Beyond Technical Analysis
Is Gold Price Heading for an All-Time High?🔆News:
• Gold prices remained elevated heading into the European session on Friday, hitting a fresh multi-month high near $2,778 in the final hour. Comments from US President Donald Trump, declaring that he did not want to impose tariffs on China, eased concerns about a trade war and inflation. This pushed US Treasury yields further lower, as Trump called for lower interest rates, pushing the US dollar to a one-month low and boosting demand for the non-yielding precious metal.
• Trump said his discussions with Chinese President Xi Jinping were friendly and expressed optimism about securing a trade deal without resorting to tariffs. This eased concerns that his protectionist measures could fuel inflation, while also reinforcing expectations of further monetary easing by the Federal Reserve, which supported gold prices.
• Market participants are now waiting for the fast-moving PMI data to get a clearer picture of the health of the global economy. Any deterioration in risk sentiment could boost XAU/USD.
🔆 Opinion:
• The 1H Relative Strength Index (RSI) is approaching overbought levels, suggesting a possible minor pullback before the next significant rally towards the crucial 1.618 Fibonacci level at $2,790, which is a strong resistance zone.
• On the downside, the nearest support lies between $2,760 and $2,758. A break below this range could push gold prices down to retest recent lows, with the final buy zone located between $2,720 and $2,723.
🔆 Plan:
Price Zone Setup:
👉 Buy Gold 2720 – 2723
❌SL: 2715 | ✅TP: 2730 – 2737 – 2745
👉SELL Gold 2788 -2790
❌SL: 2794 | ✅TP: 2784 - 2780 - 2775
Thank you for reading my comment: "FM"
EURNZD Buy Trade – Targeting 1.83436Pair: EURNZD 🇪🇺🇳🇿
Direction: Buy 🟩
Target: 1.83436
Time Horizon: Until Friday, Jan 24, 07:15 UTC (12 hours) ⏳
The market has shown a sharp downward move, potentially setting the stage for a reversal toward the target level. As price approaches key levels, we remain focused on market behavior and patterns for potential opportunities.
Economic events from the Eurozone and New Zealand could add momentum to price action, making it essential to stay informed.
Let's see how this plays out! 💹
EUR/AUD Long Trade – Targeting 1.65775Pair: EUR/AUD 🇪🇺🇦🇺
Direction: Buy 🔼
Target: 1.65775
Time Horizon: Until Friday, Jan 24, 08:15 UTC ⏳
EUR/AUD has shown a significant downward move, potentially setting up for a recovery toward the target level. This setup aligns with observed market behavior and price action tendencies.
Macroeconomic factors, such as recent eurozone data releases and overall market sentiment, could play a role in price movement. Traders should keep an eye on developments leading into the target deadline.
Let’s see how this plays out! 📈
BTC Continuation Up!I think BTC will continue up in the long term especially making this triangle in the near term and continuing up at the end of the triangle. 125k range is definitely possible! Even more to come most likely as Trump (The US President) just made an executive order for a national digital asset reserve which will include a lot of BTC the US holds from the hackers n illegal activity they acquired it from. Definitely interesting where it will go, watch for natural market structure retests!
EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
The EUR/USD pair has successfully broken its downward trendline and completed a pullback to the broken level. It is now expected to continue its upward movement, potentially reaching the specified resistance level.
Don’t forget to like and share your thoughts in the comments! ❤️
Brent correction after Trump's speechBy Ion Jauregui - Analyst ActivTrades
Brent prices have remained virtually unchanged in recent sessions, correcting -4.57% since the 15th and closing with a slight change of -0.05% this Thursday. The oil market continues to navigate uncertain waters, affected by geopolitical factors, political commentary and mixed signals on global demand.
Key factors influencing Brent
1. Political pressure in Davos: Former President Donald Trump's recent remarks at the World Economic Forum have put the spotlight on OPEC+, calling for a reduction in oil prices. While the direct influence of these comments is limited, they have added volatility to the market and generated speculation about possible production adjustments.
2. OPEC+ Expectations: Production cuts led by Saudi Arabia and its allies have maintained some support for crude oil prices. However, any change in the group's strategy could alter the supply-demand balance.
3. Global economic outlook: Market attention is also focused on monetary policy decisions, particularly signals from the European Central Bank (ECB). A higher rate environment could dampen economic activity and thus reduce oil demand.
Technical Analysis
Brent has faced a strong resistance zone at $81.72, made a triple touch and bounced strongly to $77.02. A fairly strong range has been generated between $70 and $82. The strongest pressure zone being the $72.50 price zone. Noting that the current price zone is the piercing zone of the last upward momentum, we need to watch to see if this zone breaks down, which would lead us to pull the price back in the direction of $74. If this does not happen, we may see an advance that attempts to pierce the indicated resistance zone again. There is more likelihood of a bearish directionality at this time due to the global information indicated, so the trade should exploit short trades.
Outlook for Brent
Brent continues to reflect a fragile balance between concerns about a global economic slowdown and supply constraints imposed by major producers. In the short term, statements from political leaders, inventory data and global growth expectations will continue to drive crude oil prices. In this environment, investors remain alert to any changes in supply and demand dynamics, seeking clarity in a market that remains in constant adjustment.
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PulseChain Unveiled: Scalability, Speed, & its Strategic Rise PulseChain is an Ethereum fork, aimed at addressing some of Ethereum's limitations like scalability and transaction fees. PulseChain was created by Richard Heart, who is also known for founding the HEX cryptocurrency. After years of anticipation, PulseChain's mainnet went live in May 2023. It was accompanied by significant community interest and a substantial airdrop.
Key Features:
Ethereum Compatibility: PulseChain is a full-state hard fork of Ethereum, meaning it replicates the entire state of Ethereum's blockchain, including all transactions, accounts, and smart contracts at the time of the fork.
Proof of Stake (PoS): Unlike Ethereum's previous Proof of Work (PoW) system at the time PulseChain was conceived, PulseChain uses a PoS consensus mechanism, which is more energy-efficient.
Lower Transaction Fees: One of the primary goals of PulseChain is to offer lower transaction fees compared to Ethereum, aiming to make it more accessible for users and developers.
Faster Block Times: PulseChain boasts faster block times (initially aiming for 10 seconds, later adjusted to 3 seconds) than Ethereum, which was intended to improve transaction speeds.
PLS Token: The native token of PulseChain is PLS, which is used for transaction fees, staking, and governance within the network. PLS tokens were distributed through a "sacrifice" phase where users donated various cryptocurrencies to receive PLS.
WPLS Token: The wrapped version of Pulse on PulseChain, known as Wrapped Pulse (WPLS), is a token that allows the native PulseChain token, PLS, to be used on decentralized exchanges (DEXs) and other platforms where native PLS might not be directly supported. This mechanism essentially extends the use of PLS beyond PulseChain's native network, enhancing its utility and reach across different blockchain ecosystems.
Use Cases and Ecosystem:
PulseX: PulseChain launched with its own decentralized exchange (DEX) called PulseX, similar to Uniswap, which allows token swaps on the PulseChain network.
Airdrops: The launch strategy included one of the largest airdrops in history, aiming to duplicate Ethereum-based tokens and NFTs on PulseChain, offering instant utility.
Validators: Users can stake PLS to become validators or delegate their stake to validators, securing the network and earning rewards.
Purpose: WPLS enables PLS to be traded or used in environments that require ERC-20 or similar token standards for compatibility, like certain DEXs on Ethereum or other blockchains.
Trading: WPLS can be bought, sold, and traded on exchanges, providing liquidity for PLS in different ecosystems.
Bridging: Users can bridge PLS from PulseChain to Ethereum (or vice versa) by converting it to WPLS, effectively allowing PLS to interact with Ethereum's ecosystem.
Availability: WPLS can be found on platforms like PulseX, PulseX V2, and other DEXs, with trading pairs against other cryptocurrencies such as Ether (ETH) or stablecoins.
DeFi: Apart from trading, WPLS can be used for yield farming, staking, or any DeFi application where PLS might not be natively supported.
Technical Analysis:
Presently, WPLS suggests a potential double bottom chart pattern. A double bottom formation is a chart pattern used in technical analysis that signals a potential bullish reversal after a downtrend.
Pattern Formation: It consists of two distinct troughs or lows at roughly the same price level, resembling the letter "W". The price drops to a support level, rebounds, then drops back to the same support level before finally rising again.
Support and Resistance: Between the two lows, there's a peak which forms a resistance level. The confirmation of the pattern occurs when the price breaks above this resistance.
Bullish Signal: The pattern indicates that sellers have tried to push the price down but failed twice at the same level, suggesting that buying pressure is starting to overcome selling pressure.
Volume: Ideally, volume decreases on the second bottom and increases significantly on the breakout above the resistance, confirming the reversal.
Trading: Traders might enter long positions when the price breaks above the resistance, setting stop losses below the double bottom to manage risk. The price target can often be estimated by measuring the height from the support to resistance and projecting that distance upward from the breakout point.
In essence, a double bottom pattern suggests that after testing a support level twice, the market might be ready to move upwards, indicating a shift from a bearish to a bullish trend.
Additionally, WPLS has reentered one of the most critical levels of the broader Fibonacci retracement tool, the 61.8% level or the Golden Ratio.
Golden Ratio: The 61.8% level is derived from the Golden Ratio, which is approximately 1.618 or its inverse, 0.618. This ratio is found in nature, art, and architecture, and in financial markets, it's believed to represent a natural balance point.
Support and Resistance: In market analysis, this level often acts as a significant support or resistance. If a price retraces to this level during an uptrend, it might be seen as a buying opportunity, suggesting the previous trend might resume. Conversely, in a downtrend, reaching this level might indicate a potential last chance for selling before a possible reversal.
Psychological Impact: Traders worldwide use Fibonacci levels, creating a self-fulfilling prophecy where many traders watch and act on the same levels, enhancing their significance due to collective market psychology.
Confirmation: A price reaction (bounce or rejection) at the 61.8% level can confirm the validity of the previous trend. If the price doesn't respect this level, it might signal a weakening of the trend or a deeper correction.
Risk Management: Traders often use the 61.8% retracement as a point to set stop-loss orders or to adjust their risk management strategies, knowing it's a level where the market might react strongly.
The 61.8% Fibonacci retracement level is pivotal in technical analysis because it aligns with the Golden Ratio, acts as a key support/resistance point, influences trader behavior due to its widespread use, and can provide insights into potential market turns or continuations. However, like all technical tools, its effectiveness should be combined with other forms of analysis for more reliable trading decisions.
TLDR:
PulseChain, represents a notable attempt to address Ethereum's scalability and transaction fee issues through its full-state hard fork approach, offering lower fees and faster block times. Its native token, PLS, along with its wrapped version, WPLS, extends functionality across different blockchain ecosystems, enhancing its utility for trading, yield farming, and staking. The recent technical analysis indicates that WPLS might be forming a double bottom pattern, suggesting a potential bullish reversal if the price breaks above the resistance formed by the pattern's peak. Furthermore, WPLS's reentry at the 61.8% Fibonacci retracement level, known as the Golden Ratio, adds another layer of significance, potentially acting as a critical support or resistance point. This confluence of technical indicators points towards a pivotal moment for WPLS, where the market could see either a resumption of the prior uptrend or a deeper correction if the levels are not respected. However, while these patterns and levels provide valuable insights, they should be approached with caution, ideally in conjunction with broader market analysis, due to the volatile nature of cryptocurrency markets. The success of PulseChain and WPLS will ultimately depend on ongoing network performance, community support, and the broader acceptance within the DeFi ecosystem.
EURCHF MARKET ANALYIS AND PRICE PREDICTION EURCHF , has finished renegotiation and consolidation at the Rejection and order zone. Decision has been taken already in favor of the Bulls. Order is flowing already in a long Direction. Price may retrace a bit to give the Bulls another perfect entry at 61:8% discount price or ,may not retrace at all. Take Profit 1 is the first unmitigated Order Block, Take Profit 2 is the second unmitigated order block and the Take Profit 3 is the Renegotiation Resistance To Clear off the Buyside Liquidity.
Entry, Take Profit 1,2,3 and Stop Loss are clearly stated on the chats!
GOOD LUCK GUYS!
XAGAUD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
AUDJPY - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
USDJPY - Long Setup My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Your success is determined solely by your ability to consistently follow the same principles.
AAVE Nearing Key Resistance. Will Bullish Momentum Persist? Key indicators used for analysis:
1. Zero lag moving average (ZLMA): Refined form of moving average that reduces lag while maintaining smoothness.
2. Price Volume Trend (PVT): Tracks price movement weighted by volume
3. Relative Strength Index (RSI): A momentum oscillator indicating overbought and oversold conditions.
Support:$273.02
Resistance: $399.00
1.Price is trading above ZLMA9 and ZLMA51, signalling short and long term bullish momentum.
2.The PVT indicator is trending upward, reflecting strong volume-driven price increase.
3.RSI is forming higher lows, suggesting increasing strength in momentum.
Note: This is only for educational purposes and not a buy and sell recommendation. Teak Finance will not be liable for any loss or gain. Please consult your trading advisor.
DAY 17: TRADE UPDATE FOR GBPUSD AND BTCUSD.I got my sl triggered but later took a re-entry on the buy idea posted.Just closed with 80 pips profit.
Now waiting for today's GBP data to see whether we add more buy positions to push up towards 1.24300 or it the pound gets weaker and we sell to weekly lows.
EURAUD complex structure, high chance for bearish push and break
OANDA:EURAUD analysis, complex structure which i love to see, price is break trend lines, its in ASCENDING CHANNEL, bouncing and on line of BEARISH FLAG pattern, currently moving in zone, AUD with many having strong bullish expectations for next periods.
Here having strong bearish expectations after long time of bullish push.
SUP zone: 1.67200
RES zone: 1.64900, 1.64200, 1.63200
Bitcoin - Very bullish, Ethereum will +50% in a week!Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general.
Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap! You can wake up in the morning and see a huge green dildo on the ETHUSDT chart, so you really don't want to miss it. Personally, I would prefer ETH over BTC in the next few days or weeks.
Back to Bitcoin. What we can see on the chart is my Elliott wave count. We are in the final wave (5) of a major impulse wave. It's time to set up your sell orders and prepare for a significant bear market in 2025/2026. I recommend selling Bitcoin around 120k, while moonboys expect 300k or 500k. I stay grounded, I don't think Bitcoin will go exponentially.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Set Alert on KAIPretty nice upside for a 50/50 balancer pool, but great opportunity to accumulate on CEXs, perhaps. Looking to get over resistance first, then one might be confident enough to start accumulating. A Daily and weekly uptrend would be great confirmation to be adding to position, if that was your strategy. It has had a 70% retrace from highs. Use your favorite strategy to watch for accumulation patterns.
KardiaChain's native token, KAI, is at the heart of a blockchain designed for interoperability. Its mission is to bridge diverse blockchain ecosystems, creating a unified platform for decentralized applications (dApps) and enhancing accessibility. With a capped total supply of 5 billion tokens, KAI has captured attention due to its integration of Web3, AI, and NF3 technology for real-world applications.
Current Market Overview
Price: As of January 23, 2025, KAI trades at $0.00172.
Market Cap: Relatively low due to its small market presence but showing potential for adoption through ongoing technological advancements.
Trading Volume:
Centralized Exchanges (CEXs): $38,623.60 in the last 24 hours. KuCoin leads the activity with $8,337.95 of the trading volume.
Decentralized Exchanges (DEXs): Sparse data for KAI/WETH and KAI/ETH pairs, indicating limited liquidity and trading activity.
CEX Trading Volumes:
Most active exchanges: KuCoin, DigiFinex, and CoinEx.
Current focus is on USDT/KAI pairs rather than ETH-based pairs, reflecting higher demand in stablecoin trading.
DEX Challenges:
Sparse data availability on platforms like Uniswap and Balancer for KAI/WETH or KAI/ETH pairs.
KAI's limited adoption in DEX pools creates barriers to accurate historical charting.
Liquidity Assessment:
KAI's liquidity is lower than larger-cap tokens, leading to potential price slippage during trades. This should factor into your strategy for providing liquidity or trading.
Correlation to Broader Markets:
As KAI integrates more Web3 and AI technologies, its correlation to the blockchain market's growth trends may increase.
Rewards from Liquidity Pools:
Platforms like Balancer.fi often reward LPs (liquidity providers) with both pool fees and governance tokens. Pairing KAI with WETH in a weighted pool (e.g., 80/20) could mitigate risks while optimizing exposure.
Stay safe friends!
Technical Analysis (TA) for Tesla (TSLA)Market Overview:
Tesla (TSLA) is consolidating near a critical support zone with mixed momentum signals. Gamma Exposure (GEX) levels indicate significant resistance overhead, but also notable support below. With options expiring soon, TSLA's movement will likely be influenced by GEX-driven price action and key psychological levels.
1-Hour Chart Observations:
1. Price Action:
* TSLA is trading near $411.90, just above the key support at $410. The recent downtrend is contained within a channel, and the price is testing the lower boundary of the channel, indicating potential support for a rebound.
* Resistance levels are seen at $420 and $435, with stronger selling pressure expected near $440.
2. Support/Resistance:
* Support: $410 (critical short-term level), followed by $405 and $400 (psychological levels reinforced by GEX put walls).
* Resistance: $420 (3rd call wall), $425-$435 (significant GEX call resistance).
3. Indicators:
* MACD: Trending slightly bearish but flattening, suggesting a potential reversal or consolidation near support.
* Stochastic Oscillator: Near oversold territory, pointing to a potential bounce if buyers step in.
4. Volume:
* Decreasing volume during the recent pullback suggests a lack of aggressive selling, which could signal exhaustion of downward momentum.
GEX (Gamma Exposure) Analysis:
1. Call Walls:
* Significant resistance at $420 (90.43% GEX concentration) and $435-$440, where gamma exposure shows heavy call activity. A breakout above $420 could trigger momentum toward $435.
2. Put Walls:
* Strong support at $405 and $400, with heavy put activity providing a cushion against further downside.
3. Key GEX Level:
* A potential pin near $410 suggests price could hover near this level if no major buying/selling pressure occurs.
Trade Scenarios:
Bullish Trade:
1. Rationale:
* TSLA is holding above $410, a strong support level. Indicators point to a potential bounce, and GEX shows resistance overhead, meaning upward momentum could be contained near $420 or $435.
2. Entry:
* Buy near $411-$412 (on support confirmation).
3. Target:
* First target: $420 (near GEX 3rd call wall).
* Second target: $435 (strong resistance zone).
4. Stop Loss:
* Place a stop below $405 to limit downside risk.
Bearish Trade:
1. Rationale:
* If TSLA breaks below $410 and sustains, it could head toward $405 or $400, where stronger support exists.
2. Entry:
* Short below $409 (on confirmed breakdown).
3. Target:
* First target: $405.
* Second target: $400.
4. Stop Loss:
* Place a stop above $415 to protect against reversals.
Conclusion:
TSLA is at a pivotal level near $410. If the support holds, expect a rebound toward $420-$435. However, a breakdown could push the price to $405 or $400. For options, focus on short-term strategies due to Friday’s expiration or slightly extend the timeframe for trades beyond this week. Monitor volume and overnight futures for additional confirmation.
Important Note:
Market conditions can change rapidly when the market opens, potentially leading to a gap up or down. Overnight futures, economic data, and pre-market activity may significantly impact Tesla's price and invalidate this analysis. Monitor these factors closely before placing any trades.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading stocks, ETFs, and options involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a financial advisor before making any trading decisions. Use proper risk management to protect your capital.