Community ideas
Nvidia's Price Approaches the $110 MarkThe stock has dropped more than 11% over the past five trading sessions due to newly imposed tariffs on Taiwanese semiconductors (which could increase Nvidia's costs) and growing concerns over DeepSeek's advanced AI model, which has intensified competition in the sector. Additionally, rising global trade tensions have led investors to lose confidence in Nvidia's future market outlook. As one of the most influential technology companies worldwide, a potential slowdown in global economic growth could negatively impact Nvidia's sales and revenue projections.
Accelerated Downtrend
Nvidia has already undergone a significant decline from the $150 price zone and is now approaching the key support level at $114 per share. So far, the sharp bearish moves have largely been accompanied by price gaps, and no clear trend-defining structure has emerged to establish a decisive bearish bias. This suggests that, in the long run, investors should watch for potential bullish corrections, given the speed of the recent sell-off.
RSI Indicator
The RSI line has consistently declined and is now approaching the oversold zone near the 30 level. This signals a strong imbalance between buying and selling pressure, which could increase the likelihood of short-term upward corrections in the stock price.
Key Levels
$130: The most significant resistance level, representing a neutral price zone over the past few months. A return to this level could reinforce a sideways market outlook in the coming weeks.
$114: A critical support level, aligning with the 61.8% Fibonacci retracement barrier. Sustained movements below this level could reinforce the bearish perspective and trigger a more extended selling wave.
By Julian Pineda, CFA - Market Analyst
Bearish reversal?EUR/CHF is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9428
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 0.94845
Why we like it:
There is a pullback resistance level.
Take profit: 0.93713
Why we like it:
There is a pullback support level.
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Bitcoin (BTC/USDT) 4H Analysis: Critical Support Test –(caption)🚀 Bitcoin (BTC/USDT) 4H Chart Analysis (Feb 2, 2025) 📊
🔍 Key Observations:
1️⃣ Strong Support Zone (Red Box) 🛑
BTC is currently testing the $98,000 - $99,000 support zone.
This level has previously acted as a demand area, meaning buyers might step in.
2️⃣ 200 EMA (Exponential Moving Average) Resistance (Red Line) 📉
The 200 EMA at $100,718 is acting as dynamic resistance.
A break and close above this level would indicate bullish strength.
3️⃣ Key Resistance Levels 🚧
$100,718 (200 EMA Resistance)
$102,884 (Major Horizontal Resistance)
If price breaks these levels, next targets: $104,000 - $106,000.
4️⃣ Key Support Levels 🛠️
$98,000 - $99,000 (Current Demand Zone)
$90,000 - $89,184 (Next Major Support Below)
📈 Possible BTC Price Scenarios:
✅ Bullish Case (Price Bounces from Support) 🟢
If BTC holds above $98,000 - $99,000, a move toward $102,884 and higher is possible.
Breaking above $102,884 could trigger a rally toward $104,000 - $106,000.
Watch for volume increase & bullish candlestick confirmation.
❌ Bearish Case (Break Below Support) 🔴
If BTC breaks below $98,000, we could see a drop to $90,000 - $89,184.
A break below $90,000 could lead to further downside toward $88,000.
Watch for strong selling pressure & breakdown candle.
📊 Final Thoughts: BTC at a Critical Level!
🚨 Decision Point: BTC is at a key support level—will bulls step in, or will bears take control?
🔹 For Bulls: Need to reclaim $100,700+ for bullish continuation.
🔹 For Bears: Losing $98,000 could open the door for a drop toward $90,000.
👀 Keep an eye on price action & volume for the next big move!
🔥 What’s your bias? Bullish 🚀 or Bearish 📉? Let’s discuss!
GBPNZD - 3 Feb 2025 SetupGBPNZD Market structure are making N pattern on the market structure with strong bullish rally. Spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
USNAS100 / Futures Muted as China Retaliates with Tariffs Futures Muted as China Imposes Retaliatory Tariffs
USNAS100 Technical Analysis
The price has rebounded similarly to its previous drop following the one-month pause on tariffs for Canada and Mexico announced by President Trump.
However, due to the ongoing tariff tensions between China and the U.S., the market is expected to experience random movements.
Despite this uncertainty, the price is attempting to correct toward 21,215. If it stabilizes above this level, it may push higher toward 21,380. A 4-hour or 1-hour candle closing above 21,380 would indicate a bullish move toward 21,630.
Key Levels
Pivot Point: 21380
Resistance Levels: 21530, 21630, 21760
Support Levels: 21215, 21115, 20990
BTCUSDTPreferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
US NAS100Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis.
And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message..
Enjoy Trading... ;)
SELL ON GBPUSDAfter the exhaustion move, covering up the gaps created by the fundamentals at the open of the week, GU has given a clear path to follow looking at it from the eyes of price action and Technical analysis. Retracing to the descending trendline and a pullback to 61.8fib on the lower time frame, we patiently waited for our entry formation to play out before jumping into the Sell trade around the 1.24230 price with Stop Loss at the 1.24629 area.
RELIANCE | BULLISH REVERSALRELIANCE has bottomed out. Price has been forming Higher Lows since 31 Dec 2024.
Price broke out from 1267 levels, dipped and today's O=L candle confirms that Bulls have taken control.
It is quite possible that RELIANCE will hit price level of 1382 in the Feb series.
SL will be today's low.
$EURUSD IdeaToday, my analysis of EUR/USD points to a potential bearish movement, based on the following points:
First, the correction on the 1-hour chart suggests that the pair is seeking liquidity outside the daily range. The daily IRL region coincides with a 4-hour OB (Order Block) and a swing high, which could create an order cluster. The expectation is that the price will react at this level, seeking the original consolidation and completing the bearish move.
This is the outlook for the day, with a focus on maintaining discipline and managing risk as market conditions evolve.
MUSKIT Wild Run – 2300% Surge Followed by a 92% Drop– What Next?The Solana-based meme coin, Musk It ($MUSKIT), which draws inspiration from Elon Musk and his ventures, experienced an explosive 2300% surge before suffering a 92% crash in value. This extreme price fluctuation has left investors questioning whether $MUSKIT has the potential for a strong rebound or if it’s merely another short-lived pump-and-dump scheme.
Market Sentiment and Recent Trends
$MUSKIT's drastic price movement coincided with a broader crypto market shake-up. Bitcoin (BTC) dipped to $91K before rebounding to $101K, while Ethereum (ETH) fell to $2K before recovering. This reflects the volatile nature of the crypto space, where sudden price swings are common.
Despite its steep decline, $MUSKIT maintains a market cap of $27,585,727.43. The coin remains largely unlisted on major centralized exchanges (CEXs), which means that future exchange listings could act as a catalyst for another price surge. Additionally, with a 24-hour trading volume of $3,985,854, market activity remains significant despite a 58.3% decline in trading volume.
Technical Analysis
From a technical standpoint, $MUSKIT is currently down 3.4% but showing signs of a potential reversal. The Relative Strength Index (RSI) stands at 46, indicating that the coin is neither overbought nor oversold. This suggests that the bears are not in complete control, and a recovery to the upside remains a possibility.
A key pivot level to watch is $0.07278, the coin’s all-time high recorded just four days ago. If $MUSKIT can regain momentum and break resistance levels, it could reclaim previous highs and continue its upward trajectory. However, failure to hold support could lead to a further decline toward $0.008864, its all-time low recorded two weeks ago.
Is There Hope for a Rebound?
1. Strong Market Performance Compared to Peers
In the last 7 days, $MUSKIT has risen 148.4%, outperforming the overall crypto market (down 6.4%) and similar meme cryptocurrencies (down 23.6%). This relative strength suggests that investor interest remains high.
2. Potential for More Exchange Listings
Currently, $MUSKIT is primarily traded on Raydium (DEX) and MEXC (CEX). Additional CEX listings could boost liquidity and attract new investors, potentially fueling another rally.
3. Market Sentiment and Meme Coin Hype
Meme coins thrive on community engagement and speculative hype. If Elon Musk acknowledges $MUSKIT in any form (as has happened with Dogecoin), it could significantly impact the coin’s trajectory.
Conclusion
While $MUSKIT’s massive pump and subsequent crash raise concerns, its relative strength against the broader market, decent liquidity, and upcoming catalysts suggest that it is not entirely doomed. However, traders should exercise caution, monitor key resistance/support levels, and watch for major exchange listings that could reignite momentum.
As always, investing in meme coins carries high risks and high rewards, making risk management crucial for those considering a position in $MUSKIT.
Gold Running bullish Trend All Time High Hello traders here's my New XAU/USD idea, what you think on it? share your thoughts in comment section
Gold (XAUUSD) is consolidating near the 2816 resistance level after a strong upward momentum from the 2793 support zone. On the technical side, the market shows bullish strength with higher highs, indicating the potential for a breakout toward the 2860 target. The bullish scenario aligns with fundamental factors such as recent market uncertainty, which supports demand for safe-haven assets like gold. We should watch for price rejection near resistance and consider economic data, including USD performance and interest rate expectations, which could impact gold's movement
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Breakout on USDCADUSDCAD Breakout Analysis
February 4, 2025
Technical Setup: Breakout Trade
Breakout confirmed after consolidation period
Previous resistance becoming support
Trade setup
Clear break above consolidation range
Strong momentum after breakout
Higher highs forming after breakout
Trade Opportunity
Entry: Support zone after break out
Stop Loss: Below breakout level
Targets: floating profit to catch major bullish trend
GBPNZD FORECASTThe higher timeframe looks good guys, I'm interested in the buying scenario because of how yesterday's candle closed. However, today's daily candle when it closed can give us a clear picture of where does the market is likely to go. But I won't ignore some potential the market will provide me. When you look at the 1H timeframe we find the market gives a clear structure and shows us the sense of continuation to the upside. Let's wait guys and see how the market will pray out.
Levels discussed during livestream 3rd Feb 20253rd Feb 2025
DXY: If price stays above 109.30, could see it trade up to 110, beyond that 111
NZDUSD: Sell 0.5530 SL 25 TP 60
AUDUSD: Sell 0.6080 SL 30 TP 80
GBPUSD: Sell 1.2230 SL 40 TP 120 (hesitation at 1.2164)
EURUSD: Sell 1.0160 SL 50 TP 150
USDJPY: Buy 156 SL 35 TP 70
EURJPY: Sell 159.40 SL 50 TP 100
GBPJPY: Sell 191.70 SL 50 TP 110
USDCHF: Wait and look for reaction at 0.92 resistance level
USDCAD: Sell 1.4655 SL 50 TP 100
XAUUSD: Look for reaction at 2790 resistance (break upwards to 2812 on recessionary/reinflation/trade war fear) or reject down on DXY strength (inverse relationship)