Hellena | SPX500 (4H): Long to resistance area 6117 (Wave “3”).Dear Colleagues, I believe that price will still make new highs. I expect that the wave “5” of the middle order is not yet complete.
Perhaps the price will test the 50% Fibonacci level of 5847 and then start an upward movement to the resistance area of 6117 (Wave “3”).
This correction may not happen, then it would mean that the price continued the wave “3”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Signalservice
Hellena | GOLD (1H): Short to support area 2641.84.Colleagues, I believe that the price will continue the downward movement, but before this movement there is a high probability that the price will reach the area of 2734, then continue the downward movement.
There are only 2 options to enter the position.
Either you take a risk and enter on the market.
Or you wait for the local high of 2710 to be updated.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Is Gold's correction over?In my recent analyses, I warned that a significant correction in Gold prices was inevitable.
True to this prediction, the election of Donald Trump triggered a sharp 1,000-pip drop in Gold's value.
However, yesterday, the market rebounded strongly, recovering 700 pips from that initial decline.
The big question now is whether this correction has run its course.
In my view, we may have reached a bottom, and Gold could be poised to resume its overall uptrend.
I’m currently looking for buying opportunities on dips.
GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
GBPCAD Analysis and Next Move - BullishPair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBPCAD is ready to get good volume now and it has completed the retesting period.
This is ready to break the main trend line. That is main indication of this next bullish wave. We can see more than 300 Pips gain in this move after breakout.
Bullish Targets :-
1.82500
1.83000
Alikze »» SKL | Wave 3 or rising C scenario - 1W🔍 Technical analysis: Wave 3 or rising C scenario
News:
SKALE to Participate in Sawadee Web3 Gaming in Bangkok on November 12th
- It is moving in an upward channel in the weekly time frame.
- It is currently in the Support Zone with the formation of a higher floor.
-The previous corrective wave has completed a full cycle in the Support Zone.
💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase.
💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible.
⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated. ⚠️
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BINANCE:SKLUSDT
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
COIN Coinbase Global Options Ahead of EarningsAnalyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETH Diverges from Bitcoin: Is a 20% Downside Imminent?Currently, many altcoins, including Cardano, XRP, and Ethereum, are showing strong bearish signals . Using a straightforward indicator like the 200-day EMA on the daily timeframe, we can see that most of these coins are trending below this line, highlighting a consistent bearish bias.
Altcoins often follow similar trends, moving together with the overall market sentiment. With this in mind, we're screening for the best potential setup based on technical indicators. Out of all, we’re zeroing in on BINANCE:ETHUSDT which we believe presents the strongest opportunity right now. Let's dive deeper into its technicals.
With ETH/USDT in focus, the technical indicators reveal a clear bearish setup. The price is currently trading below a well-defined bearish trendline and the 200-day EMA, signaling sustained downside pressure. This bearish outlook is further reinforced by a Rising Wedge breakout, while a bearish MACD crossover highlights strengthening momentum in favor of the bears.
Given these aligned signals, there’s a high probability of a continued downward trend. Our first target sits at 2015.82 . From there, we may see a brief pullback into the green zone before ETH/USDT resumes its decline, potentially reaching the second target at 1834.62.
This outlook remains valid as long as the price holds below the stop-loss level at 2773.05
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
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.
Hellena | EUR/USD (4H): Short to support area at 1.06749.Colleagues, the US presidential election has made some adjustments to the wave markup and I now believe price is in a contested position.
I think that the downward movement will continue and the price will update the lows, but for now I expect the price to reach the support area at 1.06749.
If the price updates this level - I will consider that the price is in a complex correction and I will look for a long position entry, but for now I prefer short positions.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Alikze »» TAO | Ascending corner pattern - 1D🔍 Technical analysis: Ascending corner pattern - 1D
- In the analysis presented in the previous post , in the 4H time frame according to the direction of movement, after the short-term ascending channel was broken, a correction was encountered, which continued until the correction range of $217.
- Demand was met in the range of $217, which has continued its growth by forming a return pattern up to the range of $690.
- Currently in the supply zone, it has formed a bullish angle pattern.
- Therefore, I expect that after breaking from the bottom in the range of $500, it will face demand again and complete the 5-wave cycle up to the ceiling of the channel.
💎 Alternative scenario:
In addition, if the pattern breaks and there is no support in the range of $500, the correction can extend to the green box.
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BINANCE:TAOUSDT
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.
Politics vs Profits | The US elections & Crypto Harris, Trump, or Crypto ? Only One Goes Brrrr !
1/ The crypto market typically dips ahead of US elections
In 2016, there was a 10% dip, in 2020, a 6% decline, and so far in 2024, a 6% decrease. However, these drops aren't unusual; they can happen without clear triggers on any given day or week. So attributing extra significance to the current dip due to election is overblown it’s just business as usual in crypto
2/ The election results will trigger either a market boom or bust
Markets crave certainty over specific candidates. Once the election is over, investors can look ahead and allocate accordingly. In the grand scheme, Bitcoin and the wider crypto market don’t care who sits in the Oval Office. Whether it’s a red, blue, or mixed government, historically, crypto trends upward over time.
3/ Trump/Harris will be terrible for the economy
While Republicans and Democrats have vast differences (more so now than ever), unity isn’t our forte. How can we bring the nation together? Maybe start with a common interest and go from there
One thing’s certain, both parties have an affinity for money printing , While it’s a headache for the US’s debt situation, it benefits crypto.Why? Because a share of that newly minted money typically flows into crypto assets, which have limited or predictable inflation.
In essence, money printing devalues the US dollar but bolsters the value of scarce assets (like crypto) over time.Regardless of who wins, the money printer is expected to stay active.
While election may provide market clarity, it’s not a sure thing. Close elections can take days to finalize. So, if you feel like panicking, just remember this:
Zoom out → stay calm → remember…In the long run, crypto tends to prevail.
November is off to a roaring start with several significant market events – and that’s just in the first week! But before we look ahead, let’s review October to see where we stand:
1/ October Recap
Expectations were high for ‘Moontober,’ and it delivered (though gains were modest).
October saw:
- $ BTC up 11%, with the broader crypto market up 10%
- US Bitcoin ETFs purchased 5.83 times more CRYPTOCAP:BTC than was mined in October.
This demand and limited supply helped push the total crypto market cap out of an 8 month descending trend, signaling a potential reversal.
2/ Macro Outlook
Now, on to November. This week features two major macro events:
- US Elections – Tuesday, Nov 5th
- Rate Cuts – Thursday, Nov 7th
Markets expect a 0.25% rate cut. Though smaller than September’s 0.50% cut, it could ease market pressure.Lower borrowing costs reduce debt servicing expenses, freeing up cash for spending and potentially boosting both the economy and crypto markets.
The bonus? Historically, Bitcoin’s average return in November is +43%
If this trend holds, we could see CRYPTOCAP:BTC hit $100k by month’s end!
Cross your fingers, toes, and eyes!
3/ Token Unlocks
October had $5.4B worth of token unlocks, creating potential sell pressure. Thankfully, November’s unlocks are lighter at $2.6B, which may limit that pressure.
4/ Earnings Reports
This week brings earnings from:
- Franklin Templeton (managers of the AMEX:EZBC Bitcoin ETF)
- Arm (semiconductor architecture designers)
- Qualcomm (wireless tech products)
- Sony (self-explanatory)
But November 20th is the main event, with Nvidia ( NASDAQ:NVDA ) – the AI powerhouse – reporting earnings.That’s November in a nutshell.
We’ll be here daily with updates as events unfold
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603.
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to the resistance area 1.09508.Dear Colleagues. I have redrawn the waves and it seems that the price has not reached the minimum values yet. Apparently wave “4” is the longest correction we have had recently.
According to the data, the price tends to the area of strong resistance at 1.07575. This will be the completion of the corrective wave “C”. Then I would still like to see an upward movement with a renewal of the upper levels. At a minimum, I expect to reach the 1.09508 area.
A more risky entry into a long position is possible - from current levels.
And a more conservative entry is possible - from the area of 1.07575.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!