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Consolidation

HelenP. I Gold will fall to $2130, thereby breaking trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it at once reached support 1, which coincided with the top part of the flat and support zonee, after which the price turned around and in a short time declined to support 2. After this movement, XAU some time traded near this level, which coincided with one more support zone, but later price made an impulse down to the trend line, thereby exiting from consolidation and breaking support 2. Then Gold started to rise between the trend line and soon broke support 2 again, after which it declined below this line and later rebounded up to support 1. Soon, Gold broke support 1 and also later trend line too. After this movement, the price rebounded from the trend line and continued to move up, and now the price trades a little higher than the trend line and I think Gold will fall lower the trend line, thereby breaking it. That's why I set my target at the 2130 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
GOLD → NFP. $2200 or $2100? What could happen?FX:XAUUSD is in the bull run phase. The price growth is fueled not only by the breakout of consolidation, bullish trend, but also by the huge interest on the background of negative geopolitics, high inflation, but also by the fundamentally weakening dollar. The price is forming strong consolidations with subsequent growth without correction phases, which tells us that there is either a strong buyer or no seller, which is more likely. For the market, psychological levels may be the targets. Such as 2175, 2200. The scenario with a false breakdown of the past ATH failed due to fundamental factors. So at the moment we need to consider a test of the above mentioned important levels. There is news ahead which is important but at the same time unpredictable. Be careful. Price entry into the risk zones will trigger a strong sell-off phase. Resistance levels: 2175, 2185, 2200. Support levels: 2161, 2145, 2100 It is hard to expect anything amid strong growth and approaching NFP. The market may be very aggressive and give high volatility and volume. Within this framework, the price can quite confidently test both 2200 and 2100 (buyer liquidation phase) TVC:DXY CAPITALCOM:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
8
GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying. A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly. Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827 Support levels: 1.2685, 1.270 Resistance levels: 1.827 I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range Regards R. Linda!
Long
by RLinda
3
EURUSD → Consolidation for continued growth. What's the target?FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The dollar index also stands still and continues to shrink to the support. A local channel is forming on H1, another retest of 1.07958 or trend support is possible, after which the currency pair may head towards the targets indicated on the chart. There is no news today, so the trading session on Monday may be calm. Support levels: 1.07958 Resistance levels: 1.08975, 1.1000 I expect the growth to continue within the emerging setup. A change in the local trend is forming within the global flat. Consolidation may form the potential for the continuation of the formation of a bullish impulse. Regards R. Linda!
Long
by RLinda
5
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH and gain buying pressure along that way perhaps accelerated by short sellers liquidating their positions. I will take a long trade here of both shares and call options.
NYSE:UBERLong
by AwesomeAvani
GOLD → Distribution continues. Is the target of 2150 relevant?FX:XAUUSD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth? The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation, from which the price recently came out, lasted for 3 months, which allowed the market to accumulate a huge potential. The realization of such potential may take 20-40% of the duration of this consolidation. But, it is not about the distribution, but about the whole upward movement. Gold continues to form a global bullish trend. Consolidation is forming on H4. Breakout and consolidation of the price above 2020 will form the potential for further growth to the maximum. Resistance levels: 2120, 2145, 2150 Support levels: 2110, 2100 I expect growth to continue within the realized distribution phase, as the market has not yet reached its target. Local corrections, traps are possible, but the target may be reached in the near future TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GOLD → Distribution phase. When do we reach 2150?FX:XAUUSD is moving out of range. A distribution is being formed. During the trading week the price strengthens by 2.5%, and the closing of the price on Friday gives us prerequisites for further movement As part of the outlook, gold has quite an interesting path ahead. Interest in the metal is increasing, especially within the framework of the unstable 2023 and early 2024. All of last week was favorable for gold as the US market pulsed with negative economic data. This contributed to the end of the consolidation and the beginning of the distribution. US regulators are not doing a very good job. Inflation is still high, jobless claims are rising, GDP is falling. But what they are confidently doing well is keeping interest rates flat for extended periods of time. lol Prolonged consolidation is getting a denouement. Price is moving out of the triangle upward, breaking the range resistance. And the prerequisite for the resistance breakout was volume growth and consolidation formation near the upper boundary of the range. Since we see the distribution on the background of volume growth, and the closing of the daily candle on Friday indicates that the movement is not over, we can assume that the breakout of 2084 will provoke the continuation of growth to 2090, 2100 and further to 2150 - ATH. Based on the general situation at the moment, we can distinguish two highly probable scenarios. Since the market is bullish, as evidenced by the previously mentioned facts, we can conclude from the current assumptions: resistance breakout, realization phase, distribution, Friday candle closing, growing volume, that we should look for further growth. Scenario 1 : Consolidation between 2087 and 2078 followed by a squeeze to 2087, breakout and rise to 2100 and 2125 Scenario 2 : Correction to 2078, to Fibo 0.236. False breakout, return to the range of 2087 - 2078. Breakout of resistance and growth to ATH Resistance levels: 2082, 2087 Support levels: 2078, 0.236 fibo, 0.382 fibo COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
18
BITCOIN → Rally stop. When do we reach $69 000 - $70 000?BINANCE:BTCUSD is testing 64K on the background of the rally triggered by the huge buying interest and is likely to enter the consolidation phase again. There is a little more than 10% to the global target, when will we reach it? img: Strong zones, market circumstances and long-term outlook The prospects for BTC are quite high as BTC-ETF advertising campaigns, trading volumes, records in ETFs, buying interest in both BTC and BTC-ETFs together continue to gain momentum. BTCUSD is testing 64K quite a bit faster than everyone expected back in January-February. The strong distribution is once again transitioning into consolidation. At the moment, intermediate and global targets are 64900, 67800 and 69000. Strong support zones are the 50-52K zones and the places where strong lines are crossed. Based on market data, a huge amount of BTC was bought here, which makes this area an intermediate market bottom. Also worth noting is the 59K-60K support, similarly, there has been huge buying in this area, which also identifies this area as an intermediate bottom and strong support. img: Actual situation on H1-H4. Formation of consolidation As for local prospects. The 64K-60K range is being formed. This range plays the role of consolidation while the price is restrained by its borders. On the background of price stoppage after strong growth, GBTC outflows increase again, some resistance area is formed, as well as strong liquidity below the local lows. While the price is in consolidation, all these areas of liquidity will be liquidated, the price may test the support of 61K, 60K, 59500, as well as 0.236 fibo or even 0.382 fibo. Inside this range, between 64-60K, it is not worth to open trades, the best choice will be strong support areas. As for selling: Against the backdrop of a strong trend, selling should be treated very carefully. I would recommend waiting for a test of ATH - 69K. Or the formation of strong preconditions to break the support of the current consolidation (59500-60500 lvl). A strong rally is unlikely to break 69K from the first time. The price will either form a deep correction or there will be another consolidation range. But we will discuss this after the retest of the high. Support levels: 60500, 59600, 57600 Resistance levels: 63300, 63600, 64900 Consiliation is likely to be formed now and this phase should be considered on H1-H4 timeframes. Within the consolidation there may be retests of deeper levels, as well as false breakdowns of strong zones CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
89
🥇 GOLD - Consolidation before growth. Next ATHGold is holding fairly steady in the flat 2080 - 2090 after a strong rise that started back at the end of last week. Interest in the metal is quite high, which has recently increased investment in the metal as a safe-haven asset. The bullish trend may continue after the false breakdown of the nearest support, as well as after the breakdown of 2090. Reasons for further growth: 1) Strong trend. The market is growing on accumulated liquidity 2) Gold interest on the background of weak dollar is growing 3) There is no fall from 2088. 4) Consolidation is formed, in the format of a "flag". Growth may continue
OANDA:XAUUSDLong
by AndeWave
5
GOLD → Re-test 2085. The distribution is not yet finalized FX:XAUUSD is testing the maximum. After a long consolidation, a distribution phase is formed, which leads to a false breakdown of the intermediate resistance level. What should we wait for next, decline or growth? The distribution phase is clearly demonstrated on the background of volume growth. The price is testing the intermediate level of 2084.5 and forms a false breakdown. The value of the level is big enough, but not enough to turn the market. The 2084 area continues to hold the price, but based on the data on the H1 chart we can assume that gold will test this resistance with the aim of breaking through it, as the distribution phase is not over yet. If the compression to the upper boundary of the consolidation on H1 continues, namely to Friday's high, a breakout and further growth to the next intermediate targets may happen with a high probability. Support levels: 2079,5, 2069.9, 2065 Resistance levels: 2088.4, 2100 The growth is not over, as the realization of the accumulated potential inside the consolidation is not exhausted yet. There is a possibility of correction, but at the break of 2079.5. But still, I stick to the break of resistance and further growth TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
CHZUSD → A break of resistance will strengthen the bullish trendBINANCE:CHZUSDT has been in the stage of forming an uptrend for the last half a year, but lags behind the general movement of altcoins. But, the coin is testing trend resistance, the break of which may give a surge of volatility. On the weekly timeframe, the market has obviously formed a bottom at 0.05, after which a reversal set-up with a positive long-term perspective is formed. But, for such realization the price needs to leave the resistance of 0.1640 range. On D1, the price is testing the resistance of the uptrend for a breakout. It is possible correction and retest of the nearest support area: 0.11637 - 0.10981. But, consolidation above the channel resistance and above 0.12000 will form a gorgeous bullish potential to realize a bullish distribution towards 0.14 and 0.18. Resistance levels: 0.120 Support levels: 0.11637, 0.10981 I expect that the attempt to break through the resistance may be successful. The coin has a little bit delayed with its growth and in the near future can show a good result of 19%, 30% and 50% BINANCE:BTCUSD CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL Regards R. Linda!
Long
by RLinda
13
AMZN Joins the Dow at an Unusual PhaseThis hugely influential company should have been on the Dow 10 years ago. Listing as a component of the Dow Jones Industrial Average usually occurs when a company is about to enter a Market Saturation to Market Decline Phase. However, such is not the case with $NASDAQ:AMZN. It's quite the opposite. Its fairly new CEO, who was the CEO of AWS, the division of AMZN known for its powerful and totally dominant PaaS cloud technology, has extensive experience in exactly what AMZN needs right now: front running new technologies and driving more new technologies to market introduction faster. The challenge to be #1 in the use of Integrated Artificial Intelligence and other new technologies in the realm of Cloud Technology is on. Who will win depends on the CEO. Never underestimate the importance of the right CEO for the current market conditions. The chart of AMZN stock implies a consolidation or platform may develop during the month and a half between earnings seasons. These patterns tend to form due to value-oriented quiet accumulation by the largest institutions while the rest of the market pulls back from buying or sells.
NASDAQ:AMZN
by MarthaStokesCMT-TechniTrader
1
VERX ATH on Earnings LONGVERX on the 15 minute chart demonstrates printing a high tight bull flag pattern in its bullrun after the earnings report was a two line beat much like the one a quarter ago. VERX has impressed traders including this one who got in on the ride early. I will trade this like others recently with a similar pattern. I will hold during the consolidation and watch for a break above the flag regression channel. I will add upon the break and set a trailing stop loss of 5% upon a rise of another 5% keeping the profits safe while underway. See my ideas on SOUN DUOL, VTYX and a few others. Review the link to the pattern description here. See also my swing long trade ideas for this sector XBI and LABU.
NASDAQ:VERX
by AwesomeAvani
🇪🇺 EURUSD 🇺🇸 - Trend continuation pattern. GrowthThe currency pair broke the resistance of the descending channel a few weeks ago, but after the breakout a consolidation is formed, which in this context can be perceived as a trend continuation pattern. In our case, a trend change is forming, which means we should wait for the continuation of the upward movement. Against the background of a possible fall of the dollar index, the chances of the idea are quite high. Reasons for further growth: 1) Breakdown of the descending channel 2) Failure of local structure and consolidation formation 3) There is no fall after the break of the channel resistance 4) Consolidation may turn into distribution after false break of support
Long
by AndeWave
3
GOLD → The price is coming down again. New targets?FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that the data may be slightly higher than expected, if this happens, it is a positive scenario for the dollar, which will negatively affect the price of gold. Technically, on H1 there is a strong density of resistance and the price breaks the support of the local ascending channel, which plunges the market into a negative phase. Before the news a correction to resistance may follow before further decline. At the moment the target may be the area of 2015 - 2008. Resistance levels: 2031, 2034 Support levels: 2025.8, 2015, 2008 Gold is trading inside the range, the liquidity area on the resistance side has been tested, but the sellers are very aggressive on the background of the growing dollar. The gold price is heading towards the support and there is a high enough chance to see a retest of the lower levels. CAPITALCOM:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
11
BITCOIN → Consolidation after rally characterizes the uptrend ↑BINANCE:BTCUSD updates the high to 53K and goes into consolidation. A flat 52500 - 50500 is formed after a strong rally, which is a strong enough signal of a confident market. Interest in the asset continues to grow and on the back of distribution, the price updates the December 2021 high after exiting the consolidation in early February. Both technically and fundamentally, the BTC is doing quite confidently. The next milestone, which is very important for the market, is the halving, which is expected in early April. There is a high probability that the price may test strong support zones before the halving, but there are no clear technical signals for this yet. At the moment the price is in consolidation between 52525 and 50649. Another support retest in the form of a false breakout is formed and the price is consolidating again. There are still no clear reasons for a support breakout. It is necessary to continue watching the price on H1. Regarding the current situation, I would single out two possible scenarios for buying. Scenario 1. High chance of realization. A pullback from the support is formed. Now it is important to wait for resistance retest. Slow price approach to the level and formation of compression or pre-breakout consolidation relative to 52545 will be a strong signal for the breakout. Scenario 2. As consolidation is forming, the market maker may extend the range from the current range to the support: 48435. The price should not go below 48K as this level is a strong support area. A breakout of 50649 and 50333 could fororimize an impulse (liquidation) to the lower level, which could be a range support. But a retest or false breakout will form an increase in liquidity, which will give the opportunity to form an impulse with the aim of breaking through the resistance 52545 and realize further growth. Resistance levels: 52545 Support levels: 50649 & 50333 While the consolidation stage is forming, the market maker can use any opportunities to accumulate liquidity. It can be a false breakout, shakeouts or liquidation in order to reach deeper levels. The important thing is to wait for the right reaction, which will be a prerequisite for a breakout or false breakdown that will give the opportunity to open a trade at the best price. INDEX:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
46
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline. Reasons for further decline: 1) Counter-trend correction 2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout 3) Flat from the upper boundary of 1.47200 may push the price downwards 4) There are no fundamental reasons for the euro to rise
Short
by AndeWave
1
HelenP. I Bitcoin can reach $60000 points and then start fallHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price some time ago started to trades in consolidation, where firstly it declined to support 2, which coincided with the bottom part of the flat and support zone. After this, the price turned around and in a short time rose to the top part of the consolidation, after which it rebounded and made a strong impulse down to the trend line, which is located lower support zone. But soon, BTC entered back to consolidation, making a fake breakout of support 2, and continued to grow near the trend line to the top part of the range. Later, after the price reached the top part, it exited from consolidation and continued to move up to support 1, which coincided with one more support zone. But when BTC reached this level, it rebounded and some time traded near, after which it declined to the trend line and then made strong impulse up to 59000 points, thereby breaking support 1. So, at the moment, I expect that Bitcoin will reach the 60000 level, after which it turn around and make a correction movement. For my mind, BTC can decline to 56000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
RLC - An Unconventional Trade Opportunity - For Brave-hearted #RLCUSDT Analysis Description --------------------------------------------------------------- + RLC is presently consolidating near the resistance zone, displaying a consolidation pattern akin to its previous two consolidations. + Although this pattern may seem unconventional for trading, I maintain optimism regarding RLC's potential to adhere to this pattern and progress towards the next target. + Should this pattern persist, I intend to enter a long trade with a target set around 5.762. + Consider following this trade if you're willing to assume some risk in pursuit of substantial profits. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 3.870 Stop Loss: 3.383 ------------------------------ Target 1: 4.191 Target 2: 4.490 Target 3: 4.996 Target 4: 5.762 ------------------------------ Timeframe: 1D Capital: 1-2% of trading capital Leverage: 5-15x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
SC - Driving towards support | +310% Profit Target#SC/USDT Analysis Description --------------------------------------------------------------- + SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC. + I'm expecting this trend to continue and hit the next support before consolidating. + I'm not waiting for double top instead trading while double top is forming. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.012568 Stop Loss: 0.014570 ------------------------------ Targets 1: 0.01186 Targets 2: 0.01104 Targets 3:0.009839 Targets 4: 0.008537 ------------------------------ Timeframe: 1D Trade Type: Short Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
Long
by VectorAlgo
GOLD → New reasons for the growing interest in goldFOREXCOM:XAUUSD strengthened last week and closed with +1.2% at 2035.375. Price returns to the flat range that is forming within the uptrend. Let's move a bit away from the local situation and take a look at the global chart. The global uptrend with variable trends indicates a rather huge interest from buyers, which is not subsiding. The pressure on the resistance, which restrains the growth beyond 2100 continues to increase and most likely in the medium term there will be continued attempts to break through 2075 - 2100 and further strengthening towards 2300-2500. As for the range. The market continues to form a global flat on the background of the Fed's tough policy. Buyers are holding back all attempts to fall, which bears are trying to forge on the background of negative news for gold. Let's pay attention to Friday, February 23: Gold receives an unexpected inflow of funds due to the sanctions imposed by the U.S., Canada, the UK and European countries against Russia, the former CIS countries and Asian countries. Against the backdrop of a possible crisis, money is looking for a safe haven and is finding it in gold. Accordingly, the interest to the metal is growing and most likely the price will continue its growth to higher highs. Expectations for the coming week: Flat is forming on D1, after realizing the potential relative to the range support the market gets a target in the form of flat resistance. Important levels are shown on the screenshots above. Fundamentally, the gold market is still under the pressure of sellers, but at the same time the interest in the metal, against the background of geopolitical crisis is growing, which favorably affects the price. In the medium term it is worth considering to prioritize buying, because technically and fundamentally the situation has shifted a bit, but we should not forget that there are no trend rules inside the flat. Price is moving between levels. Resistance levels: 2044.6, 2060, 2065.46 Support levels: Fibo: 0.618, 0.5, 0.382 TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSD
by RLinda
15
HelenP. I Bitcoin will rebound from trend line and continue growHi folks today I'm prepared for you Bitcoin analytics. Some days ago price rebounded from the trend line and rose to the support zone, which coincided with the 50650 support level, but at once BTC rebounded and made little correction. After correction, the price rose back to the support zone, and in a short time, BTC broke the 50650 support level and rose until to the resistance level, which coincided with the resistance zone, and also price started to trades inside consolidation. In consolidation, the price rebounded from the resistance level and declined to the support level, but soon it bounced and rose back to the 52800 level. After this movement, BTC turned around and started to decline to the support level, which coincided with the trend line, where recently it rebounded and started to grow. At the moment price continues to rise near this level in consolidation, so I expect that Bitcoin will correct to the trend line, after which it will rebound and continue to move up in consolidation. That's why I set my target at 52300 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2