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Gold- Ready for 2500Yesterday, XAU/USD broke back above the 2390 technical resistance and the significant 2400 level, closing the day on a strong bullish note at 2410. This price action suggests that the correction is over and bulls are ready to conquer new highs. At the time of writing, the price is at 2421, with technical resistance at 2430. Given the recent rise, a correction from that level could occur. However, it is very risky to sell at this resistance considering the strong bullish momentum. In my opinion, it is better to wait and buy on dips. An ideal level for buying is around the 2400 zone, but given the strong bullish momentum, the price might not drop that low. In conclusion, I am looking to buy during corrections trying to time my entries as the market flows.
OANDA:XAUUSDLong
by Mihai_Iacob
3
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.
FXOPEN:XAUUSDShort
by syomking76418
Gold- Higher low in place and back above 2400?In my yesterday's comment, I said that OANDA:XAUUSD could resume its bullish trajectory and buying dips could be a good strategy. Indeed, during the day XauUsd fell to 2370, however, bulls took control and closed the day at 2383. At this moment Gold is facing 2390 resistance again, a resistance that now is confluent with the falling trend line and a break above would confirm a higher low in place and a reversal to the upside. As long as yesterday's low remains intact so is my strategy: buying dips.
FX:XAUUSDLong
by Mihai_Iacob
4
Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March. Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break. The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high. In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins. P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you? Regards! Mihai Iacob
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
30
Lingrid | DOGEUSDT trend CONTINUATION opportunityBINANCE:DOGEUSDT has formed a triangle pattern, which often acts as a continuation setup in trending markets. The recent test of resistance at 0.14500 followed by a pullback to the support level suggests some consolidation in the market. On the weekly timeframe, the price has bounced off the demand zone, indicating strong buying interest and a potential reversal from lower levels. The series of higher highs and higher closes shows the bullish sentiment and suggests that the bullish trend is intact. If the price bounces off the support zone and the upward trendline, it may provide a solid entry point for a bullish move. A breakout of the triangle formation would further confirm this bullish outlook. My goal is resistance at 0.14400 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
Nasdaq could test the broken neck line levelLast week, the Nasdaq broke below the neckline of a head and shoulders (H&S) pattern, which took over a month to form. The price quickly accelerated to the downside, dropping almost 800 points. However, once the price approached the rising trend line of the channel (a channel that has kept the price elevated for the past nine months), buyers entered the market, and now the Nasdaq 100 is trading back above 19,000. This recovery could continue in the coming days, and a test of the broken support level is likely. Looking further ahead to the medium term, if the price reverses from that level and drops below 19,000 once more, a break below the support line of the channel becomes probable, potentially leading to a deep correction. For now though, as long as 18,700 remains intact, the bulls hold the upper hand.
PEPPERSTONE:NAS100Long
by Mihai_Iacob
1
UsdJpy could test 157,50 zone (250 pips rise)After an impressive 1000-pip drop in two weeks, USD/JPY reversed precisely from an old resistance level, now support at 152. At this point, we also see a higher low in place, and bulls seem determined to recover lost ground. In the overall trend, the 1000-pip drop is merely a correction and even if there will be a new leg down toward the important 150 level, a test of the 157.50 zone is probable. I remain bullish as long as the 152.80-153.00 zone holds intact. Buying dips below 154 could be a good strategy with a risk-reward ratio of more than 1:3.
Long
by Mihai_Iacob
2
Lingrid | EURUSD range BREAKOUT. ShortThe market has been showing sideways movement last week. On the weekly timeframe, FX:EURUSD formed a long-tailed bar, which is often indicative of a potential reversal, followed by a bearish candle. This pattern suggests a possible shift in market sentiment. The price has broken through the important zone at 1.08500, which was a key level. Given this breakout, it is likely that the price will continue to move downward toward the support level at 1.08000. I anticipate that there may be a pullback before the market moves below last week's low, confirming the bearish momentum. Keep an eye on any potential retracement that could provide an entry opportunity. My target is the support level at 1.08050 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10
DXY- Two important levels to watchIn last week's analysis of the DXY, I noted that the index had reversed back above support, potentially indicating a false break. Additionally, the smaller time frame charts are showing an inverted head and shoulders pattern. This idea remains valid, though with some reservations, as the right shoulder is taking too long to complete. This extended formation period is not ideal when trading a head and shoulders pattern. The key level I'm watching is 104.50. If there is a clear break above this level, I will look for opportunities to sell USD pairs, with a focus on GBP/USD. Conversely, if the index breaks below 104, I will look to buy USD pairs, concentrating on AUD and NZD. For now, it's best to wait and see where the break occurs. After such a long consolidation, the resulting move is likely to be strong.
TVC:DXY
by Mihai_Iacob
7
GbpUsd at critical supportAs expected, GBP/USD broke above the 1.2850 resistance level and surpassed 1.3. A correction followed, and now the pair is back at support, possibly retesting this level. However, the inability to stabilize above 1.3 and the fact that the DXY (US Dollar Index) experienced a false breakdown is not very reassuring for bulls. A break below this support would indicate a false breakout and potentially lead to further losses. Currently, I have a bearish bias for cable and am waiting for confirmation to open short trades.
Short
by Mihai_Iacob
5
Lingrid | BITCOIN Monthly CHART Signals SUPER BULLISH MomentumThe price perfectly fulfills my previous idea. It hit target level. On the daily timeframe, BINANCE:BTCUSDT is currently trading within a consolidation zone and has reached the upper boundary of this zone. Observing that the market has bounced off the top four times previously indicates that the fifth approach might lead to a breakout to the upside. As levels are tested multiple times, the likelihood of a breakout tends to increase. Looking at the monthly chart, the market appears very bullish, especially considering the strong July candle. With the Federal Funds Rate announcement scheduled for the end of this month, there is potential for the market to rally, possibly closing July above the consolidation zone and setting new all-time highs. Overall, I expect the market to move sideways for a bit before trending upward toward higher levels. My goal is resistance at 73740. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
6
Lingrid | BITCOIN Break and RETEST trading OPPORTUNITYThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT market has broken and closed above the critical 65,000 level, indicating a significant bullish move. On the weekly timeframe, we see a strong bullish close, which suggests that the trend may be continuing. However, on the 4H chart, we can see a bearish divergence, indicating that the market may be losing upward momentum. I expect the market to pull back to the previous day's low, where it will likely take some liquidity before retesting the higher levels. Specifically, I'm looking at the strong resistance zones around 71,000 and 72,000. My target is resistance zone at 69700.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Hellena | SPX500 (4H): Long to resistance area 5684. Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”. I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477. After that I expect to reach the resistance area of 5684. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
4
Alikze »» XAUUSD| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - Gold is moving in a descending channel in the 1H time frame. - It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger. - It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel. 💎 Also, if it breaks the red box area downwards, it can test the 2353 range. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« OANDA:XAUUSD
OANDA:XAUUSDLong
by alikze
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low. With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level. Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
COINBASE:ETHUSDLong
by Mihai_Iacob
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected. However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support. The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high. In my opinion, 300 is a reasonable target for Solana.
COINBASE:SOLUSDLong
by Mihai_Iacob
From Monthly to Daily: Bitcoin’s Bullish Surge Above $100KI'm not a "to the Mooner", and when I thought Bitcoin was going down, I said so, even though I knew I'd get some negative comments. I'm not a perma-bear either... In fact, at the beginning of this month, I mentioned that the break under 60k is most probably a false break. I try to stay as objective as possible, trading based on what I see rather than my biases, and right now everything I'm seeing looks extremely bullish I'll break down my analysis from monthly to daily because I believe all signs point to Bitcoin reaching 100k or more by the end of the year. Monthly Chart Analysis: Starting with the monthly chart, although I'm not an Elliott Wave (EW) expert, it's quite clear that from the 15,500 bottom, we have an impulsive EW structure. The first wave reached 31.5K, followed by a correction in the second wave down to 25K. Wave three then surged to 74K, and now we're experiencing the complex correction that typically characterizes wave four. Going further with basic Elliott Wave (EW) theory, Wave 1 shows an approximate 100% increase from 15,500 to 31,500. Wave 3 then surged from 25,000 to 74,000, an approximate 200% increase. After a correction in Wave 4 down to 54,000, we can now project Wave 5 using these percentage movements. Using the percentage increase of Wave 1 (100%) and applying it to the bottom of Wave 4 (54,000): - A 1.0x extension of Wave 1’s percentage increase suggests Wave 5 could rise by approximately 54k (54,000 * 1.0), reaching a target above 100k. - A more bullish scenario, using a 1.618 extension of Wave 1’s percentage increase, suggests Wave 5 could rise by approximately 90,000 (54,000 * 1.6), reaching a target of 144,000. Therefore, considering these percentage movements and the high volatility of Bitcoin, the potential target for Wave 5 could be between 100k and 150k, depending on market conditions and the exact nature of Wave 5. Weekly Chart Analysis: Refining to the weekly chart, we observe a notable upward movement from 25 to 74, followed by a correction that forms a bullish flag pattern. The bottom of this flag pattern aligns around the 38% Fibonacci retracement level, which is typical for flag formations. Additionally, from a price action perspective, the last three weeks exhibit strong bullish tendencies, with the current week presenting a bullish continuation Pin Bar. Applying the measured target for the flag pattern projects a value above 100k. If we were to apply a percentage-based target similar to the wave analysis, it would suggest 150k, but it's prudent to hold off on that projection for now (though this would approximately equate to a 1.6 extension from the monthly wave analysis). Daily Chart Analysis: Zooming in further to the daily chart, we clearly see a false break followed by a reversal back above 60k. The recent correction dropped to a horizontal support level, concluding with a Pin Bar. Adding to this, yesterday's bullish candle completes a strongly bullish Morning Star pattern, indicating a likely imminent break of the resistance level. Overall Perspective and Conclusion: Looking at Bitcoin's behavior from monthly down to daily charts, the outlook remains very positive. The long-term wave analysis suggests significant growth potential. On the weekly chart, the bullish flag pattern points to further gains, and the daily chart's reversal patterns reinforce this bullish sentiment. In summary, Bitcoin is showing strong signs of upward movement across all time frames. While conservative targets point to around 100k, the possibility of reaching 150k isn't off the table if the bullish trends continue. As always, it's wise to watch for key resistance breaks to confirm these bullish projections. Best of luck! Mihai Iacob
COINBASE:BTCUSDLong
by Mihai_Iacob
15