XRP|The possibility of starting a new BULLISH waveAfter the price reached the resistance area of 0.7154 in the form of an upward trend, we saw the return of the price, which is in the form of a descending channel.
The demand areas in the daily time have prevented the price of Ripple from falling further, which has gathered all the available liquidity in these areas in a last ditch effort to start an upward trend.
At the moment, we have to wait for the channel to break upwards, and in the return to valid support areas, we should enter into buying transactions to reach the price targets of 0.7154 and 0.8341.
Supply Zone
xauusd|Suitable positions to enter sales transactionsHi guys, I hope you are doing great.
We don't have very important news today, so I think gold will continue its trend slowly.
The resistance zones drawn on the chart, the first one is the resistance zone in the 15m time frame and the second one is drawn in the 1h time frame, consider these two zones, after seeing the candlestick patterns and receiving confirmation, enter into sales transactions, stop The loss is placed above the area.
Targets can also be seen on the chart. I hope you use this analysis and be profitable.
Hourly Falling wedge on GMELooking at a small breakout of a pretty large falling wedge on GMEs hourly chart. If it can break these two supply zones at $16 and $17, It may re-test those $18.50 levels again. I would keep an eye on this one. Also if you zoom out a bit more you will notice a massive double bottom... On the flipside, we are also still inside the weekly wedge with a bit more space to play. GLTYA, and Happy Anniversary!
Falling wedge breakout on TSLA hourlyLooking at the massive falling wedge breakout on TSLA hourly chart. Also notice the oscillator on the Ultimate RSI, just crossed north of 50 and looks like it wants to retest those +70 levels once again. The next supply zone sitting at $240-$242, if we break through that the next zone after that will be $248-$250, and if we break that we should see $255-$265. If not we will break back down to demand at $235-$230. This and NVDA breaking out, along with AAPL could bring a nice lift back up for SPY...
Bitcoin Dominance Bearish OutlookCRYPTOCAP:BTC.D most likely will drop and we will enter altcoin season.
Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.
The main target is around 39-40%, prepare for altcoin season.
EURJPY - Potential Bearish Control 🐻Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the red resistance and upper blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
BITCOIN|A correction and continuation of the BULLISH trendAfter reaching the 4H resistance zone, Bitcoin experienced a sharp drop.
In my opinion, this was a movement to correct the trend, and according to the previous analysis, we can hope for the continuation of the upward trend.
Continuing the movement of the new resistance area of 45100 and 46450 are still Bitcoin's targets for the future.
Zone of resistanceThe pair is heading to high resistance zone. It needs more consolidation to break it through. I think is goin to try a few times but it will end up pulling back to the blue line. I'll wait for some price action before open a short position. I'm keeping my eye on this one. Check out my related post about the dollar index lines below.
GOLDEN STAR|Important demand areas for entering sales orders.Here we currently have support from which we have seen upward scalp reactions.
-One point that we should consider is that the selling pressure is more on gold at the moment. Because of this sales transactions can have a higher winning percentage.
-To enter sell orders, we should consider the supply areas around the price of 2068 and the price area of 2074, of course, with proper confirmation.
If we want to say the important areas for entering into buying transactions, the price areas of 2048 and 2033 are valid areas for buying transactions.
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.
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.
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! 💹🚀