FileCoin Bullish Start Wave 3 Weekly Renko July 2024File coin will likely start its wave 3 up July 2024.
Target 1 fib ext .618 at $102
Target 2 fib ext 1.27 at $201
Target 3 fib ext 1.618 at $255
Longtrade
BTC Bullish Wave 5 Up July 2024: This is the first week in july likely ranges until end of month and close July just under 54k to complete wave 4 on weekly and monthly renko time frames. Then starts wave 5 up to at least 88k the .618 fib extension but can easily go to over 130k maybe even the 1.618 fib at 143k.
BTC Seems To Be Looking For Some Gains?As the title said, BTC seems to be looking for a breakout towards the top. Alts are worth trading but are extremely subjective to BTC movement despite a few alts like INJUSDT which seems to have negative correlation for the past week.
That being said, look for long positions at the green line to the golden pocket I provided. I won't be providing a TP because it'll just break into the trendline and range again, so find the tp you're comfortable with.
This analysis was done using 4H and 1D.
- ElvianElvy
XAU continues to increase - break $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) marginally increased during Thursday's Asian session, but didn't surpass the near two-week high reached previously. The strong global equity market is hindering the safe-haven metal during the US Independence Day holiday. Traders are awaiting Friday's US Nonfarm Payrolls (NFP) report before making further investment decisions.
⭐️ Personal comments NOVA:
Gold price after breaking 2350 from the sideway zone 2310 - 2350, the Uptrend prevails, the Bulls prevail.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2349 - $2347 SL $2342
TP1: $2355
TP2: $2368
TP3: $2380
🔥BUY GOLD zone: $2337 - $2335 SL $2330
TP1: $2345
TP2: $2352
TP3: $2360
⭐️ 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
- The winner is the one who sticks with the market the longest
Breakthrough in early July 2024! XAU fluctuates✍️ NOVA hello everyone, Let's comment on gold price next week from 7/1 - 7/5/2024
🔥 World situation:
Gold prices fell on Friday due to a promising inflation report that suggested potential interest rate cuts from the Federal Reserve in 2024. Despite reaching a four-day high of $2,339, gold ended at $2,324, a 0.12% decrease. The US PCE Price Index report for May triggered these fluctuations, indicating a favorable future for consumers affected by price increases.
🔥 Identify:
Gold price sideways accumulated for most of June 2024 from 2300 - 2365, expecting a breakthrough in early July with a recovery for Gold.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2351, $2387
Support : $2317, $2297, $2270
🔥 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
- The winner is the one who sticks with the market the longest
The recovery rate retested at the beginning of the week! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Fed officials have delayed the first interest rate cut of the year. President Tom Barkin of the Federal Reserve Bank of Richmond stated that the central bank is prepared but will gather more information in the coming months. President Neel Kashkari of the Federal Reserve Bank of Minneapolis believes it may take a year or two to bring inflation back to 2%. The strong US economic data and hawkish Fed tone are supporting the US dollar and suppressing gold prices, as higher interest rates increase the cost of holding non-yielding assets.
⭐️ Personal comments NOVA:
Gold price recovered slightly, returning to the retest of weak resistance areas. Mainly still sideways below $2350 at the beginning of the week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2311 - $2309 SL $2304
TP1: $2316
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2331 - $2333 SL $2336
TP1: $2325
TP2: $2318
TP3: $2310
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ 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
- The winner is the one who sticks with the market the longest
HINDCOPPER LongNSE:HINDCOPPER1! looking strong at this point with the formation of Cup Handle pattern with justified volume support.
Obviously the SL point is too much but for that I would say this is the price level we can expect in down market.
Disclaimer: This is the idea I am sharing for knowledge purpose for me and others and not for recommendation purpose.
BTC - Technicall PossibilitiesWe have 2Scenario for short period of time.
BTC price had corrections from 72k. We are in a range between 73k to 57k for more than 3month. We can have Short Position till 60-58K. BTC Long term period still bullish. But corrections may take more time. ✅ 📈
By the way there's a chance for Long and short positions on this descending channel. Also this channel look like Falling wedge pattern on lower frame time. So you can take short if fail to break trendline. If it doesn't fail you can take long position on pullback to the break point.
📉
Weekend Uptrend for Gold !! Target $2388⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Bank of England's dovish outlook and rate cut expectations, along with the European Central Bank's decision to lower borrowing costs and the Swiss National Bank's rate cut, indicate a favorable environment for bullish traders in the gold market. The breakout above the 50-day Simple Moving Average further supports an upward trend. Any downward correction could be seen as a buying opportunity, as traders await the flash global PMIs for new momentum.
⭐️ Personal comments NOVA:
Gold price trend at the end of the week is prioritized to increase - break 2350 waiting for price range $2388-$2390
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2343 - $2345 SL $2340 scalping
TP1: $2350
TP2: $2355
TP3: $2360
🔥BUY GOLD zone: $2332 - $2330 SL $2325
TP1: $2340
TP2: $2350
TP3: $2360
🔥SELL GOLD zone: $2388 - $2390 SL $2395
TP1: $2380
TP2: $2370
TP3: $2360
⭐️ 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
- The winner is the one who sticks with the market the longest
Chart Idea - RUNEUSDT LongRUNEUSDT has broken the downtrend on daily timeframe and successfully retested it.
RUNEUSDT Long
Entry: 5.380
TP: 13
SL: 4.284
It's a swing trade and can go for weeks. Will keep on updating this thread.
Chart Idea - FTMUSDT Swing LongFTMUSDT broke out from it's long bull flag. There are 3 confirmations which lead me to open this long trade.
Bounced
- from the 0.786 fib level
- from upward diagonal support
- from the diagonal support which was the resistance last year in Feb 2023
Entry: 0.76
TP: 1.95
SL: 0.618
It's a swing trade and could take weeks to play out. Will keep on updating on this thread.
Short recovery for Gold !! zone $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises during Asian session, reaching over one-week high around $2,338. US macro data suggests easing inflation and a slowing economy, leading to speculation of two interest rate cuts by the Federal Reserve (Fed) this year. Expectations keep the US Dollar (USD) near weekly low, supporting gold as a commodity.
⭐️ Personal comments NOVA:
Gold price sideways, moving within the 2300 - 2350 range, expecting a recovery close to the $2350 price range and then adjusting again without too much important economic data.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2298
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2353 - $2355 SL $2360
TP1: $2345
TP2: $2338
TP3: $2330
⭐️ 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
- The winner is the one who sticks with the market the longest
XAU !! Short recovery - below 2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price struggles to capitalize on previous bounce from $2,300 mark, oscillates in narrow band during Asian session. Currently around $2,330 area, traders seek clarity on timing of Federal Reserve interest rate cuts. Fed adopted more hawkish stance with only one rate cut forecasted for 2024. Markets still expect two rate cuts this year due to subsiding US inflation and weaker Retail Sales data. Rate cut bets rise for September and December.
⭐️ Personal comments NOVA:
Gold price is still in the sideway price range of 2300 - 2350, today bank holiday Gold price will not change too much.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2307- $2309 SL $2302
TP1: $2315
TP2: $2325
TP3: $2340
🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320
⭐️ 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
- The winner is the one who sticks with the market the longest
Gold price recovered slightly - short term⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold remains within a familiar range below the 50-day Simple Moving Average (SMA), cautioning bullish traders.
⭐️ Personal comments NOVA:
Gold prices increased slightly - bad economic data for the dollar, but still narrow sideways range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2307 - $2305 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2348 - $2350 SL $2355
TP1: $2340
TP2: $2330
TP3: $2320
⭐️ 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
- The winner is the one who sticks with the market the longest
JP Power is ready to give a huge moveJP Power has completed a long-term inverted Head and Shoulder pattern recently. Considering this positive move, we should expect a move up to double the current levels from 10.50.
Keep tracking the move and invest sensibly.
NF - Strong recovery for Gold !! ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is consolidating near a two-week high during the Asian session on Friday. Investors are waiting for the release of the Nonfarm Payrolls (NFP) report from the United States, which will influence future Federal Reserve policy decisions and impact gold prices.
⭐️ Personal comments NOVA:
Gold prices recovered strongly this week thanks to economic news beneficial to Gold. NF continues to be forecast to help Gold prices recover above the $2400 area at the end of the week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2352 - $2350 SL $2345
TP1: $2360
TP2: $2368
TP3: $2375
🔥SELL GOLD zone: $2399 - $2401 SL $2406
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ 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
- The winner is the one who sticks with the market the longest
AUDNZD - Look for Continuation Long (SWING) 1:4!The price is currently forming a symmetrical triangle chart pattern on the Daily Time Frame (DTF) for AUDNZD. The strategy involves waiting for the price to convincingly break the descending trendline (TL) and exercising patience within the demand zone before initiating a trade. This analysis is particularly relevant on higher timeframes such as H4 and D.
Additional support for this setup comes from a Double Bottom Chart Pattern on the Daily (D) timeframe and the presence of a weekly (W) trendline. This is considered a promising setup, contingent on certain conditions. It's essential for swing traders to implement proper risk management, setting a Stop Loss (SL) around 40 pips. However, it's important to note that a breakout may not occur immediately, especially considering that AUDNZD is classified as a minor currency pair.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Gold price is positive based on US economic data⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.
⭐️ Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350
🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
- The winner is the one who sticks with the market the longest
Economic data is supporting Gold - increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises on Friday due to a weaker US dollar and lower US yields. Traders expect the Federal Reserve to cut interest rates following weak US GDP data. Geopolitical risks in the Middle East may also boost gold as a safe-haven asset. Later, gold traders will monitor the US Core PCE figure for April, which is expected to show an increase in inflation. If the data is higher than expected, it could support the US dollar and limit gold price gains.
⭐️ Personal comments NOVA:
Gold prices rebound after economic data that is not good for the dollar this week - expect the recovery to continue on Friday
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2317 - $2315 SL $2312 scalping
TP1: $2322
TP2: $2326
TP3: $2330
🔥SELL GOLD zone: $2361 - $2363 SL $2366
TP1: $2357
TP2: $2353
TP3: $2348
🔥SELL GOLD zone: $2373 - $2375 SL $2380
TP1: $2368
TP2: $2360
TP3: $2350
⭐️ 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
- The winner is the one who sticks with the market the longest
IMX Long Trade SetupCurrent Situation:
IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes.
Trade Strategy:
Entry Point: Enter a long position within the $2.15 to $2.10 range.
Take Profit Targets:
First Target: $2.26
Second Target: $2.39
Third Target: $2.53
Stop Loss: Set a stop loss at a candle close under $2.09 to manage risk.
Risk Management:
Watch for weakness into the ENTRY box to reduce stop-loss risk.
Be mindful of leverage, as losses are amplified if the trade goes against you.
Alternative Long Zone:
If the current setup fails and IMX drops further, consider entering a long position in the $2.03 to $1.99 region.
Stay cautious and good luck with your trading! 📊📈
#Crypto #IMX #Trading #LongTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Gold recovered slightly - XAU increased⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises on Tuesday after hitting two-week lows of $2,325. The increase is supported by a weaker US Dollar (USD) and safe-haven demand due to geopolitical tensions in the Middle East. However, higher short-term Treasury yields and strong US economic data may strengthen the USD. Traders are cautious ahead of key US inflation data this week. The US Conference Board’s Consumer Confidence and speeches from Fed officials are scheduled for Tuesday. The US Core PCE Price Index on Friday will be closely watched. If there are more hawkish comments from the Fed and signs of persistent inflation, traders may reconsider expectations of a rate cut, leading to a stronger USD and downward pressure on gold prices.
⭐️ Personal comments NOVA:
Gold prices recovered slightly at the beginning of the week when there was not much important economic news, mainly sideways
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2334 - $2336 SL $2330 scalping
TP1: $2342
TP2: $2350
TP3: $2360
🔥BUY GOLD zone: $2309 - $2307 SL $2302
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2378 - $2380 SL $2385
TP1: $2370
TP2: $2360
TP3: $2350
⭐️ 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
- The winner is the one who sticks with the market the longest
Gold price continues to trend UP !! XAU INCREASE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact the US Dollar and limit gold's potential gains.
⭐️ Personal comments NOVA:
Yesterday's economic data such as CPI contributed to a stable increase in Gold. The long-term H4 frame shows that Gold continues to increase, returning to the old peak of 2430 is entirely possible.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2390
TP3: $2410
🔥SELL GOLD zone: $2410 - $2412 SL $2417
TP1: $2400
TP2: $2392
TP3: $2380
⭐️ 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
- The winner is the one who sticks with the market the longest
CPI, an opportunity for Gold prices to continue to increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest rates for a longer period, may push gold lower in the short term.
Later today, the US Consumer Price Index (CPI) for April will be released, providing insight into the timing of the Fed's rate adjustments. Additionally, Retail Sales for April will be published, offering information on consumer spending trends. If inflation data exceeds expectations, the Fed may adopt a more aggressive stance, strengthening the Greenback and putting pressure on USD-denominated gold.
⭐️ Personal comments NOVA:
Today's CPI data continues to be evaluated by experts in favor of Gold. Gold price is still moving within the H4 long-term price increase range. Today's expected resistance levels are $2376, $2390
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2346 - $2348 SL $2343 scalping (European and Asian sessions )
TP1: $2352
TP2: $2358
TP3: $2370
🔥SELL GOLD zone: $2376 - $2378 SL $2381( scalping )(European and Asian sessions )
TP1: $2370
TP2: $2365
TP3: $2358
🔥SELL GOLD zone: $2390 - $2392 SL $2397
TP1: $2380
TP2: $2370
TP3: $2358
⭐️ 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
- The winner is the one who sticks with the market the longest
