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Technical Analysis

GOLD → False Breakout. Can Buyers Recover?Hello, dear friends! Ben here! Gold has made a false breakout at $2,637 and is now searching for strong support. The current situation is highly complex, both fundamentally and technically. Fundamentally, the situation remains challenging. Gold's weakness is influenced by the Fed's hawkish stance and the strength of the US Dollar. However, upward pressure on gold persists due to other factors, including the escalation of conflicts in Eastern Europe and the Middle East, Trump’s protectionist policies targeting Europe and Asia, and rising geopolitical risks worldwide. Technically, after the false breakout at $2,637 (previously a resistance level), the price is now heading toward a new testing zone around $2,622. Below that, the ascending channel support at $2,606 could act as the lower boundary where buyers may start an aggressive play. Key Support Levels: $2,622, $2,606 Key Resistance Levels: $2,637, $2,647, $2,665 Overall, I lean toward a medium-term bearish trend. However, the local situation remains tense and complicated. If the bulls manage to hold their ground within the ascending channel, gold may continue its upward move. But! If buyers fail to maintain their position within the channel, a correction could extend the downward momentum further, leading to deeper declines. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
TradeCityPro | UNIUSDT Delay in Crypto Bullrun👋 Welcome to TradeCityPro Channel! Let’s analyze today’s altcoin during these days when most people are focused on red candles and feeling FOMO, inviting you to stay calm. I have a feeling that these corrections and the previously released interest rates have caused the bull run we have in mind to be slightly delayed, but this event has also increased its probability. 🌐 Overview Bitcoin As always, before starting today’s altcoin analysis, we’ll take a look at Bitcoin in the 1-hour timeframe. We’ve reached the 91830 support level and had a good reaction to it, which further highlights its importance. However, after this reaction, we formed a lower high and got rejected, moving towards this level again. If you pay attention, exchange orders have significantly decreased, and we can say that no one is making any specific trades, with most people waiting. If the 91830 support is broken, we can move toward 86,000 USD , In case of breaking this support and Bitcoin moving downwards, if its dominance is also dropping, it’s a good idea to open a short position on Bitcoin. On the other hand, if Bitcoin dominance is breaking through the 58.11% resistance, altcoins will face sharper declines. 📊 Weekly Timeframe In the weekly timeframe, UNI has a relatively better position compared to other altcoins and has shown good upward movements, which is not unrelated to its excellent DEX platform. The weekly candle for this week will close in 3 days. However, what has happened is that last week’s candle has been engulfed, and a lower high has formed, which could indicate temporary profit-taking. For another entry, this 14.844 resistance, which is currently being rejected, is a good trigger. The main ceiling is 18.865, where you can make your purchase, and your first target would be 42.575. 📈 Daily Timeframe In the daily timeframe, after breaking through the 9.394 resistance, we had a good upward movement reaching 18.664, which has been a profitable move. It was logical to withdraw your initial capital when your investment doubled, leaving the rest of your coins free of charge. After rejecting the 18.664 resistance, breaking the temporary 15.289 support, we moved toward 12.501, and after pulling back to 15.289, we formed a lower high than 18.664 and are now back at this critical support. On the other hand, the 12.501 support zone aligns with the 0.382 Fibonacci level, which is of great importance. If we rebound from here, we can experience a good upward movement. However, breaking this support could lead to lower levels, such as 9.394. The key point about UNI compared to other altcoins is that it is currently above a higher support level than the rest of the market. If we fake out the 12.5 support, it’s a good trigger for entry , If we rebound from this support and break the 15.289 resistance, you can buy with a 12.5 stop loss , If you miss these two triggers, buy after breaking the 18.664 resistance with a confirmed 12.5 stop loss. If none of these three scenarios are activated and the price moves toward lower levels like 9.394, I will update the analysis for you after the downward wave's momentum decreases and provide a new trigger. Breaking the 12.5 support can also serve as a trigger for opening a futures position in lower timeframes, but don’t forget about profit-taking and small stop-losses. Overall, this is a chart worth having on your watchlist. 📝 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
8
BTC preparing for run to 150k technical tp on higher timeframeTechnical analysis indicating "measured move" buy setup on higher timeframes I expect price to advance from current 88-93k buy zone (consolidation structure on 4 hr tf) back to new highs above 109k, which was previously noted as tp1 (with anticipated near term consolidation in low 90k range). It's possible we have one more retest of 88-93k levels after reaching 108-110k level on next buy wave, but as previously noted, it primarily remains a buy opportunity. Once a move above 120k is achieved, price will be strongly in the hands of buyers (with diminishing supply) and head towards 150-155k level fairly steadily & easily to achieve technical "measured move" target. There remains possibility that we get one final retracement from 150k but my own cycles analysis indicates that would be the final big discount opportunity IF it were to occur at all. Price advancement above 100k is a SIGNAL that mass adoption is taking place globally and will lead to much higher highs. Any price dips below 100k remain discounts for institutional ownership
COINBASE:BTCUSDLong
by DaveTradesLive
Critical Trendline Test Will BTC Bounce or Break ? 1. Trendline Support: The price is approaching a key ascending trendline, which has acted as support previously. A bounce from this area could signal a continuation of the uptrend. 2. Price Action: The recent sharp drop in price suggests selling pressure, likely testing the strength of the trendline and the marked support zone (around $91,500–$89,700). If this zone holds, it could provide a buying opportunity. 3. Risk/Reward Setup: The shaded areas highlight a possible trade setup: Stop-Loss: Below the support level (around $89,700) to manage downside risk. Target: Around $102,258, suggesting a potential bullish recovery toward resistance levels. 4. Scenario Analysis Bullish: If the price bounces off the trendline, it could aim for a higher level, confirming the continuation of the broader uptrend. Bearish: A breakdown below the trendline and support zone could invalidate the bullish setup, opening the way for further downside toward $86,000 or lower. To confirm the direction, monitor additional indicators such as RSI for oversold conditions, volume for buying strength, or moving averages for trend confirmation. Let me know if you'd like further clarification or analysis!
BINANCE:BTCUSD.PLong
by wolfchemist
3
Bullish Breakout: Time to Buy!hello traders! ProfitScalper 1H Analysis, Current price: 2662. Market Overview: The market is currently in a strong bullish momentum. A key development to note is the successful breakout above the significant resistance level of $2660, with the daily close confirming this upward move. Although a small correction may occur from current levels, the ideal entry for a buy position would be between $2653 and $2648. From there, the price is expected to target $2690 by Friday. It is recommended to focus on finding buying opportunities today, especially in the area between $2660 and $2654, which could provide favorable entry points for further upside.
OANDA:XAUUSDLong
by Profit-Scalper
2
Buying opportunity for DogecoinHello, Traders! Dogecoin (DOGE) is currently in a correction phase, presenting a potentially attractive buying opportunity for future growth. After a sharp rally, the price of DOGE has now retraced over 30% from its recent peak, offering what could be seen as a substantial discount before the next bullish wave takes shape. At present, the $0.3 support area is showing strong technical significance and looks highly appealing for entering a long position. This level aligns with historical support zones and has previously acted as a key demand area during market corrections. Additionally, broader market conditions appear favorable, as BTC is also trading near its key support zone. If Bitcoin sees a positive reaction from buyers, it could act as a catalyst for a broader recovery across the crypto market, including DOGE. However, as always, risk management is key. Keep an eye on price action around the $0.3 level, and consider setting stop-losses just below this area to protect your capital in case the market sees a deeper correction. Let me know your thoughts in the comments below. And don’t forget to boost this idea if you found it helpful!
by Real_CryptoRoy
5
ADA/USDT A Bullish Bounce on the Horizon ?The chart shows Cardano (ADA) pulling back to retest the breakout zone, presenting a potential long opportunity if support holds. Key Observations 1. Retest of Pattern: ADA has broken out of a pattern and is now retesting the breakout zone, which aligns with a critical support area. 2. Support Zone ($0.90–$0.88): This is an important level where price is likely to bounce if buyers step in. 3. Bullish Confirmation Needed: Waiting for a bullish candlestick pattern at this level would confirm a potential reversal. 4. Target Levels: If the bounce occurs, the immediate target would be $1.00+, with further potential upside depending on market momentum. Strategic Implications Monitor the $0.90–$0.88 zone for bullish signals. Enter long positions upon confirmation of a bullish candlestick pattern. Stop-loss placement below $0.88 to manage risk effectively. ADA is at a crucial retest point. A strong bounce from support could provide a profitable long setup with targets above $1.00. Keep this pair on watch for confirmation.
Long
by wolfchemist
IOTX/USDT on the Edge Will the Triangle Break ?IOTX/USDT Technical Analysis Symmetrical Triangle Breakdown in Sight Key Insights Symmetrical Triangle Pattern: Price has been consolidating within a symmetrical triangle, creating lower highs and higher lows, signaling a potential breakout. Critical Support Zone: The price is currently testing the lower trendline at $0.0378. Bearish Scenario: A breakdown below this trendline support will trigger a short opportunity, aligning with the bearish market sentiment. Target Levels Primary target: $0.0300 Final target: $0.0250 Monitor closely for a breakdown confirmation. A close below support with increased volume could validate a downward move. Managing stop-losses above $0.0450 upper triangle boundary is recommended to mitigate risk.
Long
by wolfchemist
NZD/USD Poised for a Breakout ?The NZD/USD pair shows signs of potential bullish momentum following a bounce from a key support level near 0.55900. Price is currently challenging the 0.56028 resistance, with further upside likely if this level is broken and sustained. The downward sloping moving average indicates a prevailing bearish trend, so this move could be a short-term retracement or a possible trend reversal depending on market strength. Key Insights Entry Area: Around 0.55940 – 0.56028 Stop-Loss: 0.55103 to manage downside risk First Target: 0.56156 Second Target: 0.56370 Final Target: 0.56781 Watch for a confirmed breakout above 0.56028 for a continuation toward higher levels. A failure to hold above 0.55900 could trigger further downside movement. Market volatility and U.S. dollar news should be closely monitored for momentum shifts. This setup offers a solid risk-to-reward ratio, balancing caution and opportunity in the current market structure.
Long
by wolfchemist
Technical Analysis and Trade Setup for GBPNZDThe forex pair GBPNZD is currently trading at a price of 2.2000, with a target price set at 2.3000, indicating a potential gain of 500+ pips. This suggests a bullish outlook for the pair, as it is expected to appreciate in value. The analysis highlights that the pair is showing a good bounce from a key support level, which often signals a reversal or continuation of an upward trend. However, the trader is exercising caution by waiting for confirmation before entering the trade. This confirmation could involve technical indicators, price action patterns, or fundamental factors aligning with the upward movement. Such an approach helps minimize risk and improve the probability of success. The trade setup relies on the strength of the support level and market sentiment favoring the pound over the kiwi. Proper risk management and adherence to a trading plan are essential when executing this strategy.
Long
by AndrewsMarket-Mastery
1
TradeCityPro | C98USDT Weekly Candle Engulfing👋 Welcome to TradeCityPro Channel! C98USDT Weekly Candle Engulfing - Downtrend or Continuation? Let’s dive into a scenario where the market is printing red candles, most traders are lost, and FOMO is rampant. Today, we’ll analyze an altcoin for you, and before that, I recommend checking out the money management guide: 🌐 Overview Bitcoin As usual, let’s start by reviewing Bitcoin. On the 1-hour timeframe, BTC was rejected from the 102,135 resistance level and experienced a 10% drop, significantly increasing the 24-hour liquidation volume. This drop also caused Bitcoin dominance to range, leading to a heavier correction in altcoins compared to BTC. If BTC had surged, altcoin losses could have been even deeper. View BTC Chart 📊 Weekly Timeframe C98 is still within its weekly range, oscillating between 0.1056 and 0.4368 for almost two years. While the range percentage is substantial, it doesn’t change its range-bound nature. If you’ve already invested in this coin, you’ve likely experienced frustration as it remains stuck in this box. Two years of idle capital in a high-risk crypto market can be exhausting. Suggestion: Exit your position if it breaks below 0.1056. Currently, the weekly red candle has four days left to close, but it’s sitting on solid support. However, the last two red engulfing candles suggest a potential continuation of the downtrend. If 0.1451 support breaks, the price may drop to 0.1056. Buying Advice: Avoid buying right now. It’s like catching a falling knife—wait for it to hit the ground first. After breaking the 0.1933 resistance, buying could be more reasonable. 📈 Daily Timeframe On the daily timeframe, C98 was rejected from the 0.1902 resistance, which highlights its importance. A break above this level could present buying opportunities. More importantly, let’s focus on the 0.1533 support level, which: Previously served as the top of the daily range , Now acts as a crucial support, forming the 0.618 Fibonacci level. If the market opts for a deeper correction, breaking 0.1533 could lead to a continuation down to 0.786 Fibonacci support at ~0.1272. Personally, I’d prefer if this price level holds because a deeper correction might delay the next bull run and keep us in this range for an extended period. 📝 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! ❤️
by tradecitypro
10
Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
PEPPERSTONE:NAS100Long
by AndrewsMarket-Mastery