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Trend Analysis

Coinbase Double Lower High: Bitcoin, The DXY & EthereumCoinbase's highest volume came in July 2023. In Elliot Wave terms, this would mark the end of the third wave. The move from October 2023 through March 2024 would be the fifth and last wave of a bullish impulse. In this wave, trading volume is lower compared to the previous one. Good afternoon my fellow trader, Coinbase and Bitcoin move together with some slight variations. If Bitcoin is bullish, Coinbase is bullish. If Coinbase is bullish, Bitcoin is bullish. If Bitcoin turns bearish, Coinbase turns bearish. If Coinbase (COIN) is showing bearish signals and the potential to move lower, it means that Bitcoin is in the same situation. March 2024 marks the peak of the bullish impulse that started after the late December 2022 low, and in July 2024 we get the first and main lower high. Notice how in October, this month, we get a second and much lower lower high compared to July. The bearish bias and potential is confirmed based on these simple signals.' Coinbase (COIN) is set to continue lower as long as it trades below the 22-Jul-2024 peak price. A new drop would mean a lower low based on the lower high. Bitcoin, Ethereum and some other of the Crypto-giants are in the same situation. The DXY is utra-bullish and this is bearish for Bitcoin and Coinbase. Namaste.
NASDAQ:COINShort
by AlanSantana
9
Powerpool (CVP) Breakdown | 1,135% Back To BaselineGood morning my fellow traders, Here we can see a major breakdown on the Powerpool (CVPUSDT) chart, when such an unnatural move happens the market tends to seek balance. In this case, this would create a recovery sending prices up to a minimum of 0.400, which is the baseline level. This is the middle range of the long-term consolidation structure that developed between mid-2022 and late 2024. This recovery is already apparent as we are seeing the highest buy volume ever in a single week, in the first week of September and then again the second highest buying in a week in the current session. A move higher would only be a natural reaction from the market as a retest of resistance. If we consider a bull-market and bullish sentiment, this baseline resistance level can be broken and even higher becomes possible. We are potentially looking at bottom prices as this pair/chart already went through a major crash. Sellers were active for five weeks straight and it is the turn for the bulls to join the market and play. This is an easy call. Buy and hold. Namaste.
Long
by AlanSantana
GOLD_109 2024.10.31 16:14:04 Trading Signal BUYFrankPro Signal for GOLD_109 Type: Screen Signal: BUY TP: 2799.91 SL: 2718.36 Entry Price: 2741.66 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold). **Short-term Forecast (next few days to a week)** * The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback. * Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction. * Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility. * Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back. **Expected Price Movement:** Down ( potential pullback to test support levels) **Long-term Forecast (next few weeks to months)** * Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend. * A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook. * The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term. **Expected Price Movement:** Up ( continuation of the long-term upward trend) Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024: **Short-term Analysis (next 10 days)** * The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages. * The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook. * The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days. * Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment. **Expected Price Movement (Short-term): UP** **Long-term Analysis** * The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors. * The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand. * However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term. **Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks** In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down * Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33. * Potential price target: $2,715-$2,720 **Long-term (next few weeks to months):** * Expected price movement: Up * Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend. * Potential price target: $2,850-$2,900 Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly. Result: ST=Down LT=Up
TVC:GOLDLong
by frankiepro
GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
FX:XAUUSDLong
by FX_Elite_Club
2
DOGEUSDT.PTo whom it may concern, This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish. The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line. The volume adds some uncertainty, as steady levels could support a bullish move. 2 If you have any questions, feel free to ask. This is not financial advice. Stay safe and humble.
Short
by vagada
US30 / Key Levels for Breakout from Consolidation ZoneUS30 Technical Analysis Following the retest at 42,450, the price has dropped approximately 500 points as anticipated. Currently, US30 is expected to consolidate between 41,970 and 42,130 until a breakout occurs. Bearish Scenario: The price needs to break 41960 and stabilize under it to continue the bearish side toward 41740 and 41560 Bullish scenario: any breaking above 42130 will support the bullish trend to get 42290 and 42450 Key Levels: Pivot Point: 41970 Resistance Levels: 42130, 42290, 42450 Support Levels: 41750, 41560, 41350 Trend Outlook: - Bearish by stability below 41970 - Bullish by stability above 42130 - Consolidation 41970 and 42130
OANDA:US30USDShort
by SroshMayi
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze: The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788. Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target. Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738. Key Levels: Pivot Point: 2781 Resistance Levels: 2790, 2804, 2816 Support Levels: 2769, 2758, 2738 Trend Outlook: Correction til 2769 or 2758 Above 2788: Uptrend Under 2758: Downtrend
OANDA:XAUUSDLong
by SroshMayi
Gold breaks trend amid rising bond yieldsGold has finally buckled under pressure from rising yields and US dollar, with stocks also hit hard. Rising yields increase the opportunity cost of holding non-interest-bearing assets. The precious metal has just broken its bullish trend line after failing to hold above key support at $2770. It has subsequently broken the next support seen between $2753 to $2758, an area which could now turn into resistance upon a potential re-test from below. While the long-term trend is clearly bullish, today's breakdown serves as a reminder that market can go up as well as down and that risk management should always be your number one priority in trading. In light of the breakdown and given how overbought gold is on the long term charts like the weekly and monthly, I would be more inclined now to look for bearish setups near resistance, than bullish setups near support...until such a time that those RSI overbought conditions are worked off (either thru time or price.) By Fawad Razaqzada, market analyst with FOREX.com
FOREXCOM:XAUUSDShort
by FOREXcom
1
MARKET NEXT CORRECTION AREASAdditionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a deeper correction to $2,685 before buyers re-enter the market In the current gold market, analysts expect a potential retracement following a significant rally, reaching near all-time highs driven by geopolitical uncertainties and Federal Reserve rate cuts. Gold has been hovering around resistance points in the $2,700-$2,800 range as October progresses, and technical indicators suggest possible corrections due to overbought conditions. Specifically, gold’s Fibonacci support level around $2,733 could mark a key area for short-term pullbacks, possibly to $2,700 or lower, before an anticipated continuation upward in Q4 due to seasonal patterns
OANDA:XAUUSDShort
by BELLATRIXFX
3
NEIROETH, about to explode again soon, may retest 10x again.A new meme coin has emerged and caught the market’s attention with rapid price growth. It’s called Neiro Ethereum and is based on the OG doge meme coin. After launching, it has risen to a staggering $193 million market cap. But BTC and overall market selling pressure has dominated everything - and memes took the swipe too -- with so much volatility. From peaking at a parabolic high of 0.20, NEIRO retraced heavily to an outrageously bargain zone at minus 10x levels to 0.020 zone. Now, based on the latest daily data metrics. There is an apparent heavy accumulation at the current price range and a strong reversal to the upside is expected from here on. At a lighter mcap now, the bargain opportunity is too tempting to be missed. Spotted at 0.0250 Target: Back to previous peak at 0.20 TAYOR.
NLong
by JSAL
62
#SC (SPOT) entry range(,00370- ,00494) T.(0.008866) SL(0.0034)BINANCE:SCUSDT entry range (,00370- ,00494) Target1 (0.008866) 2 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.0034) 1:2 Trade *** collect the coin slowly in the entry range *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC ****
Long
by Crypto_alphabit