EURAUDEURAUD is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.6520 followed by 1.6800.
What you guys think of this idea?
Falling Wedge
MP Materials: Falling Wedge With Bullish Divergence at a 0.886The Federal Reserve during the FOMC and in its SEP has hinted greatly towards deep rate cuts in 2024 because they see the CPI going down and no longer feel the need to tighten further, and are under the assumption that great progress has been made.
I for one do not agree with this perspective and think rates need to go much higher before inflation can truly be subsided.
Since the Fed is under what I view as a false assumption, I think we will now see Inflation and the CPI come back up even higher and faster than the first inflationary run up and that we will see this greatly reflected in Food, Energy, and Shipping prices. Along with this, I think it will affect the pricing of Rare Earth Elements which should end up being a positive for the Assets on the balance sheet of producers such as MP Materials, VALE, and US Steel: X, along with the REMX ETF; as demand for ships and other means of shipment/transport increases.
The increase in demand for these types of shipments should also drive demand for the materials the shipping vehicles are made of, which should drive the prices higher for both.
I do not think Gold and Silver will join this inflationary rally due to the collapse of the Japanese Carry Trade, and I do not believe the Dollar will lose much value during this rally in inflationary materials except against the Yen. This dynamic should also limit the rally potential in the big stock indexes, I only really expect certain names to benefit from the kind of inflation we are dealing with.
So in short, I think the Bulk Dry Index continues to rise, Shipping Cost Rise, Ships themselves Rise, Oil Rises, and Rare Earth Materials Rise and when that happens, I suspect the Fed will pivot hard back in the other direction and start raising rates again.
DYDXDYDX is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 3.5 followed by 4.5.
What you guys think of this idea?
EURCHFEURCHF is trading in descending parallel channel. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of local falling wedge from strong support zone and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.9620.
What you guys think of this idea?
BNB → Price is showing an interesting bullish outlook BINANCE:BNBUSDT breaks the resistance of bearish trend on the background of improving fundamental situation. For the activation of the bullish phase of the market, a few more conditions must be met.
We can see that CRYPTOCAP:TOTAL capitalization, following the COINBASE:BTCUSD growth, is also moving into a bullish trend format. BNB is falling away due to regulatory and governance issues. At the moment, the fundamental environment is improving and the price is starting to show interesting prospects.
The break of the descending wedge resistance is a strong enough signal, the price is testing the MA-50 support and the bulls are confidently consolidating their positions above the moving average. At the moment, the resistance of the current consolidation - 257.8 - is holding back the market from going bullish.
A break of this resistance will be accompanied by a surge in volumes, volatility and the formation of a bullish impulse.
Support levels: 226, MA50, 203.4
Resistance levels: 257.8
I expect a breakout of the mentioned resistance after the next retest. On the background of favorable conditions it may happen rather quickly. Targets are 336.8, 439.0.
Regards R. Linda!
EURCAD - BULLISH SCENARIO 📈Hello Traders !
Yesterday, The EURCAD Price Reached a 0.5 Fibonacci Retracement Level.
Currently, The Price Formed a Falling Wedge Pattern.
So Let's Expect The Bullish Scenario:
If The Market Breaks The Resistance Line and Closes Above That,
We Will See a huge Bullish Move...
TARGET: 1.49050🎯
GBPUSDGBPUSD was trading in falling wedge. The price was reacting well the support and resistance of wedge and now has given the very healthy breakout ..
Currently the price has given the breakout of falling wedge and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.2650 followed by 1.2750.
What you guys think of this idea?
ADAUSDT → Cup with Handle before distribution BINANCE:ADAUSDT is forming a breakout of the key pattern resistance, but we have not seen a corresponding reaction yet. The price is updating the 6-month high, but we did not wait for the distribution. Hopes are fueled by the formation of the "Cup with handle" pattern and the Golden Cross of MA200 & MA50
A reversal pattern "Cup with handle" is forming in relation to the limit resistance area at 0.3807. A false break of resistance forms a correction and consolidation near the key area, which peculiarly reminds us of the key pattern
Fundamentally, the cryptocurrency market is mainly waiting for results regarding ETF applications that the SEC is reluctant to review. Approval of applications for spot ETFs will greatly increase the inflow of funds and market capitalization
On the chart, the support at 0.3529 - 0.3500 is important for us. Within the framework of the forming pattern and correction, the price may test this area with a false breakout, which will begin to form a bullish potential, because according to statistics, the strongest movements occur after a false breakout.
Resistance levels: 0.3807, 0.3850
Support levels: 0.3529, 0.3490
I expect a support retest before distribution. A strong impulse can start after the breakout of the locational downside resistance of the pattern "Cup with handle"
CRYPTOCAP:TOTAL COINBASE:BTCUSD
Regards R. Linda!
How do i expect to see $ALGO in 2025-2026 ? 8X possible?Hello fam,
I'm back with another perspective about Algorand with EURONEXT:ALGO symbol.
Comparing other altcoins, Algorand team works on real world solutions and recently partnered with UNDP to lunch Algorand Blockchain Academy.
But from candles world perspective we can clearly detect range formed and lows been swept away. This means we will have our eyes for range high to be tapped in coming weeks. This idea aims for 2.5$.
Besides there was a falling wedge that been broken recently. Falling wedges are reliable strong bullish patterns and most of times they deliver what we expect. as usual fib.0.5 to 0.618 is were we expect to see this wave end. This will be around 1.6$ . This is 8X from current price but as you already know there are many risks in Crypto market and you need to closely do your own research before taking any financial decision or trade.
Read my analysis about CRYPTOCAP:TOTAL , CRYPTOCAP:TOTAL2 and TOTAL3 for better understanding.
Further analysis required in case 1.6$ broken in weekly
🚧BITCOIN will Go Up Again🚧 Road Map(1-H)🗺️!!!As you can see, the price has reacted well to patterns in the past. If we are optimistic or realistic now, the price can grow well after breaking this pattern.
🤑Stay awesome my friends.
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USDJPY potential bullish patternAs can be seen in the chart, there is a falling wedge pattern in the chart, which is a naturally a reversal chart pattern and is regarded as an intrinsically bullish formation. This chart pattern is occurring at the important Fibonacci level of 38.2%, and the fact that we have bullish divergence between price and the stochastic oscillator in 4-hour timeframe adds to the possibility of this chart pattern working.
Entries may be initiated at the bullish breakout of the wedge pattern, and based on a one-to-one minimum price target strategy, we can anticipate the price to reach its previous daily high.
Also it should be noted that in case of bearish breakout of the chart pattern this trade idea has failed alongside the chart pattern.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
WISH 4 HOUR FALLING WEDGE (PRE-AH INCLUDED)Watch the $6.75 level for a potential breakout to fill the gap around $7.
AUDUSD - Resistance Becomes Support
Hello Traders !
Previously:
The AUDUSD Price Formed a Bullish Falling Wedge Pattern.
Currently:
The Price Broke a Strong Resistance Level (0.65710 - 0.66256).
This Resistance Level Becomes a New Support Level.
So, I Expect a Bullish Move.
Let's Wait For Retest...
-----------
TARGET: 0.67120🎯
AUDUSD - BULLISH MOVE 📈
As We Talked in The Previous Analysis:
The AUDUSD Price Broke a Strong Resistance Level (0.65710 - 0.66256).
This Resistance Level Becomes a New Support Level.
Currently:
The Price Pull Back to Important Structure !
and Now it Will Continue its Bullish Movement 📈
-----------
TARGET: 0.67120🎯
LTC → The market is ready to move into the distribution phase BINANCE:LTCUSDT entered the local buying zone for the first time in 5 months. The price is breaking the resistance and the market is increasing the chances of transition from consolidation to distribution.
On w1 we see that LTC has been preparing to realize the accumulated potential formed on the bottom for a long time. The global line is broken and the price has been consolidating in the green zone for a few weeks now. On d1, the token is breaking the daily resistance (global descending line) after a long consolidation. The channel resistance is likely to be tested soon, which could be broken rather quickly.
If the mentioned resistance zones are broken, the market may retake the situation quite quickly and we will see a volume growth that will start to form an active momentum towards 85.40 and then to 102.65. The coin has quite a lot of potential. MA-50 supports the market after the false breakdown.
Support levels: 71.09, previously broken resistance, 66.13
Resistance levels: 72,30, 73, 74
Friday's price close near resistance, increases the chances for the scenario to materialize. Another retest of 72.30 could lead to a rise to channel resistance, momentum could break this area and the market will move to distribution. Targets are indicated on the chart.
BINANCE:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL
Regards, R. Linda!
NZDCAD - Bullish Falling Wedge 📈Hi Traders !
On The Daily Time Frame, The NZDCAD Price Broke a Strong Resistance Level (0.82018 - 0.82600).
This Resistance Level Becomes a New Support Level.
Moreover,
-The Price Formed a Falling Wedge Pattern.
-The Resistance Line is Broken.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
-----------
TARGET: 0.83950🎯
Massive Falling wedge on GME weekly!!!!!!!!!!!!!Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside.
Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days.
With new legislation for reporting short positions and the pressure on the Hedgies to finally close out, this could be the move everyone has been anticipating. Not to mention the massive amount of DRS'd shares we have been seeing.
Grab your fav snack and bev because the extravaganza is about to begin. GLTYA, and happy trading ✌️
DXY is Ready to Go UP🚀🏃♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) .
🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well.
💡Also, another sign that shows us the end of the downward trend of the DXY index is the Falling Wedge Pattern in the RSI indicator .👇
🔔I expect the DXY index to trend higher in the coming days and attack the 🔴Resistance zone($105.88_$104.630)🔴 again.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, Daily frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCAD can Go Up by Falling Wedge Pattern⏰(1-Hour)⏰✅ USDCAD managed to form a Falling Wedge Pattern near the 🟢Support zone(1.37 CAD_1.363 CAD)🟢 .
🔨In the past hours, USDCAD managed to break the upper line of the Falling Wedge Pattern and is currently completing a pullback to this line.
🔔I expect USDCAD to rise to at least the Resistance line and 🔴Heavy Resistance zone(1.398 CAD_1.379 CAD)🔴 after completing the pullback.
U.S.Dollar/Canadian Dollar (USDCAD), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
📈 TradingView Analysis: $APE/USDT Falling Wedge Breakout! 🚀Chart Analysis:
Pair: $APE/USDT
Timeframe: 4-Hour Chart
🔍 Technical Overview:
APE/USDT has been forming a clear falling wedge pattern.
Price has recently broken out above the upper trendline of the falling wedge.
📉 Previous Price Action:
The falling wedge has been a consistent pattern, indicating a period of consolidation.
A series of lower highs and lower lows were observed within the wedge.
🚀 Breakout Confirmation:
The recent breakout above the upper trendline suggests a potential trend reversal.
Volume confirmation during the breakout adds strength to the bullish case.
💡 Key Levels to Watch:
Resistance: The next resistance level to watch is at .
Support: The previous resistance, now turned support, is at .
📊 Indicators:
RSI: Showing signs of bullish divergence, indicating strengthening buying pressure.
MACD: Bullish crossover, signaling a potential shift in momentum.
📅 Upcoming Events:
Keep an eye on upcoming events, announcements, or catalysts that could impact the price.
🔒 Risk Management:
Set stop-loss orders to manage risk in case of unexpected price movements.
Adjust positions according to your risk tolerance and trading strategy.
📈 Conclusion:
The breakout from the falling wedge pattern suggests a potential bullish trend for $APE/USDT. However, always exercise caution and conduct thorough analysis before making trading decisions.
📣 Disclaimer:
This is not financial advice. Trading involves risk, and it's important to conduct your own research. The breakout scenario is based on technical analysis, and market conditions can change rapidly.
👥 Join the Discussion:
Share your thoughts on the $APE/USDT falling wedge breakout. What's your price target, and how are you approaching this trade?
🚀 Happy Trading! 📈✨
The Bullish Case for Bitcoin! A Comprehensive Analysis!!!🌟The Bitcoin is in a Bullish phase by ⤵️⤵️
➡️the price broken this channel, the price can grow well.
➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern!
➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!!
➡️also Broadening Wedge it is another bullish sign.
✅Next Targets are 47k and 68k
🍻This is Longterm Analysis!!!
Previous Analysis:
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
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🐳Cardano will Go Up Again🐳As you can see, the price is in a Falling wedge. If the price can break this wedge, we can hope that the price will act like a butterfly pattern and the price will grow well.
❗Weekly Analysis.
⏮️previous Analysis
🤑Stay awesome my friend.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
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