ETHUSDT and long term profit strategy. Technical Overview:
Ascending Trendline Support: The chart shows a long-term upward trendline, suggesting a steady support level around the $2,000 - $2,200 area. This trendline has historically provided strong support for price rebounds.
Symmetrical Triangle Formation: ETHUSDT is currently consolidating within a symmetrical triangle pattern (highlighted in red), indicating indecision in the market. This pattern often leads to a breakout, with a likely strong price movement in either direction.
Potential Breakout: The breakout point appears to be nearing, with price action expected to either bounce from the lower trendline or break through the triangle’s upper boundary. A breakout above $2,532 could lead to a strong upward move toward the next key resistance around $2,817.
Bullish Scenario: If ETH breaks out to the upside, the next major target would be the $3,000+ region, indicated by the blue upward arrow. The current consolidation may be a period of accumulation before a bullish move.
Bearish Scenario: If the price breaks down from the triangle and the trendline, ETH could revisit the support around $2,000 or lower, but this scenario appears less likely based on current momentum.
Conclusion:
Ethereum is at a critical juncture, with the symmetrical triangle and long-term trendline suggesting a breakout is imminent. Traders should watch closely for a breakout signal, with a preference for the upside targeting the $3,000 level.
M-signal
Latest SOLUSDT update todayAs the SOLUSDT pair continues its movement within a well-defined descending triangle pattern, traders are closely watching the price action unfold on the 4-hour chart. This bearish continuation pattern is gaining attention as the price forms a series of lower highs, with a consistent support level provided by an ascending trendline.
Key Resistance Zone Holds Firm
SOL’s price is currently trading near a key resistance zone, ranging from 142.54 to 144.48 USDT, which has acted as a barrier to upward momentum on multiple occasions. Despite attempts to break through, the market appears to be respecting this zone, further increasing the likelihood of continued downside pressure.
Bearish Outlook Strengthening
The descending triangle pattern typically signals a potential breakdown, especially as the price continues to be compressed within the narrowing range. If the price fails to push past the upper boundary of the triangle and encounters rejection within the resistance zone, it could lead to a strong bearish move.
A decisive break below the 137 USDT level, marking the lower boundary of the triangle, would confirm the breakdown. Should this occur, SOLUSDT may target the next major support level around 130 USDT, as the bearish sentiment dominates short-term market dynamics.
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- It is currently in wave 3 or c, which can continue its growth up to the top of the channel.
- A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range.
- After that, a 5-wave correction has extended to the bottom of the channel in the golden zone.
- Wave a has a three-wave cycle and wave b has a five-wave cycle.
- Therefore, wave c can extend to the region of the roof of the channel and the red box.
💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth.
⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
KUCOIN:SOLUSDT
EURUSD: Dollar holds steady as Fed minutes emergeThe US dollar remained steady today, providing some respite for the yen and other major currencies after rising to a seven-week high last week. Market participants are taking a moment to assess the future trajectory of US interest rates.
Investors are awaiting the release of the minutes from the Fed’s September meeting today, which will reveal the discussions that led to a 50 basis point rate cut, agreed by all but one policymaker amid a seemingly worsening labour market.
EURUSD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0939
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1014
Safe Stop Loss - 1.0902
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURAUD Will Collapse! SELL!
My dear friends,
My technical analysis for EURAUD is below:
The market is trading on 1.6267 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6140
Recommended Stop Loss - 1.6325
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
CADCHF On The Rise! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6239
Bias - Bullish
Technical Indicators: Supper Trend generates a clear Bullish signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6267
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GBPCHF Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1214
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 - 1.1232
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
EURGBP Massive Short! SELL!
My dear followers,
This is my opinion on the EURGBP next move:
The asset is approaching an important pivot point 0.8387
Bias - Bearish
Safe Stop Loss - 0.8403
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8360
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
CADJPY Buyers In Panic! SELL!
My dear followers,
I analysed this chart on CADJPY and concluded the following:
The market is trading on 109.01 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 108.68
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
TIGR UP Fintech Holding Limited Options Ahead of EarningsIf you haven`t bought TIGR before the previous earnings:
Now analyzing the options chain and the chart patterns of TIGR UP Fintech Holding Limited prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
STZ Constellation Brands Options Ahead of EarningsAnalyzing the options chain and the chart patterns of STZ Constellation Brands prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FXI Still Time to Capitalize on the China Stimulus RallyThe recent surge in Chinese stocks following China’s central bank stimulus announcement signals a promising opportunity for those looking at the iShares China Large-Cap ETF. The stimulus package, part of a series of aggressive moves from Chinese policymakers, reflects a significant shift in their approach to economic management. For years, China hesitated to implement large-scale stimulus measures, fearing the long-term risks. However, the latest actions show that this cautious mindset has been abandoned, with the government now prioritizing immediate economic recovery.
This newfound willingness to deploy powerful monetary tools suggests that China’s central bank is prepared to act decisively to combat the economic pressures the country is facing. With this level of commitment, it’s reasonable to expect that the stimulus will have a meaningful impact, potentially accelerating growth in key sectors. The iShares China Large-Cap ETF, which tracks some of the largest Chinese companies, stands to benefit significantly from this shift. As these companies often reflect the broader health of China’s economy, investors could see strong gains in the near term as the effects of the stimulus ripple through the markets.
Given the central bank's proactive measures and the potential for further interventions, the iShares China Large-Cap ETF presents a compelling opportunity for bullish investors who want to capitalize on China's economic rebound.
ETH - Two Levels to Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔Here is a practical example on how to find your edge.
According to our last educational post:
Where is ETH now?
It’s currently in the middle of nowhere, a no-trade zone, as we don’t have an edge.
Here are the possible areas where we’d be interested in trading:
1️⃣ $2000 is a round number that intersects with a structure and trendline, making it an attractive zone to consider medium-term longs.
2️⃣ $2900 represents the previous major high and structure that the bulls need to break above to take full control.
Until then, we wait!⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SHIB/USDT today SHIB/USDT is in a downward channel. The price may face resistance at 0.00001739 and is likely to continue falling towards 0.00001640.
Strategy:
Sell near 0.00001739, targeting 0.00001640.
Stop Loss above the channel to minimize risk if it breaks out.
Keep an eye on the channel for any potential reversal!
ETH Rejection at $2,461: Bearish Target $2,320?The Ethereum (ETH/USDT) chart on the 1-hour timeframe shows a significant price rejection from the $2,461 level, which is a key resistance zone. The price is currently hovering around $2,406, and the trend is favoring a bearish outlook. Here is a brief analysis and trading strategy:
Key Levels:
Resistance Zone: $2,461 - $2,460 (red zone)
Support Levels: $2,357 (first target), $2,320 (secondary target)
Analysis:
The price is facing strong resistance from the $2,461 level, with multiple rejections indicating the dominance of sellers.
The short-term moving averages are aligning with the bearish trend, and the price is struggling to break back into the resistance zone.
The next probable move, as shown by the red arrows, is a bearish continuation towards the first support level at $2,357, with a further possible drop to $2,320 if the selling pressure continues.
Trading Strategy:
Short Position: Consider shorting near the $2,414 - $2,461 resistance zone if the price fails to break above it. Target $2,357 initially, and if the bearish momentum continues, aim for $2,320.
Stop Loss: Place a stop just above the $2,461 level to limit risk.
This setup favors bearish traders, but monitor the price action closely near the support levels for any signs of reversal.
BTC at a Crossroad: Bounce or Drop to $57,885?The BTC/USD 4-hour chart shows several key technical patterns that can guide a trading strategy:
Resistance and Downtrend: There is a visible resistance zone around $62,441, marked by the red area and a descending trendline. The price has previously reacted at this level and rejected it, indicating that sellers are currently in control around this region. Any attempt to break above will face resistance, and short positions can be initiated near this level.
Support Zones: The $57,885 level is a crucial support area. If the price falls below the current zone (around $60,800), we can expect it to test the $57,885 support. A break below this support would open up more downside potential, possibly triggering stronger sell-offs.
Potential Rebound: The blue path shows a possible bounce from the $60,800 region, leading to a brief upside before hitting resistance again. However, unless BTC can decisively break above the $62,441 level, this upside is likely to be limited.
Strategy:
Short Position: Enter near $62,247 - $62,441, with a target towards $60,800 or lower. Tight stop loss just above the descending trendline.
Long Position: Consider entering near the $57,885 support if the price holds, targeting a potential recovery back to $60,800.
Economic data more supportive of 25 basis point cutThe market is still waiting for data to be more certain about the next move of the US Federal Reserve (FED). Analyst Giovanni Staunovo of UBS said that since the payroll data was released last week, the market has been discussing whether the world's leading economy is in a soft landing scenario. Staunovo added that the upcoming inflation data will partly answer that question.
This morning, gold prices continued to decline after the FED released the minutes of the September 17-18 meeting, in which it noted that the pace of future cuts will not be determined by the initial cut (the FED just cut interest rates by 0.5% last month).
Dallas Fed President Lorie Logan said she wanted smaller cuts in the near term, due to the remaining inflation risks and significant uncertainties about the economic outlook.
According to the World Gold Council (WGC), central banks around the world have slowed their gold purchases in 2024 compared to 2023, but still maintained higher purchases than before 2022. This is partly due to the People's Bank of China stopping gold purchases since May until now...
💎 XAUUSD Buy limit 2606 - 2608💎
✔️TP1: 2615
✔️TP2: 2625
✔️TP3: OPEN
🚫SL: 2597
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2632 - 2634💎
✔️TP1: 2624
✔️TP2: 2614
✔️TP3: OPEN
🚫SL: 2642
EURUSD Technical Analysis! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0990
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0979
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
AUDUSD What Next? BUY!
My dear followers,
This is my opinion on the AUDUSD next move:
The asset is approaching an important pivot point 0.6720
Bias - Bullish
Safe Stop Loss - 0.6683
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6782
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK