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USD/CHF falls after disappointing CPI news🔔🔔🔔 USD/CHF news: 👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control. 👉Disappointing US CPI data and previous weak news have added to the weakness of the US Dollar. Personal opinion: 👉USD/CHF is likely to continue its bearish momentum in the near term. 👉However, DXY is recovering to the upside for the second consecutive day. RSI (1D) shows signs of increasing again after entering the oversold zone 👉Consider Sell at the retest zone of 0.8850 because this is a strong resistance area and safer Analysis: 👉Based on the resistance - support levels and Pivot points combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8855 – 0.8870 ❌SL: 0.8900 | ✅TP: 0.8810 – 0.8765 – 0.8720 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Phemex Analysis #67: Is It Time to Buy Ethereum (ETH) Now?!Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price volatility recently. After reaching a high of $4,112, ETH's value declined to $1,752, reflecting a broader market downturn. This sharp correction has led many investors to question whether now is an opportune moment to "buy the dip." To navigate this uncertainty, it's essential to consider various scenarios that could influence Ethereum's price trajectory.​ Scenario 1: Continued Downtrend The recent breach of key support levels, coupled with the Relative Strength Index (RSI) entering oversold territory, suggests that bearish momentum may persist. If Ethereum fails to maintain support at $1,752, it could test lower levels, potentially around $1,500, $1,368, or even $1,150. External factors, such as macroeconomic pressures and reduced investor confidence, could exacerbate this decline.​ Pro Tips: Short Positions: Experienced traders might consider short-selling strategies to capitalize on further declines, ensuring they have a clear exit plan.​ Buying at Support Levels: Long-term holders may consider accumulating gradually near these support levels.​ Scenario 2: Consolidation Phase Ethereum may enter a consolidation phase, trading within a defined range as the market seeks direction. This period of sideways movement could last until new catalysts emerge to drive the price either upward or downward.​ Pro Tips: Range Trading: Identify key support levels ($1,753, $1,500, $1,368) and resistance levels ($2,317, $2,856, $3,436) to execute buy and sell orders effectively within the trading range.​ Patience: Avoid overtrading during consolidation; wait for clear signals before making significant moves.​ Scenario 3: Bullish Reversal Despite recent declines, Ethereum's strong fundamentals and ongoing network developments could lead to a bullish reversal. If ETH manages to reclaim and sustain levels above $2,000, it may signal renewed investor confidence and the potential for an upward trend.​ Pro Tips: Accumulate Gradually: Consider dollar-cost averaging to build a position without exposing yourself to immediate market volatility.​ Stay Informed: Keep abreast of technological upgrades and institutional adoption that could positively impact Ethereum's value.​ Conclusion Deciding to invest in Ethereum during its current price dip requires careful consideration of various market scenarios. By employing strategic approaches tailored to each potential outcome, traders can better navigate the complexities of the cryptocurrency market. As always, thorough research and prudent risk management are essential when making investment decisions. Tips: 🔥 Break free from "buy low, sell high"! Our new Pilot Contract empowers you to profit from ANY market direction on DEX coins with up to 3x leverage. Go long, go short, go further! Check out Phemex - Pilot Contract today! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Bitcoin Price Analysis Across Market Cycles (2013-2021) 2013 Market Cycle January to April 2013: • BTC price started trading above the PI Cycle Top indicator, signifying a strong uptrend. • Price consistently held above the daily 10 EMA for the entirety of the movement, confirming bullish momentum. Key Corrections During the Uptrend: Date Correction (%) Duration March 6-7 30% 2 days March 12 24% 1 day March 23 25% 1 day March 28 20% 1 day April 4 18% 1 day Summary: • Total of 5 major corrections during the uptrend. • Price consistently traded above the PI Cycle Top indicator for 70 days until reaching the top on April 10. ---------------------------------------------------------------------------------------------------------- 2013-2014 Market Cycle October 2013 to December 2013: • BTC price began another strong uptrend, trading above the PI Cycle Top indicator starting in October. Key Corrections During the Uptrend: Date Correction (%) Duration October 24 24% 1 day November 10 20% 1 day November 19-20 50% 2 days December 10 30% 1 day December 13 29% 1 day Transition to Downtrend: • A double top pattern emerged after the December corrections. • The price fell below the 10 EMA, signaling the start of a bear market. Summary: • Price traded consistently above the PI Cycle Top indicator for 46 days until the top in December 2013. ---------------------------------------------------------------------------------------------------------- 2017-2018 Market Cycle May 2017 to December 2017: • BTC price began trading consistently above the PI Cycle Top indicator in late May 2017. Key Corrections During the Uptrend: Date Correction (%) Duration May 25-27 30% 3 days June 12 39% 35 days September 2 40% Shorter than June November 8 30% 1 day December 8 23% 1 day Summary: Despite temporary corrections, the price maintained its uptrend and traded above the PI Cycle Top indicator for 80 days until the top on December 17. --------------------------------------------------------------------------------------------------------------- 2020-2021 Market Cycle December 2020 to April 2021: • BTC price began trading above the PI Cycle Top indicator on December 17, 2020. Key Corrections During the Uptrend: Date Correction (%) Duration January 9 30% 19 days February 22 25% 6 days March 14 18% 12 days Summary: • Price maintained its uptrend and traded consistently above the PI Cycle Top indicator until the cycle top on April 14, 2021. Overall Observations Across Cycles: 1. The PI Cycle Top indicator serves as a reliable reference for identifying strong uptrends. 2. Corrections of 20%-50% are common but often see recoveries above the 10 EMA or 50 EMA, depending on the market phase. 3. Prolonged trading above the PI Cycle Top indicator (ranging from 46 to 80 days) often precedes market tops. 4. Patterns of corrections and recoveries provide insights into market sentiment and momentum during each cycle. Additional Insight: • Over the cycles, every time the price consolidates above the PI Cycle Top indicator and forms a base over or around daily 10 EMA, it has indicated the start of an uptrend movement that eventually leads to the market top. 2013 2014 2017 2020
INDEX:BTCUSDLong
by KuroHei
1
DOGE 4HR Analysis Here is the current 4 Hour range within the 1st zone I was looking for. Personally, I still see more downside as bears are still in control. There is potential for a breakout on the 4HR but confirming congruence on the Daily has me hesitant as the Daily Timeframe would still hold a downward trend. —————————————————————— Diving further into the structure of the candles I noticed there are more wicks from the bottom side of the candles than the top; a confirmation bears and the downward trend are still in control. Bulls are starting to defend this level, but to me it’s a sign that buy side liquidity it being created. If I’m a seller, this is a great place to manage risk for further downside. If I’m a buyer, I’m being patient as the retracement back to supply seems to be almost over.
COINBASE:DOGEUSD
by Venture13
Silver's Breakout—From Graveyard to Launchpad?Silver looks great on the charts, closing above $33 for the first time since late October. Previously, this was like a graveyard for bullish raids, putting increased emphasis on the price action over the next few days. Whether you’re talking price or momentum signals, they suggest this break may stick where others failed, putting a potential retest of the October 2024 swing high of $34.87 into play. We saw a key bullish reversal candle on Tuesday, followed up by further buying on Wednesday, contributing to the bullish break. That’s not surprising given price signals have often proved accurate in silver recently. RSI (14) is trending higher, with MACD confirming the bullish momentum signal. The ducks are lining up. If silver can’t capitalise in this environment, it will be a telling sign as to where medium-term directional risks may lie. Those considering bullish setups could buy above $33 with a stop beneath the level for protection. Some resistance may be encountered around $34 and $34.50, with a break above the latter putting $34.87 on the table. $35.36 and $37.46 are long-standing levels located just above. If silver were to reverse and close through $33, the near-term bullish bias would be invalidated. Good luck! DS
FOREXCOM:XAGUSD01Long
by FOREXcom
EURCAD Wave Analysis – 12 March 2025 - EURCAD reversed from the resistance area - Likely to fall to support level 14.20 EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous upward impulse wave (3). Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 14.20.
Short
by FxProGlobal
XAU/USD Bullish Outlook: Wyckoff Accumulation & Breakout PotentXAU/USD (Gold) - 2H Chart Analysis 🏆📈 🔹 Wyckoff Structure Insight The chart shows signs of a Wyckoff Accumulation phase. UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab. Test of the resistance level before a strong rejection downward. SOW (Sign of Weakness) was observed, but buyers regained control. 🔹 Key Technical Levels Fair Value Range marked below, showing a potential area of demand. Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward. Gap below indicates a previous liquidity sweep before the bullish reversal. 🔹 Trend & Price Action The 200 EMA (red line) is holding as dynamic support. Current price action is showing higher lows and bullish structure development. Projected bullish move 📈 is expected to test the $2,940+ region. 🔹 Trading Bias: Bullish ✅ A retracement to the EMA or minor pullback could offer re-entry opportunities. Invalidation level: Below $2,900, where momentum could shift bearish. 🚀 Gold remains strong; watch for breakouts above $2,940!
OANDA:XAUUSDLong
by MrStellanSight
The Biggest Threat to Crypto in 2025The biggest fundamental problem for 99% of crypto projects now is liquidity. 🔻Smart liquidity is stuck in ETFs, unable to flow into altcoins. 🔻Dumb liquidity poured into memecoins, only to be cashed out into CRYPTOCAP:BTC or fiat. 🔻Projects are struggling — no funding, no BD, no marketing. 🔻VCs are dry — some haven’t deployed capital in over a year. 🔻KOLs are silent — presales are dead, free allocations? Wiped out. Yet somehow, BINANCE:OMUSDT keeps building — securing a VARA license, launching RWAccelerator with Google Cloud, and gaining support from major players like Justin Sun and Dubai’s sovereign funds. Maybe the great cleansing has begun - separating real utility from the hype. #CryptoNews #MANTRA #NFA #RWAs
Long
by charlesethaan7432
Bitcoins Weekly chart(Every Major Wave) This current 'pump'(Wave 5), began in November 2022 after a Wave C(Blue) reached the end, hence Wave 4(Red) was completed. Waves are inevitable as they are guided by the laws of nature. Nothing always goes up, there must be dips, some small and some very huge. Highlighted in a Blue line is 'dip' and based on 'Advisors', they would say buy the dip. This is not always good advice and in this example, this advice would bring huge losses shortly after. My Advice is to know which dips to buy, when to get out and when to wait. All this is encompassed in Elliott Wave Principles and Fibonacci Retracements. As per usual its big moves and you will always have a chance to avoid huge losses. Follow for an Elliott Wave explanation of a Stock Market Crash.
INDEX:BTCUSD
by machariavictor017