Get started

Gann

SHIBUSDT.1DExamining the daily SHIB/USDT chart, it's evident that Shiba Inu has faced significant volatility, following a declining trend that has recently started to show signs of a potential reversal. The chart exhibits a sequence of resistance and support levels that have dictated price movements over the recent months. Currently, SHIB is trading at $0.00001176, finding immediate resistance at $0.00001610 (R1), with a subsequent higher resistance at $0.00002035 (R2). There is also a long-term declining trend line, marked as R3, which could act as a crucial barrier if SHIB continues to ascend. On the downside, the support level is established at $0.00001098 (S1), with the price having shown resilience around this mark. The Stochastic RSI indicator is trending upwards from the oversold territory at 15.90, suggesting a possible increase in buying momentum which might aid in pushing the price towards R1. Conversely, the MACD is currently below the signal line, which typically suggests bearish momentum; however, the histogram is showing a reduction in negative momentum, indicating that the bearish pressure may be waning. From my analysis, if SHIB maintains its stance above the current support at S1 and continues to attract buying interest, there's potential for it to test the immediate resistance at R1. A strong break above this level could see SHIB aiming for R2, facilitated by increased trading volume and positive market sentiment. Nevertheless, traders should be vigilant of the broader market conditions and news that could impact SHIB's price, particularly due to its high volatility and susceptibility to market sentiment changes. In conclusion, for those considering trading SHIB, it would be prudent to place stop-loss orders just below the S1 level to manage risk effectively. Furthermore, keeping an eye on the MACD and Stochastic RSI for continued signs of bullish momentum will be key in determining the strength of the current recovery.
Long
by MarsSignals
Wing (WING) Buy/Trade Idea - Fundamental Insights**Descrizione:** This trade idea centers on Wing (WING), a decentralized finance (DeFi) platform designed to support cross-chain credit-based lending services. Wing distinguishes itself through its innovative approach to DeFi, offering users the ability to borrow and lend digital assets with a focus on risk control and community governance. With its credit evaluation model and growing ecosystem of partners, Wing is carving out a unique space in the DeFi landscape. Key fundamentals considered include Wing’s market capitalization, liquidity pool performance, and partnerships with major blockchain platforms. As the demand for decentralized financial solutions continues to rise, Wing is well-positioned to capitalize on this trend, making it a project with potential long-term upside. **Disclaimer:** Trading cryptocurrencies, including Wing (WING), carries significant risk and may not be suitable for all investors. Market conditions can be highly volatile, and there is a possibility of substantial losses. It is important to perform your own due diligence and seek advice from a licensed financial advisor before making any investment decisions. This content is for informational purposes only and does not constitute financial advice.
Long
by MoonTradingForecast
GME/USDT Gann Analysis: Decoding the Future Hello Dear Traders, This chart on **GME/USDT** uses the **Jinny Gann Ar** tool, designed specifically for Gann-based trading strategies. For those unfamiliar with Gann, it involves using angles and levels from the **Square of 9** to predict market turning points. Let’s dive into what the chart is telling us! ### Key Levels to Watch: - **0° = 0.001831**: This is a strong support level. If the price retraces to this point, it's a significant area to watch for a bounce. - **45° = 0.00257**: Another important support zone. It could act as a secondary support before reaching lower levels. - **90° = 0.003434**: The current resistance level where price action is hovering. A break above could lead to more bullish momentum. - **135° = 0.004423**: A potential breakout level. If the price clears this, it indicates a stronger bullish movement. - **225° = 0.006776**: A mid-level resistance to note, signaling a possible correction if reached. - **360° = 0.011243**: We are expecting this level to act as a major top for the next wave of bullish momentum. This would be a crucial area to consider for taking profits if price climbs this high. ### What Could Happen Next? The price is hovering near the **90° level** at the moment, and if the current resistance is broken, we could see it head toward **135°** and **225°**. The ultimate target is the **360° level** at **0.011243**, where a significant top is expected. However, be cautious of a pullback toward **45°** or **0°**, which would be ideal buying opportunities for bullish traders looking to enter at key support zones. ### Why Use Jinny Gann Ar? **Jinny Gann Ar** is a specialized Gann tool I’ve developed to help traders plot Gann’s key levels automatically. This allows for more precise trading strategies that follow the Gann methodology without having to manually plot angles and levels. **Jinny Gann Ar** is especially useful for those who want a deeper understanding of price action through the lens of Gann’s historical techniques. The tool provides a clear, structured approach to predicting market movements based on time, price, and geometry. --- This analysis provides a detailed look at what the GME/USDT chart is telling us using **Jinny Gann Ar**. We’re expecting a potential top at the **360°** level, but traders should keep an eye on key support and resistance levels along the way. If you haven’t already, try using **Jinny Gann Ar** to enhance your Gann-based trading strategies!
by Magic_xD
3
Final goal 2720Gold 4-hour moving average downward turning more and more severe, gold bears have a big opportunity, gold 4-hour rebound high successively reduced, gold high multiple top structure, gold rebound is to give the opportunity to bear, gold today 2652 line high pressure fell, gold 4-hour moving average resistance is also around 2652, US rebound pressure moving average resistance fell, One hour plate has been out of the new space, is expected to 2600 pass support, gold downward will still have a certain space, but we still do not go to chase empty operation, although the plate is weak, but if you want to rebound must be more than 20 dollars of space! Conservative strategy to wait for gold to rebound after the adjustment before continuing to bear! And above the primary concern of the pressure point is 2620 line and further pressure plate is at 2630, if the gold rebound reached 2620 can start the layout of empty orders! Gold bulls are powerless to recover, gold bears will become the main line, gold bears have a lot to do, we will see. In general, today's gold short-term operation ideas on Kim Sung-fu suggested rebound short, supplemented by a pullback to do more, above the short-term focus on 2620-2625 line resistance, below the short-term focus on 2600-2604 line support
FXOPEN:XAUUSD
by b725b725
Now is the best time to buy 2700 is only a matter of timeGold closed negative yesterday, the closing price finally lost the 10 moving average, then means that the short-term downward to continue a wave of shock correction, 5 day average also dead cross 10 moving average, today near the short-term average 2650 line will exist within a day greater resistance; Below or gradually expected to point to the middle track 2610, but not necessarily immediately to test, according to the early trend cycle comparison after August 22, probably tomorrow and the day after will continue to test the middle track, and then see whether the double long shadow K, once the form is implemented, the short-term shock down will end at any time, and return to the trend rise, and then brush the record high; So according to the middle track and channel guidance, 2600 can not be lost, puncture it does not matter, but can not close the break, otherwise the short-term adjustment space may expand.
FXOPEN:XAUUSD
by b725b725
#Bitcoin Update – Tuesday, 08.10.2024**As-salamu alaykum and Good Morning to All Brothers and Sisters,** #Bitcoin is currently moving within a range. It jumped at the beginning of the week but quickly gave back all its gains. We're still hovering around the same area as the last major dump, with the price continuing to fluctuate around that zone (see Arrow #5). Recently, Bitcoin tested the Black and Yellow resistance areas but was rejected, indicating that these levels are still strong. **What's Next?** At this point, we don’t have a clear confirmation for either a bullish or bearish trend. The price is sitting right on the Blue Line, which serves as both 4-hour support and resistance. This indicates that we are in a short-term range. For a bullish trend to take shape, Bitcoin must break through the Black and Yellow areas. On the other hand, a bearish move would require a breakdown below the Blue Line. If that happens, the next key support lies at the 59191 level (see Arrow #6), which has yet to be retested and is a crucial point to watch. **#Alts (Altcoins)** While Bitcoin struggles for direction, altcoins are still performing well, steadily reaching our Take Profit (TP) targets. However, for any new trades, I’m waiting to see where Bitcoin heads next. In the event of a further drop, we can reload our winning positions and take advantage of the dip. For now, I suggest taking it easy and waiting patiently. Once Bitcoin makes its next decisive move, we’ll be ready to act. Stay tuned for further updates, and as always, I wish you all a profitable and successful week ahead. Stay focused, stay patient, and have a great day!
Long
by MoonTradingForecast