Get started

Community ideas

EURO - Price can decline to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price started to trades in flat, where at once fell to resistance level, which is located in resistance area. Then price started to grow and rose to top part of flat, making a first gap, after which started to decline. In a short time, Euro fell below $1.0770 level, breaking it and exiting from flat and continuing to fall in triangle. In this pattern, price fell to support level, after which made a second gap and rose to resistance line. Then EUR turned around and in a short time declined to support area, after which rose back, making a fake breakout. Now I think that Euro can fall to support area and then bounce up to $1.0570, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
BTC Trend Reversal in Bullish, Asalam.o.alaikum (Hi) Community, Hope you are fine and doing all of your great, so yesterday i published the Bitcoin's reversal area's chart according to 30mins time frame and we've got the best move and 100% accuracy along with brokage commission. So, now we having this chart according to market momentum, our first reversal (minor) will be happened at 50% (Mentioned in the chart) and second and major is at the 100% (Mentioned in the chart). After that we have new structure, let see what happened in the market today. Don't forget to leave your reply about will it continue the reversal or go future bearish? Exited to know what's your thinking.... Cheers, Thanks! Intikhab Gillani MOCHH Analyst (Ultra Securities & Hedge Funds PvT Limited Pakistan) 23/12/2024
COINBASE:BTCUSDLong
by IntikhabGillaniACCA
$BTC Flipping Resistance to Support?! Based on the provided image and the context from the web results, here's a layered analysis: 🔍 Analyzing the #BTCUSD Weekly Chart at All-Time Resistance! We're currently witnessing Bitcoin testing an all-time resistance trendline, which is a significant milestone in its price history. Here's a detailed look: 1️⃣ Initial Growth: From late 2017 to early 2019, Bitcoin saw a significant rise, peaking at around $20,000 before correcting. 2️⃣ Bear Market: Post-2019, Bitcoin endured a prolonged bear market, hitting lows around $3,000. 3️⃣ Recovery Phase: The recovery began in 2020, with Bitcoin breaking through previous resistance levels. 4️⃣ Bull Run: The 2021 bull run pushed Bitcoin to new heights, surpassing $60,000. 5️⃣ Current Trends: Bitcoin has now reached an all-time resistance trendline, and according to Elliott Wave Theory, we still have the second half of the 3rd wave to complete. This suggests potential for further bullish movement. Possibly flipping the trendline from resistance to support. The chart also features: 🟣 Ascending trend lines showing the overall bullish trend. 🔴 Purple lines indicating potential resistance points. 🟢 Green lines highlighting support levels. Given Bitcoin's position at this critical resistance trendline, the question arises: Will this now flip resistance to support and begin the new age of Bitcoin? According to Elliott Wave Theory, if Bitcoin successfully breaks and sustains above this resistance, it could indeed flip it into support, signaling the start of a new bullish phase. This would align with the completion of the 3rd wave, which is often the strongest in the sequence, indicating a powerful continuation of the trend. However, this is contingent on several factors including market sentiment, regulatory news, and broader economic conditions. While the technical indicators are promising, the real-world impact of these factors cannot be underestimated. What do you think about Bitcoin's potential to break this resistance and enter a new era? Share your thoughts below! 🚀💹 Please note that this analysis is based on the provided chart and general knowledge from related web results. For specific predictions, always consider multiple sources and do your own research.
COINBASE:BTCUSDLong
by globulltrader
HBAR/USDT Long-Term Bullish Potential with Parallel Channel BreaDescription: This analysis focuses on the HBAR/USDT weekly chart, highlighting a long-term bullish scenario supported by a breakout of a parallel channel and strong upward momentum. Key Observations: 1. Parallel Channel Breakout: • The chart shows HBAR trading within a parallel channel for an extended period, with resistance and support lines defining its price range. • A breakout above the upper trendline indicates the potential for a sustained bullish trend. 2. Key Levels: • Support Zone: Around 0.2557, where the price is currently consolidating after the breakout. This level acts as a potential re-entry or confirmation zone for further upside. • Resistance Zone: Around 0.2796, the nearest level to test. A break above this could lead to a significant rally. 3. Target Price Projection: • Using the breakout from the parallel channel, the target price is projected around 3.34457 USDT, aligning with long-term resistance levels. 4. Volume and Momentum: • Volume spikes indicate strong buying interest, supporting the bullish breakout scenario. 5. Market Sentiment: • The breakout and current consolidation suggest bullish continuation if the support zone holds and the price breaks above 0.2796. Conclusion: HBAR shows strong potential for a long-term rally, with a projected target around 3.34457 USDT. Traders should watch for confirmation of the breakout and monitor the 0.2557 support zone. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research and manage your risk appropriately. Let me know your thoughts or questions in the comments! 🚀
Long
by jobotinvest9999
PNUT ANALYSIS (4H)It seems that the correction for PNUT has started from the point where we placed the red arrow on the chart. This correction appears to be a complex pattern, such as a diametric or symmetrical formation. Wave C is expected to complete within the green zone, after which the price will likely enter Wave D. We are looking for buy/long positions within the green zone. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
VET/USDT Potential Bottom Structure Formation ( Low Timeframe )Based on the information available, the VeChain (VET) market is currently showing mixed signals with both potential for consolidation and upward movement. VET might undergo a period of consolidation before any significant price movement. This is supported by the view that the cryptocurrency is currently testing support zones without showing strong buy pressure, which could lead to a sideways movement or minor corrections before any breakout. This could be indicative of the market's uncertainty or waiting for further confirmation before making substantial moves. Conversely, there are indications that if VET manages to break through certain resistance levels, a significant upward trend could follow. The breakout from a symmetrical triangle pattern on the monthly timeframe, as mentioned, could signal a shift in momentum, aiming for targets like $0.10 to $0.16. This suggests that once the consolidation phase resolves, VET could experience a parabolic rise due to pent-up demand and market dynamics shifting towards bullish sentiment.
by ValBytes
BTC/USDT: Rising Channel Pattern | Critical Support TestBINANCE:BTC/USDT - 4H TIMEFRAME 🎯 CURRENT ANALYSIS: ━━━━━━━━━━━━━━━━ ✦ CURRENT PRICE: $95,921.70 (-1.21%) ✦ CHANNEL SUPPORT: ~$92,500 ✦ CHANNEL RESISTANCE: ~$114,000 ✦ KEY TIMEFRAME: 4H TECHNICAL STRUCTURE: ━━━━━━━━━━━━━━━━ 1. CHANNEL FORMATION: • Price trading within ascending channel • Strong support at lower channel boundary • Upper boundary showing resistance 2. PRICE ACTION FORECAST: • Potential volatility increase ahead • Projected movement (white line): - Initial bounce to $105,000 - Further rise to $114,000 - Possible reversal back to support 3. CRITICAL LEVELS: • Major Support: $92,500-$95,000 • Key Resistance: $107,000-$108,000 • Channel Top: ~$116,000 TRADING IMPLICATIONS: ━━━━━━━━━━━━━━━━ SHORT-TERM OUTLOOK: • Channel boundaries providing clear trading ranges • Current price testing support zone • Volatility expected to increase RISK FACTORS: • Break below channel support (~$92,000) • Increased selling pressure at resistance • Market sentiment shifts KEY OBSERVATIONS: ━━━━━━━━━━━━━━━━ • Price currently testing critical support • Channel structure remains intact • Projected movement suggests volatility ahead • Trading volume will be crucial for confirmation RISK DISCLOSURE: ━━━━━━━━━━━━━━━━ This technical analysis is for educational purposes only. Always manage risk appropriately and never trade more than you can afford to lose. #Bitcoin #BTC #TechnicalAnalysis #CryptoTrading #TradingView Tags: @TradingView
Long
by Supachai-Taechapisit
$XRP updateCRYPTOCAP:XRP doesn't seem to care too much about $Bitcoin. If it is a repeat of the previous structure then I expect as the green line is drawn that we will make the run. I am still a bit skeptical with MARKETSCOM:BITCOIN as I still see a possibility that it will go down a lot. I will upload another drawing about this. For now, if we manage to maintain volume, I will follow this pattern and this is target 1. As soon as more later I will also upload the next target to take profits. Have a nice Sunday for now! Be kind to the world and each other!
BINANCE:XRPUSDLong
by RidgerR
BTCUSDT: Broken Uptrend - Support Turns ResistanceBitcoin (BTCUSDT) has broken a key daily uptrend line, leading to a significant price drop and a subsequent retest of the broken trendline as resistance. This analysis examines the implications of this price action. Technical Analysis: Trendline Break : A well-defined uptrend line on the daily chart has been broken. This break signals a potential shift in market sentiment from bullish to bearish. Trendlines act as dynamic support levels during uptrends. When broken, they often become resistance. Support Turns Resistance : Following the break, BTC dropped to approximately $92,330 before bouncing back up. This bounce retested the broken trendline, which now acted as resistance around $99,550. The fact that the price was rejected at this level confirms the strength of this newly formed resistance. This phenomenon of support turning into resistance is a common occurrence in technical analysis. Current Price Action : BTC is currently trading around $95,000. The failure to reclaim the broken trendline suggests continued bearish pressure. Trading Considerations: Potential Downside : If the current bearish momentum continues, further downside is possible. Traders should watch for potential support levels below the current price. Invalidation : A break back above the $99,550 level (the broken trendline/resistance) would invalidate the current bearish scenario and suggest a possible resumption of the uptrend. Risk Management : As always, it's crucial to use appropriate risk management techniques, such as stop-loss orders, to protect capital. Remember : Do your own research before entering any trade. This analysis provides insights based on the provided information, not financial advice. Trading involves risk, and you could lose money.
Short
by OMGiTzREALHASSAN
Bearish drop?USD/JPY is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which aligns with the 38.2% Fibonacci retracement. Pivot: 157.85 1st Support: 154.75 1st Resistance: 161.80 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.
Short
by ICmarkets
Gold: Examining Upcoming Targets and Supply Zones As anticipated in the previous analysis, gold experienced a decline. However, it appears another corrective wave, effectively wave C, may still be ahead. Before the next drop, a slight upward movement in gold prices is not unlikely, allowing sellers to re-enter the market. On the 4-hour time frame, supply zones have been identified. Gold may rise to around $2,660, or alternatively, to $2,680 before resuming its decline. The $2,560 demand zone is the first key support and a potential bearish target for gold.
TVC:GOLDShort
by UtoForex
Critical Levels in S&P 500 Index this weekNavigating the S&P 500: What to Watch This Christmas Week If you look at the S&P 500's technical chart, you'll notice something intriguing: Friday's rebound wasn't just any rebound — it came with a surge in volume. The Index is flirting with its 50-day Moving Average, a key indicator with investors on edge. As long as macroeconomic data doesn’t throw any curveballs, there's a promising outlook for a festive rally in the stock market this Christmas week. My eyes are on the 6,000 mark for the SPX as a pivotal point. If the momentum continues, we might even see it touch 6,100, which could be the ceiling for this bullish run.
SP:SPX
by IrinaTK
1