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Avax Up to 27 % Or Dump to 16% !?Diamond Pattern Analysis After breaking the upward trendline, a downward movement can be expected. The first target is $44 and the second target is $35. If the downward trendline breaks, an upward movement towards higher numbers can be expected. The first target is $69 and the second target is $81. It is crucial to set a stop-loss because this pattern doesn't always work accurately. Remember, this is solely an analysis, and your profit and loss are your own responsibility.
by Crypto-Oracle1
#OIL Price at profit taking placeHello everyone, I'm thrilled to share my 101st analysis here, marking a significant milestone in my journey. While there were certainly some analyses that didn't pan out as expected, I believe the ones with better results outweighed them in total. I'd like to express my gratitude to those who supported the ideas, left comments, or liked the analyses. Your engagement motivates me to continue improving the quality of my work. Now, let's delve into the analysis of the Oil price, as it has reached a crucial price level where profit-taking activity may occur, potentially leading the price lower. As shown in the chart, not only has the price reached a bearish trendline that previously held it at lower levels, but we are also currently at the one-to-one price target projection of an inverted head and shoulders pattern , a level where many pattern traders would consider taking profits. It's worth to note that as soon as the price reached this area, it encountered some bearish pressure and failed to sustain its bullish momentum. At present, based on my strategy, I don't have any bearish signals or triggers. However, with a bit more patience, I believe a good opportunity may present itself soon. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_BRENT
by mohemati
1
#USDCAD rising wedge pattern breakoutIn case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
1
#GBPNZD symmetrical triangleIn an overall bullish move, the price is forming a symmetrical triangle chart pattern formation, which is neutral in nature but can adopt a trend sentiment, which in this case is bullish. Therefore, we could assume with a higher probability that the price could break above this pattern. In the event of a bullish breakout, we could look for a retest to take a long position at the pullback area. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
5
#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
#OP/USDT confirmed breakout Ascending Triangle for Long entry!OP/USDT The identified pattern is an ascending triangle, which indicates an upcoming bullish uptrend. This suggests the potential for a significant price increase, potentially reaching as high as $12. #OP/USDT LONG ENTRY Leverage: 1x Entries: $4.585 Take profit 1: $5.784 Take profit 2: $7.300 Take profit 3: $12.056 Stop Loss: $3.572 BINANCE:OPUSDT NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk! Thanks The sroced.
Long
by srocedtrading
Crude Oil Analysis: Bullish Momentum Expected After BreakoutCrude oil has recently encountered resistance and experienced a pullback from this level. However, it is currently trading within an ascending channel, suggesting that the bears are losing momentum, while the bulls are gaining control of the market dynamics. Key Observations: 1. Resistance Encounter: Crude oil faced resistance at a significant level, prompting a temporary retreat. 2. Ascending Channel: The price action is confined within an ascending channel, indicating a bullish bias in the market sentiment. 3. Breakout Confirmation: Notably, the price has broken and closed above the critical resistance level of 83.00, signaling a potential shift in momentum towards the upside. Anticipated Move: - With the breakout above 83.00, I anticipate a continuation of bullish momentum in the near term. - The breakout suggests renewed strength in the market, potentially leading to further upside movement. - Bulls are likely to dominate as the momentum shifts in their favor, with potential targets being the next resistance levels. Trading Implications: - Consider long positions or bullish strategies in anticipation of the upward momentum. - Implement risk management strategies, including stop-loss orders, to mitigate potential downside risks. - Monitor price action for confirmation and adjust trading plans accordingly based on evolving market dynamics. Overall, the breakout above the resistance level of 83.00 suggests a bullish outlook for crude oil, with the potential for further upside movement in the near term. --- Share your thoughts in the comments and support the analysis with boost thanks for the follow.
EASYMARKETS:OILUSDLong
by Forex_Haleh_signals_professor
1
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets. In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro. Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro. Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term. --- Please like comment and follow thanks for support.
Short
by Forex_Haleh_signals_professor
Technical Analysis of Gold (XAU/USD) Read Caption. Introduct ion: Gold (XAU/USD) has recently exhibited a notable pattern on the H4 timeframe, signaling a potential trading opportunity. 📉 A double top formation has emerged, suggesting a shift in market sentiment and a possible trend reversal. This analysis will delve into the implications of this pattern and identify potential trading levels for short-selling opportunities. 💼📉 Analysis: The H4 candlestick chart for Gold (XAU/USD) reveals a clear double top formation, a classic bearish reversal pattern. 📈 This formation consists of two consecutive peaks at approximately the same price level, separated by a trough. Such patterns often indicate exhaustion of bullish momentum and a subsequent reversal in prices. As of the latest market data, Gold is trading within the range of 2033 to 2035. 📊 This presents an opportune moment for traders to consider short-selling positions. The confirmation of the double top pattern suggests a shift in momentum from bullish to bearish, aligning with the principles of technical analysis. 📉💰 Potential Trade Setup: Considering the bearish sentiment indicated by the double top formation, traders may seek short-selling opportunities targeting key support levels. Initial targets for short positions lie within the range of 2023 to 2018, reflecting potential downside momentum in the market. 📉🎯 Risk Management: As with any trading strategy, prudent risk management is essential. Traders should implement appropriate risk mitigation techniques, including setting stop-loss orders and managing position sizes according to their risk tolerance. ⚠️🛡️ Conclusion: In conclusion, the emergence of a double top pattern on the H4 timeframe for Gold (XAU/USD) suggests a favorable environment for short-selling opportunities. Traders may consider initiating short positions within the current trading range, targeting downside levels around 2023 to 2018. However, it is imperative to adhere to sound risk management practices to safeguard against adverse market movements. 📉🔒 Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consider their individual risk tolerance before making any trading decisions. 📚🔍
OANDA:XAUUSDShort
by Forex_Haleh_signals_professor