XAU Long Term Analysis (Everyone Should Be Careful)Now that we have so much data available, it looks like we have a large diametric on the chart.
We are now at the end of wave E. You should be careful of emotional buys.
It is expected that by hitting the supply, the price will enter the correction phase for more than 1 year.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Community ideas
USDMXN targeting 23.00 at least.The USDMXN pair has made a monumental long-term bullish break-out as not only did it recover its 1M MA50 (blue trend-line) in August but has also managed to close the last two 1M candles above it.
As you can see on this multi-decade chart, every time the pair broke above the 1M MA50, it rallied by at least +19.10%. At the same time, it is coming off the lowest ever 1M MACD Bullish Cross, while the price rebounded exactly on the 1M MA200 (orange trend-line).
As a result, our new long-term Target is 23.000.
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SOLANA (SOLUSDT) 4H Timeframe, BIG LONG TRADE Targets Done!SOLANA (SOLUSDT) 4H Timeframe Trade Overview:
Position: Long
Entry: 143.38
Targets: TP1 (148.33), TP2 (156.32), TP3 (164.32), TP4 (169.26)
Stop Loss: 139.39
Performance Recap: Solana surged and achieved all targeted levels in this 4H trade setup. Riding above the Risological dotted trend line, the bullish momentum was strong enough to reach TP4, capping a well-structured move.
Market Stats:
Volume: 3.98M
Average Volume (30D): 9.02M
Performance:
Weekly: +8.96%
Monthly: +15.53%
Year-to-date (YTD): +77.77%
Annual: +451.45%
Analysis : With sustained volume and remarkable performance metrics over the past year, Solana’s upward trend reinforces the bullish sentiment. Given the fulfilled targets, it’s wise to monitor volume and possible retracement levels for future entries.
This setup exemplifies a solid risk-reward scenario, demonstrating precision in capturing price momentum across predefined take-profit levels.
Market Analysis: GBP/USD RecoversMarket Analysis: GBP/USD Recovers
GBP/USD is attempting a recovery wave above the 1.2950 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2950.
- There is a key rising channel forming with support near 1.2980 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3120 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.3000 support against the US Dollar.
Finally, the pair tested the 1.2910 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2950. The pair even climbed above the 50% Fib retracement level of the downward move from the 1.3071 swing high to the 1.2907 low.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3015. It coincides with the 61.8% Fib retracement level of the downward move from the 1.3071 swing high to the 1.2907 low.
The next major resistance is near 1.3040. A close above the 1.3040 resistance zone could open the doors for a move toward 1.3070. Any more gains might send GBP/USD toward 1.3120.
On the downside, there is a key support forming near a rising channel at 1.2980. If there is a downside break below 1.2980, the pair could accelerate lower. The first major support is near the 1.2940 level.
The next key support is seen near 1.2910, below which the pair could test 1.2880. Any more losses could lead the pair toward the 1.2845 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Everipedia & The Bulls —Cryptocurrency Money GrowsIQUSDT (Everipedia) entered its long-term accumulation range in May 2022. The pair bottomed in November 2022 together with Bitcoin.
The same range that has worked in the past for accumulation is active now and looks like a good entry point in anticipation of long-term growth.
We can notice two events that stand out on this chart after the November 2022 market bottom.
The bullish wave in early 2024 is marked with ultra-high volume.
There is a long-term higher low between August 2024 and November 2022.
The 510% target shown on the chart is only a small portion of what is possible for this pair. I am showing only this target because I wanted to use the linear chart without having to compress it too much to make the candles unseeable. The logarithmic chart would allow to show the full potential but it would distort the chart structure which I want to show this time around.
The accumulation zone. The same I just mentioned with ZENUSDT.
This is a long-term chart setup and analysis. We ignore the short-term. Always, anything is possible in the short-term and the signals are always changing which is no good to us. We like long-term because money can still be made and there is no anxiety and no stress.
People who come to me are looking to make money without losing their hair. Or I should say, to engage in trading and learn to trade in a way that is not too much energy consuming.
Some trading methods call for too much attention, too much "doing." And yes, some of these methods are profitable but at the end of the year, you are working at it as if it were a day-job. No, no, no, no... The point of trading in this way is to free ourselves and our time so that we can make money while pursuing the things that we love.
It is a way to put our money and intelligence to work.
Set it and forget and later comeback to check the results.
Once we hit bottom, there is no other place left to go but up.
IQUSDT is trading near bottom prices.
If another drop develops, this would be the final low.
If another drop develops, it doesn't matter, we just wait and hold.
If we consider total growth potential going beyond 1,000%, we don't have to worry about 20-30% target at the start of a bullish phase. We just let it develop until prices are up by 2-3X, and then we consider our options.
We plan before-hand though, it can be years in advance, but to take action with such long-term planning it can be done just a few weeks before the end of the bullish phase.
You can detach for months, but once the action is in and confirmed, your plan should be laid down in words. It should be specific and detailed, it should be real and you should follow it to the end; but it can be updated, flexibility is also needed... Or, just buy and hold.
I am just trying to move from the buy and hold part to the fact that we eventually have to take profits. I have some supporters that have gone through 3 cycles and always fail to sell, they just keep holding on the way down, on the way up and sideways... And that's ok, but it would be better to sell when prices are up, to buy again when prices are low. Because the bear-market goes for so long.
Even if you don't sell your money grows.
Those that are still holding from 2017 have a huge portfolio and highly valuable, because Bitcoin has grown so much. Even all the Altcoins, even while they are down, they are many times higher compared to years ago, and when you compare Crypto to fiat... You've won.
Fiat loses value and the bank takes so many fees that the 3% yearly interest disappears, because the fees eat away at your savings with each passing day. Money deposited into Crypto, tends to sprout like seeds and produce trees with flowers and fruit.
Money that can be bronze turns into shinning gold.
Money that enters the Cryptocurrency market grows.
Namaste.
Nosana: Incoming Higher Low?NOSUSDT (Nosana) is reversing after a small bullish jump but this jump was accompanied by really high bullish volume.
On the chart, we can see a rounded top and a strong bearish candle yesterday. This indicates that a move lower is about to develop. Seeing the high volume on the last jump, it is possible that this down-move will end up as a higher low compared to 5-August as buyers are present and ready to buy on this pair.
If support breaks there can be a lower low though but this wouldn't change the bigger picture which is growth after the next down-move ends.
Summary
👉 Nosana (NOSUSDT) is aiming lower and this move can result in either a higher or lower low compared to 5-August. After this low is in, we can expect a major bullish cycle to develop.
Thank you for reading.
Namaste.
Wed 30th Oct 2024 GBP/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/USD Buy. Enjoy the day all. Cheers. Jim
AUDCADAUDCAD is in strong bullish trend.
As the market is consistently printing new LHs and LLs.
currently the market is retracing a bit after last LL, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg down could go for new LL.
What you guys think of this idea?
XAUUSD:29/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2700
Four-hour resistance 2760, support below 2733
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The upward trend channel support is near 2735-38. It is our opportunity to arrange long orders near this position. The upper pressure opportunity is 2758-2762. At present, shorting in such a market is only a small decline and accumulation of momentum. Wait patiently for the key point to enter the market.
BUY:2733near SL:2730
BUY:2739near SL:2735
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Alert:Maruti on Edge as Lower Highs Signal Looming Support breakWhen a stock 📉 consistently makes lower highs, it signals a weakening trend, with sellers taking control. Maruti is at major support suggests a critical level where the stock might break down further, potentially accelerating the decline 🚨. Investors watch these levels closely for exit signals, as breaking support can lead to sharp price drops 📉, driven by increased selling pressure and waning confidence in the stock's prospects. However, it may also bounce bank to make another lower low, continuing the bearish trend.
Daily close above 12500 is the key level to watch as it will tell us where the stock is headed.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
Silver price channel 35According to the positive correlation with gold and the American election conditions, and on the other hand, the war conditions in the Middle East increased during the last month and formed a new increasing channel. According to the analysis, this increase can continue with 3 goals, the first to the third goals respectively. The price of 34, 34.5, 35, which has the possibility of increasing to these 3 targets in the coming days
$TROLL on the Rise: Why This Could Be the Bullish Play of 2024In an era where cryptocurrency innovation meets community-driven culture, $TROLL emerges as a new sensation, bringing nostalgic meme vibes, security, and the spirit of decentralization to the market. $TROLL revives the beloved TrollFace, sparking a “meme revolution” that is setting out to make memecoins fun and approachable once again. With a renounced contract and burned liquidity pool (LP), $TROLL boasts a transparent and community-focused ecosystem, capturing both the light-hearted essence of memes and the safety-driven principles that investors seek.
Why $TROLL is Different
Unlike many memecoins that launch with presales, tax structures, and other barriers to entry, $TROLL took a unique path by launching stealthily, with zero taxes, a renounced contract, and a burned LP. This approach not only underscores the project’s commitment to decentralization but also positions $TROLL as a “coin for the people,” ensuring that the token remains accessible, community-driven, and safe.
$TROLL tokens can be traded on notable exchanges like HTX, DigiFinex, and Gate.io, with HTX currently leading in trading volume for the TROLL/USDT pair, amassing $3.5 million in the last 24 hours. This accessibility on centralized exchanges allows a wide range of crypto enthusiasts to join the $TROLL movement, contributing to its liquidity and appeal in the market.
Daily Market Activity & Rising Volume
The recent market activity surrounding $TROLL suggests increasing interest, as its 24-hour trading volume has surged by 14.9% to $5.4 million. This heightened activity signals fresh attention to the coin and its bullish potential, with active trading showcasing the rising market sentiment toward this community-led project.
All-Time Highs and Lows: A Historic Snapshot
Since its inception, $TROLL has demonstrated significant price movement. Its all-time high of $0.000006134, recorded in Mar 02, 2024 (8 months ago), sits 85.57% above the current price. However, the coin’s lowest price was recorded in Aug 05, 2024 (3 months ago) at $0.000000010888.
Market Cap and Fully Diluted Valuation
With a current market cap of $18.5 million and a fully diluted valuation (FDV) closely matching at $18.54 million, $TROLL ranks at #1136 on CoinGecko and #841 on CoinmarketCap. These valuations reflect $TROLL’s ambitious goal of reaching a maximum market cap in alignment with its circulating supply of 960 trillion tokens. This FDV metric shows the scope of $TROLL’s potential growth as it gains traction among decentralized finance (DeFi) and meme-loving communities.
Technical Outlook
From a technical perspective, $TROLL exhibits signs of an upward trend, with its current price up by 4.75% at $0.000000193. The Relative Strength Index (RSI) sits at 52, indicating a bullish shift in sentiment. As $TROLL transitions from a falling wedge to a rising wedge, it forms a *three white soldiers* pattern on daily candles, a classic indicator of a strong bullish reversal. This pattern, combined with a trough and crest formation within a rectangular trading range, suggests that $TROLL may soon test the upper limit of this range.
Adding to its bullish case, $TROLL is trading above several key moving averages (MAs), solidifying its potential for further upward momentum. The convergence of these MAs provides strong support, acting as a foundation for $TROLL’s continued upward movement.
Market Comparison: Memecoins on the Rise
Despite a price decline of -1.1% in the past week, $TROLL is beginning to outperform other similar memecoins. In comparison, the general cryptocurrency market saw a 2.5% increase, while other Ethereum-based tokens rose by 12.7%. This underperformance presents an entry point for investors seeking exposure to a potential upside as $TROLL continues to build momentum with its unique, community-centered ethos.
Positioned for a Promising Future
With its strategic blend of meme appeal, decentralization, and secure design, $TROLL has set the stage for a promising trajectory. As CRYPTOCAP:BTC currently sits at $71,000, contributing positively to the general market sentiment, $TROLL is well-positioned to benefit from this crypto-wide momentum. The market activity, technical indicators, and fundamental factors all align to create a compelling case for $TROLL as it aims to redefine the role of memecoins in the cryptocurrency landscape. And so it leads us to the question: "Could $TROLL Be the Bullish Play of 2024"
USD/JPY schould the bears take their chance ?
In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead.
Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon.
What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
DXY (US Dollar Index) Analysis Daily TimeframeDXY is currently sitting at a daily resistance level after a bullish run since last week.
we anticipate a potential move to the downside as the index shows signs of weakening, by creating a Doji candlestick, which indicates market indecision.
Remember: If the US Dollar Index turns bearish, EUR/USD and GBP/USD are likely to show bullish momentum.
Let's take a closer look at these pairs for potential buy setups.
BTC/USD : new ATH is on the way ? (READ THE CAPTION)By analyzing the #Bitcoin chart in the weekly timeframe, we can see that after the last analysis, when the price was trading around $66,500, I expected Bitcoin to find support at this level and continue rising, which is exactly what happened. Bitcoin has now gained over 5%, reaching $68,500.
We’ll have to see if the price can hold above $69,000 in the next two weeks. If it does, we could potentially witness another rally and a new high above $74,000. This analysis will be updated as the situation progresses!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
WTI Oil H4 | Potential bearish breakoutWTI oil (USOIL) is falling towards a potential breakout level where the bearish momentum could drive it lower.
Sell entry is at 67.16 which is a potential breakout level.
Stop loss is at 68.20 which is a level that sits above the 23.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 65.64 which is a swing-low support.
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