[INTRADAY] #BANKNIFTY PE & CE Levels(27/01/2025)Today will be gap down opening expected in index. Possible banknifty will open near 48000 level in today's session. After opening if it starts trading below 47950 level then further sharp downside rally expected of 400-500+ points. Any bullish side movement only expected if banknifty starts trading and sustain above 48550 level.
Technical Analysis
AAVE │ 26.01.2025Coin: BINANCE:AAVEUSDT.P
Trade Setup
Key Level: 324.26
Conditions for Level Breakout:
Yesterday's close was not far from the level.
The close was at the very bottom.
The instrument was not allowed to move upward (24.01.2025).
There is ATR reserve.
The level has been clearly confirmed twice.
After the false breakout, there was no strong correction.
There is strong accumulation.
pre-breakout base is forming.
Comment
If the instrument calmly accumulates above the level, and the approach to the level is not accompanied by high volatility, I will wait for my entry point into the market.
If something goes against the scenario, I won’t open the trade.
Right now, it’s crucial for the instrument to move sideways calmly without making any sudden moves.
It’s also worth remembering that today is a weekend, and the market is not as active as on weekdays.
My Understanding of Trading
The exchange market is a battlefield between buyers and sellers, each trying to buy low and sell high. Market movement occurs from one key level to another.
My job is to identify these levels and determine who is stronger at the moment: buyers or sellers.
I use Binance futures data for analysis and trade based on the "level breakout" strategy. In my posts, I describe the scenarios I expect to see on the chart. If the market matches the scenario — I open a position, if not — I stay out of the market.
My approach is not based on luck, but on a deep understanding of the market and its movements. If you find this approach useful, follow me to receive high-quality trade ideas and join the conversation!
Disclaimer
This is not financial advice, just trading ideas based on my personal analysis. All decisions are made at your own risk, and I am not responsible for any outcomes.
Mon 27th Jan 2025 GBP/AUD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/AUD Buy. Enjoy the day all. Cheers. Jim
Nightly SPX/SPX/SPY Predictions for 1.27.2024🔮
📅 Mon Jan 27
No major U.S. data
🌍 Global Watch: ECB signals 2025 rate cuts (25–50 bps expected).
📅 Tue Jan 28
⏰ 10:00am ET
📊 CB Consumer Confidence: 105.9 (prev: 104.7)
🌍 Global Watch: Eurozone inflation rises to 2.4% (stagflation risks).
📅 Wed Jan 29
⏰ 2:00pm ET
📊 Federal Funds Rate: 4.50% (prev: 4.50%)
📜 FOMC Statement
⏰ 2:30pm ET
🎙️ FOMC Press Conference
🌍 Global Watch: ECB downgrades 2025 GDP to 1.1% (Germany recession).
📅 Thu Jan 30
⏰ 8:30am ET
📊 Advance GDP q/q: 2.7% (prev: 3.1%)
📊 Unemployment Claims: 221K (prev: 223K)
🌍 Global Watch: ECB rate decision (25–50 bps cut expected).
📅 Fri Jan 31
⏰ 8:30am ET
📊 Core PCE Price Index m/m: 0.2% (prev: 0.1%)
📊 Employment Cost Index q/q: 0.9% (prev: 0.8%)
🌍 Global Watch: Eurozone Q4 GDP forecast: 0.3–0.4% (spillover risk).
💡 Market Insights:
📈 GAP ABOVE HPZ:
A further gap up would lead to it holding for a little, then dropping back down into the EEZ.
📊 OPEN WITHIN EEZ:
Hard to move up higher, so will slowly chop down to the Cushion levels.
📉 GAP BELOW HCZ:
Due to the ongoing momentum, we will get a slight recovery but still drop and chop back down into the lower range.
#trading #stock #stockmarket #today #daytrading #charting #trendtao
NEAR Price Outlook: Support, Resistance and Alt Season PotentialHello, Traders!
NEAR Protocol has been underperforming during this cycle, showing notable weakness compared to some other assets in the market.
However, it still holds potential for an upside move, especially if we witness a proper altcoin season.
Currently, NEAR is trading around a strong support area in the $4.50–$5.00 price range.
This area has historically been significant, and it seems unlikely that buyers will allow the price to break below it.
If an uptrend is to occur, it is most likely to begin from this area.
The $4.50–$4.80 zone presents an attractive accumulation range for mid-term investors, especially for those looking to position themselves ahead of any potential recovery.
However, for NEAR to convincingly shift into an uptrend, it must reclaim and sustain a position above the $6.00 resistance level.
If the price manages to break and hold above this threshold, we could see NEAR retesting its recent highs around the $8.00 level, with the possibility of pushing even higher depending on market conditions.
It's essential to note that NEAR overall remains weak.
Any significant upside movement would likely require BTC.D to drop below the 55% threshold, signaling a favorable environment for altcoins to rally.
Until then, NEAR is more likely to remain range-bound or continue its downtrend.
Please don’t forget to boost this idea and leave your comments below.
Analyzing Tesla (TSLA) Weekly Chart: Key Observations and TrendsFrom the weekly chart shared, Tesla (TSLA) has recently shown intriguing price action, with some potential bearish signals emerging. Here’s a breakdown of what the chart suggests and what it could mean for the stock’s direction moving forward.
Key Observations:
1. Strong Uptrend with a Pullback
Tesla has experienced a significant rally, moving well above its key moving averages. However, the recent price action suggests a pullback from the high near $488, which could signal consolidation or the beginning of a deeper correction.
2. Short-Term Bearish Indicators
▷ The latest weekly candle reflects selling pressure, hinting at potential downside in the short term.
▷ There’s visible resistance near $488, which could act as a potential short-term top unless the price breaks above this level.
3. Support Levels to Watch
Several key support zones are apparent on the chart:
▷ $375-$380: Aligns with the short-term moving average and could act as the first line of defense.
▷ $330-$350: A strong zone of support near the medium-term moving average.
▷ $300-$310: A major psychological level and close to the longer-term moving average, which is critical for the broader bullish trend.
Potential Descending Triangle Formation
On closer inspection, the chart hints at a potential descending triangle, which is a bearish pattern. This is characterized by:
▷ Flat Support at $400: The price seems to be testing this level repeatedly.
▷ Lower Highs: After reaching the $488 high, the stock is forming a series of lower highs, signaling weakening momentum.
If the pattern plays out, a breakdown below $400 could trigger further downside. Using the triangle’s height (approximately $88), the target could be around $312-$325, aligning with a strong support zone.
Risks if $300 Support Breaks
While $300 is a key support level, a breach below this level could lead to a spiral of selling pressure . This would put Tesla’s stock in a vulnerable position, potentially targeting much lower levels. The $300 mark represents a major psychological and technical zone, so a breakdown here could significantly damage market sentiment.
If this occurs, Tesla could spiral into a more pronounced downtrend, with no clear bottom in sight until it stabilizes at significantly lower levels, potentially revisiting areas around $250 or lower.
What to Watch For:
1. Confirmation of the Bearish Triangle
▷ A break below the $400 level with high volume would confirm the descending triangle and suggest further downside.
2.Invalidation
▷ A breakout above the descending trendline (lower highs) would invalidate the bearish scenario, signaling renewed bullish momentum.
Final Thoughts:
While Tesla remains in an overall uptrend, the short-term bearish signals and the potential descending triangle formation suggest caution. If the $400 support level holds, it could lead to consolidation or a bounce. However, a breakdown below this level could accelerate the decline toward key support zones around $312-$325.
If $300 fails to hold, the stock could spiral out of control, triggering panic selling and pushing prices toward much lower levels. Traders and investors should monitor these critical levels closely and plan their strategies accordingly.
TradeCityPro | MANAUSDT Potential Fake Breakout of Support👋 Welcome to TradeCityPro Channel!
Let’s analyze MANA, one of the metaverse-category altcoins in the cryptocurrency market. Recently, I’ve had a feeling that we might witness a fake breakout in the market.
Scroll Down to Check Out the Analytical Chart as Well!
🌐 Overview Bitcoin
As always, we start with Bitcoin’s 1-hour timeframe, which is currently in a calm state with no significant fluctuations, essentially ranging.
If the 104227 trigger breaks and a lower high is formed, you can open a scalping short position, but make sure to secure profits quickly. For long positions, I plan to open one after 106498, as Bitcoin dominance is likely to rise, making Bitcoin my primary focus.
📊 Weekly Timeframe
On the weekly chart, MANA remains within a 200% range box, recently rejecting from the box's ceiling.
I’ve already bought some MANA, but my main trigger for significant buying is a breakout above 0.7638. I don’t pay much attention to fluctuations inside the range box. After breaking the box ceiling, MANA could easily yield up to 600% profits depending on token count and market cap.
If you’ve already bought within the range without sufficient momentum, consider setting your stop-loss below 0.2519. For re-entry, as mentioned earlier, wait for a breakout above 0.7638, where I’ve set my alerts.
📈 Daily Timeframe
On the daily chart, after breaking our daily trigger at 0.3390, which was also the box ceiling, we witnessed an impressive move, gaining 130% up to the box ceiling at 0.7833.
This demonstrates why it’s better to buy after a momentum-driven breakout rather than inside the range box. Post-breakout purchases often lead to faster profit realization and better stop-loss placement, even if the entry point is slightly delayed.
Currently, MANA is at a critical support level, correcting 50% of its impulsive wave, which is significant both in terms of Fibonacci retracement and Dow Theory, classifying it as a potential PRZ (Potential Reversal Zone).
For re-entry, a risky buy can be considered after 0.5782, while a safer buy opportunity lies after breaking 0.7833. It’s too early to exit or take profits now, and I wouldn’t act on a breakdown of 0.4614, except to open a short position.
⏱ 4-Hour Timeframe
On the 4-hour chart, MANA is ranging at the 0.4614 key support, repeatedly testing this level without significant upward movement, indicating stronger selling pressure. However, if sellers fail to break this support, buyers may step in, potentially driving the price higher.
📉 Short Position Trigger
The short position trigger is straightforward: I will open a short position after breaking 0.4614. However, since I expect a fake breakout, I will secure profits quickly on any short positions.
📈 Long Position Trigger
Currently, there isn’t a clear long trigger. If a fake breakout occurs, I’ll look for opportunities to take a long position using my fake breakout strategy. Additionally, if higher highs and lows form, I’ll search for a reliable long trigger.
📝 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! ❤️
Is Stellar (XLM) Ready for Its Next Breakout? Hello, Traders!
After an incredible rise of over 600% just in one month, Stellar (XLM) has retraced 50% but is still trading an impressive 400% higher than its November price.
This kind of volatility is a natural part of the crypto market and can often present lucrative opportunities for those who know how to navigate it.
At this point, for XLM to regain its bullish momentum, the price must break above the $0.50 level and hold there consistently.
A breakout above this psychological and technical resistance could signal the start of another leg up in its recent uptrend.
This scenario becomes even more likely considering Bitcoin current price action.
With BTC trading above $100k and BTC.D hovering at a resistance area of 59%, we could see a rotation of capital into altcoins like XLM if BTC.D starts dropping.
Historically, altcoins tend to surge when Bitcoin dominance declines, and Stellar is well-positioned to capitalize on such a shift.
As for the downside, I don’t anticipate XLM falling below the $0.39 support level.
In fact, there’s strong evidence that the recent dip to the $0.32 area marked a local bottom, supported by key technical indicators and buyer activity in that zone.
If you're trading XLM, keep a close eye on these levels and be ready to act if the $0.50 resistance is broken.
Remember, patience and disciplined risk management are key in markets like these.
Please don’t forget to boost this idea and leave your comments below.
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
Bitcoin at a Crossroads Will $104K Support Hold the Line ?Bitcoin/USDT market, where price action is confined within a symmetrical triangle pattern. This pattern reflects a period of consolidation and market indecision, as buyers and sellers are evenly matched, leading to a narrowing price range. The eventual breakout from such a formation is often significant, as it indicates the market's chosen direction.
A notable observation on the chart is the fakeout above the upper trendline. The price briefly moved past this resistance but failed to hold, retreating back into the triangle. This suggests weak bullish momentum or strong resistance, possibly trapping early buyers and increasing volatility as these positions are unwound.
Bitcoin's movement has also impacted altcoins. The retreat within the triangle appears to have triggered another round of declines in altcoin prices. Given Bitcoin's dominance in the crypto market, its stability and direction often dictate broader market trends. A decisive move by Bitcoin is critical for a potential recovery in altcoins.
The $104,000 level serves as a crucial support area in the current scenario. A breakdown below this support could lead to intensified selling pressure, with the next potential targets around $102,000 and $100,000. On the other hand, if this level holds, it could act as a foundation for another attempt to break above the triangle's resistance. This would restore market confidence and likely initiate a rally.
There are two potential outcomes. A bullish breakout above the triangle, supported by strong volume, could spark upward momentum and drive altcoin prices higher. The measured move target for such a breakout would typically equal the height of the triangle projected upward. Alternatively, if Bitcoin fails to hold $104,000, the bearish scenario would see a breakdown below the lower trendline, resulting in a deeper correction.
Volume analysis is essential in this context. A genuine breakout is often accompanied by significant trading volume, while low-volume moves are more likely to reverse or fail. Traders should remain cautious, especially as the price approaches the apex of the triangle, where volatility tends to spike.
Bitcoin's price action is also influenced by external factors such as market sentiment, news events, and broader macroeconomic conditions. Considering these elements alongside the chart structure is essential for a comprehensive analysis. Traders should wait for a confirmed breakout above or below the triangle before taking directional positions, with stop-losses in place to manage risk effectively.
Dollar Index for Next 2 yearsThe Dollar Index (DXY) has been a critical gauge of the U.S. dollar's strength, and its movements are closely monitored by traders worldwide. Based on my analysis, I believe the next two years will bring significant challenges for the dollar, potentially leading to a heavy decline.
In my view, the DXY will struggle to hold above 120, even in the case of temporary fake breakouts or sharp rejections. This level represents a strong historical resistance zone, and any attempt to break higher is likely to face immense selling pressure. However, what’s more concerning is the potential for a deep bearish trend, with the index dropping below 95 during this period.
Several factors could contribute to this scenario. A pivot by the Federal Reserve toward more accommodative policies, slowing U.S. economic growth, and the growing global efforts to reduce reliance on the U.S. dollar in international trade could all weigh heavily on the index. Technically, the long-term charts indicate that the dollar is already facing structural resistance, and a break below key support levels could accelerate the decline.
If the DXY does drop below 95, it could trigger ripple effects across global markets, impacting currencies, commodities, and equities alike. This level represents a critical threshold that could reshape market sentiment and trading strategies.
Disclaimer:
This analysis reflects my personal opinion and is not financial advice. The markets are highly volatile, and unexpected macroeconomic or geopolitical developments could drastically alter this outlook. Always conduct your own research and manage risk carefully when trading.
Let me know your thoughts in the comments—do you see the Dollar Index heading for a crash, or do you have a different outlook? Let's discuss!
#DXY #Forex #DollarIndex #TechnicalAnalysis #TradingView
TradeCityPro | STXUSDT Sellers Final Attempt👋 Welcome to TradeCityPro Channel!
Let’s analyze one of my favorite coins, STX, which serves as Bitcoin's layer 2 and is currently in a better condition compared to other altcoins.
🌐 Overview Bitcoin
As always, before analyzing STX, we’ll take a quick look at Bitcoin on the 1-hour timeframe. Bitcoin bounced off the 102873 support, with its recent fluctuations caused by the Trump-related events and their accompanying market noise.
Bitcoin dominance continues to climb, and it’s likely we’ll see a new high along with bullish movement in Bitcoin dominance. It’s a good idea to either open long positions on Bitcoin or hold your existing long positions. Altcoins paired with Bitcoin that are showing bullish signs might also see upward movement.
📊 Weekly Timeframe
On the weekly timeframe, STX stands out as one of the most bullish coins in the market, alongside Solana, Doge, and Sui. This highlights the strong current position of this project.
The key resistance level is at 2.708, while the 3.696 ATH can be considered a fake breakout. For trading, it’s better to base your entries and positions on the 2.708 resistance.
The coin has been moving along an important supportive trendline that had multiple successful retests. However, this trendline has been broken, a pullback occurred, and the trendline trigger activated with the breakout at 1.299, which currently serves as a critical support.
This level is both a major weekly support and the 0.382 Fibonacci level. If broken, the price could drop further to 0.738.
For new entries, either wait for the 1.765 level in lower timeframes or the primary trigger at 2.708. Exiting below 1.299 in profit might be a smart move. If the price reclaims this box, you can re-enter. Although this strategy reduces the number of coins, it ensures no USD losses.
📈 Daily Timeframe
On the daily timeframe, the price is at the 1.355 significant support level, with lower highs and relatively flat lows forming a compression pattern and a trendline.
I won’t exit my spot holdings below 1.355, but I may take the risk of opening a short position after breaking this trigger. Part of the profits from this short position can be used to accumulate more STX coins for long-term holding.
For re-entry on the daily timeframe, momentum or a trend reversal is necessary. This could happen with a fake breakout of 1.355, which is a critical support level.
Buyers will likely make an effort to defend it. Alternatively, you can wait for the trendline breakout and the 1.674 level to open your spot positions with a risky stop-loss below 1.355. A breakout above RSI 50 can also serve as confirmation.
⏱ 4-Hour Timeframe
On the 4-hour timeframe, the chart shows consolidation near the 1.355 critical support, oscillating within the 1.355 to 1.674 box, with sellers slightly stronger.
📉 Short Position Trigger
The short position trigger is clear. After breaking 1.355, I’ll open a short position. If the price moves closer to this level, I might also place a stop-sell order if bearish volume increases.
📈 Long Position Trigger
Long positions are trickier with this chart. For such positions, I’d either check other charts or wait for a higher high and low or a fake breakout of 1.355 before considering opening a long position.
www.tradingview.com
📝 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!
Gold Analysis Update: Resistance Levels and Market OutlookHello Everyone!
How are you all? I hope everything is going great! I'm excited to announce my return with a new TradingView account. I hope you’ll show the same love and support as you did with my previous account.
Gold Analysis
I'm observing that gold is facing resistance at 2762 on the H1 chart. It has been retesting this level repeatedly and pulling back to 2756.
If gold fails to break 2763 on the H4 candle, we can anticipate a bearish market movement in the next few hours.
All targets are clearly explained in the chart above for your easy understanding.
Please like, comment, follow, and support! Thank you for your love and encouragement! 🙏
Trend Reversal in Progress Potential Pullback Before Further Up!Hello Everybody!
After experiencing a sharp decline, this currency pair has shifted momentum, breaking through its downward trendline and climbing higher. It is now expected that the price will retreat slightly, testing the broken trendline, before continuing its upward trajectory toward the designated resistance level.
please like follow comments and share this idea thanks for love.
ETH/USDT Setup: Trendline retest before next moveAfter a strong bullish move, ETH/USDT 🔥 broke below its downward trendline 📉 and started moving lower. A potential pullback to retest the broken trendline ⚠️ could be on the horizon before the price resumes its downward path, targeting the key support level 🛑. Traders should watch this zone closely for opportunities! 📊💡
GBP/CHF Breakout Riding the Bullish Wave of the Cup and HandleThe chart for GBP/CHF on the 2-hour timeframe highlights a classic cup-and-handle pattern, a well-recognized bullish continuation setup. The rounded bottom of the cup indicates a period of accumulation, while the subsequent handle reflects a minor retracement and consolidation phase. This pattern suggests a strong potential for upward momentum as buyers regain control and push prices higher.
Key support and resistance levels are clearly defined. The rounded bottom has established firm support at 1.1130, while the handle retracement respected the 1.1198 level, reinforcing it as a critical short-term support zone. The neckline of the cup pattern, now serving as a breakout point, is around 1.1204. If bullish momentum continues, the price is likely to test resistance levels at 1.1270 and further extend towards 1.1350.
The chart also shows dynamic support and resistance through moving averages or bands, with the recent transition to green indicating strengthening bullish momentum. These indicators are acting as a trailing support zone, adding further confidence to the long position.
The long position was initiated at the breakout above the handle consolidation, confirming bullish intent as the price reclaimed the neckline at 1.1204. The stop loss is strategically placed below the handle retracement at approximately 1.1190 to protect against a false breakout or reversal. The initial target is set at 1.1270, aligned with Fibonacci extensions and resistance zones, while an extended target lies near 1.1350, suggesting significant upside potential.
Cup-and-handle breakouts typically align with increasing volume during the breakout phase, confirming the strength of the move. Traders are advised to monitor price action closely near key resistance levels to gauge the sustainability of this bullish trend.
The setup presents a disciplined and well-calculated bullish breakout strategy. The technical indicators, pattern formation, and risk management align to support a strong upward move, provided market conditions remain favorable. This chart reflects a clear opportunity for traders aiming to capitalize on the continuation of bullish momentum.
GOLD knocking on the door of the current all-time highTVC:GOLD continues to advance rapidly and is already getting closer to the current all-time high. But can the price stay above the current all-time high of around 2790 by the end of this month? Let's find out.
More a more detailed technical analysis watch the video.
MARKETSCOM:GOLD
RISK DISCLAIMER
74.2% 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. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.