Technical Analysis
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY fora selling opportunity around 151.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 151.800 support and resistance area.
Trade safe, Joe.
Natural Gas Shows Bullish PatternVANTAGE:NG Natural gas looks to be turning bullish after a projected five-wave impulse from the lows, followed by an ABC correction. It gave us a nice bullish setup formation by Elliott Wave theory, so more upside is in view, especially if breaks back above 4.0 bullish confirmation level, just watch out for short-term intraday pullbacks.
#GNOUSDT remains weak after a strong drop📉 SHORT BYBIT:GNOUSDT.P from $181.40
🛡 Stop Loss: $186.50
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:GNOUSDT.P experienced a sharp rally above $210, followed by an equally strong pullback.
➡️ The POC (Point of Control) at $187.27 indicates the highest liquidity area, which serves as a strong resistance level.
➡️ Price is consolidating below $183.12, signaling potential seller dominance.
➡️ If $178.55 breaks downward, further decline toward $175.30 is expected.
⚡ Plan:
➡️ Enter short upon a confirmed break below $181.50.
➡️ Stop-Loss placed at $186.50, above the resistance zone.
🎯 TP Targets:
💎 Take Profit1- 178.55
🔥 Take Profit2- 175.30
🚀 BYBIT:GNOUSDT.P remains weak after a strong drop—expect further downside.
EURNZD -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 1.82059, resumption of uptrend is expected.
We make sure when the resistance at 1.85400 breaks.
If the support at 1.82059 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.85400 on 12/27/2024, so more losses minimum to Major Support (1.82059) is expected.
Relative strength index (RSI) is 43.
Supports and Resistances:
1.87650
1.85400
1.82059
1.78251
1.76500
1.74929
1.73804
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#SUNDOGUSDT remains in a strong uptrend📈 LONG BYBIT:SUNDOGUSDT.P from $0.04070
🛡 Stop Loss: $0.04013
⏱ 15M Timeframe
✅ Overview:
➡️ BYBIT:SUNDOGUSDT.P is showing strong bullish momentum after breaking out of a consolidation zone. The price is holding above the key $0.04070 level.
➡️ The highest liquidity area (POC) is at $0.03527, confirming strong buyer interest and support for the current trend.
➡️ A volume spike in recent candles suggests increased buying activity, increasing the probability of reaching target levels.
➡️ If the price breaks the $0.04150 resistance, the uptrend could accelerate towards higher levels.
⚡ Plan:
➡️ Enter long from $0.04070 upon confirmation of breakout.
➡️ Risk management with Stop-Loss at $0.04013, placed below the nearest support level.
🎯 TP Targets:
💎 TP1: $0.04150
🔥 TP2: $0.04205
🚀 BYBIT:SUNDOGUSDT.P remains in a strong uptrend, and a breakout above $0.04150 could lead to further gains.
Do Polkadot bulls have enough power to break the downside line?MARKETSCOM:DOTUSD Polkadot is flirting with its short-term downside resistance line drawn from the high of 6th of January. In order to shift our attention to some higher areas, a break of that trendline is required. But even then we will not get too comfortable with higher areas, as the rate might find resistance near our EMAs. Let's dig in!
CRYPTO:DOTUSD
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.
XAUUSD Bullish Pennant Breakout: Retesting Before Targeting 3000XAUUSD is currently trading at 2934, with a target price of 3000, indicating a potential move of 66 points to the upside. This comes after the pair has already hit a 100% profit target following a bullish pennant breakout. The bullish pennant is a continuation pattern that typically forms after a strong price move, followed by a period of consolidation. After breaking the upper trendline of the pennant, prices often continue in the same direction, which in this case, is bullish. However, after the breakout, a small retesting phase is possible before the price resumes its upward momentum.
From a technical perspective, after reaching the 100% profit target, there is often a natural pullback or retest of the breakout point. This allows traders to re-enter the market with confirmation that the previous breakout was valid. The retesting phase is essential to ensure that support holds and provides a low-risk entry point for the next leg up toward the target of 3000.
Fundamentally, gold prices remain supported by a combination of factors, including ongoing inflation concerns, geopolitical risks, and central bank policies. With inflationary pressures still evident across major economies and global uncertainty around geopolitical events, gold remains a favored safe-haven asset. Additionally, the U.S. Federal Reserve's stance on interest rates will continue to play a significant role in shaping gold’s outlook, with lower rates typically supporting higher gold prices.
In summary, XAUUSD has successfully completed the bullish pennant breakout and reached the 100% profit target. A potential small retest before the next bullish move toward 3000 presents a solid re-entry opportunity. Monitoring global economic and geopolitical developments will be key to ensuring continued upward momentum for gold.
#BTCUSDT: The Turning Point is Near! Will the Market Crash or Re🚀 BYBIT:BTCUSDT.P has entered a critical zone! After a prolonged uptrend, the asset formed a "Rising Wedge" pattern and tested resistance twice (Top 2), indicating a potential trend exhaustion.
━━━━━━━━━━━━━━━━━━━━
🔥 Market Overview for BYBIT:BTCUSDT.P
✔️ The Volume Profile shows that the current range is below the Point of Control (POC), meaning the main liquidity zone (where the highest trading volume occurred) remains above the current price.
✔️ BYBIT:BTCUSDT.P is currently trading within a consolidation zone after a notable short-driven drop.
🟢 The price has already broken below the wedge’s lower boundary, which is historically a bearish signal. However, the market is still holding above a key liquidity level (POC: 96,125.2).
🟢 If BYBIT:BTCUSDT.P continues consolidating without reclaiming lost levels, altcoins will likely face selling pressure or stagnation.
🟢 If BYBIT:BTCUSDT.P recovers above the critical horizontal volume level (POC), this could trigger a market-wide rebound and push altcoins higher.
🔥 Technical Outlook
✔️ A 10–15% correction is common for Bitcoin before it enters a consolidation phase. If no major negative news emerges and there is no aggressive short squeeze, the market may stabilize and attempt a recovery.
✔️ However, if BYBIT:BTCUSDT.P starts trading significantly below key levels (e.g., drops under $90,000 or $85,000), this could signal a deeper correction phase.
💡 Key Market Factors at Play:
✔️ Current Price: $95,901
✔️ Volume: 19.64K BYBIT:BTCUSDT.P – moderate but not extreme, indicating possible market indecision.
✔️ Key POC Level: 96,125.2 – the point of highest volume, which may determine the next direction.
🔥 General Market Sentiment
✔️ If BYBIT:BTCUSDT.P continues its downtrend, most altcoins will follow. In this case, it makes sense to look for buy opportunities at support levels when bounce signals appear.
✔️ Pay attention to key support and resistance levels for BYBIT:BTCUSDT.P . If BYBIT:BTCUSDT.P finds strong support, this could trigger a broader altcoin recovery.
🔥 Technical Indicators:
📉 RSI (Relative Strength Index): If RSI for most assets approaches oversold territory, short-term bounces may occur. This could present good buying opportunities.
🔥 What’s Happening with BYBIT:BTCUSDT.P ?
📌 Breaking the Rising Wedge – a strong bearish signal for further downside.
📌 Support at 96,125.2 is holding for now, but selling pressure remains strong.
📌 Projected downside target: $68,000 - $48,000 if the breakdown is confirmed.
📌 Alternative scenario: A move back above $100,000, which could lead to renewed bullish momentum.
🔥 Action Plan for Buying:
✔️ Short-term: Look to buy during dips, focusing on support levels close to recent lows.
✔️ Mid-term : Use a dollar-cost averaging strategy if a larger recovery is expected, while managing risk as the market stabilizes.
✔️ Long-term : Wait for clear signs of recovery on charts and macroeconomic conditions before making bigger moves.
📉 Bearish Scenario (Primary Outlook): Further Decline Expected
If BYBIT:BTCUSDT.P stays below $95,000 - $96,000, expect an accelerated downtrend:
✅ Target 1: $88,000 – first major support zone.
✅ Target 2: $72,000 – level where the market may seek balance.
✅ Target 3: $48,000 – critical zone, where BYBIT:BTCUSDT.P may form a bottom.
✔️ If BYBIT:BTCUSDT.P breaks $95,000, short remains the main scenario.
✔️ Confirmation: Increasing volume on the sell-off.
✔️ Caution with longs – no clear reversal signals yet.
📈 Bullish Scenario (Alternative): Reversal Possible
If BYBIT:BTCUSDT.P holds above $96,000 - $97,000 and breaks $100,000, a bullish continuation is possible:
✅ Target 1: $104,000 – nearest resistance.
✅ Target 2: $110,000 – major liquidity zone.
✅ Target 3: $120,000+ – potential new highs.
✔️ Long positions should only be considered if BYBIT:BTCUSDT.P confidently holds above $100,000.
✔️ Confirmation: Sharp increase in volume and a strong bounce off support.
⚡ Final Thoughts:
✔️ The drop from $107,673 to $96,150 over the past months suggests a mix between a local correction and the potential start of a deeper downtrend. The next move will largely depend on whether BYBIT:BTCUSDT.P can hold above key support levels and reclaim major liquidity zones (~$100,000–101,000), turning them from resistance back into support.
⚡ Critical Moment for BYBIT:BTCUSDT.P !
✔️ BYBIT:BTCUSDT.P is sitting at its final major support zone – the coming days will determine its fate.
✔️ Sellers remain in control, but the market still has a chance to regain strength.
✔️ A break below $95,000 could accelerate the drop, while a move back above $100,000 could reignite the bull run.
🚀 A major move is coming for BYBIT:BTCUSDT.P – stay ready! 🔥
TRON is going to the MOON? TRX Weekly forecast & Trading IdeasMidterm forecast:
While the price is above the support 0.17000, resumption of uptrend is expected.
We make sure when the resistance at 0.27260 breaks.
If the support at 0.17000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 0.20100 on 02/03/2025, so more gains to resistance(s) 0.24740, 0.25800 and maximum to Major Resistance (0.27260) is expected.
Take Profits:
0.24740
0.25800
0.27260
0.30099
0.33299
0.45000
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Nightly $SPY / $SPX Scenarios for 2.19.2025🔮
🌍 Market-Moving News:
🇺🇸🗣️ President Trump's Address: At 9:00 PM ET on Tuesday, February 18, President Trump is scheduled to deliver a speech that may provide insights into upcoming policy directions.
📱🍏 Apple Product Launch: Apple CEO Tim Cook has announced a new product launch set for February 19, 2025. Speculations suggest it could be the iPhone SE 4, featuring a 6.1-inch OLED display and an A18 chip with Apple Intelligence.
📊 Key Data Releases:
🏠 Housing Starts (8:30 AM ET): Forecast: 1.390M; Previous: 1.499M.
📄 FOMC Meeting Minutes (2:00 PM ET): Detailed insights into the Federal Reserve's policy discussions from the January meeting.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
[INTRADAY] #BANKNIFTY PE & CE Levels(19/02/2025)The Banknifty indicates a flat opening today, with the index currently hovering around 49050. Key levels suggest a potential breakout or breakdown scenario depending on market movement. On the upside, if Bank Nifty moves above the 49050-49100 zone, can look to long with targets at 49250, 49350 and 49450+.
Conversely, a breakdown below the 48950-48900 level could trigger a bearish move, making downside with targets at 48750, 48650, and 48550-. The major support level lies at 48545, which could act as a strong demand zone if the index falls further.
The current price action, the market is expected to open within this defined range, indicating a flat start. The direction for the day will be determined by whether Bank Nifty sustain above 49050 for a bullish rally or falls below 48950 for a bearish trend. Until then, sideways movement is likely, and should wait for confirmation before entering any trades.
TONUSDT: Bearish Setup or Bulls' Last Stand?
Hey, traders! 😱📉 BINANCE:TONUSDT.P is in a high-risk zone, and the market is tense. We see the price testing support at *3.6191 USDT*, while resistance at *3.6891 USDT* is keeping the pressure on.
The classic scenario: if support fails, we could see a sell-off. But what if the whales are lurking, ready to turn the price around?
🔑 *Key Levels:*
*Support:*
*3.6191 USDT* – bulls are defending this level aggressively.
*3.0087 USDT* – deep liquidity zone, where the price could drop if support breaks.
**Resistance:**
**3.6891 USDT** – if sellers hold this level, the downtrend continues.
**3.8000 USDT** – a breakout above here could mean a bullish reversal.
🚩 *Trading Strategy:*
*Short Entry:* After breaking *3.6191 USDT* with a retest.
*Stop-Loss:* Above *3.6891 USDT* – if bears are wrong, it's time to exit.
*Profit Targets:*
*3.5000 USDT* – quick scalp target.
*3.3000 USDT* – solid take-profit zone.
*3.0087 USDT* – full breakdown potential if panic selling intensifies.
📈 *Technical Analysis Insights:*
Sellers are dominating – market structure remains bearish.
Volume shows liquidity accumulating in this range.
If we see a bounce from *3.6191 USDT*, a short squeeze could trigger a sharp move up.
💡 *What to Watch For?*
*Manage risk!* A downtrend doesn’t mean going all-in.
*Wait for confirmation!* No clear break = possible liquidity grab.
*Watch volume!* False breakouts are common without strong volume support.
Is BINANCE:TONUSDT.P about to dump, or will bulls hold the line? Share your thoughts below! 🧐🔥
Wed 19th Feb 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
#IOUSDT remains under strong selling pressure📉 SHORT BYBIT:IOUSDT.P from $1.235
🛡 Stop Loss: $1.258
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:IOUSDT.P continues its downward movement, trading near the $1.235 level, which acts as a potential breakdown zone.
➡️ The highest liquidity area (POC) is at $1.41, significantly above the current price, indicating strong seller dominance.
➡️ The price has broken a key support level, confirming the bearish trend.
➡️ If the price consolidates below $1.235, further declines to target levels are expected.
⚡ Plan:
➡️ Enter short below $1.235 upon confirmation of bearish momentum.
➡️ Risk management through Stop-Loss at $1.258 to protect against sudden reversals.
🎯 TP Targets:
💎 TP1: $1.210
🔥 TP2: $1.185
🚀 BYBIT:IOUSDT.P remains under strong selling pressure, and a breakdown below $1.235 could accelerate the downward move.
#B3USDT remains weak—expecting further decline!📉 SHORT BYBIT:B3USDT.P from $0.007859
🛡 Stop Loss: $0.008012
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:B3USDT.P remains in a steady downtrend after retracing to the resistance level.
➡️ POC (Point of Control) at $0.00962 confirms seller dominance, and the current price trades below the high-volume area.
➡️ A break below $0.007859 opens the door for further downside as liquidity lies below.
➡️ If the price holds below this key level, a continuation of the decline is expected.
⚡ Plan:
➡️ Enter short below $0.007859 to confirm the bearish scenario.
➡️ Stop-Loss at $0.008012 to manage risk in case of an upward reversal.
🎯 TP Targets:
💎 TP1: $0.007610
🚀 BYBIT:B3USDT.P remains weak—expecting further decline!
📢 General advice on the asset:
Weak price action in BYBIT:B3USDT.P suggests continued downside potential. If the price breaks below $0.007859, it is likely to drop to $0.007610.
📢 However, a rebound above $0.008012 could lead to a short-term recovery.
TradeCityPro | ADAUSDT Is the Downtrend Continuing?👋 Welcome to TradeCityPro Channel!
Let's take a look at one of the most popular cryptocurrency coins, review our previous analysis on this coin, and find our triggers!
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
🕵️♂️ Previous Analysis
In the previous analysis, we had already identified our analytical levels and said that after the break of 0.8360, we would have the possibility of a sharp decline, and that is what happened, and after the decline, we are currently in a pullback to this level!
📊 Weekly Timeframe
On the weekly time frame, ADA, like sol, sui, xrp and most of the top ten coins in the market, is still in a better situation and the price is fluctuating at higher levels
After being rejected at 1.1983 and losing support at 0.7959, we experienced a sharp drop to 0.50, and this was the result of Trump and the US tariffs on other countries and caused panic in the market!
The buy trigger is still above 1.1983, but because it is in a better situation, I will give you a trigger for this coin in lower time frames, but I had said that selling below 0.7959 was a temporary sale and I do not have a trigger to exit at the moment!
📈 Daily Timeframe
But interesting things are happening on the daily time frame and we are still clearly at higher levels than other altcoins and if we have a trend change in the market itself, we can be careful for a long trigger sooner
After breaking 0.8204 and losing the 0.236 Fibonacci level, we experienced a Sharpe decline that also became high and I myself expected that after this volume we would go from volatility to forming a range box and this is also happening and we are forming a box of 0.6777 to 0.8204, but if today's daily candle closes like this, we will continue the downtrend!
The spot purchase trigger if we are in this space more in this box that I have specified for you will be after the break of 0.8204 or the formation of a higher ceiling and floor in this box, but your next exit trigger if you do not exit at 0.8204, if it breaks at 0.6777, it is recommended to exit or at least save profit!
⏱ 4-Hour Timeframe
In the four-hour time frame, the conditions of this coin are such that you can open both short and long positions, and it is one of the coins that you should have on your watchlist for this period and watch!
📈 Long Position Trigger
it is quite clear and after the break of 0.8204, I will open a futures position myself and it will probably be so that I continue to hold it and open it long-term
📉 Short Position Trigger
today's trigger was activated earlier and 0.7681, I opened a low-risk short position myself, but the main trigger after the break will be 0.6806 and try to have a short position before that break
📝 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! ❤️
THEUSDT 100%-130% Gains Potential Ahead!THEUSDT is currently experiencing a strong bounce from a key support level, signaling a potential bullish reversal. This support level has acted as a significant floor for the price, and the bounce suggests that buying pressure is starting to build. The price action indicates that investors are increasingly confident in this level holding, and with good volume behind the move, the chances of the price continuing to rise are high. Traders are targeting gains in the range of 100% to 130%+, as the price moves toward the next resistance levels. This bounce from support has captured the attention of both retail and institutional investors alike, contributing to a surge in interest around this crypto pair.
The good volume accompanying this bounce is a crucial indicator of the move’s strength. In technical analysis, volume plays a key role in confirming price moves, and with the increased trading activity, it’s clear that the market is reacting positively to the support level holding. If the price continues to hold above this support zone, it sets the stage for a potential rally, as the market shifts from a period of consolidation to a more bullish trend. The projected 100% to 130%+ gain is highly achievable if this momentum continues and resistance levels are successfully breached.
Investor interest in THEUSDT is growing, with many seeing the bounce from support as an indication of the start of a new upward trend. As the price breaks through resistance levels, it could trigger further buying activity, pushing the price higher. The solid technical setup, combined with increasing volume and a positive market sentiment, creates an attractive opportunity for traders looking for high-reward setups. The growing interest in this project adds fuel to the fire, increasing the likelihood that THEUSDT will continue to gain in value.
Traders should stay vigilant and monitor the price action closely, paying attention to key levels of support and resistance. If THEUSDT can maintain its position above the support level and push through resistance, it could lead to a substantial price increase, delivering the expected gains. With the current technical indicators and strong market interest, THEUSDT is shaping up to be one of the more promising crypto pairs to watch for significant returns.
NZDJPY Bearish Flag: Retest Complete, Targeting 82.60NZDJPY is currently trading at 86.60, with a target price of 82.60, indicating a potential downward movement of 300+ pips. The pair is forming a bearish flag pattern, which typically follows a strong downtrend and is followed by a period of consolidation. This pattern suggests that after the breakout and a successful retest of the lower trendline, the price could continue its decline toward the 82.60 target.
Technically, a bearish flag is often seen as a continuation pattern, signaling that the downtrend is likely to resume after the consolidation phase. The successful retest of the breakout point confirms the market’s readiness to move lower. In this case, if NZDJPY breaks below the support level, it could accelerate the move toward the 82.60 target.
Fundamentally, the New Zealand dollar has been under pressure due to a weaker global risk appetite and softer economic data. In contrast, the Japanese yen benefits from its status as a safe-haven currency, particularly during times of market uncertainty. These fundamental factors may continue to support a bearish move for NZDJPY, especially if global market sentiment remains cautious.
In summary, the bearish flag pattern on NZDJPY suggests further downside potential, with a target of 82.60. Traders should watch for confirmation of the bearish continuation after the retest of the breakout level, as well as monitor global risk sentiment and economic data from both New Zealand and Japan.
Emerging Markets Are Breaking Higher; Be Aware Of Lower USDollarEmerging markets, represented by the EEM chart, have been trending lower since October 2024 in what appears to be a complex W-X-Y corrective pattern. Meanwhile, the US Dollar Index (DXY) experienced a strong rally, driven by Trump’s victory in the US elections. However, the rally formed a wedge pattern, which suggests that its upside momentum may be coming to an end.
Why is the correlation between EEM and DXY important? If the Trump administration pushes oil prices lower, inflation expectations could also decline. This would likely lead to lower interest rates, which in turn could weigh on the USD. In such a scenario, capital may flow out of the US and into emerging markets.
Now that EEM is recovering and breaking above a key channel resistance, it signals that bullish momentum is returning. If this trend continues on EEM to 2024 highs, then DXY could decline to the 105–103 range—or possibly even as low as 100.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/02/2025)Flat opening expected in banknifty. After opening banknifty will trade in between the zone of 49050-49450 level. Any major upside rally expected above the 49550 resistance level. Similarly strong downside expected below 48950. For today's session 49050 will act as a major downside support level for banknifty.