Ethereum Danger Zone —Protection, Correction or Continuation?Ethereum can be seen trading below EMA55 on the 4H timeframe. The biggest volume session happened 9-May and it was red. This tells us that there is correction potential after a very strong 101.1% bullish growth wave.
There are mainly three levels to consider for the correction potential after ~100% growth. 0.382, 0.618 & 0.786 Fib. retracement levels. After the test of these levels, whichever one comes last, we can read the chart again and see if Ethereum will continue lower or produce a bullish wave.
One thing is very certain though, after strong growth, there is always a correction/retrace. This is what you are seeing now in this chart. The start of the drop. Taking action is best.
The market moves in waves and will never stop this pattern, it fluctuates. To trade, one buy lows near support; sells high when resistance hit. 100% growth is very strong for the second biggest Cryptocurrency project, the #1 Altcoin.
After a strong bullish wave there is always a correction. After the correction there can be more correction but at some point the market turns. Each chart/pair needs to be considered individually on multiple timeframes to have a better understanding as to what will happen next.
In a single day, based on the news, market conditions can always change. Stay alert!
Namaste.
Trend Analysis
Oil Price Stuck Near $60 Amid Geopolitical TensionsOil Price Stuck Near $60 Amid Geopolitical Tensions
Oil prices remain near $60, driven by global uncertainty. In the Middle East, tensions persist as Israel continues its military actions in Gaza. Meanwhile, the war between Ukraine and Russia continues despite U.S. efforts to mediate. Reports indicate that Russia has used North Korean weapons to intensify missile strikes on Ukrainian infrastructure, raising concerns about Moscow’s reliance on Pyongyang.
Adding to the uncertainty, Trump’s tariff policies are creating instability for major economies. However, OPEC+ has pledged to increase oil production in July, which could push prices lower.
For now, $60 remains a strong support level. If the price breaks below this barrier, further declines could follow, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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USDCAD: Bearish After the News 🇺🇸🇨🇦
USDCAD looks bearish after a release of today's fundamental news.
A bearish breakout of a rising channel on a 4h time frame
and a strong selling reaction after its retest provide
a reliable bearish continuation.
I think that the price may drop to 1.3743 support.
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Bitcoin Correction or Trap? Watch This Support Zone CloselyExclusive #Bitcoin Update
I got lots of DMs, people are asking:
Do you think the bull trend is finished, or is it just a correction and pullback?
Guys, first stop panicking.
This is exactly what the shark wants you to do. Don’t let them shake you out.
Let’s get to the chart:
My previous chart got invalidated, and the current situation is that CRYPTOCAP:BTC is defending strongly around the $104.8K to $104.3K support zone.
According to the FIB level, we’re currently at the 0.383 level. This area has previously served as strong resistance, so it can now function as effective support.
If bulls manage to bounce from this area and push above $107K, we could trigger a sharp move toward the $112K–$113K liquidation zone,
where we have almost $12B in short liquidations acting as a strong magnet!
Let's talk about the worst-case scenario, in case we break down below this supportive area, then we have
200 EMA and a strong support around $101.4k to $101.8k.
I’ll keep you posted as things unfold. If you find my updates helpful, don’t forget to like and follow for more! #Bitcoin2025
CRYPTOCAP:BTC BITSTAMP:BTCUSD BINANCE:BTCUSDT
NVIDIA Massive Cup and Handle targets $200.NVIDIA Corporation (NVDA) is pulling back aggressively following yet another positive Earnings report, where they beat the estimates again but the market is reacting with selling. That has been a 'norm' in the past 12 months but even from a technical standpoint, the price reached the 143.60 Resistance level (made of the February 18 High), so profit taking is technically normal market behavior here.
On the longer term however, this Resistance test potentially forms the top f a very powerful pattern, the Cup and Handle (C&H). At the moment, the market has the support of both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) and the Handle, which has just started, has some room to safely consolidate for a while before the pattern break-out upwards.
Technically, C&H patterns reach their 2.0 Fibonacci extensions after the break-out, so our medium-term Target is set at $200.
Notice also the Bearish Divergence on the 1D RSI, which is similar to that of late October 2024. A break below the 1D MA50 risks the bullish structure on this pattern.
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SHOULD WE WORRY ABOUT BTC? NEXT MOVE BTC Rejected From 4H FVG Around 110001-110613. Also, we should not forget made double top. And then headed to 106800 area. And MOST IMPORTANT BREAK BELLOW the TREND LINE. Now try to retest the TRENDLIND. If successfully retest and reject, then that will be an opportunity to open short. NOTE: WE SHOULD WAIT FOR THE RETEST CONFERMATOIN.
EURUSD | Bearish Divergence | Bearish MomentumCurrently, EURUSD is clearly in a downtrend, consistently forming lower lows and lower highs, confirming a bearish market structure. According to Dow Theory, the recent bullish momentum has now shifted into a confirmed downtrend. Additionally, the 1-hour trendline support has been broken, signaling weakness in the previous bullish leg. We now anticipate a pullback toward the recently broken structure or resistance zone, where further bearish continuation is likely.
On the 1-hour timeframe, a well-formed bearish divergence on the RSI adds confluence to our bias, indicating weakening bullish momentum and a potential trend continuation to the downside. Since our initial entry was slightly late, we’ve strategically placed a limit order near the retest zone and executed a partial position at the current market price to secure early exposure. Overall, structure and momentum both align with short-term bearish sentiment.
Operation suggestions after the Fed's hawkish minutes!
The news that the US federal court ruled to prevent the implementation of tariffs boosted market risk sentiment, and the safe-haven demand weakened accordingly. The gold price fell for the fourth consecutive trading day, hitting a new low in a week and a half. At the same time, multiple factors such as the hawkish signal released by the Fed's meeting minutes, the upward trend of US Treasury yields and the return of the US dollar index to the 100 mark jointly put pressure on the gold price. The recent continued weakness of gold is mainly affected by the dual impact of the rebound of the US dollar and the decline in safe-haven demand, but the medium- and long-term support factors are still accumulating, especially against the background of the Fed's maintenance of a high interest rate policy and the escalation of geopolitical tensions in the Middle East. It is necessary to pay attention to the release of the US PCE price index this week. This data will become an important reference node for judging the direction of the Fed's monetary policy and the trend of gold prices.
The 4-hour chart of gold shows that the short-term trend is obviously weak. From the perspective of the moving average system, the short-term moving average is in a long arrangement, which continues to suppress the gold price, and the upward trend is further confirmed. In terms of operation, it is recommended to maintain a low-long strategy and focus on the long opportunities after the correction. The short-term trading strategy for the day is mainly to buy on dips. The upper resistance level is 3215-3220, and the lower support level is 3250-3245. The specific operation suggestion is to buy when the callback reaches 3388-3393, and this range needs to be paid special attention.
Gold recommends buying when the callback reaches 3288-3293, with a target of 3305-3320, and hold when it breaks
BBAI Round 2Big Bear AI is a military based AI company aimed at increasing productivity and efficiency for military endeavours in the USA.
Although this company is currently un-profitiable, it does seem to be providing a nice technical setup for a potential squeeze here after a previous breakout of the lower range volume profile.
I would like to take a long trade here as we break $4.20 and pump it up to approx $7.
Stoploss set to 3.70 in case this is a failed rally.
GOLD (XAUUSD): Detailed Daily Time Frame Analysis
Gold is officially in correction now.
Analysing a price action on a daily time frame,
we can see a valid bullish flag pattern.
A minor trend that we see within the boundaries of the flag
reflects a global overbought state of the market.
The upper boundary of the flag is a strong vertical resistance
that concentrates a selling interest.
An accurate signal of a resumption of a bullish trend will be
a breakout and a candle close above that.
A bullish wave will be expected at least to 3420 then.
Remember that we can not predict how long the market will
keep trading within the flag. Also, the market may easily
drop lower within that, updating the low.
If a correction continues below the low of a flag pole,
that may signify a global bearish reversal.
Of course, from a current geopolitical and economic perspective
it is a low-probability scenario.
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Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.3895
1st Support: 1.3792
1st Resistance: 1.3943
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
PEPEUSDT Bullish Breakout Potential from Falling WedgeChart Pattern: Falling wedge (bullish) identified on the weekly chart.
Indicators:
RSI: Above 50 on daily, weekly, and monthly charts, indicating bullish momentum across timeframes with no immediate overbought conditions (RSI < 70).
EMA: Bullish on weekly and monthly charts (price above key EMAs).
Current Sentiment: Mixed but leaning bullish. X posts highlight optimism, with traders noting a bullish pennant, whale accumulation, and parallels to PEPE’s 2023 breakout structure. However, recent price dips suggest caution.
Key Narratives:
A dormant whale withdrawing 2.2T PEPE ($29M) from Binance on May 19 signals strong holder confidence.
Predictions of a 50-100% rally if the short term bullish pennant breaks, with a potential new ATH in June 2025.
Correlation with Bitcoin’s ATH proximity suggests PEPE could benefit from a broader crypto rally.
Conclusion:
PEPE is well-positioned for a potential bullish breakout in the near term, supported by the falling wedge, RSI > 50, and bullish EMAs across timeframes. Its meme coin nature ties its performance to community hype and broader crypto market trends, particularly Bitcoin’s trajectory.
Not financial advice.
Gold Trade Plan 30/05/2025Dear Traders,
The market is currently ranging between 3250 and 3330. The midline zone of the range box, around 3285–3290, is a key area for the continuation of the bullish trend. Price has bounced upward several times after touching this zone. If the 3285–3290 area is broken, the price is likely to drop first toward the 3250 level.
if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Is Ethereum set to fire up ?Ethereum has been consolidating for the past 2 weeks between 2300 and 2700.
Upside resistance at 2700-2750 levels puts pressure on short-term prices.
A convincing close above the 2750 level triggers fresh upside in the short term, leading to a retesting of 3300 as an Initial target. Risk is defined at 2300. A close below this level will negate the bullish view.
"PEPE 1H Analysis - Breakout Incoming? 📊 *PEPE/USDT – 1H Technical Analysis*
An ascending triangle pattern is developing on the 1-hour timeframe, which often indicates potential bullish momentum.
🟢 Price is approaching a key resistance near *0.00001516*.
🟡 A clean breakout above this level with strong volume may open the door for further upside.
🔴 Watch for *confirmation* before considering any move.
🔍 This chart is purely for educational and analytical purposes.
No financial advice. Do your own research before making any trading decisions.
#PEPE #PEPEUSDT #Crypto #TechnicalAnalysis #TradingView #Altcoins
XRPUSD at weekly support, ready to aim for 3$XRPUSDT is currently sandwiched between weekly support WS1 and weekly resistance WR1.
The price is currently trading inside weekly support WS1.
This is the place from where it should find support and gather necessary momentum for a bounce.
The bounce from WS1 shall lead the price to the daily resistance around 2.57 marked with horzontal blue line on the chart.
There the price is likely to face some pullback towards 2..36 only to come back again with force to go beyond this daily resistance zone.
This next move upward after the pullback from daily resistance around 2.57, shall lead the price to weekly resistance WR1 around 3$.
Dogecoin Bearish (BD) but Bullish (BU)You see, Dogecoin is bearish but this bearish is only short-term. This retrace can last a few days more and then the market will turn and start growing again. In the worst case scenario, the drop can extend and last one or two weeks, that's it. Nothing more.
So, what does it matter if it goes down short-term when it will grow in the long haul.
See the pattern on the chart and the rising trendline at the bottom. This is the main support. The bullish structure will remain intact, the market is adapting because obviously, too much leverage can never work.
Once the over-leverage is removed from the market, we resume growing and this resumption is just around the corner. Next week or the week after, it doesn't matter, we are going higher.
Namaste.
BTC LONG TP:110,000 29-05-2025📈 TradingView Post:
🚀 LONG Setup Activated
Entry between 105,400 and 106,000, targeting 109,500–110,500 on the 2H timeframe.
Estimated duration: 30 hours ⏳
We’re looking at a fake Head and Shoulders — a trap setup with bullish reversal potential.
This kind of move shakes weak hands before launching.
If the price doesn’t play out within the timeframe, the setup is invalid.
We don’t use indicators, we’re not out here drawing lines or cute little shapes — I just give you a clean trade.
#BTC #PriceAction #Reydragon21
Bitcoin faces increasing selling pressure!
Bitcoin surged to a new all-time high this week, marking the third all-time high (ATH) of this cycle, sparking widespread market activity.
Glassnode data shows Bitcoin profit-taking surges at record highs
According to analysis by Glassnode researchers Cryptovizart and Ukuria OC, the breakout indicates accelerated investor participation in exchanges, derivatives, and exchange-traded funds (ETFs), though the $120,000 region could trigger heightened selling pressure.
Glassnode’s latest “Heating Up” report details how Bitcoin’s rise has pushed unrealized profits to “ecstasy phase” levels, with the relative unrealized profit indicator exceeding its +2σ band. Still, profit-taking remains below historical extremes, with the firm noting that only 14.4% of days saw higher realized profits.
Analysis by Cryptovizart and Ukuria OC highlights that current spending behavior is “dominated by profit-taking,” as coins deposited to exchanges have realized an average gain of $9,300 — 12 times the losses.
Glassnode has observed a significant uptick in exchange activity. Centralized platforms now handle 33% of Bitcoin’s on-chain volume, a significant rise in line with price discovery. Researchers link this to increased trading demand, with exchanges seeing daily inflows/outflows of $4 billion to $8 billion.
The enthusiasm is also reflected in the derivatives market, Glassnode reports. Futures open interest has surged 51% since April to $55.6 billion, while options have reached an all-time high of $46.2 billion. The report further highlights that this reflects a “sophisticated investor base” using complex strategies.
Spot ETF inflows have exceeded $300 million per day, maintaining buy-side pressure since late April. Glassnode sees this as a “meaningful tailwind” for the recent breakout of all-time highs from institutional and retail demand. Technically, Bitcoin is trading above key momentum indicators (111DMA: $91.8K; 200DMA: $94.3K; STH cost basis: $95.9K).
However, Glassnode’s MVRV ratio positions the price in the area between +0.5σ ($100.2K) and +1σ ($119.4K) — a region historically associated with overheating. The researchers warn that the $120,000 level is consistent with the STH cost base +0.5σ and could accelerate seller pressure.
Glassnode concludes that while accumulation and leverage trends indicate bullish momentum, consistent behavior around psychological resistance levels such as $120,000 calls for caution, echoing previous cycle patterns.
Lingrid | TONUSDT Base Building For ExpansionOKX:TONUSDT continues to drift along the lower boundary of its long-standing descending channel, hovering just above the support near 2.87. Despite repeated lower lows, price action is compressing within a narrowing wedge above the "buying area," suggesting potential for a breakout attempt. Bulls may target 4.30 if the lower boundary holds and a reversal confirms. Accumulation signs are becoming more evident at these levels.
📈 Key Levels
Buy zone: 2.85–3.00
Buy trigger: breakout above 3.00
Target: 4.30
Sell trigger: breakdown below 2.85
💡 Risks
Rejection at the 3.00 psychological and horizontal resistance
Failure to break downward trendline
Breakdown of channel support would open deeper downside potential toward 2.00
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