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ETH Weekly Chart: Accumulation Zone and Potential Breakout Setup#ETH/USDT #Analysis Description --------------------------------------------------------------- + Ethereum (ETH) has been consolidating in an accumulation zone between $2,900 and $3,500 after a significant rally. This zone is crucial as it represents a battle between bulls and bears, with accumulation possibly leading to a strong upward breakout. + The chart shows strong support at the $2,900 level, which aligns with the 21-Week EMA ($3,219). This area has been tested multiple times, reinforcing its importance as a potential launching point for the next move higher. + The price is currently sitting just below the 21 EMA, while the 55 EMA ($2,792) provides additional support below. The confluence of these EMAs suggests that the trend is still bullish, but a clear breakout above the accumulation zone is needed for confirmation. + The RSI is hovering around the neutral 50 level, indicating a lack of clear momentum, but it’s still holding above key levels that could indicate strength if it turns upward. The MACD is slightly bearish but not showing strong negative momentum, suggesting the potential for a reversal if buying pressure increases. + A breakout above the $3,500 resistance could trigger a strong rally, with the next major resistance levels around $5,000 and $8,000. This breakout would likely be confirmed by a bullish crossover in the MACD and an RSI move above 60. + If ETH breaks below the $2,900 support level, we could see a retest of the 55 EMA at $2,792 or even a deeper correction to the trendline support near $2,500. A bearish MACD crossover and a drop in RSI below 40 would confirm this scenario. Key Levels to Watch: Support: $2,900, 21 EMA ($3,219), 55 EMA ($2,792) Resistance: $3,500, $5,000, $8,000 --------------------------------------------------------------- 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
Long
by VectorAlgo
EURNZD Will Go Up From Support! Buy! Please, check our technical outlook for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.818. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.825 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
BTCUSDT: Still Above Resistance - Potential Continuation ?--------------------------------------------------------------- Description --------------------------------------------------------------- The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the recent price action has shown signs of consolidation, indicating a potential period of indecision before the next significant move. - The overall trend since the 2022 low has been bullish - The horizontal resistance level has acted as a significant barrier in the past. A sustained break above this level could signal a continuation of the uptrend. - The recent price action suggests a potential period of consolidation before the next directional move. - The RSI (Relative Strength Index) at the bottom of the chart is reading 64.52, suggesting moderate bullish momentum without being extremely overbought. - We can see a series of higher lows and higher highs, indicating a bullish market structure. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Best Regards, VectorAlgo
Long
by VectorAlgo
NAS100 Will Move Higher! Long! Please, check our technical outlook for NAS100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18,597.51. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 19,559.12 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!
NLong
by SignalProvider
1
DXY Will Go Up From Support! Long! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.544. Taking into consideration the structure & trend analysis, I believe that the market will reach 105.173 level soon. 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!
TVC:DXYLong
by SignalProvider
1
EURAUD Will Go Higher From Support! Buy! Please, check our technical outlook for EURAUD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.658. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.663 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!
Long
by SignalProvider
1
What's next for BTC ? Two ScenariosScenario 1: If the current bearish correction ends at this support zone, the price will hold here. Further consolidation will occur for a couple of hours, followed by a slow bounce back. We might see minor resistance during this reversal, with the next target around 69K. Scenario 2: If the current support zone fails to hold, the next support is around the 63K zone. This is a stronger support compared to the current one and is likely to hold as the overall sentiment is bullish. We can expect the price to consolidate around this zone, then bounce back and consolidate around the 65K resistance, and finally hit the target of 69K. 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
Long
by VectorAlgo
NAS100USD Will Grow! Buy! Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 19,516.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 20,389.6 level soon. 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!
OANDA:NAS100USDLong
by SignalProvider
2
USOIL Will Go Higher From Support! Long! Take a look at our analysis for USOIL. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 78.40. Considering the today's price action, probabilities will be high to see a movement to 79.82. 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!
TVC:USOILLong
by SignalProvider
1
EURCHF Will Go Higher! Long! Here is our detailed technical review for EURCHF. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.948. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.953 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!
Long
by SignalProvider
1
GOLD Will Go Up! Buy! Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,418.666. The above observations make me that the market will inevitably achieve 2,454.280 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!
OANDA:XAUUSDLong
by SignalProvider
1
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings: Now analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week, I would consider purchasing the 165usd strike price Puts with an expiration date of 2024-9-20, for a premium of approximately $2.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:PGShort
by TopgOptions
AAL American Airlines Group Options Ahead of EarningsIf you haven`t sold ALL before the previous earnings: Now analyzing the options chain and the chart patterns of AAL American Airlines Group prior to the earnings report this week, I would consider purchasing the 10.50usd strike price Puts with an expiration date of 2024-7-26, for a premium of approximately $0.41. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:AALShort
by TopgOptions