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Bitcoin: Strong Bullish Momentum AheadBTCUSDT technical analysis update Currently, Bitcoin has been trading within a range for the past 200 days. From March 2023 to October 2023, the price fluctuated between GETTEX:25K and $32K for 224 days before breaking the range and bouncing over 130%. Now, we are observing a similar pattern, with Bitcoin trading inside a rectangle since February, between $53K and $73K. The price is approaching a potential breakout, which could occur within a month. Once the breakout happens, we may see a strong bullish move. Regards hexa
Long
by HexaTrades
Dow Jones Index (US30): What to Expect from FOMC? Dow Jones Index is very weak ahead of FOMC today. The market is stuck within a horizontal range on a 4h time frame. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 41820 - the resistance of the range, we can expect a bullish continuation at least to 42000 level. Bearish Scenario A bearish breakout and a candle close below 41440 will push the price lower at least to 41200 level. Wait for FOMC and then follow the market after a breakout. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Short
by VasilyTrader
1
AUDUSD - Technical Analysis [Long Setup]🔹 AUDUSD Analysis on 1HR chart - The current Trend is BULLISH - there is no divergences - Symmetrical triangle is form 🔹 Trade Plan - Entry Level = 0.67295 - Stop Loss = 0.67058 - TP1 = 0.67546 - TP2 = 0.67791 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
2
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently consolidating within a horizontal range on a daily. I am waiting for a breakout of a one of the boundaries of the range to confirm the future direction of the market. I think that the price may keep coiling before the FED rate decision on Wednesday. 2️⃣ EURNZD daily time frame 🇪🇺🇳🇿 Similarly to USDCAD, EURNZD is also in a deep consolidation. The pair trades in sideways for many days, perfectly respecting the same horizontal resistance and support. Our trigger and the signal will be its breakout. 3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦 We see a violation of a significant daily horizontal resistance and a formation of a new year's high. It indicates a clear strength of the buyers and a highly probable further bullish continuation. I will look for a retest of a broken structure to buy from there. 4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭 I see a confirmed breakout of a resistance line of a falling parallel channel. With a high probability, the price will go up after its retest. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
BNB Ready to Rally to the Next Target Price ?1. Ascending Channel : BNB seems to be trading within an upward-sloping channel marked by two yellow dashed lines, indicating a long-term bullish trend. The price has bounced off the lower boundary of this channel several times in the past, confirming its significance as support. 2. Resistance Break : The horizontal line around the $400-$500 zone acted as a major resistance, but recent price action shows that BNB has broken through this level, confirming a bullish breakout. 3. Price Targets : Based on the chart’s projection and the continuation within the upward channel, the next price movement seems to suggest BNB could reach higher levels over the coming months. The projected price movement, represented by the white line, shows a zigzagging upward trend toward the upper boundary of the channel, which could take the price towards $1,500 or more in the longer term (possibly within 2025). BNB is currently in a bullish breakout phase and could continue its uptrend toward the upper boundary of the channel, with a medium-term target around $900-$1,500 depending on market conditions. However, do keep in mind that cryptocurrency markets can be volatile, and external factors (such as market sentiment, regulatory news, and macroeconomic conditions) can influence price movements. #DisclaimerON
Long
by YogaID
3
MAG - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
TSX:MAGLong
by TheArtOfCharting
Gold on the edge: is a record high around the corner?Gold prices have settled into a rectangle pattern, a favorite of mine due to its simplicity and high probability of a successful breakout. Over the past 25 days, the price has been consolidating within this range, which strengthens the likelihood of a significant move once the breakout occurs. A breach of the 2,530 level, particularly if the US inflation data tomorrow comes in lower than expected, could propel the price by 57 dollars per ounce, reaching 2,586, a new all-time high. On the other hand, if the price breaks below 2,447, it could fall by the same amount, potentially dropping to 2,410. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSD
by ThinkMarkets