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Ichimoku Watch: Salesforce Poised to Breakout Higher?Upcoming Earnings Salesforce, Inc. (ticker: CRM) is scheduled to report earnings after the market closes on 28 August. The consensus earnings per share (EPS) estimate for the fiscal quarter ending July 2024 is $1.73. The reported EPS for the same quarter a year prior was $1.63. Vulnerable Resistance? Resistance is currently being tested at US$263.42 but shows signs of giving way. While a head-and-shoulders top pattern was recently completed at the underside of the aforementioned resistance (this is more visible on the H1 chart), which could see short-term shorts enter the market and aim at the pattern’s profit objective of around US$253.63, sellers have been unwilling to demonstrate much commitment at resistance in recent trading. Ichimoku Support You can see price action closed above the Ichimoku Indicator’s Conversion Line (blue at US$260.27) as well as the Base Line (red at US$260.19), and the Ichimoku Cloud is seen nearby. This comprises the Leading Span B (light orange at US$251.40) and the Leading Span A (light green at US$260.33). As a result, the stock has sufficient support to withstand selling. Should a breakout to the upside occur, this could trigger breakout buy-stops and power a move towards the next layer of resistance coming in at US$279.28. Price Direction Although sellers may enter the market from current resistance, the nearby Ichimoku support and the lack of bearishness could eventually stir up a bullish move to target fresh resistance at US$279.28.
NYSE:CRMLong
by FPMarkets
LTC-USDT 4hI invite you to a quick review of LTC in pair with USDT, taking into account the four-hour interval. Visible, we can determine the local upward trend line above which the price remains. Just below the price there is support at the level of $60, then the second support is around $56 and then there is a strong support level at the price of $50. Looking the other way, similarly, after unfolding the fib retracement grid, you can see resistance at the price of $66, then the second resistance at $71, and then a strong resistance at $77.
by cryptodailyuk
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals: Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices. Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold. Gold Market Technicals: On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases. Trading Strategy: Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed. Support Range: 2500-2488, 2460-2475 Resistance Range: 2520, 2531 Intraday Risk Data: U.S. Initial Jobless Claims U.S. August PMI Data U.S. July Existing Home Sales Focus on Powell's speech tomorrow
OANDA:XAUUSDLong
by AntonyTP
MATICUSDT - The Perfect Breakout MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move. WE DO NOT ENTER RANGES UNTIL BREAKOUT. Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then the magic happened, it finally had it's breakout. Notice how the candles on the breakout were huge VOLUME CANDLES, that is exactly what we are looking for to enter trades. This is a fantastic trade to learn from, take your time, the trade will come!
M
by I3ig_Trades
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals: The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction. Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold. Gold Market Technicals: Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level. Trading Strategy: Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally. Support Range: 2500-2508, 2460-2475 Resistance Range: No resistance at historical highs If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
Bitcoin - A short term overviewBINANCE:BTCUSD (1H CHART) Technical Analysis Update BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target. - If price breaks down then the next support for bitcoin is around 55K range. - If bounces back from this range then next resistance is around 61K range. Let's see how this plays out. It looks like price will mostly bounce back from this range. This gives us a long opportunity Entry: 58K range StopLoss: 56500 TP1: 59000 TP2: 60000 TP2: 61000 Don't forget to keep stoploss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution. If it continues to rise next, as mentioned above, it is necessary to determine where the support is. From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480. After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
OANDA:XAUUSDLong
by AntonyTP
EURUSD BuyEurusd is consolidating over its 1 Hourly Resistance level and the volume is telling me that it will break above the resistance and will move to its daily Resistance level which is a clear buy but if it goes either way it will rally down to its Previous support but seems like it would rally up and break above the 1 Hourly Resistance level rally upwards to its daily global or physiological resistance level i would put my buys after breakabove retest and proper price action (bullish engulfing)
Long
by Wakeel_Saab
XRP/USDT 4H IntervalHello everyone, let's look at the 4H chart of XRP to USDT, because you can see that the price has broken out of the descending triangle. Let's start by setting goals for the near future that we can include: T1 = $0.59 T2 = $0.63 T3 = $0.68 AND T4 = $0.71 Now let's move on to the stop loss in case of further market declines: SL1 = $0.56 SL2 = $0.50 SL3 = $0.47 AND SL4 = $0.42 Looking at the RSI indicator, we can see that we are staying above the upper limit, which may indicate an attempt at price recovery.
by cryptodailyuk
XAUUSD: Return to the support area and consider whether to buyFriends in the channel know that my strategy has a high accuracy rate, even if it is not 90%, it is at least 80%. We achieved good results with our two short sales of gold yesterday. At the end, I made it clear that if the gold price breaks through the resistance range, it will test new historical highs again. Now the gold price is moving towards this prediction. Let me first explain that although I am bullish, the price is at a high level now, and I will definitely not choose to chase the rise. On the one hand, there will be 4 data released today, which has high uncertainty, and the market is very sensitive to data after the bombardment of data in the previous few days. Once the data does not meet expectations, it will fluctuate greatly. On the other hand, today is Friday, and it is hard to say that it will not fall by tens of dollars again like the previous Friday. Therefore, we must respond carefully today, just like I said before, "Don't do uncertain market, forced trading is very easy to lose money." This sentence is also for everyone! From a technical point of view, the Fibonacci retracement 0.5-0.618 line is in the range of 2459-2464, so I think the best place to buy today is here, or even lower. If nothing unexpected happens, I will intervene in this range. Resistance: above 2476 Support: 2450, 2430
OANDA:XAUUSDLong
by AntonyTP
#BTC: QUICK UPDATE! TESTING YOUR PATIENCE!!Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks. While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move. Key indicators to watch: RSI divergence: A bullish divergence on the RSI could signal a potential breakout. Volume profile: An increase in volume during consolidation can often precede a strong move. Patience is key. A breakout from the bull flag could lead to substantial gains. What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
ETH/USDT 4H chartHello everyone, I would like to invite you to a quick review of ETH/USDT, taking into account the 4-hour interval. As you can see, the price, despite the nice rebound, still remains below the downward trend line. Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204. Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
by cryptodailyuk
1
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold. Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone. I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
EIGHTCAP:XAUUSD
by I3ig_Trades
XAUUSD: Risk aversion heats up, continues to be bullishGold Market Fundamentals: Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to geopolitical risks has increased gold’s appeal as a safe-haven asset. The market now sees a 49% chance of a 50 basis point rate cut by the Fed in September. Falling U.S. Treasury yields are also supporting gold prices. Gold Market Technicals: Technically, the uptrend remains strong. After yesterday's rapid price increase, gold is facing resistance at previous highs. According to Fibonacci retracement, the 0.786 level is at 2456, which has shown some support but not strongly. The next strong support area is significantly lower than the current price. Trading Strategy: I have bought at 2461, targeting 2480 and 2500 Support Range: 2456, 2435 Resistance Range: Around 2480 Intraday Risk Data: U.S. July PPI If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis Description --------------------------------------------------------------- + Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone. + Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.7419 Stop Loss: 1.1308 ------------------------------ Target 1: 2.0901 Target 2: 2.5828 Target 3: 3.1821 Target 4: 4.6493 Target 5: 6.4239 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:SAGA2USDLong
by VectorAlgo
SUI - Strong upward momentum +300% Profit Target#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI had a strong reversal after hitting the trendline support, This strong reversal is showing overall healthy recovery for the SUI price. + i'm expecting this momentum to continue and hit the resistance trend line with the price target of $4 + This is a weekly chart analysis, it will take few months to reach our target. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.95 Stop Loss: 0.44 ------------------------------ Target 1: 1.2328 Target 2: 1.5592 Target 3: 2.1871 Target 4: 3.0679 Target 5: 4.0058 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo