LONG
NZDJPY Bullish Stock and Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring NZDJPY for a buying opportunity around 88.500 zone, NZDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 88.500 support and resistance area.
Trade safe, Joe.
USDJPY Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 156.700 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 156.700 support and resistance area.
Trade safe, Joe.
GBPCAD Will Grow! Buy!
Take a look at our analysis for GBPCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.811.
The above observations make me that the market will inevitably achieve 1.834 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves.
As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%.
The Main Question: What’s Next?
Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option.
Technical Analysis:
As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction.
The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here.
Outlook:
After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
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EURUSD Is Switching Trend For Bearish Dollar SeasonHey Traders, in the coming week we are monitoring EURUSD for a buying opportunity around 1.04100 zone, EURUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.04100 support and resistance area.
Trade safe, Joe.
NZD/USD LONGLong NZD/USD is supported by technical analysis based on key indicators that suggest a potential reversal or bounce in the price. On the 4-hour chart, the price is showing signs of consolidation after a long downtrend, with a favorable setup for a recovery.
The Alligator moving averages are still bearish, but the price is starting to consolidate near the lower level, suggesting a possible weakening of the bearish pressure.
The indicator below is showing a reversal from the oversold level (-50), with a positive bias, signaling a potential resumption of buying by the market.
Support and Resistance: The support level at 0.5700 has held so far, while the target area is visible near 0.5740-0.5760, indicating a reasonable profit window. The stop loss has been placed below the recent low to manage risk.
These elements suggest that the price may attempt a bounce in the short term. However, it is essential to carefully monitor the confirmation of the trend through a breakout of key levels and increasing volumes.
MDB - Scary Pullback Or Give UpNow THIS is a heck of a scary pullback!
But the sime time, for me it's a gift from the trading God to Enter/Re-Enter with a start position, if not already in.
Price got rejected at the 1/4 line, which I find it does often. But this doesn't mean that the party is over.
The Pitchfork/Medianlines give us the projection in time. And the white Pitchfork is pointing upwards, while the orange Pullback-Fork has a level of Support at the Center-Line.
All in all, it's a nice Long for me.
ETHUSD Will Go Higher From Support! Long!
Please, check our technical outlook for ETHUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,346.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,667.7 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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SILVER BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
The BB lower band is nearby so SILVER is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 31.649.
✅LIKE AND COMMENT MY IDEAS✅
GBPJPY Is Nearing Smaller Time Frames TrendHey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 197.100 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 197.100 support and resistance area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.25600 zone, GBPUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.25600 support and resistance area.
Trade safe, Joe.
STEPN - Looking great, don't let FOMO draw you inYes, this looks like a fantastic time to buy. But is it? No. Until the super simple chart with the trend line is breached decisively, there shall be no buy. If the trendline is not broken, then we're just set for more down and lower lows. Want to lose all your money? Plough it in based on FOMO. If you do not want you bank account to go to $0.00 then step back, zoom out and keep an eye on the signals to ensure you're not putting good money after bad. All the glitters is NOT gold. Follow for more.
TRUST - Much more high to put in yetTRUST looks like a great coin that has a really nice strong, positive trajectory ahead. It's strength looks like its coming from a very strong, solid foundation from Elliot Waves with the first impulse of higher degree of trend 1 being put in. The long, slow, churn we've seen of late is very typical of an Elliot wave 4. So, it we can see a higher high that will give us confirmation that we're on the road to complete wave 5 of 1, which by all accounts is likely to match the distance travelled of 1. Good luck and follow for more.
DOGE price predictionI've posted a few DOGE coin predictions over the last few weeks, with this one being an adaptation of one that I've previously posted. It looks as though we could be in a handle of a very long term cup and handle, with the handle being wave 4 of 5 of 1. IF it plays out there there's a mid-term decline underway and still coming until the end of the current cycle and then up in typical impulse fashion for 1-5 for the completion of 5. But, if there is a local high, then the cup and handle is invalidated and I'll put in a new prediction. In the immidate term all crypto is likely to go down for at least another week and then up from there. Follow for more.
NZDCAD My Opinion! BUY!
My dear followers,
I analysed this chart on NZDCAD and concluded the following:
The market is trading on 0.8111 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8157
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK