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BTC Quick Update: Bull Flag Breakout in Sight, Targeting $80k!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this quick BTC Update! BTC is currently trading around $67.5k and moving within a bull flag structure on the 4-hour time frame. A breakout from this flag is still pending, and there’s a chance we might see a brief drop to FWB:65K on Monday before a breakout occurs. Once this bull flag breaks, the target is set at $80k. Entry Range: FWB:65K -$66k Target: $80k Invalidation: 4-hour close below FWB:65K What do you think of BTC’s current price action? Are you seeing this bullish setup as well? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
Technical Analysis of Coca-Cola (KO)The stock ( KO ) is currently in a retracement phase from its all-time highs reached in September 2024, having momentarily paused at previous relative highs. Given Coca-Cola’s long-term uptrend, we can identify several key support levels where the retracement may halt and resume its upward trajectory: SUP 1 : The first support area could be the current level, marked as SUP 1. SUP 2 : The second area is around $64, labeled as SUP 2. Analyzing the Volume Profile, we notice significantly higher volume levels here. POC : Just below SUP 2, we find the POC (Point of Control) area in the Volume Profile, located around $60. SUP 3 : Another support level, marked as SUP 3, is around $57. In the worst-case scenario, a drop down to SUP 3 would represent a drawdown of around 20%. Historically, Coca-Cola has seen similar drawdowns of 15%-20% and even as much as 40% at times. The final potential support area is between $54-$53, corresponding to a secondary peak in the Volume Profile and an area where the stock has previously found resistance. This scenario would reflect a drawdown of about 30% An additional note: the SUP 2 and POC levels align precisely with the 0.382 and 0.618 levels of the Fibonacci Retracement indicator.
NYSE:KOLong
by Giovanni_Bandini
XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Short
by saeedalipour93
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
1
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit. Let's start by setting goals for the near future, which include: T1 = $1664 T2 = $1982 T3 = $2,503 AND T4 = $3,327 Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
COINBASE:MKRUSD
by cryptodailyuk
ETH - What's next ?#ETH/USDT #Analysis Description --------------------------------------------------------------- + ETH has been trading within a range for over 2 months now. + The highest price reached was around $2800, and the lowest was in the $2100 range. + Currently, the price is in a downtrend, heading towards the support zone around the $2200 level. + We can expect an immediate reversal from the $2200 range. + This seems to be the final downtrend for ETH, and once it bounces from the support, we can anticipate it reaching the resistance zone and potentially breaking out with ease. + Let's see how this scenario unfolds. --------------------------------------------------------------- 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
2
NEIRO/USDT: Bull Flag Pattern: Could We See Another 50%+ Surge?Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! NEIRO is looking strong right now! It’s forming a bull flag structure on the 4-hour time frame and is currently trading near the lower trendline. Last time we saw a similar setup, NEIRO surged by 60-70%, and I’m expecting a similar move this time. Consider accumulating within the green box. Entry Range: $0.00162 - $0.00172 Targets: $0.00194 / $0.00218 / $0.00242 / $0.00275 Stop-Loss: $0.00148 Leverage: Keep it low (Max 5x) What do you think of NEIRO’s price action? I’m seeing a strong bullish setup here! Share your insights and analysis in the comments below!
Long
by CoreCrypto1
Is EUR/USD oversold? Time to Buy?Is EUR/USD oversold? Time to Buy? EUR/USD has been experiencing a robust downtrend on the 30-minute chart since 30 September. This bearish movement was triggered after the pair encountered a significant resistance area, forming a double top configuration on the daily chart. From a 30-minute perspective, EUR/USD has remained on the same side of the 200-period moving average for 710 candles, indicating that the pair may be in an oversold condition and that the downtrend could be maturing. Statistically, most directional movements typically accumulate between 300 and 400 candles on one side of the 200-period moving average. Shift from Seller to Buyer Interest: Since the inception of the downtrend, this marks the first instance where EUR/USD has made an upward move that corresponds to the preceding downward move. This development signals a potential shift in market sentiment from bearish to bullish and could also be interpreted as a bullish engulfing pattern. Currently, EUR/USD is situated in the 38.2% Fibonacci retracement level on the 30-minute chart, which may serve as a support zone. Key Levels to Monitor: The main areas of interest for today are 1.0830 and 1.0850, which have the potential to support the price action. A buying opportunity could materialise if EUR/USD manages to break above 1.0855. Should this occur, it may lead to an upward movement towards the 1.0945 area later this week. Conversely, an alternative scenario may unfold if EUR/USD breaks below 1.0820, which could prompt a decline towards the 1.0775 region within the week. Treading Carefully Amidst Potential Changes In summary, while EUR/USD is currently entrenched in a downtrend, emerging indicators and patterns suggest the possibility of a trend reversal. Traders should remain vigilant around the critical levels mentioned, as these will be pivotal in determining the pair's next movements. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
EU Double Top Breaks Rising Support, 300+ Pip Sell Set-Up!Here I have FX:EURUSD on the Daily Chart! After last weeks Double Top was Confirmed, we see Price make a Bearish Break to and through the Rising Support created by the April, June and August Lows. -The Testing Candle alone generates ~500K in Selling Volume making the Rising Support weak enough to then Break Down to where price sits now. Applying the Fibonacci Retracement Tool from the Higher High @ 1.12138 to the Lower Low @ 1.08107, we can see a couple things: *23.6% Level sits right at the 200 EMA which is curving down and Price is now trading Below *38.2% Level sits right in the center of the Resistance Zone created from the March Highs *50% Level is at the Higher Low that was Broken to Confirm the Double Top I suspect that Price will need to Retest the Break of Rising Support before it can continue to Push Down! Potential Set-Up: Sell Entry 1.09058 (23.6%) - 1.09647 (38.2%) SL - 1.10112 (50%) TP - 1.0665
Short
by Novi_Fibonacci
Anticipating Short-Term Prospects: What's on the Horizon?Kaspa indicates a bearish bias, particularly with the potential for further downside if the reverse cup and handle formation plays out. However, there is a possible bounce scenario near the key support around $0.125, which aligns with a long-term ascending trend line. If buying pressure increases, the price could see a bounce from this area, potentially targeting the $0.146 to $0.160 resistance levels. The 20 EMA (red) is currently below the 200 moving average (purple), indicating continued bearish momentum. The price has recently rejected the 200MA, suggesting that this moving average will be a key resistance level on any bounce. Breaking above the 200MA at $0.146 would be critical for signaling a potential shift in momentum to the upside. The BB Power indicator shows stronger selling pressure than buying pressure, reflecting ongoing bearish sentiment. This adds weight to the downside risk, though a bounce remains possible if the price holds support at $0.125 and selling pressure weakens. Additionally, it’s important to keep a close watch on Kaspa since it seems volatile at the moment. Don't doubt the signs but hope for the best for a continuation in the upward trend. Support - $0.125 Resistance - $0.180 Fear and Greed Index (Binance) - 72 Greed
by LOWCO_487
Uptrend or Fadeout? Learn the Key to Catching Market Breakouts1. Recognizing Market Structures: Uptrends and Downtrends Higher Highs (HH) and Higher Lows (HL): These are signs the market is in an uptrend—prices keep moving up, forming new highs (peaks) and lows (dips) that are higher than the previous ones. Think of it like climbing stairs: each step higher shows the market’s strength. Lower Highs (LH) and Lower Lows (LL): When prices stop climbing and start forming lower peaks and lower dips, it signals that the market might be slowing down or reversing into a downtrend. In the chart: The first part shows a bullish (upward) move with Higher Highs and Higher Lows. Later, the market shifts to lower highs, signaling a potential slowdown or shift toward a downward move. 2. What Is the LQZ (Liquidity Zone)? Liquidity Zone (LQZ): This is a key price area where a lot of trading activity happens—like a hotspot where buyers and sellers clash. When price reaches such a zone, it either breaks through and keeps moving in that direction (bullish continuation) or bounces back down (rejection). Think of it like a soccer goal line: if the ball crosses the line, the team scores a goal (bullish move); if it’s blocked, the ball goes the other way (bearish move). In the chart: The LQZ is highlighted as the key level to watch. A clean breakout (with more than just a quick spike or wick) signals that buyers are strong enough to push the market higher. If the price gets rejected at this zone, the sellers regain control, and the market might move down. 3. Scenarios: What Happens Next? The chart offers two possible outcomes based on how price behaves near the LQZ. Bullish Scenario: If the price breaks above the LQZ and stays there, it’s likely to continue upward towards: Target 1: 2,661.38 Target 2: 2,673.60 These are the next levels where buyers might take profits or where new sellers could appear. Bearish Scenario: If the price gets rejected at the LQZ and drops lower, it could move towards: Bearish Target 1: 2,569.49 Bearish Target 2: 2,546.25 This suggests the sellers have taken control, pushing the market down. 4. How to Know When to Enter a Trade? The chart highlights the importance of waiting for confirmation before jumping into a trade. Here’s a simple trade plan: For a Buy (Long) Trade: Wait until the price breaks above the LQZ and stays above it. Enter on the first pullback (dip) after the breakout—this is often called a flag or retest. For a Sell (Short) Trade: If the price gets rejected at the LQZ, wait for a clear downward movement. Enter after the first lower high forms, confirming that the sellers are in control. Why wait for confirmation? Jumping in too early might cause you to get caught in a false breakout or fake move. Think of it like waiting to see which team scores first before betting on the game. 5. Avoid Emotional Trading and Manage Risk This chart reflects a key lesson: trading is a game of patience and probabilities. If the trade doesn't go as expected, it’s important to step back and wait for the next opportunity. Don’t chase trades just because you fear missing out (FOMO). You might enter too soon and hit your stop loss unnecessarily. Risk Management Tip: Use stop losses to protect your account from big losses. Avoid placing multiple risky trades on the same pair just because you’re impatient. It’s better to wait for high-probability setups. 6. Summary: A Simple Trading Plan Watch the LQZ level: If the price breaks above, look to buy on the next dip. If the price gets rejected, look to sell when it starts forming lower highs. Set Clear Targets: For bullish trades, aim for Target 1 and 2 above. For bearish trades, aim for Bearish Targets 1 and 2 below. Don’t Rush: Wait for clear confirmation before entering. Follow your trading plan and avoid emotional decisions.
OANDA:XAUUSDEducation
by Adlercon333
Title: Key Support Levels for Short and Long Positions: CriticalIt seems we have experienced enough upward momentum, and now, with the support level at 66,842, a short position can be considered. However, since this position goes against the main trend, it’s crucial to set a tight stop-loss to manage risk and ensure an early exit with a favorable risk-reward ratio. The next support level for this strategy could be 65,359.8. On the other hand, if you're planning to open a long position, you might consider entering at 67,898.7, but be cautious with the stop-loss placement. A wider stop-loss would be advisable, possibly below 66,687.4, to allow room for market fluctuations.
by saeedalipour93
NZDUSD ready to go up after failing to make new lows?NZD/USD has experienced a decline of 5.12% since 27 September, establishing a bearish trend line on the 4-hour chart. However, on 10 October, the pair began to break out of this bearish trend line, signalling a potential pause in the prevailing bearish momentum. On 15 October, NZD/USD retraced, forming a double bottom pattern on the 4-hour chart. Notably, the price was unable to breach the previous support level of 0.6050, suggesting stabilisation in the market. The Relative Strength Index (RSI) indicated a value of 21.06 on 24 September. By 15 October, the RSI had risen to 34.10, demonstrating higher lows in the RSI while the price made lower lows — a condition that characterises classical bullish divergence. CPI Data and Its Impact From a macroeconomic perspective, the release of the Consumer Price Index (CPI) data came in lower than expected (0.6% actual versus 0.7% forecast), which tends to be negative for the NZD and that is what caused the downward movement on October 15th. However, since the price failed to break below the previous low, this shows that the selling force is currently showing signs of exhaustion. Key Elements to Consider: 1. Significant downward movement since 27 September, resulting in a depreciation of over 5% in NZD/USD. 2. RSI reading below 30 on 10 October, suggesting exhaustion of the selling momentum. 3. Breakout from the downtrend line on the 4-hour chart. 4. Formation of a double bottom pattern on the 4-hour chart. 5. Classical bullish divergence is observed on the 4-hour chart. Potential for Ascendancy Given the above elements, if NZD/USD manages to surpass the 0.6090 level, it is likely that the currency pair will ascend towards the 0.6160 region within the coming days, where it may face temporary resistance. A Bullish Turn on the Horizon? In conclusion, while recent indicators and patterns suggest a potential bullish reversal for NZD/USD, traders should remain cautious of external factors that may influence market dynamics. As always, close monitoring of price action and macroeconomic developments will be key in navigating this trading opportunity. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
1