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BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market. Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively. Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies. Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800. Resistance levels: 67250, 71750 Support levels: 63800, 59300 Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range. In the mid-term I consider a breakout of 67250 with further growth to 71700-73800. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
43
XRP → The moment before “to the moon” ↑BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case against Ripple could take place today - July 25. Against this backdrop: Trading volumes are rising, price is hitting local highs, whales are accumulating XRP Technically, it is worth paying attention to the 0.6378 - 0.5712 range. If breaking the resistance fails, the price may test liquidity below the support before subsequent growth. Resistance levels: 0.6378, 0.7440 Support levels: 0.5712, 0.5100 If the trial finds its denouement, it will give a second life to the coin. A break of the range resistance - 0.6378 will open a new path.... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;) Regards R. Linda!
Long
by RLinda
25
AVGOPrice is consolidating in the form of symmetrical triangle for the past 2 days after a good trend line break out. 150 will be the trend deciding zone. Higher time frame shows rounding bottom is forming. Lower time frame pattern is neutral. Buy above 155.5 with the stop loss of 154 for the targets 157, 159 and 161. Sell below 152.5 with the stop loss of 154 for the targets 151, 149 and 147. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:AVGO
by vanathi
2
Gold - Asc Tri and Fibs working together to give exact targetsBullish Gold. It was very obvious that Gold was going up to the Fib and Asc Triangle targets earlier this year. It was not beyond the wit of man to see this move and trade it. Now that you can see Asc tringles happen all the time and that projecting fibs from the prior move top to bottom can be used for Gold to set price targets. Gold is still in a strong uptrend after consolidation and push back off this KLOS expect to Gold to move back up to resume trend
OANDA:XAUUSDLong
by William_Playfair
Gold - Asc Tri and Fibs working together to give exact targetsBullish Gold. It was very obvious that Gold was going up to the Fib and Asc Triangle targets earlier this year. It was not beyond the wit of man to see this move and trade it. Now that you can see Asc tringles happen all the time and that projecting fibs from the prior move top to bottom can be used for Gold to set price targets. Gold is still in a strong uptrend after consolidation and push back off this KLOS expect to Gold to move back up to resume trend
OANDA:XAUUSDLong
by William_Playfair
Gold - Asc Tri and Fibs working together to give exact targetsBullish Gold. It was very obvious that Gold was going up to the Fib and Asc Triangle targets earlier this year. It was not beyond the wit of man to see this move and trade it. Now that you can see Asc tringles happen all the time and that projecting fibs from the prior move top to bottom can be used for Gold to set price targets. Gold is still in a strong uptrend after consolidation and push back off this KLOS expect to Gold to move back up to resume trend. Fibs can be used to project the next long term price targets
OANDA:XAUUSDLong
by William_Playfair
Euro can make small move up and then continue to fallHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price reached the resistance level, which coincided with the seller zone and at once rebounded down. Also, the price entered to triangle, where it at once made first a gap and then dropped until to support line, breaking the 1.0715 level. Next, the price some time traded between this level and later broke the 1.0715 level again and soon exited from the triangle, making a second gap also. After this movement, EUR started to grow inside the upward channel, where it in a short time reached the 1.0890 level and even broke it, making a third gap too. Next, the price reached the resistance line of the channel, after which turned around and dropped to the support line of the channel, breaking the resistance level one more time. Soon, the EUR exited from the channel and continued to decline, so, just now, I think that the Euro can make a small movement up and then continue to decline until to support level, but I set my TP near this level, at the 1.0740 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Resistance on AUD/USD Ahead of CPI InflationThe AUD/USD currency pair (Australian dollar versus the US dollar) is on track to snap a two-month winning streak. It is down nearly -2.0% month to date, largely driven by risk sentiment. Monthly and Daily Resistance Levels Technically, the AUD/USD faded monthly resistance at $0.6670, which combines with the upper boundary of a symmetrical triangle, or ‘coil’, taken from $0.7158 and $0.6170. Adding ‘technical’ weight to said resistances is the Relative Strength Index (RSI) remaining south of the 50.00 centreline since April 2022, indicating negative momentum. On the daily timeframe, last week’s precipitous decline breached several key support levels, including $0.6580 and $0.6591, leaving both levels open for a retest this week. Another notable observation is the scope to continue exploring deeper water until reaching support from $0.6488 (you will note that this area also represents Quasimodo support). Price Direction Overall, the trend direction is relatively difficult to define at the moment. Therefore, recent downside sentiment, coupled with daily resistance, could be something sellers show interest in if tested, targeting daily support at $0.6488. As a note, do remain aware that we have Aussie Consumer Price Index (CPI) inflation out on Wednesday. These numbers have proven rather sticky in 2024, leading the Reserve Bank of Australia to strike a hawkish tone in recent meetings – a 20% chance of a hike is currently priced in for the August meeting. Should inflation come in hotter than expected this week, this could see rate-hike expectations increase and would place current daily resistance in a tricky spot. On the flip side, current resistance could be worthy of attention should a downside surprise in data materialise.
Short
by FPMarkets
BTC 72% up target derived from SOL monthly chart due to triangleBTC hard to forecast due to no obvious pattern so look for similar pattern which moves in tanderum with BTC ie SOL - or is it just all one market now ? SOL tria 72% move broken out now, ETF etc Bonk starting to follow so hopefully its real break, SOL.D confirms the break upwards Anyway an alternative way to predict that BTC is about to go into a range between 70-120k eventually try to go higher but cannot. It fits in the upwards channel BTC is in. Overlaying the standard BTC cycle timing which fits nicely to the channel. Suggests the following chart could be a bullish scenario & offer a range play. This fits with the break out over 70k it fits with exceeds round number of 100k by 20% over performance and then BTC could be stuck in a range between its ATH and 100k or until finally running out of steam Aug/Sept/ Oct 2025. With 3 or 4 attempt to break higher there will be a great shorting opportunity. On alts and BTC. Weaker alts 95% falls, stronger ones 50% falls BTC as holding is still the new play not to fall as much in the next bear cycle. Lots more range trading coming into Crypto. This will be nice as crypto moves fast so many chances to go long /short /long / short etc many will not be ready for that and some will make fortunes. Not advice only for education purposes.
BITSTAMP:BTCUSDLong
by William_Playfair
GoldPrice is moving in slow, steady uptrend and now it is consolidating in the form of ascending triangle. Nearby resistance is 2400. This level will decide the trend direction. Buy above 2391 with the stop loss of 2384 for the targets 2398, 2408 and 2421. Sell below 2380 with the stop loss of 2386 for the targets 2372, 2361 and 2350. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
FOREXCOM:XAUUSD
by vanathi
1
SWING IDEA - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum. Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. 50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 930 // 1030 Stoploss - daily close below 680 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RITESLong
by Visionary_Growth_Insights
Why I'm selling EURUSDHello traders this is one of my setups for this week. For my price action traders this trade has it all!!! I've been watching EURUSD for a while now and I think now it might be time to sell. The thing that made me pay careful attention o EURUSD is this supply zone, I've been waiting patiently for the retest of this supply zone and as you can see we retested with a head and shoulders, more on that later on. For my breakout traders!!! This is your break and retest. If you are a pattern trader we also have something for you, as you can see we have a head and shoulders pattern here with the neckline being an important zone in our supply. It can't get any better than this, a triangle retesting a head and shoulders pattern is so nice. WHAT WE HAVE SUPPLY HEAD AND SHOULDERS TREND BREAKOUT TRIANGLE
Short
by Linkhive001
4
Buying Opportunities on EURUSDHere’s an exciting update on EURUSD, which has just broken out of consolidation on the weekly chart. Let’s explore the buying opportunities available. Weekly Chart: EURUSD has broken and closed above the consolidation, signaling a potential upward trend. Buying Opportunities on the 4-Hourly Chart: 1. Support Level: - Key Level: 1.0843 - What to Do: Look for a buying opportunity at this support level. 2. Bullish Shark Pattern: - Pattern Completion Level: 1.0820 - What to Do: Wait for the Bullish Shark Pattern to complete at 1.0820 for another buying opportunity. Strategy: 1. Magic Candle Confirmation: Always wait for this confirmation before entering the trade. It ensures a higher probability of success. 2. Stop-Loss: Place your stop-loss just below the entry level after our buffer to manage risk. Final Thoughts: This breakout on the weekly chart offers promising buying opportunities. Remember to stay patient and wait for the Magic Candle Confirmation before entering your trades. What’s your plan for EURUSD? Are you looking at the support level or the Bullish Shark Pattern? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Long
by RaynLim