DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
Setup
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the specified key level and if it cannot break this level and this level plays the role of a support level, we expect the price to grow up to around 1.08400. Good luck.
XVSUSDT 60% Surge Anticipation🔅XVSUSDT exhibits strong uptrend signals. In November, a breakout from the triangle pattern, coupled with a rebound from the demand area, marked the initial phases of an uptrend. Subsequently, a robust breakout above the ascending channel showcased sustained buying pressure.
🔅Despite a significant pullback, XVS found support at the 61.8% Fibonacci retracement level, potentially indicating the conclusion of the correctional phase. The continuation of an uptrend is likely if the current support holds, aiming for a new higher high.
🔅The key resistance at the $10 psychological level, confirmed by a double Fibonacci level, is the next target. A successful reach would translate to a 60% price surge for XVSUSDT. Investors should monitor the support level for trend confirmation and potential entry points.
EURUSD : Long Trade , 4hHello traders, we want to check the EURUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level. If the price cannot break this level and stabilize above this level, we expect the upward trend to be maintained and the price to grow to around 1.10500. Good luck.
NZDCHF : Long Trade , 1hHello traders, we want to check the NZDCHF chart. The price is moving in an ascending channel and has pulled back to the indicated key level. We expect this level to play the role of a support level and maintain the upward trend of the price and the price will grow to around 0.54700. Good luck.
NZDJPY to continue in the upward move?NZDJPY - 24h expiry
There is no clear indication that the upward move is coming to an end.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 90.75 will confirm the bullish momentum.
The measured move target is 91.50.
We look to Buy at 90.50 (stop at 90.18)
Our profit targets will be 91.30 and 91.50
Resistance: 91.00 / 91.40 / 91.50
Support: 90.50 / 90.25 / 90.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX500 to find support at previous resistance?US500 - 24h expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
An overnight positive theme in Equities has led to a higher open this morning.
Previous resistance located at 4610.
Dips continue to attract buyers.
Previous resistance at 4560 now becomes support.
We look to Buy at 4560 (stop at 4540)
Our profit targets will be 4610 and 4625
Resistance: 4600 / 4610 / 4650
Support: 4560 / 4537 / 4504
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short Term Bearish Before Going Bullish...?On this 4 hour, this market has maintained its bullishness, printing higher highs and higher lows from over a week now. Prices are currently in a Bullish PB that is forming a high at the moment. Because the market never moves in a straight line, the market is expected to experience some bearish retracement back into our PB, from where it would be expected to experience some reversal before the continuation of the up move.
We have refined our PB to a rather smaller zone. It is expected that prices will come right into our zone, and begin to reverse from there. When that happens, prices will be expected to resume the bullish push and go all the way to the 4 hour liquidity target above.
Some Bullishness ExpectedToday, we will be looking at this pair from the 4 hour perspective. On this timeframe, we have seen the market continue to make higher highs and higher lows over the past 2 weeks. This up trend is expected tocontinue for a little longer.
From our analysis, the market is current making 4 PBs to the top side. We expect to see some retracement at this level to bring prices into our PB, and possibly into our refined zone, from where we will be looking to see prices reverse bullish and go all the way to the our daily liquidity target at the top.
It is expected that prices will continue to move bullish until it gets to our weekly zone above.
FLOKIUSDT Strategy for a 60% Upside🔅FLOKIUSDT, akin to several coins we've previously analyzed, has demonstrated an bullish pattern by finding support within an area that previously served as a supply zone. Throughout the entire month of November, the 3000 demand zone, which coincides with a psychologically significant support area, has witnessed multiple instances of respect within the price action. This consistent behavior underscores the dominance of bullish sentiment prevailing in the crypto market market in general and FLOKI in particular.
🔅The repeated respect for this support zone strongly indicates the likelihood of continued bullish momentum, highly favoring an uptrend continuation. Should this scenario materialize, a potential price surge of over 60% is conceivable, targeting a double Fibonacci resistance level near 5300.
🔅We've meticulously shared the full trade setup, inclusive of stop-loss (SL) and take-profit (TP) levels, in our dedicated channel. This comprehensive analysis aims to provide traders with valuable insights into chart dynamics, trading psychology, and potential profitable opportunities within the FLOKIUSDT price action.
BNBUSDT Bulls in Control🔅BNBUSDT's price movements have revealed a compelling shift in two supply levels transitioning into key demand zones. Initially observed at $220, the resistance-to-support transformation is evident, indicating a robust shift in market dynamics. The subsequent level at $238 echoes a similar narrative, reaffirming the trend of supply turning into demand. Over the past three days, this support level has garnered consistent respect, aligning harmoniously with the ascending trendline. This collective pattern underscores the prevailing dominance of buyers, significantly bolstering the probability of an ongoing uptrend scenario.
🔅The continuous adherence to the present support levels fortifies our anticipation of a potential 15% surge in Binance Coin. Our prognosis derives strength from the identification of a formidable double Fibonacci resistance positioned at $270, which serves as a significant barrier to price movement.
🔅As long as the current support levels maintain their integrity, the outlook remains bullish, setting the stage for a probable upward movement with a calculated target of $270, signaling a 15% upward trajectory for BNBUSDT.
Bulls at the Helm: ADA (Cardano) Defense of Key Demand Zone⚪ Cardano (ADA) has exhibited the resilience of bulls defending the critical $0.23 demand zone, which notably acted as a safety net on multiple occasions, particularly in August and October.
⚪ The recent surge in ADA's price levels, culminating in a new higher high, serves as a promising indicator of a potential bullish trajectory. While the increase might not be as hight as other altcoins, we anticipate a 50% surge in the weeks to come, albeit preceded by a minor correction.
⚪ The expected pullback should find support near the widely recognized 61.8% Fibonacci retracement level, providing an enticing risk-reward entry point. Our detailed trade setup will be shared in our channel shortly. Keep a close watch for updates.
LEVERUSDT Bullish Outlook with 40% Profit Potential🔅LEVERUSDT has established a critical support near $0.0013, exhibiting consistent respect for this zone since October 23. This specific price range now functions as a pivotal demand area, presenting a compelling risk/reward scenario for potential buyers.
🔅Our trade setup has already been shared in our channel, highlighting our intent to leverage this opportunity. Maintaining respect for this current support level significantly heightens the likelihood of a substantial uptrend.
🔅Anticipations are aligned towards LEVERUSDT surging towards the $0.0018 resistance mark, aligning with the 227.2% Fibonacci resistance level. Achieving this target could yield a substantial 40% profit, marking it as an attractive opportunity for traders. In essence, this analysis presents itself as one of the more promising buying prospects in the current market landscape.
EUR/USD: Two long scenarios with a target of 1.09!The EUR/USD currency pair recently reached a high of 1.0896, the highest level since late August, before experiencing a slight pullback below 1.0850. Despite softer-than-expected US economic data and lower Treasury yields, the pair remains above its moving averages on the daily chart. The short-term technical outlook suggests a potential upward movement, with indicators on the 4-hour chart showing signs of recovery. The US Dollar has modestly recovered after a recent decline, as investors anticipate the Federal Reserve's reluctance to further raise rates and the possibility of a new rate-cut cycle. Financial markets turned optimistic, leading to a decline in the safe-haven US Dollar and pushing EUR/USD closer to 1.0900. It's noted that other US economic data indicates a relatively stronger local economy, which could potentially strengthen the US Dollar in the future. Before Wall Street's opening, ECB President Christine Lagarde highlighted the resilience of the European financial system in avoiding severe systemic risks. On the daily chart, two possible long scenarios are marked, one with a retracement, which is the one I will target for a long entry, and then the second scenario that predicts a direct rise tomorrow towards 1.09. Comment and leave a like, greetings from Nicola, the CEO of Forex48 Trading Academy.
GBPCAD : Long Trade , 4hHello traders, we want to check the GBPCAD chart. The price is moving in an ascending channel and the price has pulled back to the specified key level. If this level can play the role of a support level and maintain the upward trend of the price, we expect the price to grow to around 1.71600. Good luck.
Bitcoin UPDATE Hello guys.
How are you doing?
I hope you feel great and always be happy and successful.
today, I want to talk about Bitcoin. It's an update and the expectation about the movement in Bitcoin.
So, as I always said it's not financial advice. please just read and do based on your strategy.
So, Let's go into details.
➖➖➖➖➖➖➖➖➖➖➖
I drew this Fibonacci channel a few months ago.do you remember that?
what a fabulous reactions.
You can find the bottom of Bitcoin easily.
please draw it on BTCUSD. and the price must be on the line chart.
after breaking line 1 (at the top of the first channel) the price changed the trend to complete the pull-bach to the top of the channel.
I expect that the maximum of this movement will be 38300 and then reverse the trend again.
But, if the price succeeds in closing above 38300 by a God Candle (a full candle without shadow at the top and the bottom) and the volume confirms this breakout, I believe that the price can go higher and the first target will be around 47000 and then 58000.
but, it's just a scenario and I don't think the price succeed in closing above the 38300.
by the way, I want to tell you something special.
Every time the stochastic managed to touch the 70 level (and above) and then reverse on the monthly time frame, we had a huge drop.
Please check it out at the below link. (Minimum 84%)
And the consequence is that I expect the trend will reverse soon. That's my idea. and the market maker played this rule to import the money into this game. and burn it.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
A LONG Bullish Run; But How Much Longer...?There is nothing as exciting as finding market direction and having the market play out in your direction and according to your plan and prediction.
From last week, we saw prices retrace bearish in our 4-hour zone. On Friday, at about 1500 WAT, prices finally dipped into our zone and from there we knew it was time for the long bullish ride up.
Because we were looking at the 4-hour timeframe analysis, our target was and still is the 4-hour liquidity above. Over the course of this week, we have seen prices soar all the way up towards our target liquidity. Prices are not there yet. They are currently just a few pips shy of our target.
The question is, "Will the bullishness continue all the way up to hit our target?" I guess you know my answer already. Of course, they will. We are holding on to our trade perspective, our bullish direction, and our trade. We will stay bullish, and we expect the market to stay bullish too, until we hit our target. When that happens, then we can expect the market to begin to lose steam and, from there, look to reverse.
Are We Bullish Again...?On this pair, we have seen the market give us some strong bullish potential. On Friday, we saw the market come all the way down to our 4-hour bullish zone, and from there, it began to reverse bullish. Yesterday, we witnessed the bullishness continue, and we looked to take a trade. The market went in the direction of the 4-hour analysis. The market went all the way to our 4-hour liquidity.
We are expecting to see some bearish pullbacks today to drive prices all the way down into our bullish PB and ultimately into our refined zone. From there, we will look forward to seeing the market reverse bullish, and using one of our trade entry setups, we will look to get in on this trade.
There is a possibility that the market will pullback for a bit and reverse without getting to our zone. But not to worry; when that happens, we will be ready to take a look at it and determine how to jump on the trade.
So we are expecting a down move followed by an up move.
The most important thing is that the market will retrace bearish into the PB, and from there, look to go all the way up to our liquidity target above.
Some Bullishness, But for How LONG?Since last week, we have been looking to go bearish on this pair on the 1-hour chart. We sustained that bearish move, and we saw prices dip for a bit, all the way to the 4-hour zone. Remember, the 4-hour chart has been in an uptrend. So we were not exactly surprised when the market turned in the 4 hour zone and began to move bullish.
Price is currently bullish on both the 4 hour and 1 hour perspectives, with our target being the 4 hour liquidity above.
This is what the market is currently saying and playing out, and so we will hold on to this perspective until it says otherwise.