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EUR/USD Market Trends: Insights and ForecastsRecent Movement: The price has been relatively volatile in the recent period, with several ups and downs. Currently, the price is trading slightly above the key support level around 1.0825. Support and Resistance: The horizontal lines drawn on the chart suggest potential support and resistance levels. A break above the nearest resistance level around 1.0850 could signal further upward momentum, while a break below the support level around 1.0825 could indicate potential weakness. Trend: It is difficult to definitively identify a clear trend based on this timeframe. The price has been fluctuating between support and resistance levels, suggesting a potential sideways or ranging market. Short-Term (Next Few Days): The price is currently near a key support level. If it holds above this level, we might see a retest of the resistance level around 1.0850. However, a break below the support could lead to further downside. Medium-Term (Next Week): The overall trend remains unclear. A sustained move above the resistance level could signal a bullish bias, while a sustained move below the support level could indicate a bearish bias
Short
by Piyush_Kumar1001
1
RNDR - A long term trade opportunityBINANCE:RNDRUSDT (1D CHART) Technical Analysis Update RNDR is currently trading at $9.39 and showing overall bullish sentiment. Price has broken out from resistance multiple times and now it has hit the support again and bounced back from the support line. This is showing overall bullish momentum and we have a good long term trade opportunity here. Entry level: $ 9.43 Stop Loss Level: $ 6.55 TakeProfit 1: $ 10.7598 TakeProfit 2: $ 12.3494 TakeProfit 3: $ 15.6090 TakeProfit 4: $ 19.4590 TakeProfit 5: $ 27.9267 TakeProfit 6: $ 35.9265 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
RLong
by GreenCryptoTrades
XAU/USD SHORT RETRACEMENT FOR HL AND CHART PATTERN. Given the current price of XAU/USD at 2418 and a target price (TP) of 2390, here’s a detailed technical analysis and trade setup for a short trade based on the specified conditions. ### Technical Analysis for XAU/USD Short Trade #### Current Market Context - **Current Price:** 2418 - **Target Price (TP):** 2390 - **Pips Targeted:** 28 pips #### Key Technical Indicators 1. **Support and Resistance Levels:** - **Resistance:** The recent high and significant resistance level. Let's assume recent resistance is around 2425. - **Support:** Target support level at 2390. 2. **Moving Averages:** - **50-period EMA:** Check if the price is below the 50-period EMA on the 1-hour chart, indicating bearish momentum. - **200-period EMA:** Confirm if the price is also below the 200-period EMA to reinforce the bearish trend. 3. **Relative Strength Index (RSI):** - **RSI Level:** Ensure the RSI is below 50 on the 1-hour chart to confirm bearish momentum. - **Overbought/Oversold:** Ensure the RSI is not in the oversold region (below 30), which could indicate a potential reversal. 4. **Fibonacci Retracement:** - Draw Fibonacci retracement levels from the recent swing high to the recent swing low. - Identify key Fibonacci levels around the current price and check if there is confluence with other indicators. 5. **Candlestick Patterns:** - Look for bearish reversal candlestick patterns on the 15-minute and 1-hour charts (e.g., bearish engulfing, shooting star). #### Trade Setup 1. **Entry Point:** - Enter the short trade at the current price of 2418. 2. **Stop-Loss:** - Place the stop-loss above a key resistance level. If recent resistance is at 2425, consider a stop-loss around 2428 to allow for market noise. 3. **Take-Profit:** - Set the take-profit at the target price of 2390. #### Example Trade Plan - **Entry Price:** 2418 - **Stop-Loss:** 2428 (10 pips above entry) - **Take-Profit:** 2390 (28 pips below entry) - **Risk-Reward Ratio:** 1:2.8 #### Risk Management - **Position Sizing:** Determine position size based on risk management rules. For example, if you risk 1% of your account on this trade, calculate the position size based on a 10-pip stop-loss. - **Monitoring:** Continuously monitor the trade for any signs of reversal or unexpected news that could impact the market. #### Example Calculation for Position Size Assuming a trading account with $10,000: - **Risk Per Trade:** 1% of $10,000 = $100 - **Stop-Loss Distance:** 10 pips - **Value Per Pip:** $10 (for a standard lot) Position Size = Risk Amount / (Stop-Loss Distance * Value Per Pip) Position Size = $100 / (10 pips * $10 per pip) = 1 standard lot #### Conclusion The trade setup for shorting XAU/USD at the current price of 2418 with a take-profit target of 2390 and a stop-loss at 2428 offers a favorable risk-reward ratio of 1:2.8. By using key technical indicators such as support and resistance levels, moving averages, RSI, Fibonacci retracement, and candlestick patterns, the trade is well-structured and aligned with market analysis. --- This analysis is hypothetical and for educational purposes. Actual trading decisions should be based on real-time data and individual analysis. Always ensure proper risk management when trading.
OANDA:XAUUSDShort
by TheFXCapital
LTC/USDT - Long term view | Buy now and HODL #LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern emerging in this bull run, indicating the potential for significant profits with this trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 102 Stop Loss: 62 ------------------------------ Target 1: 142 Target 2: 180 Target 3: 226 Target 4: 389 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading capital Leverage: 3x --------------------------------------------------------------- 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
🔥 Bitcoin Bottom Might Be Near! Bull-Market Continued 🚀In this analysis I want to discuss the possibility that Bitcoin's temporary correction might be at the ending stages and that the bullish trend might continue in the near future. I want to look at two things: - The price has hit the purple dotted support on the chart. - The RSI has hit oversold on the 4H chart for the first time since late January, at the start of the bull-run that took us from 39k > 74k. These two factors combined make me believe that a bottom is potentially near and that we can make a decent trade off this area. Target at 80k, stop below the March 5th dump, to create a good trade with a RR of exactly 5.
Long
by FieryTrading
41
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + RUNE has unmistakably breached the resistance and is currently consolidating within a defined range. + The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend. + With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital 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
Long
by VectorAlgo
🔥 Bitcoin's Next Macro Target: What To Expect SoonIn my last bullish BTC analysis I wrote about the idea that a short-term bottom had been formed and that were likely to bounce from said area. As of today, this signal appears to be a great success. I also made a bearish signal recently, but that entry target had not been hit, so nothing lost. In this analysis I want to take a look at Bitcoin's next macro target. The resistance is drawn from connecting the 2021 tops with each other and extrapolating said line. In my eyes, this will likely be Bitcoin's next target and can potentially be a long-term resistance from which we bounce. Expect heavy selling around this resistance area. For now, it's looking like BTC will continue the uptrend. Happy to hear your thoughts!
Long
by FieryTrading
5
🔥 Bitcoin In The Biggest Bull-Run Since 2016? Let's Discuss!Bitcoin has been performing exceptionally well over the last months. This cycle is the first cycle where Bitcoin has made a new all-time high (ATH) before the halving, instead of after. The most likely cause for this are the massive ETF inflows which boosted the price to new highs. Historically, Bitcoin has always peaked in Q4 of the next year after the halving. In this case, it would mean that BTC will peak in Q4 of 2025. Seeing that we're already at 70k in Q1 of 2024, this could lead to some issues. There's a few possible outcomes and explanations that I want to share. 1: This cycle will be similar to 2016 and we will continue to go up in a relatively stable straight line until Q4 of 2025. Bitcoin could reach >300k because of the continued buying power from ETF's. 2: This cycle is outperforming the past cycles, which is not possible due to diminishing returns theory (bull and bear markets will be less extreme). Considering that we "should" top in Q4 of 2025, we will see a long period of sideways/bearish price action in order to get the white line under the blue and purple lines. Top will be in Q4 of 2025, but a lot lower. Think 150k. 3: Diminishing returns theory will hold, but we will top much earlier than Q4 2025. In another analysis that I recently made I discussed the fact that BTC on average tops 40 weeks after a new all-time high has been made. This would lead to a cycle top in Q4 of 2024. With Diminishing returns still in play I'd guess we can top somewhere between 100k-150k. It's going to be interesting to see which historically accurate theories will be broken this cycle, seeing that this is the first time that BTC made a new ATH before the halving. Best case scenario would be a long cycle with a price as high as possible. What is your view on a new ATH before the halving? Which scenario do you deem most likely? Share your thoughts.
INDEX:BTCUSDLong
by FieryTrading
16
🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my favorite personal indicators: Bitcoin Logarithmic Price Bands. You can find a detailed explanation of the indicator below. In short, this indicator tries to predict future areas of extreme opportunity. Buy in the green and sell in the red. However, I also added a yellow band in the middle which surprisingly lined up very well with areas of historical resistance (purple circles) and support. As of this week, Bitcoin has reached the yellow band for the first time within ~2 years. During two previous bull-cycles this area marked a mid-cycle top and caused a major reversal. My view is still that we will make a new ATH in before the halving. However, that would mean that the price would still be within the yellow band. The top of the yellow band is currently placed at 77.000, so we still have a lot of room theoretically. Now that the ETF is here it remains to be seen whether BTC will respect historical price bands. Nevertheless, it's without a question that BTC is entering a major area of resistance around the current all-time high of 69k. Do you think we're going to see a new all-time high soon? Time for reversal? Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
23
🔥 Bitcoin's FIRST EVER New All-Time High Before The Halving 🚀In my most recent BTC analysis I talked about the fact that my volatility depth indicator predicted a major move for Bitcoin, which would most likely be a bullish one. Few days and +15% later, the indicator has yet again predicted a massive move for Bitcoin. We're currently only ~16% away from a new all-time high. In my view, we're going to make a new ATH before the halving in April. The blue lines indicate the two major tops of the last bull cycle. This area will function as a major area of resistance. My expectation is that we will reach this area in the coming 1-2 weeks, but stay around that area for 2-4 weeks. Bulls have to prepare themselves and let major oscillators like the RSI cool off. Do you think we're going to make a new ATH in the next 1-2 months? Share your thoughts 🙏
Long
by FieryTrading
8
Google Bearish for limited timeChart currently shows Bearish Signal as per the following reasons: Indicators: 1. Slight Dark Cloud cover indicated 2. Two Black crows, today's trading will indicate if three black crows are confirmed. 3. Slight Bearish divergence Patterns: 1. Bearish rising wedge on graph - indicates a potential bearish signal Bullish After Cup and Handle Formation Although it seems that perhaps the bearish trend may be limited to form a cup and handle pattern, once handle is broken - uptrend to continue.
NASDAQ:GOOGShort
by Azzeee
Bitcoin in symmetrical triangleHello Fellow Traders Greetings from team trading the tides ! lets discuss bitcoin which is inside a Symmetrical triangle , volume is pretty low waiting for the break out to enter position for long or short but I am more interested to wait till it reaches 31-32 k level which is a major resistance area and a good distribution point if we see the history . potential area to initiate short : 31-32 k levels according to the market conditions 22 k level is also very likely because there's a cme gap and btc inflows from wallets to exchanges are rising ! happy trading !
Short
by TradingTheTides
2
ETH. On the verge of starting its next leg up. $2000 is NextETH has been correcting for 8 days now..forming what is to me an obvious sideways correction This crypto rally will continuing until the bank drama blows over and/or we get a week+ of consolidation on the charts. A few days ago Jerome Powell suggested this last .25 rate hike may be the last one for a while. With the next FOMC being 6 weeks away...I think we see several weeks of upside for assets including ETH. I have been long ETH via perps from $1430 and have been adding to my position under $1800 $1950 is a solid profit taking level Good Luck Everyone!
KRAKEN:ETHUSDLong
by Brenvest