ICICI UPTREND PATTERN Chart shows reversal in RSI and shows good strength in price. Good upmove may be possible from here.
CMP :1244
Target : 1350 +
StopLoss : 1205
RRR = 1:3
Parallel Channel
GOLD - Price can turn around and start to fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price declined to support line and then at once bounced and started to grow near this line.
In a short time, price rose to $2625 level, broke it, and later made a retest, after which bounced up to $2665 level.
Price some time traded near this level and even broke it, but soon turned around and broke it with support line.
Then Gold continued to decline inside falling channel, where it firstly declined to support line and then bounced up.
After this, price reached $2665 level, but at once made correction and then backed up, after which fell again.
Now it rising, so, I think Gold can enter to resistance area and then bounce down to $2625 support level.
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HelenP. I Gold can fall to trend line and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price rose to support 2, which coincided with the support zone, and then made a correction movement. After this, price started to rise inside the upward channel, where it soon reached support 2, some time traded in the support zone and broke this level. Next, the price rose to the resistance line of the channel, after which made a movement down to support 2 and then tried to grow back. But Gold failed and declined to the trend line again, which is the support line of the channel also. Then the price little grew near this line and then rebounded up to support 1, which coincided with one more support zone. Soon, XAU broke this level too, and even later exited from the channel. Gold some time traded and a not long time ago dropped to the support zone, where it continues to trades to this day. In my opinion, XAUUSD will fall to the trend line one more time and then rebound up. That's why I set my goal at 2680 points. If you like my analytics you may support me with your like/comment ❤️
GBPJPY: Bullish Movement Ahead of FOMC 🇬🇧🇯🇵
GBPJPY has a perfect potential to continue growing before the FOMC minutes today.
The price started to consolidate after a test of a rising trend on a 4H
and violated its neckline then.
The price will most likely heading towards 195.1 level now.
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AUDUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈AUDUSD has been overall bullish, trading inside the rising channel in green.
Moreover, it is approaching a massive demand zone in blue.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower green trendline acting as a non-horizontal support.
📚 As per my trading style:
As #AUDUSD is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD → The realization phase isn't over. Emphasis on 1.095 ↓FX:EURUSD breaks the uptrend and prepares to continue falling due to the change of fundamental background, the reasons for which were strong economic data in the US. The price is in the realization phase...
The weekly timeframe clearly shows the forming sideways range (consolidation). The market failed to break the resistance of the channel, although a lot of effort was put on it (5 attempts on W1).
At the moment the currency pair is testing last week's low, it is also worth noting the fact of weekly candle closing - almost at the low. This is a rather good and promising sign for the continuation of the downward movement. Emphasis on the support at 1.095. Breakdown and consolidation of the price below this area will strengthen the decline to the intermediate bottom...
Support levels: 1.095, 1.0892
Resistance levels: 1.100, 1.1011, 1.1047
A pre-breakout consolidation is forming relative to support. Emphasis on the breakdown of the level and further decline to the zones of interest. As an unpredictable scenario we can have in mind a pullback to 1.100 and further decline...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
POTENTIAL SETUP ( TASI : 2010 )As the market currently trading in a Parallel channel. The price was reacting well the support and resistance of channel and a market currently formed a bullish morning star candle on daily TF with a mature bullish divergence. If the market successfully sustain this buying confluence the next leg up could go for new HH.
USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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TONUSDT → Bulls dressing up as bears... ↓BINANCE:TONUSDT can't get out of the downtrend, facing a rather strong seller (or lack of buyers, amid fundamental problems). The coin is setting itself up for a further decline....
The trend change started to show back in July, with strong momentum being generated amid strong outflows due to the market crash following bitcoin manipulation. In Agusta, the coin faced another problem - Pavel Durov's court case, which had an extremely negative impact on the system.
At the moment, buyers are turning around and have no fundamental and technical strength against the bear. The price is forming a pre-breakdown base relative to the key support at 5.16. A break of this area will open the way to 4.5.
Resistance levels: 5.38, 5.44
Support levels: 5.16, 4.7, 4.5
Buyers are trying to hold 5.16, but the pressure of bears, increasing on the background of bitcoin correction, is increasing, the sellers' strength is growing, which provokes the first to leave the game, close or turn around. In the short term, I expect a breakdown of support and decline
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;)
Regards R. Linda!
NVDA: The Next Inflection Point! (D&W charts)Since our last study on NVDA, the price has successfully held above its critical support points, and we now see a good recovery.
The “Above the Stomach” pattern that we identified last month has been triggered, and NVDA is now looking for its next resistance levels.
The link to our previous analysis is below this post, as usual.
Daily Chart (Left):
Higher Highs and Higher Lows: The price is forming a series of higher highs and higher lows, which is a classic bullish trend pattern. This suggests strong upward momentum, with buyers stepping in at each retracement.
Resistance Level at $131.26: The next key resistance level is $131.26. This price point coincides with a previous peak and also aligns with a broader resistance zone observed on both timeframes (D and W charts). If the bullish momentum continues, the price could retest $131.26, and even if it materializes a pullback to the 21-day EMA wouldn't ruin the bullish sentiment.
Weekly Chart (Right):
Above the Stomach Pattern: The weekly chart shows a recent bullish reversal pattern known as "Above the Stomach." This pattern, which we deascribed in our previous analysis, suggests a potential shift from bearish to bullish sentiment.
Pivot Point at $131.26: The $131.26 area has been highlighted as a pivot point on the weekly timeframe, representing a key decision zone. A successful breakout and close above this level would likely trigger a more significant rally.
Ascending Channel: NVDA is trading within an ascending channel, maintaining its bullish trajectory. The lower boundary of the channel has acted as reliable support, suggesting that the long-term trend remains intact as long as the channel is respected.
Conclusion:
NVDA is showing strong bullish signs, supported by the formation of higher highs and lows on the daily chart and the validation of a bullish reversal pattern on the weekly chart. The main level to watch is $131.26, as a breakout above this point could accelerate the rally. For those seeking a longer-term perspective, maintaining the trend within the ascending channel is crucial. If $131.26 is broken, the next potential target could be the ATH.
Will Intel finally start to rise from here?Linear regression with standard deviations 1.5 + 2.5 - have we reached the low point from which Intel starts to rise?
Bitcoin is going upHistory does not repeat itself, but it turns out that quite a few assets in the capital market have a tendency to typical behavior patterns.
10Y bonds seeking support from April-July channelFrom April to July the 10 year Treasury yield was in a downward channel. It broke below that, retested the resistance-now-support for bonds, and kept moving until it recently re-entered.
The fundamentals for long bonds still seem strong, with the cutting cycle starting with an abrupt 50bp cut, but bonds seem to be seeking support. If yields break above this channel, then we may be seeing something unexpected sniffed out by the bond market. If we retest and continue the downtrend in yields, then expect a nice downtrend back to the post-2008 norm.
$RIOT * WEEKLY TF EWP FIB TC ANALYSIS Let’s break down the potential Elliott Wave scenarios that may unfold, along with alternative possibilities. I’ll review the key details of the chart I provided:
Primary Scenario: Completion of Corrective Wave
Wave Count:
• It appears that RIOT has completed a large corrective (A)-(B)-(C) wave.
• The (A) wave bottomed around early 2020, and the (B) wave rallied to an extreme high around mid-2021.
• The ongoing (C) wave has been pushing lower and is now potentially near completion, suggesting that the bottom could be forming soon.
Key Fibonacci Levels:
• The price is close to the 0.618 Fibonacci retracement level, which typically acts as a major reversal zone in corrective waves.
• There’s also a Fibonacci cluster indicating confluence between the 0.618 and 0.786 retracement zones around $6-$7. This increases the likelihood of a reversal if the price holds at this level.
Confirmation of Trend Reversal:
• For this scenario to play out, we would expect a five-wave impulsive structure upward to begin. This would be Wave 1 of a new bullish cycle. The key confirmation would come if RIOT breaks above the downward channel resistance with strong volume and follows through with higher highs and higher lows.
Alternative Scenario: Extended Correction (Complex Correction)
Possibility of an (X) Wave or Further Downside:
• In some cases, after an (A)-(B)-(C) correction, a complex structure could unfold, resulting in an (X) wave and then another corrective pattern (Y).
• This would imply that RIOT could consolidate further or possibly make another low before finally reversing. The chart does suggest this possibility due to the large downward channel still being intact.
Deeper Fibonacci Levels:
• If the price fails to hold around the current levels, the next key Fibonacci level around the 0.786 retracement (around $3.25-$4.00) could be targeted. This might be the level where the final capitulation occurs before a reversal.
Wave Count Indicators:
• Wave 1 Upward: If the bottom is in, we could see the start of a wave 1 upwards, which should follow an impulsive five-wave structure. This would be a strong indicator that the correction has ended.
• RSI: A bullish divergence on the RSI, where the price makes lower lows but the RSI makes higher lows, would be a strong confirmation of a reversal. Keep an eye on this divergence in shorter time frames (e.g., weekly or daily charts).
• Break of Downward Channel: Watch for a break of the upper boundary of the downward channel. This break should be accompanied by a surge in volume and a higher low formation, marking the shift in trend.
Conclusion:
The primary wave count suggests the potential for a bottom forming, particularly around the current support zones near $6-$7. However, in the alternative scenario, a more complex correction could push the price lower to retest the next Fibonacci level, possibly in the $3.25-$4.00 range. Confirmation of a new bullish wave will require a strong impulsive move upward, breaking the channel and solidifying the new trend.
Reliance on Bearish mode - Forming Cypher/SharkReliance has moved below 20 / 50 / 100 EMA & closed below support of 2904.
With the confirmation of Bearish Cypher/Shark pattern, it is expected to follow 2865 / 2800 / 2730.
$BTC Ascending Channel - ATH Push Soon?Happy Sunday All,
On a few different time frames we can see that a bullish ascending channel has been forming for BTC-- I suspect that if this weekend closes strong, we can see a retest of $64,000 USD for BTC sometime early next week! $66-68k is the real test, I've marked the top line of the now-6-month consolidation period with the 'bulls on parade' note. If we can get above *and sustain momentum above* that line, you are going to need to buckle in!
The unemployment numbers came in shockingly low, as the US Jobs expectation was 108k higher than projected. This just might be enough wind in the sails to carry all markets higher. Higher Lows have been formed and currently the RSI levels are healthy, I'm getting bullish folks!
What do you think? Bull trap? $250k next? Drop a comment
Euro can rise a little and then continue to decline nextHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to range, where at once fell to the current resistance level and then rebounded up. EUR rose to the top part of the range and then turned around and dropped to the resistance area, thereby exiting from the range. After this, the price started to grow inside the upward channel, making a fake breakout of the 1.1030 level. Inside the channel, the price rose to the 1.1175 level, after which rebounded and fell to the support line of the channel, and then it backed up. EUR even rose higher than the seller zone, reached the resistance line of the channel, and then made a correction movement, breaking the 1.1175 level again. After this, the price in a short time rose to the seller zone and then made an impulse down, thereby breaking the 1.1175 level, and exited from the upward channel. Also soon, Euro broke the 1.1030 level and now it is trying to grow. For this case, I think that the price can grow to the resistance area and then continue to decline more. That's why I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
Bitcoin can make small correction and then continue to growHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some time ago entered to upward channel, where it soon reached the resistance level, which coincided with the seller zone, but at once bounced and made a correction to the support line of the channel. Next, the price continued to move up and finally broke the 64900 level, and later reached the channel's resistance line again. But then BTC turned around and started to decline, so, soon, the price broke the resistance level one more time and exited from the upward channel. After this, the price continued to fall inside the downward pennant, where it first fell to the support level, which coincided with the buyer zone. When BTC fell to this level, it at once broke it, some time traded near the buyer zone, and then declined to support line of the pennant. Next, it turned around and rose higher than the 61200 level in a short time, breaking it again, and soon reaching the resistance line of the pennant. A not long time ago, BTC exited from pennant and now it continues to grow. For this case, I think that the price can make a small movement down and then continue to grow to the resistance level. That's why I set my TP at the 64900 level. Please share this idea with your friends and click Boost 🚀
Gold in search of the prestigious areaBy examining gold in the 4-hour chart, I realized that gold does not have the potential to grow with the previous strength, although the news of tensions in Asia caused its emotional movements, now we have a strong ceiling of 2666 above and a floor of 2632 below, probably gold likes the number 2710 It is touching, but it has to compensate for the liquidity gap of 2606. I predict an upward trend for the first day of the week and a downward trend for this week. Be profitable. #NDS #XAUUSDT #gold
Ethereum's Path to $4,200: Rising Channel Signals Big MovesHello, fellow traders! I'm excited to share my latest insights on Ethereum. Let's dive into the long-term trends and what they might mean for us in the upcoming months.
Current Market Structure
Ethereum's price is developing within a long-term rising channel, showcasing a series of higher lows and higher highs since 2022. This pattern indicates a sustained bullish momentum.
Key Support Level: $2,000
This level is crucial. Holding above $2,000 suggests Ethereum may continue to rise within the channel.
A breakdown below could signal a potential shift in the trend.
Potential Price Movements
Upside Potential:
If Ethereum remains in the rising channel, there's a strong chance we could see a move up to the previous all-time high (ATH) around $4,200.
Breaking above $4,200 might pave the way for new ATHs.
Resistance and Reversal Risks:
The previous ATH at $4,200 could act as a significant resistance point.
There's a possibility of a pullback from this level, potentially leading to a "stop-loss hunt" scenario that might drag prices down to the $3,400–$3,200 area.
My Outlook
I'm anticipating movement within the rising channel towards $4,200 in the coming months. At this key level, caution is essential. Considering taking profits or adjusting positions could be a wise strategy.
What do you think about Ethereum's current setup? Are you observing similar patterns or have a different perspective? I'd love to hear your thoughts!
If you found this analysis helpful, please give it a like and follow for more crypto insights. Best of luck to all the hodlers and traders out there!
BTC $45k CountIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
$45k count.
52.7k break would make this a bit more acceptable.
Trade Safe,
Trade Clarity.
#btc #btcusd #elliottwave long buy setup 6oct24This 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.
Alikze »» FTM | Wave 5 correction - 1H🔍 Technical analysis: Wave 5 correction - 1H
- According to the analysis presented in the previous post , in the weekly time frame, the first target has been the neckline, which was the supply area.
- Currently, in the 1H time frame, after breaking the zone, a correction pattern is being formed.
- Wave 4 correction in the range of the green box has formed a continuing downward pattern.
- This corrective wave is in the form of wave 4 in an ascending channel, which by breaking it to the specified areas, this corrective cycle can be extended.
Therefore, this wave can meet the demand after touching the specified areas and form an upward corrective cycle, which should be reviewed and updated.
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BINANCE:FTMUSDT
