Get started

Harmonic Patterns

Bullish bounce?USD/ZAR is falling towards the pivot and could bounce to the 1st resistance. Pivot: 18.42633 1st Support: 18.12402 1st Resistance: 18.77859 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
TRBUSDT Breakout from Falling Wedge — Next Stop $32+?🕊️ TRBUSDT breaks out of a multi-month falling wedge pattern with clean structure and increasing volume. ✅ Entry: $26.90 - 24.00 🔻 Invalidation: Below $22.50 🎯 Targets: TP1: $32.63 TP2: $40.10 TP3: $48.95 The 100 EMA overhead may act as resistance, so watch how price reacts near $32. Are you watching TRB? Let me know your thoughts below 👇 #TRBUSDT #Altcoins #BreakoutTrade #CryptoTrading #ChartPattern #FallingWedge #TechnicalAnalysis #TrendReversal #CryptoSignals
Long
by BrytJoy
1
ETHUSDT Breakout — Reclaiming Structure, 1940 Next?📈 Ethereum breaks downtrend with strong daily candle reclaiming key structure at $1,679. 🔥 Volume confirms the move, and price now targets the next resistance levels: TP1: $1,754 TP2: $1,846 TP3: $1,941 A retest of $1,679 would be healthy before continuation. 🚨 If bulls hold this level, we may be seeing early signs of a broader recovery. Thoughts? Are you long ETH here or waiting for confirmation? #ETH #Ethereum #Breakout #Trendline #Crypto #TechnicalAnalysis #Altcoins #PriceAction #SupportResistance #ChartPatterns
Long
by BrytJoy
Bitcoin UpdateCurrent Price: $91,160 (+4%) 📊Technical Overview • 200-Day MA: $88,356 – BTC is trading above it → Bullish sign • RSI: 78 – Overbought zone → Possible pullback • Resistance: $90,000 – Key psychological level • Support: $85,000 – Watch this level on retracement On-Chain Insight • Long-Term Holders: Some distribution happening → Profit-taking • Network Activity: Steady → Healthy usage • Sentiment: Bullish → Weak USD + institutional inflows Macro & Fundamentals • U.S.–China tensions + Fed uncertainty → BTC seen as safe haven • Institutions are increasing their exposure → Positive market signal Summary: BTC shows strong bullish momentum, but RSI is overheated. Stay alert for potential short-term correction. Key levels: $85K support / $90K breakout.
BITSTAMP:BTCUSD
by Ram-Karavadra
GOLD 1H TIME FRAMEThis image is a price chart of Gold (XAU/USD) on a 1-hour timeframe from the TradingView platform, showing data up to April 15, 2025. Let’s analyze it and explore possible price paths. Chart Analysis: Overall Trend and Trendlines: The price is in a long-term uptrend (red ascending trendline at the bottom of the chart). However, recently, the price has hit a resistance zone (red shaded area between 3360 and 3380) and is forming a Descending Triangle pattern. This pattern typically indicates a potential continuation of a downtrend or a breakout. Support and Resistance Levels: Resistance: The 3360 to 3380 zone, where the price has reacted multiple times and failed to break through consistently. Support: The ascending trendline around 3300 and a horizontal level around 3280 (the lower boundary of the triangle). Descending Triangle Pattern: The descending triangle is formed with a horizontal resistance line (at 3360) and a descending support line (blue line). This pattern generally suggests selling pressure, making a downward breakout more likely, though an upward breakout is also possible. Volume and Indicators: Volume is not visible in the image, but if volume increases during a breakout, it can confirm the move. The current price (3327.89) is near the triangle’s support line, indicating a potential for a significant price move (breakout) soon. Current Price Action: The price is currently near the triangle’s support (around 3320) and has formed a bearish candle. This could indicate selling pressure. Possible Price Paths: Based on the descending triangle pattern and the current price position, there are two main scenarios: Scenario 1: Downward Breakout (Higher Probability) If the price breaks below the triangle’s support (around 3320): Price Target: The vertical height of the triangle (from the high at 3380 to the low at 3320 = approximately 60 units) is subtracted from the breakout point (3320). Thus, the target would be around 3260. Path: The price could move toward the next support at 3280 and then to 3260. Confirmation: A strong bearish candle with increased volume can confirm this scenario. Scenario 2: Upward Breakout (Lower Probability) If the price breaks above the triangle’s resistance (3360): Price Target: The vertical height of the triangle (60 units) is added to the breakout point (3360). Thus, the target would be around 3420. Path: The price could move toward the next resistance at 3400 and then to 3420. Confirmation: A strong bullish candle with high volume can confirm this scenario. Drawing Possible Paths: Assuming the price moves from the current point (3327.89): Downward Path (Breakout Down): The price moves from 3320 to 3280 (horizontal support) and then to 3260 (triangle target). Path: A straight line from 3327.89 to 3280, then to 3260. Upward Path (Breakout Up): The price moves from 3327.89 to 3360 (triangle resistance), breaks it, and heads toward 3400 and then 3420. Path: A line from 3327.89 to 3360, then to 3400, and finally to 3420. Recommendation: Entry/Exit Points: If you plan to trade, wait for a confirmed breakout (with candle and volume confirmation). For a downward breakout, you can sell at 3320 with a stop loss at 3360 and a target of 3260. For an upward breakout, buy at 3360 with a stop loss at 3320 and a target of 3420. Risk Management: Use proper risk management, as false breakouts are common in triangle patterns.
TVC:GOLD
by alirezakari
Beware of Bitcoin falling below 80K!Hello, traders BTC has had a nice little bump over the last few days, but let's not forget that there is a massive profit taking crowd behind it. We are reaching the tip of the gravy train and now profit taking will take into effect. Candles are shorter and slope is less steeps. Can't say for sure, but it def looks like it will drop to 81k support levels, as no one in their right mind will be buying at the top. You've been warned! All the best, always do your own due diligence, and this may be a nice time to look into BTCZ (inverse)!
Short
by Ram-Karavadra
1
Gold selling plan!Gold prices have soared to a new record high of $3,500 per ounce, fueled by a weakening U.S. dollar and escalating concerns over Federal Reserve policies and trade tensions. The dollar index has fallen to 98.164, prompting investors to seek refuge in gold as a safe-haven asset. This surge reflects a strong bullish sentiment, with traders buying into the rally despite traditional overbought indicators. - Analysts are now eyeing a potential temporary pullback for gold and profit taking.
FX:XAUUSDShort
by Ram-Karavadra
GOLD the retreat after hitting $3,500 is a natural market pause amid strong buying pressure, profit-taking, and technical overextension rather than a reversal of the bullish trend. The overall outlook remains positive, with gold continuing to benefit from safe-haven demand amid geopolitical and economic uncertainties. Dollar Weakness: The U.S. dollar has weakened amid political and economic uncertainties, making gold more attractive as an alternative store of value. Trade War Fears: Escalating trade tensions between the U.S. and China have increased economic uncertainty, prompting investors to seek safe-haven assets like gold. President Trump’s Criticism of the Fed: Trump's attacks on Federal Reserve Chair Jerome Powell and calls for rate cuts have unsettled markets, weakening the dollar and boosting gold demand. Strong Momentum and Overbought Conditions: Gold’s rapid ascent has pushed technical indicators like the Relative Strength Index (RSI) into overbought territory (around 79), which can lead to minor price pullbacks or consolidation but does not indicate a sustained sell-off.
ICMARKETS:XAUUSD
by Shavyfxhub
Platinum’s Path to $7,434: A Long-Term VisionPlatinum, often overshadowed by its precious metal counterparts, is poised for a transformative journey. While current forecasts for 2025 suggest modest price movements, a confluence of technical patterns and emerging industrial applications paints a compelling picture for substantial long-term appreciation.​ 📈 Technical Perspective: Fibonacci Insights Analyzing platinum's price action from a historical low of $720 to a high of $2,305 reveals a significant Fibonacci extension level. The 423.6% extension projects a potential target near $7,434. While ambitious, such extensions have precedent in commodity markets, especially when underpinned by strong fundamental shifts.​ 🔍 Current Market Forecasts Short to medium-term projections remain conservative:​ Macquarie anticipates platinum reaching $1,250 per ounce by 2028, driven by supply deficits and non-automotive demand. ​ Reuters CoinPriceForecast projects prices climbing to $2,867 by 2030, reflecting optimism about industrial demand and constrained supply. ​ InvestingHaven offers a base case of $900–$1,100 for 2025, with potential to exceed $1,250 if industrial demand strengthens. ​ These forecasts, while moderate, do not fully account for potential paradigm shifts in platinum's demand landscape.​ ⚙️ Emerging Demand Drivers Several factors could catalyze a significant uptick in platinum demand:​ Hydrogen Economy: Platinum's role in hydrogen fuel cells positions it as a critical component in the transition to clean energy. As countries invest in hydrogen infrastructure, demand for platinum could surge.​ Supply Constraints: With approximately 70% of platinum mined in South Africa, geopolitical and operational challenges could tighten supply, exerting upward pressure on prices.​ Investment Demand: As investors seek diversification and hedge against inflation, platinum's appeal as a tangible asset may grow, especially if it begins to outperform traditional precious metals.​ 🏁 Conclusion: A Vision Beyond the Horizon While a spot price of $7,434 may seem distant, the alignment of technical indicators with emerging fundamental drivers suggests it's within the realm of possibility over the next decade. Investors with a long-term horizon and appetite for volatility might find platinum an intriguing addition to their portfolios.
OANDA:XPTUSD
by wulrahmah
From Disbelief to Opportunity: Altcoin Market Flashes a Classic The altcoin market is currently holding above a critical support level—previously a strong resistance zone from March–April 2024—now sitting around $790 billion. This level once marked a ceiling before the market surged to its $1.16 trillion peak in December 2025. What’s particularly compelling is the breakout from a wedge pattern that had been forming since that December top. With a solid horizontal base and this technical breakout in place, the structure hints at a potential move back toward the previous highs—signaling a promising opportunity in quality altcoins. Meanwhile, Bitcoin is testing a major resistance level that once acted as a sideways range support between November 2024 and February 2025. Price has now re-entered that range, and BTC dominance (BTC.D), currently hovering above 64%, has been in a strong uptrend since 2022. However, a shift in dominance—should it begin to decline—could mark the start of a long-awaited altseason. Yes, altcoins might be one of the least favored topics in the current climate—but historically, disbelief has often been the foundation of great opportunities. The market’s psychology at times like these rewards those who position early, not late. Let’s see how the price action unfolds from here. #TRUETIDE🌊
CRYPTOCAP:TOTAL3Long
by TRUE_TIDE
1
Are we headed for ATH? My next tradesTuesday Trading Update 🎯 In today’s video, we dive into the higher time frame analysis of Bitcoin. We’re breaking down key live levels and the ongoing price action narrative. We’ve seen a solid 3-tap Trinity Model play out on the lows, tapping into a 2H demand zone—a move that’s giving us the conviction for a bullish structure break. Right now, I’m watching for a potential retracement to confirm support before a bullish continuation targeting the $95K zone. 🚀 Follow for more insights and stay ahead of the move!
Long
by Trade-Journal
FARTCOINUSDT: Inverse Head & Shoulders patternJoin our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze Fartcoinusdt : FARTCOINUSDT has completed a classic Inverse Head & Shoulders pattern, signaling a potential bullish reversal. The neckline breakout around 0.7390 aligns with the 0.5 Fibonacci retracement level and 100 EMA adding strong confluence. Price is now retesting this zone after a brief rally, with current support holding firm near 0.77. As long as this level remains intact, bulls are in control. A successful bounce here could lead to a continuation toward the $1.00 psychological zone and beyond. However, a daily close below the neckline could invalidate the structure. Watch for strong bullish reaction in this key demand area to confirm trend continuation. Support: $0.73- $0.66 Resistance: $1 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
Long
by persis10t
1
BTCBitcoin’s sudden price surge in April 2025 is driven by several key factors: Weakening U.S. Dollar and Treasury Speculation Bitcoin’s recent rally above $87,700 coincides with a weakening U.S. dollar index (DXY) and market speculation about upcoming U.S. Treasury buybacks, which could inject liquidity and reduce dollar strength, making BTC more attractive as an alternative asset. Volatile Stock Markets and Safe-Haven Demand Continued volatility and declines in traditional equity markets have pushed investors toward scarce assets like Bitcoin. Its fixed supply and growing recognition as a store of value amid economic uncertainty support its price gains. Return of Institutional Money Institutional investors are flowing back into Bitcoin, increasing demand and trading volumes. This renewed institutional interest adds credibility and liquidity to the market, fueling upward momentum. Positive Technical and On-Chain Indicators Technical signals such as a bullish MACD crossover and rising RSI indicate strong buying momentum. On-chain data shows increased active addresses and network activity, suggesting heightened investor engagement. Influential Social Media and Market Sentiment A notable tweet by Crypto Rover predicting a $100,000 Bitcoin triggered a surge in trading volume (up 17.8% in 24 hours) and a shift in market sentiment from neutral to greedy, further accelerating price gains through speculative trading and momentum strategies. Macro Stimulus and Global Monetary Policies Monetary stimulus measures in China and Europe, alongside expectations of U.S. Federal Reserve rate cuts later in 2025, are increasing liquidity in global markets. This environment favors risk assets like Bitcoin, which is decoupling from traditional markets and benefiting from global stimulus. Summary Factor Impact on Bitcoin Price Weakening U.S. dollar Boosts BTC as alternative asset Stock market volatility Drives safe-haven demand Institutional inflows Increases liquidity and market confidence Technical and on-chain momentum Signals strong buying pressure Influential social media Sparks rapid speculative buying Global monetary stimulus Enhances liquidity, supports risk assets Bitcoin’s current surge reflects a convergence of macroeconomic uncertainty, technical strength, and renewed investor interest, positioning it for potential further gains towards 100k on break of structure
Long
by Shavyfxhub