USOIL breaking through previous supportAs seen on chart, price has broken through the previous support at 71.50.
Next support is at 67.75, so that's the target for now. May close it earlier based on price action.
Support
NOT/USDT: POTENTIAL FALLING WEDGE PATTERN! ACCUMULATE HERE!!Hey everyone!
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NOT/USDT looks good here. It is forming a falling wedge-like structure in the daily time frame and currently hovering near the lower trendline of the wedge. It is a good area to accumulate some on the spot or with low leverage.
Entry range:- $0.0070-$0.0076
Target:- 150-200%
SL:- $0.006(For leverage)
What are your thoughts on NOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
AUD/CHF Testing Strong Support at 0.56750 with Bearish OutlookThe AUD/CHF chart shows a strong bearish trend, with the price having retested the 0.56750 support level twice. Despite this support, the downtrend indicates that the pair may break below this level. The expectation is for the price to move further down toward 0.56472 if the support is breached. This support level has held previously, but current momentum suggests a potential breakdown, aligning with the bearish trend.
AUD/NZD Approaching 1.08000 Support Level: Bearish Outlook AheadThe chart of AUD/NZD suggests that the price is approaching a key support level at 1.08000. After a recent downward move, the market is expected to retest this support zone. The downward arrow on the chart indicates an expectation of further bearish movement towards the 1.08000 area. This level could act as a potential reversal point, but a break below could lead to further downside pressure. The market structure appears to be in a corrective phase, with lower highs and lower lows forming.
Solana Bull Market IdeaThis idea shows a scenario of a possible start of the bull market. Solana has been moving sideways for a long time. I expect a manipulative event in the red square, like the Fomc event or a war event that will shake the last bull, but all this is preparation for the bull market event. The target is anything above the all-time high.
MKR/USDT 1WHello everyone, let's look at the 1W MKR to USDT chart, in this situation we can see that the price has returned to the downtrend, but we are still above the main uptrend line.
Let's start by setting goals for the near future, which include:
T 1 = $2,183
T 2= $2,548
T 3 = $3,121
AND
T 4= $3,554
Looking the other way, there is very strong support at $1,277, but if it is broken, the price drop may be much greater.
Looking at the RSI indicator, we see that it is at a very low level, which may result in a change in the direction of movement in the coming weeks.
RARE/USDT: POTENTIAL FALLING WEDGE PATTERN!!Hey everyone!
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RARE looks good here. Forming a falling wedge-like structure in 4hr time frame and currently hovering near the lower trendline of the wedge. Expecting a good bounce from here. Buy some here and add more in the dip.
Entry range:- $0.136-$0.143
Targets:- $0.168/$0.184/$0.202/$0.24
SL:- $0.129
Lev:- 2x-4x
What are your thoughts on RARE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
BTC/USDT 4Hello everyone, let's look at the 4H BTC to USDT chart, in this situation we can see the price keeps below the downtrend line.
Let's start by setting goals for the near future, which include:
Target 1 59354 $
Target 2 61918 $
Target 3 65572 $
Target 4 70217 $
Now let's move on to the stop-loss in case the market continues to decline:
Stop loss= 56,828 $
Stop loss = 54,943 $
Stop loss= 52,196 $
AND
Stop loss = 48,733 $
Looking at the RSI indicator, we see
That it is approaching the upper limit again, which may result in a price recovery in the coming hours.
PEPE/USDT: 300-400% RALLY IN Q4!!Hey everyone!
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Welcome to this PEPE/USDT analysis. PEPE is forming a symmetrical triangle structure in the daily time frame and is heading toward the triangle's lower trendline. We have a strong support here (Green box). Once it breaks out from the triangle, we can expect a 200-300% pump easily. Accumulate it in the green box and hold it patiently.
Entry zone:- $0.0000060-$0.0000070
Target:- 300-400%
SL:- Daily close below $0.0000050
What are your thoughts on PEPE's current price action? Share your analysis in the comments below!
BCCOIN/USDT: READY FOR ANOTHER BIG MOVE!!Hey everyone!
If you enjoy this analysis, a thumbs up and follow would be greatly appreciated!
BCCOIN looks good here. Forming a falling wedge-like structure in a 4-hour time frame and currently trading near the lower trendline of the wedge. Once it breaks out from the wedge, it can easily pump 200-300%.
Buy some now and add more in the dips.
Short Term Target:- $2.5-$3.5
Mid Term Target:- $7-$8
Long Term Target:- $15-$20
What are your thoughts on BCCOIN's current price action? Share your analysis in the comments below!
EURUSD 2 trading areasEURUSD seems to be exactly in the middle of 2 interesting trading zones. Not interested in any trades currently. We saw a strong break through the bullish trendline last week and it has been dropping since.
1) Waiting price action to see if we get a strong rejection to enter short
OR
Waiting price action to see if it breaks through and then wait for a retest to enter long.
2) Definite buying area, even if we don't see any bullish action first.
ETH/USDT: DAILY TECHNICAL ANALYSIS!!Hey everyone!
Appreciate a like and follow if this analysis helps!
ETH is currently trading around $2400 level. It forms a symmetrical channel in the daily time frame and approaches towards the channel's lower trendline.
As you see in the chart, it has a strong support of around $2100-$2300 level (Green Box). After we test this support, expecting a good bounce in quarter four of this year.
All we need to survive the next 20-25 days patiently. After that, we will see a huge upside in the crypto market.
What are your thoughts on Ethereum's current price action? Share your analysis in the comments!
Bitcoin - A clear reversal is needed for bullish trendBitcoin is currently trading in the support zone around the $58,000 range. This support level has been tested multiple times and has held strong each time.
For the bullish trend to continue, we need to see a clear reversal from this $58,000 zone. However, a breakdown from this support could push the price further down to the $54,000 range.
At this moment, it’s uncertain which direction the price will move, but I’m optimistic that it will trend upward since the support has held strong multiple times.
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Cheers,
GreenCrypto
Going to All Time High...NSE:METROPOLIS trade at 2135.
Support is at 1860
Resistance is at 2360
You can watch it going to all time high...
Trade in a Range...NSE:GALAXYSURF trade at 2935.
Support is at 2700
Resistance is at 3200.
You can watch it for next Resistance at 3500, After this it going to all time high...
Wait for Breakout...NSE:SRF trade at 2560 level. support is @ 2000 Resistance is @ 2800
Stock trade in 800 points range since last 3 years. You can watch it next resistance after breakout at 3200-3300.
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy.
Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction.
What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
BNB-USDT 1D ChartHello everyone, I invite you to a quick review of the BNB to USDT chart on a one-day time frame. As you can see, the price has set a new local upward trend line, which is important to stay in the upward phase.
After unfolding the Fib Retracement grid, you can see that the price rebounded from the level of $524, then the second support is at $500, the third support is at $477, and the fourth strong support is at $443.
Looking the other way, there is strong resistance around $561, but much more important is the level of $605 which has currently rejected the increases.
Wait for Breakout.....NSE:CANFINHOME trade at 880. Support is at 800. Resistance at 930.
You can watch it after breakout as a next resistance at 1100-1150
Retest Breakout Level....NSE:HINDALCO trade at 700 level. stock Resistance at 715. Support at 600.
When its break resistance level you can watch it as a next resistance at 900.
XAUUSD: Buy bullish in 2500-2505 area, target 2530Gold fundamentals:
The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold.
The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point rate cut. Rate cuts usually reduce the opportunity cost of holding gold, making gold more attractive as an interest-free asset.
In addition, Powell's dovish signal at the Kansas City Fed meeting has boosted demand for non-US dollar wealth storage tools. Futures traders expect a cumulative rate cut of about 106 basis points in 2024, which further enhances the market's bullish expectations for gold.
At the same time, the escalation of geopolitical conflicts in the Middle East and Russia-Ukraine has intensified the market's risk aversion and further promoted demand for gold.
Gold technical aspects:
In yesterday's gold analysis, I clearly mentioned the support strength of the 2500-2505 area, and this area has resisted the decline for many times without breaking, so we can still continue to believe in the support of this area. If it retreats to this area during the day, you can consider buying again.
Of course, we still need to consider the precautionary actions after the break here. Combined with the above analysis, my trading strategy today is similar to yesterday, as follows:
First of all, the main bullish, as long as the gold price retreats to the 2500-2505 area, you can consider buying, the target is 2530, 2550
On the contrary, if it effectively falls below 2500, you can choose to sell near 2500. What needs to be noted here is the effective break, not the false break
If you have different opinions or questions, please speak up, let's discuss the latest ideas of GOLD together
