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Candlestick Analysis

XAUUSD 6/1/25Coming into this week, we maintain a bullish bias on gold. Last week, we experienced a short-term shift to bearish, which was expected as we mentioned before the new year. Currently, we are focusing on the cluster of lows at the base of our most recent range. This is the area we are targeting for potential long trades this week. Orion is indicating that we need to align with the long bias, so we will follow this direction and monitor targets and entries accordingly. Note that we currently have only two targets above. If the market creates another high before dropping into the mentioned lows, we may have more than two targets to work with, requiring us to trade within those areas. Be mindful of the current structure. As mentioned in the EU analysis, we may form short-term lows to play off, which could make the lower areas less likely for the week’s initial move. As always, we wait for a low to be reached, then analyse the entry timeframe to determine if there’s an opportunity to participate. Trade safely and stick to your plan.
FX:XAUUSD
by PipSurfingSociety
EURUSD 5/1/25Heading into the First Trading Week of the Year We’re ready to dominate as always, with Orion leading the way and providing a clear bias. This week, we continue with our bearish outlook, looking to trade from the highs into the lows outlined here, with the target clearly defined. Before diving in headfirst, let’s cover a few key points: There’s currently a large gap between the highs and the current price. Based on this, we need to be mindful of the following scenarios: A short-term high could form before reaching the main highs shown here. A new low might be created, giving us an additional target low. These scenarios suggest we could see some form of manipulation before a move higher. For example, the price could create new highs, sweep them, and then form a new short-term low. While this wouldn’t invalidate the larger bearish move, it could shake out many lower time frame traders. Please also take note of the heavy liquid we have stored above the current highs we are looking at. Trade safe and stick to your plan.
by PipSurfingSociety
1hr DOT chart TA by GrokAI This chart is a technical analysis of the Polkadot (DOT) price on the Binance exchange, using the Tether US (USDT) as the trading pair. Here's a breakdown of the key elements shown: Candlestick Chart: The main part of the chart shows the price movement of DOT over time. Each candlestick represents one day. The recent price action shows a significant upward movement, followed by a sharp decline. Fibonacci Retracement Levels: The horizontal lines with percentages (0.236, 0.382, etc.) are Fibonacci retracement levels. These levels are used to identify potential support and resistance levels. The price has retraced to around the 0.5 level after the recent peak. Volume: The bars at the bottom of the candlestick chart represent the trading volume. Higher volume during the price increase suggests strong buying interest, while the volume during the decline indicates selling pressure. MACD Indicator: Below the price chart, there's the Moving Average Convergence Divergence (MACD) indicator. It consists of: MACD Line (blue): The difference between the 12-day and 26-day EMA of the price. Signal Line (orange): A 9-day EMA of the MACD line. Histogram: The difference between the MACD and signal lines. The MACD crossing below the signal line can be a bearish signal, suggesting potential for further price decline. Analysis: The recent price spike followed by a sharp decline might indicate a correction after a bullish run. The price has retraced to around the 0.5 Fibonacci level, which could act as a support level if the price finds stability here. The volume increase during the price rise and subsequent fall suggests strong market reactions, both in buying and selling. The MACD indicator has turned bearish with the MACD line crossing below the signal line, which might suggest that the downward trend could continue unless there's a significant buying volume that pushes the price back up. Conclusion: Short-term Outlook: The price might test lower Fibonacci levels (0.618 or lower) if the bearish momentum continues. Watch for any bullish divergence in the MACD or a significant increase in buying volume for signs of a reversal. Long-term Outlook: If the price holds above the 0.618 Fibonacci level and there's a bullish crossover in the MACD, it could indicate a potential for another upward move. Remember, technical analysis should be combined with other forms of analysis (like fundamental analysis) for more accurate predictions. Also, market conditions can change rapidly, so it's essential to keep an eye on real-time data and news related to Polkadot or broader market trends.
Long
by jasonciviello
POV: TI - Pole and Pennant BreakoutPOV: TI - Pole and Pennant Breakout While the Nifty 500 and broader market are underperforming, this stock stands out as an outlier, consistently hitting new all-time highs (ATH). 🚀 Key Observation: This swing setup delivered a Pole and Pennant Breakout, a classic bullish continuation pattern that reflects strong buying momentum even in a weak market environment. Why It Matters: Constant ATHs signal exceptional strength. The breakout confirms the stock's resilience, making it a key watch for potential opportunities. Disclaimer: For educational purposes only, not financial advice.
NSE:TILong
by kzatakia
Long trade 15min Buyside trade 1 Pair BTCUSDT Tokyo Session PM Mon 30th Dec 24 5.00 pm Entry 92437.9 Profit level 99899.3 (8.07%) Stop level 91750.6 (0.74%) RR 10.86 Reason: I assumed BTC had reached a pivotal demand zone on December 30th, 2024, as well as making a lower low since the 20th of December 2024 (look left) the current price action reflected in it seemed indicative of a buy-side trade. Target 100k for ultimate risk to reward following the narrative and seeing directional bias continuation to the upside.
Long
by davidjulien369
BTC/USD LONGS TO $100K Trade Idea: BTCUSD Long $100k We're seeing a strong bullish trend in BTCUSD, with price action consistently breaking out of a ascending channel. Our focus is on the newly formed Bullish Breaker Block (highlighted in yellow), which presents a high-probability long entry opportunity. Our strategy is to ride the bullish momentum, anticipating a strong close to the week's candle. With the current technical setup, we're confident in the potential for further upside.
BITSTAMP:BTCUSDLong
by liamsmith
$SHIB TA by GrokAI Here's a technical analysis of the SHIB/USDT hourly chart: Price Movement: The price has been in an uptrend, moving from around 0.0000217 to 0.0000250. It's currently facing resistance near the 0.0000250 level, as indicated by the price action at this point. Volume: Volume spikes are visible at key points, particularly during the upward movements, suggesting strong buying interest. However, volume tends to decrease during periods of consolidation, indicating less conviction in price movements during these times. MACD: The MACD is currently showing a bearish crossover with the MACD line crossing below the signal line, which could indicate a potential weakening of the uptrend or the start of a correction. The histogram is also starting to show negative values, further supporting this bearish signal. Support and Resistance Levels: Support: Around 0.0000228, where the price has previously consolidated before moving higher. Resistance: At 0.0000250, where the price has faced rejection multiple times. Trend Analysis: The chart shows a series of higher highs and higher lows, indicative of a bullish trend. However, the recent price action near resistance suggests potential for consolidation or a minor pullback before possibly attempting to break through the resistance. Potential Entry Points: Breakout Strategy: If the price breaks above the 0.0000250 resistance level with strong volume, this could be a bullish signal for entering a long position, targeting the next resistance levels or Fibonacci extension levels. Pullback Strategy: If there's a pullback from the resistance level, look for support around the 0.0000228 level or previous consolidation
by jasonciviello