Lingrid | EURUSD trend Continuation PATTERN formedFX:EURUSD is currently consolidating just below the resistance zone at 1.12000, forming an ascending triangle pattern. This is typically considered a trend continuation pattern, indicating a bullish sentiment. The price has bounced off the resistance level twice, and a third test could lead to breakout. A doji candle on the weekly timeframe suggests indecision and a breakout above the previous week's high or a drop below the low could propel the price, potentially initiating a new trend. Given the current market dynamics, it seems plausible to expect a false breakout below Friday's low, which could then lead to new highs. My target is resistance zone around 1.12400
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Lingrid | BITCOIN new Catalyst Drives the PRICE HigherThe recent BINANCE:BTCUSDT increase following CZ's release from jail has the potential to act as a catalyst for a bullish move. The current market structure indicates the formation of higher highs and higher closes, signaling a positive momentum. The price bounced off the support level at 53,000 and has surged up to the current resistance levels. Additionally, the daily chart shows that the price broke and closed above the previous resistance level, which suggests a potential shift in trend. This breakout could signify a new bullish phase for the market. Looking ahead, a pullback is likely, and if the price rejects the support level and upward trendline I expect further upward movement.
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Btc at confluence support. 68k still in playSince the beginning of the month, BTC has been in an uptrend, recently breaking above its previous high of 64,500. After reaching a high around the 66,500 zone, the price began to decline in what appears to be a correction.
Currently, the price is sitting right at a key confluence support level.
If we're aiming for a move toward 68k, the price needs to hold above this level and not close the day below it.
However, if the price drops below this support, there's a strong chance that we've reached a local top, and further losses may follow.
NzdUsd could rise above 0.65Much like its larger counterpart, the AUD, the NZD found a bottom against the USD in early August.
Since then, the pair has been trending upwards and is currently testing a key resistance level.
A breakout here could lead to further gains, with the 0.65 level as the next potential target.
I'm bullish on the pair as long as the price stays above last week's low.
CALM Cal-Maine Foods Options Ahead of EarningsIf you haven`t bought CAL before the previous earnings:
Now analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2025-5-16,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | AUDJPY fake BREAKOUT of the 100.00 levelFX:AUDJPY formed a fake breakout of the psychological level at 100.00, reaching that level before failing and rejecting the resistance zone with the formation of a big bearish candle. Overall, the market has been oscillating between the 93.00 and 100.00 levels. Since the market has now bounced off the top of this range and has broken and closed below the upward trendline, it appears that we may see a sharp decline, potentially retesting the bottom of the range. My target is support level at 96.200
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Solana- Back to 160After briefly dipping below the crucial 120 support level, Solana managed to recover some of its losses from the recent high of 190, climbing back up to 160.
At this point, it encountered strong resistance, and after the second attempt to breach this level, the price started to decline again.
However, the drop was swiftly halted at the 120 support zone, and the price has since consolidated above this level.
At the time of writing, Solana is trading at 135, just below the local resistance in the 137 zone. A breakout above this resistance could set the stage for a move back towards the 160 level.
I remain bullish on Solana as long as the 120 support holds firm.
Lingrid | GOLD short-term RETRACEMENT from RESISTANCE zoneOANDA:XAUUSD has reached the 2670 level, but overall it appears to have lost bullish momentum as it spent a day in a range zone. Given the creation of a bearish divergence, I believe the market may pull back from this resistance. If upcoming news doesn't provide a catalyst for upward movement, I expect the market to move below the previous day's low. We don't yet know what the outcome of the economic data release will be. However, there is a higher chance of significant fluctuations in the market today. My target is support level at 2645.
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Can Bulls Muster the Strength for Another Rally?In yesterday’s video, I mentioned a high probability of Gold reaching a new all-time high (ATH) before undergoing a significant correction. As anticipated, the price pushed higher, with the new ATH now standing at 2685.
After hitting this high, the price experienced a quick drop, but bulls held strong around the 2650 support zone.
Since then, the price has rebounded to 2670 and has entered a phase of consolidation.
This consolidation is forming a symmetrical triangle, which often signals a continuation of the prevailing trend.
Considering today is Friday, and with the end of the month approaching, a push to test levels above 2700 is possible.
That said, it’s important to remember the saying: “Trade what you see, not what you think.” What we currently see is solid support at 2650.
As long as this support holds, the trend remains strongly bullish, making it risky to attempt to predict a market top.
Short-term traders could search to buy dips against 2650.
Lingrid | TONUSDT bullish BREAKOUT Signals UPWARD MomentumOKX:TONUSDT broke and closed above the downward channel, which was indicative of a correction phase. For the past two weeks, the price has been consolidating between 5.35 and 5.80. Last week, we saw a weekly doji candle, which typically signifies potential momentum in the market in case of breakout. Given that the price has already broke last week’s high, I believe the market will continue to push toward higher levels. If we see a retest of the channel boundary and the price rejects that level, we can anticipate further upward movement. My target is resistance at 6.00
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Consolidation could lead to new ATH. Still wanted to sell thoughGold remains in consolidation, and a new all-time high could be on the horizon.
However, I still anticipate a significant correction.
For now, I'm staying out of the market, looking for opportunities to fade the current move, with the expectation of at least a 500-pip target.
Lingrid | EURUSD persistent Oscillation in RANGE zoneFX:EURUSD has struggled to create new highs above the psychological level at 1.1200 and has rejected the resistance zone multiple times, forming large bearish candles. Currently, the price remains within a consolidation zone. Additionally, the TVC:DXY recent impulse move upward suggests that it may exert downward pressure on the market. As a result, I expect the market to continue oscillating between the established resistance and support levels. My target is support level at 1.10800
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Lingrid | PEPEUSDT seizing Opportunity in PULLBACK tradingBINANCE:PEPEUSDT recently broke through and closed above the consolidation zone. On the daily timeframe, the market bounced off the demand zone and also broke above the previous day's high. The price action is forming higher highs, indicating a bullish trend. Recently, it reached the round number of 0.000009, and the price may be experiencing a short-term pullback. I anticipate that the market will continue moving higher, especially as we approach alt season. My target is resistance at 0.0000096
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UsdJpy could return to 150In mid-September, USD/JPY dropped below the 141.80 technical support level and even briefly fell under 140.
However, this bearish move was short-lived and ultimately proved to be a false breakout. The pair quickly recovered, and despite some signs of a potential continuation of the downtrend from the trend line on Monday and Tuesday, yesterday's session was marked by a strong bullish engulfing candle that broke above the falling trend line.
At this point, the path for further gains seems clear, with 147 and possibly 150 as upside targets for the bulls.
In conclusion, as long as technical support holds, I am looking to buy on dips.
Lingrid | GOLD sustained MOMENTUM towards HIGHER LevelsThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the important level of 2650 and broke and closed above it on the daily timeframe. Since there is no historical resistance above this level, the price may continue to push higher. Currently, we are seeing a pullback from the resistance zone, which presents an opportunity to go long from the support area. If the market pulls back toward the support zone and shows signs of rejection, we can anticipate a movement to higher levels. My target is resistance zone at 2670.
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EURUSD capitalizing on bullish momentumEURUSD is currently consolidating below the psychological level of 1.12000. On the daily timeframe, the price is retesting last week’s high, which could potentially break to the upside. Tuesday’s close with a strong bullish candle indicates a possible pullback toward the support area, offering a chance to catch the move in anticipation of a trend continuation. The price may bounce off the support level and the downward trendline. The target is the resistance zone around 1.12230
Lingrid | EURUSD capitalizing on Bullish MOMNETUM. Buy PullbackFX:EURUSD is currently consolidating below the psychological level at 1.12000. On the daily timeframe, it is retesting the the previous week's high, which is likely to be broken upside. Tuesday's close was marked by a strong bullish candle, suggesting that a pullback toward the support area may occur, providing an opportunity to catch the pullback in anticipation of trend continuation. I expect the price to bounce off both the support level and the downward trendline. My target is resistance zone around 1.12230
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Lingrid | ADAUSDT level REJECTION. Potential BEARISH moveBINANCE:ADAUSDT reached the resistance zone at 0.39, where it rejected this level by forming an engulfing candle pattern. Over the past two months, the market has been moving sideways on the daily timeframe. However, the overall trend remains bearish, similar to many other altcoins. Given that the market has reached the top of the range, I anticipate a pullback as it continues to consolidate in this zone. Furthermore, the market has formed an ABC pattern, which typically suggests that a retracement is imminent. This further increases the likelihood of a pullback from the resisatnce. My target is support level 0.36
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Lingrid | AUDUSD breakout and RETEST Continuation TradeFX:AUDUSD broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate that the market will roll back to the strong support level below and (possibly) the trendline before making a move higher, ultimately breaking and closing above the recent higher high (HH) level. My target is resistance zone at 0.68570
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GBPAUD Down trend continuationGBPAUD is consistently making lower lows and lower closes on the 1H timeframe, indicating a potential ABC formation. Over the past two weeks, the market has been moving within a defined weekly range, suggesting that the price is currently in a consolidation phase. Additionally, the price has recently broken and closed below the key 1.95000 level and the upward trendline, reinforcing the bearish sentiment. The expectation is for a pullback toward the resistance zone before continuing its downward movement. The target is the support level around 1.93820