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BTCUSDT trading strategy today.Bitcoin is currently priced at 64,444.91 USDT, showing a slight dip of 1.76%. It’s nearing a critical support zone between 63,000 - 64,000 USDT, which has held strong in the past. Moving averages still suggest an overall bullish trend despite the recent pullback. -Strategy: Entry: Look for a bounce in the 63,000 - 64,000 USDT support zone. Confirm a reversal before buying. Take Profit: Target 66,000 USDT first, then 67,000 USDT. Stop Loss: Set below 62,900 USDT. If support holds, this could be a good opportunity for a bullish trade. Stay cautious and watch the market closely!
Long
by Suyouu
EURUSD: Join the purchase!EUR/USD is hovering below 1.1200 in early Monday morning in Europe. The pair lacks fresh directional momentum, awaiting flash German CPI data and Fed Chair Powell’s speech. More stimulus efforts from China help keep risk sentiment sweeter amid Middle East risks. Given the current market conditions, it looks like EUR/USD will continue its larger uptrend, as the chart shows. The first resistance zone to watch is 1.1200, followed by the upper channel resistance around 1.1240
Long
by ConanTradingFX
XAUUSD: Buyers still have a chance.The price started the week with a spike near the dynamic resistance at $2670, but quickly retreated after the reaction, currently at $2653 and down 0.17% on the day. Although the price of gold has been slightly negatively affected by the market after lacking the momentum and fundamental news to break above the psychological resistance at $2700, this can be seen compared to the 2685 setup. However, the outlook for the metal remains bright at high prices, despite profit-taking from the market. The only concern from the market going forward is the NFP news, which, coupled with concerns about the situation in the Middle East and interest rate cuts and expectations of further adjustments in the future, will have a positive impact on the price of gold. Traders can consider buying when the price drops to the support level around $2625.
OANDA:XAUUSDLong
by ConanTradingFX
USD/JPY: Key Support Spotted in DowntrendThe USD/JPY chart is clearly showing a downtrend as the price has broken below both EMAs, indicating that selling pressure is increasing. The key support level at 142.500 will be the key point to watch, as the reaction here could determine the next trend. If the price recovers from this level, there could be a buying opportunity; otherwise, a deeper decline could occur. Traders should use stop-loss orders to minimize risk in the current volatility.
by Naoomi
Gold prices tend to decrease at the weekend!Hello everyone, Conan here. Today, gold prices are showing a downward trend. After failing to break through the resistance levels of 2670 - 2680, the price has started to decline and is currently trading around 2658 USD. This drop has been supported by some USD buying activity, which tends to weaken demand for this commodity. Additionally, the optimistic market sentiment, fueled by new stimulus measures from China, turned out to be another factor pushing money away from the safe-haven precious metal. As seen on the 1-hour chart, gold prices are still reacting around the EMA 34, and the descending wedge pattern remains unbroken, indicating that the downtrend is not over yet. Based on these factors, in my personal opinion, gold prices are likely to continue falling in the near future, possibly reaching a lower level around 2640 USD.
OANDA:XAUUSDShort
by ConanTradingFX
BTCUSD Bullish Trend Confirmed by Double BottomIn the current BTCUSD chart, we can clearly observe a double bottom pattern, a classic bullish reversal formation. After touching a strong support zone around the 61,000 USD level (highlighted in green), Bitcoin's price bounced back and formed a lower peak before returning to the support zone once again to create the second bottom. This indicates strong buying pressure at this price level. After completing the double bottom pattern, the price broke above the moving averages and continues to rise, currently trading around 65,848 USD. The current trend suggests a potential test of the key resistance zone at 71,511 USD (marked by the dashed line). Forecast: If BTCUSD can break through this resistance zone, the price may continue its upward momentum, potentially reaching targets around 74,000 USD and higher. However, it's important to note the possibility of a short-term correction upon hitting the 71,511 USD resistance zone before continuing the upward trend.
BITSTAMP:BTCUSDLong
by Suyouu
XAUUSD 29/09/24This week on gold, we maintain a similar overall outlook, with the price action expected to continue moving upward. Take note of the previous high. If a pullback occurs due to any fundamental factors, particularly the potential conflict in the Middle East, there may be opportunities to go long from the highlighted areas. However, if no pullback occurs, expect the price action to continue rising. If we move higher from the current levels, the recent high will likely be taken out. Conversely, if we move lower from our current position, the probability of reaching the high remains strong. Be sure to note the liquid lows, which are in line with both the short-term trajectory and the longer-term trajectory, aligned with higher timeframe demand.
OANDA:XAUUSD
by PipSurfingSociety
EURUSD 29/09/24Starting the week with the Euro to U.S. Dollar. Following last week, we saw a clear push to the upside, with price action generating solid movement in an uptrend. We expect this momentum to continue as the U.S. Dollar shows signs of weakening. This suggests a high probability of price action moving toward the previously established high, which serves as a key area of trajectory, clearly pointing upwards. This is a leading indicator of a potential new high being formed. Additionally, there are areas of liquidity and demand, which are crucial points of interest should we see a pullback. Keep in mind, our daily trajectory is clearly bullish. However, if we break below the trajectory low and fail to react to the demand area, I would expect price action to decline further, taking us to the lower end of the range on the higher timeframe. Stick to your risk. Always follow your trading plan.
by PipSurfingSociety
BITCOIN Is Going Up! Buy! Here is our detailed technical review for BITCOIN. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 65,826. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 67,078 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
BITSTAMP:BTCUSDLong
by SignalProvider
3
EU continues multi-day uptrend!Hello everyone! Currently, the EU is maintaining a slight upward momentum, despite a short decline from 1.2000 and closing the week around 1.1159. This has many people worried about the possibility of further declines, but don't be nervous! The price channel is still holding and the cup-with-handle pattern is gradually completing, promising to trigger a new growth wave in the medium term. So, as long as the price channel remains in an uptrend, the market will continue to explode, and the Buy strategy will still be a good choice for the upcoming trading sessions. Once the EU breaks above 1.1200, it will not be difficult to move further to new highs in the short term. What do you think about this view?
Long
by ConanTradingFX
XAU/USD: Break Resistance at $2,680 or Correct to $2,645?The analysis of the XAU/USD chart shows that gold is currently priced at $2,658.550, with strong support at $2,645.331. From the chart, it is clear that the upward trend is still being maintained, thanks to the support of the EMA 34 and EMA 89 levels at $2,658 and $2,633.502, respectively. The key resistance at $2,680.809 is the barrier that the price needs to break through if it is to continue reaching higher levels, with the next target at $2,701 However, if the price fails to maintain its upward momentum and drops below the $2,645.331 support level, a deeper correction may occur. In the current market context, important economic news from the U.S. and statements from Fed officials will be key factors that could significantly impact gold price movements in the coming days.
OANDA:XAUUSDLong
by Zola_Hello
Gold Bullish Outlook: Cup and Handle PatternThe current gold chart is showing a Cup and Handle pattern, a technical signal that indicates a potential bullish breakout. This pattern is completed when the price breaks above the resistance line of the "Handle" section, and currently, we are witnessing signs of such a breakout. The EMA 34 and EMA 89 support the medium and long-term uptrend, reinforcing the belief in the sustainability of this bullish momentum. What do you think about this prediction, let me know in the comments!
OANDA:XAUUSD
by Naoomi
Today's BTCUSDT trading strategy!Hello everyone, let’s continue to analyze trends and strategies together! Currently, BTCUSDT is hovering around the $65,000 level, gaining momentum after successfully breaking through the resistance at $64,500 in the short term. From a technical perspective, considering the trendline and the EMA 34, 89 indicators, I believe a buying strategy remains favorable in both the short and medium term. The uptrend could be further reinforced if it manages to break through the $65,300 resistance level soon. Wishing you all happy trading and abundant profits!
by Suyouu
ETHUSDT should buy or sell ?Market Overview: The ETH/USDT pair is showing signs of strength after breaking the resistance level at $2,644. The recent cup-and-handle pattern, highlighted in red, suggests a bullish reversal pattern. The market has tested the resistance zone around $2,679.98 multiple times (as indicated by the red arrows), implying that the market is gradually gaining momentum. Key Technical Points: Support Zone: The green zone around $2,615.95 - $2,626.25 represents a key support level, acting as a buffer where buying interest might emerge. Resistance Zone: The next major resistance sits at $2,679.98, as indicated by the orange rectangle. A break above this level could trigger further upside momentum. News Catalysts: U.S. Bond Yields: A decline in U.S. bond yields and a weakening USD could support further upside movement in Ethereum, aligning with the technical picture. Macro Events: Any easing from the Federal Reserve or signs of slowing inflation might also act as a tailwind for the broader crypto market, potentially boosting Ethereum prices. Trading Strategy: Bullish Scenario: Entry: Consider entering a long position if the price breaks and holds above $2,679.98 (highlighted by the orange zone). Target: Set a profit target around $2,740, where the next potential resistance could appear. Stop Loss: Place a stop loss below the green support zone ($2,615.95), ensuring risk management in case of a market reversal. This strategy hinges on the assumption of continued bullish momentum, reinforced by both technical patterns and favorable macroeconomic conditions.
Long
by Suyouu