BTC POSSIBLE BUYThe market is currently testing the current Weekly Support area. Based on Daily TF, there is a hammer candle close. On the 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
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MOVR/USDT Technical Analysis: Potential Bearish Continuation
Based on the analysis of this chart, the most likely trend appears to be bearish in the short-to-medium term. The chart displays several indicators that point to a weakening of upward momentum and the potential for further downside.
Bearish Evidence:
Failed Breakout and Lower High:
The price attempted to break above $20 but failed to sustain the move, forming a lower high. This is a classic bearish signal indicating reduced buying pressure.
MACD Momentum Weakening:
The MACD is in a bearish crossover, with the signal line below the MACD line, and the histogram is trending negative. This suggests growing selling momentum.
RSI Deterioration:
The RSI has dropped below 50, indicating weakening bullish momentum and a shift toward bearish sentiment.
Bollinger Bands Contraction:
The Bollinger Bands are narrowing, signaling a period of lower volatility. The price is hovering around the middle band, leaning toward a downside breakout.
Trendline and Support Breakdown Risk:
The price is trading below the key support zone near $17.30, which was previously acting as a base. A close below this level could accelerate bearish momentum.
Key Levels to Watch:
Immediate Resistance:
$17.30: This former support now acts as immediate resistance. A failure to reclaim this level will keep the bearish trend intact.
Immediate Support:
$16.00: A psychological support level and a key area of recent consolidation.
$14.50: The next critical support level, aligning with previous price congestion zones.
Major Support:
$12.00: A significant area where buyers previously stepped in.
Trading Strategy:
Bearish Scenario:
Short Entry: Below $16.90 after a confirmed close below this level.
Take Profit:
First Target: $16.00
Second Target: $14.50
Final Target: $12.00
Stop Loss: Above $17.50 to minimize risk if the price reclaims resistance.
Risk Management Considerations:
Given the narrowing Bollinger Bands, a sudden spike in volatility is possible. Traders should use tight stop losses.
Monitor volume; a significant increase on a breakdown below support levels will confirm bearish momentum.
Conclusion:
The current price action suggests that MOVR/USDT is leaning bearish, with key indicators signaling further downside. A close below $16.90 will likely open the door to retesting lower support levels. However, a reclaim of $17.30 could negate the bearish outlook and shift the market back toward neutrality.
PRODIGAL SOLANA?Today, on this idea, I'm not going to disclose my position on the header. Nevertheless, I'm still overall bearish on the contract . I have marked out a bearish order block in the 4H timeframe, currently the block of orders is being mitigated, and I've marked out the 50% level of the order candle of which I expect price to respect before a possible trend continuation . I'm not placing orders yet, I'll look to seek entry levels at my intermediate timeframe and my lower timeframe (an advice). So back to the question, are we going to see a prodigal BYBIT:SOLUSDT.P ? IMO Hell naw! (Surprised on my precised answer? Lol), Psychologically speaking; festive periods are bad periods for long trades (I will tutorial on that). Now that we know its most unlikely that Solana will go back to papa anytime for now, when should we expect this bloody race to end; SOON! This will lead to the AltSeason , Long investors should not be worried, and this is a good period for accumulation of these alternative coins and tokens ahead of what's big.
The cashout level? That's where my swing liquidity lie (and if market dumps more, we should see a bloody $175 - $166 been broken, the latter is a wild expectation).
Remember to DYOR.
LEAVE A FOLLOW!
GLAXO - PSX - Technical AnalysisGLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define a prominent HL for the next leg of AB=CD pattern. Even retracement up to 50% can not be ruled out.
My Trade Values
Buy-1: 333
Buy-2: 310
TP-1: 455
TP-2: 531
SL: 287
In case price goes up from here taking support from the parallel channel then it will go up to hit TP-1 and then retrace to make at HL and then next leg of AB=CD pattern will begin whose Target should be TP-3.
Bitcoin is gathering a lot of liquidity.Given the general expectations for the growth of the price of Bitcoin and cryptocurrencies, my prediction is for the rapid growth of the price of Bitcoin and a sudden break of the resistance areas up to 102 thousand.
Of course, if it is unable to raise the required liquidity in these areas, it is likely that the decline to lower areas will continue until late December.
If you are trading long-term and have been lagging the market so far, the current area is suitable for a step entry in most cryptocurrencies, you can take a buy step.
Please keep in mind that this is a personal analysis and opinion. Your trading risk is solely your own.
#FLUX/USDT#FLUX
The price is moving in a descending channel on the 4-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.5500
Entry price 0.5771
First target 0.6482
Second target 0.7194
Third target 0.8000
VARAUSD /USDX Negative Correlation - VARA Still RangeboundFear continues to trap price action within this sideways accumulation range. Sunday evening after the markets reopen USDX will prove either a very bearish pullback when traders sober up from the Fed announcement. Over the past few months, the Federal reserve has lowered rates a few times, each time causing the US dollar to rally against other currencies and pressing risk assets in the crypto market downward. With Bitcoin being one of the only ones to be able to break free from this negative correlation. This pattern is going to cease very soon. This I believe is because the Federal reserve is abusing its power in an attempt to increase inflation before President Trump takes office in January. It isn't going to work just as increasing the rates didn't have much of an effect on the economy. Investors are always fearful whenever the Federal reserve is as active as they are now, especially with the transition of power in the United States occurring next month.
#GLMR/USDT#GLMR
The price is moving in a descending channel on the 4-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.2150
Entry price 0.2314
First target 0.2532
Second target 0.2859
Third target 0.3224
RCL - crusing up the channel?CAPITALCOM:RCL has been on a steady upwards move on the daily since October of last year, keeping within a pretty narrow channel. No huge deviations up or down, just easing up. During the market turmoil recently, we saw a fake break of channel to the downside, which was quickly corrected back into the safety of the channel. Price is also respecting the 50 EMA, with some recent deviations due to the recent market reactions. MACD is turning up as a result and is on its way to green territory. RSI has crossed the signal line, these are the two indicators I most often follow. On the fundamentals the company slightly beat expectations on its latest release. JP Morgan said recently that cruises are now 20% cheaper than land-based alternatives (vs. 10-15% cheaper in 2019), and they predict a shift in favor of cruising. And, they just this week labeled CAPITALCOM:RCL "best in class" among cruise lines. In terms of analyst ratings (I usually focus on technicals), according to Stockanalysis.com 16 of 18 analysts has a Buy or Strong Buy recommendation on the stock (Strong Buy: 10, Buy: 6, Hold: 2). Expect CAPITALCOM:RCL to move up towards the channel roof, setting target 1 around $173 as this is ATH. Seeing as there is no resistance above this, if it breaks it might move even higher.
SOL/BTC likely drags down the entire crypto market- almost a year long consolidation that has broken to the downside
- with SOL/USD losing range highs (comments) it is very likely Solana has much further to fall and could take the entire crypto market with it
- Bitcoin target sub 90k, Solana to fall below 150$
Gold entered into a bearish structure after breaking channelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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VITE - a risky tradeAmong many other assets I've noticed VITE as it is in a very interesting position. Look at the trading volume during the past couple of months, either it is some sort of wash trading or a sign of accumulation.
Also it is squeezed by the giant triangle so it will exit from it with a large impulse (theoretically)
Anyways currently VITE is almost at the historical bottom so theoretically the only next stop below the current point is delisting. But I think a small percentage of the portfolio can be placed on that bet. If VITE falls below 0.01 - the trade is disposed of and we should exit by stop loss.
I will get into this trade and see how it turns out.
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now.
In my opinion, the price is still in wave “2” of low order, but in a three-wave correction.
This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary.
As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
ETH Pump to 7300$Share
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🚀 Ethereum (ETH) Price Prediction Alert 📊 | Key Levels & Scenarios for 2025! 🌐
Analysis & Signal
The ETH/USD chart shows critical levels of interest as Ethereum gears up for potential moves:
1️⃣ Current Resistance:
🔺 At $4,718, Ethereum faces a major resistance zone. Breaking above this level could signal bullish momentum. Traders should monitor closely for volume confirmation. 📈
2️⃣ Support Zones:
🟢 First key support: $4,035
🟢 Deeper support: $3,159
If prices retrace to these levels, strong buy opportunities may emerge. 📉
3️⃣ Bullish Scenario:
🌟 A breakout above $4,718 could pave the way to a target of $7,382, signaling significant upward momentum into mid-2025. 🚀
4️⃣ Bearish Scenario:
🔻 Failure to hold $3,159 support may see ETH retest deeper levels around $2,946, requiring caution for leveraged positions. ⚠️
Trading Signal:
Buy on dip at $3,159-$3,200 zone with a target of $4,710.
Take profit zones at $4,718 and $7,382.
Use a tight stop-loss below $2,940 to manage risk.
💡 Pro Tip: Watch market sentiment and news catalysts for ETH's next big move!
Continuation of the Trend Bullish Divergence on the annual time frame indicating a continuation of the annual trend targeting $300.
Oversold stochastic showing that bears are loosing control and bulls are entering the market gaining the opportunity to earn some sweet dividend pay outs.
RSI indicating Market exhaustion the the downside is over and a bull run is beginning and will continue for the weeks and months ahead.
Enter: $206
SL: $180
Target 1:$250
Target 2: $300