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XRPUSDT: Consolidation and Potential Breakout SetupXRPUSDT is currently trading around 0.5475 USDT, facing downward pressure from a long-term descending trendline. The price has tested this trendline several times, indicating a strong resistance level that has yet to be broken. A support zone (highlighted in blue) around the 0.5328 level has held strong, suggesting a consolidation phase within this range. If XRP can maintain support and consolidate further, a breakout above the trendline could set the stage for a bullish move, potentially targeting 0.60 USDT or higher. However, if the price fails to hold the support zone, we may see a pullback to lower levels. Traders should watch for a clear breakout from this descending resistance or a confirmed hold of the support to determine the next move.
Long
by Sanhara
2
ETH Eyes $3,000: Bullish Breakout Signals More Gains AheadBINANCE:ETHUSDT has recently broken out of a descending channel, surging above the 2,900 USDT level. This breakout suggests a strong bullish momentum, with the price now targeting higher resistance levels. The next key area to watch is the support zone around 2,800 USDT (highlighted in purple). If ETH pulls back and successfully retests this zone, it could confirm the breakout and set the stage for another upward move, possibly toward the 3,000 USDT mark or higher. This setup indicates a bullish outlook for ETH, with the support level at 2,800 USDT acting as a potential entry point for traders looking to capitalize on the next leg up.
Long
by Sanhara
BTCUSDT: Key Support Zone for Potential ReboundBTCUSDT recently surged, reaching around 76,350 USDT, but now shows signs of a potential pullback. The chart indicates that a retracement could occur towards the support zone around 73,400 USDT (highlighted in blue). If BTC holds above this support level, it could create a strong foundation for another upward push, potentially leading to a continuation of the bullish trend. Traders should watch for price action around this support zone, as a bounce from here may signal a resumption of the uptrend.
Long
by Sanhara
BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD. If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.
BITSTAMP:BTCUSDLong
by Sanhara
1
Gold price continues to reverse the trendAt the close of the U.S. trading session, global gold prices settled around $2,684 per ounce, marking a sharp decline of over $22 per ounce compared to the previous session's close. The U.S. Federal Reserve (Fed) announced a 0.25% rate cut, bringing the current interest rate to a range of 4.5-4.75%. Typically, a Fed rate cut leads to a weaker USD; however, this time, the greenback surged overnight, strengthening in the international currency basket. The Dollar Index saw a significant rise of 0.42%, reaching 104.950 points, which pressured investors to lock in profits on gold after a strong rally in the previous session. Given this, the USD may continue to strengthen, and gold could face further declines, especially as Fed Chair Powell delivered remarks following the rate cut decision, signaling a possible prolonged strength for the dollar.
OANDA:XAUUSDShort
by Chipucu
EURUSD: Bearish Momentum with Key Levels to WatchEURUSD is currently trading around 1.0717, after a notable drop from recent highs. The chart indicates a potential retracement towards a resistance zone around 1.0756 - 1.0783 (highlighted in black), where sellers could re-enter the market. If EURUSD fails to break above this resistance, we could see further downward momentum, with a key support level around 1.0687. A break below this support could signal a continuation of the bearish trend, potentially pushing EURUSD lower.
by Chipucu
EURUSD Analysis: Potential Bearish Reversal AheadEURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline. If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend. For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
Short
by Chipucu
USDJPY : Buy or Sell ? USDJPY is currently trading around 152.68, approaching a crucial support zone (highlighted in green). If this support holds, we could see a rebound towards the resistance level around 153.50 (marked in red). The chart suggests a potential bullish reversal from the support area, targeting the resistance as the next level of interest. A successful bounce could set up a bullish continuation, while a failure to hold above support might lead to further downside pressure.
Long
by Chipucu
1
GBPUSD: Potential Reversal at Key ResistanceGBPUSD is currently trading around 1.2966, with an upward trendline providing support. The chart shows a potential approach towards the resistance zone around 1.3043 (highlighted in red), which could act as a barrier for further upside. If GBPUSD reaches this resistance and fails to break above it, a downward reversal is possible, with a likely target back towards the lower support levels around 1.2950. The green zone around 1.3000 also represents a critical area where a decision point could form—either confirming a continuation upwards or signaling a shift in momentum towards the downside.
by Chipucu
Update the latest gold price today. Today, gold prices rebounded, climbing over $48.4 to reach $2,708.8 per ounce. This rally, a gain of more than 1%, was fueled by a weaker U.S. dollar and the anticipated 0.25% rate cut announced by the Federal Reserve on Thursday. Currently, the market is pricing in the possibility of another 25 basis-point cut in December. However, if former President Trump returns to office, future rate cuts might face hurdles. Concerns over rising prices and persistent inflation could compel the Fed to keep a restrictive monetary policy longer than desired. This outlook poses a challenge for gold. If inflation worries prevent the Fed from lowering rates, prolonged high-interest rates would diminish gold's appeal compared to interest-bearing assets, adding downward pressure on its price.
OANDA:XAUUSD
by Chipucu
GBPUSD Market Update: Key Influences and Chart AnalysisToday, GBPUSD is hovering around 1.293 as it attempts to stabilize after recent volatility. The pair has been facing downward pressure due to ongoing uncertainty around the UK’s economic outlook and the strength of the USD. The chart suggests that GBPUSD recently encountered resistance in the 1.2978 zone, with multiple rejections, signaling a strong selling pressure around this level. After testing this resistance, the pair is now trending downward, breaking through the sideways range, indicating potential further declines. Technical indicators, including the EMA levels shown on the chart, suggest a bearish outlook. The projected path illustrates a corrective bounce but ultimately points to a continuation of the downward trend, with a possible support target around 1.2850 or lower if selling pressure persists. Given these signals, traders should monitor key news events that could impact the USD and GBP sentiment, such as upcoming U.S. and UK economic releases. A cautious approach may favor short positions, aligning with the bearish indicators on the chart.
by Chipucu
1
EURUSD’s Decline Pauses, Testing Key LevelsEURUSD has temporarily halted its heavy downward momentum as Thursday’s session begins, stabilizing around 1.073 and confirming a new low. Currently, a recovery is underway to adjust the trend and test the EMA 34 and 89 lines, aligning with the Fibonacci levels at 0.5 - 0.618. Despite this pullback, strong selling pressure remains due to the USD gaining an advantage as it regains its footing in the market. Considering these technical factors, I still favor a sell strategy. What about you?
by Chipucu
Gold's Slide: A Deep Dive into Today’s Sharp DeclineGold prices took a steep hit today, plunging below the critical $2,700/ounce mark and trading around $2,655, shedding over 800 pips from yesterday’s levels. This sharp decline is largely driven by the strength of the U.S. dollar and the Federal Reserve's high interest rates, which have dampened gold's appeal for investors. The rising rates increase the opportunity cost of holding gold, nudging capital flows toward higher-yield assets. Forecast Should the downward trend persist, gold may test lower support levels near $2,607, following a Fibonacci retracement. Investors are advised to consider short positions while closely monitoring market fluctuations in the near term.
OANDA:XAUUSDShort
by Chipucu
XRPUSDT Breaks Downtrend, Bullish Momentum BuildsXRPUSDT has successfully broken out of its downtrend and is now moving upward at a rapid pace. Currently, XRPUSDT is up by more than 3.6% on the day, confirming a new support level as marked on the chart. With signals from the EMA 34 and 89, XRPUSDT is gaining bullish momentum fueled by positive market sentiment. The confluence of the EMA levels with this support area is shaping up to be an ideal entry point. Consider entering a position wisely, and be sure to set your take-profit and stop-loss levels!
by Sanhara
3
ETHUSDT on a Strong Bullish Run: Breaking New GroundToday, ETHUSDT is maintaining a powerful upward trend, trading around 2840 USDT with an impressive gain of over 4.44% for the day. After a period of consolidation within a wedge pattern, it successfully broke through the sideways trend and surged upward. The immediate target now is the higher resistance zone around 3400 USDT, with a closer level at 3170 USDT as a potential checkpoint. What are your thoughts on ETHUSDT's trend? Share your opinion in the comments below. Good luck!
Long
by Sanhara
ETHUSDT Faces Strong Resistance, Downtrend PersistsETHUSDT is currently trading around 2,589 USDT and remains within a downward channel on the 4-hour chart. Each time the price approaches the resistance line of this channel, selling pressure increases, pushing ETH back into the downtrend. The main trend is still bearish, with signals indicating that selling pressure is dominating in the short term. Key Analysis Points Important Resistance Zone: ETH is facing a strong resistance level right at the upper boundary of the downward channel. This is a zone where sellers typically capitalize on to increase pressure, pushing the price back down. Short-Term Support Level: The current support lies around 2,480 USDT. This level may trigger some defensive buy orders. However, if it is breached, ETH may continue to drop further, potentially heading below 2,400 USDT. Next Trend: If ETH fails to break through the channel resistance, a significant correction is likely, aligning with the ongoing downtrend. In this scenario, ETH could continue to move downward, with the next target at a deeper support level. Given the current situation, a selling strategy appears to be more promising as ETH approaches resistance zones within the downward channel without breaking through.
Short
by Sanhara
SOLUSDT todaySOLUSDT is currently trading at 184.26 USDT after a strong rally that broke through a significant resistance level. This surge indicates solid buying momentum as SOL pushes past resistance and continues upward. Following the breakout, the previous resistance around 166 USDT may now act as support. This is a level where buying interest could emerge if there’s a short-term pullback. The next resistance zone to watch is between 188 and 190 USDT. If SOL maintains its momentum and breaks through this range, it could potentially reach higher levels, aiming towards the 200 USDT mark.
by Sanhara
BTCUSDT Near Key Resistance – Another Rally Ahead?BTCUSDT is currently trading around a high of 72,890 USDT, with prices surging since its last breakout from the downtrend at 68,700 USDT. The coin is gaining strong momentum due to several key factors: Expectation of a Bitcoin Spot ETF in the U.S.: Investors anticipate that the SEC will approve a spot Bitcoin ETF soon, paving the way for institutional inflows. Positive Sentiment Ahead of the U.S. Elections: Economic policy uncertainty has led investors to view Bitcoin as an alternative asset for value preservation. Interest from Major Financial Institutions: Growing interest from top financial institutions is boosting confidence and demand for Bitcoin. From a technical and indicator perspective, BTCUSDT is approaching a critical resistance level. If it successfully breaks through, another strong rally could be on the horizon!
Long
by Sanhara
EUR/USD Faces Key Resistance, Downtrend PersistsThe EUR/USD pair is currently hovering around the 1.0720 level, with the primary trend still leaning towards a decline. The chart indicates that the euro’s recovery is limited by a key resistance zone, while international market factors are not yet providing enough support to generate a clear upward momentum. Key Technical Analysis Important Resistance Zone (1.0900 - 1.0936): This is a strong resistance level that, without significant upward pressure, will be difficult for EUR/USD to break. Sellers are likely to increase pressure in this area, hindering the pair's potential rise. Support Level (1.0678): This support level serves as a critical buffer zone. If EUR/USD continues to drop towards this area, it could attract some buying interest, providing short-term support for a price recovery.
Long
by Chipucu
2
EURUSD: Recovery in Sight Following Prolonged DowntrendThe EURUSD pair has shown signs of recovery after an extended downtrend, aligning with Dow Theory’s principles of reversion to the mean. Key market factors, including recent U.S. dollar weakness due to speculations around the Federal Reserve’s future rate decisions, have contributed to this upward movement. On the provided chart, EURUSD is bouncing back towards the 0.5 and 0.618 Fibonacci retracement levels, which correspond to the 1.09341 – 1.09875 range. These levels serve as immediate targets for a potential bullish retracement, indicating a zone where traders might look for resistance. This recovery aligns with technical indicators and could attract buying interest as long as the price sustains its position above the recent lows. Keep an eye on economic updates and Fed statements, as they could further influence this recovery phase.
Long
by Chipucu
2