TRBUSDT | MAJOR RESISTANCE OF THE LAST 100 DAYS🚀 TRBUSDT is currently testing a MAJOR resistance zone! 🚧🔥
After breaking out of a 134-day downtrend line 📉, and reclaiming the lowest high 🔄, TRB has now entered a critical 100-day resistance area 🧱.
📍 This zone has acted as a strong supply level in the past ⛔ — a successful breakout ✅ could open the path toward the previous major high around $95 🎯.
📈 RSI is holding above 65, indicating strong bullish momentum 💪🐂 — but the breakout still needs to be confirmed with volume 🔊 for continuation.
If rejected 🚫, a pullback to the $32–$29 support zone is likely 🛡️.
📊 Key Levels to Watch:
🔴 Resistance: $37.9 – $39.5 (MAJOR 100-DAY RESISTANCE)
🟢 Support: $32.1 and $29.0
🧠 Stay alert and manage risk wisely! 🛑
Oscillators
INR has made a major top against USDFall of INR against the USD began in early 1970s, or perhaps late 1960s--we don't know for sure for lack of trading data. Since then, it has depreciated against the USD in crystal-clear 5 legs, or waves according to Elliott Wave Theory (EWT). To validate EWT, there occurred a gigantic gap of 9.23% in July 1991 where third wave is supposed to be--a hallmark of third waves. Furthermore, there's even a divergence between Price and Elliott Wave Oscillator (5/35 MACD) on the Monthly chart--typical of fifth waves.
So, what's next then? Considering the time frame of the entire price move till date, I would say that a bear wave of Supercycle degree has just ended and we are looking at a 10-15 year advance in Indian Rupee against the US Dollar . In support of my forecast, INR has just posted a beautiful, unambiguous 5-wave advance in the shape of an expanding diagonal--hallmark of first waves--from 87.972 to 83.7625.
If I'm right, price should retreat a bit toward the classic 61.8% level at 86.3396, and then fall hard--and I mean very hard, with a gap--toward the levels below 80, followed by another pause and a small retreat, and another fall, thereby completing a set of 5 distinct waves . Should price follow the path of my forecast to that point, we would have a definite confirmation on hand that a Supercycle bear wave has indeed ended.
The final target of this Supercycle bull wave of INR vs. USD? It's too early and too far ahead to hazard a guess, but as per EWT principles, it should be somewhere close to 44. Yes. 1$ = ₹44. I hope I live to see that day. It's going to take a while, till 2040 perhaps, but we'll get there alright.
Ethereum Is Quietly Preparing for a Massive Move !Hello Traders 🐺
In this idea, I want to show you one of the coolest charts I’ve ever seen in my life — seriously!
These kinds of patterns, especially on the monthly time frame, take multiple years to form, and that’s exactly why they are extremely valid. When a structure develops on higher time frames, we can rely on it more confidently and make smarter decisions 📊
As you can see on the chart, ETH price is moving inside a very clear ascending channel, and its reactions to the channel lines are simply beautiful. Let’s take a closer look:
In addition to the top and bottom of the channel, we also have a “make or break” level, shown by the blue dotted line (which is the middle line of the channel).
Price reactions to this line throughout different time periods have been amazing. And here's the more interesting part:
👉 Price is currently above the middle line, and on its way up, it’s approaching one of the most critical resistance levels — the orange descending trendline.
If we zoom out, we’ll see that ETH is actually squeezed between this descending resistance and the ascending channel's middle line, forming a beautiful triangle 🔺
If ETH can break above this triangle, we could see a massive surge, possibly taking price all the way up to the top of the channel, which in my opinion is somewhere around $15,000 🚀
Now let’s talk about RSI:
If you take a closer look at the RSI below the chart, you’ll notice a repetitive pattern.
Each time ETH enters a major bull run or makes a new all-time high, RSI touches the upper resistance in the overbought zone.
We’re still in the early stage of this cycle — and both technically and indicator-wise, there seems to be plenty of room to grow.
Hope you enjoy this idea — I’ll be happy to answer your questions in the comments below 👇
And as always, remember our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
Netflix is going to fall sharply soonNetflix is in the huge 5th wave extension. I expect it to complete wave (v) of 5 very soon, probably within the next week.
RSI divergence on 3-days, weekly frames is quite visible and supports the upcoming trend reversal.
When wave 5 is extended, retracement typically goes to the bottom of wave (ii) of this 5th wave. This would mean 1180-1195 USD to end the wave 5. Also, at this price wave 5 will be 2.168 times bigger than waves 1 and 3 together.
5/8/25 - UL: new SELL mechanical trading signal.5/8/25 - UL: new SELL signal chosen by a rules based, mechanical trading system.
UL - SELL SHORT
Stop Loss @ 65.43
Entry SELL SHORT @ 62.58
Target Profit @ 56.37
Analysis:
Higher timeframe: Prices have stayed below the upper channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3/2B SELL pattern...where the current highest top breakout price is less or only slightly peaking higher than the preceding top price.
Gold Miners May Be FatiguedThe VanEck Gold Miners ETF had a major breakout in March, but some traders may think it’s getting fatigued.
The first pattern on today’s chart is the series of candles on April 16-22. Those bars occurred at the highest levels in almost four years. They’re also solid, illustrating that price wasn't able to hold the peaks.
Second, GDX fell sharply afterwards and made a lower high last week. That could mean April represented a peak. It could additionally suggest a new downward channel is taking shape.
Third, MACD is falling.
Next, gold and gold miners have benefited from the uncertainty caused by tariffs. Now, with signs of the trade war easing, some traders may find less appeal in the yellow metal.
Finally, GDX is an active underlier in the options market. (It averages more than 140,000 contracts per session, according to TradeStation Data.) That could help traders take positions with calls and puts.
Standardized Performances for the ETF mentioned above:
VanEck Gold Miners ETF (GDX)
1-year: +47.93%
5-years: +51.92%
10-year: +143.71%
(As of April 30, 2025)
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Nasdaq 100: Bulls in Control for Now, but Key Hurdles RemainNasdaq 100 futures have gapped higher upon the Asia market open, leaving them sitting above the important 200-day moving average. With momentum indicators like RSI (14) and MACD generating bullish signals, it’s an environment that favours buying dips and topside breaks.
However, the coast is not entirely clear for bulls with the price struggling to take out the March 28 high of 20,536. The January 2023 uptrend is also nearby, sitting just above 20,600. Zooming out, the price has also been coiling in a rising wedge pattern, warning there may be an eventual resumption of the bearish trend seen between late February and early April.
While some bulls may be willing to buy above the 200-day moving average with a stop beneath for protection, others may prefer to wait for a decisive push above the top of the resistance zone around 20,650 before establishing positions. Topside levels to keep on the radar include 21,000, 21,420 and 21,969.
If the price were to reverse back below the 200-day moving average and close there, it would swing near-term directional risks lower, invalidating the bullish bias.
Good luck!
DS
RSI 101: The Secret of RSI’s WMA45 Line and How to Use ItIn my trading method, I use the WMA45 line together with RSI to help spot the trend more clearly.
Today, I’ll share with you how it works and how to apply it — whether you're doing scalping or swing trading.
Why WMA45?
WMA (Weighted Moving Average) is a type of moving average where recent prices are given more importance.
WMA45 simply means it takes the average of the last 45 candles (could be 45 minutes, 45 hours, or 45 days depending on your chart).
Because it moves slower than RSI, it helps reduce the “noise” and gives you a better idea of the real trend.
This idea is not new — many traders have tested RSI strategies also use this line. I just applied and adjusted it in my own way.
👉 How to set it up on TradingView (very simple):
What WMA45 Tells You
Trending
This line shows you the overall direction of the market:
📉 If WMA45 is going down, the price is likely going down.
📈 If WMA45 is going up, the price is likely going up.
Also, the steeper the line, the stronger the trend is:
Looking at the example above, the WMA45 line starts from the same level in two different phases, but the slope is different. The steeper line shows a larger price range.
This happens because the price was more volatile, which caused the RSI to move more sharply, and that, in turn, made the WMA45 slope steeper.
In multi-timeframe analysis, when the trend on the higher timeframe is strong (shown by a steep WMA45 line), the RSI on the lower timeframe will usually move within a tighter range and react more accurately to key levels.
If you’re not sure what these key RSI levels are, check out my previous post here:
For example, in a strong downtrend on H1, RSI on M5 might not even reach 50:
✅ What does this mean for trading?
Use WMA45 on higher timeframes to define trend bias.
On lower timeframes, watch RSI responses at key zones for optimal entries.
When holding positions, WMA45 helps determine whether to stay in the trade.
Moving Sideways
Here’s something important to note: when WMA45 is flat, RSI will keep crossing back and forth over it.
Depending on where WMA45 is flat, RSI tends to move within that range and creates different sideways price patterns. Here are the main types:
Around 50 → price moves in a box: According to RSI theory, the 50 level is the balance between buyers and sellers. RSI fluctuating around this causes price to move sideways in a rectangular box range.
Above 50 → price goes up in a rising channel: Above 50 is where buyers dominate sellers. RSI operating in this zone will continually create bullish candles pushing the price upward.
Below 50 → price goes down in a falling channel: Below 50 is where sellers dominate buyers. RSI in this zone will consistently form lower highs and lower lows, pushing the price downward.
Trend Reversal of WMA45
WMA45 is calculated from the average of 45 candles, so it's almost impossible for it to reverse direction suddenly. When it's sloping (trending), it takes time for RSI to fluctuate enough to "flatten" it before it can reverse.
As shown in the example, after WMA45 slopes up, before it turns downward, RSI must cross back and forth through it to reduce the steepness => flatten it => then reverse.
Does this align with Dow Theory? It represents the phases: Trend > Sideway > Trend. Sideway is when the WMA45 line is flattened.
✅ What does this mean for trading?
After a trend forms, if you want to enter a counter-trend trade, patiently wait for WMA45 to flatten to confirm the previous trend has ended.
Dynamic Support and Resistance
In addition to being a trend indicator for RSI, WMA45 also serves as a dynamic support/resistance level for RSI.
You will often observe RSI reacting when it encounters the WMA45 line.
In an uptrend, WMA45 acts as support for RSI.
In a downtrend, WMA45 acts as resistance for RSI.
Notably, if the reactions occur at higher RSI values, the resulting price support is stronger. Conversely, if reactions happen at lower RSI values, the price is pushed down further.
In the above example, in the first reaction around RSI 60s, RSI dropped by 9.6 points and price dropped by 12 points. In the second reaction at RSI 40s, RSI dropped similarly, but the price dropped by 25 points.
✅ What does this mean for trading?
You can use WMA45 as an entry zone for your trade: Wait for reactions with WMA45 on the higher timeframe, then switch to a lower timeframe to find a trade entry.
Use WMA45 as a take-profit or stop-loss level: For a short trade near WMA45, you can stop out if RSI crosses above it.
When monitoring these reactions, pay attention to the number of reactions—more reactions require more caution in trading.
Some Trade Setups Using WMA45 and RSI
1. Intraday trading
Trend: Follow the trend on the H1 chart.
Entry zone: At WMA45 of H1.
Entry confirmation: 2 methods:
On M5: when WMA45 of RSI is already flattened, and RSI has crossed above WMA45.
On M5: when a divergence appears in RSI.
2. Scalping
With the RSI’s reaction to WMA45, even on smaller timeframes (M1, M5), you can scalp when RSI touches WMA45.
When WMA45 has a slope and RSI returns to touch it, you can enter a trade with SL behind the candle close (10–20 pips to avoid stop hunts and spread), and TP to the nearest peak.
As mentioned, the first touch gives the best reaction.
My trading system is entirely based on RSI, feel free to follow me for technical analysis and discussions using RSI.
4H BTC Macro MovementsBTC found new life the last two days pushing up while leaving quite a bit of liquidity below as downward rocket fuel.
We have strong resistance at 104,800 zone above. We could get a pump candle wick to the upside and reject from there. It would bring in the heavy fomo and activate gravity below.
The mini range we are currently in (the flag) has nice value areas that have ping ponged us along this mini point of control prepping for continuation or a strong reversal. We cannot stay here much longer.
Nami indicator below us is showing RSI and momentum moving down while moneyflow is looking higher. Mixed signals can indicate manipulation. So while everyone screams for the moon, correction is the fuel to get there.
There is a nice previous week high + 27.9 breaker block around 98,000.
Not ever financial advice.
Bitcoin Smashes $103K: Is $150K Just Around the Corner?Bitcoin's Resurgence: Navigating the $100K Breakthrough and What Comes Next
In a remarkable display of market resilience, Bitcoin has reclaimed the coveted $100,000 level, just three months after dropping below this significant psychological threshold. The flagship cryptocurrency's powerful comeback has sent shockwaves through financial markets, triggering a massive short squeeze and reigniting debates about Bitcoin's long-term potential. As the asset pushes beyond $103,000 and approaches its previous all-time high, traders and investors are scrambling to position themselves for what many believe could be the next phase of an extraordinary bull cycle.
The Historic Reclamation of $100K
Bitcoin's journey back to $100,000 represents more than just a numerical milestone—it's a testament to the asset's remarkable resilience in the face of significant headwinds. After briefly touching six-figure territory in early 2025, Bitcoin experienced a substantial correction that saw prices retreat below $90,000, triggering concern among market participants and no shortage of bearish predictions from skeptics.
What makes this recovery particularly impressive is the speed with which it occurred. Historically, Bitcoin has often experienced extended consolidation periods after major corrections, sometimes lasting months or even years. The rapid three-month turnaround suggests underlying strength in Bitcoin's market structure that distinguishes this cycle from previous ones.
On-chain data reveals fascinating dynamics behind the recovery. Throughout the correction, long-term holders continued accumulating Bitcoin, with wallet addresses holding more than 1 BTC increasing by 5.2% even as prices declined. This pattern of "smart money" accumulation during periods of retail fear often precedes significant upward price movements.
The reclamation of $100,000 also coincided with several favorable macro developments, including renewed expectations for central bank easing and diminishing concerns about regulatory crackdowns. These factors, combined with Bitcoin's post-halving supply dynamics, created ideal conditions for a powerful recovery.
The Massive Short Squeeze
A key accelerant in Bitcoin's surge beyond $100,000 was an extraordinary short squeeze that forced bearish traders to cover their positions at increasingly higher prices. Data from cryptocurrency derivatives platforms reveals that over $850 million in short positions were liquidated during a 72-hour period as Bitcoin broke above key resistance levels.
The mechanics of a short squeeze are particularly powerful in cryptocurrency markets due to the prevalence of leverage. Many platforms offer leverage ratios of 10x, 20x, or even higher, meaning relatively small price movements can trigger automatic liquidations. As these liquidations occur, trading algorithms automatically purchase Bitcoin to close the short positions, creating additional upward pressure on prices and potentially triggering more liquidations in a self-reinforcing cycle.
What made this particular short squeeze especially impactful was its timing relative to market sentiment. The Crypto Fear & Greed Index had been hovering in "Neutral" to "Fear" territory for weeks, indicating widespread caution among market participants. This cautious positioning resulted in a market structure where relatively few traders were positioned for upside, creating the perfect conditions for a powerful squeeze when momentum shifted.
Is $150,000 Now Conservative?
In light of Bitcoin's powerful resurgence, price predictions that once seemed ambitious are being reevaluated. Earlier this year, several major financial institutions and research firms issued year-end targets of $150,000 for Bitcoin—forecasts that were met with skepticism by many market observers. Now, with Bitcoin already above $103,000 and demonstrating strong momentum, these once-ambitious targets appear increasingly conservative.
Technical analysts point to several factors supporting the case for higher prices. The weekly Relative Strength Index (RSI), despite the recent surge, remains below extreme overbought levels that typically signal exhaustion. Additionally, volume profiles show relatively little resistance above the previous all-time high, suggesting potential for rapid advancement if that level is breached.
The most bullish analysts have begun floating targets of $170,000 to $200,000 for this cycle, basing their projections on Fibonacci extensions, comparative analysis with previous bull markets, and on-chain metrics indicating strong holder conviction. These projections represent a dramatic shift in market sentiment compared to just a few months ago when many were questioning whether Bitcoin would reclaim $100,000 within the year.
Is It Too Late to Buy Bitcoin?
As Bitcoin pushes beyond $103,000, the perennial question resurfaces: is it too late to buy Bitcoin? This query, which has appeared at virtually every significant price level in Bitcoin's history, reflects the challenge of evaluating assets in price discovery mode without extensive historical reference points.
Historical perspective offers valuable context for addressing this question. Investors who asked whether it was "too late" to buy Bitcoin at $10,000, $20,000, or $50,000 and chose to remain on the sidelines missed substantial returns. However, those who purchased at local tops often endured extended drawdowns before seeing their investments return to profitability.
On-chain data provides additional perspective for evaluating current price levels. The MVRV (Market Value to Realized Value) ratio, which compares Bitcoin's market capitalization to its realized capitalization, currently sits around 2.8—elevated compared to bear market conditions but significantly below the extreme readings above 4.0 that characterized previous market tops.
Similarly, the percentage of Bitcoin supply in profit currently stands at approximately 93%, approaching but not yet reaching the 98-99% levels typically seen at cycle peaks. These metrics suggest that while Bitcoin isn't in "bargain" territory, present valuations haven't reached the extreme overvaluation levels that preceded major corrections in previous cycles.
Bull Run Warning: Navigating the Path Forward
While enthusiasm surrounds Bitcoin's reclamation of $100,000, experienced market participants recognize the importance of maintaining perspective during periods of strong momentum. Several potential warning signs merit attention as traders navigate the current environment.
The rapid nature of Bitcoin's ascent to $103,000 has created technically overbought conditions on shorter timeframes, suggesting the potential for near-term consolidation or pullbacks. The daily RSI has reached levels above 80, a zone that has historically preceded at least temporary pauses in uptrends, even during the strongest bull markets.
Additionally, funding rates on perpetual futures contracts have reached extremely positive levels, indicating traders are paying significant premiums to maintain long positions. This condition often occurs near local tops as market participants become overly enthusiastic about near-term prospects.
Risk management becomes particularly important during such periods of strong momentum. Many professional traders reduce position sizes when volatility increases, recognizing that while potential returns expand during such phases, so do potential drawdowns.
Next Price Targets: From $106K to $1M
As Bitcoin pushes into record territory, analysts have begun identifying potential targets for the next phase of the bull cycle. The immediate focus remains on the previous all-time high around $106,000, which represents both a psychological and technical resistance level. Beyond this point, limited historical price action creates a potential vacuum that could allow for rapid advancement if bullish momentum continues.
Technical analysts have identified several key levels through Fibonacci projections and extension analysis. The 1.618 Fibonacci extension from the previous major correction projects a target around $122,000, while the 2.618 extension suggests potential toward $170,000. These levels represent natural points where the market might experience resistance or consolidation during continued uptrends.
More ambitious predictions extend considerably higher. The stock-to-flow model, which relates Bitcoin's scarcity to its market value, suggests potential long-term valuations approaching $1 million per Bitcoin. While such forecasts remain highly speculative, they illustrate the wide range of potential outcomes for this emerging asset class.
Support levels are equally important to monitor, particularly for traders managing risk in leveraged positions. The psychological $100,000 level now represents initial support, followed by the $94,000-$96,000 zone where significant buying emerged during the recent advance. The 50-day moving average, currently around $92,000 and rising, provides an additional technical reference point for potential support during pullbacks.
Market Sentiment: Fear and Greed Dynamics
Market sentiment indicators provide valuable context for understanding Bitcoin's current positioning. The Crypto Fear & Greed Index has shifted into the "Greed" zone after spending much of the previous month in "Neutral" territory, reflecting improved market sentiment following Bitcoin's reclamation of $100,000.
This transition marks an important psychological shift but also signals increasing risk of overexuberance. Historically, when the index reaches extreme readings in either direction, it has often served as a contrarian indicator. Extreme greed readings have typically occurred near local tops, while extreme fear has often presented buying opportunities.
Social media activity metrics reveal a significant increase in Bitcoin-related discussions, with sentiment analysis showing predominantly positive expressions. Google Trends data indicates search interest for "Bitcoin" has reached its highest level since January, suggesting renewed attention from retail participants who typically enter during periods of strong price performance.
Institutional sentiment provides a contrasting perspective to retail excitement. Surveys of professional investors indicate a more measured outlook, with many maintaining Bitcoin allocations but expressing concern about near-term volatility and the potential for consolidation after the recent surge. This divergence between institutional caution and retail enthusiasm creates an interesting dynamic that may influence price action in the weeks ahead.
Trading Strategies for the Current Environment
For traders navigating Bitcoin's volatile price action, adapting strategies to current market conditions is essential. Different approaches suit varying risk tolerances and time horizons, particularly during periods of expanded volatility and strong directional momentum.
Trend-following strategies have performed exceptionally well during Bitcoin's recent advance, with systematic approaches based on moving average crossovers or momentum indicators capturing much of the upside movement. These strategies typically involve entering positions when short-term momentum aligns with longer-term trends and using trailing stops to protect profits.
Countertrend strategies face greater challenges in the current environment but can still prove effective when applied with appropriate risk parameters. These approaches involve identifying potential exhaustion points where trends might temporarily reverse, typically using oscillators like RSI or Stochastic indicators to identify overbought or oversold conditions.
For longer-term investors, dollar-cost averaging continues to demonstrate effectiveness in navigating volatile markets without requiring precise timing decisions. This approach involves regularly purchasing Bitcoin in fixed dollar amounts regardless of price, mathematically ensuring better average entry prices during periods of volatility.
Conclusion: Navigating Bitcoin's New Era
Bitcoin's resurgence beyond $100,000 represents a significant milestone in cryptocurrency market development, potentially signaling the beginning of the next phase in this remarkable asset's evolution. The speed and magnitude of the recovery from below $90,000 to above $103,000 demonstrates both the volatility inherent in this emerging asset class and the powerful market forces that can drive prices when technical breakouts coincide with favorable fundamental catalysts.
For traders and investors, the path forward requires balancing enthusiasm about Bitcoin's demonstrated resilience with pragmatic risk management appropriate for an asset capable of significant price swings in both directions. While the backdrop appears favorable for continued strength, history suggests the journey will include both exhilarating advances and challenging retracements.
As market participants position themselves for what may come next, maintaining perspective on both historical precedents and the unique aspects of the current market cycle provides the most sustainable approach to navigating this dynamic landscape. Bitcoin's breakthrough beyond $100,000 creates both opportunity and risk—the traders who successfully balance these competing forces while maintaining disciplined execution will likely find the greatest success in capturing the potential of this extraordinary market.
The question is no longer whether Bitcoin can reach $100,000, but rather how far beyond this once-unimaginable milestone the current cycle might extend. For an asset that began trading at fractions of a penny, the reclamation of six-figure territory serves as a powerful reminder of cryptocurrency's capacity to challenge conventional financial assumptions and create paradigm-shifting returns for those willing to embrace both its potential and its risks.
BTC to create a low and then a new ATH!BTC may go low around 95k before pushing for a new ATH. This analysis is based on past price action as seen in red lines and previous circles. It confirms to the basic market structure analysis of HH, HL and HH.
However, do note that past price actions do not indicate certainty of future price. DYOR
Skeptic |EUR/USD : Bearish Breakout Unlocks Deep Corrections!Hey everyone, Skeptic here! Let’s start this Friday morning with a fresh EUR/USD analysis—some juicy setups are waiting! 😊 Our previous long position after the 1.13485 resistance break turned out to be a fake breakout, hitting our stop loss. But the short trigger I mentioned below 1.12676 activated, hitting a 2:1 R/R with a safe stop loss. Now, we’ve seen a pullback to that broken level, and if the trend continues, we can find more solid triggers. Stick with me to break it all down! Let’s start with the Daily Timeframe. 📊
📅 Daily Timeframe: The Big Picture
The upward channel on the daily chart has finally broken , and when we talk about a channel break, we don’t mean a weak one—this was confirmed by two strong bearish candles. We might see a pullback to the channel, but if not, a break below the 1.12006 support could send us into a deeper correction toward 1.08454 . To confirm a full trend reversal, we’d need to see lower highs and lower lows on the daily.
So, with this in mind, it’s smarter to take positions in lower timeframes (like 4H or below) in the direction of the current bearish momentum to boost your win rate and R/R. Let’s zoom into the 4-Hour Timeframe for the actionable setups.
⏰ 4-Hour Timeframe: Long & Short Setups
After a prolonged box range and a fake breakout above the box’s ceiling, the price has now broken lower and is pulling back. For our short setup, we already have a position open from above at 1.12676 . But after a break of 1.12012 (which aligns with daily support), we can add to our position—with proper capital and risk management, of course.
Another confirmation for the short? The RSI entering oversold territory can be a solid signal. Why oversold? We need tools to gauge momentum, like SMA, RSI, or volume (though volume only works well in crypto since forex volume isn’t transparent due to bank transactions, etc. In crypto, every transaction is recorded, so volume is reliable). RSI is one of my go-to tools for spotting momentum shifts, and it’s been a profit machine for me. But remember: oscillators and indicators aren’t entry signals —they’re confirmations for the setups we’re trading. Want to learn more? I could drop a few YouTube videos on RSI alone—it’s worth the deep dive! 📚
For a long setup , we’d need a return to the box range and a break above resistance at 1.13740 to open a long. I’m not giving any long triggers before that because, as we said, the daily momentum has shifted to a downtrend, and we don’t want to trade against the higher timeframe flow.
💬 Let’s Talk!
If this analysis helped you out, give it a quick boost—it means a lot! 😊 Got a pair or setup you want me to tackle next? Drop it in the comments, and I’ll get to it. Thanks for hanging out, and I’ll see you in the next one. Keep trading smart! ✌️
Dow Futures: Bullish Break in Play as Key Resistance FallsDow futures cleared not only the 200DMA on Thursday but also downtrend resistance dating back to the record highs set in February, suggesting a new trend may now be underway. While the initial rejection at 41787 warrants some caution, with momentum indicators swinging into bullish territory, there’s enough here to consider long setups heading into this weekend’s key trade meeting between the U.S. and China in Switzerland.
One idea would be to buy above the 50DMA with a stop below for protection. 41787 is an early hurdle to clear, with a break above opening the path for a potential run towards the 200DMA—that screens as a reasonable target.
If the price reverses and closes back below the 50DMA, the bullish bias would be invalidated.
Good luck!
DS
EWTSU XAUUSD H4 minute wave ((5)) monitoring
Elliott wave trade setup H4
monitoring the start of minute wave ((5))
minute wave ((5)) should develope in 5 motive waves (impulsive/leading diagonal)
confirmation level: price break up steadly over 3350 area
invalidation level: price break steadly lower 3275 area
EURAUD Wave Analysis – 7 May 2025
- EURAUD reversed from the support zone
- Likely to rise to resistance level 1.7700
EURAUD currency pair recently reversed from the support zone between the support level 1.7415 (former resistance from the start of March), the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from February.
The upward reversal from this support zone stopped the previous short-term impulse wave 3.
Given the strength of the support level 1.7415 and the oversold daily Stochastic, EURAUD currency pair can be expected to rise to the next resistance level 1.7700.
Bullish Divergence for 9618 in dailyGiven the spot of bullish divergence in RSI,
and that 1-2-3-4-5 is potentially completed,
I would like to change my prediction from a bearish market to a bullish market.
The retracement to $115 will be completed in future months.
I estimate 9618 will be raising as B in this month