NEARly all crypto charts look like this right nowI just looked at easily 50+ charts that all look pretty much identical to this chart. There is a good chance whatever one does, the others will follow mostly. If there is a break out, there should be systematically, dozens of breakouts that can be jumped on, all happening at varying times within a short time frame. Similarly, could be a pretty big broad market pull back where we should be hunting support lines to buy the dip. Here is general analysis on the chart.
Structure and Price Action:
Rising Wedge Breakdown:
The chart shows a clear rising wedge pattern that has broken down decisively. Rising wedges are bearish patterns, and this confirms further downside potential.
Downward Red Trendline:
A clear descending resistance line has now formed, rejecting price attempts to climb higher.
The recent price action shows consistent lower highs, reinforcing bearish momentum.
Consolidation Zone:
Price is currently consolidating near the $6.8 level, where it is testing both horizontal and diagonal support zones.
Support and Resistance:
Immediate Resistance: $6.9–7.0 (aligned with the descending red trendline and EMA resistance).
Key Support Levels:
$6.5: Current short-term support.
Below $6.5: Next support around $6.0 and $5.5, where historical levels exist.
Indicators:
Moving Averages (EMA 20/50/100/200):
Price is below the EMA 20 and EMA 50, which confirms short-term bearish sentiment.
The EMA 100 and 200 are flattening around $6.9–7.0 and acting as strong resistance.
Money Flow Index (MFI):
49.24 indicates neutral momentum, suggesting there’s room for a move either up or down, depending on breakout direction.
Stochastic RSI:
The Stoch RSI has just crossed upward from oversold territory, indicating a possible short-term bounce but not yet a reversal signal.
If price fails to reclaim higher levels, this could be a false signal.
Volume:
The volume during the most recent downward move remains relatively high, confirming bearish pressure.
Current low volume during the consolidation suggests indecision and potential for a breakout.
Pattern Analysis:
The combination of the rising wedge breakdown and the descending trendline suggests that bearish pressure is dominant.
Current price action resembles a bearish pennant or continuation pattern within the broader downtrend.
Probabilistic Outlook:
Bearish Continuation (Primary Scenario):
If price fails to reclaim $6.9–7.0 and breaks below $6.5, further downside is likely.
Key downside targets:
First Target: $6.0
Second Target: $5.5–5.3
Short-term Bounce (Less Probable):
If Stochastic RSI momentum and MFI push price above the descending trendline (~$7.0), a short-term recovery may occur.
Key upside targets:
First Resistance: $7.0–7.2
Second Resistance: $7.5
Key Signals to Watch:
A breakdown below $6.5 = Bearish confirmation.
A breakout above the descending red trendline (~$6.9–7.0) = Short-term bullish reversal.
Volume will confirm the breakout or breakdown direction.
Conclusion:
The chart remains bearish overall, with a high probability (~65–70%) of further downside unless price breaks the descending trendline with conviction.
Analysis
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com
We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame.
Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible:
---
### ** 1. Recent Price Action Context **
- **Uptrend before consolidation**:
- The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward.
- **Consolidation period**:
- After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control.
- **Large wick and recovery**:
- A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects:
- **Strong buying interest** after a sharp dip.
- Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up.
- This could signify the presence of **demand** at lower levels.
---
### ** 2. Trader Psychology **
- **Strong buyers early on**:
- The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment.
- **Indecision phase**:
- The small-bodied candles (e.g., doji) represent a point of hesitation:
- Bulls may be taking profits after the strong rally.
- Bears attempt to sell but struggle to push prices lower.
- **Large wick psychology**:
- A large lower wick indicates that:
- Sellers tried to break support but failed to sustain the move.
- This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**.
- Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone.
---
### ** 3. Key Observations from Price Action **
- **Support Zone**:
- The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves.
- **Bullish recovery**:
- The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up.
- **Volume**:
- The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers.
---
### ** 4. What to Watch for Next **
1. **Breakout vs. Reversal**:
- If prices break above the recent consolidation range, expect a continuation of the uptrend.
- Conversely, failure to break higher could lead to further consolidation or a potential reversal.
2. **Support Retest**:
- Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish.
3. **Volume Confirmation**:
- Continued bullish price action with strong volume would confirm buyer strength.
---
### ** Conclusion **
The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move.
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Team StoxWare
AAVE/USDT 4-Hour Chart Analysis- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support.
- Support Levels:
$344.42: Previous resistance turned support after the breakout.
~$332.81: Fibonacci retracement level at 0.236.
~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past.
- Resistance Levels:
~$389.06: Current price level, acting as immediate resistance.
~$397.51: Next psychological resistance, slightly above the current price.
- Fibonacci Retracement Levels:
The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51.
Key levels include:
0.236 at $332.81
0.382 at $323.56
0.5 at $315.06
0.618 at $306.23
0.786 at $293.42
- Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points.
- Moving Averages:
The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend.
- Strategy:
-- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest.
-- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets.
- Risk Management:
Always use stop-loss orders below key support levels for long positions to manage risk.
For short positions, set stop-losses above resistance levels to protect against unexpected breakouts.
- Outlook:
Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond.
Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56.
Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions.
This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
HelenP. I Bitcoin can enter to resistance zone and then dropHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rebounded from the trend line and started to grow to the support level, and when the price reached this level it some time traded in the support zone. Later BTC broke the 90500 level and started to trades inside consolidation, where it little more time traded near the support level and then rebounded up to the resistance level. After this, the price rebounded from that level, which coincided with the top part of the range with the resistance zone, and made a correction to the support level. Then, BTC bounced from the support level and soon backed up to almost the 99500 resistance level. Next, the price repeated movement and later broke the resistance level, exiting from consolidation and even rising higher than the resistance zone. But soon, the price turned around and dropped to the trend line, breaking the resistance level one more time, after which at once rose back to this level. Now, the price continues to trades very close to the resistance level, so, I expect that BTCUSDT will enter to resistance zone and then drop to the trend line. That's why I set my goal at 94700 points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
EURO - Price can bounce up from support line of pennantHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $1.0810 level and rose to $1.0935 points, making a first gap.
After this, price turned around and started to decline inside pennant, where it first broke $1.0810 level.
Then price tried to grow, but failed and soon fell to $1.0515 level, which later broke too and fell to $1.0330 points.
But then, Euro turned around and bounced up, making a second gap, and started to trades inside resistance area.
Also, the price rose to resistance line of the pennant, but recently it fell back and now EUR continues to trades near support line.
I think that price can bounce up from support line to $1.0680, breaking resistance level, and leaving pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD → Consolidation. Which way will the momentum go?
XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
EURUSD ShortCurrently short on EU
Reasons:
- Downwards trend
- COT traders overwhelmingly bearish on EUR
- Political instability in Europe
- Bad economic news in Europe
- ECB president "highlighted that euro area economic growth is expected to weaken in the coming months"
- US expected to also cut rates, but looks a lot stronger economically compared to most of the world right now
Gold can little correct and then grow to 2720 resistance levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time traded near the resistance level in the seller zone, and later price rebounded and started to grow. In a short time price rose to 2790 points and then turned around and started to decline inside the downward triangle. In this pattern, the price first broke the 2720 level and then declined to the support level, which coincided with the buyer zone, after which broke this level too. Next, Gold declined to support line of the triangle, after which at once made impulse up, breaking the 2625 level one more time. Then it made a retest and continued to grow to the resistance line of the triangle, and when Gold reached this line it at once dropped to the 2625 support level. Price some time traded near this level, after which fell to the buyer zone and then started to grow. In a short time, the price rose to a resistance level, exiting from the triangle, but recently it turned around and made correction. So, now, I think that Gold can decline to support line of the triangle and then rebound up to the 2720 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
GOLD - Price can correct and then continue to grow in channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level.
Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area.
But then, price corrected to support level, after which some time traded near it and then continued to grow.
In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down.
Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more.
After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Fundamental Market Analysis for December 13, 2024 USDJPYFading hopes of a Bank of Japan rate hike in December are putting the JPY bulls on the defensive. Higher U.S. bond yields are supporting the dollar and putting pressure on the low-yielding yen.
The Japanese yen (JPY) continues to defend against its U.S. counterpart, lifting the USD/JPY pair closer to 153.000 or a new monthly peak during the Asian session on Friday. Recent media reports suggest that the Bank of Japan (BoJ) will not raise interest rates at its upcoming meeting next week, which in turn continues to undermine the Yen. In addition, expectations that the Federal Reserve (Fed) will be less dovish continue to support rising US Treasury yields and put further pressure on the low-yielding yen.
Meanwhile, the Bank of Japan's quarterly Tankan survey released today showed that business confidence of Japan's major manufacturers improved slightly in the fourth quarter of 2024. This fits well with the central bank's plans to gradually raise interest rates and could deter yen bears from aggressive bets. In addition, lingering geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven yen ahead of next week's key central bank events - the Fed and Bank of Japan meetings.
Trading recommendation: Watch the level of 153.000, trading mainly with Buy orders.
GBPJPY BUYS TO 194.600?Trading Plan for GBP
BASELINE 🎯
Current short term sentiment bias and upcoming risk events (previous # & consensus expectations) that can impact said sentiment
Current Short-Term Sentiment Bias :
- The British pound is trading around $1.276, near a one-month high, driven by expectations of a cautious BoE.
- Investors are focused on upcoming UK economic data, particularly GDP and manufacturing production for October, which are expected to show modest growth.
Upcoming Risk Events :
- GDP (MoM) (Oct): Consensus 0.1%, Previous -0.1%
- GDP (YoY) (Oct): Consensus 1.6%, Previous 1.0%
- Industrial Production (YoY) (Oct): Consensus 0.2%, Previous -1.8%
- Industrial Production (MoM) (Oct): Consensus 0.3%, Previous -0.5%
- Manufacturing Production (MoM) (Oct): Consensus 0.2%, Previous -1.0%
- Manufacturing Production (YoY) (Oct): Consensus 0.9%, Previous -0.7%
- Monthly GDP 3M/3M Change (Oct): Consensus 0.2%, Previous 0.1%
SURPRISE ⚡
What outcome of the risk event will surprise the markets based on the baseline
Positive Data Surprise :
- Outcome: If the data beats expectations across the board, it will likely reinforce market expectations of no rate cuts next week.
- Market Reaction: Continued pound strength.
- Trade Pair: GBP/JPY - The yield spread between UK and Japan bonds suggests potential upside for this pair.
Negative Data Surprise :
- Outcome: If the data misses expectations, the pound could weaken as investors speculate on a more dovish BoE outlook.
- Market Reaction: Pound weakness.
- Trade Pair: GBP/NZD - The yield spread between UK and New Zealand bonds favors a downside move in this pair.
BIGGER PICTURE 🌐
Does this outcome changes the larger macro-fundamental bias
Macro-Fundamental Bias:
- Current Expectation: The BoE is expected to hold interest rates steady at 4.75% at its next meeting on December 19.
- Future Outlook: Governor Andrew Bailey has hinted at gradual rate cuts starting in 2025, with markets pricing in three 25-basis-point cuts by the end of next year.
- Implications: A positive data surprise would support the current expectation of no immediate rate cuts, while a negative surprise could lead to speculation about a more dovish stance from the BoE.
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684.
Fundamental Insight
Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum.
As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs.
Technical Outlook
On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are:
Resistance: $2,720
Support: $2,689 and $2,610
A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders.
Stay tuned for more trading insights and strategies!
Sell EUR/USD Channel BrekoutThe EUR/USD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0482
2nd Support – 1.0445
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
HolderStat | BTC at a crossroads🌍 Bitcoin holds steady at $101,500, reflecting a market in flux. While Microsoft passed on BTC reserves, nations and corporations are exploring Bitcoin reserves, highlighting its financial relevance.
📉 Spot BTC ETF inflows have slowed since November, hinting at cautious sentiment. Broader crypto ETFs and U.S. policy shifts could ignite new institutional interest.
💡 Bitcoin dominance dipped, and while altcoins remain in the wings, a shift feels near. Wallets activity shows balance, with buys at $97,740 and sells near $98,510—traders remain divided.
🔥 With $1.5 billion in long liquidations and neutral funding rates, the market stands at a pivotal moment. Is this the calm before the next bull storm?
_____________________
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Bitcoin through next halving - on the cusp of a new cycle pt. 2Adding another view to my previous idea removing the volatility between the move. Please see for an idea of what the volatility could look like:
Key areas:
Keep an eye on RSI momentum
Keep an eye on major support levels which will be added as time goes on
Use pre-established profit points - and DON'T fomo when the time comes. Pick your sell points and COMMIT to them - put a post-it on your monitor.
Will the better-than-expected employment data revert AUD's trend+ Macro theme:
The RBA kept rates at 4.35%, sounding more optimistic about inflation and hinting at future cuts. But Thu's job numbers might spoil those plans—Unemployment Rate dropped to 3.9%, showing a surprisingly strong labor market. This hot jobs data could push back those early 2025 rate-cut forecasts many have been making.
+ Technical theme:
- AUDUSD found support and bounced above 0.6365. The price is within the descending channel and below both EMAs, indicating a bearish momentum persists.
- If AUDUSD extends its decline below 0.6365, the price may retest the subsequent support at 0.6300, confluence with the 100% level of Fibonacci Extension.
- On the contrary, if AUDUSD surges above 0.6474, breaking its descending channel and EMA21, the price may retest the following resistance around 0.6560.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
XAUUSD | 15M | SCALPING TIME Hello guys, I made OANDA:XAUUSD analysis for you. For this kind of analysis, please value my analysis with your likes Thank you very much to everyone who supports me by liking
SIGNAL ALERT
SELL XAUUSD 2717.00 - 2718.00
🟢TP1: 2714.90
🟢TP2: 2710.90
🟢TP3: 2705.90
🔴SL: 2731.60
Stay with love guys.
XAUUSD BULLISH ANALYSIS (READ CAPTOIN)Hi taders! Share your opinion regarding this chart.
Current price: 2695
Currently gold is being supported by buyers as all d1 candle of this week have created bullish candles. After temporary retracement market has returned to it's bullish trend. Rejection of h4 candle is another indicator of a strong bullish market. If gold breakouts the price 2711 which is our demand zone then market will go further high up to 2732.
Key points:
Support zone : 2690-2680
Resistance zone 2710-2722
Please like comment thank you support
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
Follow for more actionable trading insights and strategies!
AUDUSD ShortAUD/USD remains in a bearish trend, with recent price action aligning with technical and fundamental signals. Traders are watching US PPI data today for potential market-moving insights.
Technical Setup
Using Smart Money Concepts (SMC) and Fibonacci retracement, the 0.71–0.79 Fibonacci zone stands out as a key resistance level, supported by a Fair Value Gap (FVG) from the last swing high. Price is testing the 50% Fibonacci level, creating an opportunity for a short trade.
Trade Plan
Entry: 0.7120 (near the 0.75 Fibonacci level).
Stop Loss: 0.64729 (above the 0.79 Fibonacci level for risk protection).
Take Profit: 0.63378 (targeting below the Fair Value Gap for a clean exit).
Risk/Reward Insights
This setup offers a Risk/Reward Ratio of 1:3, with a risk of 64.7 pips to potentially gain 192.1 pips.
Disclaimer
Trading involves significant risk. Always trade with a clear plan, implement stop-loss orders, and never risk more than you can afford to lose. This analysis is not financial advice—trade responsibly and stay informed.
Follow for more actionable trading insights and strategies!
XRP/USDT 4-Hour AnalysisXRP/USDT 4-Hour Analysis
On the 4-hour time frame, XRP/USDT is forming a small bullish pennant pattern. Using the height of the previous leg as a projection, the first target is in the green zone 1.
To change the current structure of lower lows (LL) and lower highs (LH), the price needs to form a new higher high (HH). This also requires breaking through the pink resistance zone, which is a critical level to watch.
Targets:
First target (green zone 1): $2.87
Second target (green zone 2): $3.35
It’s essential to monitor the breakout of the resistance zone and confirm bullish momentum to reach these levels.