JUP Eyeing Resistance Break: What Could Happen Next...?JUPITER has broken through the short-term resistance level of $1.1850 and is attempting to maintain its position above this mark. However, the breakout occurred with a single major candlestick, making it difficult to predict whether it will sustain this breakout. At this point, it's important to wait for further price action. If you don't want to miss out on potential gains from a major breakout like this, consider entering a long position once the price breaks above the $1.2500 level. Be sure to keep your stop-losses tight, as the market is somewhat volatile at this stage.
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GOLD: UNDER IN PARALALL CHANNEL.My dear fellow traders! what do you think about XAUUSD (GOLD) trend.
XAUUSD Current Value:2770
Disclaimer: this is my personal opinion and personal analysis. Trade at your own risk
XAUUSD is fundamentally and technically Bullish.
Key Levels:-
SUPPORTING Area:2749
RESISTENCE Area:2778_2788
DEMAND ZONE:2731
NOTE: kindly comment, supports, and follow me for more latest updates. Thanks .have a profitable day.
Cronos (CRO) - Bullish Swing - ResurectionCOINBASE:CROUSD been mostly #Bearish, but things are about to change.
Eventually it found its bottoms.
That's when I loaded #Longs around the 6 and 7 Cents Levels.
Eventually I took profit on the #HODL #Trades at 19 Cents a pop.
* all well documented in the related idea.
What's Next for OKX:CROUSDT ?
As the #BreakOut is now confirmed, a #Bullish Swing is about to start.
That would be the #ElliottWave #Impulse (#MotiveWave).
#AltSeason has started, and MARKETSCOM:BITCOIN is adding fuel.
#AltCoins will most likely get pushed by the #BitcoinDominance ( CRYPTOCAP:BTC.D ) #Retracement.
#TotalMarketCap ( CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS ) are also showing signs of new #ATH coming.
COINBASE:CROUSDC #TechnicalAnalysis
- #ElliottWave A-B-C Sequence
- Primary โ (white) #Impulse
- #Fibonacci Time Zones
- #Fibonacci Retracements Confluence
- #Cypher #Harmonic
My #Long Levels On COINBASE:CROUSD
HODL:
- Entry @ 14 Cents
- TP1 @ 40 Cents
- TP2 @ 60 Cents
#Futures ( CRYPTOCOM:CROUSD.P )
- Moderate Entry @ 14 Cents
- Conservative Entry @ 10 Cents
- TP1 @ 40 Cents
- TP2 @ 60 Cents
DOGEUSDT.1DThe daily chart of DOGE/USDT showcases a consolidation phase within a range-bound structure, following a period of significant bullish momentum earlier. This phase presents both bullish and bearish scenarios depending on the breakout direction.
Key Levels of Interest:
Resistance Levels:
R1: The immediate resistance lies at $0.4285, a critical barrier for bulls to overcome. This level aligns with previous highs and has repeatedly rejected price advances.
R2: The longer-term resistance trendline, marked in red, indicates the potential for upward expansion toward $0.5000โ$0.6000, provided the bullish momentum sustains.
Support Levels:
S1: The nearest support is at $0.2574, marking the lower boundary of the current range and a strong accumulation zone.
Chart Patterns and Market Structure:
The price is trading within a horizontal range, with the upper boundary at R1 and the lower boundary at S1.
A breakout above R1 would indicate bullish continuation, with the potential to target R2 and higher levels. Conversely, a breakdown below S1 could trigger a deeper correction.
Technical Indicators:
MACD (12, 26, close): The MACD histogram is neutral, with the lines converging near the zero line. A bullish crossover could confirm upward momentum, while a bearish crossover may signal downside risks.
RSI (14): The RSI is currently neutral at 52.32, suggesting that the market is balanced but leaning slightly bullish. A move above 60 would confirm bullish strength, while a dip below 40 could indicate renewed selling pressure.
Volume and Momentum:
Volume has been decreasing, which is typical in consolidation phases. A significant volume spike will likely accompany the breakout or breakdown, confirming the next major move.
Conclusion: DOGE is currently consolidating within a well-defined range. The key level for a bullish breakout is $0.4285 (R1), which would likely lead to a move toward $0.5000โ$0.6000 (R2). On the flip side, a breakdown below $0.2574 (S1) would expose DOGE to lower levels, potentially testing $0.2000 or further downside.
Strategic Approaches:
Bullish Setup: Consider long positions upon a confirmed breakout above R1, with targets at R2 and beyond. Set stop losses just below R1 to manage risk.
Bearish Setup: Enter short positions if the price breaks below S1, targeting lower support levels near $0.2000. Place stop losses above S1.
Risk Management: As DOGE is trading within a range, false breakouts are a possibility. Use tight stop losses and confirm breakouts with volume spikes before entering trades.
XRPUSDT.4HThe 4-hour XRP/USDT chart reflects a period of consolidation following a strong bullish rally, signaling that the market is pausing to decide on its next directional move.
Key Levels of Interest:
Resistance (R1): The immediate resistance lies at $3.3885, which has capped the recent upward movement. A break and close above this level could pave the way toward the next significant resistance zone (R2), located around $4.0000โ$4.2000.
Support (S1): On the downside, the nearest support level is marked at $2.7561, aligning with prior accumulation areas and the ascending trendline.
Major Resistance (R2): If the price clears R1, R2 will likely act as a medium-term target, reflecting a strong psychological barrier for the bulls.
Chart Patterns and Market Structure:
XRP is currently consolidating in a horizontal channel, forming a flag-like continuation pattern after the sharp upward breakout. This indicates potential bullish continuation, provided the price holds above S1 and breaks R1 with volume confirmation.
However, failure to hold S1 could trigger a retest of lower support zones, invalidating the bullish outlook in the short term.
Technical Indicators:
MACD (12, 26, close): The MACD shows signs of stagnation, with both the MACD and signal lines near the zero line. A bullish crossover or divergence could confirm upward momentum, while a bearish crossover might signal a deeper correction.
RSI (14): The RSI is hovering near the neutral zone at 49.29, reflecting market indecision. A move above 60 would validate bullish strength, while a dip below 40 could intensify selling pressure.
Volume and Momentum:
Declining volume during the consolidation phase is typical of a flag pattern, but a breakout will require a notable increase in volume to confirm directional bias.
Conclusion: The market is at a critical juncture, with the $3.3885 resistance level acting as a key barrier for bullish continuation. A breakout above R1 would likely target $4.0000โ$4.2000 (R2), signaling the resumption of the uptrend. Conversely, a breakdown below $2.7561 (S1) could push the price toward lower levels, invalidating the bullish structure.
Strategic Approaches:
Bullish Scenario: Enter long positions upon a confirmed breakout above R1 with increased volume, targeting R2. Stops should be placed just below the breakout level.
Bearish Scenario: If the price breaks below S1, consider short positions targeting the next significant support levels, with stops above the breakdown level.
Risk Management: Given the current consolidation phase, maintain proper stop-loss levels to protect against false breakouts or unexpected volatility.
ADA order limitThis chart for ADA/USDT highlights a consolidation phase within a symmetrical triangle pattern ๐. The price is narrowing, signaling a potential breakout. Key zones and trend lines
guide this analysis:
Trendline Break: The triangle's upper trendline represents resistance, and a break above it could trigger bullish momentum ๐. Conversely, a break below the lower trendline might lead to further downside ๐.
Resistance Levels:
First resistance at $1.0323 ๐ฉ. Breaking this level could propel ADA to $1.1000 and then $1.1400, where significant sell pressure may appear.
These zones align with the highlighted red resistance bands.
Support Levels:
Immediate support at $1.0022 ๐ก๏ธ. If broken, the price may test lower zones at $0.9730 and $0.9380.
Signal:
Bullish Entry: Wait for a confirmed breakout above $1.0323 with strong volume ๐. Target levels: $1.1000 and $1.1400.
Stop Loss: If the price breaks below $1.0022, consider shorting with targets of $0.9730 and $0.9380.
Risk Management: Keep stops tight โ๏ธ. For longs, place a stop-loss below $1.0022; for shorts, keep it above $1.0323.
Wait for confirmation to avoid false breakouts. Monitor volume and candlestick patterns near breakout levels for the best signal ๐ฏ.
EUROUSD TRADING POINT UPDATE> READ THE CHAPTIN Buddy'S dear friend ๐
SMC Trading Signals Update ๐พ๐บ๏ธ Euro USD Traders SMC-Trading Point update you on New technical analysis setup Euro USD breakout of MA 200 ) Now ๐ Looking start with bullish trend ๐ ๐ analysis setup update fisrt I look short 1.04918- 1.04322). That' is good buying zone โบ๏ธ) target point 1.5540)
Key resistance level 1.05215 +1.05540
Key support level 1.4500 1.043222. .104107
Mr SMC Trading point
Support ๐ซ My hard analysis setup like And Following ๐ค me that star โจ game ๐ฎ
Gold is approaching the point where the trend will reverseGOLD is approaching the reversal point, but before that the market may draw the all-time favorite trap - a breakout, but false :) that will allow to collect as much liquidity as possible before further reversal.
Scenario: Gold closes Friday on a small correction after reaching 2786. Most likely the price may test the nearest support, supposedly showing traders that it will not go up. But after this deception it will quickly turn around and finally test 2790. The pattern that I am waiting for is a false breakdown and subsequent consolidation of the price under 2790, which will make it convenient to open a sell trade :).
My targets in this case: 2740, 2688
BTC BEARISH SENTIMENTYeah, BTC has been facing repeated rejections around that key resistance level, which could signal a potential short-term bearish move if it fails to break through convincingly. If sellers continue to defend that zone, we might see a pullback or consolidation before another attempt.
On the flip side, a strong breakout with volume could push BTC into a bullish trend. Itโs all about how price reacts in the next few daysโwatching for either a clean break or another rejection that could lead to temporary downside.
Fingers crossed indeed! Are you thinking of taking any trades based on this?
Gold hits record high: Is a reversal coming?๐ Gold Returns to All-Time High: Is a Major Correction on the Horizon?
๐ Strong Reaction at Historical Highs
Gold has returned to its all-time high zone, and as it touched this level, prices have seen a significant reaction, dropping $20 to around $2,770.
On the H4 timeframe, candles show strong selling pressure at the highs, signaling a potential deeper correction. As the market opens next week (Monday), there is a high likelihood of a GAP (price gap) forming on smaller timeframes due to the current momentum.
๐ Technical and Fundamental Insights
Double Top Formation:
Gold shows signs of forming a Double Top pattern at its historical peak.
Combined with technical signals, this suggests a possible short-term corrective wave.
Crucial News from FED and Trump:
Next week, the market anticipates critical updates from the Federal Reserve (FED) regarding interest rate policies.
President Trumpโs fiscal and monetary policy announcements could also drive significant volatility in gold prices.
Low Liquidity Conditions:
With many Asian nations entering their Lunar New Year holidays, market liquidity is expected to decline, potentially leading to heightened volatility.
๐ Price Behavior Analysis
Based on insights from DXY, SWAP CHARGE, and FVG analyses:
DXY Weakness: While DXY's weakness supports gold, heavy selling pressure near the highs indicates a possible corrective phase.
SWAP CHARGE Shifts: The shift from buying to selling suggests that selling pressure is currently dominant, supporting the likelihood of a gold correction.
๐ก Key Levels to Watch Next Week
Resistance:
$2,786 - $2,790: This is the previous all-time high and a critical resistance level. A breakout above this zone could trigger a stronger bullish trend.
Support:
$2,758 - $2,735 - $2,718 - $2,694: These are the major support zones to monitor in case of a deeper correction.
๐ข Conclusion:
Given the current dynamics, gold appears poised for a potential correction after testing its all-time highs. This aligns with technical signals and fundamental developments. Traders should closely monitor key levels and upcoming announcements from the FED and President Trump to stay ahead of market movements.
๐ Follow KevinNguyen-SimpleTrade for more in-depth analysis and market updates! ๐