Mew/UsdtBYBIT:MEWUSDT
### **Current Price & Market Cap**
- **Current Price**: $0.009406
- **Market Cap**: $836.30 million
At its current market cap of **$836.30M**, **MEW** is very close to touching a $1 billion market cap, which is a significant psychological milestone in the crypto world. 🚀 Achieving this could potentially trigger more attention from investors and push the price higher. This suggests that the structure of **MEW** is looking quite strong, and if the price holds at current levels, it could be a good sign for future growth. 📈
---
### **Resistance Level: $0.012916**
- **Resistance** is the price level at which selling pressure is likely to increase, making it harder for the price to break through.
- If **MEW** can hold or break above **$0.012916**, it suggests bullish momentum. This level represents a point where price action has previously struggled to move beyond, so a successful breakout could mean further upside potential.
- If **MEW** manages to break this resistance level, the next targets could be higher, perhaps even driving the price towards new highs, especially if the market cap approaches $1B. 💥
---
### **Support Levels: $0.007979 / $0.00600**
- **Support** refers to a price level where demand is expected to be strong enough to prevent the price from falling further. If the price drops to one of these levels, buying pressure could step in, creating a potential bounce.
- **Support Levels**:
- **$0.007979** is a key level of support. If the price dips below current levels but finds buyers here, it could stabilize and start moving up again.
- **$0.00600** is another crucial support range. If the price doesn't hold at **$0.007979**, this next level provides additional support before potentially falling further.
These support levels represent areas where the price could "bounce" if there’s enough demand to prevent further declines. If **MEW** holds around or above these levels, it could indicate a stronger foundation for future gains.
---
### **Conclusion:**
- **Bullish Scenario**: If the price holds above **$0.009406** and breaks through the **$0.012916 resistance**, we could see **MEW** targeting new highs, possibly pushing closer to a ** SEED_TVCODER77_ETHBTCDATA:1B market cap**. This could trigger increased investor interest and lead to more upside momentum.
- **Bearish Scenario**: If the price fails to hold at **$0.009406**, look out for possible support around **$0.007979** or **$0.00600**. A breakdown below these levels could lead to further downward pressure and may require a new support level to be formed.
---
As always, it's essential to keep an eye on price action and volume at these levels. Volatility is common in crypto, so it’s important to stay informed and make decisions based on your own risk tolerance.
**Disclaimer**: This is not financial advice. Always do your own research (DYOR) before making investment decisions. 📚🔍
Freesignals
Eigen/UsdtBINANCE:EIGENUSDT
🚨 **Current Price**: **3.345**
If the price holds around **3.345**, the next resistance levels could be:
💥 **3.800** – A key level to watch for potential selling pressure.
💥 **4.132** – If it breaks **3.800**, this could be the next target for upward movement.
However, if the price doesn't hold and drops, watch these support levels:
⚡ **2.500** – A possible level where the price might find some stability.
⚡ **2.433** – If it falls below **2.500**, this could be the next support zone.
📉 **Explanation**:
- If the price stays above **3.345**, it's a sign of strength, and we could see it move higher towards **3.800** and **4.132**.
- If it drops below **3.345**, the price might test those support levels, with **2.500** and **2.433** being key areas for a possible reversal.
⚠️ **Just my thoughts, not financial advice!** Always do your own research before making any decisions! 📈💡
Pnut/UsdtBINANCE:PNUTUSDT
**Current Price**: **$1.0873** 📉
### **Support Levels** (where the price might find potential support):
- **First Support**: **$0.9000** 🔴
- **Second Support**: **$0.8000** 🔴
- **Third Support**: **$0.6504** 🔴
You're saying it's **unlikely** that the price will hold at these support levels for long, but if it does, it could offer a potential bounce! 🤞
### **Resistance Levels** (where the price could face difficulty rising past):
- **First Resistance**: **$1.4000** 🟠
- **Second Resistance**: **$1.7645** 🟠
If **Pnut** can break through these levels, there could be further upside potential 🚀, but these resistance zones are key to watch.
---
### **Summary**:
- **Support Areas**: **$0.9000, $0.8000, $0.6504** 🔴 (Possible bounce if price holds, but you're doubtful)
- **Resistance Areas**: **$1.4000, $1.7645** 🟠 (Key resistance points to break for upward movement)
---
**Not financial advice!** As always, be sure to do your own research and manage your risk carefully! 📊💡
Slf/UsdtBINANCE:SLFUSDT
**Current Price**: **$0.4442** 📉
**Resistance Area**: **$0.5600** 🔴 (Price has been rejected from this area, so it's a key resistance level to watch)
---
**Key Support Areas**:
- **First Support**: **$0.3800** 🟢 (This is the level to watch for a potential bounce 🚀)
- If the price doesn't hold at **$0.3800**, the next support level is at **$0.3200** 🔴.
---
In summary:
- **Resistance**: **$0.5600** 🔴 (Keep an eye on this area!)
- **First Support**: **$0.3800** 🟢 (Watch closely for a potential bounce!)
- **Next Support**: **$0.3200** 🔴 (If the price drops further, this could be the next stop!)
---
If the price holds at **$0.3800**, we could see a nice recovery 🌱🚀. But if it breaks, keep **$0.3200** on your radar as the next key level to watch. 👀
**Not financial advice!** Always do your own research and make informed decisions! 📊💡
Banana /UsdtBINANCE:BANANAUSDT
### 📊 **Current Price: 67.17**
- BANANA coin is currently at **67.17**, which places it in an important price zone. This price level is crucial to watch closely for any signs of a breakout or breakdown.
---
### 🔨 **Resistance Levels: 78.72**
- The **78.72** level represents an **important resistance zone**. Resistance is where the price tends to face selling pressure, making it harder for the price to move higher.
- **Why this is significant**: For BANANA to continue its upward movement, it needs to break through the **78.72** resistance level. However, as you mentioned, breaking through this level is likely to be a "difficult road map." The market may experience some struggles here due to previous sellers at this price point.
---
### 🔄 **Key to Success: Break and Retest Resistance**
- **Break and Retest**: This is a critical trading concept. Once the price breaks through resistance, it often comes back to test that level again to confirm that it has become new support.
- **Example**: If the price rises above **78.72**, it may retrace back down to that level (or slightly lower) before continuing upward. This "retest" helps to confirm that the breakout is valid and not a false signal.
- **Why this matters**: If the price fails to retest and hold above the broken resistance, it might indicate weakness, and the price could drop back below resistance, which could lead to a reversal or continued consolidation.
---
### 📉 **Support Levels: 54.35 / 48.00 / 42.34**
- **Support levels** are crucial for identifying potential price floors where the market might find buying interest. If the price falls below the current level of **67.17**, the following support zones can provide critical price points to monitor for potential reversals:
1. **54.35**: A strong potential support level where buying interest might show up, preventing the price from dropping further.
2. **48.00**: Another support level where there could be buying pressure if the price falls lower.
3. **42.34**: The lowest support you’ve identified, which could act as the final line of defense for the price before a significant downward move.
---
### 🛣️ **Price Scenario Breakdown**
- **Scenario 1: Price Holds Above 67.17**
- If the price holds at **67.17** or rises above, the next goal is to break through **78.72**. Once this resistance is breached and retested, the potential for an upward trend increases, but patience is key.
- **Scenario 2: Price Fails to Hold 67.17**
- If the price fails to hold **67.17** and starts moving downward, watch for a potential test of the **54.35** support level. If this level doesn't hold, the price may drop further, testing **48.00** and **42.34**.
---
### 💡 **Conclusion: What to Watch For**
- **Breaking Resistance (78.72)**: The key level to watch is **78.72**. If the price can break this resistance level and then successfully retest it, the market might continue upwards. This breakout confirmation is essential for the continuation of the bullish move.
- **Falling Below Support**: If the price fails to hold **67.17** and falls toward the support zones, the **54.35**, **48.00**, and **42.34** levels will be critical. If those levels fail, further downside risk could occur.
### 🚨 **Reminder**:
This analysis is not financial advice! Always perform your own research and use proper risk management in your trades. Markets can be volatile and unpredictable.
CADJPY LONGSBeen a Bullish trend since October, and November opened above Oct close. Big ingulfing candle with the close and open below( July close was resistance turn to support with November opening above. I'm expecting buys above 109.899 and Take profits FX:CADJPY at 112/113/114 and possibly 115/116 but pullbacks around 113 before the larger scale moves.
GBPCAD: Bearish Move From Trend Line 🇬🇧🇨🇦
GBPCAD may drop from a solid falling trend line on a 4H.
After its test, the pair started to consolidate.
A strong bearish imbalance candle violated its support,
giving a strong bearish confirmation.
With a high probability, the price will reach at least 0.793
❤️Please, support my work with like, thank you!❤️
DJT a winner in life. A winner in the market? Hello Traders,
Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way!
That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week.
In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable!
Stay Profitable,
Savvys
PGR (Long) (Weekly Income)Asset Class: Stocks
Income Type: Weekly
Symbol: PGR
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 246.66 (Confirmation Entry)
Stop: 234.70
TP 282.53 (3:1)
Trade idea:
A price pin into a daily demand zone , Buying the breakout on the 1H TF as the price pullback and the SL at the distal line of the DZ (Conservative) . The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR with a potential for 4:1. The RSI is oversold on the 4H , showing divergence, and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
-Split the TP to 3 orders at each TP
-when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free.
-After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
CEG Long (Stop Limit)Asset Class: Stocks
Income Type: Daily
Symbol: CEG
Trade Type: Long
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 237.90 (at the Breakout)
Stop: 223.79
TP 223.79 (3:1)
Trade idea:
A price pin into a daily Fair Value Gap , Buying the Stop as the price pullback and the SL at the last swing low. The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
-Split the TP to 3 orders at each TP
-when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free.
-After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
EURAUD: Bearish Setup Explained 🇪🇺 🇦🇺
EURAUD leaves multiple bearish clues after a test of a key daily resistance.
The price violated a support line of a rising wedge pattern
and formed a double top on an hourly.
With a high probability, we will see a retracement to 1.642525
❤️Please, support my work with like, thank you!❤️
GOLD BUY OR SELL IMPORTANT ANALYSIS?Technical Analysis: Currently, gold is trading at $2771, showing signs of potential volatility in the near term. The price has recently faced resistance around $2785 to $2790, which suggests that a correction may be imminent. I anticipate a retest of key support levels at $2758 or even $2748 before a possible rebound. Should the price maintain above these support zones, we could see gold push higher, targeting those upper levels again. Conversely, if selling pressure persists and we break below $2748, the next support level to watch would be $2730.
Fundamental Analysis: On the fundamental side, gold's movements are heavily influenced by macroeconomic factors such as interest rates, inflation expectations, and geopolitical tensions. Recent economic data points, such as inflation reports and employment figures, have created uncertainty in the markets. This backdrop has historically driven investors towards safe-haven assets like gold. If ongoing economic indicators continue to signal instability, we may witness renewed buying interest in gold, pushing prices higher. However, if the Federal Reserve maintains its aggressive stance on interest rates, this could exert downward pressure on gold, reinforcing the need to monitor these developments closely. Let’s see how gold plays out in the coming sessions!
Expecting an upside breakRecently, I published an analysis on this currency pair in which I mistakenly drew the target price for wave B. Generally, corrective wave B is equal to wave A in terms of time and price, and wave B is often shorter than wave A. Currently, wave B is equal to wave A in terms of time. Additionally, the price has recently formed a triangle pattern, and it’s expected that once wave B is completed, it will break upwards from this triangle, complete wave C up to the end of the channel, and then resume its downward trend. So, we are waiting to see if the price will break this triangle upwards or downwards.
BTC broke out of rising wedge pattern! BTC broke out of rising wedge pattern ; In this technical analysis, Fibonacci retracements of price and time were used to compare the strength of buyers and sellers. As we can see, after an impulsive wave where BTC's price increased to 73,600 over 182 days, it corrected by only 50% over the next 182 days. This means that the market has given sellers as much time as it did buyers, but their strength was half of that of the buyers over the same period. With this description, we can expect the end of the corrective wave and the start of a new impulsive wave, but before that, the previous high of 73,600 must be broken to confidently enter a long trade. Also, the 70,000 level is an important area for BTC; if BTC can hold this area, the likelihood of its rise will increase significantly. This analysis will be updated in the coming days.
Gold M30 Sell Trade is Ready!Setup:
Current Price: 2754
Target Price: 2744 (100 pips)
Stop Loss: 2760
In the technical analysis, XAU/USD is currently facing strong resistance at 2754, where the price has struggled to break through in previous attempts. The Relative Strength Index (RSI) indicates overbought conditions, suggesting a potential reversal. Recent bearish candlestick patterns further support the idea of a downward move. A confirmed break below the support level at 2750 could trigger selling pressure, pushing the price down toward the target of 2744.
From an institutional perspective, there is notable selling volume around the 2754 mark, indicating that larger market players are actively positioning for a decline. The Commitment of Traders (COT) report shows that large speculators are holding net short positions, reinforcing the bearish sentiment. Additionally, liquidity sweeps at this level suggest that institutional traders are anticipating a downward move, making this a compelling opportunity to enter a short position.
Potential Upside for EURNZDTechnical overview:
The EURNZD currency pair has recently formed a head and shoulders pattern, and the price is currently at the neckline of this pattern as well as a significant resistance zone (1.8065-1.8160). If the price successfully breaks through this area, it could reach the specified price targets. However, if the price reverses downward from this zone, the first valid support level will be 1.78360.
Fundamental overview:
Considering recent geopolitical tensions that have driven the market toward risk-off sentiment, along with recent statements from the RBNZ, the NZD has weakened over the past month. If tensions continue to escalate in the coming days and weeks, we can expect this currency pair to increase further.
This analysis will certainly be updated after the price reacts to the resistance zone and neckline. Don’t miss the upcoming trading opportunities in this currency pair.
What are your thoughts on EURNZD ? are you bullish or bearish?