GOLD 1h Okay, let's look at GOLD on the 1h timeframe. So near this zone plot whether it will reject or break. Confluence with the trendline there. Oppa wait if he rejects, Oppa will look to buy again because the trend is still buying. But if he breaks down, you open on the lower timeframe then check if there is a correction then you can look for short term selling opportunities. Okay?
Chart Patterns
EUR/USD short: Is the technical correction complete?Hello traders
I don't have a lot to say today. Big surprise.
I broke two cardinal rules of trading when I entered into my short position. I was mentally anxious about my upcoming spine surgery and I did not do my homework properly. Despite this poorly timed short entry, I reconsidered and kept my stop at 1.0545(give the 1.0534 high some breathing room). So, still in business.
The technical indicators tell the story in this post. I believe that this was nothing but a technical correction.
Fundamentally, nothing has changed. The ECB is expected to cut and the FOMC expected to hold. Since the FOMC has the first opportunity to present to the markets, watch Chair Powell's press conference, no matter which time zone you are in. Likewise with the ECB 17 hours later.
On the home front, Trump has started his "mass deportations" in Chicago and slapped tariffs on Colombia. Stock up on your coffee beans folks. Oil is a two trade, crude from Colombia, refined petroleum to Colombia, so I am not sure how that will be affected. Our esteemed oil traders on TV will have the lowdown. This will stoke the inflation fears again which benefits the USD.
So, buckle up. It is going to be a wild ride this week.
Best of luck.
NASQ100 - Wait and see if Nas100 can stand on key support levelWait and see if Nas100 can stand on key support level!
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
JUP Eyeing Resistance Break: What Could Happen Next...?JUPITER has broken through the short-term resistance level of $1.1850 and is attempting to maintain its position above this mark. However, the breakout occurred with a single major candlestick, making it difficult to predict whether it will sustain this breakout. At this point, it's important to wait for further price action. If you don't want to miss out on potential gains from a major breakout like this, consider entering a long position once the price breaks above the $1.2500 level. Be sure to keep your stop-losses tight, as the market is somewhat volatile at this stage.
Solana's All-Time High: Symmetrical Triangle Pattern in Play..!Solana is currently exhibiting a symmetrical triangle pattern as it approaches its all-time high of $260. This pattern typically indicates a period of consolidation, where the buying and selling pressures are in relative equilibrium. Traders and analysts are closely monitoring this development, as a breakout from this formation could lead to a significant price movement, either upwards or downwards. The potential direction of the move will depend on which side the price ultimately breaks out from. Therefore, investors must stay vigilant and watch the market closely for any signs of a breakout, as it could herald a pivotal change in momentum for Solana.
TRUMP Analysis - What Shall we Expect !!!TRUMPUSDT is forming a Triangle on 1h timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $59 If triangle not broke from down!! Stay tuned for more updates, thanks.
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EUROUSD TRADING POINT UPDATE> READ THE CHAPTIN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Euro USD Traders SMC-Trading Point update you on New technical analysis setup Euro USD breakout of MA 200 ) Now 👍 Looking start with bullish trend 📈 🚀 analysis setup update fisrt I look short 1.04918- 1.04322). That' is good buying zone ☺️) target point 1.5540)
Key resistance level 1.05215 +1.05540
Key support level 1.4500 1.043222. .104107
Mr SMC Trading point
Support 💫 My hard analysis setup like And Following 🤝 me that star ✨ game 🎮
BTC BEARISH SENTIMENTYeah, BTC has been facing repeated rejections around that key resistance level, which could signal a potential short-term bearish move if it fails to break through convincingly. If sellers continue to defend that zone, we might see a pullback or consolidation before another attempt.
On the flip side, a strong breakout with volume could push BTC into a bullish trend. It’s all about how price reacts in the next few days—watching for either a clean break or another rejection that could lead to temporary downside.
Fingers crossed indeed! Are you thinking of taking any trades based on this?
DeGRAM | GOLD correctionGOLD is above the ascending channel between the trend lines.
The price is moving from the upper trend line and resistance level, which was previously a pullback point.
We expect a retest of the channel and further correction if the chart fixes in it.
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$TEDDY BEAR Coin: Poised for a Breakout on PulseChainThe world of memecoins is never short of surprises, and $TEDDY BEAR has proven to be a standout contender. Built and integrated into PulseChain, this token departs from the conventional reliance on networks like BNB, ETH, SOL, or even SUI. With its unique foundation, $TEDDY BEAR has captivated the crypto community. Let’s delve into the technical and fundamental aspects that make this coin a potential breakout star.
Technical Analysis
$TEDDY BEAR has recently formed a symmetrical triangle pattern, a classic technical setup signaling a potential breakout. With the price currently moving in tandem with the 50-day moving average (MA) and slightly above the 100-day and 200-day MAs, the token’s chart reflects consolidation and building momentum.
Key technical indicators:
- RSI: At 50.79, the Relative Strength Index hints at a balanced market, but with bullish undertones. If the RSI holds steady or moves upward, it could signal increased buying pressure.
- Breakout Potential: A breakout above the triangle’s base could lead to a 120% surge, targeting the previous all-time high (ATH) recorded on December 13, 2024.
- Price Surge Estimate: With a projected range of 127%, the potential move is significant, especially considering the token’s prolonged consolidation phase.
However, traders should note that $TEDDY is currently down 25.9% over the past 24 hours. If the next candlestick closes near the bottom of the triangle, it could signify the start of a bullish campaign.
Built on PulseChain
$TEDDY BEAR’s integration with PulseChain sets it apart in the crowded memecoin space. PulseChain, known for its scalability and lower transaction costs, provides $TEDDY with a robust infrastructure. This strategic decision reflects the team’s commitment to leveraging cutting-edge blockchain technology.
The token pays homage to the endearing teddy bear popularized in Richard Heart’s livestreams. This connection to a recognizable figure in the crypto community has bolstered $TEDDY’s appeal, earning it the title of the number one memecoin on PulseChain.
Market Metrics and Trading Activity
- Current Price Performance: Despite being 46.05% below its ATH of $0.0000001287, $TEDDY BEAR’s current price remains a remarkable 3,933.97% higher than its all-time low.
- Trading Volume: Over the past 24 hours, trading volume stood at $259,575, a significant drop of 68.80% from the previous day. This decrease suggests a temporary lull in market activity but also sets the stage for a potential reversal.
- Market Cap: With a market capitalization of $70,014,982, $TEDDY ranks #642 on CoinGecko, reflecting its growing prominence in the crypto space.
Conclusion
$TEDDY BEAR’s unique positioning on PulseChain, combined with its compelling technical setup, makes it a token to watch. The symmetrical triangle pattern, supported by robust fundamentals, hints at a potential breakout that could reignite investor interest. While short-term volatility remains a factor, the long-term prospects for $TEDDY BEAR appear promising.
For traders and enthusiasts looking for the next big opportunity in the crypto space, $TEDDY BEAR offers a blend of technical intrigue and fundamental innovation. As always, conducting thorough research and managing risks are essential when navigating the dynamic world of cryptocurrencies.
EURUSD 27-31 Jan 2025The current price action suggests a potential buying opportunity in the short term, contingent upon the pair retracing to the identified demand zone before initiating a rally toward the supply zone. However, if the price reaches the supply zone first, I will wait for confirmation of a reversal before considering sell entries, with the target set at the current demand zone.
Let’s monitor how this scenario unfolds.