Quick Rally For 3030 Has Fallen to a High volume trading area reaching the point of control that could act as a strong support, added There's also a strong Hidden Bullish Divergence on the RSI that gives great indication that we could see a rally up from this daily support lvl (42,300) back to the "trend line" break & previous structure low,(Filling the sell side imbalance -FVG)
Confluences on This Trade
- Rejecting Daily support lvl 42,266
- Rejecting Demand zone
- @ 38.2 Fib Retracement
- Hidden Bullish Divergence (RSI)
- Buy Side imbalance fill
- Daily Volume Support
Lock in with your LTF Bullish Entry Signal,
WAIT FOR YOUR CONFIRMATION AND
**RISK ACCORDINGLY
Intro to the next possible move:
After this bullish move - price could reject the Trend line and previous structure low, then continue down.
**This bullish to bearish move would give price action a "Head and shoulders ish" Pattern on a HTF.
Caution on the Bearish Sell- we have high volume right below the 41,000 bank lvl that could act as a support.
with all of that being said the one thing that gives me great hesitation on the 2nd part of this move The "Bearish Sell" is the fact that this current pull back only brought price down to the 38.2 Fib lvl, so this could just be a minor pull back for a big Bullish continuation move.
Longsetup
GOLD → A reversal pattern for a further fallHello, my wonderful friends, Ben here!
Gold prices are currently testing key levels of interest during a corrective phase against the trend, following a breakout from a significant level. The fundamental backdrop is not particularly favorable, with the market under consistent downward pressure.
The bearish sentiment around gold is intensifying as U.S. Treasury yields continue to climb, and the USD strengthens toward the end of the week, reducing the appeal of the precious metal. Notably, the US Dollar Index has recorded its fourth consecutive week of gains, while the 10-year U.S. Treasury yield remains near its highest level since early May.
Looking ahead, the market's focus remains on the return of President-elect Donald Trump and the potential impact of his inflationary policies, which could have significant implications for the Federal Reserve's outlook in 2025. Stay cautious!
From a technical perspective, the price is currently trading within a short-term descending channel, formed after the termination of a rising wedge pattern. The outlook suggests a higher probability of further declines. The 2622 level is a critical threshold—if sellers maintain pressure below this zone, the downtrend could extend further, with potential targets at 2605 and 2596, among others.
Best regards,
Bentradegold!
Gold Prices Today (December 31): Broad Decline Across the BoardHello, dear friends! Ben here!
Spot gold has successfully climbed past the $2,600 mark during the U.S. trading session, continuing its retreat from Friday's peak of $2,638.
Driving the current sentiment is the U.S. dollar (USD), which gained strength as Wall Street opened amidst lackluster performance in local indices. Weak trading volumes further intensified the drop in equities, fueling a short-term rally in the USD. Yet, despite these temporary setbacks, the three major indices are on track to close another year with impressive gains.
Meanwhile, market participants are shedding high-yield assets as uncertainty looms over what 2025 may bring. The Federal Reserve (Fed) has signaled its intent to slow the pace of rate cuts, given that inflation remains stubbornly high. Adding to the tension, former President Donald Trump is set to return to the White House on January 20, with his anticipated protectionist policies likely to exacerbate inflationary pressures in the years ahead.
Given these dynamics, a bearish outlook on gold remains dominant in the short and medium term. Attention is centered around the 2,610 resistance level—so long as sellers defend this zone, gold appears poised to decline further, with potential targets in the 2,596–2,587 range.
What are your thoughts? Share your insights, forecasts, and questions—let’s explore the ongoing dynamics of XAUUSD together!
$LCID will be catapulted to $4.3-5 range- This stock has been beaten down as it failed to reach the masses.
- However, the cars are impressive in terms of technology and looks.
- Tesla model 3 & Y looks ugly in front of stylish Lucid motor's cars.
- A big reason why Lucid might have a good run way to go higher is because of Saudi funding. They have invested billions in this company and would be investing more.
- Lucid cars were sold to Police department of Soudi to further support the lucid.
- Recently, lot of hedge funds like DE shaw, Citadel increased their position in the company.
- Can it go to double digits?
- Maybe if there is a short squeeze
- Would it go to $5?
- Yes, Charts indicate that it should test $5
Solana Trying To Reclaim BullishnessThere's an ascending triangle under construction on the 4h of SOLUSDT.
Breakout confirmation to the upside would be a 4h close above 201, with a conservative target around 221 and a more aggressive one suggesting a retest around the 227 high.
A 4h close below 186 would invalidate the pattern.
FET ANALYSIS🔮 #FET Analysis - Both Side Scenario 🚀🚀
💲💲 #FET is trading in a Symmetrical Triangle Pattern. If the price of #FET breaks and sustain the higher price then will see a pump otherwise it will retest the support zone first and then a reversal can come in #FET📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#FET #Cryptocurrency #Support #Resistance #DYOR
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart 🧐
Pattern signals potential bullish movement incoming after a breakout.
👀Current Price: $4.845
🚀 Target Price: $5.333
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
ETH H&S Insight: Confluence Aligns for January ReversalOverview
On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower.
Key Technical Levels and Confluences
1. Support Zone for the Right Shoulder Formation
Primary Target Level: $2800 (aligned with the left shoulder structure).
Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions).
2. Anchored VWAP Analysis
Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low.
3. Fibonacci Retracement Levels (From the Impulse Wave)
Fib 0.666: $2941.12
Fib 0.702: $2877.99
Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal.
4. Fibonacci Extension Levels
From the Current Range:
Fib Extension Target: $2812.7, precisely aligning with the key level of $2800.
From the Higher Trading Range:
Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone.
5. Fibonacci Speed Fan
Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900.
This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup.
6. Psychological Level
The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level.
Trading Plan: Long Setup for the Right Shoulder
Support Zone: $2941.12–$2812.7
Primary Trade Setup:
Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal.
Scaling Strategy:
Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position.
Consider initial entries at $3000 as a psychological bounce is possible.
Confluence Highlights:
Anchored VWAP at $2900.
Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99).
Fibonacci extension targets (current range: $2812.7, higher range: $2893).
Fibonacci Speed Fan (0.7 level at $2900).
Historical structural alignment with the left shoulder at $2800.
Conclusion
ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
EURUSD: Short to medium term perspectiveHello everyone!
EUR/USD extends its gains for the third consecutive day, trading around 1.0430 during the Asian session on Monday, showing no signs of slowing down. The pair's upward momentum is likely driven by comments from European Central Bank (ECB) Governing Council member Robert Holzmann.
The next resistance levels to watch are 1.0445, followed by 1.0500 and 1.0530.
GOLD NEXT MOVE (expecting a bearish move) (30-12-2024)Go through the analysis carefully and do trade accordingly.
XAU/USD Analysis - December 30, 2024
Current Price: $2626
"If the price remains below $2642, the next targets are $2612, $2589, and there is a possibility of staying above $2550."
- POSSIBILITY 1:
Wait (as geopolitical tensions are worsening)
- POSSIBILITY 2:
Wait (as geopolitical tensions are worsening)
Best of Luck!
Always remember: Never risk more than 1% of your capital on any trade.
If you find this analysis helpful, please support us by liking and sharing this post!
Gold in short term uptrend ! end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) recover from recent losses during a subdued Monday session, with trading activity lighter than usual ahead of the New Year holiday. The precious metal finds support as markets await clarity on the US economy under the incoming Trump administration and the Federal Reserve's interest rate strategy for 2025.
Safe-haven demand for gold may strengthen if Donald Trump's proposed tariffs and trade policies heighten trade tensions, fueling risk aversion. However, expectations of fewer Fed rate cuts in 2025 could limit the metal's upward potential.
⭐️Personal comments NOVA:
Gold moves in uptrend H1, short term and sideways at the end of the year
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2635 - $2637 SL $2642
TP1: $2628
TP2: $2620
TP3: $2610
🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
UP "Please provide a meaningful and detailed description of your prediction..." Says Tradingview
Up. It go up. Why? Idono the same as you do or do not know. It's the simple things I think that makes dollars sound like soundness of mind. While lil Timmy has been working hard to get a few bucks to buy his favorite dog coin he heard about at lunch yesterday in middle school.
Asking a fool like me what to buy with his allowance. Who isn't looking for a return nowadays I guess even at 11 we need to make 1000x gainz because "10 years!?" "That's forever!" he and any other like minded person may say to me. I think all they heard was the "10 Year" Part...😋
Ya know? One things for sure we are all counting dollars when this or whatever thing you think will make you money moves up or down. Hummmmmm Maybe there's something to that whole I need a dollar thought?🤑
I bet it would be carzy to see the Yield on the 10 year US GOV Bonds run up to 16%.
What kind of future are we all living in when that happens??? Asking for this 11 year old thats asking me what the next best coin is from here....
YOLO Moonboyz 🌛 If you feel so inclined to do so.
🚽👄 Toilet Mouth: "Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT"
⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits.
⭐Let each person determine their cost to acquire and choice to play or not.
No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO"
Things 🤷♂️ #Fixed IDK!
🙏FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!""
I am The CoinSLayer 👨💻😈
You have been warned by The Coin SLayer!
P.S. Now witha bag!
P.S.S. well two or Ten
Gold → A Buying Opportunity or a Market Trap?OANDA:XAUUSD continuing to bring hope for buyers, trading inside the local upward channel resembles a flag on the backdrop of a local downtrend.
In the medium term, the dollar needs to be reassessed in the context of the Fed remaining supportive. This raises the question: What will happen to interest rates? Hold steady or increase? It must be understood that as Donald Trump prepares to return to the White House in January, the market will closely monitor U.S. economic data to forecast how the Federal Reserve will respond to anticipated inflationary pressures from administration policies, including tariffs, deregulation, and tax reform.
The focus remains on U.S. jobless claims data. Economists polled by Reuters forecast around 224,000 claims for the week ending December 21, up from 220,000 claims in the week ending December 14. If jobless claims figures rise significantly, this will put pressure on the USD, and the gold market may start trading with a slightly positive trend. And vice versa. However, Ben does not talk about growth based on these numbers. Theoretically, as prices approach strong resistance levels, selling pressure seems stronger. Be careful!
From a technical perspective, the price has the potential to rebound from any nearby strong level, which could lead to a subsequent decline. A key level to watch is 2620. If the bears manage to break this level and maintain their position below it, the overall selling pressure may intensify, likely resulting in a further price drop. The anticipated decline is expected to reach the range of 2,605–2,600 before setting up for any additional downward moves.
Best regards,Bentradegold!
Wishing everyone a joyful holiday season and a productive New Year 2025!
AAVE on the Rise: Heading to $360?All signs point to a strong upward move for AAVE, especially when compared to the Bitcoin short. It looks like AAVE is about to enter a steep positive phase. I’m positioning myself accordingly to take advantage of this potential upswing.
What do you think?
I’ll share more details soon.
Stay tuned, and I’ll catch you in the next one — peace!
BTC ANALYSIS🔮 #BTC Analysis 🚀🚀
💲💲 #BTC is trading in a Ascending Broadening Wedge Pattern. And we can expect a pullback towards its support area and then a pullbacks from support zone.
💸Current Price -- $93,780
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #DYOR
"ALGO: Bullish Breakout, Targets $1, $1.5, $2.5!"Given the price objectives which are specified—$1, $1.5, and $2.5—the chart offers prospective investors an intriguing opportunity. The research is broken down here to show the main elements that could draw in investors:
* Important Analysis Points:
1. **Recent Surge**: The price has just risen from a low point, suggesting that a bullish phase may be beginning in the market. When coupled by strong volume, as shown in the chart, the steep price gain may indicate a trend reversal or the beginning of a new bull cycle.
2. **Volume Confirmation**: The price increase is accompanied by volume spikes that provide additional evidence of robust purchasing demand, which is encouraging for prospective investors.A high volume frequently indicates the entry of institutional or sizable retail investors into the market.
3.EMA Crossovers: With the 50-day EMA above the 200-day EMA, which usually denotes a bullish trend, the chart displays both the 50-day and 200-day EMAs. Both long-term investors and momentum traders may be drawn to this crossover, which suggests that the market may keep rising.
4.Important Price Goals:
$1: A psychological level that can serve as a significant resistance point is the first target of $1. If this is broken above, more bullish activity may follow.
$1.5: The next resistance level is represented by this price goal. Significant upside potential might be triggered by a clear breakout above $1.5, which would draw in more investors and accelerate the trend.
$2.5: A significant resistance level from earlier highs is represented by the ultimate objective of $2.5. The asset may attract a lot of interest from investors if the price hits this goal, which might indicate a complete rebound of the previous bullish cycle.
5.RSI Indicator: At 44.41, the RSI indicates that the asset is not yet in an overbought state. Before the market gets too stretched, there is still opportunity for expansion. Investors can see this as a chance to get in before the price increases even further.
6.Possibility of Long-Term Growth: The general structure of the chart displays a significant accumulation phase that is followed by a breakout, which is a feature frequently observed in the early phases of a bull run. ALGO may have substantial upside potential over the next months, according to the price action and trend indicators, which makes it a desirable investment for both short- and long-term traders.
Investors' conclusion:
A comparatively low RSI, positive moving average crosses, and rising volume all contribute to the ALGO/USDT chart's strong bullish trend. Investors might profit greatly from the price goals of $1, $1.5, and $2.5—especially if ALGO breaks through these levels. Those who want to profit on the asset's momentum will find the current market structure intriguing, and the comparatively low RSI allows for additional growth before the market gets overbought.
This study can assist in making a strong case for ALGO/USDT investing to prospective investors by concentrating on certain key indicators.
CYIENT Trade Setup Analysis: Risk-to-Reward and Key ZonesThis analysis outlines a trade setup observed on the chart based on technical price action and supply-demand dynamics. Please note, this is not investment advice but a learning perspective. Below is a detailed breakdown of the idea:
Demand Zone (DZ):
A key demand zone has been identified in the range of 1869.65 - 1879.90, indicating a strong area where buyers stepped in previously, causing a significant price rally. This zone serves as a potential support area, providing a base for further upward movement.
Entry Point:
The suggested entry for this trade is at 1938.00, marked after the price successfully tested the demand zone and showed signs of bullish reversal. This ensures entering the trade as momentum shifts upward, reducing risk.
Stop Loss:
To manage risk, the stop-loss level is set at 1862.30. This level is placed slightly below the demand zone to account for minor price fluctuations while safeguarding capital in case the price breaks below the support zone.
Target Price:
The target for this trade is defined at 2090.00, providing a potential upside of 152 Rs. This level aligns with historical resistance or a logical area where profit-taking might occur.
Risk-to-Reward (RR):
The RR for this trade is calculated at 2.01, making it a favorable setup. This implies that for every unit of risk taken, there is a potential to gain more than 2x in returns.
Technical Signals:
Bullish Engulfing: A strong green candle emerged near the demand zone, signaling renewed buying interest.
Momentum Shift: Indicators suggest increased bullish momentum, aligning with the entry point for this setup.
Trend Continuation: Price action reflects higher highs and higher lows post-reversal, hinting at a potential continuation of the upward trend.
Key Considerations:
Always use proper position sizing to avoid risking more than you can afford to lose.
This analysis is shared purely for educational purposes, and no guarantee of success is implied.
External factors, such as market news or global events, may impact the setup's outcome.
Trade safely and continue learning!
Apple Stock W-Pattern: Another Bullish Entry on the HorizonOver the past few weeks, we’ve repeatedly seen the same W pattern forming in Apple’s stock. I believe the stock is still in an uptrend, and the next good entry point could be during the downswing of the second leg. I’m planning to open a long position.
Whether I’ll close this position at around $260 as a day trade or decide to hold it longer is something I’ll let you know soon. What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!
ACH ANALYSIS📊 #ACH Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending. We would see a good price moment in few weeks if breakout sustains here 🧐
👀Current Price: $0.02740
🚀 Target Price: $0.03150
⚡️What to do ?
👀Keep an eye on #ACH price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ACH #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
correction on my last post Solana Nearing $200: A Potential Day Solana is on the verge of hitting the $200 mark if there is a breakout. For day traders, this could be a great chance to lock in some profits. I’m planning to wait briefly after the breakout to see if it’s just a fake breakout. If the price continues to rise, I’ll open a long position and aim to close it at $200. My stop-loss is currently set at $183 and will be adjusted based on price action, so it eventually moves into positive territory.
What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!
Solana Nearing $200: A Potential Day Trader’s OpportunitySolana is on the verge of hitting the $200 mark after breaking out. For day traders, this could be a great chance to lock in some profits .
I’m planning to wait briefly after the breakout to see if it’s just a fake breakout. If the price continues to rise, I’ll open a long position and aim to close it at $200. My stop-loss is currently set at $183 and will be adjusted based on price action, so it eventually moves into positive territory.
What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!