NZDJPY Downturn Hinges on Key Support LevelsHello,
OANDA:NZDJPY has experienced a downturn, which is likely to continue. Buyers are now stepping in, anticipating that the strong support levels at 88.658 and 88.35 on the 1-hour and 4-hour charts will hold. If these support levels fail, further downside movement is expected.
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Pivot Points
356% ADA Profit🚀 ADA/USDT Price Analysis
The Cardano (ADA) chart shows strong bullish momentum, with prices climbing steadily. Here's a breakdown of key levels:
🔼 Resistance Zones to Watch:
$2.00 🛑: First major resistance. Breaking this could signal a rally.
$2.4758 🛑: A critical level for medium-term targets.
$3.1050 🛑: Long-term price target if the bullish trend holds.
🔽 Support Zones for Buying:
$0.7490 ✅: A solid support zone where buyers previously stepped in.
$0.6800 ✅: Highlighted as the "Best Zone for Buy Again" – ideal for re-entry during corrections.
📈 Upside Potential:
If the bullish trend continues, ADA has a 356% growth potential, aiming for $2.4159 and beyond!
💡 Takeaway:
The current trend favors bulls, but a pullback to support zones could provide better entry opportunities. Keep an eye on trading volumes and breakout confirmations at resistance levels!
EUR/JPY Eyes Key Lows Amid 1Y Pivot RetestHello,
FX:EURJPY pair recently faced rejection at the 160 level, as highlighted in the previous analysis. The price is now heading toward testing key lows from the past 3 months, 6 months, and 1 year, situated at 155.146, 154.405, and 153.146, respectively. It appears increasingly likely that the 1-year pivot point (PP) will be retested. Key support levels to monitor are 158.286 and 157.616. If these supports fail to hold, the pair may experience further downside momentum.
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Does $Now have further upside, or is it nearing a potential top?To project targets, I am using the following methods:
Cup and Handle Pattern
If we consider the price range of $709.02 - $338.24 as forming a cup and handle pattern, the price movement represents approximately a 52% increase.
Projecting this on the upside sets a target of around $1078.79, which was achieved last week.
A weekly close above $1122.44 will signal a potential next target at $1316.16, derived from the 2.61% Fibonacci extension applied to the range of $709.02 - $338.24.
Fibonacci Extensions
Using Fibonacci extensions on the same price range, the 2.61% target aligns with $1316.16 as the next significant resistance level.
Key Levels:
Support: The uptrend remains intact as long as $906 holds.
Downside Risk: If $906 is breached, the next downside target is $709.02.
MOH long term potentialMOH has corrected nicely after a huge run. This is a stock that a few legendary investors have added as of late. If you expect medicare/medicade expenses to increase by 7% on average, and more people to sign up over time, this stock will hugely benefit. I note a basing at the most recent fib level. The weekly stochastic is resetting and the BBWP is indifferent. I expect a retest of 370$ rather quickly. This stock will also perform well if we get recession fears or other macro negative news.
EURUSD sell at 1.059 target 100 pipsEURUSD sell opportunity for the coming week.
Trade is based on higher time trend lines and key levels of support and resistance.
Expecting initial rise to key resistance at 1.059 which is approx 20 pips before retracing back to support at 1.04975 which is our take profit level for 100 pips.
As always trade with good risk management , entry is based on test and rejection of key level.
CAKE Secondary trend. Potential for this alt season #2. 11 2024Logarithm.
The main trend, published more than 1.5 years ago.
CAKE Basic trend. Working with reversal zones. Money management . 6 08 2023
The level zones are identical as before and now, nothing can change.
The main trend now without “market noise” and the average price of this cycle distribution.
Secondary trend. The price has left the descending channel and has gone sideways. The price is drawing a large double bottom. The first local target is its resistance. Then a big pump. Exit the position before everyone else before the key resistance levels.
Local trend . There is an exit with accumulation by impulse +50%. Now the prices are near the minimum of the trend in comparison with the huge pumping potential.
AUDJPY Set to Decline, Sellers in ControlHello,
AUDJPY has experienced significant rejection and is likely to continue its decline, aiming to test the 1-year pivot point and support levels. Sellers are currently in control of the market.
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USDCAD Trend Shifts: Testing Key Support LevelsHello,
FX:USDCAD is likely to experience further downside as the trend gradually shifts from bullish to bearish. The 1M/1W support levels are expected to be tested once again. For this scenario to materialize, it’s crucial for the price to remain consistently below the 1W pivot point. If it stays comfortably above that level, we could see more upside movement.
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NZDUSD Eyes Upside as USD FaltersHello,
OANDA:NZDUSD has experienced significant upside and is now poised to rise toward the 1M PP. While the market still has a bearish undertone, it is likely to turn bullish soon. The price has established itself above the 1W/1D resistance levels, which is a promising indication. A key resistance to watch is at 0.601404. As highlighted in the previous analysis, the USD has weakened.
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AUDUSD: Bullish Break Above 0.65546 NeededHello,
OANDA:AUDUSD has experienced some upward movement, but it's still generally bearish at the moment. However, there is an expectation for more upside, potentially reaching the 1M PP. A cross and sustained move above 0.65546 is needed to confirm further upward momentum. Let’s go!
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USDCHF Nears 1Y Pivot, Resistance May Drive DeclineHello,
As highlighted in the previous analysis, FX:USDCHF has experienced a decline. Currently, we are observing a movement towards the 1-Year Pivot Point (PP). If this level acts as resistance, we could see further downside.
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GBP/USD: Bullish Momentum Towards Key Resistance LevelsHello,
FX:GBPUSD has reached a fresh 1-week high from the 6-month low of 1.24872. While the pair remains overall bearish, it has established itself above several resistance levels and pivot points. We anticipate further upside towards the 1-month pivot point initially. From there, the next move will depend on how the price reacts. Key resistance levels at 1.28499 and 1.29493 should not be overlooked as potential turning points.
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USDJPY Testing Key Levels: Potential for Downside MoveHello,
FX:USDJPY has faced a price rejection at the 1W Pivot Point, leading to a downside move as highlighted in the previous analysis. Currently, the pair is testing the 1M Pivot Point, which could act as resistance. If this level sees a rejection, the price may move toward 140.053, with 146.031 serving as a strong support zone. While buyers are stepping in aggressively at this stage, their actions may be premature given the current market conditions. A clearer decision can be made once the 1M Pivot Point has been thoroughly tested.
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EUR/USD: Bearish Trend Meets Bullish SignalHello,
FX:EURUSD pair presents an interesting scenario. While it remains bearish across all major timeframes, an initial signal for potential upside has been triggered at the 1W pivot point (PP). At this stage, the key focus is on a decisive breakout above the 1D/1W resistance levels to confirm a continued move upward toward the 1Y/1M pivot points. The likelihood of further upside is not just plausible but increasingly anticipated!
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XAGUSD Hits 1M Low, Bearish Pressure LoomsHello,
OANDA:XAGUSD has reached a fresh 1-month low at 29.64, with the 1-week pivot point acting as resistance—typically a signal of further downside potential. Despite this, the long-term trend remains bullish. A key indicator of sustained bearish momentum would be if the price stabilizes below 29.64. Additional resistance tests are likely, even though the market recently achieved a new 1-year high.
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XAUUSD: Upside Likely Unless 1D PP FailsHello,
OANDA:XAUUSD has found support at the 1D Pivot Point (PP) and is once again testing the 1W PP, which appears to be serving as a resistance level. The key question now is how much further downside might be anticipated. In short, further upside is likely unless the price breaks and stabilizes below the 1D PP. While market sentiment leans toward risk-off, any downside is expected to remain minor unless the 1D PP later becomes a resistance level.
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ETH x5 | FIBONACCI | 3.618 = (15K) | FIB LEVELS Long Term TargetI made an update on the coming ATH on Ethereum, and unfortunately it posted on the BTC chart. I specifically discussed WHY I see that the ATH for Ethereum is not yet in, and what we need to see in order to know that will happen.
Today's update is more specifically on targets for the near and long term, based on the Fibonacci trend form the previous cycle.
_________________________
BINANCE:ETHUSDT
IOTAUSDT Long Setup Setting / Am I going to let you lose?BINANCE:IOTAUSDT
CRYPTO:IOTAUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
0.2189 (Close it if you don't want to lose any)
0.2282
🔴SL:
0.2030
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Will Bitcoin Hit ATH Before Halving?I posted a Log Regression when #Bitcoin was 15k.
I publish now when it is 62k. So CRYPTOCAP:BTC has already done x4.
What now? Shall we break the ATH? Let's consider the pros and cons.
This is why yes:
➕Increasing global liquidity.
➕So far, positive flow from ETFs.
Here's why not:
➖Strong overbought
➖Previously, there was no ATH breakout before the halving. And immediately after, the "sell in May" season.
➖Strong sales began (in medium wallets), because many people consider ATH a good zone to sell the part.
💡Conclusion. If we do not break the ATH in the next 2 months, it will likely happen in the autumn. In the base case scenario, I only expect a test ATH unless ETF flows and liquidity increase significantly.