USDCAD Sell Short (Final)I have been analyzing USDCAD for a while now and I believe this is the time for a double top to be formed and that M formation shall be taking place like the previous W pattern USDCAD has built up. As seen in the chart, USDCAD touched for a double bottom at 1.34213 which I predict that we shall be lead to that level again. USDCAD has far too long rallied and we should all be shorting this very top to make all our profits again. Rinse, repeat, and learn from these lessons in trading. I also wanted point out that in our analysis we have highlighted where previous support and resistances have broke out and lead to new higher highs and now lower lows when we come back down from this entry at 1.38973 I hope you all enjoyed our analysis! We also have included TP and SL in the chart and please follow our page for more signals like these! If you have any questions about this trade please send me a direct message and I will respond swiftly.
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USDT depegged today but Why?About 12 hours ago, whale"0x3356" created a new address to deposit 52.52M USDC and borrowed 40M USDT on Aave and Compound then he started depositing 40M USDT into Coinbase and Kraken 6 hours ago, USDT started depegging after whale"0x3356" deposited USDT to exchanges
and whale"0x3356" withdrew 25M USDC from Coinbase 4 hours after depositing USDT.
then about 5 hours ago, 2 whales sold a total of 9.6M USDT at a similar time after USDT depegged, CZSamSun shorted USDT on AaveV2 4 hrs ago,Whale"0xd275" started to borrow USDC from Aave and Compound and buy USDT for arbitrage after CZSamSun shorted USDT
USDT started back to the peg, but due to multiple FUDs, whales keep dumping USDT
USDT further depegged..
pro traders trade coins
legends trade stable coins
XAUUSD (GOLD) Reaching 3000$ this yearDear Traders,
Here's how gold could potentially reach $3000 (or rather, $3,000) by year-end if more rate cuts occur:
Lower Rates Mean Lower Yield on Alternatives: When central banks cut interest rates, bond yields often decrease, making non-yielding assets like gold more appealing as a store of value. Investors may shift toward gold, driving up demand and prices.
Weaker Dollar Effect: Rate cuts can lead to a weaker U.S. dollar. Since gold is priced in dollars, a weaker dollar often makes it cheaper for international investors, increasing demand and potentially boosting its price.
Economic Uncertainty and Inflation Hedge: With lower rates, there's a risk of rising inflation, as cheaper borrowing often fuels spending. Gold is seen as a traditional hedge against inflation, so as inflation expectations rise, investors may buy more gold to preserve their wealth.
Safe-Haven Demand: Rate cuts sometimes signal an economic slowdown or recession risks. In uncertain economic times, investors turn to safe-haven assets like gold, potentially pushing prices higher.
If the Fed moves toward significant rate cuts, each of these factors could align, creating strong demand for gold and possibly driving it closer to $3,000.
Greetings,
Zila
Is the Gold Rally Over? Preparing for the Next Wave of SellingSince the beginning of the week, I've been making the case that Gold's recent move has become overextended, and that complacency in the market often precedes strong reversals.
This type of overconfidence, where traders believe the uptrend will continue indefinitely, can lead to sudden and sharp corrections when sentiment shifts.
Indeed, after reaching yet another all-time high at 2758, OANDA:XAUUSD began to pull back. Once it broke below the key support level of the rising channel, the downward momentum intensified, leading to an accelerated sell-off.
This drop culminated in an intraday low of 2708—an impressive 500-pip decline from top to bottom.
Looking ahead, in my view, this correction is not over yet.
I believe we are likely to see a new wave of selling pressure in the coming sessions. The market may experience brief rebounds or retracements, but these should be seen as opportunities to position for further downside.
My strategy moving forward is to sell into this rebound, with negation if we have a new ATH. Until that happens, the primary target for this move remains the 2680-2690 support zone, which could provide a more substantial floor for the price in the near term.
EurCad could rise 200+ pipsSince late August 2022, EUR/CAD has been in a bullish trend, gaining approximately 1,000 pips. However, after reaching a local high in early August 2024, the pair began trading within a range, encountering clear resistance around the 1.5150–1.5200 zone.
Last Thursday, the pair rebounded from range support, forming a strong bullish engulfing candle on the daily chart, which suggests a promising outlook for continued upward movement. I am looking to buy on dips in EUR/CAD with a target around 1.5200, while the trade setup will be negated if the price falls below last week’s low.
A confirmed bullish signal would be a daily close above 1.5000.
Alikze »» DOT | Corner pattern in 4H time frame🔍 Technical analysis: Corner pattern in 4H time frame
- It is oscillating in a corner pattern in the 4H time frame.
- According to the hunt of the previous swing, as well as the correction to the green box area and the creation of demand, an upward movement cycle is observed.
- This motivational move can move up to the broken swing of the 4.145 range.
- In case of a break, the next target is the HL ceiling and finally it can continue its growth dynamics until the trigger.
⚠️ In addition, if there is a selling pressure reaction in dealing with the swing, the correction can continue until the green box area.⚠️
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MEXC:DOTUSDT
Alikze »» SEI | Double top - 1D🔍 Technical analysis: Double top formation in the supply area
- It is moving in an ascending channel in the daily time frame.
- The upward corrective wave has been able to return up to 0.50% of the Fibo of the previous wave, which has faced selling pressure in the supply area with the formation of a twin ceiling.
- Currently, with the failure of the negative line and selling pressure, if the price cannot stabilize above the 0.3906 range, there is a continuation of the downward trend up to the block order range.
- If it encounters demand in the green box area, it can have a return to the blue box area.
💎 In addition, if the selling pressure is sharp, the probability of breaking the green box area for the target is 0. 1954 will exist.
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BINANCE:SEIUSDT
GBPJPYHello guys TechPips here this is my personal view on gbpjpy market as been bullish on daily and they are beginning to lose momentum or Liquidity since new high as been created so I am expecting a bearish run on daily in this new week we are entering so in my 1hr timeframe I am expecting the bears to break the trend and redirect the trend then I will look for an entry to swing for few days.
NOTE : Risk management is Important in trading so kindly apply it if you are join the ride. All action made by you based on your capital is your responsibility so trade with caution and be smart in taking trades.
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 »» SOL | wave 3 out of 5 bullish scenario - 8H🔍 Technical analysis: The second bullish channel - wave 3 out of 5 bullish scenario
- According to the analysis presented by Solana in the previous post , the targets specified in the ceiling of the channel (the range of the first red box) were touched.
- It has now entered the second bullish channel with the break of the red box, which can continue with a pullback to the broken structure of this movement cycle.
- Therefore, according to the upward trend and the continuation of Solana's movement cycle, which is in wave 3 out of 5, the targets specified in the chart are within reach of the upward trend of Solana's currency.
💎 Objectives: The middle of the second ascending channel and then the ceiling of the channel and the specified supply area will be.
It is currently in wave 3 out of 5, which can crown the mentioned targets.
⚠️ In addition: if the Invalidation LVL area is updated and touched, the continuation of the upward scenario will be invalidated and must be checked and updated again.⚠️
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BINANCE:SOLUSDT
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.
JTOUSDT (Jito) Updated till 24-10-24JTOUSDT (Jito) Daily timeframe range. it will be more optimal for it to get out of 2.558. if so it will get more space to move around. alltho peoples are already packing if we check the volume. all it needs some money flow in alt mcap. or maybe some big guys push.
EUR/NZD's Bullish Signal: Targeting 1.84 with Strong Risk-RewardAfter hitting a local low near the 1.75 zone earlier this month, OANDA:EURNZD reversed to the upside, beginning its first leg of recovery and surpassing the key 1.80 level.
Over the past two weeks, the pair has been in a phase of correction and consolidation, hovering just below this important resistance.
However, yesterday’s strong bullish move may signal the end of this consolidation phase.
Looking ahead, I anticipate a new leg up, with the potential for the price to retest the 1.84 resistance level.
For traders, positioning with a stop-loss placed just below the recent low offers a compelling 1:4 risk-to-reward ratio.
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.
GBP/JPY Consolidation Tightens: Bulls Eyeing a Break Above 195.7After a strong correction and finding a bottom at 180 in early August, OANDA:GBPJPY began to recover, initially rising to the 193 zone.
Another leg down followed, but this time, bulls regained control at the 183.90 level, forming a higher low supported by a double bottom pattern.
The next upward move stalled at the 195 resistance, and the pair has since entered a consolidation phase.
However, the recent consolidation range is tightening, and it appears that the price is gearing up for an upward breakout.
I am slightly bullish on this pair, and a break with a daily close above the 195.70 resistance level would confirm this outlook, potentially leading to further gains toward the key 200 zone.
In the short term, interim resistance around 198 could also serve as a target for bullish traders.
Gold's Reversal Signals: Why I'm Watching for a Drop Below 2700?Yesterday, I mentioned that a correction in OANDA:XAUUSD seemed imminent, even though we didn’t yet have confirmation at that moment, and I emphasized that buying no longer appeared attractive at these levels.
Indeed, after reaching another all-time high of 2740 during the day, a strong sell-off followed, pushing the price down to the 2715 zone.
Currently, the bulls are back in control, but in my view, this looks more like a natural rebound aligned with the broader trend, rather than a renewed surge in buying interest.
The 2740 level now serves as significant resistance, and a fresh reversal from this zone could very well occur.
For the bulls, the key support level lies in the 2725-2730 range. A drop below this zone would signal the beginning of a potential new downward move.
From my perspective, I'm focused on selling opportunities.
A break below 2700, with a move toward the 2685-2690 support range, is what I’m closely watching for.