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DOGE’s Next Move: Key Levels to WatchAfter a remarkable bull run from September to December 2024, DOGE concluded its rally with a rising wedge pattern, a sign of exhaustion. This structure also marked the completion of a 5-wave Elliott structure. The breakdown from the wedge came with a clean retest, followed by a significant drop. Current Market Outlook The new year began with a bullish rise, reaching the 0.618 Fibonacci retracement level at $0.364 (drawn from the high at $0.48434 to the low at $0.26216), a great short setup. Presently, DOGE appears to be forming an ABC corrective structure, with wave C in progress. Additionally, a Head and Shoulders pattern is developing, with the neckline sitting close to the yearly open at $0.316. Support and Confluence Zones 1.) Fibonacci Level: The 0.618 Fibonacci Retracement of the 5-wave structure is positioned at $0.2353, which aligns with the Head and Shoulders target for strong confluence. 2.) Fair Value Gap (FVG): There is an unfilled FVG and November’s untested high at $0.22888, which adds significant support confluence. 3.) Trend-Based Fib Extension: Using the Trend-Based Fib Extension from wave B, the 0.786 Fib lies near the $0.2353 - $0.22888 range for further alignment. 4.) Monthly Level: The monthly level at $0.22 strengthens the case for this zone being a critical support area. 5.) Fib Speed Fan: If price drops to the $0.2353 - $0.22 region between January 17th and the end of the month, the 0.75 Speed Fan Fibonacci will also align with the support zone, further emphasising its importance as the fair value trend line. Trade Setups Short Setup: Entry: Around the $0.397 0.618 Fib Retracement level Stop Loss: Above $0.43 Take Profit: Targeting around $0.25/24 Risk-to-Reward (R:R): ~5:1 Potential Long Setup: Entry: Within the $0.2353 - $0.22 support zone (confirmation needed) Stop Loss: Below $0.22 Take Profit: Targeting around $0.275
Short
by SiDec
Buying power is weakening - resistance 2724 good for SELLComment: 📌 The recent inflation data and comments from Fed official Waller put pressure on the US dollar, as traders grow increasingly confident that the US Central Bank might cut rates sooner rather than later. Waller did not dismiss the possibility of a rate cut at the March meeting, highlighting that inflation "is approaching our 2% target." Chicago Fed President Austan Goolsbee, a voting member in 2025, expressed optimism that the labor market is stabilizing, as reported by The Wall Street Journal. Market participants are now pricing in nearly equal odds of the Fed implementing two rate cuts by the end of 2025, with the first reduction expected as early as June. XAU Trend: January 17 📌 Gold is reacting downward at the H4 2724 resistance zone, buying force is becoming weaker. Opportunity for sellers to push the price back to 2705, creating more liquidity for the market Signal:📌 SELL XAU 2723-2726 SL: 2731 | TP: 2715 - 2708 - 2700 Thank you for reading my comment: "FM"
OANDA:XAUUSDShort
by FM-ForexMastermind
3
FINNIFTY FUT SEEMS NEGATIVEHERE, I am sharing my idea on Fin Nifty Fut at closing of 15th January, 2025. Important points are as below: 1) STRONG DEMAND ZONE is at 22,000 TO 21,750. 2) NEXT DEMAND ZONE is at 21,400 to 21,275. 3) STRONG SUPPLY ZONE is at 23,100 to 23,550. 4) Clear bounce back from 22,500 level. 5) Long term view is BEARISH RSI WITH SMA: RSI is still below it’s moving average but has crossed oversold level from below to above on 14th Jan. trading session. - We can expect further upside trend till our supply zone that is: 23,100 – 23,550. - As mentioned earlier, long term view is BEARISH, if Fin Nifty fails to breach this supply zone and start’s falling, it will be good opportunity to sell. - 1st target: 22,000 – 21,750 - 2nd target: 21,400 – 21,275 This is simply my attempt to predict Fin Nifty, I am not asking anyone to trade based on this idea.
NSE:FINNIFTY1!Short
by sharescomplex
How might the UK CPI report influence GBP/USD?UK CPI inflation unexpectedly dropped to 2.5% year-on-year from 2.7%. So how does this influence GBP/USD? The ongoing downturn in the UK bond market signals a bleak economic outlook and rising concerns about inflation during the presidency of Donald Trump’s second term. This scenario may compel the Bank of England (BoE) to implement significant interest rate cuts in response to the fragile economic conditions, potentially driving GBP/USD below 1.2000. When inflation falls beneath its target, it often indicates a slowdown in economic growth. In such cases, the BoE may opt to lower interest rates to make borrowing cheaper, aiming to encourage businesses to invest in growth-oriented projects. However, this tends to weaken the Pound, as lower interest rates reduce the UK’s appeal as a destination for international investors to allocate their funds.
Short
by FM-ForexMastermind
HBAR on the Edge: Key Levels You Can't Miss!HBAR has been range-bound for over 40 days, trading between $0.3922 and $0.2341, following a rejection from the golden pocket zone. Let’s dive into the key resistance and support zones to identify potential trade setups. Support Zone Analysis Taking the entire bullish run from November, we observe the 0.5 Fibonacci Retracement at $0.2169, which aligns perfectly with the anchored VWAP from the November lows, providing a strong support confluence. Adding to this, the negative Fibonacci extension of the current downside wave places the -0.666 Fibonacci level at $0.21778, further reinforcing this zone. Additionally, the lows around this area contain significant liquidity, likely targeting long-leverage positions, which increases the conviction for this support zone. The monthly level at $0.2217 also aligns with this area, making $0.217-$0.222 a highly reliable support zone for potential trade setups. Resistance Zone Analysis HBAR has recently broken below the yearly open level at $0.269, which now acts as a resistance. For those who missed the previous short entry, price action near $0.269 presents another opportunity for a short trade if price rises to this level, confirming its resistance. Chart Pattern & Volume Analysis The structure shows an inverted cup and handle pattern. Volume has been in steady decline throughout this trading range, indicating a pause in bullish momentum. Trade Setups Short Trade Entry: Around $0.269 (yearly open and key resistance zone) Stop-Loss: Above $0.285 Target: Support zone at $0.217-$0.222 Long Trade Entry: Around $0.217-$0.222 Stop-Loss: Below $0.210. Target: Retest of the previous lows at $0.235 R:R: 2:1, making it a decent trade.
Short
by SiDec
FIL on the Rise Eyeing a Breakout to $6+Key Observations 1. Channel Formation The price is attempting to move within an ascending channel formation. The lower trendline acts as support, while the upper trendline serves as resistance. 2.Current Price Action The price is approaching the upper boundary of the channel. To confirm bullish momentum, a strong 4-hour candle close above the channel is essential. 3. Resistance and Target A breakout above the channel indicates a bullish continuation, with the immediate target around $6+. $5.50 might act as minor resistance before the target. 4.Support Levels If the price fails to break out, the lower channel line (around $5.00) will serve as a critical support zone. A break below this support could invalidate the bullish scenario. 5. Volume Confirmation Monitor trading volume for confirmation. A breakout with high volume increases the likelihood of reaching the target. 6. Market Sentiment Current sentiment aligns with a potential bullish breakout if external factors like Bitcoin movement or news events don’t cause significant volatility. Strategy Entry: Wait for a confirmed 4-hour candle close above the upper trendline with support retest. Target: $6.00+ Stop-Loss : Below the channel’s lower boundary (e.g $4.90) The setup looks promising, but caution is advised due to market volatility. Always use proper risk management when trading.
by wolfchemist
Analyzing Litecoin (LTC/USDT): Key Trading Insights with Stop LoIn this article, we’ll analyze the recent price action of Litecoin (LTC/USDT) on the chart. Using a powerful indicator setup, we’ll explore potential trading opportunities and how to utilize stop-loss and take-profit levels effectively. Whether you're a beginner or a seasoned trader, understanding these insights can enhance your strategy. Support Level: Around $99.91, providing a solid base for potential bullish movement. Resistance Level: Near $103.36, which could act as a barrier to upward momentum. Trend: The market currently shows a slight retracement after a bullish move, indicating the need for caution. Risk Management: Stop Loss and Take Profit This chart integrates predefined Stop Loss (SL) and Take Profit (TP) levels to minimize risk: Stop Loss (SL): Positioned below the recent low (e.g., $100.55), ensuring limited downside risk. Take Profit (TP): Placed near resistance zones (e.g., $103.07) to lock in profits when the price hits the target. These levels provide traders with a structured risk-reward ratio, optimizing their trades for better results.
Short
by Tradeaione
Strong attractor to $BTC price around 88kWe can see a beautiful confluence of technicals around 88k 1- Blue dotted line; multiyear (since 2021) strong resistence trend 2- Orange dashed line; recently reseted volume-weighted average price 3- Green tick line; exponential moving average from last 200 12h periods 4- Purple arrow down; target from shoulder-derivated triangle 5- Green fine line; important multiyear Fibonacci-circle level If this important resistence made of lots of confluences doesn´t hold, we will see the CME gap closed after price plunges to the marked orange square
BITFINEX:BTCUSDShort
by CCCLopes
TradeCityPro | NEARUSDT Calm before the storm👋 Welcome to TradeCityPro Channel! Let's go to a day when financial markets are closed and update one of our previously analyzed altcoins, NEAR, and find new triggers together. Scroll Down to Check Out the Analytical Chart as Well! 🌐 Overview Bitcoin Before starting our analysis, as always, let’s check Bitcoin in the 1-hour timeframe, where the candles have become significantly smaller, the range of our fluctuations has narrowed, and the 1-hour candles now show 0.2% fluctuations. This observation, along with our hourly volume, indicates that there is practically no movement, and no one is deciding to trade. For now, it’s better not to make any decisions and just observe the market from a distance. However, this doesn’t mean abandoning the market entirely and coming back to the chart only after the market moves. 🕵️‍♂️ Previous Analysis In our previous analysis uploaded to the channel last month in the weekly timeframe, it can be said that almost nothing has happened. Our spot entry triggers were not activated, and we were simply rejected from the $8.289 resistance, fluctuating within the $3.73 to $8.28 range. 📊 Weekly Timeframe In the weekly timeframe, as we said, nothing special has happened to our chart. Currently, we are simply ranging within the weekly box, and breaking the support or resistance of this box can result in a sharp move. This week's weekly candle has one day left to close, and if it stays like this, it will engulf the previous two candles, suggesting that we are moving towards the $3.73 support. 📈 Daily Timeframe In the daily timeframe, we are also in a smaller box than our main box, ranging between $4.88 and $6.05, where it might range for a while. On the other hand, the $6.057 resistance can be considered a risky but promising trigger for spot buying, considering that the resistance at the top of the box, or $8.289, is likely to be broken sharply and whale-like. For exiting this coin, I currently suggest doing so below $3.544. Personally, after breaking $4.883, I prefer to open futures positions rather than sell my spot coins. If you pay attention to the $4.883 support, it is the 0.618 Fibonacci level, which is highly significant for our trend. If we rise from this level and break the $6.057 resistance, we can start a good upward move. ⏱ 4-Hour Timeframe In the 4-hour timeframe, after being rejected from the $6.058 resistance and printing a red candle, we moved back towards the $4.914 support. Currently, it can be said that we are stuck in a box ranging between $4.914 and $5.156. 📉 Short Position Trigger our trigger is entirely clear, and after breaking $4.914, we can open a short position, targeting $4.5 and $4.05. 📈 Long Position Trigger however, currently, both the volume is very low, and the chart has a very bearish vibe. But if we continue ranging in this short-term box and the sellers lose strength, staying here for a long time, or faking the $4.914 support, after breaking $5.156, we can open a long position—but with a small stop loss and quick profit-taking. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
14
Short Eurusd - Targeting 1.02211Eurusd has been making continuous strides further down in price. The recent pullback to 1.04500 was rejected and indicating for me more movement to the downside, there was divergence of the RSI & MFI on the 4hr at that rejection level of price. If price continues to slide, I'll be looking to target a price of 1.02211. I'm currently in a short position at 1.04077, a nice 187 pips I would be looking to grab if price hits target. Patience is key! If you see anything different, feel free to share!
Short
by CollectCap
ADA Masterclass: Spotting the Perfect TradeHappy New Year, everyone! I hope 2025 is off to a fantastic start for you, filled with success, joy and of course, profitable trades. ADA has been a shining example of technical precision in recent months, offering reliable and rewarding setups. Let’s explore what the charts are telling us as we move forward into the new year. Market Overview: ADA has consistently respected key technical levels. Recently, the market completed a perfect ABC correction to the trend-based Fibonacci extension 1:1 at $0.7655, almost to the dollar. Following this correction, ADA has seen a strong rally, now approaching critical resistance levels, while the $1 support zone emerges as a pivotal area. Key Observations and Levels: 1.) Resistance Zone – $1.079–$1.1108 ADA is approaching the 0.618 Fibonacci retracement of the broader downtrend from $1.3264 to $0.7624, located at $1.1108. This level is a significant resistance zone, marking a potential turning point where sellers could step in to take control. 2.) Short Trade Idea: A short trade setup can be executed at $1.1108, targeting the $1 support zone for a potential 8–9% gain. Trade Setup Details: Entry: $1.1108 Stop Loss: Above the 0.666 Fibonacci retracement. Target: $1 Risk-to-Reward Ratio: 3:1 Risk: 2.75% 3.) Support Zone at $1: The $1 level remains a critical support zone due to multiple confluences: Psychological significance as a round number. A single print zone between $1.001–$1.003, indicating a key liquidity area. Alignment with the 0.382 Fibonacci retracement of the current wave (1st January low to 3rd January high). Anchored VWAP from the recent lows is also sitting at $1, adding further weight to this level as a strong support zone. Long Trade Idea: A long trade can be considered if ADA revisits the $1 support zone, but ensure to wait for volume confirmation to validate buying strength before entering.
Short
by SiDec
"Bitcoin Analysis: Potential Move Towards Point G"Based on the current price action on the 4-hour chart, Bitcoin is showing signs of a bearish continuation towards the G zone (around the support area highlighted in purple). This move aligns with the rejection from the F level and the overall structure of lower highs. I anticipate a potential drop to the G zone due to the selling pressure and lack of significant bullish momentum. However, once the price reaches this key support level, we may witness a bounce or consolidation before a potential upward move. Key Levels to Watch: Support (G Zone): Resistance (F Level): This scenario will be invalidated if Bitcoin closes above the F level, indicating renewed bullish strength. Until then, my bias remains bearish towards G, followed by a possible recovery.
Short
by Tradeaione