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Harmonic Patterns

7 Reasons Why $OM is Poised for Explosive Growth7 Reasons NASDAQ:OM is positioned for massive growth: 1️⃣ First mover in compliant RWA tokenization (TAM: $1000T+) 2️⃣ BlackRock Money Market Fund access via Libre partnership 3️⃣ Mainnet live + working products (staking, USDY, Chakra pools) 4️⃣ Strong institutional backing (Google Cloud + TradFi) 5️⃣ Still early: <1% of RWA market tokenized 6️⃣ Consistent growth: 6000%+ price action in 1 year 7️⃣ Strong roadmap ahead with new products, airdrops, & deeper TradFi ties The bridge to TradFi is being built. LFG 🌉 #DeFi #RWAs #Bullish #MANTRA
Long
by awaixs001
$OM to Dominate 20244 reasons why NASDAQ:OM will dominate 2024: 1⃣ First-mover advantage in HUGE RWA market with working infrastructure 2⃣ Massive institutional adoption - Google Cloud partnership + expanding TradFi integrations already live 3⃣ Real utility szn: While others chase memes, MANTRA's bridging TradFi to DeFi with actual revenue-generating products 4⃣ Complete ecosystem: MANTRA Chain ready for institutional capital inflow. NASDAQ:OM is just getting started. BULLISH! #MANTRA #Altcoins #CryptoNews #Binance #NFA
Long
by emiliaclark
NZDCAD Buy opportunity at the bottom of the 1-year Channel Up.The NZDCAD pair hit our 0.85650 Target as discussed on our last idea (August 22, see chart below) and then got immediately rejected: The rejection initiated the Bearish Leg of the 1-year Channel Up and the price is approaching once more the bottom (Higher Lows trend-line) of the pattern. The previous 2 Higher Lows were priced on the 0.236 Fibonacci retracement level, which is slightly below, but the 1D MACD is forming a Bullish Cross today, which has been an absolute buy signal this past year. As a result, we turn bullish on this pair, targeting Resistance 1 at 0.86450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CETUS/USDT LONGBased on the CETUS/USDT 1-hour chart provided, here is an analysis for a potential long setup: Key Observations: Trend Analysis: The chart shows a recent strong bullish momentum indicated by multiple Breaks of Structure (BOS). The price has surged upwards, confirming bullish sentiment. The formation of a Weak High near the current price indicates a potential retest or breakout zone. Support and Resistance Levels: The nearest support level is around $0.3330–$0.3400, where the price recently consolidated before pushing upward. The next resistance zone is near the Weak High level at approximately $0.3450–$0.3500. A breakout above this level could lead to further upward movement. Chart Patterns: The chart shows an ascending triangle pattern, with higher lows converging towards a resistance level. This pattern often signifies a continuation of an uptrend and increases the likelihood of a breakout. Indicators: RSI (Relative Strength Index): The RSI is positioned in the higher range, indicating bullish momentum but approaching an overbought condition. Caution is advised, as overbought RSI levels can precede a pullback. Moving Averages: The price appears to be supported by a shorter-term moving average (possibly the 50-period MA), which aligns with an upward trend confirmation. Long Trade Analysis: Potential Long Entry: A long position could be considered if the price breaks above the Weak High near $0.3450, confirming further bullish momentum. Stop-Loss: Below the nearest support at $0.3330 to manage risk effectively. Take Profit Targets: First Target: $0.3700, where previous price action has shown potential resistance. Second Target: $0.4000, which aligns with the next significant historical resistance zone. Alternative Scenario: If the price fails to break above $0.3450 and instead retraces, monitor the $0.3330–$0.3400 support area for a potential re-entry opportunity. Conclusion: This analysis suggests waiting for confirmation of a breakout above the $0.3450 level for a safer long entry. It’s crucial to monitor the RSI for signs of divergence or a potential pullback and adjust stop-loss and profit targets accordingly.
Long
by potfew345
USD/CAD chart on the 4-hour timeframeUSD/CAD chart on the 4-hour timeframe, here's a detailed analysis for potential future movements, along with suggested entry, take profit (TP), and stop loss (SL) levels based on a 1:3 risk-to-reward ratio. Analysis: 1. Trend Observation: Uptrend: USD/CAD has shown strong bullish momentum, reaching new highs in the recent period. The pair appears to be in an uptrend, with higher highs and higher lows. 2. Key Support and Resistance Levels: Resistance: Around 1.3950 (near recent highs). This level has been tested but not broken, indicating selling pressure. Support: Around 1.3810 and 1.3680. These levels have previously seen buying interest and could provide support if there is a retracement. 3. Potential Scenarios and Setups: Bullish Scenario (If uptrend continues): USD/CAD may find support near 1.3810, and a bullish reversal from this level could signal a continuation of the uptrend. Watch for bullish confirmation signals such as strong green candles near support. Bearish Scenario (If resistance holds or a reversal occurs): If USD/CAD fails to break above 1.3950 and shows signs of reversal, a pullback towards support at 1.3680 is possible. Strategy Summary: 1. Risk-to-Reward Ratio: Both setups are designed to provide a 1:3 risk-to-reward ratio. 2. Market Confirmation: Wait for confirmation patterns (e.g., candlestick patterns like engulfing candles) before entering to increase the probability of success. 3. Monitor Economic Events: USD/CAD can be impacted by U.S. and Canadian economic announcements, oil prices, and interest rate decisions from the Federal Reserve and Bank of Canada.
Short
by ShariarsLife
Ethereum Breaks Range Resistance: Bullish Rally Incoming..?Ethereum has recently broken free from its range-bound trading pattern, a significant development that indicates potential upward momentum. The current focus is on sustaining this price movement above the established range, which could signal a shift in market sentiment. If this upward trend continues, the first target for Ethereum's price is projected to be around $3,540. This target level could serve as a pivotal point, influencing traders' decisions and market dynamics in the days to come.
BINANCE:ETHUSDLong
by Kartik_Elkunchwar
Bitcoin Smashes ATH: Is a New Bull Run on the Horizon..?Bitcoin has recently soared to a new all-time high, a surge that many analysts attribute to the unexpected victory of Donald Trump in the presidential election. This political shift has sparked renewed interest and investment in cryptocurrencies, particularly Bitcoin. Currently, the digital currency is in the process of testing a newly established support level, which fluctuates between 74000 and 74600 dollars. As Bitcoin ventures into this uncharted price territory, it presents both opportunities and challenges for investors. The uncertainty surrounding this price range complicates the ability to forecast potential price targets shortly. Market dynamics, investor sentiment, and external economic factors will all play crucial roles in determining Bitcoin's trajectory as it navigates these unprecedented levels.
BINANCE:BTCUSDLong
by Kartik_Elkunchwar
AUD/USD Decline: Aligning for a Potential Dip to 0.65By combining these fundamental and technical factors, traders might consider shorting AUD/USD with a target of 0.65, aiming to capitalize on both economic and market sentiment-driven movements. Interest Rate Differential: If the Reserve Bank of Australia (RBA) is perceived as dovish compared to the U.S. Federal Reserve, which might be maintaining or increasing rates to combat inflation, this interest rate differential can make the USD more attractive to investors, leading to a depreciation of the AUD/USD pair. Geopolitical Risks: Heightened geopolitical tensions in the Asia-Pacific region or adverse trade policies affecting Australia could undermine investor confidence in the AUD, making short positions more attractive.
Short
by FtradeFXArabic
USD/CAD H4 | Falling to swing-low supportUSD/CAD is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.3823 which is a swing-low support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.3745 which is a level that lies underneath a swing-low support and the 38.2% Fibonacci retracement level. Take profit is at 1.3943 which is a multi-swing-high resistance. 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.
Long
by FXCM
Gold rebounds and corrects, waiting for non-agricultural dataIn the early trading of gold, short (buy decline) in batches, 20% of the position, stop loss 6 points, target 2745-2730, break to see 2720 Gold callback near 2718-2720, long (buy rise) in batches, 20% of the position, stop loss 6 points, target 2735-2745, break to see 2750 Currently, the price has fallen below the upper and lower lines, but it did not close below. The key point is whether it can continue today. Today is the first day of the monthly line change. There is a large gap. The probability of covering this month is very high. The four-hour rebound at the lower track support, the overall break Bottom, the hourly chart has a big negative line that broke the lower line and the acceleration line downward. It is currently in a weak correction. Whether it can recapture the lower line and the acceleration line is the key. If it is recaptured, it will return to the second highest point of the second decline last night. So today we will focus on two points, one is 2758, and the other is 67. The support below is still 30, and the second is 2718-08. The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space for gold will continue to open. Gold will rebound under pressure at 2758 during the day. It will continue to go short at highs below 2758 in the European session. Go short near the current price of 2755. On the whole, today's short-term operation strategy for gold is to mainly go short on rebounds and to go long on pullbacks. The short-term focus on the upper side is the 2758-2760 resistance line, and the short-term focus on the lower side is the 2738-2740 support line.
OANDA:XAUUSD
by Angela-Lilly