Signals
Mew/UsdtBYBIT:MEWUSDT
### **Current Price & Market Cap**
- **Current Price**: $0.009406
- **Market Cap**: $836.30 million
At its current market cap of **$836.30M**, **MEW** is very close to touching a $1 billion market cap, which is a significant psychological milestone in the crypto world. 🚀 Achieving this could potentially trigger more attention from investors and push the price higher. This suggests that the structure of **MEW** is looking quite strong, and if the price holds at current levels, it could be a good sign for future growth. 📈
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### **Resistance Level: $0.012916**
- **Resistance** is the price level at which selling pressure is likely to increase, making it harder for the price to break through.
- If **MEW** can hold or break above **$0.012916**, it suggests bullish momentum. This level represents a point where price action has previously struggled to move beyond, so a successful breakout could mean further upside potential.
- If **MEW** manages to break this resistance level, the next targets could be higher, perhaps even driving the price towards new highs, especially if the market cap approaches $1B. 💥
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### **Support Levels: $0.007979 / $0.00600**
- **Support** refers to a price level where demand is expected to be strong enough to prevent the price from falling further. If the price drops to one of these levels, buying pressure could step in, creating a potential bounce.
- **Support Levels**:
- **$0.007979** is a key level of support. If the price dips below current levels but finds buyers here, it could stabilize and start moving up again.
- **$0.00600** is another crucial support range. If the price doesn't hold at **$0.007979**, this next level provides additional support before potentially falling further.
These support levels represent areas where the price could "bounce" if there’s enough demand to prevent further declines. If **MEW** holds around or above these levels, it could indicate a stronger foundation for future gains.
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### **Conclusion:**
- **Bullish Scenario**: If the price holds above **$0.009406** and breaks through the **$0.012916 resistance**, we could see **MEW** targeting new highs, possibly pushing closer to a ** SEED_TVCODER77_ETHBTCDATA:1B market cap**. This could trigger increased investor interest and lead to more upside momentum.
- **Bearish Scenario**: If the price fails to hold at **$0.009406**, look out for possible support around **$0.007979** or **$0.00600**. A breakdown below these levels could lead to further downward pressure and may require a new support level to be formed.
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As always, it's essential to keep an eye on price action and volume at these levels. Volatility is common in crypto, so it’s important to stay informed and make decisions based on your own risk tolerance.
**Disclaimer**: This is not financial advice. Always do your own research (DYOR) before making investment decisions. 📚🔍
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
JP MORGAN Expect a 1D MA50 correction before it turns into a buyJP Morgan Chase (JPM) posted a strong bullish leg on our last analysis (September 17, see chart below) that easily hit our $229 Target:
From a wider perspective on the 1D time-frame, the price is now right at the top of the 13-month Channel Up on an overbought 1D RSI and a 1D MACD that is about to form a Bearish Cross.
All previous Higher Highs of the pattern formed MACD Bearish Crosses and pulled back to the 1D MA50 (blue trend-line) on a minimum of -7.35% correction. Note that the 1D MA200 (orange trend-line) never broke, so as long as it holds, the long-term bullish trend is intact.
As a result, we now expect a pull-back to the 1D MA50 and a minimum of -7.35% decline puts the Target a $236.00.
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SOLANA Is this correction a buy opportunity??Solana (SOLUSD) is on a 5-day pull-back, along with the majority of the crypto market. It is still above both the 1D MA50 (blue trend-line) as well as the 1D MA200 (orange trend-line) coming strong off a 1D Golden Cross. Is this correction, however, a buy opportunity?
Well the last time SOL formed a Golden Cross on the 1D time-frame was exactly 1 year ago (October 22 2023), after coming out of a similar (blue) Channel Down and that initiated the massive October 2023 - March 2024 rally. That rally hit all Fibonacci extensions of the Channel Down successively (2.0, 3.0, 4.0) and consolidated on all of them. Even the 1D RSI sequences between those fractals are similar.
As a result, we expect Solana to hit $315 (Target 1), $515 (Target 2) and $830 (Target 3) within a 4 month horizon.
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AUDJPY Channel Up approaching its bottom.The AUDJPY pair has been trading within a Channel Up pattern since the August 05 Low and yesterday broke below the 1D MA50 (blue trend-line). The previous Low of the pattern was priced on the 0.618 Fibonacci retracement level as well as when the 1D RSI started rising after almost hitting the oversold (30.00) barrier.
As a result we are looking for a buy below 97.500, targeting 104.000 (just under the -0.236 Fibonacci extension, which was the last Higher High).
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NATURAL GAS Final push before peakingNatural Gas (NG1!) rose and hit our 2.900 Target called on our last analysis (August 29, see chart below) and after a pull-back, broke above the Triangle:
The Triangle transitioned to a Channel Up and the price is already near the end of its Bullish Leg. The 1W MA200 (red trend-line) is the long-term Resistance (untouched since January 17 2023) so only above it can we justify a new bullish trend.
Until then, our Target is 3.745, which represents a +99.50% rise from the last Higher Low, which is the same % rise as the first Bullish Leg of the Channel Up.
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DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low:
We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow:
As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time.
Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave".
Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017.
Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025.
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Lingrid | GOLD possible CONSOLIDATION phase. Potential ShotOANDA:XAUUSD market made a sharp bearish move, indicating a possible shift in momentum. Following the lower high, it appears that the market has entered a consolidation phase, particularly after breaking below the 2650 level with a strong bearish candle. A large triangle pattern around the psychological level of 2600 is certainly a possibility. Triangle patterns generally signify indecision in the market and can lead to dramatic moves once a breakout occurs. The daily timeframe showing a substantial bearish candle erasing the last three days’ gains further reinforces the bearish outlook. This strong price action may attract additional selling pressure, especially if the market remains below key resistance levels. With high-impact news volatility is expected. We should remain cautious and look for clear signals to confirm the next move. My goal is support zone around 2581.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPAUDHere is our view on GBPAUD . Potential short opportunity.
GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone ) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250 . Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level) . Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261 .
Keep in mind this trade will take some time to be completed.
PARAMETERS
- Entry: 1.94250
- SL: 1.95322
- TP: 1.91261
KEY NOTES
- GBPAUD is in a downtrend for the past month.
- Broke below the KDZ (Key Demand Zone) and is now retesting it.
- Breaks above our SL (Stop Loss) would result in higher prices and possible reverses.
Happy trading!
FxPocket
Lingrid | GBPAUD short from Psychological Level The price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently pulling back towards the resistance zone and the channel border. Before the market moved downward, it created a swap zone where the price changed direction. Overall, the market has been making lower lows, indicating a bearish trend. Recently, the price action made a false breakout above the previous day's high. I believe the market may create another false breakout at the channel border, following a retest of the psychological level at 1.95000. My goal is support zone around 1.92400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | SUIUSDT contraction EXPANSION pattern. LongBYBIT:SUIUSDT pulled back to the support level at 3.00, then bounced back by taking liquidity below last week's low. Additionally, the market formed a descending triangle pattern characterized by lower highs, indicating a price squeeze. Recently, the market broke the downward trendline, and I believe the price may rise further if it closes above this trendline. I expect the price to continue moving higher, as we are seeing a contraction-expansion price action pattern. My goal is resistance zone around 3.8300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EurUsd could correct higher (1.0670 target)The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330.
However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction.
Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone.
As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
Lingrid | USDJPY potential CHANNEL Breakout. ShortFX:USDJPY is indeed forming a triangle pattern, which often indicates a period of consolidation and price squeeze before a potential breakout. The lower highs suggests ongoing selling pressure, and the price remains trapped within the triangle, moving sideways just above the channel border. Given this context, it's likely that the market could break out to the downside. Price often tends to consolidate at significant levels before making a decisive move, and it seems that the current setup is no exception. If the triangle pattern continues to hold, we could expect the price to move lower to retest the downward trendline. My goal is support level at 149.200
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD recovered from $2,606, before a series of key weekly dataIn the Asian market on Wednesday (November 27), OANDA:XAUUSD Spot delivery is trading around 2,638 USD/ounce. During this trading day, investors will receive many important data such as the US PCE inflation index, which is expected to create great fluctuations in the gold market in particular and the financial market in general.
The US will release some headline data ahead of the Thanksgiving holiday today (Wednesday).
On Wednesday, the US will release a series of important economic data, with US PCE inflation data expected to receive the most attention.
Today, US durable goods orders for October, last week's initial jobless claims and third-quarter real GDP data will be released.
Surveys showed the U.S. monthly initial durable goods ordering rate in October was expected to rise 0.5%, compared with a 0.7% decline the previous month.
The number of Americans filing seasonally adjusted unemployment claims for the week of November 23 is expected to be 217,000, compared with 213,000 the previous week.
Additionally, U.S. real gross domestic product (GDP) in the third quarter is expected to grow at an annualized quarterly rate of 2.8%.
On the same day, the United States will release the personal consumption expenditures (PCE) inflation report for October. This is the Fed's preferred measure of inflation.
Surveys show that the US PCE price index in October is expected to increase 0.2% monthly and 2.3% annually. Additionally, the US core PCE price index in October is expected to increase 0.3% monthly and 2.8% annually.
The core PCE price index could cause a short-term market reaction, with investors expecting core PCE to rise 0.3% month-over-month in October, in line with September's gain. Data Stronger-than-expected data could boost the US Dollar in its initial reaction and drag gold prices lower. On the other hand, a level of 0.2% or lower could have the opposite impact on gold price action.
Expectations for the Fed to cut interest rates by 25bps in December are currently at 63.1%, according to CME group's FedWatch data.
Analysis of technical prospects for OANDA:XAUUSD
Gold recovered from the initial support level noted by readers in yesterday's edition at 2,606 USD and is now close to reaching the initial target resistance at 2,644 USD.
The recent decline has created a medium-term trend price channel for gold. This price channel is inclined towards the possibility of a decrease in price. Along with that, gold will also be under the current main pressure with the 21-day moving average (EMA21).
In the interim, gold still has room to recover as long as it remains above its original price point of $2,600, on the other hand if gold breaks $2,644 it could continue to recover a bit further with a target then around $2,663 The price point of the Fibonacci 0.50% is confluent with the EMA21.
However, in case gold falls below the original price point of 2,600 USD, it will be eligible for a new short-term down cycle to open, with a target of 2,591 USD in the short term, more than 2,538 USD.
During the day, gold's technical outlook leans towards price reduction along with the above recovery levels, notable points will be listed as follows.
Support: 2,606 – 2,600USD
Resistance: 2,644 – 2,663USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
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→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
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→Take Profit 2 2591
NAS100USD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for NAS100USD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 20,946.7.
Taking into consideration the structure & trend analysis, I believe that the market will reach 20,451.1 level soon.
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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USOIL Will Go Lower! Short!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 68.67.
Considering the today's price action, probabilities will be high to see a movement to 66.63.
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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EURGBP Will Move Lower! Sell!
Please, check our technical outlook for EURGBP.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.833.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.828 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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AUDNZD Is Going Down! Sell!
Please, check our technical outlook for AUDNZD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.111.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.108 level soon.
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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Breakout Signals via Asymmetrical AveragingSpecial Application of Average Bullish & Bearish Percentage Change Indicator
INDICATOR AVERAGES BULLISH AND BEARISH VOLATILITY SEPARATELY THROUGH THEIR NATIVE PAST CANDLE COUNT. NOT PERIODICALLY!
Asymmetrical averaging is a versatile technique that involves assigning different lengths for independent averaging of opposite market forces. This adaptability uncovers high-probability breakout signals by establishing a threshold that filters out irrelevant fluctuations.
Below, I illustrated 2 practical examples of the method applied to bullish and bearish breakout scenarios:
Bullish Breakout Example:
Set the bullish averaging to 30 and the bearish averaging to 1000.
If the bullish average consistently surpasses the bearish threshold, it indicates robust buying momentum and a potential breakout to the upside.
The extreme bearish average establishes a consistent baseline, filtering out short-term fluctuations and focusing on significant upward momentum to deliver reliable bullish breakout signals.
Bearish Breakout Example:
Set the bearish averaging to 30 and the bullish averaging to 1000.
If the bearish average rises above the bullish threshold, it signals growing selling pressure and a potential breakout to the downside.
The extreme bullish average provides a steady reference point, eliminating minor fluctuations and isolating significant downward momentum for dependable bearish breakout signals.
LINK TO THE INDICATOR: