XRP's Correction Might Not Be OverIt looks like XRPUSDT can recover any minute now but the correction might not be over.
Good morning my fellow Cryptocurrency trader, what an unpredictable market we have today.
The action has been bearish since 12-May and bearish momentum continues to grow. It seems the bearish action is stopping now but XRP has not reached support. While a recovery can happen any day, the signals are bearish and we have three consecutive days the action being red, plus more than two weeks seeing lower prices.
We are bullish long-term but short-term anything can happen.
Bearish volume is very, very low which means that the down-move has no strength. How much lower can it go? Always a higher low because XRP will continue to grow long-term.
The correction might not be over.
Namaste.
Chart Patterns
USDT dominance chart!The chart shows USDT.D (Tether dominance) moving within a descending channel.
Currently, USDT.D is testing the upper resistance of the channel, around 4.65%.
If the dominance gets rejected at this level, the next potential target is the lower channel support around 3.9-4.0%.
This could indicate a risk-off environment where traders move capital from stablecoins (USDT) to more volatile assets like Bitcoin or altcoins.
The 50 and 200 moving averages provide dynamic resistance levels that support this potential downside move.
Thanks for your support!
DYOR. NFA
Today's BTC trading strategy, I hope it will be helpful to you
From a macro policy perspective, Bitcoin's development is ushering in a potentially favorable environment. Take the United States as an example, discussions around cryptocurrency policies have gradually increased in recent years. Although the direction has not been fully clarified, some positive signals continue to emerge. For instance, certain U.S. legislators have proposed bills to promote the compliant development of the cryptocurrency industry, aiming to establish a clearer regulatory framework for digital currencies like Bitcoin. Once these policies are implemented, they will attract more traditional financial institutions and compliant funds to enter the market. Additionally, globally, more and more countries are researching and exploring the application of digital currencies, and the acceptance of Bitcoin is gradually increasing. This improvement in the policy environment provides a solid foundation for Bitcoin's price increase.
Bitcoin's macro policy environment is transitioning from "unregulated chaos" to "compliance-driven order." The clarification of regulatory frameworks in the U.S. and the advancement of global central bank digital currencies (CBDCs) form a long-term bullish logic. With the current price correction to the key support level of 105,988 USD and technical signs of stabilizing, this presents an ideal window to position for both "policy dividends" and a "technical rebound."
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@105000~106000
SL:103000
TP:108000~109000
As volatility remains elevated, keep an eye on Bitcoin 2025
Bitcoin prices remain stuck between $107,000 and $110,000 as traders look ahead to potential market-impacting announcements from the Bitcoin 2025 conference in Las Vegas. Heightened near-term volatility suggests caution, with historical precedent prompting defensive positioning.
Traders brace for impact ahead of Bitcoin’s biggest annual gathering
Bitcoin’s price action has been noticeably subdued, trading in a narrow range of $107,000 to $110,000 even as traditional stocks experienced a strong rally last Friday. Institutional demand for Bitcoin spot ETFs continues to provide fundamental support, according to the latest insights from QCP.
However, the continued increase in front-end implied volatility suggests traders are positioning around potential headline risk from the upcoming Bitcoin 2025 conference in Las Vegas, which will be held from May 27 to 29.
The conference will feature some notable names, including U.S. Vice President JD Vance, Michael Saylor, Donald Trump Jr., and Eric Trump. This high-profile gathering is similar to the Nashville Bitcoin Conference last July, when President Trump's keynote speech coincided with a spike in implied volatility to over 90 on the same day, followed by a nearly 30% two-day drop in Bitcoin prices.
While a similar retracement is unlikely, current market positioning suggests a defensive bias. Open interest in perpetual contracts has declined and funding rates have normalized over the past 24 hours. Notably, some high-beta retail traders, such as James Wynn, have scaled back their exposure. The need for short-term downside protection remains a focus.
In the short term, Bitcoin is expected to remain range-bound. Once the conference is over and key speeches are completed, front-end implied volatility is expected to contract as risk premiums fade.
Euro may grow to resistance level and then drop to 1.1275 pointsHello traders, I want share with you my opinion about Euro. After forming a strong upward move from the buyer zone (1.11850–1.1210), the price rose sharply, broke the mid-range resistance, and entered the seller zone between 1.1380 and 1.1400. Once it reached the upper boundary of the broadening wedge, the price bounced down from resistance at 1.1380. Now the price is trading inside a broadening wedge, showing signs of a potential reversal. After failing to hold above resistance, the Euro started to decline from the seller zone, confirming selling pressure. The current movement points to a correction within the wedge structure. I expect the Euro will continue falling toward 1.1275, my TP 1, where the support line of the wedge coincides with the upper boundary of the previous buyer zone. This zone has already shown strong reactions before and could act as a short-term reversal area. Given the recent rejection from resistance, the broadening wedge formation, and return from the seller zone, I remain bearish and anticipate further decline. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Tesla Stock Analysis: Anticipating a Dip Before a Surge to $366Currently, Tesla's stock is trading around $298, and I'm expecting a slight retrace downwards towards the $250 to $268 price range. From that area, I anticipate a rally upwards, targeting the $366 area.
In summary:
Current Price: Around $298.
Expected Retrace: To the $250 - $268 range.
Expected Rally: Towards $366.
Please remember that this is just an analysis and a forecast, and the stock market is unpredictable. Always conduct your own thorough research before making any investment decisions.
DeGRAM | GOLD under the $3300 level📊 Technical Analysis
● Third touch of the channel’s upper rail near $3 330 printed a shooting-star and price is now riding back under the internal trend-pivot $3 315, restoring a sequence of lower-highs.
● Intraday support from the short-lived wedge has flipped to resistance; acceptance below the $3 284 line exposes the mid-band $3 210 and, if momentum persists, the channel floor/April pivot at $3 120.
💡 Fundamental Analysis
● US 5-yr yield hit a five-week high after Fed’s Williams said policy is “not restrictive enough yet”, while the DXY held near 105 as May jobless claims surprised on the downside. Higher real rates and a firmer dollar keep ETF outflows running.
✨ Summary
Sell rallies ≤$3 315; breakdown under $3 284 targets $3 210 then $3 120. Shorts negated on a 4 h close above $3 350.
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EURO - Price can make movement up and then drop to $1.1100 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price declined inside a falling channel, where it fell to $1.0735 points and then made an upward impulse.
Price exited from channel and reached $1.1100 level, which it soon broke it and continued to move up.
Later Euro rose to $1.1425 points, and then made a correction, after which, in a short time, price rose higher this level.
After this movement, price turned around and started to decline, breaking $1.1425 level again and entered to flat.
In flat, Euro bounced from $1.1100 level and started to grow inside a flat, and later rose to resistance level.
Recently price started to decline, so I expect that Euro can rise a little and then continue to decline to $1.1100 level.
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Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Bullish Breakout in EUR/USD: Key Levels to Watch This WeekHi everyone,
EUR/USD had a strong week, climbing higher from the May 12 low and further reinforcing our view of a potential long-term bullish trend.
We anticipate further upside towards the 1.13768–1.13940 zone, followed by a possible pullback toward the 1.1200 area. We’ll share more updates on the expected path for EUR/USD if and when price reaches that zone.
The longer-term outlook remains bullish, and we expect the rally to extend towards the 1.2000 level, as long as price holds above the 1.10649 support.
We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for the week ahead. Trade safe.
BluetonaFX
PLTR Flag Breakout Near ATHSmall catalyst today. It sold off on it at the open and quickly took out its opening range. Ive added a position here in the 126s with a stop at the low of the day.
We have a nice flag pattern. With a ton of support at the 20sma.
We have dipped now multiple times into the 9/20 zone (shaded area) and its been absorbing each time.
This is a bullish sign its had multiple times where it looked like it could sell off only to get bought up.
Solana (SOL) Rectangle (4H)BINANCE:SOLUSDT appears to be forming a rectangle, clearly visible on the 4H chart.
Key Levels to Watch
• $160: Support
• $185: Resistance
Measured Targets
Activated, respectively, with a 4H close with good volume below support or above resistance.
• $135: Rectangle Short Target
• $210: Rectangle Long Target
BTC Dominance – Round Top Pattern Brewing on 4H🔶 BTC Dominance is forming a Round Top pattern on the 4-hour chart, signaling potential reversal pressure.
🛑 Watch the key level at 63.5% dominance — a break below this could pave the way for altcoins to rally hard.
👀 This zone is critical for alt momentum shifts. Stay alert for decisive moves!
RIVIAN: Same Setup?NASDAQ:RIVN Historically, RIVN’s rallies have lined up with summer delivery updates, EV hype cycles kicking in, and broader market rotations into speculative growth 100%+ in 2023, 100%+ in 2024. This year it’s setting up again , both spikes came after strong volume in May and were followed by multi-week momentum through June. Feels like that rhythm’s trying to repeat. We’ve got a clean BOS, volume confirmation, and structure matching up. If buyers defend this zone again, this could be the third summer in a row Rivian runs. Watching it close.
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 61.25
Target Level: 56.17
Stop Loss: 64.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTCUSD Breakdown from Pennant – MMC Structure Analysis + Target🧠 Introduction: Why This Chart Matters
Bitcoin recently provided a textbook example of market manipulation, where the price action formed a bullish-looking pattern (Pennant), trapped traders with a fake breakout, and then reversed strongly to the downside. By using Mirror Market Concepts (MMC), we can clearly see the logic behind this move—how the market mirrored a previous pattern and fulfilled a predictable target zone.
This analysis breaks it all down, step-by-step, for both educational and practical trading purposes.
🔍 Detailed Chart Breakdown:
1️⃣ The Illusion – Bullish Pennant Formation
Initially, BTC/USD formed what looked like a bullish pennant—a common continuation pattern in technical analysis. The pattern appeared after a sharp upward move, followed by converging trendlines suggesting consolidation.
Retail traders often anticipate a breakout above the pennant as a sign of bullish continuation. This is where the trap begins.
Why It’s a Trap: The pattern looked clean and reliable—but the context told another story. This move was designed to lure breakout traders into long positions right before a reversal.
2️⃣ The Fakeout – Liquidity Grab Above the Pattern
Shortly after the pennant formed, price pushed above the upper trendline, triggering breakout entries and stop losses of short-sellers. But instead of continuing up:
The price reversed sharply.
This aggressive move confirmed the fakeout.
This is a classic example of a liquidity hunt, where the market moves briefly in one direction to gather orders before executing the real move.
📌 MMC Insight: This behavior mirrors a prior setup—price previously faked upward, then dropped to a key demand zone. The mirror pattern gives a clue that the same outcome might repeat.
3️⃣ CHoCH – Change of Character Confirmed
After the fakeout, BTC broke below a key internal support and trendline structure, signaling a CHoCH (Change of Character)—a shift from bullish to bearish market control.
This moment is crucial:
It confirms the smart money’s intention.
It signals that the previous bullish move was just a setup.
Sellers now have control.
💡 Pro Tip: CHoCH is one of the earliest and most reliable signs of a reversal when combined with liquidity patterns.
4️⃣ Trendline Break & Structural Sell-Off
The break of the trendline following CHoCH solidified the bearish direction. This was the best confirmation-based entry point, as the structure flipped and began forming lower highs and lower lows.
5️⃣ Target Fulfilled – Previous Demand Zone Hit
The price then continued down aggressively and hit the marked MMC target zone. This area coincided with:
A previous demand zone (where buyers stepped in before).
A Mirror Market reversal point, seen earlier in the chart.
This fulfillment of the MMC target validates the entire analysis—from trap to reversal to target.
🎯 Key Zones:
Fakeout High: $69,600 area (liquidity sweep)
CHoCH Break Level: Around $69,100
Trendline Break Confirmation: $69,000
Final Target Zone: $68,500–$68,700
📈 Trading Strategy Recap:
Entry Idea: Enter short after CHoCH and trendline break
Stop Loss: Above fakeout high ($69,600+)
Take Profit: MMC demand zone ($68,500–$68,700)
This trade offered excellent risk-to-reward and confluence using multiple tools (MMC, CHoCH, structure, liquidity sweep).
🧠 What You Can Learn from This Setup:
Patterns Can Lie: A pattern like a pennant isn’t enough—context is key.
Liquidity Is King: Understand where the market needs to go to collect orders.
Mirror Market Concepts Work: Historical behavior often repeats in reverse. Use MMC to forecast likely outcomes.
CHoCH is Powerful: It's your early alert system for trend changes.
🔎 Final Thoughts:
This BTC/USD chart is a powerful example of how smart money operates—with manipulation, pattern traps, and mirrored market behavior. If you’re a price action trader or use MMC, this breakdown is a must-study.
Don't just trade patterns—trade context. Look for traps. Use MMC. Watch CHoCH. And always have a mapped target based on structure.
CrowdStrike’s Chart Is Showing Caution Signs Ahead of EarningsCloud-based cybersecurity firm CrowdStrike Holdings NASDAQ:CRWD is set to release fiscal first-quarter results after the bell next Tuesday (June 3). Let’s check out the company’s technical and fundamental picture heading into the report.
CrowdStrike’s Fundamental Analysis
I'm not going to lie -- I’ve been long CRWD for a while and the stock has been very, very good to me. However, I see some reasons to be cautious moving forward.
At last check, the Street was looking for the firm to report $0.66 in fiscal-Q1 adjusted earnings per share on $1.11 billion of revenue. That would compare less than favorably to the $0.93 in adjusted EPS that CrowdStrike reported in the same period last year.
On the other hand, $1.11 billion in revenue would represent 20% year-over-year growth for the firm.
However, look at those two figures together and they appear to point to some margin compression. Additionally, 20% y/y sales growth -- while nothing to sneeze at -- would represent sequential deceleration of growth from the quarter just prior.
As a matter of fact, that would mark a fourth consecutive quarter of slower year-over-year growth from the prior 13-week period.
If that's not enough of a concern, all 32 sell-side analysts I can find that cover CrowdStrike have lowered their earnings estimates for the current quarter since it began.
CrowdStrike’s Technical Analysis
I charted CRWD for a different publication a month ago and pointed out what looked at the time like a “double bottom” pattern of bullish reversal.
That set-up worked like a charm, but I’m less confident in what the stock’s chart is showing us now:
True, readers will see still the double-bottom pattern of reversal that I mentioned, marked with two green boxes at left and showing a $392 pivot that stretched from late February into mid-April.
But at CrowdStrike’s recent $474.23 high, the stock was up 28% from that pivot. That’s often close to or even better than what one can expect to get out of a breakout.
And now, we see a so-called “rising-wedge” pattern of bearish reversal developing on the chart’s right side, as denoted with a red box above.
True, CRWD took back its 200-day Simple Moving Average (or “SMA,” marked with a red line above) as it climbed from the stock’s early April lows. The stock also retook also its 50-day SMA (marked with a blue line) and 21-day Exponential Moving Average (or “EMA,” denoted by a green line) during that period.
All of that means the stock should historically see some support on the way down, but we're still talking about a 13% drop before the 50-day line comes into play.
Meanwhile, CrowdStrike’s Relative Strength Index (the gray line at the chart’s top) remains strong, but its daily Moving Average Convergence Divergence indicator (the black and gold lines and blue bars at bottom) is sending mixed signals.
The MACD’s 9-day histogram (the blue bars) has been flipping back and forth in and out of negative territory for almost a month, while the 12-day EMA (the black line) has been wrestling with the 26-day EMA (gold line).
When the gold line is on top of the black line, that can be bearish, especially when the 9-day EMA slips below zero.
For the bulls to win out, it appears necessary for CrowdStrike to hold onto both the rising wedge’s bottom trendline and the stock’s 21-day EMA. And for the bears, those two points would serve as your downside pivots.
Should you take profits here? That's up to you.
But at the very least, the above chart seems to show that CrowdStrike investors should proceed with caution.
(Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle was long CRWD at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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