Harmonic Patterns
OP/USDT | 1WNASDAQ:OP #Optimism Macro chart Another
💯 Intermediate Target - $8
🚩 Macro Target 1 - $11
🚩 Macro Target 2 - $17
🚩 Macro Target 3 - $25
- Not financial advice, trade with caution.
#Crypto #Optimism #OP #Investment #L2
✅ Stay updated on market news and developments that may influence the price of Optimism . Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
ARB/USDT | 1W 🩸 AMEX:ARB #Arbitrum. Macro chart Another
💯 Intermediate Target - $4
🚩 Macro Target 1 - $6
🚩 Macro Target 2 - $10
🚩 Macro Target 3 - $15
- Not financial advice, trade with caution.
#Crypto #Arbitrum #ARB #Investment #L2
✅ Stay updated on market news and developments that may influence the price of Starknet . Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
GOLDGold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764 zone supply roof
GOODLUCK
GOLD 4HR LINE CHARTGold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764 zone supply roof
BREAK ABOVE THIS LEVEL EXPECT A NEW ALTH
GOODLUCK
GOLDGold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764-2758 zone supply roof .
WATCH 2780.
GOODLUCK
GOLDGold buyers defending 2716.87 during newyork session suggests that this level has become a significant support, which could lead to a bounce in price to attempt to break 2747 -2750 SUPPLY ROOF. This defense indicates that buyers are actively supporting the price at this level, preventing it from falling further.
I see a swing into 2764-2758 zone if we correct into 2735-2730 for a buy and reject this level.
the market is in sell zone ,care should be applied because of institutional rejection to price upswing. Especially at 2764 zone
THE demand floor could send price into 2797-2800 whole number on timing, if the analysis break 2764 zone supply roof
WATCH 2780 NEXT SUPPLY
GOODLUCK
USOIL/ Key Resistance at $76.20 and Bullish Breakout PotentialOil prices are currently below $76.20, a key resistance level, suggesting further downside potential toward support levels at $74.01 and $72.86. However, if the price manages to rise above $76.20, it would signal a shift toward bullish momentum. For confirmation, a close above $76.20 on a 4-hour or daily chart would be necessary to validate the breakout and start a bullish trend. A close above this level indicates the potential for further gains, as the resistance has been overcome.
NZD/CHF H4 | Heading into multi-swing-high resistanceNZD/CHF is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5146 which is a multi-swing-high resistance that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 0.5186 which is a level that sits above a swing-high resistance.
Take profit is at 0.5110 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Gold will be fly make new record 2810This chart displays an analysis of the Gold Spot/U.S. Dollar (XAU/USD) on a 1-hour timeframe. Key components of the analysis include:
1. Current Price Levels:
Buy price: 2,761.12
2. Bullish Channel:
Gold is trending within an upward sloping channel, indicating a bullish trend in the short term.
3. Target Levels:
A significant target is identified at 2,810, marked as a potential new high.
4. Price Action Projection:
The blue arrow suggests that the price is expected to rise toward the target level of 2,810. After reaching this, a possible correction or retracement might occur before another upward move.
5. Stop Loss:
A stop-loss level is set at 2,740, which is below the current trendline to minimize potential losses in case the trend reverses.
6. Resistance and Support Zones:
Key resistance levels are near 2,810, while the lower boundary of the channel and 2,740 serve as support.
This analysis anticipates a continued bullish move but incorporates risk management strategies in case of market reversals.
Kha
TRUMP With Big buying OpportunityThe TRUMPUSDT coin is currently trading at $41, with a target price of $100, indicating a potential gain of over 250%. The coin is forming a Bullish Pennant pattern, which suggests a potential breakout. This pattern is typically seen as a continuation pattern, indicating that the coin's price may continue to rise after the breakout. The Bullish Pennant pattern is characterized by a series of higher lows and lower highs, forming a triangular shape. A breakout above the upper trend line of the pennant could confirm the bullish trend. However, it's essential to exercise caution and consider other technical and fundamental factors before making any investment decisions.
WTI Oil H4 | Rising into overlap resistanceWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 77.20 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 78.77 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 74.85 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD → Efforts to shift the global trendFX:EURUSD breaking the boundaries of the prolonged downtrend channel, the pair is currently struggling below the resistance level at 1.0448, aiming for consolidation that could set the stage for a further rally of at least 100 to 200 pips.
The global trend remains bearish, and it is still too early to confidently declare a reversal. Prices are facing significant pressure at the critical resistance level of 1.0448. However, signs of a potential breakout are beginning to emerge in this area. If the US dollar continues its corrective movement, EURUSD could have a chance to confirm a shift in the current trend. A decisive breakout above 1.0448, followed by consolidation, could pave the way for the next bullish momentum.
Key levels to watch:
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Currently, all eyes are on the critical resistance level of 1.0448. A breakout and stability above this level could provide an attractive entry point for long positions, setting the stage for the next phase of growth.
Sincerely, Bentradegold!