Chart Patterns
$SPY Analysis, Key Levels and Targets for Today & TomorrowThe expected move for today is between 606 and 613 and that is a .54% move today and the only level we have in our trading range today is that 35 EMA you could see it’s been a pretty support all week and then we have that up gap from This Wednesday, which could give some added support at the bottom of the trading range. Monday’s contract at the bottom takes us in the middle of that gap and with how extremely overbought we are that 50 day moving average could be a really great target for next week.
USDCAD Will Explode! BUY!
My dear subscribers,
This is my opinion on the USDCAD next move:
The instrument tests an important psychological level 1.4323
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4380
My Stop Loss - 1.4297
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
SOL/USDT 1H: Bulls Charging Toward $280!!SOL/USDT 1H Chart Analysis (SMC Principles)
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Current Price: $267.96
Market Structure:
Bullish after breaking previous high at $264.
RSI: 60.52, indicating healthy upward momentum without being overbought.
Key Levels:
Support: $264 (flipped from resistance).
Resistance: $273-$275 (premium zone).
Stop Loss: Below $262 (recent consolidation).
Setup Score: 8/10
Strong breakout above premium zone confirms bullish structure.
Volume supports continuation of momentum.
Smart Money Analysis:
Accumulation visible at $248-$252 (equilibrium zone).
Breakout suggests institutional buying activity.
No significant divergences present, reinforcing the bullish bias.
Trade Recommendation:
Long Entry: At current price ($267.96).
Targets:
T1: $273 (premium zone retest).
T2: $280 (psychological level).
Stop Loss: Below $262.
Notes:
Consider a pullback to $264 for a better risk/reward entry.
Watch volume closely to confirm continuation toward targets.
Confidence Level: 8/10 for bullish continuation.
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EURUSD Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0473
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0393
Safe Stop Loss - 1.0518
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
XAUUSD ANALYSIS (READ CAPTION)Hello traders
Hope everyone is okay here's my idea on XAUUSD, what you think on it? share your thoughts on it in comment section with your knowledge.
XAUUSD is facing a major resistance zone guys, according to me it can go for short from this resistance area because it is a parallel channel's upper line also but if gold break the resistance then it will reach to all time new high till 2800 it can fall till the mentioned targets in the chart.
Key Points
Current price 2774.00
Resistance zone 2775/2782
Support zone 2755
Demand zone 2735/2730
Reversal Target 2800
Feel free to boost my charts and don't forget to follow support and share my idea with your friends
DeGRAM | GOLD is holding above the trend lineGOLD is in an ascending channel above the trend lines.
The chart maintains an ascending structure.
We still expect the price to reach the resistance level soon.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPAUD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPAUD is below:
The price is coiling around a solid key level - 1.9685
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.9658
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
THORChain Drops Nearly 30% Amidst 90-day Suspension of THORFiTHORChain ( CRYPTOCAP:RUNE ), a leading cross-chain liquidity protocol, has taken a severe hit, tumbling nearly 30% in 24 hours. This sharp decline follows the announcement of a 90-day suspension of THORFi lending services, igniting fears about the project’s financial stability. Let’s dive into the technical and fundamental aspects to understand the implications.
What Happened?
THORChain’s decision to pause THORFi lending services comes amid mounting financial uncertainties. Developers have initiated a 90-day restructuring plan aimed at stabilizing the platform. Key issues include:
1. Debt Overload:
- THORFi’s "Savers and Lending" programs accumulated significant unserviceable debt.
- Borrowings during lower BTC price levels created a shortfall, requiring the minting of CRYPTOCAP:RUNE to cover obligations.
2. Liquidity Concerns:
- Allegations of insolvency stem from insufficient Bitcoin reserves in lending pools.
- The lack of liquidation mechanisms worsened the financial strain.
3. Market Perception:
- Community members fear parallels with Terra/Luna’s infamous collapse in 2022.
- Synthetic assets backed by CRYPTOCAP:RUNE face increased scrutiny due to their reliance on liquidity pools for collateralization.
Despite these challenges, THORChain’s founder remains optimistic, stating that restructuring will allow the protocol to service its debt and restore stability.
Technical Outlook: What’s Next for CRYPTOCAP:RUNE ?
At the time of writing, CRYPTOCAP:RUNE is trading at $2.01, down 21% in the last 24 hours, with an RSI of 28.61, signaling oversold conditions.
Key Levels to Watch:
- Support: The 1-month low of $1.93 serves as critical support. A breach below this level could trigger a selling spree, pushing CRYPTOCAP:RUNE further down.
- Resistance: The nearest pivot point lies at the 38.2% Fibonacci retracement level, a potential target for recovery if market sentiment improves.
Trading Opportunities:
- Short-Term: Traders may capitalize on the oversold conditions for a potential bounce, especially as CRYPTOCAP:RUNE attempts to recover from the sharp decline.
- Long-Term: With the altcoin season expected in early March, analysts view this dip as an entry point for investors with a high-risk appetite.
Is This a Buying Opportunity?
While the current situation paints a grim picture, it also presents a window for traders to enter at discounted levels. The ongoing restructuring plan and the anticipated altcoin season could drive a recovery in CRYPTOCAP:RUNE ’s price.
However, caution is advised. The protocol’s financial health remains uncertain, and any further negative developments could exacerbate the decline.
Conclusion
THORChain’s current turmoil underscores the challenges faced by DeFi projects relying heavily on native tokens for collateralization. While the 90-day suspension of THORFi services aims to stabilize the platform, the road to recovery will depend on successful restructuring and improved market confidence.
For now, CRYPTOCAP:RUNE ’s oversold status and support at $1.93 offer short-term trading opportunities, but long-term investors should remain vigilant. The next few months will be critical in determining whether THORChain can emerge stronger or succumb to its financial woes.
USDZAR-BUY strategy 6-horuly chart GANN. SQthe pair is slightly oversold, but not extreme and some danger still remains for lower levels. However, looking at stochastic, bit negative but the lower level and RSI, I think we are starting to find a short term base. I think we may see recovery short-term 18.5500.
Strategy BUY @ 18.3350-18.3650 and take profit @ 18.5450 for now.
(Lunar New Year Special) january 24 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Bitcoin 4-hour chart
This is the main drawing section.
It seems to have taken about 2 and a half hours just to draw it.
The section where the flag is marked is the section where the daily chart is created,
and the last flag is January 31st, when the holiday ends.
This week, there has been absurd and bizarre repetition of
unasked rises and unasked falls.
The reason is that after the report was updated,
as I explained in detail in the last video,
it is right before the bitcoin price skyrockets.
Based on the Bollinger Band weekly chart, it is important to see whether the resistance line is touched first
(a major rise)
and whether the MACD dead cross on the weekly chart
will occur first,
and adjustments and sideways movements will occur.
Based on that, if you look at the high and low points on the right,
I have indicated the prices.
At the very top, 117,182 dollars touches the weekly chart resistance line,
moving towards a mid-term upward trend
If 99,703 dollars at the bottom is broken first,
it will be the place where the weekly candle low is broken.
It would be bad if the two light-colored sky-blue support lines I drew were broken.
Because it is the place where the sideways movement and support line are broken,
I calculated the main section, so
I think it would be good to refer to it.
This is a 30-minute chart of Tether Dominance moving in the opposite direction of the beat.
Today, in terms of the pattern,
it touched the 5-minute and 15-minute resistance lines,
and the 30-minute chart resistance line section order.
I carried out a short position strategy in the sky blue finger section/strong downward section.
In the case of Tether Dominance,
the 6-hour chart and 12-hour chart MACD dead cross are currently in progress.
I applied it to Bitcoin as is.
Here is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 12 o'clock tonight.
The Nasdaq is in the process of a 6-hour MACD dead cross,
and I judged that this section is not very dangerous.
The short-term pattern is still alive,
and the MACD golden cross is imprinted on the weekly chart,
and even if there is a strong adjustment in Nasdaq,
since the 1+4 rising pattern is waiting,
I focused on the rise and proceeded with the strategy.
*One-way long position strategy when the red finger moves
1. $104,740 long position entry section / stop loss price when the green support line is broken
2. $109,231.5 long position 1st target -> target price in order from the top
Based on the Tether dominance movement and the Bitcoin pattern,
I focused on the rebound from the 30+1 pattern.
Up to the first section, it is a sideways movement, and from the top section, it is a new record, and if it reaches this point, it will continue to rise significantly.
In preparation for a strong adjustment in Nasdaq,
I maintained the stop loss price for the 30-minute support + 1-hour support of the second section, which is marked as the final long position waiting section.
If it touches the bottom section today,
It is not good because the daily chart low is broken.
If it falls to 101.4K at the very bottom,
Pay attention to the 6+12 pattern that was not recovered yesterday.
Basically, if it comes down to this section,
It is not good because the center line of the 12-hour Bollinger Band chart has been touched several times,
and the support line of the 6-hour chart is also open.
Please refer to the final support line explained at the mid-term point at the top.
Today, I explained it in detail for the first time in a while,
and I did my best to analyze a week's worth,
I hope it was helpful for your actual trading.
Up to this point, I ask that you simply use my analysis for reference and use only
and I hope that you operate safely with principle trading and stop loss prices.
Since it's a long holiday,
don't just look at the charts,
and I hope all my followers have a good time with their families next week on Lunar New Year.
Happy New Year.
Thank you always.
GOLD knocking on the door of the current all-time highTVC:GOLD continues to advance rapidly and is already getting closer to the current all-time high. But can the price stay above the current all-time high of around 2790 by the end of this month? Let's find out.
More a more detailed technical analysis watch the video.
MARKETSCOM:GOLD
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ES/SPX Morning Update Jan 24thES has been on an 8-day winning streak, with momentum still riding off Monday’s 6020 Failed Breakdown. Yesterday’s reclaim of 6115 drove the move to my key targets at 6136 and 6154, both hit.
As of now:
• 6135 = support; holding above keeps 6161, 6172, and 6185 in play
• If 6135 fails, expect a dip to 6115, then 6098-6105
Dollar down, Metals, Miners, Crude Up! SPX new high, Bitcoin???Premarket US dollar down while precious metals and mining stocks get a bid higher. SPX closes above 6118$ making new record high. Crude oil gets a minor bounce, can it retrace to $77? What is Bitcoin doing next? Will it close higher or sell off from here? That is the question.
My Analysis of the DXY ChartLooking at this chart, the DXY is moving within an ascending channel defined by the two white trendlines. Based on my analysis, there are a few key levels to watch, especially the Fibonacci retracement levels.
First, if the price starts to drop from the upper boundary of the channel, it is likely to retrace down to the 0.61 Fibonacci level. This is an important support zone, and the price might bounce back up from here.
However, if the 0.61 Fibonacci level doesn’t hold, the price could continue falling towards the 0.78 retracement level. This level is a much stronger support and could trigger a significant reversal if the price reaches it.
Finally, the lower boundary of the channel, marked by the white trendline, serves as the ultimate area of support. If the price falls this far, there’s a strong chance it will bounce back upward within the channel.
This analysis highlights the key zones where the price is likely to react and helps identify the next potential moves for the DXY