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Ethereum (ETH/USD) Bullish Breakout – Eyes on $2,500+ Target 📈 Chart Overview: Timeframe: 4H (Ethereum/USDT) Trend Reversal: Ethereum has broken out of a falling wedge pattern, indicating a shift from bearish to bullish momentum. Support Level: Around $1,800 - $1,900, where price previously found strong buying interest. Retest Confirmation: ETH successfully retested the breakout level (~$2,020), confirming a potential bullish continuation. Resistance Zone: The next key resistance area is around $2,250, followed by a potential move towards the $2,530 - $2,550 target zone. 📊 Trade Setup: Bullish Bias: Price action suggests an upward move towards $2,250 and potentially $2,530. Risk Management: A stop-loss can be set below $2,020 to minimize downside risk. 🔥 Conclusion: If Ethereum maintains momentum above the retest zone, it could see a strong rally in the coming days! 🚀
BINANCE:ETHUSD
by PIPsOptimizer
1
#VICUSDT shows signs of reversal and strength📉 LONG BYBIT:VICUSDT.P from $0.2507 🛡 Stop loss $0.2470 🕒 1H Timeframe 📍 Important Note: Wait for confirmation around the $0.2507 level. Enter the trade only if price holds above with volume. ✅ Overview BYBIT:VICUSDT.P : ➡️ The chart shows a completed Falling Wedge — a bullish reversal pattern that typically leads to an upside breakout. ➡️ After that, a Bearish Pennant formed but failed to push the price significantly lower, indicating weakness in sellers. ➡️ Currently, the price is breaking out of the triangle pattern, hinting at a possible bullish continuation. ➡️ Entry level marked at $0.2507, right after the breakout zone, supported by steady volume and short-term uptrend. ➡️ Volume Profile on the left reveals a low-volume zone above, making it easier for price to climb toward TP targets. 🎯 TP Targets: 💎 TP 1: $0.2525 💎 TP 2: $0.2545 💎 TP 3: $0.2565 ⚡ Plan: ➡️ Monitor price reaction at TP1 — partial exit recommended. ➡️ Watch for confirmation above $0.2507. ➡️ Enter LONG after retest and volume confirmation. ➡️ Set stop loss below recent low — at $0.2470. 🚀 BYBIT:VICUSDT.P shows signs of reversal and strength — holding above the breakout zone could lead to upside movement!
Long
by MoriartyTrading
Weekly Closing just at Resistance!Weekly Closing just around Resistance level (580), so a slight pressure may be seen, unless it Sustains 580. If this be the case, 545 - 565 can be witnessed. Bullish on Weekly TF & a perfect Morning Star Formation on Weekly Tf. Also, it has retested the previous breakout level around 520. Now it should Cross & Sustain 605-606 to continue its Bullish Momentum & immediate targets can be around 650 - 655. On the safe side, 596 - 621 Zone is a Resistance zone.
PSX:SYS
by House-of-Technicals
#FORMUSDT: Quick Breakdown of a Long Setup!📉 Long BYBIT:FORMUSDT.P from $1.9037 🛡 Stop Loss: $1.8313 🕒 1H Timeframe ⚡️Overview: ➡️ Current Price: $1.8831 — this is where BYBIT:FORMUSDT.P is trading right now. ➡️ The price recently dropped from around $2.0000 to $1.4000 — a sharp decline! But then it started recovering and is now in a consolidation zone. ➡️ Volume: At the bottom of the chart, you can see volume bars. There was a particularly large volume at the $1.4000 level, where the price reversed. This suggests a lot of activity — possibly big players starting to buy. ➡️ Key Levels: The right side of the chart shows important price levels: ➡️ $1.8313 — stop loss to protect us from losses. ➡️ $1.8932 and $1.88313 — the nearest resistance levels that the price needs to break to move higher. ➡️ $1.7464 — a support level below, in case the price goes down. 🎯 TP Targets: 💎 TP 1: $1.9690 💎 TP 2: $2.0400 💎 TP 3: $2.0890 ⚡️ Plan: ➡️ Entry Point: $1.9037 — this is the level to enter the buy. The price is currently slightly below ($1.8831), so we need to wait for it to rise to this mark. ➡️ Stop Loss: $1.8313 — if the price falls below this, the trade will close with a small loss to minimize risks. Risk/ Reward: If we calculate, the distance from the entry to the stop loss is $0.0724, and to TP1 — $0.0653 (a ratio of nearly 1:1). To TP2 — $0.1363 (1:1.88), and to TP3 — $0.1853 (1:2.56). This is a good profit potential if the price moves up! 📢 The BYBIT:FORMUSDT.P price just bounced off the strong $1.4000 level, where there was high volume. This could be a signal that big players started buying, and the market is ready to rise. 📢 The $1.9037 level (entry point) aligns with the POC (Point of Control) — the zone with the highest trading volume, which often attracts the price. 📢 If the price breaks the resistance at $1.8932, it could easily reach $1.9037 and then move toward our targets. 🎯 How Does This Signal Relate to the Market? The recent news about the resolution of the #Ripple vs. #SEC case, which I wrote about earlier, creates a positive backdrop for the entire crypto market. ➡️ When major projects like #Ripple gain clarity, it adds confidence to investors. ➡️ Altcoins like BYBIT:FORMUSDT.P can catch this wave of optimism. ➡️ If the market continues to rise, BYBIT:FORMUSDT.P has a chance to break resistance and move toward our targets! ➡️ Important: The crypto market is volatile, so don’t forget about risk management. Don’t risk more than 1-2% of your deposit on a single trade.
Long
by MoriartyTrading
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
#1000CHEEMSUSDT is setting up for a breakout Long BINANCE:1000CHEEMSUSDT.P from $0,0014000 🛡 Stop loss $0,0013740 1h Timeframe ⚡ Plan: ➡️ POC is 0,0013254 ➡️ Waiting for consolidation near resistance and increased buying activity before the breakout. ➡️ Expecting an impulsive upward move as buy orders accumulate. 🎯 TP Targets: 💎 TP 1: $0.0014380 💎 TP 2: $0.0014700 🚀 BINANCE:1000CHEEMSUSDT.P is setting up for a breakout—preparing for an upward move!
BINANCE:1000CHEEMSUSDT.PLong
by MoriartyTrading
GBP/USD Market Outlook & Analysis (Bullish)**GBP/USD Market Outlook & Analysis** **📊 Price Action & Key Levels** - **GBP/USD trades around 1.29300** in a narrow range, struggling for momentum. - Last week’s **high of 1.29900** remains a key resistance level. - **Key Support Levels:** - **1.29000 (Psychological level)** → A breakdown may trigger more downside. - **1.2850 (Next key support)** → Watch for buying interest. - **Key Resistance Levels:** - **1.2990 (Last week's peak)** → A breakout could open doors for **1.3050+.** **🌍 Fundamental Drivers** - **USD Weakness:** - Fears that **Trump’s tariffs could slow the US economy** weigh on the dollar. - Weak US inflation and a **cooling labor market** increase **rate cut expectations** for 2024. - University of Michigan’s **Consumer Sentiment Index fell** to a 2.5-year low, fueling bearish sentiment. - **GBP Struggles Despite BoE Expectations:** - **UK GDP contracted by 0.1% in January**, capping the pound’s upside. - However, **expectations that the BoE will cut rates more slowly than the Fed** provide support for GBP/USD. **📅 Key Events to Watch** - **Monday:** US **Retail Sales & Empire State Manufacturing Index**. - **Wednesday:** **FOMC meeting** → Market expects no rate change but will closely watch guidance. - **Thursday:** **BoE meeting** → If policymakers signal slower rate cuts, GBP could strengthen. **📈 Trading Strategy & Takeaways** - **Bullish bias above 1.29300** if the dollar remains under pressure. - **Break above 1.29400** could see GBP/USD testing **1.3050** in the short term. - **If 1.29000 breaks,** watch for a potential dip toward **1.28500** before buyers step in. - **Major volatility expected midweek** with FOMC & BoE—trade cautiously! 📢 **Final Word:** GBP/USD remains in a tug-of-war between a weak USD and soft UK data. Stay patient and wait for confirmation before making moves! 💹🔥 #Forex #GBPUSD
Long
by elitetrader9090
SWING IDEA - SAILSAIL Stock Technical Analysis Steel Authority of India Limited ( NSE:SAIL ) has been consolidating around the 95 resistance level for over a year. After multiple attempts, the stock finally broke out above this level in January 2024, turning it into a strong support zone. Following the breakout, SAIL surged to a peak of 175, marking an 85% gain. However, the stock then saw a sharp retracement, correcting by nearly 47% and revisiting the rising trendline support around the 100-105 range. This level, which previously acted as resistance, has now become a critical demand zone. Currently, SAIL is showing signs of renewed bullish momentum, bouncing off its trendline support and forming a potential reversal. The weekly MACD crossover, observed in the chart, further reinforces a trend reversal signal. Additionally, a short-term upside target of 12% is indicated, while a long-term potential target of 76% upside is visible in the chart, aligning with the previous swing high. The chart also highlights three take-profit targets: Target 1: The first profit-taking zone, offering an initial opportunity to secure gains. Target 2: A mid-level profit-taking zone, aligning with previous consolidation areas. Target 3: The final take-profit level around 175, marking the prior high and a potential full exit point for long-term investors. KEY OBSERVATIONS: One-year resistance of 95 was decisively broken in January 2024 Stock surged 85% to a high of 175 before correcting 47% 100-105 level now acts as a strong rising trendline support Weekly MACD crossover signals a bullish momentum shift Three take-profit targets identified, with the final target at 175 Potential upside target of 76% from support levels, aligning with previous highs RECOMMENDATION: Based on this technical analysis, holding SAIL for the long term could be a strong strategy. The potential returns include: 12% upside in the short term 76% upside from current levels, targeting previous highs around 175 This analysis presents a compelling buying opportunity in SAIL, fueled by its breakout, support validation, and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a chance the stock may retest the 100-105 support level before resuming its upward trajectory. This potential pullback should be carefully monitored, and investment strategies should be adjusted accordingly. DISCLAIMER: This analysis is for educational and informational purposes only and should not be considered as financial advice. Technical indicators and historical data are not guarantees of future performance. Investors should conduct thorough research, assess risk tolerance, and consult a financial advisor before making any investment decisions.
NSE:SAILLong
by thepranam
Solana (SOL) Holding Strong – Can It Reclaim $200?Solana (SOL/USDT) is currently testing a critical support zone around $140, aligning with a long-term ascending trendline that has provided strong support in previous market cycles. The 50-week EMA ($168.03) is also acting as dynamic resistance, making this an important decision point for the market. The recent pullback from resistance at the previous ATH zone suggests some profit-taking, but if SOL can hold this key support level, a bullish reversal could follow, pushing prices back toward $200+ in the coming weeks. However, a break below $140 could lead to a deeper retracement toward the trendline support around $100-$120.
Long
by unichartz
USDT.D at 5.76% Key Level to Watch for Crypto Market “BOTTOM”Hey everyone! 👋 Let’s talk about a critical level on the USDT.D chart (Tether Dominance) that could signal a major opportunity for crypto traders. If you’re looking to long Bitcoin, altcoins, or other crypto assets, this is the area you need to watch closely: 5.76%. Why is 5.76% So Important? 🤔 USDT.D measures the dominance of Tether (USDT) in the crypto market. When USDT dominance drops, it typically means money is flowing out of stablecoins (like USDT) and into riskier assets like Bitcoin, Ethereum, and altcoins. In simpler terms: a drop in USDT.D often signals a pump in the crypto market! Right now, the 5.76% level on the USDT.D chart (as shown in the image) is a key support zone. You can see it’s been tested before, and it aligns with historical bottoms in the crypto market. When USDT.D hits this level, it often marks a turning point—a bottom for the crypto market—where prices of BTC, alts, and other assets start to rally. What Does This Mean for Traders? 📈 If USDT.D reaches 5.76% and shows signs of reversing (like a bounce or consolidation), it’s a strong signal that the crypto market is ready to pump. Here’s why: • Money Flow: A drop to 5.76% suggests investors are moving funds from USDT back into crypto assets, driving up prices. • Market Bottom: This level has historically acted as a floor for USDT.D, meaning the crypto market could be at its lowest point before a big rally. • Opportunity to Long: When USDT.D hits this zone, it’s a great area to consider longing Bitcoin, altcoins, or other crypto assets, as they’re likely to start pumping. How to Play This? ⚡ 1. Watch the 5.76% Level: Keep an eye on USDT.D as it approaches this key support. Look for signs of a bounce or reversal (like a strong candlestick pattern or increased volume). 2. Confirm with Other Indicators: Check Bitcoin’s chart, altcoin price action, or other indicators (like RSI or MACD) to confirm the market is turning bullish. 3. Take Action: If USDT.D hits 5.76% and starts to reverse, consider longing your favorite crypto assets. This could be the start of a big pump for BTC, alts, and the entire market! Why This Matters for the Whole Market 🌍 The 5.76% level isn’t just about USDT.D—it’s a signal for the entire crypto market. When Tether dominance drops to this area, it often means the market has found a bottom, and we’re about to see a wave of bullish momentum. Whether you’re trading BTC, ETH, or smaller altcoins, this could be the best area to jump in for a long position. Final Thoughts 💡 The 5.76% level on USDT.D is the area to watch right now. It’s historically been a bottom for the crypto market, and if we hit it again, we could see a massive pump across all crypto assets. Stay patient, wait for confirmation, and get ready to take advantage of this opportunity! 🚀 What do you think? Are you watching this level too? Let’s discuss in the comments! 👇 Why This Explanation Works: 1. Simple Language: It avoids jargon and explains USDT.D in a way anyone can understand. 2. Actionable Advice: It tells people exactly what to watch (5.76%) and what to do (long crypto assets). 3. Visual Reference: It ties into the chart you shared, pointing out the 5.76% level. 4. Engagement: It invites discussion, encouraging others to share their thoughts. 5. Big Picture: It connects the USDT.D level to the broader crypto market, making it relevant to all traders.
CRYPTOCAP:USDT.DLong
by TraderSJ7
JOURNAL FOR MGC1!Today I placed two trades on MGC1! my first entry was a sell scalp which was strictly a technical entry and the second was the buy back up because it goes with the bias of gold being bullish, and inflation fears, so for each trade Ive wait on a area of consolidation (order block) then wait on a break out in this case after that impulsive move to the downside on gold I waited for an area of support to form with rejections of pushing lower at this point an order block should start forming, I tend to get a better structure of an order block forming on the 5min, once a bullish engulfing to print above the last high then I take the trade, today I had no draw down my entry was precise!
COMEX_MINI:MGC1!Long
by FuturesBaddie
#SUNDOGUSDT remains in a strong uptrend📈 LONG BYBIT:SUNDOGUSDT.P from $0.04070 🛡 Stop Loss: $0.04013 ⏱ 15M Timeframe ✅ Overview: ➡️ BYBIT:SUNDOGUSDT.P is showing strong bullish momentum after breaking out of a consolidation zone. The price is holding above the key $0.04070 level. ➡️ The highest liquidity area (POC) is at $0.03527, confirming strong buyer interest and support for the current trend. ➡️ A volume spike in recent candles suggests increased buying activity, increasing the probability of reaching target levels. ➡️ If the price breaks the $0.04150 resistance, the uptrend could accelerate towards higher levels. ⚡ Plan: ➡️ Enter long from $0.04070 upon confirmation of breakout. ➡️ Risk management with Stop-Loss at $0.04013, placed below the nearest support level. 🎯 TP Targets: 💎 TP1: $0.04150 🔥 TP2: $0.04205 🚀 BYBIT:SUNDOGUSDT.P remains in a strong uptrend, and a breakout above $0.04150 could lead to further gains.
Long
by MoriartyTrading
Gold (XAU/USD) Surges Past 50% FIB – Is $2,000 Next? 📌 Key Breakthrough in Gold! Gold (XAU/USD) has just blasted through the 50% Fibonacci retracement level, a critical discount zone where buyers historically step in. This breakout has triggered a wave of bullish momentum, pushing price towards key resistance levels. 🔎 Technical Breakdown: ✅ 50% FIB Breakout: Price has cleared this key retracement level, signaling strong buyer demand. ✅ Key Resistance Ahead: The $2,765 zone remains the next major hurdle—a breakout here could accelerate price toward $2,825. ✅ Support Zone: The $2,745 level serves as immediate support, acting as a potential pullback area. ✅ RSI Overbought? The RSI is approaching overbought conditions, meaning a short-term consolidation could occur. ✅ MACD Crossover Incoming? A bullish MACD crossover is forming, reinforcing the upward momentum. ⚡ What’s Next? If gold holds above the 50% FIB level and breaks $2,765. with strong volume, a push toward $2,825+ could be in play. However, failure to hold this breakout could trigger a pullback to $2.700 or lower. 📊 Will gold continue its bullish run, or is a pullback incoming? Drop your thoughts below! 👇 🚨 This is not financial advice. Always do your own research before making trading decisions.
FOREXCOM:XAUUSDLong
by ProcessAndIntercept