Chart Patterns
#RENDER/USDT Ready to go higher#RENDER
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 6.87
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 7.15
First target 7.67
Second target 8.00
Third target 8.34
Tesla (TSLA) Stock Underperforms the Broader MarketTesla (TSLA) Stock Underperforms the Broader Market
Analysing Tesla (TSLA) stock chart on 12th December, we:
→ Identified an ascending channel, with the November price consolidation around $350 (marked by a thick blue line) potentially indicating the median line of the long-term ascending channel (highlighted in blue).
→ Mentioned that TSLA stock price could move toward the upper boundary of the channel, located near the psychological level of $500. However, the stock remained vulnerable to a pullback with a potential test of the $400 level.
What happened after our analysis?
According to Tesla (TSLA) stock chart:
→ The price bounced off the upper boundary of the channel, falling short of the psychological $500 level by approximately 2.5%.
→ On Friday, TSLA stock dropped by more than 3%, making it the worst-performing stock within the S&P 500 index (US SPX 500 mini on FXOpen).
This indicates that buyer momentum may have waned, leading to a correction from overbought levels (as indicated by the RSI) toward fair value, which could align with the channel’s median line. A test of the $400 level could be relevant.
Meanwhile, Wall Street analysts are pessimistic. According to TipRanks:
→ Only 13 out of 34 surveyed analysts recommend buying TSLA stock.
→ The average price target for TSLA is $293.76 by the end of 2025.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone.
The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair.
The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO.
Technically, against the background of a strong rallying dollar, the euro has almost no chance.
If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term.
Resistance levels: 1.0448, 1.053
Support levels: 1.033, 1.022
At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline.
Regards R. Linda!
Ethereum (ETH): Price is Going For a Re-TestEthereum has done the correctional movement that we have been looking for where price showed a good rejection from upper zones.
We are still waiting for our lower target zone to be reached for some leveraged long position but in the meantime, we would say it is always safe to buy some for spot 😉
Swallow Team
BTC enters the parabolic stage of the bullmarketPredicting the tops and bottoms of Bitcoin - in a macro sense - is not that easy. But some indicators can give us a clue or kind of sense of caution warning when to exit or enter the market.
One of them is the "MVRV Z" indicator. It is a chart indicator that uses blockchain analysis to identify periods where BTC is extremely over or undervalued relative to its "fair value".
Historically it has been very effective in identifying periods where market value is moving unusually high above realised value. It also shows when market value is far below realised value, highlighted by the green lines. Buying Bitcoin during these periods has historically produced outsized returns.
This chart indicator is generally useful for predicting Bitcoin price at the extremes of market conditions. It is able to forecast where price may need to pull back when the score enters the upper red hot periods and also when price may rally after spending time in the lower green band.
Historically it has picked major Bitcoin price highs to within 2 weeks.
So far BTC has done a great job holding in the middle value band. It's in the stage of taking the next leap breaking out of it to the upside completing the bullmarket, also referring to past historical breakouts which happenend in similar fashion after a long lasting bearmarket.
#EURCAD 2HEURCAD (2H Timeframe) Analysis
Market Structure:
Channel Pattern: The price is moving within a defined channel, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, signaling potential resistance.
Bearish Engulfing Area: A bearish engulfing candlestick pattern has appeared near the resistance zone, indicating possible selling pressure.
Forecast:
Sell Opportunity: The price is positioned at the channel resistance with bearish candlestick confirmation, suggesting a potential downward move within the channel.
Key Levels to Watch:
Entry Zone: Near the upper boundary of the channel or at the bearish engulfing area.
Risk Management:
Stop Loss: Placed above the channel resistance or engulfing candle high to protect against invalidation.
Take Profit Zones: Target the midline or lower boundary of the channel as potential downside levels.
Market Sentiment:
Bearish Outlook: Sellers are likely to dominate as long as the price remains below the resistance area, maintaining a downward channel trend.
#SUSHI/USDT Ready to go higher#SUSHI
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 1.37
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.45
First target 1.58
Second target 1.73
Third target 1.89
TRON (TRX) on the Road to $0.64? An Analysis for the Community🚀 TRON (TRX) on the Road to $0.64? An Analysis for the Community 🚀
TRON (TRX) is showing strong signs of a potential price surge, with a realistic target of $0.64 based on Fibonacci levels and technical indicators. Here’s why TRX looks bullish heading into 2025:
1️⃣ Technical Analysis
The current chart analysis reveals:
Fibonacci Level 1.618 highlights $0.64 as a possible target.
Strong support levels at $0.24 and $0.28 are holding firm, paving the way for further growth.
The price is following a clear uptrend and has recently broken key resistance levels.
2️⃣ Fundamental Strength
TRON's ecosystem continues to expand at a rapid pace:
Partnership with Bitget: TRON recently announced a collaboration with Bitget, one of the leading cryptocurrency exchanges. This partnership boosts global adoption and liquidity for TRX.
Leading in dApps: TRON remains one of the top blockchains for decentralized applications and smart contracts.
3️⃣ Positive Market Momentum
USDT-TRC20 Dominance: TRON continues to gain strength globally, driven by the rising adoption of USDT on the TRC-20 network, which offers faster and cheaper transactions compared to alternatives.
Bull Market Catalysts: As the broader crypto market enters a bullish phase, TRON is uniquely positioned to benefit, thanks to its established presence across all major exchanges and its robust ecosystem.
4️⃣ Why $0.64?
Analysts believe the combination of increased network utility, growing adoption of TRC-20 USDT, and TRON’s technical strength could push the price to $0.64. While the crypto markets are inherently volatile, TRON has historically demonstrated its ability to rally quickly.
What’s Your Take?
What are your thoughts on the partnership between TRON and Bitget?
Do you believe $0.64 is achievable in 2025?
Share your opinions with the community! 🌐
📢 Disclaimer: This is not financial advice. Please do your own research before making investment decisions!
Bullish Alert: DGB's Path to 300% Gains!DigiByte (DGB) recently saw its price surge dramatically. Now, it's testing a key price level that acts as support. Think of this support level as a safety net; if the price falls below it, the drop could be more significant. Successfully holding above this support would be a positive sign for the cryptocurrency.
If DGB manages to maintain its position at this support level, we believe it could lead to another significant price rise, potentially up to 300% over the medium term. A successful retest would likely encourage more buying activity, pushing the price higher and creating a bullish trend for DGB.
AUD-USD Swing Short! Sell!
Hello,Traders!
AUD-USD is trading in a
Downtrend and the pair
Made a bearish breakout
Of the key level of 0.6298
Which is now a resistance
So we are bearish biased and
As the pair is going up now
In a local correction we
Will be expecting a further
Move down after the
Retest of the new resistance
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
SOLUSDT - Will this nightmare come true?On October 22, I published this chart, and many were skeptical about what I was talking about.
"I share it and u can check the link i left in attachment."
Now, this scenario is highly likely, and everything is unfolding as shown in the chart below.
You can clearly see the Wyckoff Distribution pattern already formed, and so far, price movements align significantly with the illustration provided.
Currently, the price has returned to the distribution zone, hitting the "failed rally point"
. All of this appears to have been a trap.
And why not?... SOL is one of the largest coins in the market by market cap. Everyone is expecting SOL to achieve x3 or even x10. This makes it entirely logical for the price not to move higher amidst this level of optimism.
I’m not entirely pessimistic, but I view things from a purely logical perspective.
This pattern is not yet confirmed—we need a massive red candle closing below the distribution zone to confirm it. However, the price movement so far is perfectly aligned with the Wyckoff Distribution logic.
If a close below this red zone happens, consider it a signal to exit the market entirely."
Bullish tendency is broken 101-102K for sellingMorning folks,
So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready.
So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
Trump Media & Technology Group (DJT): Big Moves Ahead?Good morning, trading family!
Trump Media & Technology Group (DJT) is at a critical juncture, and here’s what we’re watching:
If the price falls below $33.87: It could drop to $30-$28, with a chance of bouncing back to $59.57 afterward.
If the price breaks above $38.51: We could see momentum push it to $59 or higher.
If it fails to hold $28: Deeper declines may follow.
These levels are key, and how the price reacts will set the direction. Let’s stay sharp and trade smart!
Comment, like, follow, or send me a DM if you want more insights on this setup!
Kris/Mindbloome Exchange
Trade What You See
Technical Analysis of Johnson & Johnson Stock (JNJ)This chart for JNJ illustrates a technical setup within a descending channel. Key Fibonacci retracement levels (38.2%, 50%, and 61.8%) are highlighted, indicating potential zones of support and resistance. The analysis suggests a three-part buying strategy: an initial purchase at the current market price (CMP) near a double-bottom structure, a second purchase around the $138–$136 range (61.8% Fibonacci level), and a third at the $133–$135 channel bottom. A stop loss is defined at $130 on a closing basis to manage downside risk, emphasizing disciplined trading within the defined channel boundaries.
SOLANA LONGHi this time iam long for this levels.
The price is out of the channel and already have CHOCH so we waiting for the LL that is at 177-165.
The last bolt yellow line is the last reverse support form previus high at 30jul 24 (a) to 27Okt24 (b) before rally last starts.
The major support line is the little yellow line at 163$ and is represent the pivot line that represend the picks (6 picks!) of accumulation phase of Apr-Nov 24
Entry1 177$
Enrty2 163$
Stop 153.3$
Target1 195$
Target2 210$
PORTAL/USDT: SWING LONG TRADE SETUP!!🚀 Hey Traders! 👋
If this setup excites you, hit that 👍 and smash Follow for trade ideas that deliver real results! 💹🔥
PORTAL is ready for liftoff! 🚀
Breaking out of a falling wedge structure on the 4-hour timeframe and currently retesting. This could be your chance to go long and ride the wave! 📈
📌 Trade Setup:
Entry Range: Current market price (CMP) and add more up to $0.30
Targets: $0.355 / $0.389 / $0.462 / $0.524 / $0.568
Stop-Loss (SL): $0.268
Leverage: Use low leverage (Max 5x)
🔥 Why This Setup?
The falling wedge breakout signals strong bullish momentum.
Retests are great entry opportunities with low risk and high reward potential.
💬 What’s Your Take?
Do you see the same explosive potential? Share your analysis, predictions, or strategies in the comments. Let’s ride this setup together and lock in massive gains! 💰🌊
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