Testing Purple Resistance Zone 🚨 CRYPTOCAP:XRP Testing Purple Resistance Zone 🚨
CRYPTOCAP:XRP is currently testing a significant purple resistance zone. A breakout above this level could signal a bullish move, with the first target at the green line level. Keep an eye on the price action for confirmation.
📈 Technical Overview:
Resistance Zone: Purple area currently being tested.
🎯 Breakout Target: Green line level upon confirmation.
Patterns
Gambling Is Not Trading : A Quick Reminder to THINKI've been getting quite a few messages from followers and many are positive. I seems my videos are helping many of you learn better skills and helping you find profits from these bigger price swings.
But it also seems some of you are really gambling for the bigger gains with 0DTE options and taking excessive risks (IMO).
I want to urge all of you to THINK and to try to learn to adopt a more fluid style of trading.
The markets will quickly humble many of you gamblers. They have a way of taking everything you have when you let your guard down.
Start Small.
Build Your Skills.
Learn How To Check Yourself When You Get Into That Gambling Mode.
Remember, The Market Can Take EVERYTHING (And MORE).
The trick to trading is to learn to GROW your account without gambling. It is like being a Sniper.
You have to learn when to take your shot and you also have to learn when to be patient and wait.
One of the best pieces of advice I've heard came from a friend (who trades options). He stated.
Start Small
Book Winners Quickly
Book Anything over 20-25%
-- Then Plan For The next Attack.
Think about it.
He's been trading for more than 20 years and has learned many of the pitfalls over that time. And, he is the one guy that I've seen generate 100-200%+ a week (consistently) over the past 2+ years.
If you want to survive as a trader, you have to start thinking like a trader (not a GAMBLER).
I hope this video helps.
Get some.
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cup with handle pattern on the 1-hour time frameWelcome to today's analysis! Let’s break down the current price action on NASDAQ:NVDA and potential trade setups.
🌐 Overview: NASDAQ:NVDA Forming a Cup with Handle Pattern
📈 NASDAQ:NVDA is currently forming a cup with handle pattern on the 1-hour time frame. This pattern is typically bullish and could indicate a potential upward move.
🔄 Current Scenario:
NASDAQ:NVDA has formed a cup shape and is now developing the handle. The handle is a consolidation phase before a potential breakout.
The key level to watch is the resistance at the top of the handle. A breakout above this level could signal a bullish continuation.
🔑 Key Levels to Watch
🔴 Resistance: Top of the Handle (Needs breakout for continuation)
🟢 Target: Measured move equal to the depth of the cup, projected from the breakout point.
🛠️ Trade Scenarios
📌 Bullish Scenario (Breakout Above Resistance)
If NASDAQ:NVDA breaks and holds above the handle resistance, it could move toward the target level.
This breakout would confirm the cup with handle pattern and suggest a potential upward trend.
📌 Bearish Scenario (Failure to Breakout)
If NASDAQ:NVDA fails to break out and instead moves lower, it could retest the support levels within the cup or handle.
A failure to hold above key support levels could indicate a potential reversal or further consolidation.
📌 Conclusion
NASDAQ:NVDA is forming a cup with handle pattern on the 1-hour time frame. A breakout above the handle resistance could signal a bullish move toward the target level. If the price fails to break out, further consolidation or a retest of support levels may be necessary.
USD/JPY - What to expect as price consolidates above support?Introduction
The USD/JPY pair has been in a clear daily downtrend, marked by a bearish market structure and strong downside momentum. Sellers remain firmly in control, consistently driving prices lower as the pair respects the prevailing trend. Each failed recovery attempt only reinforces the bearish structure, suggesting that the path of least resistance continues to be to the downside.
FVG
Following the most recent drop, the pair is now consolidating just above a key support level. A short-term relief bounce toward the 4-hour Fair Value Gap (FVG) wouldn't be unexpected. This particular FVG, formed during the last leg down, remains unfilled — and such gaps are often revisited before the trend resumes.
Confluences
Notably, this FVG aligns with the Golden Pocket Fibonacci retracement zone (0.618–0.65), adding further confluence and making it a potentially strong resistance area. If price does retrace into this zone, it could face significant selling pressure and resume its move back toward the daily support zone.
Conclusion
While a bounce from daily support is possible, I expect USD/JPY to encounter resistance at the 4H FVG level. This could cap any recovery attempts and signal a continuation of the broader bearish trend.
Thanks for your support.
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Learn These Patterns And You'll Never Regret ItEVERYTHING ON THE TRIANGLE PATTERN
a triangle chart pattern involves price moving into a tighter and tighter range (like a consolidation phase which has a triangle-like shape) as time goes by and provides a visual display of a battle between bulls and bears.
The triangle pattern is generally categorised as a “continuation pattern”, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared.
note: the triangle pattern depends on the trend however don't hold on to that thought since fake-outs are possible. the point i am trying to make is that you should not be obsessed with which direction the price goes, but you should be ready for movement in either direction.
there are three triangle patterns:
a) the ascending (upward slope consisting of higher-lows and a consistent resistance),
b) descending (downward slope consisting of lower-highs and a consistent support)
c) symmetrical (equal slopes the market is forming lower-highs and higher-lows)..
the triangle is different from a wedge. however, a wedge can be in a triangle or better put the general formation of a wedge is a triangle-like shape (in some cases).
point to note:
• you need at least two points (bullish or bearish) to connect for a triangle to be considered, and a consistent support or resistance.
• the volatility of price of any instrument decreases when there's a triangle pattern and increases on breakout of the pattern.
• measuring the size of the triangle can serve as a good profit target (will explain in meeting)
• keep an open mind at all times.
📝..
OptionsMastery: This is the "h" DayTrading Pattern.This is the "h" pattern. A highly successful daytrading pattern!
🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
USD/JPY - Bearish breakdown signals further downside potential!The USD/JPY pair has been experiencing a clear daily downtrend, characterized by a bearish market structure and strong downward momentum. Sellers have remained in control, pushing prices lower as the pair continues to respect the prevailing bearish trend. With each failed attempt at recovery, the market structure reinforces the dominance of sellers, signaling that the path of least resistance remains to the downside.
Despite this overall downtrend, the 4-hour timeframe recently exhibited a rising channel, where price action formed higher highs and higher lows, suggesting a temporary bullish retracement within the larger bearish structure. However, this channel has now been broken, signaling a potential shift back toward the primary trend. A break of this nature often suggests that the bullish correction has exhausted its strength, and sellers are regaining control to push the price lower once again.
Following the breakdown of this rising channel, the price has failed to reclaim previous highs, instead forming a lower high—a strong indication that bearish pressure is resuming. Given this development, there is a significant possibility that USD/JPY could retrace toward key technical levels, such as the Golden Pocket (between the 0.618 and 0.65 Fibonacci retracement levels) or even the 4-hour Fair Value Gap (FVG) around 145.00.
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BTC Weekly Chart Update📉 CRYPTOCAP:BTC Weekly Chart Update
It looks like a double top pattern is clearly forming on the BTC weekly chart — and honestly, doesn't it remind you of a similar structure we’ve seen before? 👀
Patterns like these often signal potential trend reversals, so this is definitely a chart to watch closely.
Do you see the similarity with the previous one? Let me know your thoughts in the comments 👇
🔴 Bearish scenario could continue unless we break above key resistance.