Supply Zone
XAUUSD BUY & SELL Scenario Hello Friends,
Another Gold analysis , So market is currently at 2065, our immediate supply level is 2068 which market has already reacted to. Should price go up then area around 78-81 would be good for a sell and also area around 84-88.
In case dollar strengthen we should expect a drop to around 55 and 45
So as always make sure you have these levels around for a trade but add your own logic and intuition into it.
Be honorable.
GOLDEN STAR|Bitcoin in the trading range areaBy reaching the specified support level, we expect bitcoin to start its growth from this area and after breaking the trending range, it will reach the resistance level of 45100 and then 46450.
-Be careful that we have to wait for the closing of the 4H candle to confirm the growth and reach the specified goals.
GOLDEN STAR|GOLD, Price return to the previous high.2090$.The four-hour time demand area has done its job well, and despite the hammer candle and BOS formation, it has started to grow from this area.
-In its movement path, the only resistance area ahead is the price range of 2070 to 2075, which is now invalidated by the closing of the 1H candle above the previous high.
-In the continuation of the movement, the supply area is no longer visible and we can see the price reaching the levels of 2085 and 2090.
NEAR START VOLUME INCREASEThank you for reading this update.
Depending on our study we see that NEAR has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
XAUUSDXAUUSD Looking for a possible drop after reaction to 1Hr proximal line of a supply zone... More than 300 pips drop
GBPUSD Continuing Bullish Momentum?The daily is still in a bullish pullback and it will probably continue to move upwards until it finds a strong supply area. Most likely at the 1.28500 area.
We can take advantage of this move by looking at the LTF and finding demand areas so we can take longs from.
AXP DOWN.As always, thank you for watching my charts and listening to my bias on this stock. I pray you and your family have a wonderful and blessed rest of your Christmas!
Looking for a short on SQ.
Hello, everyone, as always thank you for reading and looking at my analysis on $NYSE:SQ.
As you can see here on the daily chart, we are currently in a major supply zone. We are over-extended from the 200 MA, we are oversold, and the buying pressure on the MACD is slowing down. Now, all I am looking for is a strong bearish candle with a valid volume day to confirm that we are reversing to the downside. Now, with my style of swing trading, I do not set a stop-loss so make sure you ONLY risk what you are willing to lose. Thank you, again for joining me in my analysis of SQ. I pray you have a wonderful Christmas with your family.
Looking Bearish on UBER.
Hello everyone, thank you for taking time out of your day to read my analysis on $NYSE:UBER.
As you can see here on the daily chart, we are approaching a major supply zone. We are also very over-extended from the 200 EMA, extremely oversold, and it looks like the buying pressure on the MACD is slowing down. Now, all I would wait for is a big push (a strong bearish candle) out of this zone with a good amount of volume to verify the rejection. I would look to swing trade this position. As you can see here on the chart, the green line would be my Take-Profit because it was a previous point of resistance that we blew through. As always, again, thank you for reading and looking at my analysis on this stock. Merry Christmas and may God bless you and your family.
BIGTIME Speculative Play: Riding the Waves of Wave Structure! 🌊Introduction: 🌐 Brace yourself for a speculative journey with BIGTIME! The trader is eyeing potential opportunities as the coin forms a wave structure, currently undergoing a correction in the fourth major wave. Let's dive into the details of this speculative play.
Trade Plan: ✅ The trader plans to speculatively accumulate BIGTIME, perceiving the coin's formation of a wave structure and correction in the fourth major wave. The anticipated decisive turnaround is expected around the $0.472 level, marked by the 0.618 Fibonacci retracement.
Technical Analysis: 📊 Analyzing the chart, BIGTIME appears to be in the process of forming a wave structure, currently undergoing correction in the fourth major wave. The trader identifies the $0.472 level, corresponding to the 0.618 Fibonacci retracement, as the potential point for a conclusive reversal and the initiation of the fifth impulsive wave.
Risk Management: 🚨 Acknowledging the speculative nature of the trade, the trader suggests placing a stop at approximately $0.399 (below the moving average). This measure aims to mitigate risks associated with the speculative play.
Targets: 🚀 The trader has outlined potential targets on the chart, providing a visual guide for prospective gains. Entry into the trade will be executed through a single limit order.
Conclusion: 🌟 BIGTIME beckons speculative traders to ride the waves of its evolving structure. With a strategic entry around $0.472 and risk management in place, this play aims to capture potential gains as the coin moves towards the fifth impulsive wave. Get ready for a speculative adventure with BIGTIME! 💹🚀
UNFIUSDT: Riding the Trend Waves with a Long Position! 🚀💹Introduction: 🌐 Uniswap (UNFI) enthusiasts are gearing up for a potential bullish ride! The trader has initiated a long position from $7.837, with a stop-loss set at $7.792. Let's delve into the details of this trade on the 30-minute timeframe.
Trade Details: 💰 The long position (#UNFIUSDT) takes off from $7.837, secured by a stop-loss at $7.792. The decision is supported by the coin forming distinct local resistance levels, marked by clear touches and the accumulation of participant stops. The compression along the trendline indicates the presence of limit buyers keen on updating the highs.
Technical Analysis: 📊 Zooming into the 30-minute timeframe, UNFI has shaped several local resistance levels with evident touches and the stacking of stops. The compression along the trendline signals the presence of limit buyers, indicating interest in pushing for new highs.
Expectations and Strategy: 🎯 The trader contemplates a gradual approach, navigating along the levels and increasing trading volumes ahead of the breakthrough.
Trade Target: 🚀 The primary goal is to ride the trend waves, capitalizing on the compression along the trendline and achieving potential profits as UNFI aims for new highs.
Conclusion: 🌟 UNFIUSDT invites traders to join the journey of potential gains. Prepare for a bullish ride, watch for compression along the trendline, and get ready to surf the waves of upward momentum! 🚀💹
SOL Analysis: Navigating the $100 Milestone! 🚀💯Introduction: 🌐 Solana (SOL) has made an impressive journey, surging beyond the crucial $78 resistance and reaching the psychological milestone of $100. While breaching $100 remains a challenge due to profit-taking expectations, the analyst anticipates potential pullbacks from this level.
Key Levels: ❗️ The immediate focus is on solidifying above $80, ensuring a sustained upward bias. Maintaining this level is crucial for preserving the bullish outlook. Despite the struggle to breach $100, pullbacks are expected, given the profit-taking sentiment among many traders.
Short-Term Outlook: ⚠️ The primary goal is to establish SOL comfortably above $80, and ideally, surpassing $100. This strategy aims to secure an ascending priority, setting the stage for continued growth once profit-taking subsides.
Medium-Term Targets: 🎯 With a successful breach of $100, the analyst eyes medium-term targets at $120 and $140. These milestones appear achievable in the coming months, given the current positive trend.
Conclusion: 🚀 Solana enthusiasts are advised to closely monitor SOL's price action. The immediate focus is on consolidation above $80, with an optimistic outlook for breaching $100. As profit-taking stabilizes, the trajectory points towards $120 and $140 in the medium term. Stay tuned for further developments! 💹🌟
BTC Analysis (22.12): Bullish Flag Signals a Surge Towards $45-4Introduction: 🌐 Bitcoin (BTC) is painting a promising picture on the 4-hour chart with the formation of a "bullish flag" right above the breached resistance zone and below the -27% Fibonacci level. A breakout above the flag's upper boundary is anticipated to initiate a rally towards $45-46K.
Technical Analysis: 📊 The 4-hour chart showcases the development of bullish patterns, breakthroughs of crucial resistances, and compression leading towards potential bullish movements. The overall market sentiment is positive, with special mention of SOL, achieving the significant psychological mark of $100.
BTC ETF Approval Expectations: ⚠️ The anticipation of spot BTC-ETF approval early next year adds to the positive market outlook. This expectation, coupled with the formation of bullish patterns, contributes to the upward momentum, particularly in altcoins as BTC dominance locally declines.
Trade Scenario: ❗️ With a bullish flag in play, the analyst expects a breakout beyond $44K, paving the way for an ascent towards $45-46K. In the best-case scenario, a surge towards $48-50K is deemed plausible. These figures appear realistic, especially considering the positive ETF-related news.
Conclusion: 🚀 Bitcoin is gearing up for a potential surge, with the formation of bullish patterns and positive market factors. Traders are advised to watch for the breakout beyond $44K, setting the stage for an exciting journey towards $45-46K and beyond. Stay tuned for further updates as the market dynamics unfold! 💹🌟
ETH: Breaking Boundaries and Soaring High! 🚀💹Introduction: 🌐 Ethereum (ETH) is breaking free from the confines of a descending channel, signaling a pattern of continued upward momentum. Traders are eyeing a potential long entry, with the option to wait for a retest and bounce. Let's delve into the details of this exciting scenario.
Trade Details: 💰 Long enthusiasts are entering the scene, considering positions at ~$2300 - $2240 - $2200. The strategy aligns with the breakout scenario (as per the provided link) or opting to wait for a retest for a bounce.
Technical Analysis: 📊 Ethereum's price has breached the upper boundary of a descending channel, indicating a pattern conducive to sustained upward movement. The potential long entry points offer traders flexibility, either entering immediately upon the breakout or waiting for a retest.
Expectations and Targets: 🎯 Traders eye ambitious targets of $2340 - $2370 - $2400 - $2450 - $2500 as Ethereum ventures into a potentially robust bullish phase.
Stop-Loss: 👎 To mitigate risks, a stop-loss is set at $2150, safeguarding traders from unexpected market fluctuations.
Conclusion: 🚀 Ethereum invites traders to ride the wave of upward momentum. Whether you enter immediately or patiently wait for a retest, prepare for an exhilarating journey as ETH aims for new heights! 💹🌟
XRPUSDT: Ripple Effecting a Bullish Surge! 🚀💹Introduction: 🌐 Get ready for a ripple effect in the crypto markets with XRPUSDT! Traders are diving into a long position from $0.624, as the price transitions from a prolonged upward movement to a consolidation phase, marked by a bullish structural break. Let's explore the details of this potential surge.
Trade Details: 💰 The long position (#XRPUSDT) sets sail from $0.624, anchored with a stop-loss at $0.6. The rationale behind this move is the price's shift into a consolidation phase after a sustained upward movement, with an observable bullish structural break (BOS).
Technical Analysis: 📊 Zooming into the 1-hour timeframe, XRPUSDT has entered a consolidation phase, within which a bullish structural break (BOS) is apparent. The trader anticipates a continuation of the upward movement from current levels, aiming for a breakthrough and consolidation above the descending slope.
Expectations and Strategy: 🎯 The trader expects a 7.5% potential market movement, excluding leverage, as the price aims for a breakthrough and secure consolidation above the descending slope.
Trade Target: 🚀 The primary goal is to ride the ripple effect, capitalizing on the potential bullish surge and achieving a net market movement of 7.5%.
Conclusion: 🌊 XRPUSDT invites traders to ride the wave of potential profits. Prepare for a bullish surge, watch for the breakthrough and consolidation, and get ready to experience the ripple effect in the crypto markets! 🚀💹
LTCUSDT: Riding the Bullish Waves with a Long Adventure! 🐂🌊Introduction: 🌐 Get ready for an exciting adventure in the crypto seas with LTCUSDT! Traders are embarking on a long journey from $71.44, riding the recent upward structural break and the formation of a sloping support level. Let's dive into the details of this bullish odyssey.
Trade Details: 💰 The long position (#LTCUSDT) sets sail from $71.44, secured with a stop-loss at $70.36. The rationale behind this move is the local break in the upward structure (BOS), forming a sloping support level. Price retracements reveal manipulation around liquidity, signaling significant player positions.
Technical Analysis: 📊 Zooming into the 15-minute timeframe, LTCUSDT has locally broken the structure upwards (BOS) and formed a sloping support level. Price retracements indicate manipulation over liquidity, suggesting the accumulation of positions by a large player. A level is set at $71.98, anticipating stops from short sellers to act as a magnet for market makers.
Expectations and Strategy: 🎯 The trader anticipates price compression towards the level through the slope, expecting further breakthrough beyond.
Trade Target: 🚀 The primary goal is to ride the bullish waves, capitalizing on the structural break and exploiting potential liquidity traps.
Conclusion: 🌊 LTCUSDT invites traders to ride the bullish waves on this exciting adventure. Prepare for a journey of potential profits, watch for price compression along the slope, and get ready for a breakthrough beyond! 🚀💹
GOLDEN STAR|GOLD Move to the next goal-By passing the Mfomti area ahead, my idea for the next movement of gold is that, gold continues its upward movement, which is the next resistance area, which is the price (2069).
-By reaching this area, we can see the price return from this level.
-Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
BTCUSDT reached supply BTCUSDT seems to be reached supply zone. Price action drew a logical dynamical resistence line - top formation - in a confluent Elliot Wave count. USDT 40400 is a potential target for short swing trade in an possible impulse bearish.
WLDUSDT: Soaring to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for the next big thing in the crypto arena - WLDUSDT! Traders and investors eagerly anticipate a takeoff from the $3.79 level. Let's dive into the vibrant details of this promising trade.
Trade Details: 💰 A long position (#WLDUSDT) has been initiated at $3.79, with a stop-loss set at $3.78. Analytics highlight clear cascading levels and price compression towards robust resistance.
Technical Analysis: 📊 Zooming into the 5-minute timeframe unveils precise cascading levels and price compression towards formidable resistance. Anticipation is high for a breakthrough after multiple touches, potentially igniting dynamic growth.
Expectations and Strategy: 🎯 Traders gear up for a long position entry amid heightened tape activity. The plan includes patiently awaiting several resistance touches before executing the trade.
Trade Target: 🚀 The primary goal is to reach the $3.95 level, serving as a crucial indicator of a successful breakthrough and potential profit.
Conclusion: 📈 WLDUSDT promises exhilarating trading opportunities. Investors, get ready for a dynamic price action, keep an eye on tape activity, and prepare for possible triumphs in the market! 💹🌟
XAUUSDXAUUSD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 2016
What you guys think of this idea?
DXY (Dollar Index) Shorts from 103.300 down towards 101.500My bias for the dollar this week remains bearish, leading me to seek pro-trend trades from any proximate valid supply zones. With the recent reaction from my prior 3-hour demand, I anticipate the price to continue its ascent to address the imbalances above.
Subsequently, my expectation is for the price to undergo distribution within a supply zone identified on the 14-hour chart, providing opportunities for selling positions on the way down. While acknowledging the possibility that the price may not ascend as high and instead continues to drop, I am prepared to wait for a new demand zone to seize potential buy opportunities in such a scenario.
Confluences for DXY Shorts are as follows:
- Price broke structure to the downside on the HTF, confirming a bearish bias.
- There's lots of liquidity left below in the form of trend line liquidity and asian lows.
- There's a clean 14hr supply zone that has caused the impulsive move to the downside in which I expect price to react from next.
- Since there are imbalances beneath the supply, it's probable that once the price addresses them, a bearish reaction will ensue from the supply.
P.S. My bearish stance on the dollar persists, prompted by the recent structural break observed on the higher time frame (HTF). This strengthens my inclination toward bearish positions, making me more inclined towards considering long positions for pairs like GBPUSD and EURUSD. If you guys have another take on this market I would love for you guys to leave a comment!
USDJPY Shorts from 145.200 down towards 140.000USDJPY continues to display a strong bearish outlook as the price has once again broken structure to the downside, affirming a long-term bearish trajectory. Regarding potential opportunities around the current price, my strategy involves awaiting a price retracement to the nearest supply, identified on the 15-hour time frame. This scenario represents the next potential phase for the price to initiate a downward movement.
At present, I'm in a wait-and-see mode, anticipating the price to fill in the imbalance and undergo redistribution. This would serve as an indication that bullish pressure is diminishing, signaling the potential for another impulsive downward move. If the price proceeds further downward, I'm also prepared for a potential buying opportunity around the 7-hour demand zone near 140.000.
Confluences for USDJPY Sells are as follows:
- Price broke structure to the downside confirming a long term bearish trajectory.
- Dollar (DXY) looks like its going to continue a bearish trend which acts as a positive correlation for this pair.
- Lots of liquidity below that hasn't been taken on higher timeframes like trend lines etc.
- In order for price to continue in its bearish course it must retrace back to a major supply so it can create another impulsive move to the downside.
P.S. Being decidedly bearish on this pair, I am eager to observe the response from the 7-hour demand zone, situated at a significant psychological level of 140.000. Furthermore, the zone has initiated a Break of Structure (BOS) to the upside, providing an additional positive confluence that suggests the potential temporary holding of this zone. Feel free to share your thoughts on the USDJPY market in the comments below.
