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Chart Patterns

GBP/AUD Trend Analysis and Sell OpportunityThe GBP/AUD currency pair is exhibiting a series of lower highs (LHs) and lower lows (LLs), indicative of a bearish trend, which is further supported by a bearish divergence. Additionally, price action is adhering to a well-defined bearish trendline. Currently, the market has formed a significant hidden divergence at the lower high, presenting a favorable selling opportunity. It is essential to prioritize risk management in this setup.
Short
by AnalytixEdgeByQasim
Ripple (XRP) Technical AnalysisRipple (XRP) retreated from the $0.504 support level (September 6 low), testing the 50% Fibonacci retracement level. Indicators show a bullish bias despite the price being below the 100-period simple moving average. The Awesome Oscillator histogram is green and approaching the signal line from below. Meanwhile, the Stochastic and RSI (14) values are rising, recording 51 and 50, respectively. Immediate resistance is at the 50% Fibonacci retracement level ($0.524). If XRP/USD closes and stabilizes above $0.524, the bullish wave from $0.487 could resume. In this scenario, the next target for buyers might be the 38.2% Fibonacci retracement level at $0.557. Conversely, a bearish trend may be triggered if sellers push XRP below the immediate support at $0.504. If this happens, the price could revisit the October 25 low of $0.487.
COINBASE:XRPUSD
by FxNews-me
Silver Technical AnalysisFxNews— Silver is trading in a bull market, above the 100-period simple moving average, while the Stochastic indicator signals an oversold condition. This provides a solid bid for bulls to enter the market. Immediate resistance rests at $33.10. The uptrend will likely resume if bulls close above this level. If this scenario unfolds, the next bullish target could be the October 21 high of $34.25. Please note that a break below the immediate support at $33.35 would invalidate the bullish outlook.
FOREXCOM:XAGUSDLong
by FxNews-me
BTC 4 Seasons CycleWhat I came up with is that in the bullphase Bitcoin tops out in Winter/Spring 🟦/🟩 Last cycle we had a double top but you would only miss out on 4-8% while saving yourself the headache of a 50% drop in summer 🟥 In the bearphase we bottom usually in Fall/Winter 🟧/🟦 I dont know how people can call for 48-55k or something else it would take us another year then until Winter to get back up and top out and to drop in 4-6 Months in Summer to the bottom its not usual for Bitcoin to do that. It takes Bitcoin around 350 to 400 Days to hit the bottom you can see it in the picture below
KRAKEN:BTCUSDLong
by Tyrocrypto
Live Market Update- Welcome to Crypto 🤖🚀 Bitcoin’s Bullish Correction: What’s Next on the Chart? 💡📈 Hey everyone! Time to check in on Bitcoin’s latest move. Yesterday, while U.S. markets stumbled, Bitcoin gave us a corrective dip, but in a bullish context! Here’s what I’m seeing in the charts: Bitcoin Analysis Support Reclaimed: Bitcoin dipped to revisit its previous breakout levels, securing support at $69,579. Next Target: If BTC can hold steady or push up from here, I’m watching $72,000 as the next test. If momentum carries it further, my projection is $79,000 for a potential new high. Key Levels: Current support at $69,600, with a fallback to $65,670 if the trend doesn’t hold. Overall, my stance remains bullish, but remember fundamentals—U.S. elections, Middle East tensions, and today’s NFP data—can add volatility. Bitcoin Dominance BTC dominance is nearing a significant resistance point, and I’m 90% confident it could retrace from here. It didn’t quite trigger my alert, but with the NFP data release, we might see a quick spike before rejection. Ethereum & Solana Ethereum: Testing the waters at 0.058 BTC with a strong structure forming. I see room for a breakout toward $3,634, with support solid at $2,398. Solana: At all-time highs but primed for a pullback, especially with the new competitor SUI entering the market. SUI’s levels are worth watching around $1.80 for a long, with psychological markers at $2 and $3. Final Thoughts Patience is key—these levels are guiding us, but the market may retest support before new highs emerge. Stick to the plan and keep a cool head in these moves! One Love, The FXPROFESSOR 💙
BITSTAMP:ETHUSDLong
by FX_Professor
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis A correction of more than 6% has formed on D1, to a local support level, which may indicate a retest of this level, before going up, it is worth considering news factors in the near future, so as not to increase risks. You can try to work out a retest of the level, with a short stop loss, in order to avoid further corrective movement to the levels to update ATH. In the best case scenario, you can take a profit of 1:7. If the idea does not materialize, then wait for an additional entry point for purchases. Target: 70600 - 76550
Long
by Trade-U-Metta
BTCUSDT Based on the chart, here’s a concise bullish trading strategy: Key Support Zone: Watch the area around 68,500 USD, where the price is likely to retrace and rebound. Entry Point: Consider entering a buy position if the price touches the support zone around 68,500 USD and shows signs of a bullish reversal. Take Profit Target: Aim for 70,200 USD or higher, where the price previously reached a peak. Stop Loss: Place a stop loss below the support level at 68,486 USD to manage risk in case of a breakdown. This strategy anticipates that the support zone will hold, allowing the price to bounce back for the next upward wave.
by Sanhara
SILVER_101 2024.11.01 08:43:06 Trading Signal BUYFrankPro Signal for SILVER_101 Type: Screen Signal: BUY TP: 33.426 SL: 32.711 Entry Price: 32.854 Analysis for SILVER Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will perform a separate analysis for short-term and long-term expectations for the Silver price (XAG/USD). **Short-term Analysis (next 24-48 hours)** * The current price of $32.677 is approaching a key support area at $33.10, which could lead to a bounce or a break below. * Technical indicators suggest a potential buy signal, but the Williams %R indicates the market is overbought. * The softer US Dollar is preventing further retreats in precious metals, which could lead to a slight increase in Silver prices. * Economic factors such as the EUR/USD rate and Gold prices will influence the Silver price. **Expected Short-term Movement:** Neutral to Slightly Up The Silver price is expected to remain relatively stable or experience a slight increase in the short term, as it approaches the key support area. However, a clear break below $33.10 could increase bearish pressure. **Long-term Analysis (next week and beyond)** * The influence of broader economic factors, such as the US PCE prices index and the upcoming NFP report, could lead to increased volatility in Silver prices. * Geopolitical instability and fears of a deep recession could support Silver prices due to its safe-haven status. * The Gold/Silver ratio and Gold prices will continue to influence Silver prices, with a potential indirect impact from the US election uncertainty. * Industrial demand and the US consumer discretionary sectors could also impact Silver prices in the long term. **Expected Long-term Movement:** Up The long-term outlook for Silver prices appears bullish, driven by the potential for increased safe-haven demand, industrial demand, and the influence of Gold prices. However, the market will need to navigate the upcoming economic data releases and geopolitical events, which could lead to increased volatility. Result: ST=Up LT=Up Analysis Method(1) Based on the provided analysis, here are my expectations for the XAG/USD (Silver) price changes: **Short-term (next few days):** * The price is expected to go down, as it is currently testing the support area near $32.35 and may break below the key support level at $33.10, potentially reaching $32.10 or even $31.30. * However, the US Dollar's performance and key economic data releases (US PCE prices index and NFP report) may influence the price movement and prevent further declines. **Long-term (weeks/months):** * The price is expected to go up, as the forecast indicates continued growth with a target above $36.75 after the potential correction. * The technical indicators (moving averages, RSI, STOCH, and MACD) all support a bullish trend, and the Elliott Wave analysis suggests a wave iv rally followed by a marginal wave v lower before resuming higher. * However, a fall and breakout below $31.05 would cancel the growth scenario and indicate a continuation of the decline towards $29.25. In summary, while there may be a short-term correction or decline, the long-term outlook for XAG/USD is bullish, with expectations of continued growth and a target above $36.75. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here are my conclusions for the expected price movement of XAG/USD (Silver) in both the short-term and long-term: **Short-term (next few days/weeks):** * The price is expected to go down. The analysis suggests a bearish correction to test the support level near $32.35, and the Elliott Wave analysis indicates a wave ((ii)) pullback is in progress, which may lead to a marginal wave v lower. * However, the decline is expected to be limited, and the price is likely to rebound from the support level, potentially around $32.10 or $31.30. **Long-term (next few months):** * The price is expected to go up. The analysis indicates a bullish trend, with moving averages suggesting continued growth. The target price is above $36.75, and the Elliott Wave analysis suggests that the metal will resume its upward trend after the current corrective phase. * The overall outlook remains bullish, with the pivot at the 30.1 low being crucial for maintaining this outlook. Please note that these conclusions are based on the provided analysis and are subject to change as new data and market developments emerge. Result: ST=Down LT=Up
CAPITALCOM:SILVERLong
by orbborisson
Audnzd short ideaHello all, My last post was a dud but definitely made some pips on a few other trades but since September have been hemorrhaging money but hopefully now recovering with some ground with eurgbp buy of .25 lots which I bought just based on strength indicator. Ok that being said this is what I would like to think of as my signature trade where price breaches an important diagonal trend retraces and then bounces off of said line. Please also now giant daily head and shoulder formation. Thank you and happy trading!
Short
by leov779
1