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XRP → The court case is complete. Triangle Resistance Retest...↑BINANCE:XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks.... The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost! This is a positive outcome for Ripple, the industry. Ripple is only fined $125 million instead of $2 billion. The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27% Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300. Resistance levels: 0.6378, 0.7440 Support levels: 0.5663, MA-50 Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSD ;) Regards R. Linda!
Long
by RLinda
4
ETH could pop 5%Eth has been trading sideways for the past 1 day and 18 hours, during which time it has formed a small ascending triangle pattern. Given that the pattern is only a day old, there is a high likelihood of failure. However, for traders with a high risk appetite, it might still present an interesting opportunity. Additionally, we are witnessing a gradual short squeeze, with risky assets slowly clawing back their losses. The pattern suggests that Ethereum could gain 4.91%, or $125 per contract, on a breach to $2,555, with the potential to reach a high of $2,678. If the breakout is successful, the short-term trend is likely to remain bullish as long as the price stays above $2,512, a local low established today. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
THINKMARKETS:ETHUSD
by ThinkMarkets
$BTC1! Fib Simulation of Fractal (UPD)Perceiving the price action as a function of trading time justifies the quantitative approach in drawing geometric relationship between phases of cycles. Hence, it's safe for me to assume that market is a time fractal which has its own path regardless the collective opinions of the market participants. Logistic curve that reflects well the speed of information spreading made me ignore the voices of masses. The principle aligns with EMH - that the condition of the market is already reflected in the current price. Impulsive and corrective waves are governed by golden rule in one way or the other. That's why I used fibonacci channels to build predictive models which reflect the interconnectedness of composite fractals to the whole cycle. By measuring the extreme levels of historic wave, the derived fibonacci channels exposed the timing, size and probability levels of the next ones. In regular TA, people are wrongfully focused on covering their immediate expectations from the market, analyzing a narrow data range of the chart. Whereas, Fractal Analysis graphically shows how current price is interconnected with the entire history of fluctuations in a single probabilistic map. In this update I fused earlier discovered structures and boundaries to the chart Added more series of fib ratios derived from white triangle (src 0;1) Linear boundaries of macro-fractal: Implementation of fibs with big time Intervals: As violet Fibs: Other observations: We're in a big triangle derived by linear extension 2021 tops and Full cycle (COVID - 2022 LOWS) Source: Implementation: (On interactive chart it darkens till intersection)
CME:BTC1!
by fract
1
GOLD → False break of range support led to a reboundFX:XAUUSD reaches the liquidity zone of 2370, forming a false breakdown, confirms the presence of a strong range boundary. The market may move into a sideways trend. Fundamentally, the situation is still complicated. The U.S. regulators are trying to change the market's mind on the recession issue, trying to keep the market calm. The question of aggressive actions of regulators is still open. At the moment everyone is watching the actions in the Middle East, as the activity on the background of the war already unleashed can again affect the price of gold. Markets continue to estimate almost 90% probability of a 50 basis points cut in US interest rates in September. Let me remind you that it is not the fact of reduction that matters, but the hints and comments of regulators. At this time, gold is forming a global range of 2480 - 2370. Resistance levels: 2420 Support levels: 2400 Technically, gold may go into a consolidation phase, but in the future it is worth watching the resistance at 2420. As a pre-breakout consolidation or a quick retest may lead to a breakout attempt and growth Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5
SPY Monthly Megaphones - Longer term SP500 buying planTLDR: Flat on stocks, waiting for very deep discounts several years in the future Details: Expecting it to make another megaphone shape similar to the one it made from 2017 to 2020. The idea is it will hunt for liquidity under the 350 swing. This means to watch for a buying zone in the region of 372 to 290 from around July 2025 to May 2026. This zone also lines up with the lines of several long term pitchforks and gives exit targets along those forks' medians. Reasons to expect so much bearishness include: Nancy Pelosi, Buffet selling at the top Intel CEO praying on twitter Unrest in UK Tensions/war in Gaza, Ukraine, Iran Kramer saying it's not the end of the world If those situations resolve then it may not need to hunt deeply below 350 and in fact the 400 price zone may be a better re-entry spot. But if the overall macro news stories continue to be saturated with uncertainty then it's much better to wait for deeply discounted prices rather than catch a falling knife.
AMEX:SPY
by mljones
3
EURUSD → Consolidation before distribution. Target 1.100FX:EURUSD is forming a wedge, the nature of the pattern is consolidation. FOMC & FED meeting is ahead. The main issue is inflation and interest rate cuts. What should we expect? 100% probability that today the rate will remain unchanged, but Powell at the meeting may signal a Fed rate cut in the coming months amid slowing labor market growth. Eurozone consumer inflation fell from +0.2 to 0% (expected -0.3%) and core CPI rose by 0.1 to +2.9%, suggesting a generally improving environment for a stronger EUR. Technically, the bulls are trying to hold the area of 1.08. A descending wedge is forming on the chart, another retest, if the fundamental background persists, may lead to a break of resistance. In this case, the market may move into the distribution phase, within which it is able to update the local maximum. Resistance levels: 1.0852 Support levels: 1.08 Traders are in no hurry to act prematurely and will wait for the Fed and FOMC meeting. Technically everything is favorable to start the growth. Potential target is 1.100 Rate, share your opinion and questions, let's discuss what's going on with ★EURUSD ;) Regards R. Linda!
Long
by RLinda
6
NOTHING !!BITSTAMP:BTCUSD Hello. As you can see, Bitcoin failed to break the Ascending triangle in its last attempt, and now it is making a fourth downward wave based on Elliott , and than we have to wait for Bitcoin's rise. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
6
What will happen after the NVDA correction? NASDAQ:NVDA On July 17th, NVDA broke out of a symmetrical triangle formation. Based on this, the current price target is $96. NDVA recently broke below its 50-day MA, which was then retested and failed to break above. Given the current macro environment and high market fear, I am looking to hold off until the price target is reached before considering re-entry into this name. Of all the companies, I believe this to be the most resilient to the macro environment due to the ecosystem it has created and the reliance on its hardware and software by other large-cap companies. To deal with recessionary pressures, companies are going to find ways to cut costs. This will likely be in the form of layoffs. In this environment, to maintain productivity, they are going to rely on NVDA products for further advancement. NVDA is currently at support around its 100-day MA. If this is broken, there is a gap that needs to be filled which is right near the above-stated price target. Once this area is tested, I will reassess. It is not out of the cards that even this high-flyer retests its 200-day MA in these current conditions, but if that is the case, that will be a massive buying opportunity. Depending on market open I am currently considering buying OTM puts for $95 target. If that goes as planned I will close that position and sell cash secured puts at the level of the 200 day MA. If it gets close to the 200 day MA I will likely hammer call options.
NASDAQ:NVDA
by Average_Joe_Options
ICP Buying OpportunityThe ICP came back to life at the end of last year and increased significantly. After May, however, it declined in response to the general market decline. But I think that decline is now over. The $8-9 area is a good buying zone for us. Especially considering that it is coming out of the downtrend. I don't think it will go below $8 from now on, but in a possible correction in the market, it could go down to $6.5-7 and come up. This is the ideal buying zone for us because if this happens, there is a potential double bottom pattern. My plan is to buy a large amount of ICP now and place a small buy order at the $7 level.
Long
by Not_the_richest_man_in_Babylon
1