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USD JPY Monthly Prospective Analysis up to 2060I updated my previous idea so that it can be more specific in detail. This is the idea combined with elliott wave theory(I forgot to mention in the previous upload, but, in my chart, the number 2 wave corresponds to the 3 in the elliott and the 3 to the 5. The number 1 wave is the same as the 1 in the elliott). Up to 2027 the trend is down, bounced at around 98 and then going up all the way to reach around 170 (maybe does not reach 200 yen this time, that would be accomplished more than about 50 years later). Hope to live long to see if its correct!
by slowdive430
Correction down for BitcoinHi traders, Last week Bitcoin finished the correction down into the Dailly FVG and after that it made a new all time high just like I've said in my outlook. After the new ATH it immediately reversed to the downside and now it's in a consolidation. It looks like this pair is making an ABC correction down. Let's see what the market does and react. Trade idea: Wait for the correction down to finish. This is not the time to trade Bitcoin. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide trade signals. Don't be emotional, just trade! Eduwave
by EduwaveTrading
BTCUSD TRADING POINT UPDATE > READ THE CHAPTAINBuddy'S dear friend 👋 SMC Trading Signals Update 🗺🗾 Cryptocurrency Traders SMC-Trading Point update you on BTC USD Trading Signals BTC USD still holding it down trand 107k 3 Time rejected oderbolk ) 105k) rejected again Short Trade now 3H Time Frame 🖼️ target point 99k) Key resistance level 107k) 109k) Kye support level 102k) 101k ) 99k) Mr SMC Trading point Support💫 My hard analysis Setup like and following me 🤝 that star ✨ game 🎮
BITSTAMP:BTCUSDShort
by SMC-Trading-Point
BTCUSDT.4HAs we examine the 4-hour BTC/USDT chart, several critical elements come into play that shape our immediate and medium-term outlook. Price Action and Key Levels: The price is trading within a defined channel, constrained by an ascending support line (S1) and a strong resistance zone (R1). The primary resistance (R1) is located at $110,392.21, a level tested multiple times but has yet to break convincingly. On the downside, the nearest significant support level (S2) is seen at $88,452.27, coinciding with the green ascending trendline, which has provided a reliable base during recent corrections. Chart Patterns and Scenarios: A potential double-top formation is evident near R2, indicating a possible bearish reversal if buyers fail to regain momentum above R1. On the bullish side, a breakout above R1 and a sustained close above $110,392.21 would likely target the next resistance zones around $115,000–$120,000. Conversely, should the price fail to sustain its position above the green trendline (S1), we could see a deeper pullback toward S2, potentially extending into the $85,000–$90,000 range. Indicators: MACD (12, 26, close): The MACD histogram shows weakening bullish momentum as it approaches the zero line, hinting at potential bearish divergence. RSI (14): RSI is hovering around the neutral zone at 53.20, indicating indecision. A drop below 50 would confirm bearish dominance, whereas a move above 60 could signal renewed buying pressure. Trendlines and Volume: The upward green trendline (S1) remains critical to the broader bullish narrative. As long as the price respects this line, the uptrend remains intact. Volume has shown a declining pattern in recent sessions, which raises concerns about the sustainability of the current range-bound behavior. Conclusion: The market is at a crossroads, with a clear bias yet to be established. For a bullish continuation, BTC needs to decisively break above R1 with increased volume and a daily close above $110,392.21. In contrast, a break below the ascending support (S1) would likely result in a retest of S2 around $88,452.27, potentially marking a deeper correction phase. For traders, this presents two strategies: Aggressive buyers could consider entries near S1 with tight stops below the trendline, targeting R1 and beyond. Conservative traders might wait for either a confirmed breakout above R1 or a breakdown below S2 before positioning. Given the technical setup, I am cautiously optimistic but remain vigilant for a potential bearish divergence. Risk management remains paramount as we navigate this pivotal phase.
Short
by MarsSignals
Euro can enter to seller zone and then drop to support lineHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago price entered to wedge and started to decline, but firstly it entered to seller zone and then bounced down. In a short time, the Euro declined to the support level, which coincided with the buyer zone, and soon broke this level and fell to the support line of the wedge. Then the price turned around and started to grow. Euro quickly rose to the support level, broke this level one more time, and made a retest, after which rose a little more. After this movement, the EUR some time traded near the support level until it reached the support line of the wedge and then bounced up from this line to the resistance level. When Euro reached this level, it corrected and then continued to move up to the seller zone. When the price entered to this area, the Euro some time traded inside and later reached the resistance line of a wedge, after which rebounded down. Price broke the 1.0420 level and continued to fall. At the moment, the price is traded below this level and I think that the price can fall to rise to the seller zone and then drop to the support line of the wedge. After this, the Euro can exit from this pattern, make a retest, and continue to decline to the support level. So, that's why I set 1st TP at 1.0350 points and 2nd at the 1.0260 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Moodeng Buy/Long Setup (8H)From where we placed the red flash on the chart, it seems that a deep correction for MOODENG has started. It appears that a diametric is in the process of completion, and we are at the end of wave G of this diametric. As long as the SWAP range is maintained, the price could move toward the targets. A closing of an 8-hour candle below the invalidation level would invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
DOT Nearing Key Support: Potential for Bullish Breakout..!At the moment, DOT is nearing its critical support level of $6, a price point that has historically acted as a significant resistance level in the past. It's essential to be patient and observe for a strong bullish signal or a bullish technical pattern, such as a breakout or a reversal formation, before making any decisions about entering a long position. For those investors with a long-term perspective, this price level could present an opportune moment to start accumulating DOT. Given the overall market trends and potential for recovery, a reasonable price target for DOT could be around $11. This target reflects the possibility of upward momentum as the market dynamics shift, providing a favorable outlook for long-term investment strategies.
Long
by Kartik_Elkunchwar
GBP/NZD - Weekly OutlookThis is an extremely strong Analysis for not just a Long Term Point of view but also a short term scale, let me explain. Monthly/Weekly markets are both bullish. We can notice that price has reacted 3 times off a strong Weekly Imbalance. Price that makes 3 touches is considered a strong zone so now I would suggest we would have a final pullback off this zone before creating a new MSS in smaller time frames. We have market out the 50% level on the Fib to show our Discount zones before looking for any entry models. So far on the Daily/4H we can see a large Bullish move but.. we are not sure whether this Bullish leg has actually just finished nor just started so we will have to wait and assess this Bullish Price action and adjust our Fib as the market move to work out our pull back points. I have set up a strong Demand zone which does happen to be at our OTE right now but again this may change due to the Bullish movement not currently showing any sights of a pullback. We only enter trade will the highest possibility's and currently this market is showing extremely strong signs of possible trade entry's but we still need to work out what those entries are. Good luck to the traders that want to follow this market and would be interested in my entry model in this Market
by jamesibartram
ETH's Contracting Triangle: Follow The Price BreakoutETH's Contracting Triangle: Follow The Price Breakout Currently, ETH is developing a contracting triangle pattern, which presents potential trading opportunities.The direction ETH will take remains uncertain, as markets are focused on Trump's comments on cryptocurrencies. However, the breakout from the pattern will determine the next price direction: Bullish Scenario: If the price moves above the triangle or nearly above 3390, it should confirm and unfold according to the bullish scenario in blue. Bearish Scenario: If the price moves below the triangle or nearly below 3252, it should confirm and develop according to the bearish scenario in red. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
1