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ETH/USDT – Ascending channel. Breakdown below support?Ethereum - is a smart contract platform that allows developers to build decentralized applications (DApps) on its blockchain. CoinMarketCap : #2 ↗️ Ethereum is moving within an ascending channel, and the bullish trend remains intact. Inside the channel, there are two triangles. The first triangle, with a base of 88%, has played out—its third wave broke through the triangle. Liquidity grabs and shakeouts before the growth in the inner channel zones are marked with yellow circles. Currently, we see a mirrored situation with a new triangle, this time with a 156% base. However, if this pattern plays out, it will break the ascending channel. At the moment, the price has been dragged below the channel support, and there is a lot of negative sentiment in the news and opinions. Few believe in an upward move, and many have been liquidated. To me, this looks like a strong trigger. ⤵️The bearish scenario implies a -61% drop. (A less likely scenario.) I've marked everything on the chart—consider this in your trading strategy. Remember, there's a lot of negativity around Ethereum, just like with all altcoins... I also believe that on the monthly chart, it will end up being just a wick of the candle.
Long
by KECapital
Silver Slips as Fed Holds RatesSilver rose more than 1% to approach the $33 mark on Thursday, supported by renewed interest on precious metals with ongoing trade and economic uncertainty. The Federal Reserve left interest rates unchanged, with Chair Powell citing heightened risks while dismissing the need for early rate cuts. Sentiment was also influenced by President Trump’s announcement of an imminent trade deal, reportedly with the UK, and his firm stance on maintaining tariffs against China ahead of upcoming negotiations. Technically, resistance is seen at $33.80, followed by $34.20 and $34.85, while support levels are noted at $32.00, $31.40, and $30.20.
FOREXCOM:XAGUSD
by ChartMage
Gold Dips Toward $3,360 as Fed HoldsGold slipped to around $3,360 per ounce on Thursday, pressured by the Fed’s cautious tone after keeping rates unchanged. Chair Powell dismissed preemptive cuts and highlighted inflation and labor market risks, dampening demand for non-yielding assets. However, gold's downside was limited by trade uncertainties as Trump reaffirmed tariffs before U.S.-China talks in Switzerland. Resistance is expected at $3,460, followed by $3,500 and $3,550. Support sits at $3,320, with further levels at $3,300 and $3,265.
EIGHTCAP:XAUUSD
by ChartMage
GBP Steady Near $1.33, BoE Rate Cut ExpectedThe British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate £4.8 billion annually by 2040, may also cushion the economy. If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
Euro Strengthens on Political ShiftsEUR/USD traded just above 1.1300 on Thursday, staying in a tight range as reduced political uncertainty in Europe and a softer U.S. dollar offered mixed cues. The euro was supported by news of Friedrich Merz becoming Germany’s chancellor, while the dollar struggled despite a hawkish Fed pause, as Powell flagged tariff-related risks. Traders are focused on Trump’s press conference at 14:00 GMT and U.S. jobless claims for near-term direction. Resistance is seen at 1.1460, with higher levels at 1.1580 and 1.1680. Support lies at 1.1260, followed by 1.1200 and 1.1150.
by ChartMage
Yen Firms with BoJ CautionThe Japanese yen strengthened to around 143.6 per dollar on Thursday, recovering as rising global trade uncertainty stimulated demand for gold. The move followed President Trump’s announcement of a deal with a “big” country, reportedly the UK, and his refusal to cut tariffs on China ahead of U.S.-China talks in Switzerland. U.S.-Japan negotiations continue, with Tokyo aiming to finalize a bilateral deal by June. Meanwhile, BoJ minutes showed policymakers remain open to rate hikes if inflation targets are met, though they flagged external risks from U.S. trade policy. Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
by ChartMage
Bitcoin Total Market Cap Update – Strategic Scenarios AheadAs of May 8, 2025, the total cryptocurrency market capitalization stands at approximately \$3.012 trillion, reflecting a 2.17% increase from the previous day . Bitcoin's market cap is around \$1.962 trillion, with a current price of \$98,798.11 . Given these figures, we are considering the following potential scenarios for the crypto market: --- 1. Break Above \$3T and Hold ✅ (30% Probability) * The market breaks through the \$3 trillion level. * Retests it as support. * Continues the bullish momentum from there. --- 2. Rejection and Consolidation 🔁 (50% Probability) * Price gets rejected at \$3T. * Moves sideways between \$2.8T and \$3T. * Eventually breaks out and retests \$3T as support before resuming upward. --- 3. Bearish Turn Below \$2.8T 🔻 (20% Probability) * Rejection at \$3T. * Market loses \$2.8T support. * Retests \$2.8T as resistance, followed by further downside pressure. --- Key Levels to Watch * \$2.8T and \$3T are critical zones. Movements between these levels indicate uncertainty and should be approached with caution. --- Our Perspective A retest of \$3T as support could present the strongest buying opportunity of this cycle. We urge everyone to stay alert, analyze carefully, and prepare accordingly. Golden Cross is looming — remain focused and disciplined. --- Stay updated and connected: With best regards, Team ProCryptoEdge Educate. Empower. Elevate.
CRYPTOCAP:TOTALShort
by kripalsingh381
Microsoft: Progress!Microsoft successfully completed the magenta wave (2) and made further progress during the subsequent wave (3). Imminently, this wave (3) has some more room to rise, and after a temporary pullback in the following wave (4), the price should eventually overcome the resistance at $456.16. On the other hand, our 31% likely alternative scenario envisions a new low for the green wave alt. and would include a detour below the support at $348.18. Primarily, we consider the regular wave as already completed (in our previous Target Zone).
NASDAQ:MSFT
by MarketIntel
XAG/USD Stable Ahead of Fed DecisionSilver (XAG/USD) held steady on Tuesday, underpinned by safe-haven demand as U.S. tariff tensions and global growth concerns persisted. Although the U.S. dollar saw a slight recovery, silver maintained its ground with markets focused on the upcoming Federal Reserve policy decision. Expectations for unchanged rates and possible future easing could continue to lend support to silver in the near term. The first resistance is seen at $33.80, with higher levels at $34.20 and $34.85 if momentum builds. Support begins at $32.00, followed by $31.40 and $30.20.
FOREXCOM:XAGUSD
by ChartMage
Gold Climbs on Safe-Haven DemandGold climbed to nearly $3,360 per ounce on Tuesday, marking its highest level in over a week, as renewed tariff threats from President Trump increased safe-haven demand. Trump announced a 100% tariff on foreign films and signaled upcoming measures targeting pharmaceuticals. Investors are now focused on the Federal Reserve’s policy decision, with rates expected to stay unchanged despite Trump’s push for cuts. Resistance is expected at $3,385, then $3,450 and $3,500. Support stands at $3,300, followed by $3,265 and $3,200.
EIGHTCAP:XAUUSD
by ChartMage
Euro Pressured Ahead of Fed DecisionThe euro is trading around $1.1315 on Tuesday, pressured by a stronger U.S. dollar ahead of the Federal Reserve’s policy decision, where rates are expected to remain unchanged. However, the dollar still faces headwinds from doubts over its safe-haven appeal and President Trump’s unpredictable tariff stance. A dovish Fed or continued skepticism toward the dollar may limit euro losses. Resistance levels are seen at 1.1460, then 1.1580 and 1.1680, while support rests at 1.1260, followed by 1.1200 and 1.1150.
by ChartMage
Yen Slips Toward 144 on Stronger DollarThe Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and inflation outlook. Trading activity remained subdued due to a public holiday in Japan. Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
by ChartMage
Nasdaq: The Rally Continues!The Nasdaq ended last week with strong upward momentum, moving swiftly toward the resistance at 20,694 points. Now it's getting interesting: once the index breaks above this mark, it should quickly enter our upper turquoise Target Zone (coordinates: 21,751 – 22,425 points), where we expect the peak of wave X in turquoise. Afterward, we anticipate a pullback during wave Y, which should aim for our lower turquoise Target Zone (coordinates: 17,074 – 15,867 points). The corrective magenta wave (4) should be completed there. However, if the Nasdaq directly surpasses the significant resistance at 23,229 points, our alternative scenario will take effect. In this 35% likely case, we would consider wave alt.(4) as already complete and locate the index in the impulsive wave alt.(5) .
CME_MINI:NQ1!
by MarketIntel
A Bitcoin Prediction (2025)In this chart, we continue the journey of testing whether Bitcoin can live up to the expectations as published in my previous Bitcoin prediction chart (2024). Since we had technically hit my ATH cycle top for 2024–25, we are now gambling with the possibility that we might not have hit the highest cycle top targets and may just extend that little bit more. I think 2025 has most people asking, "Are we done yet?" or are we on the verge of something else? We'll just have to wait and see.... Upside: As you can see in ATHs, there are several targets, and I've mentioned this in my previous chart. Ultimately, the high side of what this chart can expect from a cycle high is a 2-week close of $131k. Wicks can extend beyond this price, but I expect a close below (according to this chart). A close above will invalidate this chart. All prices within the lows and highs are acceptable. Downside: In my previous chart, I hadn't posted any projected targets during a bear market; I only highlighted the lows, as generally that is what most may consider important enough to know—when can we resume the bull market again? Well, in this chart, I have labeled two additional downside targets. Although these do not follow the same pattern as other targets, they do have a significant similarity to previous cycle lows. Expect bounces from these levels, but if the pattern holds true, they will fail and continue to lower prices. In the short term, resistance sits at $98,511, and again this is on a 2-week close. So this next week, we can wick above, which might be the path we are on. Summary: I'll be posting updates close to each 2 week close, if I see something I'll be sure to post and update. 2024 Chart linked below.
INDEX:BTCUSD
by LiquidMafia
GOLD (XAU/USD, 4H) updateOn the 4-hour chart, GOLD has broken below the lower boundary of a pennant pattern on increasing volume, signaling potential for continued downside. Despite this, the asset remains within the confines of a bullish megaphone structure, whose boundaries are still intact. The EMA indicators (20/50/100/200) are aligned in a bearish sequence, exerting downward pressure. The price is consolidating below the $3295 level and is approaching key demand zones. Near-Term Downside Targets: - $3177 — Intermediate demand zone - $3063 — Major support level Technical Highlights: - Breakdown from bearish pennant confirmed by volume - Price action continues within the bullish megaphone pattern - EMA 20/50/100/200 positioned above price, indicating overhead resistance - Volume increases observed during downward moves - Key buyer interest zone: $3060–$3080 - Resistance zone: $3295–$3305 Following the breakdown from the consolidation pattern, gold is exhibiting a downward trajectory targeting support zones at $3177 and $3063. The bearish scenario is technically confirmed as long as the price remains below $3295. However, the movement within the bullish megaphone structure warrants close monitoring for potential shifts in momentum.
TVC:GOLDShort
by TotoshkaTrades
Silver Slips on Trade Optimism and Weak Economic Data Silver prices dropped over 1% on Thursday, slipping to around $32 per ounce, dragged by reduced safe-haven demand following Trump's optimistic remarks on potential trade deals with China, India, Japan, and South Korea. Weak economic data further pressured prices, with the U.S. economy contracting by 0.3% and China’s manufacturing PMI falling to a 16-month low, raising concerns about industrial demand. Today, silver is showing signs of recovery amid improved risk appetite, with the market focus on the $34.90–$35.00 resistance zone as a key technical level. Narrow Range: $31.30 – $33.70 Wide Range: $28.50 – $34.90/35.00
FOREXCOM:XAGUSD
by ChartMage
Gold Slips as Trade Optimism Eases Safe-Haven Demand Gold is hovering near $3,250/oz, on track for its worst week in over two months. Signs of easing tensions, China’s openness to trade talks and Trump’s remarks on deals with India, Japan, and South Korea, have weakened gold's demand. Adding pressure, the U.S. economy contracted in Q1, and March PCE inflation was flat. Markets now turn their attention to the upcoming non-farm payrolls report. Technically, the $3,200-$3,210 support zone is critical. Narrow Range: $3,180 - $3,276 Wide Range: $3,075 - $3,303 #Gold #XAUUSD #SafeHaven #TradeTalks #USChina #Inflation #PCE #NonFarmPayrolls #Commodities #MarketAnalysis #TechnicalAnalysis #GoldPrice #Forex #Investing
EIGHTCAP:XAUUSD
by ChartMage
GBP Gains as Tariff Risk Stays LowThe British pound rose to $1.332, near its highest level since February 2022, supported by a weaker U.S. dollar. Sterling gained 3.2% in April, its best month since November 2023. The UK is seen as less exposed to U.S. tariffs, which President Trump has delayed until July. In 2024, the U.S. ran a $12 billion goods surplus with the UK, unlike its deficits with China and the EU, reducing trade risk. The pound also benefits from expectations that the Bank of England will be more cautious than others in cutting rates. Markets expect about 85 basis points of easing this year, which is in line with the Fed. Investors now await key U.S. jobs and inflation data for dollar direction. If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage