Get started

Technical Analysis

BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends! BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund. From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones. Wishing you all profitable trades ahead!
Short
by Trader-Briannnn
What I Expect Through The New Year Absent A Government Shutdown.Traders, minus a government shutdown, I do expect another altcoin pump. However, the possibility of a shutdown is throwing a big wrench into my thesis. We'll talk about how price action would look in both scenarios as well as discuss the new crypto cycle rotation. You should get to know this new rotation to remain most successful in your trading. As always, we'll start with the DXY, VIX, SPY, and NVDA and discuss future direction and what it means for our crypto space.
COINBASE:SOLUSD
by stewdamus
2
TradeCityPro | MAGICUSDT Market Correction and Fear!👋 Welcome to TradeCityPro Channel! Let’s take a look together at a so-called bloody day in the market, as some friends call it, with a quick glance at the chart to analyze the events and help you make more thoughtful decisions without acting on your emotions. 🌟 Bitcoin Overview Before starting the analysis, as usual, let’s take a look at Bitcoin. On the 1-hour timeframe, Bitcoin is experiencing red candles with high volume, indicating that it is currently correcting on its higher timeframe. However, this event is accompanied by an increase in Bitcoin dominance, leading to more significant altcoin sell-offs. Naturally, altcoins are seeing larger red candles and experiencing steeper declines. But does this mean that the trend is changing? From my perspective, no, and as long as Bitcoin remains above $80,000, we are still bullish and have no reason to exit. These red candles are merely corrections, which are entirely natural, as the market hasn’t seen any significant profit-taking since Bitcoin broke above $73,000. Make logical decisions, and during a bull market, don’t sell your assets prematurely unless they hit your predefined levels. 🌞 Daily Timeframe On the daily timeframe, MAGIC broke out of its 112-day range and resistance at $0.4302, moving toward the $0.7130 resistance, almost matching the size of its previous range. Typically, the risk-to-reward ratio of patterns leads to the formation of significant support or resistance levels, shaping collective decisions. After facing rejection and forming a lower high, MAGIC broke below $0.5573 and returned to the weekly box and support at $0.4302, which can act as a strong support for slowing down the bearish momentum and reversing it. Currently, bearish momentum remains strong, and I refrain from buying during declines. However, if the support fails or the RSI re-enters its range, this could serve as a trigger for entry. For now, I prefer to watch, and if there is a significant reversal candle, it will be a pleasant surprise due to the strong momentum, with my stop-loss level already defined. These conditions occur in bull markets and are completely natural. So, avoid FOMO and don’t let your emotions guide your decisions. Practice risk and capital management, follow the analyses, and define your levels. For example, as long as Bitcoin remains above $80,000, I won’t sell and will even look for entry triggers. Futures positions currently make little sense, but if you have any, be sure to take profits and avoid greed! 📝 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
25
Gold Market Update:Corective Phase Set Stage for Further DeclineGold has entered a corrective phase following yesterday's substantial decline, with price action consolidating within a defined range. This period of consolidation is expected to persist, allowing the market to recalibrate before the prevailing bearish momentum likely resumes. Downside targets remain intact, with the next leg lower anticipated once the correction concludes. Engage with this analysis by liking, sharing, or sharing your perspectives in the comments below.
OANDA:XAUUSDShort
by FXKAMRAN8
1
USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context: The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend. 4H Perspective: The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement. Updated Trade Plan: Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup. If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend. 💡 Key Takeaway: Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
Long
by TraderOuss_LumaNex
Stock Analysis Report: Aurobindo Pharma Ltd.Overview: The chart presents a technical analysis of Aurobindo Pharma Ltd. on a daily timeframe. The stock shows a recovery pattern with a visible RSI divergence, indicating a potential bullish reversal. Key Observations: 1.RSI Divergence: A bullish divergence is identified as the price made lower lows while the RSI formed higher lows, signaling waning bearish momentum and the likelihood of an upward move. 2.Critical Support Levels: Immediate support is marked at ₹1,273.35, corresponding to the 200-day moving average. A strong base exists at ₹1,199.40 and ₹1,101.55, which acted as previous demand zones. 3.Potential Resistance Zones: Initial resistance levels are observed at ₹1,310.80 and ₹1,346.60. Major resistance is seen at ₹1,403.25 and ₹1,450.35, where the stock could face selling pressure. 4.Buying Strategy: Enter long positions only if the price stabilizes above ₹1,273.35, confirming support. Watch for a breakout above ₹1,310.80 for momentum trades targeting higher resistance levels. 5.Volume Analysis: Increased volume on recent upward moves supports the bullish sentiment. Monitor volume patterns for confirmation of breakouts or trend reversals. Conclusion: Aurobindo Pharma shows signs of a potential bullish reversal. Traders should closely observe the ₹1,273.35 support level and enter only upon confirmation. Targets are placed at ₹1,310.80, ₹1,346.60, and beyond. Implement proper risk management to account for potential volatility.
NSE:AUROPHARMALong
by AngshumanSaikia
XAUUSD: Double Top PatternHello everyone! Currently, after a false breakout at the key level of $2721, the price has quickly reverted to a bearish trend. This development bears significant resemblance to the double top pattern, a technical formation that often signals an impending downtrend. Given the current situation, the outlook leans in favor of the bears. If this scenario materializes, we can expect the price to continue moving towards lower support zones. To project potential downside targets, we are utilizing the Fibonacci extension tool, a powerful method for analyzing price momentum. Based on our calculations, two critical levels to watch are $2609 and $2557. These are areas where buying pressure may emerge, potentially testing the trend's continuation. Stay tuned for further updates to fine-tune your trading strategies!
OANDA:XAUUSDShort
by Trader-Briannnn
USDJPY Continues Consolidation Above Key Support!Dear Friends! USD/JPY is trading sideways around 154.00 during the Asian session on Tuesday. The pair was weighed down by Japanese comments and a softer risk-on tone. However, a fresh rally in the US Dollar limited the pair's losses ahead of the US November Retail Sales report. From a technical point of view, USDJPY remains in an uptrend with the trendline, EMAs and price channel still favoring buyers. In the short term, keep an eye on the upper limit of the channel, which could provide fresh upside momentum for USDJPY. Wishing you happy and profitable trading.
Long
by Trader-Briannnn
Prediction of EURUSD price decrease in the near future?Dear Traders, The EUR/USD pair is currently hovering around the 1.0378 mark, extending its bearish momentum for several consecutive days. This persistent decline has been largely driven by the Federal Reserve’s hawkish rate cuts, which have bolstered the US dollar and exerted downward pressure on this major currency pair. Analyzing the 4-hour chart, it’s evident that the pair remains below the 34-period EMA, signaling that the bearish trend is far from over. After failing to sustain the upward momentum near the 1.0450 level, the price resumed its descent, reinforcing the dominance of sellers in the market. Given these factors, my personal analysis suggests that the downtrend is likely to accelerate in the near term. Any potential corrective pullbacks, in this context, could present strategic opportunities for sellers to re-enter the market. What’s your perspective on this outlook? Share your thoughts in the comments below—I’d love to hear your take!
Short
by Trader-Briannnn
GOLD -- Fell below 2650 with negative fundamental driversOANDA:XAUUSD continued its downward trajectory, dipping to $2,648, underpinned by adverse fundamental drivers. The key question now is whether a retracement is on the horizon or if the decline will deepen further. Optimism about Chinese stimulus faded due to growing concerns over the U.S.-China trade war. In a closed report, the Wall Street Journal (WSJ) stated that China has begun retaliating against President-elect Donald Trump’s upcoming tariffs by implementing non-tariff measures. The market now believes that the Fed might send a hawkish signal by indicating a pause in January after the anticipated 25 basis points (bps) rate cut at the December 17-18 policy meeting, especially following the release of higher-than-expected U.S. Producer Price Index (PPI) data. Technically, gold remains confined within its current channel, with the consolidation phase still intact. The primary focus lies on the key support zone between 2636 and 2634, below which a large liquidity cluster could serve as a potential target for prices. The 2636 support level could trigger a retracement, depending on forthcoming market developments. If the retracement appears shallow and prices quickly return to this level, the likelihood of a break below support increases, potentially driving prices down to levels like 2612 and 2580. However, if gold can stabilize above 2682 and consolidate above local highs, it could pave the way for a retest of higher levels. Regards Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Gold --> Bear Market Intensifies, Key Resistance LoomsHello, dear friends! This is Ben. Gold prices rose after a false breakout at 2,650. Fundamentally, the situation remains complex, and technically... The metal's price is being influenced by geopolitical tensions, weaker U.S. bond yields, and a softer USD, which supports the safe-haven appeal of XAU/USD. However, bets on a less dovish Fed warrant caution for bullish markets ahead of this week's FOMC meeting. Theoretically, additional gold price gains could be limited by concerns about China's economy after its industrial production posted a modest rise in November, while retail sales disappointed. Widening gold discounts in India amid subdued wedding season demand due to higher prices may also act as a drag on the metal. China and India remain the largest gold consumers globally. Looking ahead, U.S. PMI data also warrants attention for fresh insights into the Fed's rate trajectory next year, which could heavily influence gold prices—given gold's sensitivity to the USD. From a technical perspective, gold is attempting to break out of a major range, testing critical support. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. If there is a false breakout around the 2,655 level, a minor correction toward resistance could form. However, with prices testing strong support, we may witness a false breakout followed by a corrective move to the 2,660–2,675 region (0.618 Fib retracement) before resuming the downtrend. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
2