XAUUSD Short Opportunity: Bearish Momentum AheadGold (XAUUSD) has recently shown signs of a potential downturn. After reaching a significant resistance level, we are seeing bearish patterns indicating a possible shorting opportunity.
With the current market setup, a short position on XAUUSD appears promising. However, it's crucial to stay updated with market news and economic indicators that could affect gold prices.
Compression
Planning for Next Earnings Season: DFSNYSE:DFS has a platform trend since the highs and lows are very consistent, suggesting controlled buying over time. It had a compression pattern before the pop out of the box white candle and a small gap up candle as the first attempt to break out to the upside. The stock may drop back into the platform range but if it holds, it's a good indication that earnings have improved. This is an example of a good pattern to watch for a pre-earnings run setup with potential to swing trade to earnings. Discover reports July 17th.
BEAMUSDTHello friends
on the condition of maintaining the support area of $0.0662; The probability that we will get out of this compact state from the top is strengthened.
Finally, we must consider; From this compressed state, whether we exit from the top or from the bottom, the movement process will be fast.
Also, according to sentiment data; Interest in this cryptocurrency has increased
What do you think?
Technical Analysis Reveals Explosive Gain PotentialWatch out, crypto-enthusiasts! Our latest technical analysis reveals that KAVA could be on the verge of a meteoric rise. The study of the graph demonstrates a remarkable compression zone, often precursor to increased volatility and imminent directional movement.
The recent consolidation in the support area, combined with a decline in volumes, suggests a discreet accumulation by informed actors. Such a price squeeze is a classic prelude to a powerful boost. The key indicator here is the underlying resistance. A breakthrough beyond this border could catalyze an impressive rally, with a target projection indicating a potential increase of 145.74%, as denoted by the sky blue rectangle.
This setup is not only a signal for traders, but a call to anyone looking to capitalize on the dynamic opportunities offered by cryptos like KAVA. For sophisticated technical analysis, insightful forecasts and real-time trading advice, be sure to follow me. Together, let’s discover the gems of the crypto market
ETC: Building Momentum to Break Descending Channel 🚀ETC's Journey Toward Breaking the Descending Channel:
Prolonged Descending Channel: Since October, ETC has been confined within a descending channel, reflecting a prolonged period of downward movement.
Building Bullish Momentum: The current market dynamics reveal a notable compression occurring under the upper boundary of the descending channel, suggesting a gathering of bullish momentum.
Key Observations:
Channel Exit Anticipation: Traders and investors are keenly observing ETC as it approaches the upper boundary of the descending channel, anticipating a potential breakout.
Bullish Sentiment: The compression under the upper boundary implies a shift in sentiment, with bulls gaining strength and preparing for a possible upward move.
Potential Implications:
Bullish Breakout Scenario: If ETC successfully breaks out above the upper boundary of the descending channel, it could mark the end of the extended bearish phase and signal a new bullish trend.
Target Levels: Traders will be eyeing key resistance levels beyond the channel exit for potential targets as ETC strives to establish a new upward trajectory.
Trading Strategy:
Confirmation and Entry: Wait for a confirmed breakout above the upper channel boundary before considering entry, ensuring it aligns with supporting volume and price action.
Risk Management: Employ risk management tools, such as stop-loss orders, to mitigate potential downside risks and protect trading capital.
Conclusion:
As Ethereum Classic approaches the upper boundary of its longstanding descending channel, the compression suggests a shift in market sentiment. Traders are on the lookout for a potential breakout, which could signal the beginning of a new bullish phase for ETC.
Wishing you successful trades as we monitor ETC's journey toward potential channel exit!
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Ocean Protocol: Strong compression that could become explosive!Ocean Protocol (OCEAN) seems to be in a very strong compression and could therefore soon blow up! Despite a small fake out from the top, the other breakouts are just wicks that are very well recovered, as can be seen on the last two low wicks. A breakout from above could at the very least take us towards $0.42, and a breakout from below could see the asset fall towards $0.23-$0.24. We favour an upward movement, but proceed with caution!
FTMUSDTHello dear friends
The price range of $0.2929 is very attractive for Phantom, it has reacted interestingly when approaching this range in the past. Of course, it should be noted that the reaction did not create a higher ceiling.
If the downward trend line is broken upwards, provided that the loss limit zone is maintained, there is a possibility of forming an upward trend.
AVAXUSDTHello Dear friends
We have bullish signals on higher time frames; Like the possibility of completing the bearish wedge pattern at the end of the downtrend, provided that the price range of $11.18 is maintained
But on the 30-minute time frame, we have a tight movement that can be from both the top and the bottom, and the probability of its exit is high. Provided that the range of $15.93 is maintained, there is a high possibility of forming a downward trend in lower time frames, similar to the drawn scenario.
We would be happy to hear your comments
NVDA, AMD Bottom FormationsNVDA continues to work on its bottom. The Reversal Candlestick in October signaled the end of this stock's correction. The stock has plenty of growth for the future.
The red line is the bottom completion level for this chart, a strong resistance level. There's strong point gain potential when the current sideways action breaks out upward.
Volume-based indicators are showing slow but steady hidden accumulation.
If the current sideways action breaks down, support from the buy zone is quite close.
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AMD is waffling around the U-Shaped Bottom's completion level, which is usually a quick short-term bottom.
Once it can sustain within the prior trading range, it can start to develop a range that can then compress and break out. So, it has a couple of areas to work on.
Meanwhile, it has sufficient past swing-style runs to be considered for a swing trading watchlist when the short-term bottom completes.
If it breaks down to retest the bottom lows, beware of the support at the buy zone.
30 Minute TimeframeHere is the new indicator on the 30 min timeframe.
I wrote it to read daily SPX even in smaller timeframes so you can get more frequent updates on gamma and delta.
Combine with Ichimoku Cloud and some TA and you got some predictable outcomes to build hedging, swing trades or even scalping short squeeze bottoms.
Ascending Triangle is a perfect example of volatility compression.
Higher at top of triangle = Volatility
Rising lower trend line = Support
Vix is playing its part.
Below trendline = volatility compressing 🤷
Above trendline = volatility compressing 🤷
I think this sideways chop with squeezes higher or dumps overnight / AM continue until CPI on the 13th.
CAKEUSDTThe long-term upward trend line has been maintained so far, on the other hand, a tight movement has formed in the four-hour time frame.
Keep in mind that the price can break out of compression both from the top and from the bottom, depending on the type of movement in the lower time frames, it is more likely to break out from the bottom.
The confirmation of the above scenario is the price reaching the $4 range.
We would be happy to hear your comments