Looking at the gold price action on the 1-hour chart, the marketLooking at the gold price action on the 1-hour chart, the market appears to be trending upward with consistent bullish momentum. Here's an analysis to help decide:
1. Key Levels:
Resistance: Around 2,650 (previous high levels).
Support: Around 2,620 (recent consolidation zone).
2. Potential Trades:
Buy Option: If gold sustains above 2,640, it could aim for a move toward 2,655 (targeting 150 pips). Set stop loss near 2,630.
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Sell Option: If gold breaks below 2,620, it could target 2,605. Set stop loss around 2,630.
3. Trade Confirmation:
For Buy, wait for a strong bullish candle above 2,640.
For Sell, look for a bearish candle breaking 2,620.
Let me know if you want a more detailed breakdown.
Cryptocurrrency
Bitcoin Analysis | Pullback before 100k?Hi Traders!
Bitcoin reaching the mythical $100,000 figure seemed a lofty target as recently as a few months ago, as the asset spent months in a narrow range under $65,000. But the promise of swiftly changing U.S. regulations has revived the dream.
That said, the route to 100k may need some pullback before reaching the Target, and this could be considered the last opportunity for the bulls to ride this wave. If we look at the daily chart, the trend remains bullish but BTC is approaching a major resistance area that could trigger a corrective structure on a lower time frame.
It will be necessary to update this analysis when we have clear levels to follow.
Thanks for your support!
Alikze »» TAO | Scenario 3 or C bullish - 1D🔍 Technical analysis: Scenario 3 or C bullish - 1D
- In the analysis presented in the previous post on the daily time frame, it was noted that the BINANCE:TAOUSDT AI in the supply zone can have two movement paths.
- Considering that the movement cycle in the supply zone ended and had a correction to the green box area.
- Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2.
💎So with the recent zigzag correction, the BINANCE:TAOUSDT currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle.
💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish.
⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️
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Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W
BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving.
- In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area.
- Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle.
💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand.
💎Considering the momentum, this movement cycle can continue to the ceiling area of the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area.
⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️
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Alikze »» SEI | Wave 2 out of 3 bullish scenario - 1D🔍 Technical analysis: Wave 2 out of 3 bullish scenario - 1D
- It is moving in an ascending channel in the daily time frame.
- In the previous post, it was mentioned that there will be a modification to the green box, which was met with demand after the collision between the bottom of the channel and the blue box.
💎 Therefore, according to the momentum and pullback to the broken swing, it can crown the supply area of the targets specified on the chart with a break.
💎 Currently, according to the structure and behavior, it is in wave 1 of 3.
💹 Support LVL: 0.39
⚠️ In addition, if the previous bottom of the blue box range is touched again and there is stabilization below it, the bullish scenario will be invalidated.⚠️
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BINANCE:SEIUSDT
Alikze »» ORDI | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
BINANCE:ORDIUSDT In the daily time frame, it is moving in an ascending channel, which has faced selling pressure in the supply area after hitting the ceiling of the channel.
- In the analysis presented in the previous post , the alternative path was realized, which was corrected up to the $29 range and met with demand again by creating a Double Bottom.
💎Currently, due to the momentum and bullish guard, it can meet the demand again with a zigzag correction in the green box range and break the first supply area towards the specified targets.
💎Therefore, the reversal can be a broken pullback to the swing.
⚠️ In addition, if the correction is sharp and sharp, there will be a possibility of breaking the zone, so if the Invalidation LVL zone is touched, the bullish scenario will be invalidated and should be checked and updated again. ⚠️
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Alikze »» SKL | Wave 3 or rising C scenario - 1W🔍 Technical analysis: Wave 3 or rising C scenario
News:
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- It is moving in an upward channel in the weekly time frame.
- It is currently in the Support Zone with the formation of a higher floor.
-The previous corrective wave has completed a full cycle in the Support Zone.
💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase.
💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible.
⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated. ⚠️
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BINANCE:SKLUSDT
Alikze »» GAS | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1W
After a climb up to the $30 range, the BINANCE:GASUSDT currency has faced a zigzag correction in the daily time frame, which has faced demand again in the $2.50 range.
- It is currently moving in an ascending channel with higher floors and ceilings.
💎 According to the current momentum, which is currently at the top of the short-term ascending channel.
- In case of selling pressure at the ceiling of the channel, it can face demand again in the middle of the channel or the green box area and an upward trend up to the ceiling of the second channel in the range of 8 to 10 dollars. go through
⚠️ In addition, if the golden box is broken, the bullish scenario will be invalidated and should be reviewed and updated again. ⚠️
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XRPUSDT Secondary trend (part) 01 07 2024🟡 Logarithm. Time frame 3 days. Everything is the same as before, nothing new. I’m making a fresh idea, for the convenience of monitoring, how this scale of work is about I did it years ago, and for this there were a lot of local updates.
🟡 Line graph for visualization.
🟣 Local trend. Important breakout zone in scale.
🔵 Main trend
XRP/USD Main trend 2022
🔵 Main , part (this zone that has now been realized on the long-term consolidation chart).
XRP/USD Main trend (part) Triangle 2022
Part of the main trend (huge triangle) and this channel in it before the outcome. The main long-term trend reversal zones and percentages from this zone (relatively where we are now) are shown on the chart. The takeaway percentage is not shown here (a probability that needs to be kept in mind.
Previously, at the beginning of 2017, on XRP before the pump, more than + 65,000% - 55,000% did this (low liquidity). Previously, I showed and told the potential logical probabilities of cheating with something similar near reversal zones and how not only to protect yourself, but also to make money if something similar happens at the moment. I am not scaring, but simply reminding sectarians of the future, which naturally may not exist, but the probability always remains, for certain previously stated reasons.
🟣 For local and medium-term trading a good entry point for breaking the local trend (downward channel) can now be realized.
Control of risks, and understanding of potential work (variants of price movement, and what you will do in this or that outcome of probability) gives you an advantage over those who want to guess the price. Don't guess, but understand what you are doing and why. To make money systematically in (any) conditional markets, you don’t need to constantly guess the price. You may be wrong (your option is B), and that's okay.
🟠XRP to Bitcoin is the main trend.
XRP/BTC Main trend. Channel. Turning zones 03/15/2024
Alikze »» HBAR | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D
BINANCE:ADAUSDT BINANCE:SOLUSDT
BINANCE:HBARUSDT It is moving in a downward channel in the daily time frame.
- The previous wave has completed a full upward cycle, after which a corrective combined cycle has extended up to the 38 Fibo range.
- Currently, according to the movement structure, the first wave cycle has been completed and after that the second correction cycle has been completed in the range of 38 Fibo and it is currently in the microwaves of the rising wave 3.
💎 This motion cycle can occur after hitting the supply zone and a temporary correction leading to its failure to reach the ceiling of the previous module.
💎 Therefore, this movement cycle can grow more than 600%.
💹 Support zone: 0.06292 - 0.06965
🏹 Goals:0.33 - 0.56
⚠️ In addition, if a correction occurs, the range of this validation level should not be touched, if the range of the bullish scenario is touched, it will be invalidated. And it should be checked and updated again. ⚠️
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SasanSeifi| Is the Price Ready for a New Bullish Move?Hey there, ✌ By analyzing the daily chart BINANCE:TONUSDT , it is evident that the price encountered demand around the $4.50 level and, after breaking through the supply zone, rose to approximately $5.50. Following this rise, the price retraced to the broken level, which has now shown a reaction.
The outlook remains bullish. It is anticipated that after a consolidation phase, if the price stabilizes above the $5.50 level, it could advance in the medium term toward the $6.15 target and the bearish order block at the $6.50 level. Should the price continue to rise, observing its reaction to maintain this trend will be important. Currently, the $5.00 level serves as a support zone.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Alikze »» BEL | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1D
- BINANCE:BELUSDT It is moving in an ascending channel in the daily time frame.
- After hitting the ceiling of the channel, a correction has been encountered, which is met with demand in the OB area and an upward wave has formed.
- Currently, it can face the demand again and touch the specified targets by returning to the bottom of the channel and the green box area.
💹 Support zone: 0.48 - 0.39
🏹 Goals: 0.78 - 0.87 - 1.07 - 068
⚠️ In addition, if the 0.39 area breaks and is below the stabilization range, it can continue the correction process.⚠️
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Alikze »» GROK | Wave 3 or 3 bullish scenario - 1D🔍 Technical analysis: Wave 3 or 3 bullish scenario - 1D
- After a bullish cycle it has had a complex zigzag correction inside a bearish channel on the daily time frame.
- Currently, it has completed an AB=CD cycle up to the range of the negative line of the ceiling of the descending channel.
💎 To continue the upward path, it can be broken with pullback to swing or the middle of the channel up to the range of the green box, and enter the next upward cycle.
⚠️If the correction touches the bottom of the previous range, the bullish scenario is invalidated and can form a double zigzag correction.⚠️
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MEXC:GROKUSDT
Alikze »» COMP | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
- It is moving in an upward channel in the weekly time frame.
- According to the correction of the previous wave as 0.38 Fibo, demand is encountered in the area of the bottom of the ascending channel and an ascending candlestick is observed in the area of the bottom of the channel.
- Currently, in the weekly time frame with the buying pressure candle, the dynamic trigger is broken and it can continue its growth with demand in the range of the green box of the next wave at least up to the ceiling of the growth channel.
💎In addition, in case of failure of the first channel, the upward wave can continue to grow up to the specified supply area.
⚠️ Note: If the candle closes below the Fibo 38 range, there will be more possibility of correction and the continuation of the bullish scenario will be invalidated and should be checked and updated again.⚠️
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BINANCE:COMPUSDT
Alikze »» BITC | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H
- Bitcoin has already touched the supply range according to the analysis presented in the daily target time frame.
- In the 4H time frame, it is moving in an ascending channel, which has managed to register an ascending candle in the supply area in the 4-hour time frame.
- In case of failure of the supply zone, the specified movement path can touch the $100,000 targets of 106,250 and 112,500.
NEXT TARGET:
🎯 100.000$
🎯106250 $
🎯112500$
SUPPORT LVL
💹 75000$
💎 In addition, if the sales pressure increases in the supply area, an alternative scenario can be realized.
⚠️ In the alternative scenario, with selling pressure in the supply area by entering the second pullback channel, it can continue to correct until the bottom of the second channel and Fibo 1.618, the range of $75,000.⚠️
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BINANCE:BTCUSDT
Alikze »» JASMY | Demand at the bottom of the ascending channel🔍 Technical analysis: Demand at the bottom of the ascending channel
- In the analysis presented in the previous post , in the daily time frame, after the inability to target the ceiling of the ascending channel, an alternative scenario was realized, which continued until the correction Liquidity Area.
- It is currently moving in a long-term ascending channel on the daily time frame.
- After meeting with the bottom of the channel and the Liquidity Area, demand has been encountered.
- At the moment, it is faced with selling pressure by exiting the triangle density in meeting with the specified resistance.
💎 According to the momentum, this reversal can be a pullback to a broken structure.
💎 Therefore, by maintaining the range of 0.01830, it can continue its growth until the next supply zone after breaking the resistance zone.
⚠️In addition, if it penetrates below the Liquidity Area, the bullish scenario is invalidated and the correction can continue.⚠️
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BINANCE:JASMYUSDT
Alikze »» XRP | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D
- Ripple is moving in an ascending channel in the weekly time frame.
According to the current momentum, it can touch the range of 93 cents in the first step, which is an important supply area.
- Before hitting the supply area, he can break the roof of the channel and after hitting the supply area, he can have a correction or pullback to the broken channel roof.
- According to the previous structure that had a zigzag modification; It currently has a zigzag reversal to the upside, which could touch the targets indicated on the chart.
⚠️ In addition, according to the current structure, the price should not enter the Invalidation LVL range, in which case it should be reviewed and updated again.⚠️
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OKX:XRPUSDT
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 3,386.40
1st Support: 2,863.34
1st Resistance: 3,889.27
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Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern
- In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure.
- It is currently moving in a downward channel, which has encountered demand by touching the second area of the green box.
💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel.
💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling).
⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️
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BINANCE:LDOUSDT