Wave Analysis
#Bitcoin accumulationCurrently, MARKETSCOM:BITCOIN is mainly accumulating.
We may still liquidate around the magic box.
History repeats itself.
Just be patient
Black gold may continue to rise.Hello everyone! The price of oil has been trading within a descending parallel channel for several days, with the bulls holding the support level at 78.50.
If the price breaks through the upper boundary of the channel, the bulls might attempt to push it towards the next resistance level at 84.00 for Brent.
Considering the impact of news on oil prices, I believe it’s wise to lock in profits at potential reversal zones.
Stop-loss should be placed at the local low.
On the daily timeframe, we can see that further growth is possible as part of the fifth wave of the impulse.
XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction.
Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction.
XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present.
Support levels: 0.4177, 0.3896
Resistance levels: 0.460, 0.4955
The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales.
Regards R. Linda!
TAO: Two Scenarios, One Goal.#Bittensor is a leading AI coin. Despite lagging in the recent AI rallies, I see two paths for it:
Yellow: #TAO is in its 5th wave, heading for a new ATH soon.
White: #TAO is forming a 4th wave triangle, which needs more time to stabilize before targeting a new ATH.
US30 Will Go Down! Short!
Here is our detailed technical review for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 44,145.21.
Considering the today's price action, probabilities will be high to see a movement to 42,746.00.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USOIL Will Move Higher! Long!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 75.561.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 82.488 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DXY Faces Selling Pressure Despite Ongoing Bullish TrendDXY Faces Selling Pressure Despite Ongoing Bullish Trend
The DXY Index continues to experience slight selling pressure, even though the bullish trend remains intact.
The US Dollar (USD) saw a modest rebound following reports that President Trump is considering a 10% tariff on China as a response to fentanyl shipments, effective February 1. Trump stated, "We're discussing a 10% tariff on China due to their fentanyl exports to Mexico and Canada."
Tariff threats and their eventual implementation are likely to impact market sentiment, giving the USD a potential boost. However, any delays in tariff announcements will provide temporary relief for risk assets and might prompt unwinding of long USD positions.
Technical Analysis: In our previous analysis, we observed that the DXY Index broke out of its channel and hit one of the targets. Given the uncertainty surrounding tariff decisions, DXY is hesitant to take a definitive direction before February 1. Post that date, clarity on the USD's outlook may emerge, potentially leading to a new bearish correction.
You may find more details in the chart!
Thank you and Good Luck!
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GOLD - its breakout? again short??#GOLD. market perfectly moved as per our analysis and broke his support 2652
keep close guys because if that is a breakout then be ready for a sharp drop..
good luck
trade wisely
USDCAD Is Very Bullish! Long!
Here is our detailed technical review for USDCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.438.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.450 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.and you what is your vision of the EURUSD its interests me! i wait you in the commentary
Silver / possible correctionWe are very overbought for SILVER, I think, we should see a good drop of the precious metal.
I feel we may see a test of $ 26 area.
Strategy sell area: 30.80-31.80, may place your SL above 32.35 and take profit near $ 26.20 or a bit below 26.0$.
Gold is in a state of confusion between collapse. Wave C has mosGold is in a state of confusion between collapse. Wave C has mos
Is It Right Time To Buy Alts??**Bitcoin Dominance Update**
BTC.D is attempting to break the yellow resistance zone but has yet to succeed. This indicates that **altcoins still lack the momentum** for a strong buy opportunity.
Currently, BTC.D remains **below 58.72%**, which suggests the market is **not yet in a bullish phase**. However, there’s **no clear reversal confirmation** either.
**Key Takeaways:**
- **No buy signal for alts yet** – wait for BTC.D to show clearer movement.
- **Not bearish, but not bullish** – the market remains in a neutral zone.
- **Patience is key** – wait for a confirmed breakout or reversal before making moves.
Stay tuned for updates! 🚀
CHFJPY: Waiting for BOJ to Decrease the Price FurtherCHFJPY: Waiting for BOJ to Decrease the Price Further
CHFJ is currently growing, but caution is advised as the price is near a strong resistance zone, and there is a possibility it could move down again.
However, this time, the movement is not solely based on technical analysis but is more related to the Bank of Japan (BOJ), which is expected to hike rates on Friday, January 24, by 25 basis points, bringing the new interest rate to 0.5% from the previous 0.25%.
While the BOJ has promised this increase, it remains to be seen what they will actually do.
You may find more details in the chart!
Thank you and Good Luck!
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The most possible scenarioIt seems that a complex correction that comprises (an expanding triangle+a neutral triangle) is completing soon as the B of the higher degree, the first target in 1 or 2 candles will be 111500-112000 with the SL of 99k!
RBLX LongRoblox (RBLX) while unprofitable has led to negative P/E ratios + -700% ROE, -ROA, - ROIC with low quick and efficiency ratios. DE ratio also indicates RBLX is heavily leveraged which could lead to damaging long-term health. However, recently PB and PS indicated high growth potential from an investor viewpoint and investor bullishness. DE dropped drastically from 2023 to 2024 indicating a shift of long-term to short-term debt. This indicates that RBLX is shifting from a long-term viewpoint into shorter-term viewpoint which could be indication of a strategic shift. For RBLX, this would mean a takeover of other game companies and further solidify market dominance with increasing and developing userbase (younger), subscription model, and simulated ecosystem. Possible retracement from market sentiment and debt obligations, but then bullish continuance.
AUDJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for AUDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 98.074.
Considering the today's price action, probabilities will be high to see a movement to 96.232.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SWARM looks bearish (4H)It appears to be forming a diamond-shaped diametric pattern and is currently in wave E of this diametric.
The main supply zone has been marked on the chart.
Wave E is expected to drop to the lower areas.
A daily candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
USOIL LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on USOIL right now from the support line below with the target of 79.40 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Bearish trend on GBP/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 188.731.
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USDCHF_30M_BuyAnalysis of the Swiss Franc In the short and medium term, it is possible to form a top floor pattern. If the price is above 0.90700 and maintains this number as support, it can enter an upward wave and move towards 0.90970 and 0.91100.
