Potential Movement to LEG B upon Channel BreakoutWhen analyzing the BTC/USDT chart, we observe a critical price action pattern. The chart highlights a price channel currently being tested. If the price successfully breaks above this channel, there is a high likelihood of the price moving towards LEG B, marked on the chart.
Channel Breakout: The resistance of the price channel is a significant level to monitor. A breakout above this level would indicate bullish momentum.
Target LEG B: Post breakout, the next potential resistance zone or target lies at the price level indicated by LEG B.
Risk Management: As always, traders should exercise caution, set proper stop-loss levels below the breakout zone, and consider the overall market sentiment.
Support Levels: The orange lines on the chart represent key support zones at approximately 99,710.97 and 98,997.03.
Entry Point: A confirmed breakout above the channel would serve as an ideal entry signal for a long position.
Indicators: Complement this analysis with volume indicators to confirm the strength of the breakout.
This setup provides an excellent opportunity to capitalize on the breakout. However, remain vigilant as false breakouts are always a possibility.
Longsetup
Comments on gold price and CPI todayComment:
Gold prices have recovered from their lows this week as weak US PPI data boosted expectations of a Fed rate cut.
Meanwhile, potential tariffs proposed by Trump could weigh on inflation dynamics, weighing on gold prices and market sentiment.
The rebound was driven by hopes of a looser monetary policy, with attention shifting to the CPI report later today. A weaker CPI reading could further bolster the case for a rate cut.
Market sentiment and inflation:
Gold is often seen as a safe-haven asset and a hedge against inflation. If CPI declines significantly, this could reduce demand for gold as a hedge against inflation. However, if CPI declines are accompanied by signs of economic uncertainty, gold prices could still rise due to safe-haven sentiment.
Synthetic:
• If CPI declines amid a healthy economy and a stronger US dollar, gold prices could fall.
• If CPI falls along with expectations of Fed easing or concerns about a weakening economy, gold prices could rise.
Set Gold price range:
Buy Gold Range: $2647 - $2645 SL: $2640
TP1: $2652
TP2: $2657
TP3: $2662
Sell Gold Range: $2685 - $2687 SL $2691 ( European sessions )
TP1: $2680
TP2: $2676
TP3: $2670
Sell Gold Range: $2697 - $2699 SL $2704
TP1: $2692
TP2: $2687
TP3: $2680
XAU ! Scalping ! break trend price increase towards 2700⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Eased concerns over US President-elect Donald Trump's proposed trade tariffs have bolstered investor confidence, as reflected in the generally positive sentiment across equity markets. Additionally, the strong US jobs report has reinforced expectations that the Federal Reserve will pause its rate cuts later this month.
This has kept US Treasury bond yields elevated, which could limit traders' appetite for aggressive bullish positions on non-yielding Gold. Attention now shifts to upcoming US consumer inflation data for fresh market direction.
⭐️Personal comments NOVA:
M15 short term frame - shows price broke 2680 zone and is trending up stronger
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2697 - $2699 SL $2704
TP1: $2690
TP2: $2680
TP3: $2670
⭐️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
FLOT 1D Long Investment Trend TradeTrend Trade
+ long impulse
+ T2 level
+ support level
+ 1/2 correction
+ biggest volume 2Sp+?
Calculated affordable stop limit
1 to 2 R/R take profit
Monthly countertrend
"- short impulse
+ volumed T1
+ 2Sp+
+ bigger volume on test"
Yearly context
"+ long impulse
- correction"
WIF ANALYSIS🚀#WIF Analysis :
🔮As we can see in the chart of #WIF that there is a formation of "Falling Wedge Pattern". In a daily timeframe #WIF broke out the pattern. Expecting a bullish move in few days after the breakout of major trendline.
⚡️What to do ?
👀Keep an eye on #WIF price action. We can trade according to the chart and make some profits⚡️⚡️
#WIF #Cryptocurrency #TechnicalAnalysis #DYOR
SWING IDEA - BALAJI AMINESBalaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade.
Reasons are listed below:
Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound.
0.618 Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often referred to as the "golden ratio," suggesting a likely reversal or continuation of the uptrend.
Bullish Marubozu Candle on Weekly Timeframe : The recent weekly candle is a bullish marubozu, characterized by little to no shadows, indicating strong buying pressure and potential for further upward movement.
Support from 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages, providing strong support and confirming the long-term uptrend.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 2720 // 3030 // 3800
Stoploss - weekly close below 1875
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Bulls - Gold price increases! 2698⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices remain resilient despite elevated US real yields, which hover around 2.34%.
The US Dollar softened following the data release, with the Dollar Index (DXY) slipping 0.26% to 109.21. Meanwhile, the US 10-year Treasury bond yield held steady at 4.794%.
In December, the US Producer Price Index (PPI) rose 3.3% year-over-year, slightly below the anticipated 3.4%. Excluding volatile components, Core PPI increased by 3.5% annually, improving from November’s figures but falling short of the 3.8% forecast.
⭐️Personal comments NOVA:
Expected increase 2698, buying pressure is supported, sideway price zone 2670 to accumulate
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2647 - $2645 SL $2640
TP1: $2652
TP2: $2660
TP3: $2670
🔥SELL GOLD zone: $2697 - $2699 SL $2704
TP1: $2690
TP2: $2680
TP3: $2670
🔥SELL GOLD zone: $2684 - $2686 SL $2689 scalping ( Asian and European sessions)
TP1: $2678
TP2: $2674
TP3: $2668
⭐️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
NEARUSDT Long Spot Position / Follow for the UpdatesBINANCE:NEARUSDT
COINBASE:NEARUSD
📊 Position: LONG
The bullish scenario remains active as long as the price consolidates above the yellow zone (triangle). Any long shadow below this zone is considered an opportunity to buy the dip until the price starts to rise.
🟡 Leverage: 1x
📍 Entry: Near $4.70 - 4.80$
🎯 Targets:
TP1: $5.75
TP2: $7.35
TP3: $9.25
TP3: $11.75
🔴 Stop Loss: $3.342 (-14.89%)
HBAR on the Edge: Key Levels You Can't Miss!HBAR has been range-bound for over 40 days, trading between $0.3922 and $0.2341, following a rejection from the golden pocket zone. Let’s dive into the key resistance and support zones to identify potential trade setups.
Support Zone Analysis
Taking the entire bullish run from November, we observe the 0.5 Fibonacci Retracement at $0.2169, which aligns perfectly with the anchored VWAP from the November lows, providing a strong support confluence. Adding to this, the negative Fibonacci extension of the current downside wave places the -0.666 Fibonacci level at $0.21778, further reinforcing this zone.
Additionally, the lows around this area contain significant liquidity, likely targeting long-leverage positions, which increases the conviction for this support zone. The monthly level at $0.2217 also aligns with this area, making $0.217-$0.222 a highly reliable support zone for potential trade setups.
Resistance Zone Analysis
HBAR has recently broken below the yearly open level at $0.269, which now acts as a resistance.
For those who missed the previous short entry, price action near $0.269 presents another opportunity for a short trade if price rises to this level, confirming its resistance.
Chart Pattern & Volume Analysis
The structure shows an inverted cup and handle pattern. Volume has been in steady decline throughout this trading range, indicating a pause in bullish momentum.
Trade Setups
Short Trade
Entry: Around $0.269 (yearly open and key resistance zone)
Stop-Loss: Above $0.285
Target: Support zone at $0.217-$0.222
Long Trade
Entry: Around $0.217-$0.222
Stop-Loss: Below $0.210.
Target: Retest of the previous lows at $0.235
R:R: 2:1, making it a decent trade.
SCALPING ! GOLD ! Gold accumulates at price range 2670⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US President-elect Donald Trump has pledged to resolve the conflict in Ukraine and announced plans to meet Russian President Vladimir Putin "very soon" after assuming office next week.
The US has indicated progress toward a ceasefire deal, with Hamas reporting positive developments in negotiations. According to two Israeli officials, the agreement's first phase would involve Hamas releasing 33 hostages.
Meanwhile, investors await key US inflation data for further direction, starting with the Producer Price Index today, followed by consumer inflation figures on Wednesday.
⭐️Personal comments NOVA:
Price range 2665 - 2675 sideway waiting for PPI news today, uptrend is waiting ahead
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2656 - $2658 SL $2653 scalping
TP1: $2662
TP2: $2667
TP3: $2675
⭐️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
Gold adjusted down waiting for PPI today⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) saw some buying interest during the Asian session on Tuesday, recovering part of the previous day's pullback from near a one-month high reached last week. Reports suggesting that US President-elect Donald Trump's economic team is considering a gradual implementation of tariffs to avoid a sharp rise in inflation led to a slight retreat in US Treasury bond yields, offering support to the non-yielding metal. However, the recovery lacks a clear catalyst and is likely to remain limited due to expectations of a hawkish stance from the Federal Reserve (Fed).
⭐️Personal comments NOVA:
Short-term frame - need to adjust down to create liquidity, sideway has enough strength to increase more strongly
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2646 - $2644 SL $2639
TP1: $2652
TP2: $2660
TP3: $2670
🔥SELL GOLD zone: $2697 - $2699 SL $2704
TP1: $2690
TP2: $2680
TP3: $2670
🔥SELL GOLD zone: $2678 - $2680 SL $2683 scalping Asian and European sessions
TP1: $2674
TP2: $2670
TP3: $2665
⭐️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
Obx/UsdtBYBIT:OBXUSDT
"Right now, OBX is priced at 0.00005435 🪙 and it's holding up pretty well around the support level of 0.000049995 🛑. If it manages to stay above that, the next potential resistance levels to watch are:
🔝 0.00005432
🔝 0.000058654
🔝 0.0000660
If it breaks through these resistance levels, we might see the price go even higher! 🚀💥
Just a reminder, this isn’t financial advice. Always do your own research before making any decisions. 📊⚠️"
GOLD: Buy or Sell ?Dear friends, Ben here!
Gold begins the new week with a slight decline, retreating from the one-month high reached on Friday. Hawkish expectations from the Fed, rising U.S. Treasury yields, and a stronger USD are weighing on the precious metal in the short term. On the other hand, risk-off sentiment might provide support for the safe-haven pair XAU/USD and help limit further losses. :)
From a technical perspective, gold confirmed a bullish breakout from a month-long symmetrical triangle pattern on January 8, further reinforcing the ongoing bullish momentum. It is likely that the struggle will continue, and the price may retest the previously broken boundary or the liquidity zone at 2675–2665, which will determine the next phase of developments.
Resistance level: 2698
Support levels: 2685, 2665
The situation remains volatile, as numerous factors are exerting pressure on the price.
Accordingly: If, after the retest, buyers manage to hold the price above the 2680–2685 support zone, the upward momentum could continue in the medium term.
However, if the bullish support structure breaks and sellers push the price below 2680, this could trigger a correction down to 2665 or 2650 before the uptrend resumes.
US PPI news is the focus of market attention today.Gold prices gain slight upward momentum as US bond yields experience a modest pullback.
However, expectations of a hawkish Federal Reserve support USD strength, limiting gold's upward potential.
The robust US Nonfarm Payrolls (NFP) report released on Friday has strengthened predictions of a slower pace of rate cuts this year, boosting US bond yields and the USD. This continues to pressure the non-yielding gold market. Investors are now focusing on the upcoming release of the US Producer Price Index (PPI) for short-term direction later in the North American trading session.
SET GOLD PRICE
Buy Gold price range : $2646 - $2644 SL: $2639
TP1: $2651
TP2: $2658
TP3: $2665
Sell Gold price range : $2697 - $2699 SL: $2704
TP1: $2690
TP2: $2683
TP3: $2673
EURJPY → Consolidating before dropping to 157.00OANDA:EURJPY is under pressure. This currency pair has broken its local uptrend. In the context of weak fundamental and technical foundations, overall market pressure may be experienced.
On the global timeframe, the pair lacks a clear trend and has been trading mainly within the range of 166 - 156. A closer look reveals that the recent growth attempt failed near the intermediate high. As the price approached a local resistance level, it reversed and stabilized below the EMA, moving toward the lower boundary of the flat range.
Locally, a structural shift has confirmed the bearish nature of the market. However, before further declines, the price may form a corrective move. Using Fibonacci levels to measure this potential correction, the short-term levels to watch are 0.618 (161.75) and 0.5 (162.28). In the medium term, however, the decline may continue.
Rate, share your opinion and questions, let's discuss what's going on with OANDA:EURJPY :)
Regards R. Linda!
XLV Swing Long 1H Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ 1/2 correction
+ T2 level
+ biggest volume Sp
- resistance level
Calculated affordable stop limit
1 to2 R/R take profit before 1/2 of the Day
Daily Context
"- short impulse
- unvolumed T1
+ support level
+ volumed Sp"
Monthly Context
"+ long impulse
- SOS level broken
- far below 1/2 correction"
Yearly Context
"+ long impulse
- resistance level"
atom 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! 📊💡"