Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀
LONG
BITCOIN Is Going Up! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 76,455.27.
Considering the today's price action, probabilities will be high to see a movement to 78,368.39.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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HelenP. I Bitcoin will correct to support zone and continue riseHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the trend line and then at once rebounded up and rose to support 2, which coincided with the support zone. Soon, the price broke this level, made a retest, and continued to grow, but later turned around and made a correction movement to support 2. Then, BTC tried to grow again but made a correction one more time to the trend line, and then it finally started to rise. In a short time, BTC grew to support 1, which coincided with one more support zone, some time traded near and then dropped to the trend line. Price some time traded between this line and later made a strong impulse up, breaking support 1 and even rising higher than the support zone. At the moment, the price continues to move up and I expect that BTCUSDt will correct to the support zone and then continue to move up. For this reason, I set my goal at 77400 points. If you like my analytics you may support me with your like/comment ❤️
Gold can make small correction and then continue to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago entered to wedge, where it at once rebounded from the resistance line and started to decline to the support line. When the price dropped to this line, it broke the 2650 level, after which later, Gold started to grow and in a short time backed up to the 2650 level. Soon, the price broke this level one more time and then made a retest, after which continued to move up. In a short time price rose to the resistance level, which coincided with the seller zone, and then started to trades between the 2740 level. Later, the price broke this level and rose to the resistance line of the wedge, and even exited from this pattern. But then it dropped to the seller zone, some time traded inside, and then made a downward impulse to the buyer zone, breaking the 2740 level. After this, Gold started to grow and now it continues to rise to this day. So, in my mind, Gold will little correct and then continue to move up to the 2740 resistance level. For this case, my TP is at this level. Please share this idea with your friends and click Boost 🚀
EURUSD On The Rise! BUY!
My dear friends,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0720 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0793
Recommended Stop Loss - 1.0687
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USOIL: Growth & Bullish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USOIL chart which, if analyzed properly, clearly points in the upward direction.
❤️ Please, support our work with like & comment! ❤️
EURNZD Will Grow! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.795.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.822 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Bitcoin, BTC, You're not Bullish enough... $400k, $600k, $1.5mCan you feel that? the weight has been lifted...
With Trump winning the election expect BTC to rally. Hard. Garry Gensler? Day 1, gone. Elizabeth warren, powerless. Larry Fink - the CEO of the worlds largest asset manager is calling BTC a "flight to safety", saying "it's bigger than any government" & "its digital gold"...
The stars have aligned, we're all set for cryptos version of the .com rally...
Key Points
Trump won the election - extremely bullish for bitcoin
Trump has said the US Gov will not sell the BTC &
This will form the foundation of a BTC Strategic Reserve
Day 1 he will fire Gary Gensler
He wants to make America the global leader of crypto
Larry Fink - "flight to safety", "it's bigger than any government", "its digital gold"
2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later
1.618 pitchfork marked the 2017 top
First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top
1.236 pitchfork boundary marked the first top in 2021
& the 1.0 pitchfork boundary marked the secondary high in 2021
First Algo target from 2020 - 2021 at about $126,000
Second Algo target from 2020 - 2021 at about $372,000
Second Algo target from 2015 - 2017 at about 395,000
1.382 Pitchfork boundary in confluence with algo targets for a November top
1st target for the 3rd wave comes in at $563,000
1:1 range expansion from 2011 - 2013 at $608,000
2.0 pitchfork boundary in confluence with algo target in September
2nd target for the 3rd wave at $1,500,000 by June 2026
The Trade?
Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day.
Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance.
Remember to self custody, "not your keys not your crypto".
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BTC DOMINANCE After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a very important to this current rally.
I could see BTC dominance dropping to 59.5% before any continuation (bottom of the trend channel) higher and that's not particularly from a BTC selloff although that is possible as a SFP, but more likely is just BTC staying where it is and altcoins making up some ground.
RSI has dropped out of the oversold zone with this daily candle, a cool off is eventually inevitable as long as price stays flat while RSI cools it's very bullish.
A lot of that altcoin move needs to be from ETH imo, with BTC @ ATH Ethereum is 72% away from ATH... A massive difference and one that should close up going into Q1 2025.
The standard process for a crypto bullmarket is:
BTC --> ETH --> LARGE CAPS
--> MID CAPS --> SMALL CAPS
So far we're clearly still in the BTC phase, keeping a close eye on the ETHBTC chart to see if the momentum shifts towards Ethereum but that doesn't seem likely until next year at the earliest.
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 198.124 level.
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Bitcoin, BTC, Large Footprints say Higher Sir. Once you see this, it can't be unseen...
How do large players build large positions? They shake you out and take yours.
Think about it; where do you place your long stops? below the previous low? perfect.
See what the large players did here? they kept the shorts in play, while running the long stops 4 times, each time stopping out your longs and building their longs. What happens next? maybe one last little shake.. then send it.
shorts need to cover and now sidelined players need to enter new positions, all adds fuel to the long.
This is a bull flag re-accumulation pattern. But think bigger, as fiat currency continues to inflate, your purchasing power continues to melt like an ice cube... that makes this is a long term trade.
The Trade?
Do everything you can to acquire as much spot Bitcoin as you can, then diamond hand it as long as you can. This is going much higher.
Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance. See the linked chart for those targets.
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
AUDUSD Will Go Up! Long!
Please, check our technical outlook for AUDUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.664.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.668 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EUR/AUD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/AUD is trending up which is evident from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a beautiful trend following opportunity for a long trade from the support line below towards the supply level of 1.639.
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EURUSD The Target Is UP! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.0782 pivot level.
Bias - Bullish
My Stop Loss - 1.0748
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.0842
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 166.084 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Bitcoin is both a bullish flag and a cup-and-handleBitcoin is currently displaying both a bullish flag pattern and a cup-and-handle pattern, signaling a strong confirmation of a bullish trend. These patterns, especially when seen together, often indicate solid upward momentum and are widely recognized as bullish reversal signals. With Bitcoin entering its 4-year cycle phase, traditionally marked by significant price growth, the technical indicators align favorably for potential long-term gains.
Additionally, recent news and market developments are reinforcing the positive outlook, supporting the upward trend. This combination of technical signals and external factors could attract more investors, sparking renewed confidence in Bitcoin’s next major rally. As anticipation builds, these signals may well mark the beginning of a substantial growth phase, capturing attention from both seasoned investors and new entrants looking to capitalize on this momentum.
ARTY/USDT STRONG BULLISH BIAS|LONG|
Hello, Friends!
Bitcoin made a new ATH with a strong bullish breakout so it is expected to keep growing mid-term, which means that it is the right time to buy altcoins again, to make good use of the coming Altcoin rally.
ARTY is a promissing coin that has already made a strong bullish rebound from the horizontal support level below at 0.356 and has already gained more than 35% from the lows which reinforces our bullish bias.
But ARTY has an even greater potential for growth in the near future with the next key structure being 0.808 level above which would give you a more than 50% gain on your capital if you bought the coin right now.
The coin has strong fundamentals on its side as well, as the founders have confirmed it's future presence in Epic Games, XBOX and PlayStation stores , which will certainly boost the demand for this coin.
All in all I think ARTY is a great long trade for both short-term Altcoin rally and a more long-term investment oriented purchases too!
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Shopify: Commerce SuccessShopify continues to dominate the e-commerce platform space, making significant strides in expanding its ecosystem for businesses of all sizes. As the company integrates more deeply into social media and international markets, Shopify is well-positioned to benefit from both consumer demand and business needs for seamless online selling. This strong presence in the global e-commerce sector makes Shopify a compelling investment for those looking to capitalize on the continued shift to online retail. NYSE:SHOP
Financial Performance
Revenue Growth: Shopify reported revenue of $2.05 billion for Q2 2024, representing a 20.7% year-over-year increase. The company’s annual revenue is on track to exceed $7.76 billion in 2024, up 23.18% from the previous year. This strong growth has been driven by the expansion of its merchant solutions and Shopify Payments
Earnings Beat: Despite macroeconomic headwinds, Shopify has maintained its profitability, with earnings coming in stronger than expected for several quarters. Analysts have upgraded the stock, citing its ability to continue growing in a competitive space
Cash Flow: Shopify’s cash flow has remained robust, driven by its diversified revenue streams, including subscription solutions and payment services, allowing it to reinvest in international expansion and new technologies.
Strategic Expansion & Innovations
Social E-Commerce & Partnerships: Shopify has expanded its integration with social media platforms like YouTube, allowing more merchants to embed shopping experiences into video content. This positions Shopify to capture more sales in a fast-growing segment of e-commerce
Cloud Infrastructure: The company continues to invest in improving its cloud-based infrastructure, allowing it to scale efficiently as more merchants come onboard. Its Shopify Plus platform, designed for larger enterprises, has seen significant growth.
International Expansion: Shopify has continued its aggressive expansion into international markets, particularly in Europe and Asia, increasing its merchant base and revenue potential globally.
Technical Analysis
Stock Performance: Shopify’s stock has rebounded strongly from its lows earlier in the year, trading at $78.68 as of September 2024. This represents a 4.6% increase from the previous week. With a price target now upgraded to $99 by some analysts, there’s potential for a continued upward trend
Valuation: Shopify’s price-to-sales (P/S) ratio is around 13.04, which, while high, is justified by its strong revenue growth and market-leading position. This suggests that investors are paying a premium for its potential to continue expanding rapidly
Fundamental Perspective
Shopify is one of the most compelling plays in e-commerce and SaaS. While it doesn’t currently pay a dividend, its high growth rate, strong financial performance, and strategic innovations make it an attractive investment for those looking for exposure to digital commerce.
Upcoming Earnings Dates
Q3 2024 Earnings: Expected November 2, 2024
Q4 2024 Earnings: Expected February 5, 2025
Shopify’s continued focus on social commerce and international growth makes it a strong buy for long-term investors, particularly those looking to ride the wave of e-commerce expansion globally.
$78.68 NYSE:SHOP
BITCOIN Will Go Higher From Support! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 70,210.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 74,252 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
TIA/USDT 4H Celestia is a project that has a lot of potential this Bullrun, we saw an early surge in the beginning of the year once the project was released nearly one year ago. A modular blockchain network, first of its kind is an exciting new technology and we've seen how well new projects do during their first Bullrun often outperforming their older rivals.
I would like to see the bullish pennant formation playing out now. The bearish downtrend breakout caused by a republican victory results in a breakout & retest of the BULLISH OB as new support. Now a bullish pennant has formed midway up the mini range, normally this is a continuation pattern and with the bullish narrative in play I think it's probable we see this pattern play out fully with the resulting rally hitting resistance around the $6 mark (BEARISH OB).
IF deciding to take the trade once the parameters are met a conservative 2.25R trade is in play , once the first TP is hit the larger SL can be moved to Break Even . I do believe that TIA continues to move beyond the $6 mark however there is a lot of resistance there for now. A separate trade outlook will be needed to tackle that area.
GBPJPY Massive Long! BUY!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The price is coiling around a solid key level - 197.38
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 198.07
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK