RSR/USDT: BREAKOUT,RETEST DONE! READY FOR AN ATH!!Hey everyone!
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RSR looks promising here. It breaks out from the falling wedge-like structure in the daily time frame and a perfect retest is also done. Now, it seems ready for a 100-150% move. Buy some here and add more in the dip.
Targets:- $0.0068/$0.0092/$0.0122/$0.014
SL:- $0.0048
What are your thoughts on RSR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Wedge
DOGS Analysis - What Shall we Expect !!!BINANCE:DOGSUSDT
As you can see, after the wedge breaks, the price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Ethereum - Time to buy again! BINANCE:ETHUSDT
It seems that the price has good support after the wedge break on 50% Fibonacci and after this price can grow up to resistance zone also ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves !!
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✅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!!
NZD/JPY: Poised at Rising Wedge, Awaiting Breakout➡ Poised at a rising wedge, indicating potential for breakout on either side
➡ Resistance levels to watch: 91.52
➡ Support levels: 85.39 and 83.04
This currency pair is currently in a rising wedge formation, a pattern that typically suggests forthcoming volatility with a possible breakout. Traders should closely monitor these levels to anticipate the next significant move.
HelenP. I Euro will continue to decline, breaking support levelHi folks today I'm prepared for you Euro analytics. Some time ago price declined to support 2, which coincided with the support zone, and some time traded near until it broke this level and fell to the trend line. Then EUR started to trades inside a wedge, where it rebounded from the trend line, which is the support line of this pattern, and rose to the resistance line, breaking support 2 one more time. Next, the price corrected the trend line, after which rose to the resistance line and then repeated this movement. Later Euro made an impulse up from the trend line and exited from the wedge pattern, broke support 1, and even rose a little higher than the resistance zone, but soon backed up. A not long time ago price rose from the resistance zone, after which at once turned around and dropped back. Now, I expect that EURUSD will make a small movement up and then continue to decline, breaking the trend line with the support level. Therefore I set my goal at 1.1015 points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN - Price can rise to resistance level and try to break itHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge.
Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level.
But soon, BTC turned around and started to grow inside rising channel, and later broke $56200 level again.
Then price reached resistance line of channel and at once made correction, after which rose to $64000 level.
After this, BTC turned around and fell back to support line of channel, and a not long time ago bounced up.
So, in my mind, price can bounce up from support line to $65800, thereby breaking resistance level.
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GOLD - Price can make small move up and then bounce downHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line.
Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle.
After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow.
In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell.
Price declined to $2475 level, which coincided with support zone and recently it started to grow.
Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge.
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Silver struggles at downtrend littered with reversal patternsSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. But with the move stalling ahead of levels where it's struggled in the past, and with major risk events approaching fast, are we on the cusp of yet another bearish reversal?
Silver has rallied 14% from the early August lows
It has been extremely correlated with other industrial metals such as copper over the past month, suggesting it’s more a play on the global economy
Silver rally stalls at downtrend that’s sparked bearish reversals in the past
Overview
Silver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for global US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity.
While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year.
Silver looking at another bearish reversal?
When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it.
With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks.
For those keen to take on the short trade, you could sell now or wait for better levels slightly higher with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider.
If the trade moves in your favour, consider lowering your stop to entry level or lower, allowing for a free hit on downside.
-- Written by David Scutt
SILVER (XAGUSD) : Pullback From Key LevelSilver is likely to drop from a significant daily resistance level.
There are several signs of a potential drop in the short term, including the breaking of a neckline of a double top pattern and a trend line of a rising wedge pattern on a 4-hour timeframe.
The price could soon reach the 29.04 level.
Silver looking toppy as risk events nearSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity.
While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year.
When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it.
With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks.
For those keen to take on the short trade, you could sell now with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider. If the trade moves in your favour, consider lowering your stop to entry level or below.
Good luck!
DS
Crypto TOTAL Market cap on the verge of a correctionThe crypto market just had a decent recovery from its latest crash on Black Monday. Now, it seems we can expect another low based on the market structure and technical analysis.
Historically, September has often been a red month for markets. What I expect is a quick flash in the market before it goes up to make new highs, starting the main bull market we've all been waiting for.
This correction to $1.5T will provide the liquidity and fuel for strong bullish momentum toward the main target of $6-7T in the TOTAL Crypto Market Cap IMO. DYOR
Tesla Continues Consolidation Inside Wedge PatternI am longterm bullish on Tesla for many reasons, however I do believe it will continue to consolidate inside this wedge pattern well into 2025. So, if you're looking to purchase this stock, I believe you have 12 months from now to accumulate at reasonable price levels. It is also interesting to watch the fib retracement levels for short term support and resistance.
GTAI's Situation: What Shall we Expect !!!COINEX:GTAIUSDT
GTAI is forming a falling wedge on 4h timeframe , Up we go if we do breakout.
🔵We have a Bullish Structure here
GTAI formed a falling wedge on 4h timeframe🤔
Up we go if we do breakout , also a bullish Divergence (RD+) on MACD which shows Positive Signs for GTAI.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 5th waves.
🟢Bullish Regular Divergence(+RD)
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!
Euro can drop to 1.1100 points, thereby exiting from wedgeHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a few moments ago entered to range and dropped from the support level, which coincided with the support area to the buyer zone. When the EUR fell to this area, it some time traded very close to the bottom part of the range and later rebounded up to the support level. Also, inside the range, the price formed three gaps, and on the third gap, the Euro exited from range, entered to wedge, and dropped to support line of this pattern. Later price turned around and started to grow, after which in a short time rose higher than the 1.0900 level, breaking it finally and then made a retest. After this price rebounded from the support line of the wedge and rose to the resistance line, but a not long time ago EUR rolled down from this line. At the moment, I think that the price can rise almost to the resistance line of the wedge and then drop, thereby exiting from the wedge. For this case, I set my TP at 1.1100 points. Please share this idea with your friends and click Boost 🚀
IMXUSDT→ Exit from consolidation. One step away from the bullrunBINANCE:IMXUSDT exits the local consolidation and also breaks the resistance of the global trend, which can be regarded as a positive prerequisite for growth.
IMX is consolidating above the support at 1.386, formed in June. The area divides the market into 2 parts (long and short). Bulls are actively trying to keep the price above this zone, buyers' target is the area of 2.576. But before the rally MM can form a local long-squeeze, in which a false breakdown is possible (liquidity capture below the level) before further movement. It is also worth paying attention to MA-50, within the framework of the retest the market may test both sma and the previously broken wedge boundary before resuming the rally phase.
Support levels: 1.386, MA-50, 1.076
Resistance levels: 1.543, 1.784
Bitcoin is pressuring the market, which is forming a local correction, if the flagship starts moving up, it will strengthen the overall tone in IMX. But, if still bulls hold 1.385-1.400, breaking 1.520 resistance will give another chance for growth.
Regards R. Linda!
NZDUSD: Very Bullish Pattern 🇳🇿🇺🇸
NZDUSD formed a bullish flag pattern on an hourly time frame
after a recent strong bullish movement.
The breakout of the resistance of the flag is a strong bullish signal.
It signifies a highly probable bullish trend continuation.
The price may reach 0.6235 / 0.6245 levels soon.
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Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart!
Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone!
All along the way, creating Higher Highs and Lows forming a Bearish Wedge!
Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN!
*Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
GBPCAD: Time For Pullback?!GBPCAD hit a strong level of horizontal resistance last week. The market had been consistently increasing within a rising wedge pattern.
Following a test of the horizontal resistance, a downward movement initiated and the pair broke closed below the wedge's support.
Since the pair is currently in an overall bullish trend, this breach could lead to a retracement. The target for this pullback is set at 1.7727.
XAUUSD 1D FORECAST!● Here we see a classic pattern in the XAUUSD chart, the result of which is a price drop, which works very well !
● First, we have to be patient to see the third roof; Because this pattern usually has three roofs! You can decide to open a deal there!
●The next point is that these three roofs have a divergence, which is determined by the RSI indicator! We also see divergence!
● For more certainty and a less risky trade, you can wait until the red trendline breaks properly. That's when he was looking for an excuse for a sell deal in the pullback!
💬And in the end, I hope this view will work for you and improve your business! I will be happy to comment your opinions and ideas to me!
Be successful and profitable! 🤍🫶🏻🩷
EURUSD → ATH update, false breakdown, but there are nuances...FX:EURUSD continues to strengthen, updating the December 2023 ATH and forming a false breakout that could form a small correction before a possible rise.
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The key level is 1.1123, as well as the high of 1.1173.
The struggle for the lower level continues, bears are not letting the price up, expecting to capitalize on the correction before the news.
The focus is on Powell's speech, which will take place at 14:00 GMT. His tone, prerequisites and comments could set a strong medium-term backdrop for the markets.
Technically, 1.1075 has formed a pool of liquidity that could be of interest to MM. But we need to watch price behavior, a small correction and a retest of resistance or consolidation near the level will be a good signal that the bulls are ready to go higher.
Resistance levels: 1.1123, 1.1173
Support levels: 1.1047, 1.1009
The price is currently in the consolidation phase. The correction may start, but if the price turns to retest 1.1123, it is worth considering a breakout strategy and further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
With break patternHere is an analysis of the Dogecoin (DOGE/USDT) chart📊
Key Levels:
1. Support Base : Around 0.09371 USDT , this area acts as a significant support where the price has previously bounced back. 🛡️
2. Resistance Levels :
- The chart shows 0.10791 USDT (marked as TP-2) acting as a resistance point, which has been tested several times. ⚔️
- Higher target levels (TP-3 at 0.11360 and TP-4 at 0.12016) indicate potential for bullish movement if the price continues upward. 📈
Pattern:
- Again Pattern : The chart highlights an "again pattern," suggesting a potential repeating price structure near the 0.10791 USDT resistance zone. This could be a reversal or rejection point. 🔄
- Trendlines : A downtrend is drawn from the top near the resistance, connecting lower highs, making it a critical point to watch for a breakout. 📉
- Consolidation : Price seems to be consolidating near the trendline, which typically indicates a potential breakout. 🔍
Potential Strategy:
- Entry Point : Current price around 0.10223 USDT shows consolidation near a key trendline. A breakout above this trendline could signal a bullish move. 🚀
- Risk/Reward : The suggested "Save profit in R/R=2" indicates a risk-to-reward ratio of 2:1, targeting higher levels (TP-1: 0.10541, TP-2: 0.10791). 💰
- Stop Loss : The red zone around 0.10059 USDT indicates a stop-loss area, below the current consolidation, protecting against downside risks if the price fails to break out. ❌
Conclusion:
This chart presents a bullish outlook if Dogecoin breaks above the trendline. A potential breakout could lead to targets near 0.10791 USDT or higher. However, caution is necessary if the price drops below the 0.10059 USDT stop-loss level. ⚖️
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📊 Analysis by AhmadArz
🔍 Entry : 0.1035
🛑 Stop Loss : 0.1005
🎯 Take Profit : 0.1054, 0.1077, 0.1136, 0.1201, 0.1260
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🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz."
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets.
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GOLD (XAUUSD): One More Bullish ConfirmationWe talked about how bullish Gold looked last week, and today I see another strong bullish signal on a 4-hour time frame.
After testing an intraday support level, the price broke and closed above a resistance line in a falling expanding wedge pattern.
The pair could continue to rise towards the All Time High of 2,533.