Trend Lines
Time for the Dollar to be realisticWith the news of Donald Trump being the united states new president we have seen nothing but euphoric bullish price action of the dollar. However, I believe that it is finally time for that to come to an end and for the dollar to continue in it's gradual and slow demise.
I believe the dollar push to the upside was nothing but a retracement on the HTF and with the bitcoin becoming more of a powerhouse we will continue to see the dollar lose its value.
This is supported through my analysis as we can see the dollar reacting from the weekly imbalance and creating LL and LH and Breaking structure to the downside. I believe that this will continue this week and be looking to sell after price takes the ASH and forms Wyckoff in my 3H supply.
My only hesitation is that my other pairs that go against the dollar I am also predicting to sell, Although we haven't seen the usual correlation between the pairs they normally have i am still cautious but my analysis remains ever true. If the dollar decides to push further up it will simply be filling the remainder of the Imbalance in order to have a proper reaction from the weekly supply.
XAU sells to push lower?We have surprisingly been seeing a steady ongoing short of Gold over the past weeks and anticipate it to continue pushing lower to the downside. We have two scenarios that could play out this week:
Scenario A being price pushes down taking the ASL from last week and reacting from the daily demand zone to push up. However, I don't believe that this will have gold pushing past the previous high but rather grabbing liquidity in order to continue in it's downtrend.
Scenario B we see market open price may validate the CHOCH to the downside before taking the ASH and the consolidation that's created pools of liquidity to both the upside and the downside and reacting from the 3H supply zone and continue melting taking liquidity from below that has been building up over the past months.
DOGS (#DOGSUSDT): Bullish Accumulation with 30% Profit Target⚠️ DOGS Update:
Since my previous analysis, DOGS has developed a clear bullish pattern known as an ascending triangle on the daily chart.
This formation suggests a phase of bullish accumulation, pointing to a strong potential for upward momentum.
To validate this outlook, we will look for a bullish breakout above the triangle's resistance, confirmed by a daily candle close above it. This could pave the way for a potential rise to 0.00099 and eventually to 0.001.
However, a bearish breakout below the triangle's trendline would indicate the possibility of a significant downward move.
GBP/USD shorts to take level 1.24853With the heavy downwards price action we have been seeing on both GU and EU which directly correlates with the GU and the bullish price action of the dollar which goes against the Gu we can anticipate that Gu will continue in this downwards trend to take the last LL at price point 1.24853.
looking deeper into candle anatomy we see that Fridays price action left a strong bearish candle signifying sellers are in control. We also see that there are multiple ASL to the downside and other pools of liquidity which can be TP targets.
However, there are many demand zones we could see price push up from in the short term to collect liquidity to the upside before continuing in its overall HTF downtrend. It is also possible price could push up market open taking the ASH that lay above before melting.
Bearish Outlook for the Dollar Index (#DXY): Key InsightsIn our earlier analysis of the 📉Dollar Index, we highlighted a consistently bearish outlook.
The price has broken below a rising trendline and the neckline of a double top pattern on the 4-hour chart. It is now testing the confluence zone formed by these breached structures.
A decline appears highly probable, with target levels set at 105.70 and 105.43.
SUSHI Ready for the big JUMP? SUSHI
Ready for a big move.
The momentum slope in the chart is increasing, indicating that the buying power is strengthening and effectively eliminating the sellers.
If you haven't been following SUSHI so far, you can monitor its progress after it breaks the resistance at 2.590 . For the short-term timeframe, a rise to the resistance box between 4.500 and 5 dollars is reasonable. However, for the long term, SUSHI needs to reach the range of 4 to 4.5.
Again, it is remembered that all trades that are opened are your responsibility
Don't forget to follow.
Gold Technical Analysis: Examining a Bearish Scenario on the 4-H
On this time frame, a bearish scenario is unfolding. As seen, the consolidation zone has been broken and then retested, ultimately closing the week with a red candle. It seems that a correction in gold from the current price is not out of reach. If gold prices rise, above the consolidation pattern this scenario will be invalidated.
XRP $3.00 - 25% Within HoursRipple / XRP is currently one of the coins with the most momentum. As we all know, this is very important for trend following models. As you can see, XRP holds the current trend line and repeats a pattern it already did two times within this short bullish trend. As $3 is a very important mark (and a round number too) I assume we will see a 25% move within hours (at max. a few days).
I’d love to hear your thoughts and predictions. Where do you see XRP heading in the next hours to days? Let’s discuss below!
DOGE to ATH ($0.74) - 35% within Hours to Days!Our first altcoin season of this crypto cycle is currently underway and BINANCE:DOGEUSDT is profitting from it. After rising over 200% within days DOGE is at the end of its consolidation period and nearing a potential breakout which could pump the coin to it's all-time high at around $0.74. Based on the ascending triangle setup we should at least get 35% within the next hours to days.
Current support zones:
$0.42
$0.40
I’d love to hear your thoughts and predictions. Where do you see XRP heading in the next hours to days? Let’s discuss below!
HelenP. I Gold can fall to support level and then start to growHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price rose to the resistance level, which coincided with the resistance zone and soon broke it. After this, the price some time traded near the 2720 level and later rebounded up to the trend line. Then Gold turned around and started to decline inside the triangle, where it in a short time declined below the 2720 level, and broke it one more time. Then XAU declined a little more, after which rose a little and then continued to decline to the support level, which coincided with the support level. When the price fell to this level, it broke it and fell to 2536 points, but at once turned around and made impulse up, breaking the support level one more time. After this, the price rose to the trend line, then at once dropped back and some time traded near this level. At the moment, the price continues to trades near this level, and in my mind, XAUUSD will decline to the support level and then start to grow to the trend line, Therefore I set my goal at 2670 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
HelenP. I Euro will drop below support level, breaking itHi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time ago rose to the trend line, after which started to decline. In a short time, the price dropped to the resistance level, which coincided with the resistance zone, and later broke this level, after which it declined and little more and then tried to back up. Also, the Euro made a first gap, after which reached the trend line in the resistance zone and then dropped, breaking the 1.0900 level again. Next, the price continued to decline inside the triangle form, where it fell to the support level, which coincided with the support zone. Later Euro broke this level and declined to 1.0325 points, but at once turned around, made a second gap, and broke the 1.0520 level again. After this, the price some time traded between this level, but now it rising higher than it. For this case, I expect that EURUSD will rise more and then drop below a support level, breaking it one more time. That's why I set my goal at 1.0420 points. If you like my analytics you may support me with your like/comment ❤️
DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH
Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer
Resistance levels: 0.45, 0.463, 0.48
Support levels: 0.422, 0.400
Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;)
Regards R. Linda!
DOGS (#DOGSUSDT): Bullish Accumulation: & 30% Profit TargetHere's a brief update on ⚠️DOGS:
Since my last analysis on DOGS, the market has formed a clear bullish pattern known as the ascending triangle on the daily chart.
This pattern indicates a bullish accumulation phase and suggests a strong possibility of a subsequent upward movement.
To confirm our approach, we will wait for a bullish breakout above the triangle's resistance level, along with a daily candle closing above it.
This could set the stage for a potential rise to 0.00099 and then to 0.001.
On the other hand, if we see a bearish breakout of the triangle's trend line, it could signal a significant downward move.
Dollar Index (#DXY): Bearish Outlook ExplainedIn our previous analysis on 📉Dollar Index we noted a persistently bearish outlook.
The price has broken a rising trend line and the neckline of a double top on the 4-hour chart.
Currently, it is testing the confluence zone created by these broken structures.
There is a strong likelihood that the pair will experience a decline shortly, with target levels at 105.70 and 105.43.
The gold shock gradually weakened, and the later layout was main
Last night's non-agricultural market did not directly kill the big unilateral market as many people expected. Instead, the market was relatively calm. The overall trend continued to remain in a weak trend of shock, and the moving average suppression position was very obvious. The highs were getting lower and lower. There was no sharp rise or fall, but the continuous decline would be more persistent!
Then it must be clear and simple for our later layout! Short, continue to short on rebound! Then the current situation is also very simple. The upper high pressure from 2654 to 2645 gradually decreases. Under the premise of a clear decline, the high point of the gold price rebounding again is expected not to exceed the 2645 line. Next week, the opening will first refer to 2645 to arrange short orders! If the rebound price breaks through 2645 and is below 2654, you can choose to increase your position appropriately according to your position situation!
Specific strategy
Gold next Monday's strategy is 2645 short, stop loss 2655, target 2630
OP Waiting for the breakout of the trend line on the 1H timeframConsider that a breakout of the trendline means a slowdown
There are three scenarios in this case
1: Return to the trend line and pullback and continue moving upwards
2: Return to the nearest broken resistance and continue moving upwards
3: A return to the support that led to the breakout of the downtrend line! And continue the trend upwards .
Again, it is remembered that all trades that are opened are your responsibility
Don't forget to follow.
Breakout Imminent: XRP Supported by 2018 Market Cap ATHXRP got swiftly rejected from the 1.272 Fibonacci extension ($161.46b) on Monday but found immediate support at it's 2018 market cap ATH of $128b. On the hourly, it is currently in a downward wedge having been rejected for a breakout 3x times, but supported 4x times by the ATH.
It should breakout no later than Sunday, though a current resistance retest looks promising for an imminent breakout back up to try the 1.272 Fib extension once again at $161.46b. An XRPUSD retest of the $2.9 is likely. Failure to break this could see us pushed down to the 2018 market cap ATH to re-test confidence in the support level or further below to the 0.786 retrace at $100B / $1.75 on the XRPUSD which is also the 0.5 retrace level
Longs at the $2.22 are a good call, with tight stop losses set to $2.15 incase support crumbles.