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DXY 4Hour TF - July 6th, 2025DXY 7/6/2025 DXY 4hour Bearish Idea Monthly - Bearish Weekly - Bearish Dailly - Bearish 4hour - Bearish All timeframes are suggesting we are sitll very much bearish. Going into this week we can spot two scenarios that will consider DXY either bullish or bearish. Bearish Continuation - Ideally we can see price action stay below our 97.500 resistance zone which is also our 38.2% fib level. Look for price action to reject 97.500 with strong bearish conviction. This will most likely confirm a bearish dollar for the week ahead. Keep in mind, price action can push up to the 98.000 zone and still remain bearish. Reversal - This is the less likely move for the week ahead but not impossible. For us to consider DXY bullish again on the 4hour timeframe we would need to see price action push above our 98.000 resistance area with a confirmed higher low above. Look for strong bullish rejection above & off of 98.000 acting as support. This is the first step for DXY in becoming bullish again.
TVC:DXYShort
by ForexLeague
XAUUSD 4Hour TF - July 6th, 2025XAUUSD 7/6/2025 XAUUSD 4 hour Long Idea Monthly - Bullish Weekly - Bullish Daily - Bullish 4hour - Bullish Back to bullish here on Gold but that comes as no surprise when you look at the higher timeframe trends. I’m mainly considering long scenarios for the week ahead but let's take a look at two for the week ahead: 4hour bearish continuation - Currently we can see price action broke above 3,320.00 resistance and is currently looking to find some footing. We’re keeping an eye out for higher lows at or near this level to then consider long scenarios. 3,395.000 seems like a good target but gold has potential to go higher. 4hour trend reversal - If we are to consider short positions on gold we would need to see a break back below our 3,320.000 zone. Look for confirmed lower highs below 3,320.000 and target lower key support levels if this happens.
FX_IDC:XAUUSDLong
by ForexLeague
AUDJPY 4Hour TF - July 6th, 2025AUDJPY 7/6/2025 AUDJPY 4hour Neutral Idea Monthly - Bullish Weekly - Bearish Dailly - Bearish 4hour - Ranging We’re getting some mixed signals here on AJ so i’ll keep this as a neutral idea as we need more info from price action. Most of the major trends seem bearish but the 4hour trend seems to have some bullish pressure. Let’s see how this could play out this week: Bullish Breakout - We already saw a pretty significant bullish attempt to break out of this range around 94.500. If we can spot some bullish conviction, now that we're retesting what seems to be a broken range, then we can confirm a bullish 4hour trend and prepare for potential long scenarios. I’ll be looking higher toward key resistance around 96.500 if this happens. Bearish Breakout - For us to consider comfortable bearish scenarios, we would need to see price action fall back through our 94.500 zone and form a lower high. If we see structure formed below 94.500 we can begin targeting lower for potential short positions. Look toward key support levels as targets.
by ForexLeague
CRUDE OIL (WTI): Move Up Ahead! Last week, I already shared a bullish setup on WTI Crude Oil on a daily time frame. I see a strong intraday bullish confirmation today. After a test of an underlined blue support area, the price went up strongly and violated a resistance line of a bullish flag pattern on a 4H time frame. The market is going to rise more. Goal - 68.2 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
FX:USOILLong
by VasilyTrader
1
EURJPY 4Hour TF - July 6th, 2025EURJPY 7/6/2025 EURJPY 4hour Bullish Idea Monthly - Bullish Weekly - Bullish Daily - Bullish 4hour - Bullish EJ is doing it’s thing and sticking with it’s bullish trend for now. The only conflicting signal is this major monthly zone around the 171.000 area so we will have to be careful. Let’s keep a look out for two potential scenarios going into this week: Bullish Continuation - We just saw a break above the 169.750 4hour zone which is fairly significant and it is signaling new support for this currently forming higher low, which is great. From here we’re looking for this bullish trend to continue, look for strong bullish conviction coming off this 169.750 zone and look to target higher. Trend Reversal - This is a possibility with our 171.000 looming overhead. If we start to see bearish rejection look for a lower high below 169.750 and look to target lower toward key support levels.
Long
by ForexLeague
USDJPY Daily TF - July 6th, 2025USDJPY 7/6/2025 USDJPY Daily Neutral Idea Monthly - Bullish Weekly - Bearish Daily - Bearish We’re still on the daily timeframe with UJ as there is nothing worthwhile. We are clearly in some daily consolidation phase and price action has no clear direction from a swing perspective. Bearish Continuation - For us to consider a bearish continuation, which is the most likely, we would like to see a retest of our 147.500 zone followed by strong bearish rejection. If we can spot rejection around the 147.500 zone it could present some decent short positions. I’d be looking to target lower toward key support levels. Aside from this potential setup i’m not looking at any other scenarios for UJ.
by ForexLeague
SPY (S&P500 ETF) - Price Attempting Breakout Above ResistanceSPY (S&P500 ETF) price is attempting to breakout above Daily resistance levels of $594 and $597. SPY ETF has been in an uptrend since May 2025. A Golden Cross also occured on May 19th 2025, signaling that a potential longer term bullish rally could occur. Friday's candle closed as a Doji signaling some potential indecision after recent price volatility. SPY price is not at any extreme level on the Daily chart. If SPY price ever gaps up and rallies up to the $612 to $620 resistance zone, price could sell off stronger (short-term). In June 2025, trade deal and inflation news will most likely be the catalyst for further volatility, in addition to government news announcements.
AMEX:SPY
by NoFomoCharts
6J1!: Yen Steady as Dollar Recovers: Reversal WatchThe Japanese Yen maintains its strength in relation to the recovering US Dollar. However, recent improvements in global risk sentiment are beginning to weaken the JPY's appeal as a safe-haven currency. At this point, the Yen is positioned within a significant supply zone, where we are closely monitoring for potential reversal opportunities. According to the latest COT report, retailers are predominantly holding long positions, which adds an interesting dynamic to the current market environment. As we evaluate the situation, our focus is on the possibility of a reversal, especially as the US Dollar shows signs of regaining momentum. This scenario could lead to notable shifts in currency dynamics, and we are keen to see how these factors will unfold in the near term. ✅ Please share your thoughts about 6J1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6J1!Short
by FOREXN1
2
Wagyuswap has a big potential - sleeping giant X Velas🚀 WAGYUSWAP x VELAS – THE DEFI EXPLOSION IS HERE! 🔥 Big things are happening, and if you're not watching WagyuSwap, you're missing the next legendary crypto story in the making. Built on the lightning-fast Velas blockchain, Wagyuswap is about to ignite the biggest wave in DeFi history! ⚡ 🗞️ With major announcements on the horizon and new CEX listings coming for Velas, the spotlight is turning toward the #1 DEX on Velas – WAGYUSWAP! 💥 Insanely low fees ⚡ Blazing-fast transactions 💰 Undeniable 100x+ potential This isn’t speculation. This is momentum. This isn’t just hype. It’s a once-in-a-lifetime opportunity. 🌍 As Velas grows, Wagyuswap becomes the gateway. 💎 As announcements drop, holders win big. 🚀 As the world catches on, early believers will be crypto royalty. Get ready. Stay sharp. WAGYUSWAP is about to melt faces.
WLong
by elfabiiani
DON'T MISS VELAS AT THIS DISCOUNT PRICES - STILL ACTIVE PROJECTTECHNICAL ANALYSIS AND TRADE PLAN FOR VELAS Chart Overview Timeframe: The analysis is conducted on a 4-hour chart, providing mid-term insights. Pattern Identified: A falling wedge, a bullish reversal pattern, suggests an impending breakout to the upside. Current Price: Approximately $0.0065564 at the time of analysis. Volume Analysis: Declining volume indicates price compression, which typically precedes a breakout. Key Levels Support Zone (Discount Area): Around $0.0058–$0.0060. Resistance Zone (Premium Area): First resistance at $0.0080 and a major zone at $0.0100–$0.0120. Previous Highs (Targets): $0.0140, $0.0220. Indicators: RSI (Relative Strength Index): Showing oversold conditions, supporting a reversal. Stochastic Oscillator: Near bottom levels, indicating a potential bullish crossover. Volume Oscillator: Low activity with potential for volume surge on breakout. Price Action: A series of lower highs and lower lows confirms the falling wedge. Breakout from the wedge is expected as the price nears the apex, combined with reduced bearish momentum. Market Sentiment and Team Progress: The Velas team, led by Alex Alexandrov, is working hard and smart to drive the project forward. Recent updates reveal positive developments and growing confidence in Velas 2.0, as highlighted on their official Twitter account. According to Accumulated Finance, VLX has strong potential due to its innovative subchain technology and enhanced ecosystem. Trading Plan 1. Entry Strategy: Initial Entry (Aggressive): Enter around the current price ($0.0065) with a smaller position to catch the breakout early. Confirmation Entry (Conservative): Wait for a confirmed breakout above $0.0070 with strong volume before entering a larger position. 2. Take-Profit Targets: Short-Term Target: $0.0080 (Resistance Zone). Medium-Term Target: $0.0100 (Major Resistance). Long-Term Target: $0.0140 and $0.0220 (Key Fibonacci levels and previous swing highs). 3. Stop-Loss Placement: Initial Stop-Loss: Below $0.0055 (below the wedge support). Trailing Stop: Move the stop-loss to break-even after a breakout above $0.0080 and trail below each significant swing low. 4. Risk Management: Allocate no more than 2% of total trading capital to the initial position. Use position sizing to ensure the maximum loss (based on stop-loss placement) does not exceed predefined risk tolerance. 5. Monitoring Plan: Volume: A breakout without increased volume may signal a false breakout. Wait for confirmation. Momentum Indicators: RSI and stochastic should support the move; divergence against the price could invalidate the setup. Market Conditions: Monitor Bitcoin and general market sentiment, as they can influence VLX price movements. 6. Scaling Strategy: Add to Position: On a confirmed breakout with high volume above $0.0075, add to the position during retests of support. Partial Profit-Taking: Secure 50% of profits at $0.0100 and let the rest ride towards higher targets with a trailing stop. The falling wedge pattern and supporting indicators suggest a strong potential for bullish momentum in the short-to-medium term. The dedication and smart efforts of Alex Alexandrov and his team, combined with the positive momentum from Velas 2.0 and its latest announcements, align with a promising future for VLX.
CRYPTO:VLXUSDLong
by elfabiiani
2
Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout. Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector. If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled. Key Levels at the moment: Support Zone: $67.70–$64.40 Resistance Zone: $85–$88
NYMEX:CL1!Long
by freeguy_by_wmc
BITCOIN AT ATH IS SHOWING WHO IS THE KING OF THE JUNGLETechnical Analysis Rising Wedge Pattern: The chart displays a rising wedge pattern (bearish reversal structure). The price is likely at the breakdown point from the wedge. Key support and resistance lines are marked, showing potential pullback zones. Indicators: RSI (Relative Strength Index): Shows overbought conditions as it hovers near 70. A pullback or consolidation may occur to relieve overbought pressures. Stochastic Oscillator: The oscillator is in the overbought zone, signaling a potential short-term reversal or cooling-off period. Money Flow Index (MFI): Indicates significant inflows of capital, but nearing overbought conditions, suggesting caution. Price Levels: Key support zones: $95,697, $91,721, and $88,671 (blue horizontal lines). Key resistance zones: Wedge top (~$108,000) and further price targets above $112,000 and $120,000. Trend Analysis: The overall trend appears bullish in the medium term. A short-term retracement (to test lower support levels) is anticipated before further continuation upward. The breakout target from the rising wedge suggests a potential correction to the $95,000–$96,000 range, followed by an upward move. Trading Plan Entry Strategy Scenario A: Retracement to Support Zones If Bitcoin pulls back to $95,000–$96,000, consider opening a long position, as this level aligns with historical support and a confluence of demand zones. Scenario B: Bullish Continuation If Bitcoin breaks above $112,000 with strong volume, open a long position targeting $120,000 and higher. Stop-Loss Placement: Place a stop-loss just below $94,500 for long positions to minimize risk, as a breach below this level could signal further bearish movement. Take-Profit Levels: Primary Target: $112,000 (previous high). Secondary Target: $120,000 (psychological level and technical extension). Risk Management: Limit risk to 1–2% of your trading capital per trade. Avoid over-leveraging as the rising wedge breakdown could result in increased volatility. Monitoring the Trade: Keep an eye on macro indicators (e.g., interest rate announcements, broader market sentiment). Watch for divergence in RSI or Stochastic Oscillator, which could indicate trend exhaustion. Bitcoin is at a critical juncture. A short-term correction is likely to test support levels before resuming its bullish trend. The outlined trading plan provides strategies for both pullback and breakout scenarios, ensuring disciplined risk management.
CRYPTO:BTCUSDLong
by elfabiiani
3
BITCOIN TRADE PLAN + TECHNICAL ANALYSIS (ASCENDING TRIANGLE)Bitcoin appears to be forming an ascending triangle, a bullish continuation pattern. The horizontal resistance line is at $95,407, while the ascending support line suggests increasing buying pressure. A breakout above $95,407 could signal a significant upward move. Resistance Levels: Immediate resistance at $95,407. Secondary resistance levels: $108,330 and potentially higher targets as the trend develops. Support Levels: Immediate support near $92,000. Additional support levels: $88,071 and $85,000. Indicators Analysis: VMC Cipher B Divergences: Neutral-to-bullish signals with minimal negative momentum. RSI (14): The current value of around 44.2 indicates a neutral zone, with potential for upward movement if it crosses the 50 level. Money Flow Index (MFI): Indicates neutral activity, suggesting balanced buying and selling pressure. Stochastic Oscillator: Near oversold levels (15.3), implying that a reversal to the upside might occur soon. Trading Plan Entry Strategy: Aggressive Entry: Consider entering at current levels ($94,000) with a small position, anticipating a breakout. Conservative Entry: Wait for a confirmed breakout above $95,407, with strong volume as confirmation. Stop-Loss Placement: Place an initial stop-loss below $92,000 to limit downside risk. For tighter risk management, consider $93,000 as an alternative stop-loss level. Take-Profit Targets: First Target: $100,000 (psychological and round number resistance). Second Target: $108,330 (next major resistance based on historical levels). Third Target: Trail-stop strategy to capture potential gains beyond $108,330 if Bitcoin rallies further. Risk Management: Allocate no more than 2-3% of your trading capital to this position to manage risk effectively. Monitor trading volume during the breakout; lack of volume confirmation may indicate a false breakout. Contingency Plan: If Bitcoin breaks below $92,000, re-evaluate the bullish thesis and consider a short-term bearish outlook toward $88,071 or $85,000 support levels. Be cautious of false breakouts, particularly around $95,407. Keep an eye on macroeconomic events or Bitcoin-specific news that could influence price action. Bitcoin's ascending triangle pattern and current positioning suggest a bullish breakout is possible. Following this trading plan with disciplined risk management can help capture potential upside while limiting downside risks. Monitor the market closely for breakout confirmation or invalidation.
CRYPTO:BTCUSDLong
by elfabiiani
1
BITCOIN - THE KING OF CRYPTO (TECHNICAL ANALYSIS + TRADE PLAN)Descending Trading Channel: Bitcoin is currently in a descending trading channel, indicating short-term bearish pressure but within a larger bullish structure. The breakout above the channel's resistance line signals a potential reversal to an uptrend. Support Zone: A strong support zone is marked around the $92,000–$94,000 range, where demand is evident, as indicated by price consolidation. Indicators: RSI (Relative Strength Index): RSI near 47 suggests the asset is in neutral territory but trending upwards, moving away from oversold conditions. Stochastic Oscillator: Bullish crossover near 66 indicates increasing momentum toward an overbought state, confirming the breakout possibility. Money Flow Index (MFI): Rising MFI implies capital inflow, supporting the likelihood of upward price movement. VMC Cipher B Indicator: Bullish divergences are forming, suggesting a potential trend reversal. Volume Profile: While not explicitly shown, the lack of significant volume during the recent decline confirms a corrective phase rather than a bearish trend. Target Zones: Initial target post-breakout: $100,000 (psychological resistance). Secondary target: $108,000–$112,000, where historical resistance might emerge. Trading Plan: Entry Strategy: Enter once Bitcoin decisively breaks above the descending trading channel resistance with strong volume confirmation. Support Buy: Accumulate near $92,000–$94,000 if the price retests the support zone. Stop-Loss Placement: Place stop-loss below the $90,000 mark to minimize risk if the breakout fails or support zone does not hold. Short-Term Target: Set take-profit at $100,000, just below psychological resistance to ensure execution. Medium-Term Target: Partial profit at $108,000 and $112,000 for extended upside. Risk Management: Limit exposure to 1-2% of total capital per trade. Maintain a risk-reward ratio of at least 1:3 to optimize profitability. Watch for increased volume during breakout confirmation. Monitor macroeconomic factors and news affecting Bitcoin, as sudden events may invalidate technical setups.
MARKETSCOM:BITCOINLong
by elfabiiani
Technical Analysis of WAGYUSWAP (WAGYU/USDT) Technical Analysis of WAGYUSWAP (WAGYU/USDT) Chart Pattern: Falling Wedge Structure: WAGYU/USDT is currently forming a falling wedge pattern, which is considered a bullish reversal pattern. The narrowing of price action indicates reduced volatility, often leading to an upward breakout. Support: The green trendline represents strong support, with multiple touches confirming its validity. Resistance: The red trendline represents descending resistance that needs to be broken for bullish confirmation. Indicators Analysis VMC Cipher B Divergences: Bullish divergences observed with higher lows in the indicator and lower lows in price. This supports a potential upward momentum. RSI (14): Currently near neutral levels (~45), indicating room for upward movement before becoming overbought. A breakout of the wedge may push RSI above 50, strengthening the bullish scenario. Money Flow Index (MFI): Fluctuating near 50, suggesting balanced buying and selling pressure. A spike above 60 would indicate increased buying momentum. Stochastic Oscillator: Oversold levels (25.35), aligning with the potential for a price rebound. A crossover to the upside would be a confirmation signal. Key Levels Support Levels: $0.0005847: Immediate support level. $0.0005000: Strong psychological support. Resistance Levels: $0.0009113: First target upon breakout. $0.0013197: Strong mid-term resistance. $0.0015666 - $0.0019185: Long-term targets, contingent on market sentiment and volume. Volume Analysis Volume Decline: Falling wedge patterns often witness declining volume. An increase in volume during a breakout above resistance will confirm bullish momentum. Trading Plan for WAGYU/USDT (Spot Trading Only) 1. Entry Strategy BUY IMMEDIATELY 2. Exit strategy OUT at 0.1 usdt Market Sentiment: Monitor Velas ( LSE:VLX ) price movement, as the analysis mentions its correlation with WAGYUSWAP's performance. Volume Confirmation: Entry and breakout trades must be supported by a significant volume increase to validate the move. Macro Conditions: Keep an eye on overall cryptocurrency market trends, as they can impact price dynamics
WLong
by elfabiiani
1
Bitcoin technical analysis + trade planThe chart shows a clear falling wedge formation. This is a bullish reversal pattern that suggests a potential upward breakout. Price is nearing the wedge's apex, indicating that a breakout might be imminent. Key Support and Resistance Levels: Support Levels: $88,671.83 (near-term critical support) $86,000.00 (strong psychological support) Resistance Levels: $95,497.11 (short-term resistance near breakout zone) $108,329.96 (target resistance post-breakout) Indicators: VWMC Cipher B Divergences: Bullish divergence appears on the indicator, aligning with the falling wedge's bullish potential. RSI: RSI is below 30, indicating oversold conditions, which often precede a rebound. Money Flow Index (MFI): MFI is oversold, suggesting incoming buying pressure. Stochastic Oscillator: Stochastic is in the oversold region (<20), showing high potential for a bullish reversal. Market Sentiment: Given the oversold indicators and bullish pattern, the market is primed for a potential upside movement. However, confirmation of the breakout is critical. Trading Plan: Entry Strategy: Enter long near the wedge's lower boundary (~$90,000), with a tight stop loss below $88,000. Conservative Entry: Wait for a breakout above the wedge's resistance (~$96,000) and enter after confirmation with a retest of the breakout level. Stop-Loss Placement: Place stop-loss below the nearest support level: Aggressive traders: $87,500 Conservative traders: $92,000 (post-breakout retest failure) Profit Targets: First Target: $108,329.96 (major resistance level post-breakout) Second Target: $114,000 (psychological level, based on historical price action) Risk Management: Risk no more than 1-2% of your portfolio per trade. Use position sizing to balance risk-to-reward ratios (minimum 1:3). Monitoring Volume: Ensure the breakout is accompanied by increased volume. Candle Structure: A solid close above $96,000 validates the move. Invalidation: If the price falls below $88,000, the wedge pattern is invalidated, signaling further downside. Alternative Scenario (Bearish): If Bitcoin breaks below $86,000, expect a test of lower levels. Potential targets include $82,000 and $78,000. Bitcoin is poised for a significant move. The falling wedge, oversold indicators, and strong support levels suggest an imminent bullish breakout. However, patience for confirmation is key to minimizing risk and maximizing gains. Adjust your strategy dynamically based on market conditions.
CRYPTO:BTCUSDLong
by elfabiiani
BITCOIN IS GROWING STEP BY STEP TECHNICAL ANALYSIS + TRADE PLANTechnical Analysis Ascending Triangle Formation The chart displays an ascending triangle pattern, indicating a bullish trend continuation. The price has been forming higher lows while maintaining a relatively flat upper resistance level, suggesting that buyers are gradually gaining strength. Key levels to watch: Resistance: The price is approaching the resistance at $93,143 and $100,000. Support: The ascending trendline acting as support is near $86,721. Indicators: VMC Cipher B Divergences: The indicator shows a continuation of bullish momentum with green dots suggesting buying signals. Bullish Divergence: This is a confirmation of positive momentum and suggests the current trend could continue, especially if it breaks resistance. Relative Strength Index (RSI): RSI is at 56.62, indicating that Bitcoin is neither overbought nor oversold. It suggests that there is still room for upward movement before entering overbought territory (RSI > 70). Money Flow Index (MFI): The MFI is in the green, at 56.02, showing a steady inflow of capital, which supports the bullish outlook. It is not in the overbought range, further indicating the potential for continued upside. Stochastic Oscillator: The stochastic indicator shows values of 77.28 (fast line) and 76.05 (slow line), both suggesting that the price is in the upper range. Though it's near the overbought zone, it isn't extreme enough to signal an imminent reversal. Volume The volume is increasing with each bullish move, indicating strong buying pressure and confirming that the trend is supported by market activity. Key Price Levels: Resistance Zone: $93,143 - $100,000 Support Zone: $86,721 Next Target: A breakout above the $93,143 resistance could target new highs around $100,000 or higher if the market sentiment remains bullish. Trading Plan Entry Strategy: Buy Signal: A break above the resistance level at $93,143 would be a strong buy signal, with the expectation of a continuation to the next target near $100,000. Alternatively, a retracement to the support level at $86,721 could provide a good entry for a long position if the price rebounds from this level, confirming the ascending triangle pattern. Stop Loss Strategy: Stop Loss: Place a stop-loss order below the most recent swing low, around $86,000, to protect the position in case of a breakout failure. This provides a good risk-to-reward ratio if the price does not hold above the support trendline. Profit-Taking Strategy: First Target: The first target for profit-taking should be near $93,143 (initial resistance). Second Target: A breakout beyond this resistance can target $100,000 and possibly new all-time highs (ATH). Trailing Stop: Consider implementing a trailing stop once the price moves in your favor, allowing the position to stay open while locking in profits if the market reverses. Risk Management: Position Sizing: Based on the risk tolerance, adjust the size of your trades to ensure proper risk management. For example, risking 1-2% of your total capital on a single trade is advisable. Review Market Sentiment: Always monitor broader market conditions and Bitcoin-related news for any sudden changes that may affect the trend. Conclusion The current chart signals a bullish continuation for Bitcoin, supported by the ascending triangle pattern, bullish indicators, and increasing volume. A break above $93,143 would confirm the next move towards $100,000. As always, it's important to monitor the market for any shifts and adjust your trading plan accordingly.
BINANCE:BTCUSDLong
by elfabiiani
KASPA IS GIANT - WAITING FOR MAJOR EXCHANGES - TRADE PLANChart Type: 4-hour (4H) timeframe. Pattern Identified: A falling wedge pattern is evident, which typically signals a potential reversal to the upside, especially when the price breaks above the upper trendline (resistance) of the wedge. Current Price Action: The price is currently consolidating near the lower boundary of the falling wedge pattern. The breakout above the wedge's resistance level is considered crucial for the potential upside move. Indicators and Signals: Volume (Volume Profile on the chart): There is an increase in volume around the lower part of the wedge, suggesting accumulation as the price approaches key support levels. A potential breakout could be confirmed by a spike in volume as the price breaks above the resistance line of the wedge. RSI (Relative Strength Index, 14): The RSI is at 43.20, which is neutral but nearing the oversold zone. This suggests that the market is not in an extreme selling phase, and the asset could gain momentum if the breakout occurs. Stochastic Oscillator: The Stochastic Oscillator is at 15.98, indicating that the market is in oversold conditions. If it crosses upward, it could further confirm that a reversal or upward movement is likely. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, and the histogram is in green, indicating bullish momentum. This is a positive sign for a potential upward move once the breakout happens. Money Flow Index (MFI): The MFI is showing green bars with an upward slope, suggesting positive money flow and investor interest in the asset. HMA (Hull Moving Average): The HMA shows a slight bullish bias with an upward slope, which complements the potential bullish breakout scenario. Key Support and Resistance Levels: Support Level: The lower boundary of the falling wedge acts as a key support level. If the price holds above this level, it will give confidence to the potential upward breakout. Resistance Level: The upper boundary of the wedge is the key resistance level. A breakout above this will be crucial for confirming the potential bullish move. Price Target: If the breakout occurs, the next logical target would be around the previous highs near 0.18 USD, based on the wedge's height. Potential Scenarios and Trading Plan: Bullish Scenario: Entry: Enter a long position once the price breaks above the resistance level of the falling wedge (around 0.1285 USD). Stop Loss: Set a stop loss just below the support of the wedge (around 0.1200 USD), to minimize risk in case of a fakeout or reversal. Take Profit: The first target should be around 0.16 USD, and a secondary target around 0.18 USD if momentum continues to rise after the breakout. Bearish Scenario: If the price fails to break the wedge’s resistance or breaks below the wedge’s support, it would indicate that the price is likely to continue its downtrend. Short Entry: Consider a short position if the price falls below 0.1200 USD, confirming a break of the wedge's support. Stop Loss: Set the stop loss just above the wedge resistance at 0.1300 USD. Take Profit: The target could be at lower support levels around 0.10 USD. The KASPA chart shows a potential bullish reversal from the falling wedge pattern. The key factor for success in this trade will be the confirmation of a breakout with high volume above the wedge's resistance. Utilize the indicators such as the RSI, MACD, and Stochastic for additional confirmation of the trade setup. Risk management is crucial, with clear stop-loss levels set to protect against potential downside moves.
Long
by elfabiiani
2
BITCOIN IS EXPLOADING BIG TIME. TECHNICAL ANALYSIS + TRADE PLANPrice Action & Trend: Bitcoin's current price is around $80,853. The trend is notably bullish, as the price has been in an upward movement with higher highs and higher lows over the past month. The recent price surge indicates strong bullish momentum, potentially aiming for higher resistance levels. Indicators: Market Cipher B: This indicator shows divergences and momentum shifts, often used for trend reversals. Current green dots indicate bullish momentum, and the increasing wave strength suggests strong upward pressure. RSI (Relative Strength Index): RSI is around 74.81, which is within the overbought zone (above 70). This could mean a potential correction or consolidation period might be approaching, as prices may have risen too quickly. Stochastic RSI: The Stochastic RSI shows a value around 89.86, which is also in the overbought zone. This indicator further supports the potential for a short-term pullback or consolidation. HMA Histogram (Hull Moving Average): The histogram shows bullish momentum, but there are hints of divergence, which could indicate a slowdown in bullish strength. Support and Resistance Levels: Support: The nearest strong support is around $72,000. A more significant level sits at approximately $63,000. Resistance: With Bitcoin at $80,853, the next major resistance is likely near $85,000 and then potentially $92,000. Volume: Although volume data isn’t available in this chart, the current price movement suggests significant buying pressure, likely driven by strong sentiment and high interest. Trading Plan Long Position (Buy): Entry: A conservative entry would be to wait for a pullback around the $78,000-$80,000 range, which could act as a minor support in the current bullish setup. Stop Loss: Place a stop-loss just below $72,000, as a break below this level could indicate a shift in trend. Take Profit: Set a target near $85,000 initially. If bullish momentum continues, the next target would be $92,000. Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 2:1 for this trade to manage risk effectively. Short Position (Sell): Given the overbought conditions on both the RSI and Stochastic RSI, a short-term short position could be considered. Entry: Consider shorting near $85,000 if the price reaches this level quickly without consolidation. Stop Loss: Place a stop-loss above $87,000 to protect against a continued breakout. Take Profit: Target a pullback to the $78,000 region or further down to $72,000 if bearish signals strengthen. Risk Management: Limit exposure to a small percentage of the portfolio per trade (e.g., 1-2%) to manage volatility. Monitor key indicators (RSI, Stochastic, Market Cipher B) for any signs of trend exhaustion or divergence that could signal a reversal. Market Sentiment & News Monitoring: Keep an eye on market news that could impact Bitcoin’s price, such as regulatory announcements or macroeconomic factors. Bitcoin’s price can be highly sensitive to sentiment-driven events, so being adaptable to changing market conditions is essential.
by elfabiiani
2
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis Price Action Current Price: GOATUSDT is trading at approximately $0.49876 after a recent downturn of -5.70%. Trend Analysis: The chart shows a general upward trend that peaked recently, followed by a pullback with the price consolidating near support levels. This could indicate a potential continuation of the uptrend if buyers step in. Support and Resistance Levels: Resistance: Near recent high at approximately $0.60. Support: Established around $0.47 and potentially at the lower level near $0.40 if the downtrend continues. Volume Analysis Volume Spikes: High volume accompanies large moves, which suggests strong participation. Current volume is moderately high but shows a mix of buying and selling pressure. Current Volume: 1.388 million, indicating decent interest and liquidity in the asset. Indicators Analysis VMC Cipher B: The VMC Cipher B indicator suggests possible bullish divergences as highlighted by the green dots at the bottom, which could signal a reversal or strength in the trend. A recent negative value of -4.44913 may suggest a slight bearish bias, but the divergence could support a potential bounce. RSI (Relative Strength Index): Current RSI is around 47.48, near the middle of the range, indicating a neutral position. RSI is neither overbought nor oversold, which could mean room for movement in either direction. Stochastic: The Stochastic indicator is showing a reading of 56.67 for the %K line and 47.15 for the %D line, suggesting a neutral to slightly bullish stance. If the Stochastic turns up, it could indicate a buying opportunity. HMA Histogram: The HMA (Hull Moving Average) Histogram is slightly negative, at -0.00460, which implies a weak bearish momentum. If it crosses into positive territory, it could confirm a reversal. Trading Plan Strategy: Swing Trading Entry Points: Bullish Entry: If the price finds support above $0.47 and breaks above $0.52, consider entering long with a target towards the $0.60 resistance. Bearish Entry: If the price breaks below $0.47 with strong volume, it could signal further downside to the $0.40 support, allowing for a short-term short trade. Stop Loss: Long Trades: Place a stop loss below $0.47 to avoid major downside risk if support fails. Short Trades: For bearish trades, consider a stop loss just above $0.52 to minimize loss if the price reverses. Profit Targets: Primary Target: $0.60 for bullish trades, as this has been a recent resistance level. Secondary Target: In case of a strong breakout above $0.60, look for additional upside targets at $0.70 or higher. For Short Trades: The target could be around $0.40 if bearish momentum continues. Risk Management: Risk-Reward Ratio: Aim for a minimum risk-reward ratio of 1:2 to ensure favorable trade conditions. Position Sizing: Based on volatility, consider allocating a smaller position size to manage risk effectively, especially given the recent pullbacks. Monitoring: Watch for signals from the VMC Cipher B and HMA Histogram. A positive HMA Histogram and bullish divergence on VMC Cipher B would be strong confirmation for a long position. Keep an eye on the volume; increasing volume on upward moves would reinforce a bullish stance, while high volume on down moves may indicate a need to exit or go short.
Long
by elfabiiani
3