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ETC On Vital Trendline Retracement !Ethereum Classic (ETC/USDT) is showing promising signs of bullish momentum following its breakout from a descending triangle formation. The price is currently consolidating above the trendline, indicating that the breakout level is holding as a strong support. This consolidation phase often precedes the next leg of a price movement, as the market builds strength for a potential continuation. At the current price of $27, Ethereum Classic appears to be in a retesting phase. This is a critical moment where the price tests the breakout level to confirm it as support. Successfully holding this level would reinforce the validity of the breakout and provide confidence for further upward movement. A significant factor to watch here is volume. A notable spike in trading volume would signal strong buying pressure, which could drive the price higher. If this occurs, the next resistance to overcome lies around $31, and surpassing that could lead ETC toward the $35 to $40 range, based on historical price action and the measured move from the triangle breakout. If the price fails to maintain support above the $25.50-$27 range, it could lead to a deeper pullback, invalidating the bullish scenario. This makes the current consolidation phase a crucial moment for traders to watch. Ethereum Classic is positioned for a potential upward move, provided it holds above the trendline and volume supports the breakout. Patience and vigilance are key as the market awaits a decisive push.
Long
by wolfchemist
1
Learn What is Higher High, Higher Low, Lower Low, Lower High In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows. In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags . Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them that you should learn to recognize. 1️⃣ Equal Highs (EH). The peaks of bullish moves will be called equal highs, if they perfectly respect the same level (resistance), retracing from that and not managing to break above. Above is the example of equal highs on Gold chart on a daily. 2️⃣ Equal Lows (EL). The peaks of bearish moves will be called equal lows, if they perfectly respect the same level (support), bouncing from that and not managing to break below. Find perfect equal lows on USDCAD on the chart above. 3️⃣ Higher High (HH). The peak of a bullish move will be called Higher High, if the price manages to violate the previous high after a retracement. Look at a perfect sequence of higher highs on NZDUSD. 4️⃣ Lower Low (LL). The peak of a bearish move will be called Lower Low, if the price manages to violate the previous low after a pullback. Trading in a strong bearish trend, NZDCAD keeps updating lower lows on a daily. 5️⃣ Higher Low (HL). The peak of a bearish move will be called Higher Low if, after a retracement from the high, the price manages to set a low that is higher than the previous low. Back to the example on NZDUSD. Not only the price updates the higher highs but also the higher lows. 6️⃣ Lower High (LH). The peak of a bullish movement will be called Lower High if, after a pullback from the low, the price sets a high that is lower than the previous high. That's how EURJPY acted on a daily, setting 2 nice lower highs. Why these terms are so important? Because, firstly, you can apply them to objectively identify the market trend. Secondly, all the price action patterns are based on a combination of these highs and lows. You should learn these terms by heart, and you should learn to perceive the price chart as the sequence of zigzags, with a strict designation of each peak. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
3
Bitcoin at a Crossroads Will $104K Support Hold the Line ?Bitcoin/USDT market, where price action is confined within a symmetrical triangle pattern. This pattern reflects a period of consolidation and market indecision, as buyers and sellers are evenly matched, leading to a narrowing price range. The eventual breakout from such a formation is often significant, as it indicates the market's chosen direction. A notable observation on the chart is the fakeout above the upper trendline. The price briefly moved past this resistance but failed to hold, retreating back into the triangle. This suggests weak bullish momentum or strong resistance, possibly trapping early buyers and increasing volatility as these positions are unwound. Bitcoin's movement has also impacted altcoins. The retreat within the triangle appears to have triggered another round of declines in altcoin prices. Given Bitcoin's dominance in the crypto market, its stability and direction often dictate broader market trends. A decisive move by Bitcoin is critical for a potential recovery in altcoins. The $104,000 level serves as a crucial support area in the current scenario. A breakdown below this support could lead to intensified selling pressure, with the next potential targets around $102,000 and $100,000. On the other hand, if this level holds, it could act as a foundation for another attempt to break above the triangle's resistance. This would restore market confidence and likely initiate a rally. There are two potential outcomes. A bullish breakout above the triangle, supported by strong volume, could spark upward momentum and drive altcoin prices higher. The measured move target for such a breakout would typically equal the height of the triangle projected upward. Alternatively, if Bitcoin fails to hold $104,000, the bearish scenario would see a breakdown below the lower trendline, resulting in a deeper correction. Volume analysis is essential in this context. A genuine breakout is often accompanied by significant trading volume, while low-volume moves are more likely to reverse or fail. Traders should remain cautious, especially as the price approaches the apex of the triangle, where volatility tends to spike. Bitcoin's price action is also influenced by external factors such as market sentiment, news events, and broader macroeconomic conditions. Considering these elements alongside the chart structure is essential for a comprehensive analysis. Traders should wait for a confirmed breakout above or below the triangle before taking directional positions, with stop-losses in place to manage risk effectively.
BINANCE:BTCUSD.P
by wolfchemist
GOLD TODAY'S EXPECTED MOVEIn this analysis we are focusing on 2H time frame for finding the upcoming moves and changes in Gold price. So let's see what's happens and which opportunity market will give us. Make sure Bearish confirmation must important, when you execute your trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. Feel free to share your thoughts on this in the comments below. I’d love to hear your reflections. #XAUUSD 2H Technical Analysis Expected Move.
FX:XAUUSDShort
by TradeTacticsreal
1
2025-01-23 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel continues and we are at the top again. At this point it’s possible this spikes above the channel to print 22k. Wild to live through this tbh. 21700 likely next, bears need something below 21500 and then 21380. It’s beyond climactic and overbought. current market cycle: bull trend - blow-off top key levels: 21200 - 21700 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Nothing new to report. Channel is holding and we are just moving higher without much resistance. Nothing changed. Again. Invalidation is below 21300. bear case: Bears need to start closing the gaps. This also has not changed. The bullish channel lives and until we break out of it, there isn’t much to analyse. All of my bullish targets are met and this looks just like the climactic end but who know’s where it will stop… Bears have nothing to think about here. Way too early for any short. Invalidation is above 21700. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-23: Market hit 21600 and now it’s about being patient until we sell-off again. I won’t be picking tops again. I just wait now. current swing trade: None. trade of the day: Buying near the 1h 20ema as mentioned the last couple of days.
XETR:DAX
by priceactiontds
2025-01-23 - priceactiontds - daily update - oilGood Evening and I hope you are well. comment: Pretty much tapped out of this market at the moment. I thought it looked decent that we could bottom out at 75 but another strong spike down to 74.5 is wild. current market cycle: trading range key levels: 73 - 80 bull case: Bulls have their do or die moment at 73 tomorrow. Either bottom out or we likely see 70 next. The buying was so climactic upwards but now it’s the same for the selling. Tough market for me. Got honestly nothing for the bulls until they print higher highs again and trade consecutive 1h bars above 76.5. Invalidation is below 75. bear case: Bears just took this over from the high and we are selling every little rip. Amazing to see but I still think it’s tough to trade. I won’t turn bear now right at the 50% retracement and daily 20ema. Below 74 we could test 72 next and afterwards there is no more support until 70. Invalidation is above 76.5. short term: Either it finds support at the daily 20ema around 74 or it might es will just continue down to 70 again. medium-long term - Update from 2025-01-19: Triangle is dead and market is now in a proper trading range with upside to 80 or even 85. current swing trade: Nope trade of the day: Shorting 76 has been profitable since Tuesday.
NYMEX:MCL1!
by priceactiontds
Auto1: buying high and selling higher opportunityAuto1 is currently in a bullish trend, making it an attractive opportunity for momentum traders. The price action suggests a 'buy high, sell higher' scenario, where the stock's upward momentum could continue to deliver gains. Traders may consider entering now to capitalize on this trend, as the stock seems poised to reach new highs in the short to medium term. However, keeping an eye on key support and resistance levels will be crucial to managing risk effectively
XETR:AG1Long
by paisakkaran
2025-01-22 - priceactiontds - daily update - daxGood Evening and I hope you are well. nasdaq e-mini futures comment: Market went a couple of points short of the previous lower high 22111 but it probably won’t mean much. We are close enough that we can retest the ath now. There is a big gap even on futures down to 21700 and if that stay’s open, bulls can go higher. We have the big upper bull trend line that goes to around 22600, so this could be a potential target. Bears need to get below 21900 to turn the market a bit more neutral. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 21800 - 22600 bull case: Strong buying through the day and then a melt-up on US open. Bulls are in full control and have their eyes on the ath 22450. We have two bull trend lines that should hold. One is very close to 21980 which will likely be broken during the Globex session and the next around is currently at 21780. Invalidation is below 21700. bear case: I don’t think bulls should allow the market to fall that much if they want a new ath. Either we keep the momentum going or we might go sideways here and print another lower high. Bears are not doing anything right now except some after hours spikes but they go nowhere. Tuesday night was decent but no follow-through and we have just melted since. First target for the bears is to get below 21900 again and then test the other trend line below us. Invalidation is above 22600. short term: Bullish after pull-backs. I won’t look to short this until bears have shown much more strength. medium-long term - Update from 2024-01-22: Let’s see if we print a new ath and what kind of reaction follows. For now I think we go much more sideways 20000 - 22600/23000. current swing trade: None trade of the day: Buying anywhere below 22000 was pretty amazing since first hour in Globex printed the low.
CME_MINI:MNQ1!Long
by priceactiontds
#BEARISH BIAS (SYMMETRICAL TRIANGLE)We are currently trying to find a trade opportunity in the GBPJPY currency pair. On the 1D time frame, the market has formed a symmetrical triangle pattern, which indicates that there are chances of the price moving downward. For now, we will wait for the price to reach our resistance level and observe how it reacts at these key levels. Once the price reaches these key levels, we will look for some bearish confirmation, such as candlestick patterns or price action signals, before taking action. Let's work together to seize this opportunity when the price reaches the key levels. Trigger your trade after confirmation. Further update will be provided time to time. Follow on T-G .
Short
by amywade6257
#UPDATE FOR BTCUSDMy team and I are closely watching a potential bullish opportunity on the BTCUSD pair. The next step is to see when the price reaches our support zone and how it reacts. Stay tuned for more updates by following T-G . Before taking any step confirmation should be taken by analyzing more deeply in smaller time frame, when markets open. Remember, always use calculated stoploss for your trade. What are your thoughts? Share your insights below and let’s spark the discussion!
BITSTAMP:BTCUSDLong
by amywade6257
FIL/USDT on the Verge of a Bullish Breakout $6+ Target FIL/USDT forming a symmetrical triangle pattern, typically a continuation or breakout pattern. Symmetrical Triangle Formation The price is consolidating within a narrowing range, forming higher lows and lower highs, indicative of a symmetrical triangle. This is often seen as a neutral pattern, but given the previous uptrend, it leans bullish. Potential Breakout Zone A breakout is expected once a 4-hour candle closes above the upper trendline. This would signal bullish momentum and provide an entry opportunity for a long position. Key Levels Current price is $5.107. The immediate target after the breakout is set around $6+ based on the pattern's height and prior resistance levels. Confirmation Wait for a confirmed close above the trendline with strong volume before entering the trade. This minimizes the risk of a fake breakout. Risk Management Set stop-losses below the triangle's lower trendline or near recent lows to manage risk effectively. Keep a close watch on the breakout level. If the price closes above the triangle with momentum, a move toward $6+ becomes a likely target.
Long
by wolfchemist
2
BEARISH CORRECTION MOVEWhat’s your perspective on XAUUSD? Gold is approaching a pivotal resistance zone, a level it has tested multiple times without breaking. At this moment, the strength to surpass this barrier remains uncertain. The expectation is a potential reaction to this resistance, leading to a correction toward the target level highlighted in the analysis. Before taking any step confirmation should be taken by analyzing more deeply in smaller time frame, when markets open. Remember, always use calculated stoploss for your trade. What are your thoughts? Share your insights below and let’s spark the discussion! Like and engage—let’s connect in the comments! 🔥
FX:XAUUSDShort
by amywade6257
2
DXY SELL ENTRY MODULEThe DXY is currently testing a key demand level. If a further drop is to unfold, I anticipate a valid retest before it taps into the supply OB and continues its descent. Watch for the price to enter our expected zone, confirm the setup, and then execute your trade. Always set a stop-loss for your trades to protect your capital and manage risk effectively. Always use proper money management and proper risk to reward ratio. #DXY 1H Technical Analyze Expected Move.
TVC:DXYShort
by TradeTacticsreal
AAVE/USDT at the Brink Will the Wedge Breakout Spark ?This is a daily chart of AAVE/USDT, showing a symmetrical wedge or descending triangle pattern formi Pattern Structure The chart shows a series of lower highs and higher lows, confined within two converging trendlines. The price is approaching the apex of the structure, suggesting a potential breakout soon. Current Price Action The price is near the upper trendline at $360.06, indicating a test of resistance. There is a recent rejection at the upper boundary, suggesting sellers are defending this level. Trend This is occurring within a larger bearish context (from the visible left part of the chart), as indicated by the lower highs in the pattern. Key Levels Resistance Around $405, corresponding to the upper boundary of the pattern. Support Around $265, the lower boundary of the pattern. Breakout Levels A breakout above $405 could signify bullish momentum, targeting levels such as $465 or beyond. A breakdown below $265 would open up the potential for a bearish move, possibly targeting $205 or lower. Trading Considerations Breakout Potential A breakout above the resistance trendline would need to be accompanied by strong volume to confirm bullish sentiment. Similarly, a breakdown below the support trendline should be confirmed with high volume for bearish continuation. Risk Management If entering a position near these boundaries, stop-loss levels should be placed slightly beyond the opposite trendline to minimize risk. False breakouts are common in wedge patterns, so monitoring retests of breakout levels is crucial. Market Sentiment The sentiment in the cryptocurrency market and any fundamental news related to AAVE may influence the next move.
Long
by wolfchemist
RUS 2000 | Market Crash AheadDetailed analysis in regards to my latest video. Comparing RUS to the general markets we can see that SPX is overperforming which can be used as a leading indicator to prepare for a possible crash to come most likely mid year Q2 - Q4 and bleeding into 2026. I also added DJT to the mix and it also is underperforming to what the SPX is doing now days. What does this mean for crypto? We can see BTC attempt to make one more leg to the upside, no more than $300k and at least a 100% runup from current levels ~($108k). Altcoins will most likely look to rip Q2 - Q3 as BTC.D struggles to run any higher. DXY is also at a structural low ~(100) and will look to finish its goal to hit ~120. My original call since 2021 was to see BTC hit $300k by 2025 - 2026. We'll see if price action surprises me! My SPX call in 2023 also gladly hit $6,000..we'll see whats next to come👀
FX:US2000
by Nathanl19
2025-01-21 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Bull channel/expanding triangle, doesn’t matter. Trade it until clearly broken. No one knows how high this can go and I said, until we clearly see consecutive big bear bars, bulls are in full control and you should look for longs instead of shorts. Market is beyond overvalued and overbought but that does not matter for now. current market cycle: bull trend key levels: 21000 - 21500 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Bears have spikes and that’s it. Bulls are buying everything and just melting this higher. Invalidation is below 21000. bear case: You can not start looking for shorts until bears have closed a 1h bar below 21000. This is probably true for most traders. Are you 1 in a million and can make money trading both sides on this? Good for you but for the rest of us, we better come with easy to follow, tested and profitable strategies and try to survive. Trend is your friend. Don’t fight it. Was I wrong about the bearish outlook? Timing-wise, yes. But that will never stop me form changing my mind and trade what’s in front of me. I am here to make money and not to be proven right. Invalidation is above 21500. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buying big previous support around 21000.
EUREX:FDXS1!
by priceactiontds
2025-01-21 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: One again we saw a huge Globex sell spike but now follow-through. Bulls are on their way to 6100 and there we will see how many buyers we can find to retest the ath 6186. Plan is simple, trade the bull channel/expanding triangle until clearly broken. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 6000 - 6100 (above 6100 comes 6200 into play) bull case: Bulls are in BTFD mode and making higher highs again. 6100 is their next target and the last resistance until 6186. Problem for the bulls is that we get decent sell spikes and holding through them is tough. That is probably why we see bigger profit taking when we print new highs. Invalidation is below 6000. bear case: Bears ask themselves how many pushes on whatever time frame bulls can honestly get. The 6100 likely won’t hold but how many are willing to buy above 6100 when we could easily pull-back 100 points. We will find out tomorrow. Bears don’t have many arguments. We have a clear bull pattern upwards and the best they can hope for is to scalp short on new highs for a decent pull-back. Until bears can close consecutive bars below 6000, I would not look for bigger shorts. Given the current erratic price action due to orange man tweets, it’s a wild ride. Trade smaller and with wider stops. Invalidation is above 6120. short term: Bullish for 6100, then Neutral until clearly breaking out above again. Targets above are 6186 and then 6200. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None trade of the day: Buying 6000, duh. Otherwise literally every touch of the 1h 20ema.
CME_MINI:MES1!
by priceactiontds