BTCUSDT: Continue selling or should buy?Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows:
Resistance: The key resistance level is around 65,917.43 USD.
Support: The immediate support zone is between 61,497 - 61,728 USD.
Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD.
It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
Signal
USDJPY: Bears start to counterattackThe Japanese Yen (JPY) held steady against the US Dollar for a second consecutive day on Tuesday, despite doubts about a sustained bullish trend. Overnight comments from Japanese officials raised concerns about possible intervention, while escalating geopolitical tensions in the Middle East boosted JPY’s safe-haven appeal. Additionally, a slight decline in the US Dollar (USD) put further pressure on the USD/JPY
However, fading odds of another interest rate hike by the Bank of Japan (BoJ) in 2024 have kept JPY bulls cautious. Meanwhile, investors have scaled back expectations of more aggressive policy easing by the Federal Reserve (Fed). This has helped limit USD losses ahead of Wednesday’s FOMC meeting minutes and upcoming US inflation data on Thursday and Friday.
Is now a good time to buy gold stocks?Over the beyond six months, gold charges have risen, attaining new report highs nearly each month. However, the yellow metal`s rate has encountered a few resistance for the reason that hitting US$2,670 on October 1, sending it right all the way down to as little as US$2,639.
Hemke defined in an October three interview that this may be the end result of the marketplace checking out resistance at $2,650.
In September, gold charges hit a brand new report excessive above $2,six hundred after the U.S. Federal Reserve reduce its benchmark hobby price for the primary time for the reason that begin of the 2022 bull run.
“Gold charges bottomed at US$1,895 in mid-February and had been replied for the reason that then — gold charges have expanded 25 percentage in that period,” he advised INN in an interview recorded early September .
"It's now no longer that the gold producers, the large groups and the intermediaries, have not reacted. The large gold groups, now no longer counting the trouble groups, are up forty five to ninety percentage from the lowest gold rate." in February, and intermediaries expanded from 50 percentage to 132 percentage"
💎 XAUUSD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎XAUUSD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
GBPUSD: Is the Current Decline Setting Up for a Strong Rebound? GBPUSD is currently trading around 1.309 in the early session on Tuesday. While the pair is moving in a downward trend, a closer look at the technical chart reveals a familiar wave cycle that appears to be repeating.
In this scenario, GBPUSD could potentially gain bullish momentum after testing the support zone and the 34 and 89 EMAs. The long-term outlook for a price increase remains optimistic, as market sentiment continues to anticipate a Fed rate cut in the near future.
Could this pullback be setting the stage for a strong rebound? Let us know your thoughts!
ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone.
Key Resistance Level
Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested.
Trading Strategy
Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels.
Bearish Target
If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk.
What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
XAUUSD today Gold prices continue to struggle in gaining any significant momentum, remaining confined within the familiar range that has persisted over the past week or more amid mixed fundamental signals. Rising tensions in the Middle East, coupled with a weaker risk appetite, are providing some support for the safe-haven asset, XAU/USD. Despite these factors, the market has yet to see a clear breakout, leaving traders watching closely for stronger catalysts to emerge.
GBPUSD : Trading with the head and shoulders patternThe Head and Shoulders pattern in this chart is signaling a potential bearish reversal.
Key area: If the price breaks below the neckline around 1.3040, we might see a continued downward movement.
Target price: If the breakout is successful, the price could drop towards the 1.2815 zone.
Strategy: You can consider entering a sell position if the price falls below 1.3040, aiming for 1.2815, with a stop loss placed safely above 1.3170 (right shoulder area).
Wishing you all successful trades and good luck!
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy:
Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal.
Target: Aim for the 581 resistance level as your first profit target.
Stop Loss: Place a stop loss below the 563 level to protect against further downside.
Sell Strategy:
Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level.
Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550.
Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout.
By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
BTCUSDT Trading Strategy. Based on the provided chart and the market context, here is a concise analysis and strategy for trading BTCUSDT:
Strategy: Focus on a bullish trend with potential pullbacks.
Current Price Zone: BTCUSDT is trading around 63,676, with the next resistance zone around 64,038.94. A breakout above this level could open the path to higher levels.
Key Resistance: The next significant resistance lies between 66,000 to 66,100. Watch for price action at this zone as it may trigger either a pullback or consolidation.
Support Zone: In the event of a pullback, a strong support area lies around 62,300 to 62,500. This is a good re-entry point if prices dip.
News Impact: Monitor any global or regional market news as geopolitical tension or economic announcements could push volatility.
Trade Direction:
Enter long positions on bullish momentum, especially after breaking the 64,000 level. A pullback near 62,500 offers a chance for additional buys. Target the 66,000 zone, but consider partial profit-taking at key resistance levels.
AUDCAD 95% ACCURATE TRADESI have mentioned in the chart the exact points for the sell limit, stop loss, and take profit. Kindly use this on a demo account first before applying it in live trading. Trading involves risk, so be careful with your capital. I am trying day by day to achieve more accuracy. Thanks, and kindly follow, like, and comment.
SPY Will Collapse! SELL!
My dear subscribers,
My technical analysis for SPY is below:
The price is coiling around a solid key level - 572.97
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 570.79
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
SILVER Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 32.202
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 31.709
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
AUDCAD Massive Long! BUY!
My dear followers,
I analysed this chart on AUDCAD and concluded the following:
The market is trading on 0.9203 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9280
Safe Stop Loss - 0.9160
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USDCAD: Short Trading Opportunity
USDCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short USDCAD
Entry Point - 1.3607
Stop Loss - 1.3642
Take Profit - 1.3535
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURUSD: Bullish Continuation & Long Trade
EURUSD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURUSD
Entry - 1.0978
Sl - 1.0925
Tp - 1.1074
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
USDCHF A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8548
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8510
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GOLD Technical Analysis! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2645.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2650.9
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
XRPUSDT Based on the XRP/USDT chart you've shared, here's a trading strategy for a bearish scenario:
Current Price Action: The price is currently trading around $0.5263 after a significant downward move. It has also broken below the 0.5 Fibonacci retracement level of $0.5858, signaling potential further downside.
Resistance Levels: The region between the 0.5 and 0.618 Fibonacci levels ($0.5858 - $0.5672) is acting as a key resistance zone. If the price retraces upward, this zone could present a strong resistance, offering a potential sell opportunity.
Bearish Target: A continuation of the bearish trend could take the price down to the 1.618 Fibonacci extension level at approximately $0.4096. This could serve as the next major support level and a potential take-profit area for sell positions.
Sell Setup: Look for sell opportunities if the price retraces back to the resistance zone between $0.5672 and $0.5858 and faces rejection. Set your stop-loss slightly above the $0.5858 level.
Risk Management: Ensure proper risk management by placing a stop-loss above the resistance zone and targeting the 1.618 Fibonacci extension level for your take-profit.
This strategy aims to capitalize on the ongoing downtrend while allowing room for a potential retracement before the price continues lower.
BTCUSDT continues downtrendThe airstrike by Iran on Israel in April 2024 and the attack on Israel on October 7, 2023, also revealed a similar bearish pattern for Bitcoin.
Gold investors assert that Bitcoin behaves more like a speculative risk asset, similar to tech stocks, rather than a safe haven.
Jesse Colombo, an analyst, predicts that Bitcoin is now closely tied to the Nasdaq 100, particularly to U.S. tech stocks. He warns that the collapse of this "bubble" could negatively impact Bitcoin's value.