FWOGUSDT: Approaching the Turning Point – What’s Next?FWOGUSDT is trading at $0.12006, hovering just above its absolute low of $0.11783, established only hours ago. This marks a staggering -84.6% retreat from its absolute high of $0.78189, reached just 72 days prior. With RSI14 dipping to 29.42, the asset is entering oversold territory, raising the stakes for a potential reversal or a continuation of the bearish trend.
A surge in sell volume, as confirmed by recent VSA patterns, highlights increasing market activity amidst uncertainty. The asset is also testing critical resistance at $0.13946 while struggling to break above the 50-day moving average of $0.15193, emphasizing the importance of this consolidation phase.
Is the market setting the stage for a bullish rebound or bracing for deeper lows? With macroeconomic factors such as volatile liquidity conditions and heightened market sentiment, the next move could offer opportunities for both traders eyeing quick scalps and investors seeking long-term positioning.
The big question remains: Are you ready to seize the moment, or will this opportunity pass you by? Stay tuned as we dive deeper into the technicals and strategies for this critical juncture.
Roadmap: Tracing FWOGUSDT’s Path Through Pattern Dynamics
FWOGUSDT has had a whirlwind of activity in recent trading sessions, as highlighted by a sequence of critical patterns. Below, we’ve broken down the roadmap of these patterns in order of their emergence, filtering only the ones that delivered accurate directional moves based on the previous pattern’s main direction.
Pattern 1: Increased Sell Volumes (Jan 21, 18:00 UTC)
The market initiated a significant sell wave, closing at $0.21192 after an open of $0.22732, marking a notable drop. The main direction was clearly bearish, and this pattern laid the groundwork for subsequent sell-offs.
Pattern 2: Buy Volumes Takeover (Jan 23, 20:00 UTC)
Despite a brief bullish attempt that pushed the price to a high of $0.16481, the market turned back to bearish territory, aligning with the previous sell-off. This confirms the direction set earlier, showing the strength of sellers.
Pattern 3: VSA Buy Pattern Extra 1st (Jan 25, 00:00 UTC)
Here, the market attempted a reversal, with a closing price of $0.12599 and a high of $0.13648. While buyers showed strength, the follow-through failed as the price closed lower in subsequent sessions. This indicates the struggle of bulls to reclaim control.
Pattern 4: Increased Sell Volumes (Jan 25, 02:00 UTC)
The most recent sell-off, aligning perfectly with the earlier bearish direction, confirms the dominance of sellers. With a low of $0.11783, FWOGUSDT reached its absolute bottom. This marks a critical juncture for traders.
Key Takeaways
The bearish trends dominated, with multiple sell patterns confirming the overall downtrend.
Bullish patterns showed potential but failed to break critical resistance, indicating weak momentum.
The most recent bearish breakout to $0.11783 highlights the market’s vulnerability at these levels.
What’s Next?
Investors and traders should watch for sustained price action at critical support zones. Will the bulls finally stage a comeback, or is more downside ahead? Follow the roadmap to stay in tune with the market's rhythm!
Technical & Price Action Analysis: Key Support and Resistance Levels
When it comes to navigating the FWOGUSDT price action, the key levels below are your bread and butter. Let’s break it down:
Support Levels
These zones are where buyers are likely to step in. If the market doesn’t respect these, expect them to flip into resistance faster than you can blink:
$0.11783 – This is the absolute low. If broken, we’re diving into uncharted waters.
$0.29444 – A strong psychological area to watch if prices stage a rally from current levels.
Resistance Levels
Here’s where sellers are holding their ground. Break these, and the bulls might just get the upper hand:
$0.13946 – The first line of fire for any upward push.
$0.19064 – A significant hurdle for medium-term bulls.
$0.23757 – Beyond here, the market might just start cooking.
$0.25695 – The final boss level for this structure.
Powerful Support Levels
These are your safety nets if the market wobbles. But if they give way, you’re looking at resistance zones in the making:
$0.29444 – Not just a level, but a fortress for the bulls to defend.
Powerful Resistance Levels
While none were detected in this cycle, keep an eye on the levels above as potential magnets for price.
Pro Tip: If these levels don’t play out, the market could be flipping the script, turning support into resistance or resistance into support. Keep your eyes peeled and trade smart!
Trading Strategies Using Rays: Optimistic and Pessimistic Scenarios
The "Rays from the Beginning of Movement" concept provides traders with dynamic levels derived from Fibonacci principles. These rays form a predictive framework, guiding price action from one ray to the next. Interactions between rays and moving averages (MAs) further confirm key market zones. Let’s dive into the strategy.
Concept Overview
Rays and Fibonacci: Rays are constructed at precise angles that correlate with the start of a trend.
Dynamic Levels: The rays adjust to new patterns, providing an updated roadmap for price movement.
Key Interaction Points: Trade entries are based on price reactions to rays, confirmed by interaction with MAs.
Directional Flow: Price moves from one ray to the next, making each ray a potential trade target.
Scenarios and Strategies
Optimistic Scenario
This assumes the price successfully interacts with a ray, confirming bullish momentum.
Initial Entry Point: Interaction at support ray near $0.11783 (absolute low).
First Target: $0.13946 (next ray and first resistance level).
Second Target: $0.19064 (medium-term ray resistance).
Confirmation Tools: Price above MA50 ($0.15193) signals upward momentum.
Pessimistic Scenario
In this scenario, the price interacts with a resistance ray and begins to reverse, confirming bearish sentiment.
Initial Entry Point: Rejection at resistance ray near $0.13946.
First Target: $0.11783 (absolute low and ray support).
Second Target: $0.29444 (long-term powerful support zone, now acting as resistance).
Confirmation Tools: Price below MA50 ($0.15193) reinforces a downward trend.
Suggested Trades
Bullish Trade Idea :
Enter long at $0.11783 after confirmation of ray support and MA interaction. First target $0.13946, with stop-loss below $0.11700.
Bearish Trade Idea :
Enter short at $0.13946 upon rejection. First target $0.11783, with stop-loss above $0.14000.
Scalp Trade Idea :
Trade between $0.13946 and $0.19064 for quick profits within the ray structure, confirming movement via the MA50.
Final Thoughts
Dynamic rays and MAs act as a dual system for identifying actionable trades. Always enter after a confirmed interaction and let the price move between rays for optimal profit opportunities. Adapt to new ray formations and keep an eye on volume surges for added confirmation. This strategy offers precision for both cautious and aggressive traders.
Your Feedback and Ideas Matter!
Hey traders, thanks for taking the time to explore this analysis! If you’ve got questions or ideas, don’t hesitate—drop them in the comments. I love seeing your thoughts and will do my best to respond to everyone.
If this idea resonates with you, hit Boost and save it to your favorites so you can revisit it later and track how the price moves along my levels. This is the cornerstone of successful trading—understanding the points where trades can be made with confidence.
For those curious about my indicator-strategy, it automatically plots all the rays and levels, simplifying your analysis. While it’s available privately, feel free to DM me if you’re interested in using it—I’m happy to share details.
Need a custom analysis for your favorite asset? Let me know in the comments! I’m open to doing some for free and posting them here, or working on something private if you’d prefer to keep your ideas exclusive. The rays work on any asset, and I can craft a personalized layout just for you.
And of course, if you’d like to see more of my work, follow me here on TradingView. This is where I post all my articles and strategies, so don’t miss out!
Trade smart, stay curious, and let’s keep the conversation going! 💬📊
Harmonic Patterns
You are being blinded by your own false hopeXRP will go up in 2025 because its in a triangle and back in 2017 it was also in triangle. It will go to 30% of total crypto cap. Is this how simple your brain is, everyone? You care not to learn form history?
The XRP of 2024 has NO LOADING ZONES for what is required for the gigantic 1000x move. Open your eyes. CRYPTOCAP:DOGE , CRYPTOCAP:SHIB , $XYO, CRYPTOCAP:HBAR all have them. XRP today does NOT. Your want and hope is what will kill you.
GBPCAD BEARISH 100PIPS SHORTTechnical Analysis:
Resistance Levels: Identify recent resistance areas where price has struggled to break through. For instance, if GBP/CAD has recently failed to break above a certain level (e.g., 1.7000), this could act as a strong resistance zone where a pullback or short entry is likely.
Trend Indicators:
Moving Averages: Look for bearish signals such as the price crossing below a key moving average (50 or 200 period). A death cross (50 MA crossing below the 200 MA) could indicate a shift towards a bearish trend.
RSI (Relative Strength Index): If RSI is in overbought territory (above 70) and starts to turn down, it might signal an impending reversal.
MACD: If the MACD line crosses below the signal line, that could also indicate bearish momentum.
Price Action: Watch for reversal patterns like bearish engulfing, shooting star, or evening star formations near resistance levels. These can provide confirmation for a short trade.
SHPING 6h Chart Long for 270%?Figured i would publish this idea on SHPING since i just got done working on it. Not Financial Advice, Im not a Financial Advisor.
That being said I personally am loading up in discount orange, scalping carefulling in yellow, and offloading in green while preparing for the big move.. if it ever happens of course.
Have Fun and Trade Safe!
Ethereum on the RiseThe ETH/USD chart shows a price increase following a consolidation phase. A strong support zone has been identified, which helped halt the previous price decline.
📊 Conclusion:
The support level around $3,045 appears to be quite reliable. If this trend continues, ETH has a good chance to rise further toward the outlined targets.
🟢 Buy Zone:
$3,100 - $3,200
🎯 Take-Profit Targets:
1️⃣ TP1: $3,643
2️⃣ TP2: $4,169
3️⃣ TP3: $4,977
🛑 Stop-Loss:
$3,045
🔝 Entry Idea:
Risk/Reward = 4.5:1
Dow Jones - Trading 2025 Is Pretty Clear!Dow Jones ( TVC:DJI ) will create another green year:
Click chart above to see the detailed analysis👆🏻
For the past 15 years, the Dow Jones has been respecting two significant rising trendlines. With each of the previous cycles being around +80% and corrections always starting with the new year, everything is pointing towards another phenomenal stock market year.
Levels to watch: $50.000
Keep your long term vision,
Philip (BasicTrading)
GOLDGold's drop from the strong supply roof of $2,785.40 today could be attributed to several factors
Technical Analysis
1. Supply Roof Resistance: The $2,785.40 level acted as a strong resistance, causing gold to bounce back.
2. Overbought Conditions: Gold's recent rally might have led to overbought conditions, making it susceptible to a correction.
3. Profit-Taking: Traders might have taken profits after the recent surge, contributing to the drop.
watch 2760-2765 and 2758 for 100 pip buy take home.
BTCduring last 3-4 months all the market each week was yelling that btc will go short, again and again, but here we are having a very strong position.
i am very curious to wait Monday and watch how the market will start the new financial week.
will it be a strong position to run long ????
lets wait to see..
enjoy the weekend everybody.
Closing my Selling orders at 120 pipsXAUUSD Closing my sell orders at 130 pips profit at weekly candle closing.
As discussed throughout my yesterday's and Today's commentary.
I have engaged selling order at 2782 and my optimal Target was 2768 and in extension 2763 as i closed my first attempt at 2774
Also i have closed my re-sell order ($2783-2782) on a fine 70 pips at 2774.
Bitcoin Distribution PhaseThe safety trade appears to be unraveling, with Bitcoin showing clear signs of topping out as it moves through a distribution phase. Chart analysis supports this, and the narrative among Bitcoiners has shifted following President Trump’s emphasis on supporting all digital assets and U.S. companies, rather than positioning BTC as a strategic reserve.
This marks a pivotal shift in market sentiment. Many had hoped for Bitcoin to play a central role, but the focus on a broader digital asset ecosystem has left some investors disappointed. While this may take time to fully digest, I believe this narrative, combined with technical indicators flashing bearish signals, sets the stage for a rotation out of BTC and into altcoins.
Altcoin momentum could gain further traction as investors seek opportunities in projects aligned with a more diversified digital future. As we continue monitoring price action, this could be the catalyst the market has been building toward.
SOLANA NEEDS SOME CORRECTION !#SOL is in an up trend there is a same pattern in solana as gold in years ago i think the leadership of memecoins is in solana and bnb hands !
but for now IT NEEDS A BREAK !
there is an obvious bearish pattern in lower time frame that tells us a correction is indeed
check these out