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ETHEREUM → Rising to 4000? Positive fundamental background...BINANCE:ETHUSDT may end the correction phase and move into the distribution phase, the target could be 4000-4800. Fundamentally, ethereum is receiving positive signals from regulators. The price is breaking the resistance of the local correction pattern. The coin is trying to go beyond the consolidation range (breaking the bearish wedge resistance). A break of the local high will be a confirmation that the correction is over and the market is ready to move on. Earlier ETH-ETF was approved, the next stage is confirmation of S-1 form (admission to trading), SEC is actively working with issuers, trading may start this summer. Also, a positive sign of a strong market is the end of the SEC's judicial investigation against ConsenSys (Ethereum developer). Volumes are rising and like the price, traders are taking this fact positively. Resistance levels: 3650, 3730 Support levels: 3585, 3480, 3400 The price consolidation above 3650-3730 will confirm the end of the correction. Bulls in this case can take the situation into their own hands after a long accumulation, the target of which may be a test of high, as well as ath. Regards R. Linda!
Long
by RLinda
4
GOLD (XAUUSD): Bullish Accumulation?! Quick update for Gold: since my last post on Sunday, the market formed a classic bullish price action pattern on a daily - the ascending triangle. The pattern signifies a bullish accumulation and a highly probable coming bullish movement. To confirm that we stick to the plan that I shared earlier. We wait for a bullish breakout of 2341 and a daily candle close above. It will open a potential for a bullish continuation to 2375. Alternatively, a bearish breakout of a trend line of a triangle can give us a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
6
Macro Bitcoin ThesisThis will not be appreciated and who knows if it's right but here's my last macro prediction for the distribution of risk assets. Curtesy of x/ki_young_ju we have what looks like to be miner selling beginning. ETF inflows are still increasing, though. x.com We have what looks like Bitfinex exiting stage left. Easy to see when exchanges deviate from the Bitcoin average price we get tops. Bitcoin Dominance is topping as well. This will be the best time to predict where you are selling your altcoins as they are already popping off, and have much more room to grow from here while Bitcoin stalls. My idea for the flows of liquidity will be US firms will still want exposure to their Bitcoin through the ETFs but the rest of the world hasn't had the regulatory hurdles the US had, so they will be selling their Bitcoin to the US at top tier prices, causing a top, in my opinion. The price discovery periods for Bitcoin, although higher in price, will average less in magnitude.
COINBASE:BTCUSDLong
by copeharder
1
Gold will Go Down by Symmetrical Triangle Pattern!!!Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern , at least to the Support zone($2,337-$2,318) . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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
OANDA:XAUUSDShort
by pejman_zwin
8
TOTAL !CRYPTOCAP:TOTAL Total crypto market cap may rebound from support trendline of ascending triangle Successful bounce from this trendline lead to bullish continuation , However, a breakdown could trigger a bearish trend, pushing the market towards $1.85 trillion. 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!!
CRYPTOCAP:TOTAL
by CobraVanguard
1
USD/JPY Technicals Point Higher, but Intervention Risk RemainsFrom a purely technical perspective, USD/JPY remains in a well-defined uptrend that started just after Christmas. Over the last few weeks, the pair has carved out a clear ascending triangle pattern with resistance at 158.00, suggesting that a break above could quickly expose the 30+ year highs near 160.00. The only fly in the proverbial ointment is the BOJ, which may look to intervene to cap the pair on a move toward 160.00, as it did in late April and early May. Overall, the technical bias remains bullish, especially if we break 158.00, but traders will want to plan for the risk of potential intervention with smaller position sizes or tight stops. -MW
by FOREXcom
AUDJPY: Very Bullish Setup 🇦🇺🇯🇵 One of the setups that we discussed on a today's live stream is on AUDJPY. The pair broke and close above a neckline of an ascending triangle pattern on a daily. Retesting the broken neckline, the price formed one more triangle on an hourly time frame. Its neckline breakout is a strong intraday bullish signal. I believe that a bullish trend will continue on the pair. Goals: 105.5 / 105.7 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
Short AUDCHF Idea based on Classical chart patterns on a short time frame(4H chart). abbreviations: M/W/D/H = Month/Week/Day/Hour TL: Trendline DT: Double Top DTr: Descending Triangle The chart goes from Monthly(top left)/Weekly(top right)/Daily(bottom left)/4 Hours(bottom right) 1st from the monthly chart you can see the pair in a steady down trend, and maybe one could say that it is sitting at the low ends of the down trend. zoom into the weekly chart and you see that indeed there was a DTr that took 17W to form indicating a break lower, which never happened. A failure of this pattern led to a move to the target derived from the pattern @0.6055 level. the market now hit the target. And the heat seems to be waning. in the daily chart, near the 17W DTr failure target the market has now attempted to form patterns indicating topping out of the moves, 8W DT and 4WDT. While the former turned out to be a failed pattern, the former, at least for now, seems like a pattern completion. all this in mind, the 4H chart now seems to be forming a 1W DB, which could mean that the market is still strong, and the bullish move may continue, or this is a failed attempt to consolidate and the trend turns. based on the target derived from the 1W DB, the risk return looks more favor for a short AUDCHF, looking for almost 7:1 risk reward trade. Entry : 0.5938 or above SL : 0.5953 (-0.25%) / TP: 0.5835(+1.7%) (as always, not investment advise or prediction)
Short
by NapierAnalytica
1
Unbelievable Stock Surge :How OLECTRA GREEN TECH Could SkyrocketOLECTRA GREEN TECH is known for its significant price movements, typically following breakouts. Since its initial launch, the stock has surged from 4-5 Rs to 2200 Rs, marking a remarkable +47,000% increase. Currently, there appears to be a promising opportunity as the stock consolidates within a triangular pattern. With a suggested stop loss below the 1450 Rs mark, there is potential for a minimum 30% upward movement, with a downside risk of 5% when the stock reaches support levels. Adjustments to the stop loss may be necessary during a breakout, but maintaining it around the 1450 Rs level seems prudent.
NSE:OLECTRALong
by Cyril-Richard
Triangle breakout on ASAHIINDIAASAHIINDIA formed a triangle patter on weekly chart and broke out of resistance today. Multiple support and resistance levels were tested prior to breakout. Also note the price tried to breakout few trading sessions back and was rejected. Upon going down the price was again rejected at the support levels. Indicating strong buying interest. Stop loss can be had just below the breakout candle with target the width of the triangle. Entry can be had above today's high. This trade offers ideal risk reward of 1:2. Hope you like this idea. If you like please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
NSE:ASAHIINDIALong
by digijagan
HelenP. I Gold can exit from triangle and continue to declineHi folks today I'm prepared for you Gold analytics. Some time ago price reached the resistance level and even entered to resistance zone, but at once turned around, exited from the resistance zone, and fell below. Next, XAU some time traded near the resistance level, after which it made impulse up to the trend line, thereby breaking the 2355 level. After this, the price at once made a strong impulse down inside the triangle pattern, breaking 2355 and 2305 levels. Then Gold started to grow and in a short time rose higher than the 2305 level, which coincided with the support zone and rose to 2342 points. But then the price made a correction movement to the support zone, after which rebounded up to the trend line, which is the resistance line of the triangle also, and started to decline near this line. Just now, the price trades near the support line of the triangle and continues to decline. For this case, I expect that XAUUSD will rise to the trend line and then continue to decline to the support level, exiting from the triangle pattern. Then price can break the support level and continue to decline next, therefore I set my goal at 2280 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
USDJPY Analysis and Trade OpportunitiesLike I mentioned in our weekend live session, I don't see any BOJ intervention happening soon. The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66. Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years. Key Levels: Potential Intervention Levels : - 158.73 - 159.66 - Buying Opportunity : Around 157.74 Shorting Opportunities : 1-Hourly Chart : - Bearish Bat Pattern Completion : 158.15 - ABCD Pattern Completion : 158.39 if the Bearish Bat Pattern does not complete Strategy : - Buying at 157.74 : Use the tried and tested strategy that has worked over the years. - Shorting Opportunities : Monitor the 1-hourly chart for potential Bearish Bat Pattern at 158.15 and ABCD Pattern at 158.39. What’s your trade plan for USDJPY? Any valuable insights you’d like to share? Comment down below.
Long
by RaynLim
GBPUSD Sideways Consolidation with Potential Upside BreakoutTimeframe : Weekly and 4-Hourly Charts Predicted Move : Potential Upside Breakout Analysis : On the weekly chart, GBPUSD is currently in a sideways consolidation phase. Although the pair is near the top of this range, there seems to be a tendency for the market to break towards the upside. This observation is based on my 18 years of trading experience and intuition. Key Points : - Sideways Consolidation : GBPUSD is trading within a defined range on the weekly chart. - Near Top of Range : Price is approaching the upper boundary of the consolidation. - Potential Upside Breakout : Market tendencies suggest a possible break to the upside. - Trading Experience : This analysis is supported by my 18 years of trading experience and gut feeling. Strategy: - Retest and Buying Opportunity : If you share my perspective, I'm looking for a retest within the buy zone on the 4-hourly chart at 1.2666 for a buying opportunity. - Understanding the Buy Zone : It may seem like the buy zone has been broken, but with professional chart reading, it's evident it hasn't. Note: This analysis is based on my personal trading experience and should not be followed blindly. Always conduct your own research and analysis before making any trading decisions. Stay cautious and trade wisely!
Long
by RaynLim
EURUSD Sideways Consolidation with Key Levels for TradingTimeframe : Weekly and 1-Hourly Charts Predicted Move: Sideways Consolidation with Specific Levels for Trading Opportunities Analysis : On the weekly chart, EURUSD is in a sideways consolidation phase and is currently at the bottom of this range. For precise entry points, I'll be closely monitoring the 1-hourly chart. Key Points: - Sideways Consolidation : EURUSD is consolidating within a defined range on the weekly chart. - Bottom of Range : Price is at the lower boundary of the consolidation, suggesting potential buying opportunities. Key Levels on 1-Hourly Chart: - Shorting Opportunity : 1.0739 is my preferred level for considering short positions. - Buying Opportunity : 1.0668 is my preferred level for considering long positions. Strategy: - Monitor Key Levels : Watch the price action around 1.0739 for shorting and 1.0668 for buying opportunities. - Confirmation : Look for confirmation signals on the 1-hourly chart before entering trades. Discussion: Potential for Parity: The question of whether EURUSD might hit parity again is intriguing. While the current consolidation phase doesn't indicate an immediate move to parity, significant macroeconomic events or shifts in market sentiment could drive the pair towards parity. It’s essential to stay updated on fundamental factors and market news that could impact EURUSD. Note: This analysis is based on my trading experience. Always conduct your own research and analysis before making any trading decisions. What’s your take on EURUSD? Do you see the potential for it to hit parity again? Share your thoughts!
Short
by RaynLim
SFPUSDT → Waiting for a bullish RALLY from 0.8650BINANCE:SFPUSDT shows a beautiful bullish picture. An interesting coin that has been accumulating potential for two years and currently shows bullish prerequisites for a possible growth or even a rally. The coin continues to push towards 0.8137, a liquidity area that plays a key role in the market. Consolidation continues, but based on the overall situation, the denouement is close enough. It is worth paying attention to the resistance of the ascending triangle on the daily timeframe: 0.8630 - 0.8650. Breakout and consolidation of the price above the key figure can become the reason for activation of the phase of realization of the accumulated potential, which can give us the growth to 1.10, 1.32, or 3.1. Support levels: 0.8137, 0.7500 Resistance levels: 0.8629, 1.0, 1.3238 The movement is slow, lagging behind the entire cryptocurrency market, but shows interesting prerequisites for a possible bullish momentum. Targets are indicated on the chart Regards R. Linda!
Long
by RLinda
4
TON → The bulls are almost ready. Breakout 7.23, rally ...OKX:TONUSDT is starting to show bullish potential. This is quite interesting for us, because, in general, the coin's potential is huge. BTC momentum could push the coin to rally. The bulls have held the defense above 5.985, forming an intermediate bottom. In the current range, the 6.45 - 6.65 area, where the maximum number of coins have been traded (bought), is a zone of interest for the big player and he will try to defend it. The range of market accumulation is 7.23 - 6.23. Until the price leaves this range, the market will be flat. It is worth paying attention to the local descending resistance. There is an attempt to break through it and the price may strengthen to 7.23. The whole emphasis is on this area. A correction or pre-breakout consolidation may form before the breakout. Resistance levels: 7.23, 7.67 Support levels: 6.7, 6.23 I am waiting for the retest of 7.23. It is interesting to see the reaction from which it will be possible to form further strategy (pullback or breakout). The probability of a breakout is increasing on the background of a strong bitcoin. Regards R. Linda!
Long
by RLinda
11