GBP/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 197.213 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GBP/JPY pair.
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Buy
USDJPY Is Approaching An Important SupportHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 144.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 144.500 support and resistance area.
Trade safe, Joe.
SOL - Reversal Trade#SOL/USDT #Analysis
Description
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+ The price has once again tested a crucial support level for the third time, a zone that has proven resilient in past corrections. This setup presents a potential trade opportunity as the price targets a strong resistance level aligned with the previous all-time high (ATH).
+ There is a favorable trading opportunity from the current support zone up to the resistance level.
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VectorAlgo Trade Details
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Entry Price: 143.79
Stop Loss: 106.86
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Target 1: 160.52
Target 2: 172.89
Target 3: 194.87
Target 4: 233.20
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Timeframe: 3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Price Hits Key Support Zone at 0.992 with Potential for Rebound#ZIG/USDT #Analysis
Description
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+ The price has reached a critical support zone around the 0.992 range, and there are signs that it may be poised for a bounce back.
+ Support Zone: The price has hit the 0.992 support level, a key area that could provide a foundation for a potential rebound.
+ Bounce Potential: Current price action suggests a likelihood of a bounce from this support zone
+ RSI Divergence: A clear divergence on the RSI indicates a potential shift in momentum, further supporting the case for a possible rebound.
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VectorAlgo Trade Details
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Entry Price: 0.099014
Stop Loss: 0.076742
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Target 1: 0.110634
Target 2: 0.123872
Target 3: 0.140993
Target 4: 0.161473
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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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
NASDAQ Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 17500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 17500 support and resistance area.
Trade safe, Joe.
EURAUD Will Grow! Long!
Here is our detailed technical review for EURAUD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.668.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.682 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 2,453.296 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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GBP/USD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
The BB lower band is nearby so GBP/USD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.280.
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S&P500 Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area.
Trade safe, Joe.
MATIC: Support holding strong | Expect a bounce soon#MATIC/USDT #Analysis
Description
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+ MATIC has reached a critical support zone, a level that has held strong for more than two years. The price is currently at this same support zone, and while we have yet to see a strong rebound, expectations for a bounce back remain high.
+ This major support zone has been a reliable foundation for over two years, consistently preventing deeper declines.
+ he price is once again testing this key level, and so far, the support has held firm. While a significant rebound has yet to materialize, the strength of this zone suggests that a bounce back could be imminent.
+ Though a strong rebound has not yet occurred, the historical resilience of this support zone indicates a high likelihood of a recovery in the near term.
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VectorAlgo Trade Details
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Entry Price: 0.4234
Stop Loss: 0.2836
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Target 1: 0.5477
Target 2: 0.7841
Target 3: 0.9784
Target 4: 1.4520
Target 5: 2.5783
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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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
BAKE: Breakout will push price by 200%#BAKE/USDT #Analysis
Description
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+ BAKE has repeatedly retested a key support zone, demonstrating resilience as the price continues to hold strong at this level. The latest test of this support presents a potential opportunity for a bounce back.
+ Multiple Retests: The price has tested this support zone multiple times, each time holding firm, which reinforces the strength of this level.
+ Current Setup: The price has once again hit the support, and we anticipate a bounce back from this zone, offering a favorable setup for a long trade.
+ Trade Opportunity: Given the consistent strength of this support zone, entering a long position with a target based on the expected bounce could be a promising strategy.
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VectorAlgo Trade Details
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Entry Price: 0.2918
Stop Loss: 0.1790
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Target 1: 0.3442
Target 2: 0.4085
Target 3: 0.5613
Target 4: 0.8131
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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
API3 - Will it retrace ?#API3/USDT #Analysis
Description
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+ Price had significant retracement from 4.8 to 1.08 with -76% crash from recent high
+ it is trading around the local support zone and we are seeing significant retrace from the crash.
+ If this support holds then we can expect a sharp bounce back from the support zone.
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VectorAlgo Trade Details
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Entry Price: 1.415620298
Stop Loss: 1.009165284
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Target 1: 1.7841
Target 2: 2.3682
Target 3: 3.3682
Target 4: 4.9078
Target 5: 9.1698
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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
AMB (AirDAO) - Expect huge bounce back from the supportCRYPTO:AMBUSD (1W CHART) Technical Analysis Update
AMB is currently trading at $0.00810881 and showing overall bullish sentiment
Price has hit support multiple times and always bounce backend from the support zone, this support zone has never broken in the last couple of years. Fundamentally AMB is strong token with huge potential for growth.
Entry level: $ 0.00818628
Stop Loss Level: $ 0.00424781
TakeProfit 1: $ 0.01232100
TakeProfit 2: $ 0.01819480
TakeProfit 3: $ 0.03440407
TakeProfit 4: $ 0.09336532
TakeProfit 5: $ 0.17993132
TakeProfit 6: $ 0.36364228
TakeProfit 7: $ 0.88043750
Max Leverage: Spot or 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Dowjones Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring US30 for a buying opportunity around 38400 zone, US30 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 38400 support and resistance area.
Trade safe, Joe.
EURGBP: Dovish BoE and Potential UpsidesHey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85800 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85800 support and resistance area.
We would also consider the current dovish stance from the Bank of England, that should trigger further GBP weakness against EURO.
Trade safe, Joe.
GBPUSD Will Go Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.273.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.280 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURUSD Will Move Higher! Long!
Here is our detailed technical review for EURUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.082.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.085 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCHF Will Grow! Long!
Take a look at our analysis for USDCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.882.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.887 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.
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SILVER LONG FROM SUPPORT
Hello, Friends!
SILVER is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 29.152.
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CHF/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
CHF/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 174.705 area.
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GBP/CAD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the GBP/CAD with the target of 1.782 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.
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DXY: Recessionary Environment And Potential UpsidesHey Traders, in the coming week we are monitoring DXY for a buying opportunity around 102.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 102.200 support and resistance area.
Trade safe, Joe.