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ZM Zoom Video Communications Potential BreakoutIf you haven`t bought ZM at the end of the giant falling wedge: Now Zoom Video Communications (ZM) is currently showing a bullish pennant pattern, which is often a precursor to an upward breakout. With the stock approaching the $72 level, a breakout could lead to a swift move higher, given the strong technical setup. For speculative traders, buying the $72 strike price calls expiring this Friday at a $0.12 premium offers an appealing risk-reward ratio. If ZM breaks above the resistance, these calls could rapidly gain value.
NASDAQ:ZMLong
by TopgOptions
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t bought TSM before the major breakout: Now analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor Manufacturing Company prior to the earnings report this week, I would consider purchasing the 190usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $13.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:TSMShort
by TopgOptions
1
ETHUSDT : Bullish factors in playETH/USDT is currently trading around 2,604.19 USD, following a strong upward movement that encountered resistance near 2,654.79 USD. In the coming sessions, a pullback towards the support zone between 2,546.43 USD and 2,572.00 USD is highly possible. This area is reinforced by the 0.5 and 0.618 Fibonacci retracement levels, which typically serve as critical support in a continued uptrend. If the price retraces to this zone, it could provide a strategic buying opportunity. In the short term, I'm expecting some consolidation or a mild retracement before another potential breakout attempt above the 2,654.79 USD level. A successful break would likely push the price towards the next target of 2,725.00 USD, possibly reaching higher levels beyond that. However, a failure to maintain support at 2,546.43 USD could suggest a deeper correction. Until that happens, the bullish momentum appears intact, and the support zone could serve as a solid foundation for the next rally.
by Suyouu
GBP/USD: Downtrend ExtendedHello traders! Today, GBP/USD made an impressive reversal above 1.3000 on Monday, as the market turned cautious ahead of a slew of important economic data from the UK due for release this week. The wage and employment reports will kick off on Tuesday morning, followed by notable CPI and PPI figures on Wednesday. Technical analysis shows that GBP/USD remains stuck in a downtrend channel, with strong resistance at 1.3300 still intact. This suggests that the market is unlikely to make a significant breakout in the short term without fresh momentum.
Short
by ConanTradingFX
Waiting for a Buy Opportunity at SOL Support ZoneSOL/USDT is currently trading around 156.19 USD, and I’m keeping a close eye on its price action. After a solid bounce from the key support level at 151.46 USD, I expect it might consolidate for a while between the resistance at 159.52 USD and the support around 153.12 USD. If the price pulls back to the 151.46-153.12 USD zone, I see that as a strong buying opportunity, especially since it lines up with the 0.618 Fibonacci retracement level. This level often acts as a significant support in uptrends. In the short term, I’m anticipating some sideways movement before we get a potential breakout above 159.52 USD. If that happens, my target would be the next key level at 167.13 USD, which aligns with the 1.618 Fibonacci extension. While there’s always the possibility of a pullback, the way the price has been moving lately makes me believe that the buyers are still in control. I’ll be watching the support zone closely for any signs of further bullish action.
Long
by Suyouu
BTCUSD today.Analysis: Resistance: Bitcoin has tested the $66,000 resistance multiple times, as indicated by the red arrows, but has yet to break through it decisively. Support: There is a clear support zone around $61,000 – $62,000, which has acted as a base for previous price bounces. Trend: The ascending trendline suggests that the market sentiment is still bullish, as long as the price stays above this level. Trading Strategy: Buy on Dip: If BTC pulls back into the support zone around $61,000 – $62,000 and holds, this provides a buying opportunity. Target: The first target would be a retest of the $66,000 resistance. If it breaks, the next target could be $70,000. Stop Loss: Place a stop-loss just below the $60,000 mark to protect against a deeper pullback.
BITSTAMP:BTCUSD
by Suyouu
Gold price today continues to hover around $2650Dear Friends. Today, gold is trading around $2649 and is little changed from the same time yesterday. Accordingly, gold prices have fallen after hitting an intraday high of $2666 on Monday as China's stimulus measures failed to save financial markets and the greenback continued to rise. However, when looking closely at the 2-hour chart, the technical picture is quite similar after gold prices broke through the resistance of the downtrend channel, gold prices increased and consolidated their value. Technically, it can be seen that gold prices are reacting around the 34 EMA and the barrier held by active buyers has not been broken, which shows that the uptrend is not over yet. Due to these factors, in 's personal opinion, if gold can successfully overcome the nearest resistance level this week at 2660 - 2677, the opportunity to increase will be very large, possibly reaching the $2700 mark.
OANDA:XAUUSDLong
by ConanTradingFX
Bitcoin forms bullish pattern. Currently, BTC/USDT is forming an ascending triangle pattern on the daily chart, with key resistance around the $67,000 level and rising support near $63,000. This structure often signals a potential bullish breakout. Trading Strategy: Upside Potential: If BTC breaks above the $67,000 resistance level with strong volume, it could signal the start of a new upward trend. Traders may consider entering a long position once the price surpasses $67,000, with a target of $72,000 and potentially $75,000. Stop-Loss: Set a stop-loss just below $65,000 to manage downside risk in case of a false breakout. The ascending triangle pattern suggests that bullish momentum is building, and the market may soon witness a breakout in the coming days.
by Suyouu
SOLUSDT : How to trade ?The chart for SOL/USDT presents a bullish harmonic pattern (likely a Gartley or Butterfly), with the price currently sitting around $152.22 after a recent upward move. The "D" point, which forms the completion of the harmonic pattern, suggests that the price could be setting up for a potential reversal or continuation to the upside, targeting the key resistance level at $159.46. The green zone around $145.00 serves as a critical support level where buyers have previously stepped in. A breakout above the $159.46 resistance could signal a strong bullish continuation. However, if the price fails to break this level and reverses, it could retest the support zone. Traders should monitor this zone closely for any breakouts or reversals in the short term.
by Suyouu
NAS100 Will Go Lower! Short! Take a look at our analysis for NAS100. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 20,310.2. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 19,716.0 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
PEPPERSTONE:NAS100Short
by SignalProvider
1
USDCAD Will Move Lower! Sell! Here is our detailed technical review for USDCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.378. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.374 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBP/USD steadies above 1.3050Hello dear friends! As we predicted, GBP/USD fluctuated and fell sharply until 1.302 and completed the sell target as mentioned earlier. However, the price quickly reversed and stabilized around 1.306. The upside momentum of GBP/USD may be limited by the sustained strength of the US dollar, due to the geopolitical risks looming around the world and concerns about China's economy, keeping the pair within a familiar range. In conclusion, GBP/USD is still in a downtrend, but the selling pressure has gradually decreased and the possibility of a move to the upside is due to the convergence signs from the trend line and RSI indicator. The support level around 1.302 - 1.300 has not been broken yet and remains a bright spot for GBP/USD to recover.
Long
by ConanTradingFX
Update the latest ETHSDT today. The Ethereum (ETH/USDT) chart presented shows a descending channel pattern with clear lower highs and lower lows. The price is currently sitting around $2,544, but it recently tested the upper boundary of the channel near $2,660. The rejection at this level, coupled with the downward trajectory, suggests potential bearish momentum. The chart indicates that if Ethereum fails to break above this resistance, it could move lower toward the lower boundary of the channel, targeting a level near $2,200. The moving averages (likely EMA) further support the downward trend as they are sloping downward, suggesting that selling pressure may continue in the short term. Key levels to watch are the resistance at $2,660 and potential support near $2,270. A break below the current support could push Ethereum toward the lower end of the trend channel.
by Suyouu
EUR/USD: Ready for a recovery?Hello traders! Today, EUR/USD continued its downtrend for the fourth consecutive session, hovering around 1.0920 during Asian trading hours on Monday. The Euro faced downward pressure as the European Central Bank prepares for its monetary policy decision on Thursday. Looking at the technical chart, the pair remains in a downtrend, but selling pressure has gradually subsided and is likely to turn sideways as signs of convergence from the trendline and RSI indicators have emerged, and the strong support level of 1.0900 has not been broken and remains a bright spot for recovery. In case EUR/USD closes at 1.0950 on the 4-hour chart, it could accelerate its momentum further, potentially reaching 1.0995 and 1.1075. What about you? How do you feel about the future trend of EUR/USD? Share in the comments!
Long
by ConanTradingFX
Bitcoin Consolidates in Sideways Range. The chart illustrates a sideways movement, with Bitcoin’s price fluctuating within a range defined by the upper and lower bands of the Bollinger Bands. The support and resistance levels are clearly marked around $58,933.82 and $66,186.62, respectively. The price action is constrained between these limits, indicating a lack of momentum and a consolidation phase. The EMA 34 and 89 are showing weak activity, reflecting the indecisiveness in the market, with no clear signs of a breakout either upwards or downwards. Until the EMAs show a stronger trend signal, the market is likely to remain in this sideways range. In conclusion, the market is in a consolidation phase, and traders should wait for a breakout from the Bollinger Bands for a clearer direction.
by Suyouu
NZDUSD Is Going Down! Short! Here is our detailed technical review for NZDUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 0.610. Considering the today's price action, probabilities will be high to see a movement to 0.605. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2