Pivot Points
GBP/CAD - over sold time to buy!Hi guys we are taking a look today in GBP/CAD - It reacehed extremely low and oversold levels on the RSI at 1H and 4H time frames, as we have seen a consistent dropped that happened.
Currently I am expecting a correction into the consolidation area to 1.76
Enry: 1.74750
Target: 1.7550
Target 2: 1.76430
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
BTCUSDT: Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames.
A strong move requires a correction to major support and we have to wait for their reaction in these areas.
If the BTC chart does not react to close levels 102000, this analysis will be invalid.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
There could be a title here. Very long and very tedious. That's what you can say about this chart.
But I like the fact that this week opened with a major signal that hasn't
been seen in a very long time.
The Kijun-sen line has crossed the tenkan sen from top to bottom and
the Kijun line is looking down.
The rise 2 years ago in January 2023 started from the opposite formation.
This is a weekly chart and things are moving slowly.
What else I've noticed about dominance behaviour. Purely subjective.
A 1-2 per cent drop down doesn't always give a visible revival to alts,
while a 1 per cent increase can take away a lot of health from them.
USDT.D and ETH.D probably play a role here.
ARKUSDT Trendline Betrayal Bearish Plunge !Trendline Break
The chart shows a clear upward trendline that has been broken. This break indicates a potential shift in market sentiment from bullish to bearish.
Retest Confirmation
After breaking the trendline, the price retraced upward, testing the previous trendline as resistance (red zone). This is a classic confirmation for a short setup.
Entry and Risk Zone
Entry :The short position is initiated just below the retest of the trendline, around the price of 0.5510.
Stop-Loss : Placed slightly above the retest zone, around 0.5897, to minimize risk if the price reclaims the trendline.
Target Zone
The blue area indicates the take-profit target, with a potential level around 0.3908. This level might have been chosen based on prior support or Fibonacci retracement levels.
Risk-to-Reward
The setup has a favorable risk-to-reward ratio, with the stop-loss relatively close to the entry and a much larger distance to the target.
Market Context
The sharp drop in price following the trendline break signals strong bearish momentum. Ensure that this move aligns with higher timeframes and broader market sentiment for confirmation.
Key Considerations
Watch for any sudden buying pressure or market reversal signs that could invalidate the setup.
Volume analysis can provide additional confirmation for the strength of the trendline break and the retest rejection.
Stay disciplined with stop-loss placement to manage risk effectively.
Book profits with usual profit locking rule of 10% by moving SL to BE for safe ride
XRP - 1D Elliott Wave AnalysisGreetings, this is my update for the daily Elliott Wave count for XRP.
We broke out of the Elliott Wave Triangle that was communicated in the last posts.
We assume that the green Wave 4 has finished with this Elliott Wave Triangle and we started the green Wave 5 which could be the last rally of this bull market.
Today we want to discuss first upsides targets for this green Wave 5.
The first targets we have are the 1 to 1 FIB ratio at 3.7898 USD, the 1.236 FIB at 4.3088 USD, the 1.382 FIB at 4.6649 USD and the 1.618 FIB at 5.3037 USD.
We did add an additional higher timeframe target at the 1 to 1 FIB which sits at 5.5736 USD.
Noteworthy is that this additional target at the 1 to 1 FIB at 5.5736 USD is relatively close to the 1.618 FIB at 5.3037 USD. We also added the ATH which sits at 3.5505 USD which could function as short term resistance.
After we get more clarity in the short term we can calculate further targets to the upside.
Additionally we wouldn't be surprised if we get extensions and hit higher targets at 5$+ but we'll see how it develops and take it step by step.
Thanks for reading.
NO FINANCIAL ADVICE.
GOLD - Weekly Forecast - Technical Analysis & Trading Ideas!Midterm forecast:
While the price is below the resistance 2789.95, beginning of downtrend is expected.
We make sure when the support at 2475.27 breaks.
If the resistance at 2789.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 2582.95 on 12/19/2024, so more gains to resistance(s) 2726.10 and maximum to Major Resistance (2789.95) is expected.
Take Profits:
2657.88
2601.87
2532.10
2475.27
2380.00
2279.87
2219.63
2145.04
2087.89
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 BOOST button,
. . . . . . . . . . . Drop some feedback below in the comment!
🙏 Your Support is appreciated!
Let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
The Great Trump Pump Continues We successfully hit the ExoFade predicted target. Now a new peak has formed and the new peak is the new predicted target of $86
Its a mix of Fear and Excitement.. We all know what happens when anything goes up too fast in record time, a dump is always around the corner. So i can't stress enough how cautious we need to be extremely careful and practice smart risk management, especially since we haven't seen any serious pullback yet.
Until then we'll continue trading each cycle. Take profit when price reaches each peak or at least take some profit. After securing profit re-enter when price pulls back and re-claims the ExoFade line. There are some other indicators that help me with the re-entry that i cannot mention in this post due to house rules, so you can use whatever pull-back re-entry strategy you currently use or reach out to me if you want access. As for the ExoFade, just search for exofade in the tradingview indicators library so you can follow me as i am executing these trades.
The Great Trump PumpThe Exofade indicator is predicting a price target of 52.47 for $TRUMP on m15 chart. This is one of the ways i use the ExoFade, is for setting price targets . After a rally in one direction, you get a curve or peak, whatever you like to call it. This signifies the end of that rally, when can be temporary in the case where it turns out to be a pullback Or permanent in the case where it becomes a trend reversal. After the pullback or reversal the peaks formed by the ExoFade acts like a price magnet whenever price resumes that trend. The prediction ability is based on Volume & Linear Regression calculations.
Even though it's super obvious the $trump coin is ridiculously overvalued at the current price. Meme degens don't care about stats or technicals . This a emotionally driven niche in the crypto market when absolutely can and will happen.
Also keep in mind the technical accuracy of this analysis is can be skewed because this is a brand new launch and just had its first 24hrs so there is almost non existent historic price data for indicators to give best results..So this is just for fun to see if we do hit the price target set by the ExoFade
ETH to 4k this weekTrumps media company just bought 20 million in Eth. His memecoin is raging which caused a Sol pump, and ETH has been lagging the market. I expect a major Ethereum rally here, this was all planned. Note a bottomed stochastic RSI, a cooled off BBWP. The weekly chart has a lot of room to run. This last candle created a higher high and low.
My plan:
I entered now with a 10k position. I look to 3900$ in short notice.
PT 1 = 3500
PT 2 = 3900
The Missing LINK: Bulls Search for ContinuationKey Levels and Observations
The $20 level was crucial for potential wave 4 support. While this area was swept, it wasn’t decisively broken, leaving both bullish and bearish scenarios in play. Now, all focus shifts to the retracement as bulls look for internal structure and continuation, while bearish signals hint at further downside.
1️⃣ The Sweep at Support
The yellow zone ($19–$20) absorbed significant liquidity after a sweep below, signaling strong demand. However, the price's inability to decisively move higher leaves uncertainty.
2️⃣ Resistance at $23–$24
Price action is currently stalling near a key resistance zone. Bulls need to reclaim this area for continuation; otherwise, it risks a bearish reversal that could deepen the move down.
3️⃣ Bearish Pattern in Play
The actionary wave, followed by what could be a sideways flat correction, points to a potential bearish scenario. If this pattern holds, we could see a deeper move below the sweep pivot and $20 support.
Next Steps for Traders
📉 Bearish Outlook:
A decisive break below the $20 level could trigger an impulsive move downward. This could lead to a sharper decline, possibly extending beyond a Zigzag structure. Traders should watch for increasing momentum as confirmation.
📈 Bullish Outlook:
If the pivot low holds or price forms a corrective structure into an area of confluence, this may indicate the market wants to move higher. A reclaim of $23–$24 resistance would be an early sign of bullish continuation.
Final Thoughts
The retracement is the key battleground right now. For bulls to gain control, the price must stay internal to the sharp move up following the sweep and confirm continuation. However, bearish signals linger, and caution is essential. Patience and flexibility remain your best tools in navigating this complex setup.
Key Levels for the Week 01.2025(20-24 ∷Gold∷🔳Key Levels Overview for the Week🔲 01.2025(20-24-∷)🐍
Dynamic Resistance🔀
2765
2750
2720
Dynamic Supports🔀
2690
2675
2666
Mid Pivot (🐻bull&bear🐂 zone ch trend)
2759
2715
range of supply and demand
2732
2702
Range Band 🐇
2746
2709
2671
Order of lines:
1. 🌸 Shocking Pink, 🍇 Dark Orchid
2. 🟢 Green, 🔴 Red, 🟡 Yellow
3. ⬜ White, ⬛ Black
4. ❤️ Falu Red, 🌿 Crusoe, 🔷 Smalt
Update on Sol swingUnfortunately right after my large entry the market got crushed by a jobs report. This is a benefit of not using leverage, although this trade is on margin, my interest rate is low, and its spot only in an account that has buying power. Since this is a weekly chart we have to evaluate weekly candles, the daily got fairly bearish.
This is also why you need a plan before you enter trades. My plan was to add if we see 190, so I am doing so. My target zone is the green circle, or around 350$ the last day of March. Note a bottoming stochastic RSI and a cooled off BBWP.