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Technical Analysis

[INTRADAY] #BANKNIFTY PE & CE Levels(26/12/2024)Today will be slightly gap up opening expected in banknifty. Expected opening near 51450 level. After opening it will face resistance at this level and expected downside from this level. Strong upside rally only expected if banknifty starts trading and sustain above 51550 level. Also, Major downside expected below 50950 level. Currently banknifty trading in between the zone of 51050-51450 level. Any major directional rally only expected after breakout this zone.
NSE:BANKNIFTY
by TradZoo
GOLD → One final step remains before a drop. The target is 2587.Hello, dear friends! Let’s discuss and strategize today's gold trading opportunities with Ben! As predicted yesterday, gold prices dropped to $2,608, delivering a profit of approximately 200 pips. This decline was driven by pressure from Wall Street’s underperformance, which bolstered the strength of the US Dollar and Treasury yields. Investors are now eagerly awaiting clearer signals about the Federal Reserve’s monetary policy for 2025. In reaction to these developments, the US Dollar Index rose by 0.4%, hovering near its highest level in over two years. This diminished gold's appeal for holders of other currencies. Additionally, the yield on 10-year US Treasury bonds increased, adding further weight to gold prices. Looking ahead, the market remains focused on the outcomes of last week's Federal Open Market Committee (FOMC) meeting. A more gradual rate hike trajectory for 2025 is currently under discussion, with speculation that the Federal Reserve may pause interest rate changes in January or March. From a theoretical perspective, in the face of a strong US Dollar, gold has limited upside potential. If sellers maintain resistance below $2,620 and push to break the support level, the pair could target $2,587 in the medium term. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
TradeCityPro | MATIC(POL) Fresh Look at MATIC During Christmas👋 Welcome to TradeCityPro Channel! Let’s analyze POL, formerly known as MATIC, due to your frequent requests. 😊 🌐 Overview Bitcoin Before starting, let’s take a look at Bitcoin. In the 1-hour timeframe, it is currently fluctuating below the 98807 resistance. This resistance has been tested multiple times, indicating a high probability of breaking through. It seems likely that Bitcoin dominance will increase along with this potential upward movement. Therefore, it might be better to either Open a position on Bitcoin itself, Look for altcoins that show a bullish trend against Bitcoin and take triggers to open positions, Just make sure to watch out for Bitcoin’s low volume. 📅 Weekly Timeframe MATIC, which once ranked well in the market, is now underperforming. The repeated blockchain hacks have caused significant damage to its ecosystem, leading to the rebranding from MATIC to POL. MATIC could have remained among the top 10 coins, but poor project management caused DeFi activities and TVL to shift to platforms like Solana, SUI, and Base. Personally, I wouldn’t consider buying MATIC unless its DeFi ecosystem becomes active again. For those interested in purchasing, buying above 0.7629 could be an option, but only if the volume increases for both the coin and its chain. If you have been holding MATIC for some time, I suggest selling below 0.3636 in the weekly timeframe. On lower timeframes, I can suggest other exit points. Alternatively, you can use DeFi platforms to create USDT liquidity using borrow & lend mechanisms. Note that MATIC faked the 0.3636 support and rebounded with a bullish engulfing candle, creating a new upward move. Personally, I might become interested in this coin after 1.2457. 🌞 Daily Timeframe After bouncing from 0.2922, MATIC had a solid upward movement. However, most coins experienced similar trends, so it cannot be said that MATIC outperformed. If the price doesn’t drop below 0.4738, it can be considered a sign of gradual recovery. This level is significant both from a Dow Theory and Fibonacci perspective. If 0.5794 resistance isn’t broken and the price gets rejected, there is a high probability of losing the 0.4738 support. I recommend selling your holdings if the 0.4738 level breaks and you have purchased at higher levels. However, if your entry was at 0.3623 or lower, you can continue holding and exit risk-free. ⏰ 4-Hour Timeframe MATIC is currently stuck below the 0.5316 resistance and fluctuates within the range of 0.4654 to 0.5316. 📈 Long Position Trigger I would personally avoid this coin due to its low volume. However, after breaking 0.5316, you can open a risky long position if you’re comfortable with the risk. I’d still prefer to long Bitcoin instead. 📉 Short Position Trigger given the weak condition of this coin, you can consider opening a short position below 0.4654. Keep in mind that your short trades should have quick profit-taking and small stop-losses to exit the market efficiently. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
COINBASE:MATICUSD
by tradecitypro
21
BNB/USDT - (25-12-2024) G-Money's short version analysis basedBNB/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only BNB/USDT still possible that is going return to the Enter level ... It is not too late to enter at the right time... What do you think? Comment and share your thoughts please! Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;) I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money... PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it. Merry Christmas to ALL !
Long
by G-money2022
XRP/USDT25-12-2024 G-Money's short version technical analysisXRP/USDT 2H G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only XRP/USDT still kinda on the watchlist waiting for a signal to enter trade. Some early/partial entries are done as well already. Still waiting for crossing & closing candle over "entry" level... What do you think? Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;) I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money... ;) Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $... PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it. This Technical analysis is my Christmas "Present" for You ! Merry Christmas to ALL !
Long
by G-money2022
TradeCityPro | RONUSDT Possible Market Movement During Christmas👋 Welcome to TradeCityPro Channel! Let’s examine another coin at the end of 2024, analyze its triggers, and set alarms to stay alert before the market moves. 🌐 Overview Bitcoin As always, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe. Today, we had a good upward wave toward the 99079 resistance with strong volume, but the 1-hour candle got rejected, emphasizing the importance of this resistance. As long as we stay above 96403, I will try to go long after breaking 99079 to follow the potential upward trend with lower risk. If Bitcoin dominance also turns red, I’ll use the 99079 trigger as a confirmation for altcoin trades. 📅 Weekly Timeframe On the weekly timeframe, RONUSDT is one of the bullish coins in the market. It performed well in 2023, climbing from a low of 0.405 to a peak of 4.264 with strong green candles. After forming this peak, it started its correction, and after touching 1.434, it created a support level. It briefly dipped below it, rebounded, and moved to the 2.305 resistance, which highlighted the importance of this level. The higher low for 2024 at 1.434, which coincides with the 0.382 Fibonacci level, suggests that if it breaks its peak at 4.264, we could target - 6.548 - 9.37 - 15.64 If you are holding this coin, I suggest taking profits and removing your initial capital. If the weekly candle closes below 1.434, sell your holdings. For those who don’t hold, 2.305 and 4.265 are great triggers. 🌞 Daily Timeframe On the daily timeframe, after being rejected from the 2.354 resistance (the top of the range), it returned to the midline, where it created a good candle and bounced upward. If it moves toward 2.354, it may create a higher low. After breaking 2.354, if you missed the entry, you can make a riskier buy based on the current low being formed and hold for the mid-term. If you entered inside the range due to FOMO, I suggest exiting if the 1.353 support breaks. Don’t hold onto a coin emotionally. ⏰ 4-Hour Timeframe On the 4-hour timeframe, we’ve finally formed a structure, and early triggers for movement can be identified. This setup is worth risking one stop-loss attempt. 📈 Long Position Trigger after breaking 2.074, enter early with confirmation from volume increase, RSI breakout, and overbought conditions. 📉 Short Position Trigger while I’m not focused on these, if a lower high forms or we get rejected at 2.074, the 1.827 trigger becomes significant for a risky short position. Remember to secure quick profits. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
17
Bitcoin price is on a crossroadHello, Traders! After reaching a new ATH at $108k, Bitcoin experienced a significant drop following Jerome Powell's speech that the Fed cannot hold Bitcoin and is not seeking to change that, which seems to have caused some uncertainty in the market. As a result, BTC price saw a steep decline, but it recently rebounded, almost touching the $100k level again. The current focus for Bitcoin is a critical support area at around $91k. This area has held up well in recent price action, and we saw a recovery bounce from this region again. There is a strong chance that BTC could revisit this support area in the coming days, and it could provide another opportunity for a potential rebound. This support area is essential because it represents a significant price range where buyers have stepped in to defend the uptrend. If Bitcoin does test this zone again and holds above $91k, the probability of a further upward move remains high. In addition to the immediate price action, there’s a key factor to consider: the monthly candle close. Bitcoin needs to close the current monthly candle above $96k for the market to maintain its bullish sentiment. A green monthly close at this level would provide strong confirmation that the overall trend remains intact and that BTC is on track for further price appreciation. The next few days are critical for determining whether BTC can sustain momentum to close the month in the green. If Bitcoin can hold above $96k by the end of the month, it would signal that the upward trend is still in play and that a continuation toward higher levels could be on the horizon. Looking ahead to next week, there are two possible scenarios: 1. Continued Support Test: Bitcoin may dip back towards the $91k support area. If this area holds strong, it could set up another bullish reversal, targeting a move back toward the $100k area or even beyond. 2. Break Below Support: If Bitcoin fails to maintain support in the $91k area, we could see further downside, potentially testing lower levels. In this case, caution is warranted, as the next major support zone would be considerably lower. Conclusion The next week could be crucial for Bitcoin’s price action. A monthly candle close above $96k would reinforce the bullish outlook, but if Bitcoin fails to hold support or closes the month in red, we may see more volatility in the near term. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
4
XAUUSD on the way to 2900 Price LevelThe currency pair in focus is XAU/USD, representing the exchange rate between gold (XAU) and the US Dollar (USD). The current price of XAU/USD is 2611, meaning one ounce of gold is valued at 2611 US Dollars. The target price is 2900, indicating a projected increase in gold's value to 2900 USD per ounce. The expected gain is 2000 pips, with each pip representing a small price movement in the currency pair. The pattern being observed is a Symmetrical Triangle, a chart formation that indicates a period of consolidation. In this pattern, the price moves between converging trendlines, suggesting that the market is uncertain and waiting for a breakout. A breakout occurs when the price breaks above the upper trendline or below the lower trendline, signaling a strong price movement. Traders are watching for this breakout, as it could push the price toward the target of 2900. The symmetrical triangle pattern typically leads to a significant price movement once the breakout occurs, making it a key technical indicator. This setup is used by traders to anticipate the direction of the next major move in the market.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
GBPUSD on the way to 1.34The currency pair in focus is GBP/USD, representing the British Pound (GBP) and the US Dollar (USD). The current price of the pair is 1.25, meaning 1 British Pound is worth 1.25 US Dollars. The target price is 1.34, indicating an expected price movement to 1.34, where the British Pound will be worth 1.34 US Dollars. The gain in pips is 400, meaning the price is anticipated to rise by 400 pips, with each pip representing a small movement in the exchange rate. The strategy being followed is based on support and resistance levels, which are key concepts in technical analysis. Support refers to a price level where the pair tends to find buying interest, while resistance represents a price level where selling interest is typically strong. This suggests the pair has recently bounced from a support level and is approaching a resistance level. If the price breaks through the resistance, it could move toward the target price. The pattern of support and resistance helps traders identify potential entry and exit points, guiding them towards achieving the 400-pip gain. This strategy relies on observing price trends and historical levels of support and resistance to predict future price movements. Good Volume Expecting.
Long
by AndrewsMarket-Mastery
LPTUSDT Ecpecting 30%+ Gain LPTUSDT, currently trading at $18. Analysts predict a target price of $26, indicating a potential gain of over 30%. This forecast is based on the coin's price movement, which is following a support and resistance pattern. Specifically, the price is bouncing off the support level, suggesting a potential upward trend. Investors may consider buying LPTUSDT at its current price, with the goal of selling at the target price to realize the predicted gain. To manage risk, a stop-loss order can be set below the support level. Overall, the investment strategy for LPTUSDT carries a medium to high level of risk.
Long
by CryptoWithJames
GOLD → Short to Medium-Term OutlookDear Traders, Ben here! Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward. On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
OANDA:XAUUSDShort
by Bentradegold
2