XLM Long Idea In the realm of crypto, Stellar claims its throne,
XLM shines bright, a trade strategy to own.
Fibs and channels, a flamboyant affair,
Unleashing gains, with a confident flair.
With parallel channels, we set the stage,
A path to follow, as profits engage.
Fibonacci's charm, in the 0.786 zone,
Where the lower trendline beckons us to own.
Stellar's dance of triumph, a sight to behold,
As it touches that level, a story unfolds.
Outrageous gains, like fireworks ignite,
In this trading game, we'll bask in delight.
So let's embrace the XLM trade,
With strategy and style, we'll make the grade.
Fibs and channels, our guiding light,
As Stellar's potential soars to new heights.
But let's not forget, in this thrilling quest,
To be mindful of risks, and trade with finesse.
With calculated moves and passion in place,
We'll conquer the markets, with grace and embrace.
potential targers
tp1 0.0955
tp2 0.1070
tp3 0.1205
DONT FORGET TO SET SL below 0.074
Ascending Channel
💱EURAUD - Break of triangle support gives a signal EURAUD failed to break through the resistance at 1.65000. Having formed a false breakdown, the price falls and breaks the support of the ascending triangle, thus opening a red carpet for itself
TA on the high timeframe:
1) Price in range. From resistance, price may reach support in the medium term
2) Weakness on the buy side will lead to a quick test of support
TA on the low timeframe:
1) a break of triangle support is a strong signal
2) Price breaks 1.6364 and heads towards 1.61868.
3) A retest of resistance is likely to follow.
Key support📉: 1.62500, 1.60961
Key resistance📈: 1.63640
MASKUSDT → Tandem signal: resistance breakout and SMA crossing BINANCE:MASKUSDT is forming a correction in the format of a descending wedge. A rather strong consolidation is forming at the base of the uptrend under the resistance of the wedge. What to expect from the price?
The coin breaks through the formed descending resistance and begins to form a bullish impulse.
Since the bullish signal is formed at the base of the trend, the price demonstrates a rather weighty potential of 70-120%
We have a tandem signal: moving averages crossover + wedge resistance breakout.
Altcoins have recently improved dynamics and are starting to show good results, which suggests that the cryptocurrency market may come to life in the medium term.
Support levels: 3,335, trend support, previously broken wedge boundary
Resistance levels: 3,650
I expect a retest of the 3.650 level followed by a breakout. The buy signal is quite strong and there is a high probability that the coin will show bullish dynamics and rise to 4.840 or 6.00.
Regards, R. Linda!
GOLD → Difficult situation: price drop or breakthrough? OANDA:XAUUSD is forming a local ascending channel, at the moment it is too early to talk about global strengthening and change of the global channel, as it needs good reasons for that. What is happening?
The dollar index is breaking the support and testing the next one. The dollar may strengthen a bit, which will provoke the gold to fall, but apparently the dollar is in a different mood and the price may break 101 and go lower.
In this case we will have to watch the 1933-1939 area on the gold chart.
A breakout of 1933 and consolidation (or pattern) relative to the level may form a sell signal and the price will show us a fall. Or another scenario may develop on the chart. In this case, if a bounce from 1933 is formed, we will wait for consolidation near 1938-1939 and an attempt to break the resistance.
A breakout of 1938-1939 resistance will form an attempt to change the global trend and in this case, against the backdrop of the falling dollar, gold may quite confidently change the global trend and the price will begin its strengthening towards 1950-2000.
Support levels: 1933, MA-50
Resistance levels: 1938-1939, channel resistance
I expect that gold is now in a difficult situation, while the Fed is aggressively pursuing its policy, the dollar is still weakening. There may be an increase in volatility, keep an eye on these levels. Good luck in trading!
Regards R. Linda!
🥇GOLD - False break of channel resistance Gold is breaking through global channel resistance, but is also bumping into a strong horizontal level.
TA on the high timeframe:
1) The trend is still bearish, price is under strong resistance
2) Price is discovering a new range. But if price consolidates below 1930, a bearish potential will form
TA on the low timeframe:
1) A bullish wedge is forming. A breakout of the figure's boundaries will form a strong impulse
2) The price inside the ascending price channel makes a false breakdown of resistance
3) The price after the false breakdown may form a correction to the support.
4) Breakout of 1938.915 will give a buy entry point
Breakout of 1930 will give a sell entry point
Key support📉: 1930
Key resistance📈: 1938.915
GOLD → A retest of resistance could turn into a breakoutOANDA:XAUUSD is strengthening within a bullish counter-trend correction. The price is testing a strong resistance area, but at the same time there are signals that may allow the price to break the resistance.
On the daily timeframe we observe interesting things: the correctional wave reaches the level of 0.618 fibo of the third wave and also tests the area of 0.382 fibo of the global movement. Most likely, a rather strong rebound may follow from this area. Earlier we observed a breakout of the global trend support. At the moment the price is forming counter-trend correction to the level of 1939, which plays a key role. If this resistance is broken, the price may strengthen to the previously broken line or to the area of 0.382 Fibo (1967). The situation on the market may change dramatically when the resistance of the upward correction is broken. We are watching the price reaction to the mentioned area.
Resistance levels: 0.5 fibo, 1938, channel resistance
Support levels: 1924, 1920, 1912
I expect the price to test the breakout of the channel resistance. At the moment bears are still strong and they can push the price down, but with the breakout and consolidation of the price above the level there will be a chance to see a strong impulse to 1959.
Regards R. Linda!
MATICUSDT → Breakout figure and an attempt to change the trend BINANCE:MATICUSDT breaks through the resistance of the key figure and opens a new bullish potential. If the nearest resistance is broken through, the price can form a strong momentum.
Earlier we saw an attempt of strengthening, which smoothly changed from an ascending price channel to a bearish wedge. The latter figure is quite capable of breaking the trend and changing it, for this in our case, the price needs to pass through the resistance of 0.7440.
Recently cryptocurrencies, both bitcoins and altcoins, start to recover, and there are even some fundamental reasons for that.
The moving averages act as resistance, but at the moment the MA-50 is being tested and in case of a breakout the 31% range will open, which is quite an interesting prospect for us.
Support levels: 0.6500
Resistance levels: MA-50, 0.7440
I expect consolidation near resistance, followed by a breakout and bullish momentum. The medium-term target is 0.9700.
Regards, R. Linda!
💱EURCAD - Waiting for a false breakthrough EURCAD is breaking the channel resistance, but there is no the reaction that everyone is waiting for.
A bottom has formed on d1 and a counter-trend movement is starting to form.
TA on the high timeframe:
1) Price breaks the resistance at 1.45120, but there is no impulse, which should happen when breaking the resistance
2) The same flat is formed. The price may return to it when falling below 1.45120.
TA on the low timeframe:
1) Price breaks the resistance of the local bullish channel, there is no impulse and a strong consolidation is formed above the resistance. If price goes down and passes 1.45430, forms consolidation below the level, correction to 1.44250 will begin
2) Actual resistance retest may end up as a false breakdown. A change of trend is out of the question, a downward correction may be formed.
3) BUT! If 1.45630 is broken through and consolidation is formed above the level, the price will be able to continue rising to 1.46300.
Key resistance📈: 1.45630
Key support📉: 1.45430
Get Ready for a Golden Ride! Buy Signal on Gold Daily Chart 📈The bullish setup on Gold is sparking excitement as price follows a clear Elliott Wave pattern. With the fourth point of the wave in place, it's time to buckle up for the next wave, which could potentially take us to around the 2200 mark.
Adding to the bullish sentiment, Gold has been oscillating within an ascending channel in recent weeks, providing further confirmation for this setup. Notably, the RSI indicator is signaling an oversold condition while maintaining an overall uptrend, suggesting an impending bullish impulse.
Let's ride the wave and make the most of this glittering market trend!
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GOLD → The price is standing still. What's going on? OANDA:XAUUSD continues to stand still and form a consolidation within the 1938 - 1912 sideways range. The rebound to resistance is likely to continue in the format of a bounce to support.
On the daily and weekly chart there is a consolidation in the red zone, after the breakdown of the key support levels. Most likely an energy buildup is forming before the rally in one direction or the other.
In order for the counter-trend correction to be recognized as a trend change, the price has to break the resistance 1935-1939. In this case the market will start to form a strengthening of the price and a bullish trend will start to form.
At the moment within the counter-trend correction you should wait for the decline from the resistance 1933, or the retest to 1920 (1912) with further breakout and decline to the global minimum.
Support levels: 1920, 1212
Resistance levels: 1933, 1935, 1939
I expect a local rise followed by a fall - since that is how the price behaves inside the range. The Fed is still aggressive policy and most likely, the market has decided to rest a bit before the further movement.
Regards R.Linda!
GBPUSD → What kind of reaction could there be to resistance? FX:GBPUSD continues to form an uptrend, but at the same time the price is hitting a strong resistance area. We are waiting for the price to react to the area, which will determine the further direction.
A retest of the level 1.28484 will tell us that the market will prepare to strengthen after breaking through resistance, but a consolation below the level will signal further decline to 1.26900.
In an uptrend, the price could test the resistance again in the near future. The dollar is in a range and a decline towards support will give the currency pair a jump to break through resistance.
The pound might continue to strengthen in the mid-term based on a more positive fundamental background than the dollar.
Support levels: 1.27267, 1.26800
Resistance levels: 1.28484
I expect an attempted retest to the resistance, which may give a further signal. It is necessary to monitor the price reaction to the upper limit of the range. It may be followed by a pullback before further growth.
Regards R.Linda!
BTCUSD → FB before the breakout, waiting for the retest BITSTAMP:BTCUSD is testing strong resistance at 30575, but a false-break of the level tells us that the price is not ready to grow (at the moment). It might form a pullback or flat pattern below the level before rebounding further
Globally, we have a bullish trend, the price is getting stronger. The rally is followed by a consolidation and a pullback, after which the cycle repeats again. The price is gradually renewing its highs. Fundamentals are getting stronger amid a surge of activity and some positive investor interest news.
The moving averages on the D1 show us a bullish trend, the same is true for the weekly chart. The price forms a range after breaking through 25000. The range boundary is 30285 - 25000. I would not expect in the medium term a decline to 25000, most likely the price may form a consolidation between 30000-28500, after which the price will continue to form resistance retests for a breakout.
Support levels: 29800, 28500
Resistance levels: 30575
I expect a consolidation or a technical pullback after a rally. Bitcoin is not highly susceptible to technical analysis, but it is excellent on fundamentals. Fundamental background is more inclined to a positive trend. In the medium term, I expect growth after the breakout of 30575.
Sincerely R. Linda!
In Downtrend Channel | Short BiasWeekly Chart
Chiliz ( BINANCE:CHZUSDT ) has broken down the support level ($0.0811) and closed below that level. That red candle shows strong selling pressure with RSI Oversold.
I expect CHZ will down more leg to around $0.04
Chart 4H TF
Chiliz's in triangle pattern. If price can breakout, CHZ can retest Previous Ascending Trend Line.
Wait and see
EURUSD → Fundamental and TA diverge. What's next? FX:EURUSD has been declining all week. The correction continues to the lower boundary of the uptrend, and after a false breakdown of support the market responds with a bullish reaction.
The daily timeframe is turning a triple top, but everything is ambiguous. Price is in a global fleet.
Within a local uptrend, a false break of channel support increases liquidity and the market builds bullish volumes, against the news this reaction may be temporary.
If the wedge resistance is broken, a consolidation above the line can be formed, followed by an impulse towards the key resistance.
The Fed is not going to give up and is increasingly saying that rates will either be kept or increased in the medium term, in which case the currency pair may show us a bearish mood.
Support levels: 1.08485
Resistance levels: the upper boundary of the wedge, 1.0945, 1.1000
I expect an attempt to break through the resistance of the wedge. If it succeeds, the price may head towards 1.0945 within the channel. But if the consolidation in the wedge continues, there will be a chance to break through the trend support.
Regards R. Linda!
🥇GOLD - Inside the range price breaks support Gold is testing the resistance area of the global trend and breaking the local support. A rebound from 0.382 could reach the retest area and then the downside phase could activate.
TA on high timeframe:
1) Price is testing the liquidity area of the global downtrend channel
2) The liquidity zone 1939-1935 is not reached, most likely a market maker trap may follow
TA on the low timeframe:
1) A breakout of uptrend channel support forms
2) The price tests 0.382 Fibo and starts to form a pullback. There is a chance of the retest of the channel support or the level of 1932.
3) The price may also strengthen to 0.618 Fibo before declining further
4) The global TA says about the priority of further falling.
5) I think the local correction will end soon
6) The price may stay in the 1932-1910 range all week
Key resistance📈: 1932, 1939.
Key support📉: 1921, 1910
Bitcoin - Huge crash soon! Retest is required (wedge)
The price of Bitcoin recently pumped from the falling wedge pattern with a very strong impulse wave. But the problem is that because of that, we have an unfilled FV GAP on a previous breakout point, and the price tends to go back and retest it. Usually, when patterns break, the price tends to go back and retest them!
In this case, we can completely retest the wedge at the trendline (which will be a deep retracement) or retest the breakout point of the wedge and fill the FB GAP. In the confluence, we have the 0.618 Fibonacci retracement of the impulse wave, giving us a pretty good long trade with a solid risk-to-reward ratio.
We are going to go down sooner or later; the probability of it is actually very high. But there is also a chance of going higher to 32399 first to take the liquidity above the previous swing high from 2022 before retesting the wedge!
It was a huge pump, and buying or speculating on price increases is very risky. I would not do that at all, so rather prepare your shorts at higher prices or at confirmation of the downtrend!
From the Elliott Wave perspective, I can already see a completed impulse wave that screams for a retracement. The trendline of the impulse wave is broken, and we could definitely go down next week!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
BTCUSD → 4 setups that will make the buyer happy BITSTAMP:BTCUSD is showing confidence and chic dynamics in the market. On the global chart, the flagship is forming 4 key set-ups that say it is highly likely that the price will continue to strengthen. Let's break it down!
The cup & handle, the bearish wedge, the head and shoulders, as well as the breakout of the strong resistance level 30261 after another retest. This set-up colaboration makes bitcoin fans happy enough :)
On the daily chart, the price makes a retest of resistance 30575. After the false breakout on June 21, we did not see a decline. A pre-breakdown consolidation was formed, after which the flagship broke the level and at the moment the price consolidation is formed above this level, which may give us a good bullish signal.
In the mid-term, there is a chance that the price will test the channel resistance quite quickly.
It is also worth paying attention to the moving averages, which play the role of support, but at the same time the curves show the key boundaries that the price has previously overcome.
Support levels: 30575, 30261, 30000
Resistance levels: 32196. 34000, upper limit of the channel
I expect from the bulls a strong position above the level of 30000-30575. In the medium term bitcoin gives good signals, which can realize the idea of 34000-38000
Regards to R. Linda!
Bitcoin - Parabolic phases (1 million USD in 2044)
As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. And it's still a pretty optimistic price target, in my opinion.
Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the party.
In 2017, the crypto bubble popped, and phase 2 of the parabolic phase ended. 2017 was historically the biggest year for altcoins and bitcoin. Everything went up, including scam coins, and it will never be like this again. Now Bitcoin is in phase 3 / phase 4. Phase 3 is not sustainable because otherwise Bitcoin could hit 100 million USD in 10 years. Just calculate the market cap; it doesn't make any sense. That's why I am sober all the time and focus on realistic price targets.
Bitcoin is still a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants.
If phase 4 of the parabolic cycle breaks, then it's likely for Bitcoin to go sideways for 5–10 years, but in my opinion, it's not going to happen because the trendline of the parallel channel is pretty low, and with the current date, Bitcoin has to drop below 4700 dollars, which is not going to happen.
This is a very realistic technical analysis. 1 million USD in 2044 is not impossible, but the majority of retail trade thinks that 1 million should be hit in a few years.
In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
EURGBP → Formation of a pre-breakout consolidationFX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price?
Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price exit from the range, followed by the strengthening of the currency pair.
Moving averages are beginning to narrow and if the conditions are favorable, they may soon form a signal that confirms the intention of the market to change the trend.
A breakout at 0.8606767 will send the price to 0.86722, but if the breakout does not happen, correction to the trend support will be formed.
Resistance levels: 0.86067, 0.86345, 0.86722
Support levels: 0.85725, trend support
The market is showing good dynamics and consolidation confirms the intention of the buyers. I am waiting for breakthrough of resistance with the subsequent growth.
Regards R. Linda!
ETHUSD → implementation of distribution. Target 2300BITSTAMP:ETHUSD has been showing a swell in the last few days. The price is out of the key range. The bullish set-up is working 100% and price is breaking resistance. What to expect from ethereum next?
For a long time, the coin formed a wedge pattern, which ended with the price forming a rally after a false break of global trend support and the SMA-200 and breaking not only the wedge resistance, but the trend line and the 1846.5 level.
A consolidation above this support area will consolidate the bulls' position and continue to shape the move.
Within the price channel, we have an implied target - the resistance area of 2300. Most likely, in the medium term, we should expect growth towards this mark.
Support levels: rising support line, previously broken wedge boundary, 1846.5 level
Resistance levels: 1920, 2021
Consolidation lasted about 45 days, the distributive phase after consolidation may last for 15 days. I expect that in the mid-term we might see a breakthrough of the local resistances and strengthening of the price to 2300
Regards to R. Linda!
Bitcoin - Profit target for the next bull run + 32% crash soon!
Of course, I am still bearish on Bitcoin, and we are going to hit 20,500 or 17,000 this year. But before it happens, we can go as high as 33,000 because there is a lot of liquidity to be taken.
I started to be bearish around 30k a few months ago, and nothing changed in my outlook. But I think 6k and 10k are not possible anymore because Bitcoin proved its strength and the uptrend transformed from a corrective wave into an impulse wave, which is definitely something we cannot ignore in our next trades.
A 32% or 40% crash later this year, most likely in September or October, is very possible, and I am expecting this scenario to happen. I prefer a bearish scenario over a bullish one this year, and I do not see any crazy pumps to 35k, 40k, or even higher.
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Now the question is, How far can Bitcoin go in the next bullish cycle? My technical analysis shows around 100,000 USD. We have a huge ascending parallel channel on the LOG weekly scale that you can see on this chart. It has already had five touches, and it started in 2017. What's more, if we take the Fibonacci extension from the start of the previous bull market to the end of the previous bull market and to the end of the previous bear market, the 0.618 FIB extension is right at 104,000 USD.
Seriously, please do not expect Bitcoin to hit 300k or 1 million in the next few years; the market cap would be insane if this happened.
In the short term, I am pretty neutral because Bitcoin could reach 33K or also start a big crash. At this point, we need more confirmation, so I prefer to trade altcoins at this moment and wait for BTC. I trade over 200 futures pairs, and I have a lot of opportunities everywhere.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!