trendline (around $145 - $150) without breaking above it, this could be a sell opportunity, especially if bearish signals appear.
Key Levels:
Buy in the $115 - $125 zone (upon confirmation of a reversal).
Sell around the $145 - $150 resistance level (if the price is rejected at the trendline).
This strategy allows you to capitalize on both potential buy and sell opportunities based on market conditions.
SOLUSDT: Forming a bearish pattern?The SOLUSDT chart may be forming an Inverse Cup pattern, which signals a potential trend reversal from bullish to bearish.
In this pattern:
The inverted cup is created when the price rises, then reverses downward, forming a rounded top resembling an upside-down cup.
As the price drops and approaches the support level, traders watch to see if the support will be broken. If it does break, a strong bearish trend is likely to follow.
In the case of SOLUSDT, the price is showing signs of declining from the top of the inverted cup pattern, and it could continue to fall if it breaks below the support levels of 145 USDT and then 134 USDT.
Trading strategy based on the inverse cup pattern: Traders can wait for a break below the support level to confirm the bearish trend and then enter a sell position targeting lower levels, such as around 134 USDT.
XAU/USD Before the Break: Awaiting a Breakout or Correction?The XAU/USD chart is weaving a dramatic story as gold prices hover around $2,661.865. This is a sensitive moment with buyers holding control but facing a major challenge – breaking the key resistance at $2,684.675 and continuing their journey toward the peak at $2,710.715.
The EMA 34 ($2,653.217) and EMA 89 ($2,635.299) serve as “solid shields,” supporting the current uptrend and providing a strong base for buyers.
The strong support at $2,637.457 also acts as the “final fortress,” preventing a deeper correction.
If the price breaks this resistance, an "explosive surge" could occur, opening up golden opportunities for investors.
Today is a critical trading day, with the US Non-Farm Employment Change data about to be released. This is one of the indicators that significantly impacts the market, especially the currency pairs related to USD.
Cup and Handle: Potential Breakout for GoldOn the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line.
Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating tensions in the Middle East, especially armed clashes between regional powers, have prompted investors to seek gold as a safe haven. In addition, concerns about delays in tightening monetary policy by major central banks have also increased the appeal of gold.
XAUUSD: New Day Trading Strategy!Currently, XAUUSD is hovering around the 2662 USD mark, and it seems that the price has remained relatively stable over the past few days. On the other hand, the resistance level at 2670 is acting as a significant barrier to upward momentum. Interestingly, XAUUSD is forming a green candlestick right above the parallel wedge.
If this candle closes above the wedge, we could fully expect a strong breakout, aiming for new profit targets. Additionally, the positive signals from the EMA 34 and 89 are reinforcing this view, indicating a clear upward trend.
Investors might consider opening BUY positions on shorter timeframes, once the price confirms a breakout from the current range, provided that the support level around 2654 USD holds firm.
BTC reversal soon??Divergences between price and RSI can often show that a trend is coming to an end and a new one is beginning. In this case we can see that RSI on the 4H timeframe hit the oversold zone, and has been steadily climbing out of it ever since. However, we can see that price has continued making lower lows and lower highs... The price and the oscillator are out of phase and in this case as RSI grows larger but price continues to drop it's a bullish divergence signal and this suggests a trend shift from bearish to bullish.
Divergences are not perfect, no indicator is but this can be paired up with other signals for confluence, RSI being at the oversold zone is a good indicator that the bulk of the move is done, especially now that RSI has climbed out of it. The green box is showing a bullish orderblock, all 3 wicks have bounced off this zone and therefor suggests support also.
My feeling is that geopolitical worries have shaken the traditional markets and that uncertainty has spilt over into crypto, fundamental influences will effect the charts no matter how good the technical analysis may be. If we weather this storm and the situation doesn't escalate the TA suggests the worst has been and gone.
USOIL Is Going Up! Buy!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 72.003.
The above observations make me that the market will inevitably achieve 77.673 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD Will Grow! Long!
Please, check our technical outlook for EURUSD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.103.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.105 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURNZD Will Go Up! Buy!
Here is our detailed technical review for EURNZD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.760.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.774 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
DXY Will Go Up From Support! Buy!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 101.327.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 101.829 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EUR/AUD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are going long on the EUR/AUD with the target of 1.663 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.502 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
XAUUSD todayHello everyone,
Gold prices today continue to slide, dropping to $2,642, down 0.6% on the day.
This decline is largely driven by the U.S. Dollar (USD) extending its strong recovery, after hitting its lowest point since July 2023, now reaching its highest level in three weeks. This comes amid fading expectations of the Federal Reserve (Fed) implementing further aggressive monetary easing.
Moreover, gold closing below the $2,650 mark signals that the precious metal is entering a short-term bearish zone, with the next target expected to hit $2,630.
What are your thoughts on the current gold price situation?
ETHUSDT Today’s ETHUSDT analysis shows a potential bearish continuation. After a sharp 10% drop, the price is hovering around $2,390, signaling more downside risks. The chart indicates that ETH might enter a consolidation phase, with the price likely retesting the resistance zone between $2,839 and $2,535 before making another move lower.
Key Levels:
Resistance Zone: $2,839 to $2,535
Support Zone: $1,550 (major support zone highlighted below)
Trading Strategy:
Bearish Setup: If ETH struggles to break through the resistance zone, it may lead to further declines, potentially dropping to the support level at $1,550. Traders could look for shorting opportunities near the resistance around $2,839 with a target of $1,550.
Stop Loss: Place the stop loss just above the $2,839 resistance to protect against any unexpected breakouts.