Lingrid | AUDJPY pullback TRADING opportunityThe price is currently in a strong downtrend and is pulling back to resistance after breaking out of a range zone. FX:AUDJPY experienced a significant decline, then tested the upper boundary of the downward channel before rebounding. Given the current fundamental and technical outlook, I believe the price is likely to continue downward and test the support level. I expect a price rebound from the resistance area above 98.000, which coincides with the channel boundary and the downward trendline. My goal is the support level at 93.000
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Lingrid | BNBUSDT fake BREAKOUT of the SUPPORT levelAs the entire cryptocurrency market plunged, BINANCE:BNBUSDT also experienced a significant nosedive, breaking below the previous month's low. However, the market quickly rebounded, taking liquidity below the key level at 450. On the daily timeframe, a large long-tailed bar formed, indicating a rejection of lower prices at this support level. Additionally, the market has tested the 61.8% Fibonacci retracement level of the bullish move that was formed between October 2023 and June 2024. Overall, I believe that the recent price drop was nothing more than a healthy correction. My target is resistance zone at 550
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NOTUSDT(Notcoin) Updated till 07-08-24NOTUSDT(Notcoin) Daily timeframe range. PA is fairly new so there are lots of opportunity here from both sides. even tho market had trouble, the range played out well. now it did retraced from 0.00932 thats local low. trying to get to 0.01291 thats recent resistance.
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.
Lingrid | EURUSD closed ABOVE the July HighFX:EURUSD is currently experiencing a pullback from the psychological level at 1.1000. On the daily timeframe, the market successfully broke and closed above the July high, which is a bullish signal. However, on the 1H timeframe, the price has dropped below the July high, introducing some caution. If the market continues to drop, it may lead to a period of consolidation. Given the strong bullish momentum, I'm looking for a buying opportunity around the support level of 1.09000. This could be confirmed by rejection candles, such as long-tailed bars or engulfing candles, indicating a potential reversal and an entrance for long positions. My goal is the resistance zone at 1.09910
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Hellena | Oil (4H): Short to support area 72.631 (Wave 3).Dear colleagues, I am still hoping for a downward movement, it's just that I have revised the wave formation because the price has gone quite high.
At the moment, I believe that the price is now completing the movement in the senior wave "2". After reaching the resistance area of 84.00 - 85.00, I expect the beginning of the big wave "3"!
Therefore, I suggest to take what happened as an opportunity to enter a short position in the most profitable way!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Alikze »» XAUUSD| Reverse pattern🔍 Technical analysis: Reverse pattern
- It was mentioned in the 1H time frame according to the analysis presented before . that wave C can extend as a three-wave or five-wave to the green box range target.
- As you can see, wave C has corrected in three waves and accelerated to the green box.
- Currently, there has been a return wave after creating demand in the green box.
- Considering that it has had a three-wave correction up to the golden zone, it can be expected to have a movement cycle up to the 0.78 Fibo range.
💎 In addition, in case of failure of Fibo 0.78, it can advance to the specified supply area.
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OANDA:XAUUSD
Lingrid | LINKUSDT bounced off the DEMAND zoneBINANCE:LINKUSDT has bounced off the demand zone, which was tested last time in October 2023. The price skyrocketed from these levels last year and reached the price level at 22.0. We can observe that the market liquidated a significant number of long positions. On the weekly timeframe, the market filled the gap zone between 8.0 - 9.0 and moved above the psychological level of 10. I expect the market to continue moving higher, as the daily candle closed with a wick, indicating rejection of lower levels. My target is the resistance zone around 12.0
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STORJUSDT(Storj) Daily tf Range Updated till 06-08-24STORJUSDT(Storj) Daily timeframe range. the entire market is having trouble now. it tried to break its local low 0.2905 but retraced back.
close to its recent resistance 0.4303. 0.2905 was a good entry made some profit their. but visiting again their will add more risk.
Alikze »» ONDO | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- According to the analysis presented in the previous post, after breaking the major ceiling, it continued to grow until the middle of the channel.
- Currently, it has faced correction in the daily time frame after the break of the medium-term ascending channel.
- Now it is moving in a descending channel, which after reacting to the major ceiling several times, faced increasing selling pressure, which finally broke it down after forming a corner pattern.
- Now, in the area where the movement originates, there is a relative demand, which can have a pullback with a broken structure, and if the selling pressure continues, it will continue to correct until the green box.
💎 Alternative scenario: if it can break the supply area, it can continue to grow up to the range of 1.17 and then up to 1.36.
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KUCOIN:ONDOUSDT
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.
Alikze »» XAUUSD| Wave B of corrective C🔍 Technical analysis: Wave B of corrective C
- According to the analysis presented before , in the 1H time frames, wave B has been able to have a three-wave upward correction.
- This correction has continued almost slightly above the 0.78 Fibo of the previous wave.
- It is currently broken below the 0.78 area with a selling pressure candle on the 1H time frame.
- According to the FVG gap in the 1H time frame, this return can be to fill the price gap.
- Therefore, I expect that considering that a BB occurred in the 15min time frame, the price faced selling pressure again after meeting the 0.78 fibo intersection and this correction took place in the form of a reversed wave C.
- Due to the fact that wave A from C was accelerated, wave 3 from C can move down as 3 waves or 5 waves.
💎 In addition, if the price can penetrate above Fibo 0.78, wave B can extend beyond wave A and then we have the structure of wave C correction, which will be updated in this case.
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OANDA:XAUUSD
Lingrid | GOLD Weekly Price Action AnalysisThe last monthly candle closed bullish, despite two rejection candles in the past. On the weekly chart, OANDA:XAUUSD has finally closed above the 2420 level, which it has struggled with since April, signaling a strong bullish sign. Additionally, it broke and closed above the previous week's high. However, on the daily timeframe, the last two candles are doji, indicating indecision. This is likely due to the week being filled with high-impact news events. Next week may be slower, given the volatility we've experienced recently.
Despite the selling pressure, the overall trend remains bullish. I believe the market may form a trend continuation pattern, such as a triangle formation. After a sharp move, prices tend to consolidate, suggesting the potential for a range pattern. Overall, I see short-term pullbacks as likely buying opportunities. The recent jobs report increases the likelihood of the Federal Reserve cutting rates next months. The psychological level at 2400 acted as significant support, and despite market volatility, gold remains above it.
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Lingrid | EURUSD pullback CONTINUATIONThe price perfectly fulfilled my last idea. It played out nicely; it hit the targeted level. The market gapped up this morning, and FX:EURUSD has rebounded off the support level at 1.08000. On the daily timeframe, we can see a strong bullish candle that has broke through the last month's high. The 4H timeframe also reflects a bullish trend, and a breakout above the resistance level at 1.0900 indicates a continuation of this upward momentum. Meanwhile, the TVC:DXY has bounced off a strong resistance zone, suggesting that it might test lower levels. Overall, I expect a test of the psychological level as well as an upward channel. My goal is the resistance at 1.10000
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Set to Overcome Resistance, Aiming for New Highs?Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD
USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352.
Additional Information:
The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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 USDCAD."
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OKB | The Best Crypto Exchange token The price of OKB is 53 today with a 24hour trading volume of 144 million dollar . This represents a 13% price increase in the last 24 hours and 170% since last year
bear market is the best time to assessment and judge crypto projects and exchanges now lets look at Performance of cryptocurrency exchange platform coins in the past 360 days
OKB -8%
BNB -20%
HT -58%
CRO -82%
FTT -95%
OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx.The OKB token plays an important role in the OKEx ecosystem, It allows users to receive up to a 40% discount on transactions The OK Exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx has become a world-leading trading floor since its launch in 2017.Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. long story short the team and founders are pros.
the daily vol and most indicators are bullish and positives and Okb is ready for higher targets like 55 and 57$
XAUUSD OUTLOOK - August 4 2024With the month of August rolling over, we have already seen massive sell offs for individuals looking to get into premium long positions. At this stage, the market is highly sensitive and we will be looking for continuation longs into new ATH territory once our lower retracements and POIs have been met.
- Long considerations at 2400~2410, 2430~2440.
- Short considerations at 2460s & 2440s.
FORUSDT(ForTube) Daily tf Range Updated till 04-08-24FORUSDT(ForTube) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trying to get over 0.01725 for a while now but lack of volume is a problem. 0.01209 is a old support that needs to hold or else back to price discovery.
Lingrid | GBPAUD long from the SUPPORTFX:GBPAUD is currently moving sideways following the pullback from the resistance zone, which has resulted in a complex pullback formation. The price has shown respect for the upward trendline, and I believe it may rise to test resistance if it pulls back to the support zone. I'm looking for a pullback opportunity, and I expect to enter a long position from there. My goal is to resistance 1.97430
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Lingrid | EURUSD potential LONG from SUPPORT levelThe price perfectly fulfilled my last idea. It hit the target level. FX:EURUSD has broken through the previous week's low, creating an impulsive leg down but later it quickly rolled back and closed above it. On the 4H timeframe, we're seeing a divergence at support level. The price has fallen below range zone and may retest the middle of that zone and even move higher. I believe the market could pull back from the pschological level at 1.08000, especially if upcoming news is favorable. I anticipate that the price to move higher since we have long-tailed bar at support that showed a fake breakout. My goal is to resistance zone at 1.08900
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ELFUSDT(aelf) Daily tf Range Updated till 03-08-24ELFUSDT(aelf) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trapped between 0.3762-0.4634 for a while now. staying above 0.3762 will eventually give a chance to try again at 0.4634. need retail interest there.
Alikze »» XAUUSD| Completion of leg 3 or C...?🔍 Technical analysis: Completion of leg 3 or C
- According to the analysis presented in the recent posts here and here , after the completion of the wave B, a rising leg C or 3 was formed, which has so far returned more than 1.618 of the previous wave in the supply zone.
- Considering that a bearish candle is formed in the 4H time frame, any upward correction can be to collect liquidity for a short-term correction.
- Therefore, I expect the correction to extend at least to the compression area of 100 fibo of the previous wave and touch the next level or the next node in case of selling pressure.
💎 In addition, if confirmed, this ascending cycle can be the format of its movement, which can form the next ascending leg, which will be updated if the behavior and structure of the post changes.
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OANDA:XAUUSD