SasanSeifi 💁♂ PFE /DAILY ⏭ $28 /$30Hey there,✌
NYSE:PFE In the daily timeframe, as observed, the price is currently fluctuating within the $25 range following a prolonged downtrend. The long-term trendline has been broken, and we can consider the following scenario: if the demand range is maintained, the price may experience positive fluctuations up to the $28 range. Then, if the $28 ceiling is breached and stabilizes above it, we may witness an upward trend and a new higher HIGH beyond the $28 ceiling. The desired targets in the long term and potential trends are also indicated in the attached image. The $25 demand range is crucial for the envisaged scenario. Moreover, if the price penetrates below the $25 range, the likelihood of further correction increases.
This is not financial advice. Always do your research before making any investment decisions.❗
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1d
XAU-USD (GOLD)Gold's retracement to 50 or 61% is necessary for a well-executed impulsive move. Without going through a corrective phase, gold is only traveling in one direction. Each time the price has reached an Ath, and each time the pair has manipulated close to the Ath. This represents the final vertical resistance of the ascending channel of the upper period. This may reverse and lead to the final support region during high Fundamental data. Before trading, verify appropriate price activity; this is merely a suggestion, not a signal.
GBP-USDA solid horizontal support is in place for the price. We have observed a good recovery in the last three to four times. Price appears to have become trapped in the range-bound region, where no impulsive movement is evident. There is a greater likelihood that the price will go back towards the horizontal resistance region if it finds support close to the zone. A strong reversal candle can help us understand a bullish trend. And also 1.2500 is key level of support.
ARBITRUM whether it is worth playing longThe day before yesterday (March 16) there was a very large unlocking of ARB tokens. Exactly, as many as 1.1 billion ARB tokens appeared on the market, whereas before there were 1.45 billion of them in circulation. On this day, due to such high supply pressure, we broke out of the triangle formation (marked in white) and are currently in my first buying zone from $1.70 to $1.58. I believe that locally the worst of the decline in Arbitrum is behind us and we are now in the accumulation zone. I also marked the second buying zone from $1.28 to $1.10, although if Bitcoin does not make a deeper correction, I do not expect such a deep descent to this area.
Additionally, it is worth mentioning that in recent days there has been an update of DENCUN on Ethereum, which, in short, will positively affect layer 2, which is Arbitrum. Therefore, I speculate that capital will soon flow to the layer 2 category and in particular to Arbitrum, because the long-awaited token unlock is already behind us. Assuming further increases here, I would make the first profit taking at the resistance around the current ATH and the next one at $2.80. I believe that the risk-reward ratio is in our favor here, and the low RSI level on the daily market further confirms this.
ETH RANGES Ethereum being the second biggest coin in market cap has a very important role to play in the crypto ecosystem, however, we haven't heard to much talk or news about the coin as other L1's have stolen the spotlight. SOLANA, INJECTIVE, SUI etc have all grown in popularity and have taken a lot of the focus away from the biggest altcoin by market cap.
In the chart there are clear ranges for which I believe are worth trading. Range 1 & Range 2 are the HTF key levels, bouncing between the High, low and the midpoint of the range . Currently we have seen price be rejected from the Range 2 Midpoint the support comes from the $2130 level in the HTF but the red supporting trendline on the lower timeframes. For now the chop has kept ETH within those areas and until proven otherwise should be traded as such.
A case for the bulls on Ethereum :
- ETF narrative can be a powerful mover as has already been demonstrated with the BTC move all of last year. Now that the Ethereum ETF awaits approval we could see a similar rally towards the decision date at the end of May this year . It's important to note that this date is post BTC Halving event and historically a rally follows this event throughout the market.
- Deflationary tokenomics lend themselves to a bullish asset for investors because of simple supply and demand dynamics. With the inevitable increase in retail exposure that comes with a Bullrun in addition to BlackRock and other ETF providers buying large sums of the crypto to offer to customers. Naturally this increases price as demand is up, now couple that with a deflationary circulating supply and you have a very bullish scenario where a very sought after asset is becoming increasingly rarer, perfect storm for the bulls.
A case for the bears:
- OLD NEWS... I would say that in crypto being the new kid on the block is very important for increasing the price of the token. We have seen in the last year many new L1's be released and have taken the spotlight away from older more established coins which can be disheartening for anyone that's holding ETH or looking to add ETH to their portfolio.
INJECTIVE, SUI, TIA to name a few often outperform the larger cap coins that are older as the potential to grow is much larger. Ethereum already has a market cap of $280B The likelihood of 5x, 10x or 20x gains are much lower than a smaller cap coin offering a similar service with newer technology. So for this reason I think the well established nature can work against Ethereum but it is worth saying that because of this it is less risky to invest in a larger cap coin when compared to smaller caps.
I'm keeping a keen eye on ETH both against stables and BTC pairs but will avoid getting drawn into the choppy price action. Only taken action at the key levels shown on the chart.
BTC - CORRECTION INCOMING!In order to alert you, signals of a correction before the next halving are on the table.
In first place, a huge divergence on the price in concordance with the rsi. Similar one to the 2021 dump of price, nevertheless i think this won't be as fatal as that one.
I expect a healthy retracement to 35-32k according to the fibonacci indicator, further could be catastrophic, but it is in a pre-bull market so it wouldn't be normal to not find a support at that price.
If i'm wrong please delete this from your mind, if not, be careful market is unpredictable. Good luck to everyone and happy christmas.
EUR/USD Short Opportunity As we can see, the price has rejected a solid resistance at 1.11, it's a 4 years resistance and it seems not to break it up soon.
It could fall to TP 1 and bounce up to the resistance trying to break it again, or aggressively fall to TP 2 doing a reset.
High volume at resistance and bearish indicator on RSI are good signals to go short
ETH BEARISH DIVERGENCE?ETHEREUM along with BITCOIN have both produced huge gains this year with ETH up 93.66% and BTC at 166.35%.
For me ETH is at a crossroads and the positives and negatives in my opinion are as follows:
POSITIVES:
- The market looks strong, consolidation periods are not long in duration, and price has just broken out of a long term range. It looks like crypto interest has returned and with ETF decisions in sight it looks like the sentiment is LONG into this news event.
- Fundamentally ETH is in a strong place right now, it recently gained 'deflationary' status too which helps the supply/demand dynamic for the bulls.
- ETH tends to follow suit after BTC, so when BTC goes up the profits rotate into ETH when BTC is consolidating and then it catches up. Since BTC is so far ahead in terms of %gain this year I do believe ETH is due it's major rally however I don't think it will come soon, I can see BTC continuing to dominate it for some time until the BTC ETF narrative has passed and the final blow off top at the end of the Bullrun which is some time away, 2 years or so...
NEGATIVES:
- It looks like we're at resistance on the volume profile after a huge rally with very few pullbacks.
- Reliant on BTC to maintain the move forward. If BTC falls off a cliff it will bring ETH down with it.
- Major bearish divergence on the 1D timeframe.
- Approaching overbought on the weekly time frame.
- Euphoric sentiment, both on CT but also in your own feelings. If you've been into crypto for a number of years you would know getting euphoric often leads to returning any gains that were made.
- New yearly high for the fear and greed index @ 75.
To conclude, I am still macro bullish on ETHEREUM. Over the long run (next 2 years) I have no doubt ETHEREUM will see new highs.
However, I do want to be wary of a pullback , not just for ETH but also BTC as altcoins are subject to any changes in BTC which has gone parabolic in recent days. This coupled with the bearish divergence means from a Technical analysis standpoint maybe this is a good time to take profits. From a fundamental analysis standpoint the market is strong and everyone is euphoric. What happens next will be decided by people being bullish team FA or if people are team bearish on TA.
Nvidia Wycoff AnalysisA: Find a new resistance, volume was high too
B: Test and failed the resistance
C: Attemp to break but it won't even be near
D: Fail at the support zone
E: Break heavily with a high volume
F?: It could be a pullback to the break to immediatly continue failing to the next support zone
SasanSeifi 💁♂ Analyzing Price Trends and Growth PotentialHey there! In the daily time frame, as you can see, the price has been fluctuating within the range of 0.10 after breaking out of the downtrend and rebounding to the 0.11 level with some partial positive fluctuations. Currently, it's trading in the price range of 0.1240. There is a possibility of growth towards the liquidity range. Currently, the expectation we can have is that if the demand range of 0.11 is maintained, we may see further growth towards the target of 0.1350. To better understand the continuation of this trend, we need to observe how the price will react. If it can penetrate above the 0.1350 range and maintain that position, further growth in the medium term can be considered towards the supply range of the price levels 0.1550 and 0.1700. 📈🚀
🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
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SasanSeifi 💁♂ OP ⏩ 1.70$ / 1.90$In the medium term, the expectation we can have is that the price may be able to grow towards the range of 1.70 to 1.90. 📈🚀The important support ranges are at 1.40 and 1.30.
🟢 Keep in mind that these are just scenarios, and it's important to conduct your own analysis and consider other factors before making any trading decisions 😊📈📉
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!
🔹If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊 🙌
USD-JPYThe price of USDJPY currently traded at 151.500. And major resistance and supply zone at 152-152.200 area. But the market takes some liquidity till 153.500-154.00 point and then down to 149.00. Price is also in an uptrend and bound in an upward rectangle. Ans the news about Japanese banks increasing the interest rate for the first time in history that impact on this.
SasanSeifi 💁♂️FTM/USDT 👉1DHey there!😎 In the daily time frame, as you can see, after a price decline from the $0.17 range, there was a positive reaction, and it is currently trading within the price range of $0.19 while following a downward trend line. In the daily time frame, one can expect that if the downward trend line is broken and the price consolidates above the $0.20 range, we may see the price experience further growth after a minor correction and pullback to the level of the downward trend line, potentially reaching the significant supply zone at $0.24.
For a better understanding of the continuation of the price movement, it's important to observe how the price reacts when approaching resistance levels. The likely trend is also indicated in the image above. Maintaining the support range of $0.17/$0.16 is very important. Additionally, in case the price gets rejected from the $0.20 resistance range, there is a possibility of witnessing a sideways trend.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
XAU-USD (GOLD)The price of gold currently traded at 1977. And the last high is 1997, if price break the resistance directly then gold price further go up 2040 1TP, 2075 2TP. but in case of some retracement price go down ant 1950-1955. and then 1930-1915 that is most demand zones, then further go up. that's mention in chart.
SasanSeifi 💁♂️Brent 👉1D🔼 90 / 94 Hey there! 😊
On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone. If it keeps climbing, we'll want to keep an eye on how it interacts with those resistance spots. Let's see where it goes from here! 🚀
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌