AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
AUD/CHF is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 0.575.
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Trading
NZD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
NZD/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.519 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/NZD LONG FROM SUPPORT
Hello, Friends!
Bullish trend on GBP/NZD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2.144.
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VELAS is ready to fly (Alex Alexandrow is back)🚀 VELAS: The Future of Blockchain! 🚀
NOW is the time to act on VELAS ( LSE:VLX )! With the return of Alex Alexandrow, a pivotal figure in the Velas ecosystem, the project is re-energized, and bullish momentum is about to take off. This is your chance to get in at the right time before Velas rockets up. The chart shows a clear bullish reversal pattern, signaling a massive breakout potential! The clock is ticking, be part of the next wave in crypto!
Technical Analysis of VELAS ( LSE:VLX ) by Blaž Fabjan
The 1-hour chart of VELAS shows the formation of a classic falling wedge pattern, which is a well-known bullish reversal signal.
Here's a detailed breakdown:
Falling Wedge: Bullish Reversal
Support and Resistance: The wedge pattern is narrowing, indicating that the price has been consolidating, building pressure for a breakout.
Breakout Imminent: As the price has broken out of the wedge, this confirms a potential bullish reversal. Expect upward momentum in the near future.
Technical Indicators
VMC Cipher B (Volatility & Momentum):
The indicator shows signs of divergence, with momentum shifting towards bullish territory. Expect increased buying pressure soon.
Look for key bullish signals like green dots or a shift in the oscillator for confirmation.
RSI (Relative Strength Index):
RSI is hovering around 44.7, indicating that the asset is neutral but leaning towards an oversold condition. This suggests the price is ready to rise as momentum builds.
Stochastic Oscillator:
The stochastic is bouncing from a low of 47, indicating that bullish momentum is starting to pick up. Crossovers here signal a potential upward trend.
Key Levels to Watch
Immediate Resistance: $0.01194 — this level is crucial for confirming the bullish reversal. Once broken, it opens the door for further gains.
Next Targets: After surpassing $0.01194, the next target is around $0.0166, which is the previous high and a major psychological barrier.
Support: $0.01115 — should act as strong support if prices retest this level during a short-term pullback.
Trading Plan for VELAS
Entry Strategy:
Entry Zone: $0.0112 to $0.0115 — this area offers a prime buying opportunity with minimum downside risk. Set limit orders in this range.
Breakout Buy: If Velas breaks above $0.01194 (resistance), a momentum trade can be initiated, targeting the $0.0166 level.
Stop Loss:
$0.0108 — place a stop loss below this level, ensuring protection against any sudden downside moves while allowing enough room for price fluctuation during consolidation.
Take Profit Targets:
$0.014 (Short-term)
$0.0166 (Medium-term)
$0.017 and beyond (Long-term upside potential)
Risk Management:
Risk-to-reward ratio should be at least 1:3. Allocate no more than 2-3% of your total portfolio to each trade, maintaining a balanced exposure.
Velas is Ready to Fly 🚀
With the technical patterns aligning and the return of key leadership, VELAS is poised for a bullish breakout. This presents a golden opportunity for both short-term traders and long-term investors. Don’t wait too long—once the breakout happens, the price could surge quickly!
Start building your positions now before the hype takes this token to new heights is my advice :) Best regards, Blaž
WAGYUSWAP new MILLIONAIRES ON THE HORIZON (TA+trade plan)🚀 SOON NEW MILLIONAIRES ON THE HORIZON! 🚀
WAGYUSWAP is poised for a massive breakout with its Cup and Handle formation. This is one of the most powerful bullish signals in technical analysis, and we are on the verge of something HUGE. With momentum building, WAGYUSWAP has the potential to catapult into life-changing gains! Early investors have the chance to secure millionaire status as the breakout is IMMINENT.
Don't miss out on this golden opportunity to ride the wave of a new crypto revolution. Time is ticking, and those who act fast could be the next crypto millionaires! The sky’s the limit! 🌕💸
WAGYUSWAP (WAGYUUSDT) Technical Analysis + trade plane by Blaž Fabjan
Cup and Handle Formation
The chart reveals a clear Cup and Handle pattern, a bullish continuation signal. The price action has developed a rounded bottom, suggesting a steady accumulation phase followed by a minor consolidation that forms the handle. This pattern indicates a strong probability of a breakout, targeting higher price levels.
Key Support and Resistance Levels
Support Level: The major support lies at $0.00007533, holding strong and representing a solid floor for any downward movements.
Resistance Levels: The chart highlights critical resistance zones:
$0.00010000 (psychological resistance)
$0.00015000 (target resistance)
The breakout from the handle, if confirmed, could propel WAGYUSWAP towards these resistance levels, marking a substantial bullish move.
Indicators Overview
VMC Cipher B: The current momentum shows divergences, indicating a strong possibility of upward movement. The positive momentum is gaining traction with increasing bullish pressure, reflecting a breakout potential.
RSI (Relative Strength Index): The RSI is showing bullish strength, hovering around 51.87, and climbing towards the overbought territory. This upward movement suggests strong buying pressure and the possibility of a sustained rally.
Stochastic RSI: Currently sitting at 96.67, the Stochastic RSI indicates an overbought condition. While this typically points to a potential retracement, it could also signify the start of a parabolic move during strong bullish trends.
Trading Volume
Volume Analysis: The chart indicates an uptick in trading volume during the formation of the cup, especially as the price approaches the breakout zone. A volume surge is expected as WAGYUSWAP breaks out of the handle.
Trading Plan for WAGYUSWAP (WAGYUUSDT)
Entry Point
Aggressive Entry: Traders looking to capitalize early can enter at current levels near $0.00009750, expecting the breakout from the handle. This offers a favorable risk/reward ratio, provided stop losses are tight.
Conservative Entry: For a safer approach, wait for a confirmed breakout above the $0.00010000 level, preferably accompanied by high volume to validate the move.
Target Levels
First Target: $0.00013000 – short-term profit target based on the depth of the cup formation.
Second Target: $0.00015000 – medium-term target as the price surges past resistance levels.
Stop-Loss
Place a stop-loss just below the support level of $0.00007533. This keeps the risk controlled in case of an unexpected retracement.
Risk Management
Risk no more than 1-2% of your capital per trade, and adjust position sizes accordingly to account for volatility in the cryptocurrency market.
WAGYUSWAP is poised for a massive breakout with its Cup and Handle formation. This is one of the most powerful bullish signals in technical analysis, and we are on the verge of something HUGE. With momentum building, WAGYUSWAP has the potential to catapult into life-changing gains! Early investors have the chance to secure millionaire status as the breakout is IMMINENT.
Don't miss out on this golden opportunity to ride the wave of a new crypto revolution. Time is ticking, and those who act fast could be the next crypto millionaires! The sky’s the limit! 🌕💸
XAU short term trend predictionGold did not receive support from economic news or data last week but still maintained a stable price.
The US consumer price index in September 2024 did not meet the expected growth rate. The number of unemployment claims in the US increased to 258,000, higher than the forecast of 230,000.
The market is closely watching the next economic reports from the US to predict the possibility that the US Federal Reserve (Fed) will cut interest rates next month.
There is an 80% chance that the Fed will cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will be kept unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thereby supporting gold prices.
Gold analysis at the beginning of the weekGold has reacted at the retest support zone and given a Buy signal after the Gap. Congratulations to those who have learned about price Gaps and buy signals. Gold prices may return to a strong uptrend after the retest at the beginning of the week. Today is a bank holiday for some important currency pairs, so the currency market may be gloomy and investors will focus more on Gold.
Note SELL scalping 2660 Asian and European session
XAU short term trend predictionEconomic events this week that could impact gold include U.S. retail sales data to see if consumer spending continues to be resilient, and the European Central Bank’s monetary policy decision on Thursday. Markets will also be watching the Empire State manufacturing survey, weekly jobless claims, housing starts and U.S. building permits.
Gold breaks the downtrend With RSI (14) additionally breaking the downtrend, evidently the fairly pessimistic image of the beyond month is turning into brighter for buyers, giving investors a caution of a retest of report highs. transaction. MACD has now no longer but showed the signal, even though it is displaying symptoms and symptoms of bottoming.
We noticed a small pullback throughout early Monday buying and selling in Asia, as costs retested the small uptrend from mid-September, which had furnished aid till broken. broke early closing week.
If the charge holds above this level, keep in mind shopping for above with a good forestall underneath to defend the goal push to a report excessive of $2,685.7. If it breaks, investors can search for a push to $2700.
💎 XAUUSD sell 2652-2654💎
✔️TP1: 2645
✔️TP2: 2640
✔️TP3: OPEN
🚫SL: 2660
💎 XAUUSD buy 2642 - 2640💎
✔️TP1: 2652
✔️TP2: 2665
✔️TP3: OPEN
🚫SL: 2633
EURUSD week 42 analysis🌐Fundamental Analysis
EUR/USD consolidated near 1.0930 in New York trading on Friday. The major currency traded sideways as the US Dollar (USD) remained flat despite the release of US Producer Price Index (PPI) data showing that producer inflation accelerated faster than expected in September compared to a year earlier. The US Dollar Index (DXY), which tracks the greenback against six major currencies, hovered around 103.00.
Higher-than-expected US producer inflation following stubborn inflation data has raised the risk of persistent inflation. However, according to CME's FedWatch tool, this is unlikely to affect market expectations that the Federal Reserve will cut interest rates by 25 basis points (bps) in November. In contrast, Atlanta Federal Reserve Bank President Raphael Bostic has suggested keeping interest rates unchanged at 4.75%-5.00% in November.
🕯Technical Analysis
EURUSD's bearish wave has not stopped yet as the pair's DOW waves have not yet shown strength. The strong reaction at 1.090 has established this area as an important support area for the pair next week. The upper limit in front of us is the peak area of 1.0980. The widest trading range that the pair will operate next week is around the support area of the previous month's bottom around 1.080 and the disputed resistance area of 1.104. The SELL point coincides with Fibonacci and EMA so we can put our trust in trend SELL orders.
📈📉Trading Signals
BUY EURUSD 1.080-1.078 Stoploss 1.076
SELL EURUSD 1.104-1.106 Stoploss 1.108
CHZ in a Multi-Year Winter: Awaiting a Break for Wave 3 of 1CHZ looks like it’s deep into a multi-year correction as part of Wave 2 of the higher degree trend. The flameout in Wave 5 of 1 resulted in the current, drawn-out consolidation. This extended correction could be unfolding as a WXYXZ or a very elongated ABC pattern, reflecting the market’s need to churn and reset after the huge rally.
For now, volume remains low, suggesting the slow bleed may continue for some time longer. However, if we see a significant increase in volume, combined with a break of the upper trendline, this could signal the start of Wave 3 of 1, setting the stage for a strong impulse move upward.
Until then, patience is key, as the consolidation phase persists. But when the conditions align, CHZ could be primed for a major breakout.
USD_CHF WILL GO UP|LONG|
✅USD_CHF has retested a support level of 0.8550
And we are seeing a bullish reaction
With the price going up but we need
To wait for a confirmation
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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USD-CAD Is Overbought! Sell!
Hello,Traders!
USD-CAD is trading in an
Uptrend and the pair is
Locally overbought so
After it hits a horizontal
Resistance of 1.3800
From where we will
Be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
USOIL Massive Short! SELL!
My dear followers,
This is my opinion on the USOIL next move:
The asset is approaching an important pivot point 75.44
Bias - Bearish
Safe Stop Loss - 77.07
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 72.67
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
TESLA The Target Is UP! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 217.76 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 234.79
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
BTCUSD: Market Is Looking Down! Sell!
Welcome to our daily BTCUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 61,953
Wish you good luck in trading to you all!
ETHUSD: Move Up Expected! Buy!
Welcome to our daily ETHUSD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,485.6
Wish you good luck in trading to you all!
Better Buy Levels SoonTVC:GOLD
Based on my analysis, I believe Gold TVC:GOLD is currently at a good selling level. There is potential for the price to drop down to the 0.71 Fibonacci retracement level, which could present a great buying opportunity.
Stop Loss: Set just above the recent order blocks, as compared across different time frames.
While there may be better selling points ahead, the current support built above the current price level provides confidence in a sell position at this moment.
However, if this support level is broken, we should reconsider the selling strategy and potentially look for long opportunities instead.