Grass price consolidates before the next impulseOne of the few successful listings in recent months was #GRASS
📊 OKX:GRASSUSDT.P price did not repeat the story of “colleagues in the shop” - other "tap" coins, which after distribution and listing fell like a stone into the downtrend, but grew more than 3 times in a few days.
What's next? Waiting for the consolidation to end, and:
🐳 Continued growth according to the blue scenario, at least to $2.60
💔 It's dangerous to hold a long below $1.40, as the fall will be in the $0.75-0.85 zone
Which scenario do you prefer?
Community ideas
NZDUSD -DXY will continue its upward trend?!The NZDUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe. In case of a downward correction, we can see the demand zone and buy within that zone with a suitable risk reward. Crossing the specified resistance range of this currency pair will provide the path for its ascent to higher price targets.
The Reserve Bank of New Zealand (RBNZ) has stated that geopolitical tensions are considered a risk to financial stability. Concerns about these tensions have recently grown, and the potential impacts of these risks cannot be ignored. The RBNZ has also pointed out that the economic policies of former U.S. President Donald Trump would lead to increased inflationary pressures. Hawksby, an RBNZ official, noted that central banks have the capacity to manage the global ramifications of these policies.
Orr, the head of the RBNZ, mentioned that the world may have reached a peak in global trade, and Trump’s return to the White House could pose additional challenges for central banks. Trump has discussed imposing global tariffs of 10-20%, higher tariffs with China, reductions in corporate and personal taxes, and the lifting of bureaucratic regulations.
George Saravelos, a senior analyst at Deutsche Bank, has identified two key points regarding this situation: caution in making fundamental market changes and the way Trump’s and the Republicans’ policies are priced in. Saravelos believes these changes are not solely political but are also linked to the structure of financial markets. He notes that high-risk global assets are tracking the upward trend in U.S. equities, which has resulted in high-risk commodity currencies performing better. However, he stresses that this trend should not be easily projected into the future, and potential shifts in correlations should not be overlooked.
According to him, the U.S. election results are historic and could lead to structural changes in the markets, potentially breaking previous correlations. This implies that the U.S. market could continue to grow, while other global markets may experience negative performance. Saravelos also observes that markets are currently evaluating a relatively balanced set of policies, which differ from the election promises, particularly regarding budget deficits and tariffs. He believes that if Trump’s plans are implemented, there is a possibility of further increases in the valuation of the dollar and other financial instruments.
GBPAUD: Support in Focus – Will Support Hold or Lead to a Drop?GBPAUD is currently at 1.9630, and there's an important support level at 1.9587. We have two possible scenarios to watch for:
If the price holds above 1.9587: This could be a sign that the price will move higher. If it stays above the support, we could see it rise to around 1.9693.
If the price breaks below 1.9587: If it goes below the support level, then we might see the price drop further, possibly down to the trendline support, which is between 1.9520 and 1.9500.
So, watch how the price reacts around 1.9587. If it holds, we might see a move up to 1.9693. But if it breaks, the price could drop towards 1.9520 and 1.9500.
GBPUSD 1.29661 -0.13% MULTI TF INTRADAY SET-UPHELLO TRADERS
Hope everyone is doing great
📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for GU to close bullish.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* DXY 4H
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
USDCHFin 5min time frame i see a reversal at this support region. i think a tp-1 could be hit from this point
Gold price drops - stabilizes by the end of 2024XAU / USD trend forecast November 7, 2024
Gold dropped to a three-week low below $2,700 per ounce on Wednesday following the 2024 US Presidential election, with former President Donald Trump’s win strengthening the US Dollar and Treasury yields. XAU/USD saw a decline of over 2.5%, trading around $2,667 at the latest.
Market uncertainty has eased, as Trump’s victory was more decisive than anticipated. Additionally, the Republican party secured majorities in both the Senate and the House of Representatives, completing a “red sweep.”
Gold price dropped sharply to 2644, strong downtrend. Still in the upcoming downtrend, ending the price increase cycle of previous months.
/// SELL XAU : zone 2682-2685
SL: 2690
TP: 50 - 150 - 300 pips (2655)
Safe and profitable trading
BearishBearish attacking true Consolidation.
balanced pice level hit and closed in on 1 HR. waiting for price to displace lower creating a CHOC
#btcusd #BTC #elliottwave short sell setup 8Nov24 Wave AThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DOTUSDTmy entry on this trade idea is taken from a point of interest BELOW an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
Top Bitcoin Buying Opportunity – Prepare for Surge to $95,000!📉 Bitcoin Analysis and Wedge Pattern
Bitcoin is nearing the end of a wedge pattern and the completion of wave 5 in the 1-hour timeframe. After this formation, a 3-wave correction is expected, bringing the price to a support zone around $72,750. This level holds significant technical importance and will likely attract buyers’ attention.
🔄 Buying Opportunity Post-Correction
The $72,750 range presents an excellent buying opportunity, as selling pressure is expected to ease, creating room for demand to increase and a potential price reversal.
🚀 Attractive Price Targets
Following this correction, Bitcoin could rise toward the attractive targets of $80,000 and $95,000. If buyer support holds strong, these levels could become key milestones in a potential medium-term uptrend.
💡 Risk Management
Due to market volatility, traders are advised to proceed with risk management and carefully crafted strategies to navigate these price movements effectively.
GBPUSD 180 Pip ShortStill playing off the 4h bearish trend that GBPUSD is in.
We have traded the pullback all of the way back up and are now once again approaching the 4h supply zone.
I am looking for a reversal in market structure on the lower time frames to confirm the continuation of the bearish trend on the higher time frames.
As this is a continuation trade expecting the higher time frames to kick in and continue the bearish trend the target is a new lower low on the 4h chart.
Make sure that you boost this trade idea and follow. Over 300 pips of movements called so far this week!!!
GBP/USD Possible continuation Wait for a mini change of structure on the lower time frame before going long...
Apply proper risk management
Vix bounce of daily support and gap fill?With stocks trading at all time highs and people buying out of election fomo, vix has seen significant drop. Maybe its gonna bounce and go for the gap fill above? Lets see
AUD_JPY BULLISH BREAKOUT|LONG|
✅AUD_JPY is trading in an
Uptrend and we are seeing a
Confirmed breakout of the key
Horizontal level of 101.600
Which is now a support and
We will be expecting a
Further move up
LONG🚀
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FTM - Target $ 2,25 - Double bottom break outFTM looks great on the weekly timeframe. It can increase up to $ 2,25 as first important target on the weekly timeframe.
GOLD FORECASTIn this analysis we are focusing on daily time frame for BTCUSD.
Of course, this is with two predictions and the entry points are specified
Is Trump’s Presidency a Bigger Win for DeFi than Bitcoin? Were decentralized finance (DeFi) assets like Ethereum underestimated leading up to the election?
Ethereum is now outpacing Bitcoin following Donald Trump’s 2024 U.S. presidential win, with Ether (ETH) gaining 4% in the past 24 hours (and 14.1% in the past 5 days). Bitcoin on the other hand is down 0.4% in the past 24 hours)
Analysts suggest that the Republican administration’s expected support for DeFi will play a pivotal role in Ethereum’s growth.
Trump has signaled interest in policies that could nurture blockchain technology, encouraging legislative reform to promote DeFi innovation in the U.S.
Bitcoin may hold its status as a store of wealth (and even a potential alternative reserve for the US treasury), but Ethereum’s recent performance suggests it’s increasingly well-positioned to benefit from the changing policy environment.
Dogecoin - Get In Now Before It Hits $10!Dogecoin ( CRYPTO:DOGEUSD ) is about to repeat another bullish cycle:
Click chart above to see the detailed analysis👆🏻
Dogecoin just broke out of the previous bear market triangle pattern and is starting its next major bullrun. Looking at market structure, price action and previous cycles, Dogecoin could even hit two digits after is manages to break above the all time high. You know what's possible.
Levels to watch: $0.1, $0.2, $0.5, $10
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Inverse Head and ShoulderBig Inverse head and shoulder pattern (or cup and handle) on bitcoin. Looks like it wants to breakout of the neckline.
SasanSeifi| Is Filecoin Ready for a Bullish Rebound?Hey there, ✌In the daily timeframe, as you can see, Filecoin ( BINANCE:FILUSDT ) has been in a downtrend for a while, falling from the $10 range. After this decline, the price found support around the $3 range, showing positive reactions and some volatility. Currently, the descending trend line, which had multiple touches, has been broken, and the price is now trading around $3.90.
Considering the $3 demand zone holding and the breakout of the long-term downtrend, there seems to be potential for some minor upward moves in the future.
🔹 One scenario to watch is that if the price breaks through the $4 level with strong momentum and stabilizes above it, we could see growth towards the $4.20 target and the supply zone around $4.50.
🔶 If the price rises, it will be important to monitor how it reacts to these levels to better understand the future trend. After a potential negative reaction and minor correction, the price could push up again and reach as high as the $5.50 to $6 range.
🚨Key support levels to watch are $3.50 and $3.20. Holding above these levels is crucial for maintaining the bullish outlook. ❗❗
⭕(The chart is logarithmic.)
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
GBPJPY-TREND REVERSALGBPJPY isreversing its trend as it has made a reversal pattren of double top with a bearish divergence at the projection level of AB=CD pattren,take entry on the breaking od its LL.
USDT chart
The chart shows strong resistance around the
83,624 level, which has historically acted as a barrier.
Stochastic Oscillator, Currently, it is moving upwards but hasn't yet reached the overbought zone, which suggests there might still be room for further upward movement before a reversal.
The RSI is in a bullish position but hasn’t reached extreme overbought levels. This supports a bit more upward movement potential.
The MACD is in a bullish crossover and momentum is positive, indicating continued upward trend strength.
Given these indicators, a reasonable take-profit level could be set around $83,500 - $85,000. This range captures the resistance while allowing some buffer above the $83,624 level, where some profit-taking might occur if momentum continues.
