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Solana Breaks Inverse H&S Neckline & Clears TriangleTraders, Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$. We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana. We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood. Best, Stew
COINBASE:SOLUSDLong
by stewdamus
SasanSeifi 💁‍♂DXY/ Daily Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a range-bound market. If the daily candle closes with a strong body, we can expect positive movements towards 104.400 and 104.975. We must observe how the price reacts at these levels to understand the further trend. If the index breaks above 104.970/105 and consolidates, it can create a new high above 104.976 and potentially reach 105.500/106. Otherwise, after ranging and confirmation of SELL in lower time frames, we may see a correction. The key support levels are 103 and 102.350. Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.❗❌ I hope this analysis was helpful! If you have any questions, feel free to ask.🙌
TVC:DXY
by SasanSeifi
SasanSeifi 💁‍♂SOL/4DAY Long-Term 🧐 Hey there,✌ Solana's price oscillated between $10 and $27 for an extended period. After breaking the long-term downtrend line, the demand for SOL increased, resulting in an upward trend for approximately 6 months. the price has ranged and accumulated volume around $100 before surging to $207. Current Movement: The price is heading towards its previous all-time high (ATH) of $259. Scenarios: 1. If the momentum weakens around $250 and is confirmed, the price may experience a correction. After a pullback, we can expect further growth in the long term. 2. If the price faces demand and breaks above the previous ATH, the first target would be the $350 price range. The chart above illustrates the possible trends and long-term targets for Solana. Long-Term Support Levels: $130 $100 (The chart is logarithmic.) Remember, this is just a technical analysis and not financial advice. Always do your research before making any investment decisions.❗❌ I hope this analysis was helpful! If you have any questions, feel free to ask.✌
Long
by SasanSeifi
HelenP. I Swiss Franc will rebound up of support zone to $0.8830Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see ho the price some time ago rebounded from support 1 and in a short time declined to the trend line, breaking support 2, which coincided with the support zone too. But soon, CHF rebounded from the trend line and started to rise in an upward channel, where the price rose to the support zone and some time traded inside. Next, the price broke support 2 one more time and rose until to support 1, which coincided with the resistance line of the channel with the support zone, but at once rebounded and fell to the support line, which is the trend line too. After this movement, CHF rebounded from this line and made a strong impulse up higher than support 1, thereby breaking it and even recently price rose higher than the support zone and now it trades near this area. For my mind, the Swiss Franc will decline to the support zone, after which it turn around and continues to rise to the resistance line of the upward channel. That's why I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
BNBUSDT - Price can bounce up to $327 level from support areaHi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Some time ago price bounced from support area, which coincided with $254 level, and declined to support line of rising channel. After this, BNB at once bounced up from this line to resistance line of channel, thereby breaking $254 support level. Next, price made little correction, and after this, it made upward impulse to $338 points, breaking $300 level and exiting of channel. Also then, BNB started to trades in wedge, where it soon bounced from resistance line and declined to support line of wedge. Now, price continues to trades very close to this line and in my mind, Binance Coin can fall to support area and then bounce up to $327 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
Gold price trades with mild positive bias, upside potential seem OANDA:XAUUSD Gold price trades with mild positive bias, upside potential seems limited 4 January 2024 •Gold price ticks higher and moves further away from over a one-week trough touched on Wednesday. •An uptick in US bond yields acts as a tailwind for the USD and might cap any meaningful upside. •Traders now look to the US ADP report for a fresh impetus ahead of the key NFP data on Friday. Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar. The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among policymakers that inflation is under control and the downside risks to the economy associated with an overly restrictive stance. This, along with a generally weaker tone around the equity markets, allowed the precious metal to attract some buyers near the $2,030 area and gain some follow-through traction during the Asian session on Thursday. The minutes, however, did not provide any clues about the timing of when the Fed will start cutting interest rates. This comes on the back of Richmond Fed President Thomas Barkin's remarks that interest rate hikes remain on the table and act as a tailwind for the US bond yields, which should limit any meaningful downside for the Greenback and cap the Gold price. Meanwhile, traders are seeking more clarity on the Fed's policy outlook. Hence, the focus will remain glued to the release of the closely-watched US monthly employment details – popularly known as Nonfarm Payrolls (NFP) report on Friday. In the meantime, Thursday's US economic docket, featuring the ADP report on private-sector employment and the usual Initial Jobless Claims, will be looked upon for short-term trading opportunities later during the early North American session. Nevertheless, doubts over the possibility of early interest rate cuts by the Fed might hold back traders from placing aggressive bullish bets around the non-yielding Gold price, warranting some caution before confirming that a one-week-old downtrend has run its course. Daily Digest Market Movers: Gold price attracts some dip-buying, albeit lacks bullish conviction •Bets that the Federal Reserve will cut rates in March, along with geopolitical tensions, help the Gold price to build on the overnight bounce from over a one-week low. •The December FOMC meeting minutes revealed that members generally viewed the addition of 'any' to the statement as an indication that policy rates are likely near peak. •Policymakers observed progress on inflation, though noted that circumstances might warrant keeping interest rates at the current level longer than they currently anticipate. •Moreover, the minutes did not provide direct clues about the timing of when a series of interest rate cuts in 2024 might commence. •Richmond Fed President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing and said that rate hikes remain on the table. •The yield on the benchmark 10-year US government bond holds steady below 4.0%, which should act as a tailwind for the US Dollar and cap the non-yielding yellow metal. •The Institute for Supply Management (ISM) said on Wednesday that the pace of decline in the US manufacturing sector slowed amid a modest rebound in production. •The US ISM Manufacturing PMI improved to 47.4 last month from 46.7 in November, though remained in contraction territory for the 14th consecutive month. •The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed that employment listings fell to 8.79 million in November – the lowest since March 2021. •Traders now look to the US ADP report, which is expected to show that private-sector employers added 115K jobs in December as compared to the 103K in the previous month. •The market focus, however, will remain glued to the official monthly employment details – popularly known as the Nonfarm Payrolls (NFP) report on Friday. Technical Analysis: Gold price might now face resistance near the $2,048-2,050 horizontal zone From a technical perspective, the overnight breakdown and acceptance below the $2,050-$2,048 resistance-turned-support favours bearish traders. That said, oscillators on the daily chart are still holding in the positive territory and warrant some caution. Hence, it will be prudent to wait for some follow-through selling below the overnight swing low, around the $2,030 area before positioning for any further depreciating move. The Gold price might then accelerate the slide towards the 50-day Simple Moving Average (SMA), currently around the $2,012-2,011 area, en route to the $2,000 psychological mark. A sustained break below the latter might shift the near-term bias in favour of bearish traders. On the flip side, momentum back above the $2,050 region now seems to confront stiff resistance near the $2,064-2,065 area. The next relevant hurdle is pegged near the $2,077 horizontal zone, which if cleared decisively should allow the Gold price to aim back towards reclaiming the $2,100 mark. US Dollar price this week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP CAD AUD JPY NZD CHF USD 1.16% 0.44% 0.66% 1.08% 1.64% 0.84% 0.91% EUR -1.01% -0.55% -0.36% 0.08% 0.49% -0.17% -0.16% GBP -0.46% 0.55% 0.22% 0.63% 1.27% 0.38% 0.38% CAD -0.66% 0.33% -0.03% 0.41% 0.98% 0.16% 0.19% AUD -1.09% -0.08% -0.63% -0.44% 0.38% -0.26% -0.22% JPY -1.65% -0.44% -1.12% -0.79% -0.40% -0.65% -0.79% NZD -0.83% 0.19% -0.38% -0.17% 0.27% 0.65% 0.03% CHF -0.85% 0.17% -0.37% -0.17% 0.25% 0.78% 0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
OANDA:XAUUSDLong
by sniper_2022
GBPUSD H4 / NEW PERSPECTIVE FOR SHORT&LONG ENTRY📉📈✅Hello Traders! This is my idea for GBPUSD H4. At the moment, I see a well-constructed bullish channel and I expect a retracement from the channel resistance level where we have an OB, another resistance level, and an FVG. It represents a good opportunity for Short Trade execution on a smaller timeframe and Long Trade execution on a higher timeframe. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST