EURO - Price can correct to support area and then bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded between $1.0460 level and top part of flat.
Later, when price reached top part of flat again, it turned around and started to decline, and soon broke $1.0460 level.
Price exited from flat and continued to decline in falling channel, where it some time traded near resistance area first.
Next, Euro dropped to support level, after which at once bounced up to resistance line of channel and then fell back.
Also, price fell to support line of channel, but soon backed up and now trades close to $1.0260 level.
In my mind, Euro can fall to support area and then bounce up to $1.0380 support line of falling channel.
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LONG
NAS100 Will Go Higher! Buy!
Please, check our technical outlook for NAS100.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 21,543.12.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 22,044.19 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.
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SILVER Will Go Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 30.469.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 31.385 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPJPY Is Very Bullish! Long!
Here is our detailed technical review for GBPJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 190.065.
Considering the today's price action, probabilities will be high to see a movement to 191.727.
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.
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NQ1! BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
NQ1! is making a bearish pullback on the 9H 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 21,655.25 level.
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US INAUGURATION & BTCAs the second Trump era begins, this is how Bitcoin looks:
- BTC new ATH in the run up to inauguration and highest ever weekly close. I believe this was in anticipation for Trumps acceptance speech to mention Bitcoin and or the strategic reserve. That did not happen and so we've seen a selloff wick down to Midpoint with price settling at 0.75 in the range.
Typically, wicks get filled and so I would like to see price steadily reach the midpoint and then begin to show some strength before looking to go LONG. That all changes if we see a crypto specific executive order signed in the coming hours/days we should then see a move back to the highs.
- 4H 200 EMA is always an important level for the Bullrun, the vast majority of altcoins are under the 4H 200 EMA thanks to liquidity being drawn out into BTC and Solana memecoin craze.
- Bitcoin is still leading the greater market but I do expect rotation into strong US based altcoins within the next few weeks going into the later part of Q1. Some key alts that fit that category are SOL, SUI, LINK, ONDO, XRP, ENS, and many more.
It's important to remember this is a marathon not a sprint and I fully expect progress to be made but it may not be linear, until we have broken out of the range in the chart and move into a clear trend environment BTC should be treated as such by trading instead of buying and holding.
ABBV - Are you Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ABBV has been in a correction phase and it is currently approaching the lower bound of the red and blue channels.
Moreover, the green zone is a strong round number $150 and structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ABBV approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
xrp ripple long longterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
20/01/25 Weekly outlookLast weeks high: $106,467.97
Last weeks low: $89,292.15
Midpoint: $97,880.06
The Trump era begins...
January 20th 2025 is the date in which America sees its new Republican administration take office. An administration that has promised to embrace crypto instead of demonise it, one that wants the future of crypto to be built in the US, so far Trumps picks for SEC chairman and other important related roles have reflected that pro-crypto belief.
However, launching a $TRUMP memecoin and the subsequent $MELANIA memecoins just moments before inauguration in my opinion is a very bad start. Not only did the launch of TRUMP draw out liquidity from the altcoin market, it also damages the broader market just from an optics point of view. The general publics perception of crypto is it's full of scams, pump and dumps etc so to try and change the general publics mind the answer is to... Launch a memecoin...
Now I'm fully aware Donald Trump himself probably has very little to do with this, just like most celebrity memecoins but I just don't see how this is a positive start for the administration in proving their pro-crypto stance.
Bitcoin did have its highest weekly close of all time @ $106,500, which was $2000 higher than the previous ATH. +20% move from weekly low to high in anticipation for the potential Bitcoin strategic reserve announcement. Avoiding a SFP similar to that of week commencing January 6th will be a priority for BTC, we are in a rangebound environment so a SFP can have the potential to drop back down and undo a lot of the previous weeks progress. Until BTC breaks the rangebound environment and begins a trending move I will treat it as such.
For this week I'm keeping a close eye on the Liberty Financial portfolio (ETH,AAVE,LINK,ONDO,ENS) & US based majors (SOL,SUI,AVAX, ADA, STX,INJ) etc. The play is definitely coins that will be directly influenced by this new US administration, at least for now I cannot see any liquidity go towards any other coins for the time being.
DXY Will Move Higher! Buy!
Here is our detailed technical review for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 109.412.
Considering the today's price action, probabilities will be high to see a movement to 110.871.
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!
GOLD Is Bullish! Long!
Take a look at our analysis for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 2,706.25.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPNZD Is Going Up! Buy!
Here is our detailed technical review for GBPNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2.174.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.200 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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GOLD - Price can fall a little and then continue to move up nextHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price dropped from $2705 level and fell to $2536 points, breaking $2610 level and entering to triangle.
In this pattern, price at once made an upward impulse to resistance area and then made correction movement.
After correction, price some time traded near $2610 level and then exited from triangle and rose back to resistance area.
Then Gold turned around and dropped to support area, after which started to grow inside a rising channel.
In channel, price broke $2610 with $2705 levels and now trades very close to $2705 level in resistance area.
So, I think that Gold can fall a little below than support level and then continue to grow to $2750 points in rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 110.323 level.
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$PDD has 50-60% upside from $100- NASDAQ:PDD has solid growth and temu is currently launching into new regions with TAM increasing with each entered zone.
- Chinese equities are dirt cheap and have performed badly in last 4 years. Trump was seen as detrimental for chinese equities. However, I will play the devil's advocate here and say Trump will be good for China. If US wants to prosper then it's better to sort deals and grow together vs making china as enemy economically.
- Lot of companies of US have manufacturing in China and Chinese consumers especially middle class is getting stronger thus offering selling opportunities for US companies.
- China will ease monetary policy to revive the demand and consumption which should boost economy
EURUSD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0239
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0318
Recommended Stop Loss - 1.0201
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK