SWING IDEA - POLYPLEXNSE:POLYPLEX has hit its 3 year low of 800 levels recently. At this zone, it can been that while the Price Action has been making Lower Low Pattern, the MACD however is starting to form a Higher High Pattern.
This MACD Higher Higher Pattern the recent crossover as well indicates a move in the upward direction.
Follow Strict Stop Loss here as any weekly closing below the Swing Low levels can only take the stock further downward.
This could potentially be a High Risk High Reward Trade. Take it only based on your Risk Appetite and Management.
Trend Analysis
EURUSD (Cycles)EURUSD Moving on the channel. I showed the cycles (about 4 year cycle). Need touch to resistance line of the channel (50-61.8% level fibonacci). After that, I must show the minimum of this cycle. Most likely it will be in 2018. This will be accompanied by a strong strengthening of the dollar
Ethereum (ETH): Possible 18% Drop ComingEthereum has done so far a decent decline, breaking our bounce zone, where sellers have secured this zone as well with a re-test.
We are now expecting to see a possible break of structure to form near $3,100, which would lead price towards the support on lower zones!
Swallow Team
What if Santa is REAL?!Hear me out.
Santa is coming this year.
Let's assume that the correction is over for the Christmas' sake, in a simple ABC zigzag, and we the low set at $1.9 was the local low.
Right now, we could be simply in the beginning of the final impulse in 2024.
From my point of view based on the subwave count, we could be waiting for a wave (3) of the intermediate degree to take out the ATH.
How confident can I be in this scenario and the Santa rally?
Not so much. Unless BTC retakes 100K, stabilizes around there, and the dominance relaxes to allow the altcoin market to breathe, I'd still assume we are range bound in a wedge.
Bearish drop?CAD/JPY is reacting off the pivot and could drop tp the 1st support.
Pivot: 109.58
1st Support: 108.51
1st Resistance: 110.39
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#VETUSDT Ready For a Pullback or Will it Slide Down Further? Yello, Paradisers! Is #VeChain gearing up for a pullback, or are we looking at a potential retracement? Let’s dive into the details of this crucial setup for #VETUSDT:
💎#VET has been trading within a broadening wedge for months, with descending resistance and support lines guiding the structure. Recently, the price broke out of the wedge’s descending resistance, marking a key technical development. However, VET saw a massive profit taking and came back for liquidity capture.
💎The immediate resistance is resting at $0.060. A clean breakout above the $0.06067 resistance, confirmed with a daily close, could trigger an aggressive bullish rally. The possible targets following this move would be $0.08000 and potentially higher. Such a rally could attract fresh buyers and propel #VETUSD into a new bullish trend.
💎On the downside, the immediate support lies at $0.03811. Beneath this level, a strong demand zone exists between $0.03119 and $0.03811, which has previously acted as a reliable area for bullish rebounds. If the price revisits this zone, it could present an excellent opportunity for buyers to step in again.
💎A daily candle close below the $0.03119 demand zone would invalidate the bullish structure. Such a move could lead to further downside pressure, with the price likely targeting the $0.02000–$0.01500 levels. This scenario would also indicate a shift toward bear control.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Lingrid | PEPEUSDT buying PULLBACK in the BULLISH trendThe price perfectly fulfilled my previous idea. It reached the target. BINANCE:PEPEUSDT made a deep pullback following the double top at the resistance zone. The price broke the support level, creating a long tail bar that indicates a liquidity grab. Currently, the price is retesting the consolidation zone that lasted for more than four months. This scenario suggests a breakout-pullback-retest situation. If the price holds above this consolidation zone, I expect the market to gradually push higher, likely starting next year. Patience will be key as we watch price action for confirmation. My goal is resistance zone around 0.00002340
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Potential bullish rise?NAS100 has reacted off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit.
Entry: 21,426.87
Why we like it:
There is an overlap support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 21,119.53
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Take profit: 21,894.84
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We started the day with our Bullish target hit at 2629 with no cross and lock above confirming the rejection.
We are now seeing price head towards the bearish gap below. We are looking for price to stay supported above this level to continue to use our smaller timeframes for entries to buy dips, unless we see a cross and lock below 2600, in which case the lower range will open up.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2518 - 2486
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD (xauusd): it is bearish now!hello guys.
let's make this analysis a simple one!
as you can see gold touched the upper S&D zone perfectly and at the same time touched the top line of the channel!
now the midline of the channel is broken too!
so we can consider a downward movement at least until the bottom line of channel
XAUUSD BUY NOW (READ CAPTION)Today December 24,2024 the technical analysis of gold Against the us dollar regarding a potential buy opportunity .
Technical analysis :
.Resistance Level: Analysts identify key resistance at 2633 ,A breaks above this level could go further upward movement up to 2645-2660.
.Support Levels : Support is noted around 2600-2590.
Technical analysis indicates a Bullish trend for Gold , must share your ideas about my chart ,Like ,comment, and follow for more accurate updates and insights .
Will Ethereum reach $8500 ?Ethereum (ETH) has been a focal point in the cryptocurrency world, drawing both admiration and skepticism. As Q4 unfolds, Ethereum has shown remarkable resilience, staying on its intended path despite market fluctuations. This article explores Ethereum's journey, its current standing, and the potential for it to reach the ambitious target of $8,500.
Everyone criticizing Ethereum should take note: ETH is still on track and hasn't deviated from its course. In Q4, Ethereum was never expected to reach new all-time highs (ATH). Despite performing better than anticipated, ETH remains steadfast on its intended path. It exhibited a bearish pattern, forming higher lows and lower highs before stabilizing. It then marked a higher low, established a bear market high, broke through this high, retested it just before Q4, and began its upward trajectory.
Here's how the forecasted ETH pattern looks—believe me, we're still on track. 📈
Ethereum's chart demonstrates a clear path forward, with key indicators suggesting sustained growth. The technical analysis points towards Ethereum reaching significant levels, with the 2.0 Fibonacci extension level being a crucial milestone.
I believe $8,500 is a realistic target for Ethereum, corresponding to the 2.0 Fibonacci extension level. The Fibonacci extension tool is commonly used in technical analysis to predict future price movements based on past price trends. The 2.0 Fibonacci extension level suggests that the price could potentially double from its previous move. In this case, reaching $8,500 fits within the expected range of this extension level, making it a plausible target.
When ETH's price reaches the 2.0 Fibonacci extension level, its market cap will be approximately $625 billion, reflecting a 155% increase. If the price continues to rise and reaches the 2.618 Fibonacci extension level, the market cap would soar to around $859 billion, marking a 214% increase. These levels are calculated based on today's price.
To all the Ethereum doubters out there: Keep talking while ETH keeps building. 📈 Your doubts fuel our progress. Watch and learn! 💪🔥
Ethereum's journey is far from over, and its resilience in the face of criticism only strengthens its position. As it continues to build and innovate, ETH is poised to reach new heights, potentially hitting the $8,500 mark and beyond.
Ethereum's path is filled with potential, and the signs are pointing towards significant growth. With the 2.0 Fibonacci extension level serving as a realistic target, $8,500 is within reach. Whether you're an investor or a skeptic, keeping an eye on Ethereum's progress is essential, as it continues to defy expectations and carve its path in the crypto world.
The Samourai, The Sun And The Dead ValleyAs the Sun was starting to rise,
After so many years excluding compromises,
The samurai, at the end of the dead valley arrives,
Looking to warm his heart after taking so many lives,
He quickly realized when the sun rays hurt his eyes,
That all his will to conquer and to rise,
Was nothing more than something written in the stars,
Seeing the truth, he couldn't handle the cries,
But the samurai already defeated and healed the scars,
So the reality couldn't hit him differently otherwise,
The new credo was set and he sweared by it to live and die:
"Abandon all doubts at the door of Truth"
BTC LIQUIDITY HUNT Before we proceed, you can check out my analysis on $BYBIT:ONDOUSDT.P.
Alright, first let's refresh our minds that we are only counter trading for now, as we are still overall bearish. Either ways we are look to raid areas liquidities and inefficiencies. In the chart you can see I have identified my dealing range high and low of I used to identify my PD zones. You will prolly be wondering why I ignored the first and second areas of inefficiencies despite showing strong bullish reflections, but in the rule of things these levels appear within the premium zone which are not good areas to buy (we could make use of it to scalp if we have a IFVG lol). So we hunt for the next PD array which is the fair value gap close to the bullish order block and we seek to take profit at the point of the 4H -OB+SIBI level, but a tp level before that is the Buyside liquidity.
P.S You could wait for price to respect the CE for entry.
LEAVE A FOLLOW!
BTC is approaching the 99,000 resistance zone,BITSTAMP:BTCUSD BTC is approaching the 99,000 resistance zone, where selling pressure could emerge. If this level holds, the downside target remains at 86,000, which aligns with a significant support level. Keep an eye on price action and momentum indicators for confirmation before entering a position.
Entry Position:
- **Sell Entry:** Around 98,900–99,100 (to account for potential resistance zone fluctuations).
Stop Loss:
- **Stop Loss:** 99,600 (above the resistance zone to manage risk).
Target:
- **Take Profit:** 86,000 (key support zone).
Risk-Reward Ratio:
- Ensure the risk-to-reward ratio is at least 1:2 to maintain a favorable trading setup. Adjust your position size accordingly.
Keep monitoring for bearish confirmation signals (e.g., rejection wicks, bearish divergence, or a breakdown of intraday support).
Here’s an analysis of the DXY on the 1-hour chart, Here’s an analysis of the DXY on the 1-hour chart, with your updated target of 107.100:
Current Analysis
Trend Overview:
The dollar index (DXY) is in a clear downtrend on the 1-hour chart, forming lower highs and lower lows.
Momentum indicators like RSI are likely staying below 50, reinforcing bearish sentiment.
Key Resistance Zone (108.100):
This is the potential sell zone, where the price may face rejection.
Look for a bearish candlestick pattern at or near this level (e.g., shooting star, evening star, bearish engulfing) to confirm the entry.
Support Zones on the Path to 107.100:
Intermediate Support 107.500: DXY might consolidate or bounce slightly here, as it's a possible reaction point.
Final Target 107.100: This aligns with a major support level from prior price action or Fibonacci retracement zones.
Indicators to Watch
RSI:
If RSI is below 40, it confirms strong bearish momentum.
Any divergence (e.g., higher low on RSI while price makes a lower low) near 107.500 or 107.100 could signal weakening downside momentum.
MACD:
Look for a bearish crossover (MACD line crossing below the signal line) as confirmation to enter or hold the trade.
Volume:
A spike in volume near resistance (108.100) supports rejection. Similarly, decreasing volume near the target (107.100) could indicate trend exhaustion.
Trade Setup for 1-Hour Chart
Sell Entry: Around 108.100 (resistance zone).
Take Profit (Target): 107.100.
Stop Loss: Around 108.300, slightly above resistance, to account for volatility.
TVC:DXY
Bitcoin (BTC/USDT) –1 H Timeframe AnalysisBitcoin (BTC/USDT) is currently testing a blue trendline resistance. If the price successfully breaks out of this trendline with confirmation (e.g., strong volume or bullish candlestick patterns), it could signal a continuation of the uptrend.
The Target
After the breakout, the next target aligns with the red zone, which serves as a key resistance area and potential profit-taking level.