Short-Term Opportunity in NAS100: Rebound in Play?Since reaching its all-time high (ATH) three weeks ago, NAS100 has dropped approximately 3,000 pips, hitting a low near the 19,000 zone yesterday.
Currently, the CFD price is rebounding, and this recovery could extend into the New York trading session.
Although my overall correction target remains around 18,000, I anticipate a short-term relief rally at this stage.
From a short-term trading perspective, the 19,000 level could present a good entry opportunity. With a tight stop and a target slightly above 20,000, this setup offers a favorable risk-reward ratio.
Signals
Lingrid | XRPUSDT Head and Shoulders Pattern: Bearish Signal?BINANCE:XRPUSDT is currently making lower lows and lower closes. The market took liquidity above the 2.80 level before pulling back to the support level at 2.00. This movement essentially created a false breakout, suggesting that buyers are hesitant to enter the market at those price levels. Taking a broader view, we can observe that the price action is forming a head-and-shoulders pattern, which is typically indicative of a reversal. Given that the previous weekly candle was a significant bearish candle, it suggests that the price may retest the 1.50 level. Therefore, I anticipate XRP to retest the resistance followed by moving lower. My goal is support zone around 1.63
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Choppy Gold Price Action: Bearish Bias, But With CautionIn my post yesterday, I mentioned that Gold would likely break below the 2900 support zone.
Indeed, after multiple tests and annoying price action, the price finally dropped below this level, reaching an intraday low of 2880. However, it quickly reversed and is now trading back around the same level.
To be honest, while my outlook remains slightly bearish, this kind of choppy movement is not ideal.
In conclusion, my strategy remains to sell on rallies—but with caution and lower volumes.
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Lingrid | BTCUSDT falls to NEW Lower LOWS. Potential Short BINANCE:BTCUSDT price dropped below the 90,000 level. The previous weekly candle was a big bearish one, indicating a decline of 15%. Recently, the price broke below the upward trendline and closed below the higher low indicating potential trend continuation. I think the market will continue to push lower to test the liquidity below February's low. I anticipate that the price may find support around the October highs, between 74,000 and 76,000. Overall, I expect the price to bounce off the resistance and the upward trendline. My goal is support zone around 76700.00
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XAUUSD long term 1. Weakness at Support Zone (Bearish Risk)
The price is hovering around the identified demand zone (blue box), but buyers are not showing strong defense yet. If this zone breaks, we could see a deeper correction toward $2,840 - $2,800, invalidating the bullish projection.
The dotted red line suggesting an immediate bounce might be premature without a bullish confirmation candle or volume spike.
2. Trendline Breach (Bearish Confirmation)
The ascending trendline (starting from February lows) has already been broken and retested. This typically signals a trend reversal or deeper pullback.
If price remains below this trendline, the bullish continuation becomes less probable.
3. Possible Bear Flag Formation (Bearish Pattern)
The recent sideways action (consolidation within the demand zone) could be forming a bear flag, which is a continuation pattern for a move down.
A breakdown below $2,860 (flag bottom) would confirm this bearish pattern, targeting potentially $2,800 or lower.
4. Momentum Shift
RSI/MACD (if checked) may show bearish divergence from recent highs or weakening momentum, suggesting buyers are losing control.
Alternative Bearish Scenario (Disruption Path):
If price breaks and closes below $2,860 - $2,840:
Short-term target: $2,800 - $2,760.
Invalidates bullish target of $3,000 for now
AMAZON Is it worth buying now?Amazon (AMZN) broke below its 1W MA50 (blue trend-line) last week for the first time since the week of August 05 2024 and opened this week below it. As you can see, the stock has been trading within a 2-year Channel Up and today's candle is as close to a technical Higher Low (bottom) as it can get.
The previous Higher Low was in fact that Aug 05 2024 candle, which despite breaking below the 1W MA50, managed to post a strong intra-week recovery and close above the it. Technically that was the 'Max pain' situation on every 1W bottom candle in those 2 years.
Every Bullish Leg that followed was around +65.24%, so that gives us an end-of-year technical Target of $300.
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NASDAQ below its 1W MA50 after 2 years. Doom or recovery ahead??Nasdaq (NDX) broke below its 1W MA50 (blue trend-line) for the first time in 2 years (since week of March 13 2023). That is a strong long-term Support, in fact it is technically the first level to look for during cyclical bull trends. So how bad can a break and/or 1W candle closing below it?
As you can see on this multi-year chart on the 1W time-frame, since the 2008 Housing Crisis, the index has had a number of breaks below its 1W MA50. With the exception of the 2022 Inflation Crisis, which was a cyclical Bear Market like 2008, all of those breaks were short-lived and rebounded on the 1W MA100 (green trend-line) almost instantly.
In fact, the current technical pull-back resembles the June - August 2011 correction, which after breaking below the 1W MA50, it found support and rebounded on the 1W MA100 in 2 weeks. The rebound that followed rose by +38% in 7 months. If a similar development is followed, which is what we expect, we are looking at a potential end-of-year rally to 24900. This also took place on the 2019 rally.
What makes this 17-year recurring pattern even more interesting is that technical pull-backs such as the current, tend to take place when the 1W RSI Channel Down, a technical Bearish Divergence) hits 40.00 and makes a Lower Low (green circles).
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BITCOIN Great Investment Opportunity! Buy!
Hello,Traders!
BITCOIN keeps falling down
In a strong correction move
But the coin will soon hit a
Massive key horizontal
Demand level of 72,500$
From where a bullish
Rebound and a move up
Is likely to happen
Buy!
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RIPPLE MASSIVE LONG|
✅RIPPLE will be retesting a support level soon of 2.00$
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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GOLD Risky Short! Sell!
Hello,Traders!
GOLD made a bearish
Breakout of the key
Horizontal level of 2900$
And the breakout is confirmed
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
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EUR-AUD Bullish Breakout! Buy!
Hello,Traders!
EUR-AUD is trading in an
Uptrend and the pair made
Made a bullish breakout
Of the key horizontal level
Of 1.7145 which is now
A support then made a
Bullish rebound so we are
Bullish biased and we
Will be expecting a
Further move up
Buy!
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EURUSD on its 1W MA200 after 5 months.The EURUSD pair hit on Friday its 1W MA200 (orange trend-line) for the first time in 5 months (since October 03 2024). This is a major Resistance level which initiated a strong -4.00% decline on December 28 2023.
In fact -4.00% declines have been quite common for EURUSD in the past 2 years. However, the pair's strongest Resistance level has been the 1M MA100 (red trend-line) which has formed both market tops on October 01 2024 and July 18 2023.
As a result, the most optimal sell entry would be when the 1W RSI hits its Resistance Zone, with the price probably close to the 1M MA100 within the Lower Highs Zone. On the long-term, the R/R has shifted dramatically in favor of selling right now. If the rejection does happen on the 1W MA200 eventually and won't close any 1W candle above it, we have a short-term Target at 1.04600 (-4.00% decline) and if the rejection takes place higher, we will be expecting a bottom near parity with a technical Target at 1.00500 (Lower Lows Zone).
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GBPCAD: One More Wave Ahead?! 🇬🇧🇨🇦
GBPCAD is positioned to continue rising to new highs.
A bullish breakout of a neckline of the ascending triangle
pattern on a 4H time frame provides a strong trend-following bullish signal.
With a high probability, the price will reach 1.868 level soon.
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XAUUSD One more push to 3100 to price the Top.Gold (XAUUSD) continues to trade within its 2025 Channel Up, in fact the uptrend started a little bit sooner on the November 14 2024 bottom. As we've mentioned before and you can see again today, this is a recurring pattern which has been in effect since October 2022, the bottom of the Inflation Crisis.
This involves the market forming Channel Up patterns of around +20% price increase, which are supported by the 1D MA50 (blue trend-line) and when that breaks, they bottom around the 0.382 Fibonacci retracement level and then turn into a buy opportunity for the next Channel Up.
The 1D RSI Double Tops and signals the price (Channel Up) High. It's first Top is where Gold is right now, typically within the 0.5 - 0.382 Fib Zone. The only time it was above the 0.382 Fib, was when it rose by +22%. As a result, we expect a similar course and a price peak around $3100 but the most effective sell signal remains when the 1D RSI Double Tops.
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BITCOIN Is this the last defense before the narrative changes?Bitcoin (BTCUSD) got yet again increasingly volatile during the weekend and is approaching the 1W MA50 (blue trend-line). As mentioned on the title, this is "the last defense" for BTC as so far this price action hasn't diverged a bit from the Channel Up of the 2015 - 2017 Bull Cycle but a break and 1W candle close below it, would jeopardize that.
** The key 1W MA50 **
In fact the only times that Bitcoin closed below its 1W MA50 during a Bull Cycle and the Cycle continued was of course during the March 2020 COVID global market flash crash and November 18 2019. But the current Bull Cycle is nothing like in 2019 - 2021, it doesn't have the initial overextension of the Libra hype (May - June 2019) or Elon's early 2020 hype nor of course the pandemic shutdown. On the contrary it is incredibly similar with 2015 - 2017 with the only difference being that, thanks to the ETF launch in January 2024, the market marginally breached the previous All Time High (ATH) earlier.
** Symmetry playing out **
So back to the similarities between those two Cycles. The Cycle count indicates that we are at the end of the (blue) Bull Rectangle in March 2017 (847 days) when the price almost tested the 1W MA50 and then started the (green) Parabolic Phase to new ATHs (217 days). Even in terms of 1W RSI and MACD, the two fractals are similar, with the RSI being on its 2nd 'Buy the dip Volatility Phase' bottom and the MACD on its 2nd Bullish Cross.
** How high can it get? **
Now as to how high the new Cycle Top can be, can be anybody's guess, but if it repeats the less aggressive 2021 Top, it could be on the 1.618 Fibonacci extension, i.e. around $170k, while if it repeats the (much more unrealistic for such short period of time in terms of market cap) 2017 Top, it could be on the 2.382 Fib ext, i.e. around $520k. The worst case scenario is to have Fib extension Tops on a decreasing rate, in which case the 1.5 - 1.382 levels are next, giving us a potential target range of 120k - 145k, which would be almost a Double Top similar to November 2021.
So what do you think? Will the 1W MA50 come to Bitcoin's rescue yet again or the narrative will change this time? Feel free to let us know in the comments section below!
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SPX Will Grow! Long!
Here is our detailed technical review for SPX.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 5,770.40.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 5,863.87 level.
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.
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USOIL Will Go Higher From Support! Buy!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 67.18.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 70.05 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.
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EURJPY Will Go Down From Resistance! Sell!
Please, check our technical outlook for EURJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 159.715.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 156.155 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Lingrid | GOLD Weekly Market OUTLOOK: Sideways MOVE After 2900 This trading week the OANDA:XAUUSD market went through a three-day sideways movement following two trending days. After breaking through the 2900 level, the price is now stuck in the range zone. Notably, the price failed to reach last week's high or low, forming an inside bar pattern on the weekly timeframe. This suggests that a false breakout of last week's highs or lows could determine the next move in the market in the near term.
Interestingly, gold struggled to rally further upward despite the sharp drop in TVC:DXY amid escalating trade tensions. This may indicate that prices may continue to move sideways between 2940 and 2870. Zooming out, we can expect that price action appears to be forming a triangle pattern, which is a typical consolidation pattern. I think there is a possibility that the market could form a second corrective leg down or retest the weekly opening levels. Some oscillators are showing a hidden bearish divergence, which supports the idea of another corrective leg down. Overall, I expect the market to continue to fluctuate until price breaks above or below last week's high or low.
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