Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern
- In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure.
- It is currently moving in a downward channel, which has encountered demand by touching the second area of the green box.
💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel.
💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling).
⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️
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BINANCE:LDOUSDT
Signals
BULLISH SETUP IN CADCHF WITH 500PIPS+ POTENTIALThe CADCHF forex pair is currently trading at 0.62, with a target price set at 0.77, indicating a potential upward movement of over 500 pips. The chart pattern identified is a falling wedge, which is typically a bullish reversal pattern. This suggests that the price may soon break out upward, signaling a potential trend change. Before reaching the target price, the pair is expected to undergo retesting, a phase where the price revisits key support or resistance levels to confirm the breakout's validity. Traders should monitor the breakout zone closely, as it could trigger significant price momentum. Risk management is essential due to potential volatility during the breakout and retesting phase. The falling wedge provides a favorable risk-to-reward ratio, making it attractive for long trades. Patience is key as the pattern unfolds and confirms. Watching volume during the breakout will provide additional confirmation. Overall, the CADCHF setup offers a promising opportunity for traders targeting long-term gains.
HIVE is Looking Bulish HIVEUSDT is looking bullish!
The Falling Wedge pattern has been completed, and the breakout is done. Current price is $0.62, with a target price of $1.06, representing a potential gain of 175%+. This breakout indicates a strong bullish reversal, and we expect HIVEUSDT to surge towards our target price. The setup is high-probability, and we're confident in our analysis. Stay tuned for further updates. Keep a close eye on HIVEUSDT. This could be a lucrative trading opportunity. Get ready for a potential price explosion!
DXY Is Going Up! Long!
Here is our detailed technical review for DXY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 108.922.
Considering the today's price action, probabilities will be high to see a movement to 110.143.
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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USOIL PredictionWelcome to our trading analysis! It’s great to see dedicated traders like you pursuing success with focus and determination. Trading is not just about profits—it’s about learning, adapting, and growing with every market movement. Today, we’re analyzing USOIL, which is currently trading at $74, with a bullish target of $100. The market is forming a falling wedge pattern, a classic bullish setup signaling a potential upward breakout. Before the price reaches the target, it needs to confirm a breakout from this wedge, which will mark the beginning of a strong rally. This pattern indicates a high reward-to-risk opportunity for traders who patiently wait for the breakout confirmation. Watch for strong volume and momentum during the breakout phase, as these are critical indicators of strength. Stay focused, trust your analysis, and remember that consistency and discipline are the keys to long-term trading success.
USDJPY Detailed Analysis And next Week PredictionWelcome to this detailed trading analysis, where your passion for mastering the forex market is truly appreciated. Trading is not just a skill but an art that requires patience, strategy, and perseverance, and by being here, you're already ahead in the journey toward success. Let’s dive into the USDJPY pair, which is currently trading at 157.200. The target price is set at 163.00 to 164.00, offering a potential gain of 500 to 600 pips, making this an exciting opportunity for traders. The pair is following a support and resistance pattern and is currently in a consolidation phase, where the market is preparing for its next significant move. Before reaching the target, we are waiting for a clear bounce from the support level, accompanied by a surge in trading volume, which will confirm the breakout. This setup requires patience and discipline, but the potential reward is worth the wait. Stay sharp, trust the technicals, and remember that success in trading comes to those who prepare and remain committed to their strategies.
XAU/USD toward $2500 before a new high!Gold's recent performance and future outlook continue to be influenced by a complex blend of technical indicators, macroeconomic events, and geopolitical factors. As of Friday, XAU/USD registered a slight retracement below $2,650 after a significant 1% increase on Thursday. The minor pullback coincides with a stabilization in the US 10-year Treasury yield around 4.57%, which traditionally exerts downward pressure on non-yielding assets like gold.
On the upside, gold faces key psychological resistance at $2,700. Conversely, immediate support levels are positioned around $2,640. A break below these levels could signal a deeper correction; however, current sentiment suggests resilience in the face of such potential declines.
Fundamentally, gold's stellar 27% annual return in 2024, the highest since 2010, underscores its renewed appeal as a safe-haven asset amid persistent global uncertainties. Geopolitical tensions remain a primary driver of demand. Recent reports about heightened US-Iran tensions, including contingency plans regarding Iran's nuclear facilities, increase the risk premium for gold. Additionally, the prolonged Russia-Ukraine conflict continues to foster a risk-averse environment, further bolstering gold's safe-haven allure.
From a global economic perspective, developments in China also play a crucial role in determining gold's trajectory. The anticipated rate cut by the People's Bank of China (PBoC), coupled with proactive measures to stimulate economic growth, is likely to support gold demand as a hedge against potential currency depreciation. Moreover, the Chinese government's commitment to fostering consumption growth through ultra-long treasury bond financing signals continued support for economic expansion, indirectly benefiting gold demand.
Upcoming macroeconomic events in the United States will be pivotal in determining short-term price action for gold. The U.S. Non-Farm Payrolls report is expected to provide critical insights into the labor market's health. A stronger-than-expected report could strengthen the US dollar, potentially capping gold's gains. Conversely, a weaker report may reinforce gold's appeal as a safe-haven asset. Additionally, the U.S. CPI release will offer further clarity on inflation trends, a key factor influencing the Federal Reserve's monetary policy stance. Higher-than-expected inflation could prompt the Fed to adopt more restrictive measures, applying downward pressure on gold, while softer inflation data may provide a supportive environment for continued bullish momentum.
In terms of market positioning, traders are advised to adopt a cautious approach in the short term, given the potential for heightened volatility surrounding key economic data releases. A hold rating is prudent for the next month, pending further clarity on macroeconomic conditions. In the medium term, a buy rating is justified, supported by ongoing geopolitical risks, persistent inflation concerns, and central bank gold purchases aimed at diversifying reserves. Over the long term, gold remains an attractive asset, with analysts projecting a 15% to 20% price appreciation over the next five years, driven by structural economic challenges and sustained demand for safe-haven investments.
BTC -USDT UPDATE on the 4th of JANUARY 2025 ! Trade closed with BTC -USDT UPDATE on the 4th of JANUARY 2025 ! Trade closed with a "healthy " profit...
"Inglorious" BTC again ! ;) Well Well Well.... Profit again ;)
Waiting for a new opportunities again...
I do hope you are in profit already... if not... You still got all year to do it ! ;)
PS: printer friendly "KISS" chart... & BTW...leverage *10 on Binance recommended... ;)
BNB - USDT UPDATE on 4th January 2025...Slowly slowly.... If you are in the trade already than congrats ! If not yet... Be careful & don't rush... Sometimes is a much better to look for something else instead of taking "halfway "trade already...
Don't rush... You still got all year to trade! ;)
PS: printer friendly "KISS" chart... & BTW...leverage *10 on Binance recommended... ;)
ATOM - USDT UPDATE for 4th of January... $ ---- 100%+ already...ATOM - USDT UPDATE on the 4th of January... What happened in the last 4 days ???
Well, account "went" double & plenty of room to go further....
I do hope you are all in the profit already... if not... blame yourselves only ! ;)
PS: printer friendly "KISS" chart
EURUSD Next Week PredictionThe forex pair EUR/USD (Euro vs U.S. Dollar) is currently trading at 1.03070 and is expected to move upwards with a target price of 1.09500, offering a potential gain of over 400 pips. The analysis is based on the falling wedge pattern, a bullish reversal pattern that typically signals an upcoming upward breakout. Before reaching the target, the price is expected to complete a retest, likely near the breakout level of the wedge. This retest confirms the validity of the breakout and strengthens the upward momentum. Traders should watch for confirmation signals during the retest, such as bullish candlestick formations or increased buying pressure. If the retest holds, it increases the probability of the pair achieving the target. Risk management is crucial to protect against potential false breakouts. This setup aligns with technical analysis principles, emphasizing the importance of patience and disciplined trading. A successful trade could yield significant returns in alignment with the bullish projection.
XAUUSD Detailed Analysis For the Next WeekXAUUSD refers to the exchange rate between gold (XAU) and the US dollar (USD), representing the price of one ounce of gold in terms of USD. The current price of XAUUSD is 2640, indicating the value of gold against the US dollar at this moment. The target price is set at 3000, meaning the price is expected to rise to this level in the near future. The gain in pips is 500+, suggesting a potential move of 500 pips or more from the current price to the target price. The pattern identified is a Bullish Pennant, a technical chart formation indicating a continuation of an upward trend. A breakout is expected before reaching the target price, which implies that the price needs to break through the upper resistance line of the pennant for the upward movement to continue. This pattern typically signals a consolidation period followed by a sharp move in the direction of the prevailing trend. Traders will watch for confirmation of the breakout before taking action. This analysis suggests a bullish outlook for XAUUSD, with strong potential for further upward movement.
Lingrid | AVAXUSDT potential RANGE BreakoutBINANCE:AVAXUSDT market has formed a double bottom on the daily timeframe and has been moving sideways below the psychological level of 40.00. Recently, the price rebounded from the channel border, suggesting a potential upward movement since the market has undergone a 38% correction from its previous high. I anticipate a breakout from the current consolidation zone, with the price possibly moving toward the channel border. My goal is the resistance zone around 45.50
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GOLD Will Go Higher From Support! Long!
Please, check our technical outlook for GOLD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,639.504.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,649.727 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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AUDUSD Will Go Up From Support! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.621.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.633 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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