ETH - Roadmap to $3,300!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been hovering within a large range, forming a symmetrical triangle marked in orange.
📈 For the long-term bullish trend to be confirmed, a break above the $2,830 level is needed.
In that scenario, a move toward the next resistance at $3,300 is expected.
📉 Meanwhile, another bearish leg within the triangle is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trend Lines
USDCHF SELL 0.8706On the daily chart, USDCHF stabilized and rebounded in the short term, and bulls have the upper hand. At present, we can pay attention to the resistance near 0.8706 above, which is a potential short position of the bearish bat pattern. In addition, this position is near the pressure of the downward trend line. If the price breaks through the resistance near 0.8748, the bullish trend will start.
Gold Soars Past 2700: Key Levels to Watch for BuyingAs anticipated and detailed in this week's analysis, OANDA:XAUUSD has reached a new all-time high and is now trading comfortably above the 2700 mark.
The bullish momentum remains exceptionally strong, with no signs of a potential reversal at this point.
Despite the recent leg up exceeding 1000 pips, it remains extremely risky to attempt selling in the face of such a powerful uptrend, especially when there is no resistance level to use as a reference.
Fighting against this momentum could result in unnecessary risk.
With that in mind, my strategy is to look for opportunities to buy on dips. A potential buying zone could emerge around the 2680 level, which may provide a more favorable entry point for those looking to join the bullish trend.
Gold Prices Surge: A Golden Opportunity for Investors
After a week of tug-of-war between bulls and bears, bullish forces have clearly outmatched bearish ones. Currently, after reaching a new high, gold prices have stabilized at the level of 2692.
The ongoing geopolitical tensions show a certain degree of persistence. As a highly sought-after safe-haven asset, the rise in gold prices is merely a matter of time.
After several hours of sideways consolidation, the gold market presents a new trading opportunity. Buying now is akin to picking up money; you just need to bend down.
Recommended buying levels for gold are between 2690 and 2685, with a take profit target above 2703 and a stop loss at 2675.
Investors interested in trading gold may find this information helpful.
FILUSDT → Weakness in altcoins will manifest itself in decliningBINANCE:FILUSDT after a false breakdown of the 3.800 range resistance is giving signs towards the continuation of the decline. The coin is in a global and local downtrend and there are no reasons to change direction. The focus is on the support of 3.688.
Altcoins are extremely weak on the back of bitcoin's strong rally. The dominance of the flagship is currently at record highs, and the altcoin season has not arrived and apparently will not come anytime soon.
Bitcoin is testing strong resistance zones and cannot grow all the time. Any short-term reaction can affect the entire cryptocurrency market, which will color the coins in the red.
Support levels: 3.688
Resistance levels: 3.800
Technically, relative to 3.688 a descending triangle is forming after a false breakdown of the range resistance. It is a rather strong conglomerate.
Breakout of 3.688 and price consolidation below this area will provoke further selling and price decline to 3.4 - 3.3
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:FILUSDT ;)
Regards R. Linda!
EURUSD → Active sale. Emphasis on 1.0900FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend...
A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge in volume and liquidity that could lead to a small correction. For example to 1.095 - 0.7 fibo. On the Daily chart we see the realization of a failed breakout (false breakout), a strong distribution is formed. The liquidity at 1.077 - 1.067 may become the target of such a movement
Resistance levels: 1.095, 1.100
Support levels: 1.089, 1.077
There is no news until Wednesday, so the fundamental background remains the same. The market may stop and go into consolidation, but with a high probability the fall after the breakthrough of 1.089 will continue...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
GBPUSD InsightPlease feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points:
- Eurozone's final September CPI shows a 1.7% increase, slowing from the previous month.
- ECB cuts its three key interest rates by 25bps each during its monetary policy meeting.
- Bank of England is expected to cut rates by 25bps.
- U.S. Federal Reserve projected to lower rates by 25bps in both November and December.
- U.S. weekly initial jobless claims recorded 241,000, a decrease compared to the previous week.
- U.S. September retail sales rose 0.4%, exceeding both the previous month and forecasts.
Economic Indicators:
- October 24: U.S. October Manufacturing PMI and Services PMI.
GBP/USD is facing resistance around the 1.34000 level and is currently testing direction again near the 1.30000 level. If it rebounds from this range, it could rise to the 1.38000 level. However, if it breaks through the support, a decline to the 1.26000 level is expected. Given the current uptrend, there is a high chance of maintaining the lower levels, and should it break the 1.30000 level, a rebound from the bottom is anticipated.
If unexpected movements occur, I will adjust the strategy swiftly.
AUDCHF Breakout: Preparing for a Downside Move?AUDCHF has broken out of its consolidation range, and I’m expecting it to retest the breakout trendline soon. If the retest holds, we could see the pair head further down.
This setup looks promising for a short position if the price action confirms the resistance at the trendline. As always, patience is key—let’s wait for the right entry and manage our risk carefully.
What do you think? Are you eyeing the same setup? Share your thoughts below!
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold.
Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area.
So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
Banxa is a 100x GemThis could explode and do a 100x from here. Hidden gem, competitor to MoonPay which has a 3.4bn market cap, this company only has a 27m market cap.
And the down-trend just broke. Nice breakout candle.
Don't sleep on this TSX future giant.
1. Strategic Position in the Crypto Ecosystem
Banxa acts as a crucial bridge between fiat and crypto by offering fiat-to-crypto on-ramps. As global interest in cryptocurrencies and decentralized finance (DeFi) grows, Banxa stands to benefit from increased transaction volumes.
With a network of global partnerships, Banxa facilitates easy access to cryptocurrency exchanges, wallets, and other blockchain applications, creating a competitive edge over traditional payment platforms.
2. Regulatory Compliance
Banxa has built a strong reputation for adhering to regulatory standards in multiple jurisdictions. As the cryptocurrency space becomes more regulated, its proactive stance on compliance gives it an edge over competitors that may face regulatory hurdles.
Operating under a fully compliant and regulated infrastructure could allow Banxa to capture more institutional clients, which are becoming increasingly cautious about regulatory risks in the crypto space.
3. Global Expansion and Partnerships
Banxa is expanding rapidly, particularly in high-growth markets like Asia-Pacific and Europe. Its partnerships with major exchanges and wallets (like Binance and Edge) enable it to scale more easily and tap into new revenue streams.
This positions Banxa to grow alongside the broader adoption of crypto, especially as governments and financial institutions increase their involvement in digital assets.
4. Transaction Growth and Revenue Potential
Banxa’s business model benefits from transaction-based fees, so as the volume of crypto transactions increases, its revenue naturally scales.
As crypto adoption accelerates, driven by trends such as central bank digital currencies (CBDCs) and blockchain gaming, Banxa is set to capture a larger share of the growing pie.
5. DeFi and Web3 Integration
Banxa is increasingly positioning itself as a gateway for Web3 applications. With the rise of DeFi, NFTs, and blockchain-based ecosystems, Banxa can provide the infrastructure for users to easily onboard from fiat into these new decentralized applications.
This makes Banxa not just a play on cryptocurrency but also on the broader blockchain revolution.
6. Low Market Cap Relative to Growth Potential
Banxa has a relatively small market cap compared to its long-term potential. Its current valuation doesn't fully reflect the rapid growth of the cryptocurrency market or the acceleration in its transaction volumes.
Given its fundamentals, Banxa could be undervalued by the market, especially compared to competitors in the crypto payments space, making it a hidden gem with significant upside potential.
Why It’s a Hidden Gem:
Under-the-Radar: Unlike larger fintech or crypto players, Banxa is still relatively unknown, despite its crucial role in the ecosystem.
Long-Term Growth Play: As more people adopt digital currencies and decentralized apps, Banxa will be essential for onboarding users, giving it significant room to grow.
Institutional Investment Appeal: As Banxa becomes more visible and expands its regulatory footprint, it could attract more institutional investors, which could boost its stock price.
These factors combine to make Banxa an attractive, undervalued player in the fast-growing crypto space.
Bitcoin Roadmap!!!==>>Falling!!!Bitcoin ( BINANCE:BTCUSDT )is currently hovering near the Resistance zone($70,080-$68,250) , Potential Reversal Zone(PRZ) , the Upper line of the Ascending Channel , and Important Resistance lines(Bitcoin is attacking important resistance lines for the fifth time.) .
According to Elliott's wave theory, Bitcoin seems to be completing the main wave 5 . The structure of the main wave 5 can be Ending Diagonal .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to fail again on the 5th attack to the important resistance lines , and to break the lower line of the descending channel and decline to at least the first target on my chart. We should expect more Bitcoin dumps if Bitcoin loses the Support zone($66,500-$64,480) .
⚠️Note: Tension between Iran and Israel could increase in the coming days, causing a sharp drop in Bitcoin.⚠️
⚠️Note: Open interest in futures markets has reached its highest level in 2024, while Volume Trading has decreased.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Clear gold buying price
As mentioned yesterday, the upward trajectory of gold necessitates certain catalysts. Today, the influence of geopolitical factors has intensified, propelling gold to a peak of 2688. Concurrently, the latest U.S. initial jobless claims data was released, yielding a bearish impact that temporarily reduced gold prices to 2673, before a swift rebound brought them back to 2680.
With the two primary news items now available, it's evident that bullish sentiment significantly outweighs bearish pressure, with substantial upside potential awaiting a breakout. The sustained appreciation of the U.S. dollar amidst geopolitical tensions further underscores the dual role of both gold and the dollar as safe-haven assets. Thus, until the geopolitical landscape stabilizes, a low-position buying strategy for gold remains prudent.
Buy: 2670-2675
Sell: 2700
Profit margins should be managed according to individual risk tolerance.
BOMEUSDT: Is the Pullback Coming Before a Massive Surge?Yello, Paradisers! Is #BOMEUSDT on the verge of a significant move, or are we about to see a pullback before the next leg up? Let’s break it down.
💎#BOMEUSDT broke free from a descending resistance trendline, after multiple attempts. This breakout wasn’t just technical; the volume and candle close confirmed the bullish shift. Now, we are likely headed for a retest—a pullback to the Fib retracement zone of 0.618-0.66, which lands around the price levels of $0.007622 - $0.007371.
💎This potential retest also aligns with the broader market structure. Before the breakout, BOMEUSDT had been forming lower lows and lower highs, but the pattern has now flipped. A higher high is forming, and the retest could create a higher low (HL) at the retracement zone. Afterward, a Change of Character (CHoCh) would confirm that the uptrend is here to stay.
💎BOMEUSDT will be most probably facing Minor resistance around $0.009008,This level might slow down the price temporarily, as it faces some light resistance. Stronger resistance between $0.010 - $0.0107: This range aligns with the previous highs and will likely be a critical test for BOMEUSDT. Breaking this zone with volume could signal the continuation of the uptrend. Keep a close eye on how BOMEUSDT reacts around these levels to determine the next possible move!
💎However, keep a close eye on the invalidation level. If we see a candle close below $0.00688, the breakout would be considered failed, and the trend could reverse.
Patience is key here, Paradisers. Stick to your strategy, and if the retrace plays out as expected, the next leg up could offer incredible opportunities. But always keep risk management in mind! Discipline and smart decision-making are what will set you apart in this market.
MyCryptoParadise
iFeel the success🌴
Thanksgiving Gifts for ALL - RXRX - BIOTECH SQUEEZE PLAYRecursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that combines automation, artificial intelligence, machine learning, and in vivo validation capabilities to discover novel medicines. Its Recursion operating system enables advanced machine learning approaches to reveal drug candidates, mechanisms of action, novel chemistry, and potential toxicity, with the eventual goal of decoding biology and advancing new therapeutics that radically improve people's lives.
Chart looks primed, bounced off 6 dollar range a few times and is peaking out of the downtrend. I fully expect to find support along that trendline and chop until news sends this thing flying.
Short squeeze potential here and fibs look like a big move could be in store before Thanksgiving which will line up with news around Earnings time.
Holding long dated calls and some shares.
Calls dated Jan 2025 or later. 8,9,10 strikes
Fibs for targets.
LFG!
Gold's Next Move: Will It Rebound to $2720 After a Pullback?This analysis offers an exploration of XAUUSD (Gold) price fluctuations. Recently, Gold traded at approximately $2400—a crucial support level—and subsequently commenced an ascent within a broadening wedge formation. After surpassing the $2400 threshold, it corrected toward the support line of the wedge; however, it then surged upwards, breaking the $2635 mark. The price later encountered the resistance line, but it has since begun to decline. I anticipated that Gold might retreat to the support line of the wedge before rebounding and transcending $2635 once more, aiming for $2720.