SUI Jumped in TVL and Still Looks Bullish / Targets and PlansBINANCE:SUIUSDT
COINBASE:SUIUSD
Longterm Scenario
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
🧐The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be canceled.
Trade!
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term.
Bullish and Bearish Scenarios:
Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities.
Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647.
Support and Resistance Levels:
Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure.
Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum.
Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction.
Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue.
Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
TIAUSDT Long Setup Setting / Levels are on the ChartBINANCE:TIAUSDT
COINBASE:TIAUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
5.90
6.02
6.16
6.31
🔴SL:
5.489
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Called out $SOFI before it's epic move! Where is it going next? Posted about this massive trade setup on NASDAQ:SOFI over a week ago. Hopefully you got on this train. Now that we've had a parabolic move on this name lets go to the charts and see what's going on with the name and where it will go next.
Like ❤️ Follow🤳 Share 🔂
Gold analysis ahead of Unemployment Claims newsHello Traders. The head and shoulders pattern is forming before the news. With the expectation that the news will have a corrective fall. The 2738-2740 zone is still relatively strong to prevent the price from increasing back to ATH of gold. We are waiting for a SELL signal to bet on the news. Wish you a favorable trading day.
VETUSDT Long Setup Setting / Divergence on the ChartBINANCE:VETUSDT
COINBASE:VETUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
0.2295-0.2352
⚡️TP:
0.2360
0.2405
0.2440
0.2481
🔴SL:
0.2203
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
JASMY TECHNICAL ANALYSIS + TRADE PLAN (at the breaking point)Let’s break down the technical analysis for JASMY/USDT (Blaž Fabjan)
Falling Wedge Pattern:
Resistance: The upper trendline of the wedge shows that price has consistently been making lower highs, but the slope is not steep.
Support: The lower trendline connects lower lows, but the declines are shallow, indicating sellers are losing strength.
A breakout from the wedge, especially on strong volume, often leads to a bullish trend reversal.
Volume:
The volume bar shows moderate activity, but for the breakout to be valid, you will need confirmation through an increase in trading volume.
Current volume is around 34.85M, which should increase significantly during a confirmed breakout.
Momentum Indicators:
VMC Cipher B Divergences (Market Cipher Indicator):
Shows red dots indicating bearish divergence. However, this indicator could shift quickly depending on market movement.
Relative Strength Index (RSI):
Currently at 41.82, it is in the lower range of the neutral zone, indicating oversold conditions. A move above 50 would strengthen the bullish case.
Stochastic RSI:
At 13.47, this indicator is signaling extreme oversold conditions, which may imply that a rebound is likely.
Hull Moving Average (HMA):
Displays slight bearish momentum (red), but this could reverse once a breakout happens from the wedge.
Price Levels to Watch!
Breakout Level:
If JASMY breaks the wedge's upper resistance (approximately 0.0193 - 0.0195 USDT), this would confirm the pattern. A sustained breakout with high volume could push the price higher.
Support Level:
Immediate support lies near 0.0188 USDT, based on the lower wedge trendline. A breakdown below this level could invalidate the bullish reversal.
Resistance Level (Post Breakout):
After breaking the wedge, the next target is 0.0210 USDT, a key resistance level highlighted on the chart. A further target can be 0.0220 USDT.
TRADING PLAN
Entry:
Aggressive Approach: Enter at the current level or as soon as price reaches near the upper wedge resistance (0.0193 - 0.0195 USDT) with a tight stop loss.
Conservative Approach: Wait for a confirmed breakout above 0.0195 USDT with increased volume, followed by a retest of the breakout zone.
Stop Loss:
Place a stop loss just below the lower trendline of the wedge, around 0.0185 USDT, to manage risk in case of a breakdown.
Take Profit Levels:
First Target: 0.0210 USDT (resistance from the previous highs).
Second Target: 0.0220 USDT (next significant resistance).
Long-Term Target: If the breakout is strong, higher levels like 0.0230 USDT could come into play.
Risk Management:
Risk no more than 2-3% of your trading capital on this setup.
Adjust the stop loss to breakeven once the price hits the first target.
Exit Strategy:
If the price fails to break the wedge within the next 1-2 candles or breaks below 0.0185 USDT, consider exiting the position to minimize losses.
Trailing stops can be used to lock in profits as the price moves toward 0.0210 USDT and beyond.
The falling wedge formation suggests that a bullish reversal could be imminent for JASMY. However, traders should watch for confirmation through a breakout above the resistance line with strong volume. Utilize proper risk management to protect against downside risk while positioning for potential gains.
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan
Rising Wedge Pattern
A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline.
Support and Resistance Levels
Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate).
Resistance Levels:
$0.58642: This level is a key point to watch for short-term profit-taking if the price rises.
$0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline.
Volume Analysis
The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range.
Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward.
Divergence (VMC B Divergences)
The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop.
RSI and Stochastic RSI
RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold.
Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80.
Hull Moving Average Histogram (HMA Hist)
HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline.
Trading Plan
Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown)
Entry:
If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047.
Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles.
Profit Target:
First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio.
Stop-Loss:
Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout.
Indicators to Watch:
Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal.
Scenario 2: Upward Breakout After Decline (ATH Target)
Entry:
After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position.
Profit Target:
First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH).
Stop-Loss:
For the long position, place a stop-loss just below $0.18047 to protect against further downside risk.
Indicators to Watch:
Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift.
Risk Management
Risk per Trade: Limit risk to 1-2% of total trading capital.
Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance.
Summary
Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047.
Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
ETH: Fractal Pattern Forming—Steady with Possible DownsideIt appears that a potential fractal pattern is forming for ETH. When comparing the two highlighted boxes, the ups and downs in both are similar, though the second box is on a smaller scale. If this fractal plays out, we may see some steady ups and downs for ETH, with no major moves expected in the next few weeks.
However, with BTC on a downward trend over the coming days, it could pull the market down with it, leading to some further downside for ETH initially. It’s crucial that the lower support line holds—if it breaks, the market dynamics could shift significantly.
EURUSD Analysis Week 43🌐Fundamental Analysis
The European Central Bank (ECB) cut its key interest rate by 25 basis points (bps) as expected after its October policy meeting. In its policy statement, the ECB noted that it will continue to pursue a data-dependent and meeting-by-meeting approach to determine the appropriate level and duration of policy accommodation.
In her post-meeting press conference, ECB President Christine Lagarde acknowledged that economic activity in the Eurozone has been weaker than expected. On the inflation outlook, Lagarde said low confidence, geopolitical tensions and low investment pose downside risks to inflation. Lagarde's dovish tone kept the euro under pressure in the second half of Thursday.
The economic calendar will not feature any high-impact data on Friday. Meanwhile, US stock index futures traded in positive territory during the European session.
🕯Technical Analysis
EURUSD has recovered at the end of the week after consecutive bearish pullbacks. The downtrend is still showing no signs of stopping as the bullish waves are still relatively weak. At least the pair must recover and close above the 1.095 area to be considered a broken downtrend. Watch the resistance zone when the price recovers around 1.095 and 1.103 for SELL signals. The extended pullback of the pair may extend to 1.072 before the bulls can jump in to prevent the pair from continuing to slide.
📈📉Trading Signals
BUY EURUSD 1.07200-1.07000 Stoploss 1.06800
SELL EURUSD 1.09500-1.09700 Stoploss 1.09900
SOLUSDT Long Setup Setting / It's Risky but we are traders ...BINANCE:SOLUSDT
COINBASE:SOLUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
142.20
148.44
157.38
🔴SL:
126.23
b]🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
DOGE: Fractal Warning of Potential Slow Bleed AheadWhile DOGE has recently broken its trendline, this doesn’t necessarily signal a strong move to the upside. Looking at the fractal, there’s a strong possibility that this is the extent of the upward movement, and we may be in for a slow bleed over the next few days and weeks, bringing DOGE back down.
It’s worth keeping an eye on how this plays out, but don’t be surprised if the market trends downward instead of delivering the strong gains many are hoping for.
NZD/USD Attracts Modest Buying on Friday Amid USD WeaknessThe NZD/USD pair has attracted some buying interest for the second consecutive day on Friday, driven by a modest weakening of the US Dollar (USD). However, the upside momentum lacks strong bullish conviction as the pair continues to hover around the 0.6071 level, close to the one-month low touched earlier this week. Despite the rebound, market sentiment surrounding the pair remains cautious, with traders awaiting further cues from both global economic developments and key technical indicators.
US Dollar Weakness Offers Relief
The primary driver behind the modest gains in NZD/USD has been the slight pullback in the US Dollar. The greenback has recently shown signs of weakening after a strong rally in previous weeks, largely supported by robust US economic data and hawkish expectations around the Federal Reserve's monetary policy. The recent downtick in the USD has provided some breathing room for risk-sensitive currencies like the New Zealand Dollar, allowing for a temporary recovery in the pair.
Technical Outlook: Demand Zone Holds Firm
From a technical perspective, the NZD/USD pair appears to have rejected a significant demand zone, suggesting that there is support for the pair at current levels. This demand area has seen increased buying interest, particularly as retail traders remain extremely short on the pair. In contrast, smart money – typically institutional investors with deeper market insights – has started to build long positions, signaling a potential shift in market sentiment.
The rejection of the demand zone and the presence of long positions from smart money traders suggest that the NZD/USD pair could be poised for further gains. This technical setup aligns with the broader seasonality patterns that indicate a potential uptrend in the coming weeks.
Seasonality and Market Sentiment: Bullish Signs Ahead?
Seasonality data, which tracks historical patterns in currency movements, shows a potential uptrend for the NZD/USD pair. This is supported by the current market positioning, where retail traders are overwhelmingly short, creating a contrarian signal for a potential rally. Smart money's shift towards building long positions adds weight to the argument that the pair may be headed for a sustained move higher.
Given these factors, we have decided to open a long position on NZD/USD, taking advantage of the technical setup, smart money movements, and favorable seasonality trends. While the overall market sentiment remains cautious, the combination of these signals offers a compelling case for a potential bullish move in the near term.
Conclusion: A Cautious Bullish Outlook
While the NZD/USD pair has attracted modest buying on the back of USD weakness, the bullish conviction remains limited for now. However, the rejection of a key demand area, coupled with the increasing long positions from smart money and favorable seasonality patterns, suggests that the pair could see further upside in the days ahead.
As always, traders should remain cautious and monitor upcoming economic data releases and market developments that could influence the pair's direction. Nonetheless, the technical and fundamental setup currently points to a potential opportunity for upside gains, and we are positioned accordingly with a long trade.
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Gold Price Analysis October 18Fundamental Analysis
Gold prices rose above $2,700, hitting a fresh record high on Friday amid expectations of interest rate cuts and an easing monetary policy environment from major central banks. Moreover, persistent geopolitical risks stemming from ongoing conflicts in the Middle East, coupled with uncertainty surrounding the US presidential election, appeared to be boosting demand for the safe-haven precious metal.
The supportive factors have, to a large extent, offset the recent rally in the US Dollar (USD) to its highest since August, bolstered by growing acceptance that the Federal Reserve (Fed) will proceed with a modest rate cut. A stronger dollar tends to dampen demand for USD-denominated commodities, including Gold, which is still on track to post strong weekly gains and looks set to rise further.
Technical Analysis
Good morning traders. Gold continues to be at an all-time high. It is quite difficult to determine where the SELL zone is at the moment. We can only Scalp at the psychological port areas around 2720-2730. The important BUY zone is more clearly considered at
2675-2673. Before that, we cannot ignore the 2685 zone, the temporary all-time high for more than a month. Wish you a successful trading day
EUR/USD Breakdown – Quick Bounce or Headed for a Wipeout?Alright, trading family, the EUR/USD pair is riding some choppy waters. A short bounce to 1.0809 might be in the cards, but don’t get too comfy—it could just be a quick breather before we dive back toward 1.0700 or even deeper to 1.0645 or 1.0580.
Key Levels:
Breakdown Zone: 1.0700 – Looks like the next wave if sellers keep control.
Bounce Play: 1.0809 – Bulls might show up, but it could be a short ride.
Lower Support: 1.0645 / 1.0580 – If the tide turns, this is where we might land.
This is one of those "stay ready" moments—either we catch a quick rally or the tide pulls us lower. Keep an eye on those short time frames to catch the next set.
What’s your vibe—are we bouncing or heading straight into the deep? Drop your thoughts, follow, and share if this chart got you set for the next move.
Mindbloome Trader
NZD/USD Rebounds, But Caution Remains Ahead of US Economic DataThe NZD/USD pair rebounded today from a key demand area, but caution remains among traders as critical US economic data looms. The upcoming reports for USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims are expected to inject volatility into USD-correlated currency pairs, particularly affecting both EUR/USD and NZD/USD. These data points are crucial for assessing the strength of the US economy, and stronger-than-expected results could further support the US Dollar (USD), applying downward pressure on other currencies like the euro and the New Zealand Dollar (NZD).
China's Economic Data in Focus for NZD
In addition to US developments, market participants are likely to remain cautious ahead of key economic data from China, New Zealand’s top trading partner, scheduled for release on Friday. The upcoming GDP and Retail Sales figures will be closely monitored, especially after the recent disappointment in China’s CPI and PPI numbers. Weak results from China could have negative implications for the NZD, given New Zealand’s heavy reliance on trade with China.
The New Zealand Dollar has faced additional challenges, as China's recently announced fiscal stimulus measures have failed to lift market sentiment. Investors remain uncertain about the scale and impact of the stimulus package, further weighing on the outlook for the NZD.
USD Strength and Federal Reserve Outlook
Meanwhile, the US Dollar has found support from strong labor and inflation data, which has tempered market expectations for aggressive easing by the Federal Reserve (Fed). According to the CME FedWatch Tool, there is currently a 92.1% probability of a 25-basis-point rate cut in November, with little to no expectation of a larger 50-basis-point reduction. This has kept the USD resilient, further limiting the upside potential for the NZD/USD pair.
Technical Outlook and Market Sentiment
From a technical standpoint, while the NZD/USD has seen a rebound, the Commitment of Traders (COT) report reveals that retail traders remain bearish on the pair, whereas smart money has started increasing their positions. In addition, our forecast suggests a potential shift toward a bullish seasonality for the NZD, though market conditions remain uncertain.
Given the importance of today’s US economic data, we are adopting a patient approach, waiting for the news release before considering any entries. Stronger-than-expected US figures could dampen the outlook for the NZD, while weaker data may present opportunities for the NZD to regain strength.
In conclusion, while there are signs of a potential bullish trend emerging for the NZD/USD, the combination of ongoing USD strength and upcoming key economic releases from both the US and China makes it necessary to remain cautious in the near term. Patience will be key as we await further developments in the market.
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