XLM - Will XLM Find Strength or Stumble?XLM has been in a downtrend for the past 10 days after rejecting from the 0.618 Fibonacci retracement resistance. The price action shows lower highs and lower lows with no significant volume, signaling a potential continuation of the trend. Let’s identify the key support and resistance zones and possible trade setups.
Support Zone
A strong support zone lies between $0.3725 and $0.3695 based on multiple confluences:
Monthly Level: At $0.3725
Anchored VWAP: From the very low, the VWAP aligns with the monthly level
Fibonacci Retracement: Drawing the fib retracement from the year’s low to the recent high, the 0.75 Fibonacci level lies at $0.3695
Resistance Zone
Key Level: Price data highlights $0.435 as a significant S/R zone
Fibonacci Retracement: The 0.618 Fibonacci retracement from the current wave aligns with the key level
Short Trade Setup
Entry: 0.618 Fibonacci retracement/key level at around $0.435
Stop Loss: Above the previous high
Take Profit: Target the support zone at round $0.3725
Risk-to-Reward (R:R): 4.5
Long Trade Setup (on confirmation)
Entry: Long position between the support zone of $0.3725 and $0.3695
Stop Loss: 3% SL
Take Profit: around 0.39/0.4
Risk-to-Reward (R:R): 2 or better
LONG
GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,768.46.
Considering the today's price action, probabilities will be high to see a movement to 2,790.08.
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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NZDUSD Will Go Up From Support! Long!
Take a look at our analysis for NZDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.569.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.574 level.
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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GOLD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2,784.077.
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AUD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
AUD/JPY is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 98.447.
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CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.636 area.
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FIL/USDT BullishIn my opinion, FIL is in a reaccumulation zone with the potential to reach the $11$ zone again. It is also possible to reject the first target around $7.10$. I am prepared for every outcome. I am only spot trading here. On the longer timeframe the zone 14-15$ is on the table, but that depends on the overall market conditions. Good Luck.
DOGE potential for 19% short term gain based on Neural Network
Hi all, I developed an simplified AI indicator and I applied it to the DOGE 4 hour time frame chart and got positive results. On average, the backtest is showing roughly a 19% gain per LONG trade. According to the script, we just exited a short trade, and entered a long trade, and the average long trade yields 19%.
Looking at DOGE’s recent price action and leveraging my custom neural network backtest, there's a strong possibility that the coin could see a short-term gain. The model has been extremely accurate in predicting these types of moves, taking into account factors such as market momentum and volume patterns. With the technicals aligning, it appears that DOGE is positioned for a bounce, especially with the broader crypto market showing positive signals.
Keep an eye on DOGE, as the bullish momentum might just surprise us with something bigger.
TESLA Trading Opportunity! BUY!
My dear friends,
My technical analysis for TESLA is below:
The market is trading on 406.51 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish ) continuation.
Target - 414.50
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
DXY Will Go Up! Buy!
Here is our detailed technical review for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 107.464.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 109.437 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Will Move Higher! Long!
Take a look at our analysis for EURUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.049.
The above observations make me that the market will inevitably achieve 1.057 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.
Like and subscribe and comment my ideas if you enjoy them!
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BTC - Steady... steady... almost there!BTC in the short term is looking very much like a WXYXZ is forming. We should therefore see a low, which could temporarily breach the lower trend line. In fact, it'd make for a bullish signal if it did - so watch this carefully. If we see it ping back within the channel, then the formation will likely complete. Next thing we'll need to look for us the breakthrough of the upper trend line. This would then lead to higher higher and the completion of wave 5 of 1 which we have long been looking for. I'm not going to take any actions here until either trend line is decisively broken leading to a trend change. Looks good though, follow for more.
Call it cup and handleI’m unsure why they names LCX LCX I’m sure it on google somewhere, but they should have just named the coin cup and handle because it’s clearly multiple cup and handle patterns.
The last push was nearly 350% push. I believe we will see a major use coming soon.
In the 15min. We’ve seen 3 tests to the Tom the the downward trend line once that break LCX will fly $0.289 will be the breaking point more or less.
Good luck and have fun with it.