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XRP - Choppy Market, Will We See $1.5 Again?After finishing the 5-wave structure in early 2025, XRP had a rough patch, trading between $3 and $2 and offering some pretty neat swing trade opportunities. Now, two months later, the big question is: will this range continue, or is a breakout on the horizon? Let’s break down the key levels and high-probability setups. Short Trade Setup Resistance Zone: The weekly level and the 0.618 Fibonacci retracement are both around $2.5763 to $2.5792, aligning nicely with each other. The anchored VWAP from the all-time high at $3.4 adds extra resistance at about $2.63. Setup Details: A low-risk short trade can be considered at the weekly level, with a stop-loss set above both the anchored VWAP and the swing high. Target: The monthly open, aiming for an R:R of about 4:1. Support Backup: Additional support in this range comes from the 0.618 Fibonacci retracement (from a low at $1.9 to a high at $2.59), the weekly 21 SMA at $2.28, and a weekly level at $2.0942 just below the monthly open. This support between the weekly level at $2.0942 and the monthly open is crucial for maintaining bullish momentum. If it holds, the bearish short setup stands; if it breaks, things could get tricky. Long Trade Setup When to Consider a Long: If the support zone mentioned above fails, look for a long trade opportunity at the swing low around $1.77. Support Confluence: Primary Support: The swing low at $1.77, with lots of liquidity around that area. Additional Layers: The monthly level at $1.5988. The weekly level at $1.5605 sits just below the monthly. The 0.618 Fibonacci retracement from the 5-wave structure at $1.5351. Anchored VWAP from the low at $0.3823, aligning with the weekly level. And don’t forget the psychological level at $1.5. Setup Details: This long trade setup would offer an attractive R:R of roughly 6:1, targeting back to the monthly open for an approximate 33% gain, with a stop-loss placed below the $1.5 mark. XRP's current trading range has provided some good short and long trade setups, a long opportunity at the swing low ($1.77-$1.5) could be the next big play. Whether you lean towards short or long, finding these confluence zones helps in making more informed, high-probability trade decisions. If you found it helpful, please leave a like and a comment. Happy trading!
Long
by SiDec
3
Quotes Dropping? Here’s How to Find Support & Gain Best DealHave you ever found yourself wondering how to make sense of fluctuating quotes? What if I told you that the powerful key lies in understanding the power of expected range volatility? Ready? Let me 5 min to introduce you how understanding expected range volatility can give you the edge you need to succeed. The expected range volatility (ER) provides a framework for understanding how much the asset could move within a specific timeframe. Statistically, price movements within the expected volatility corridor have a 68% probability, based on CME market data and a Nobel Prize-winning calculation formula. This means that traders can rely on these insights as a powerful filter for making more precise entry points into trades. Key insight: when the market is quiet, and we approach certain price levels, there’s a 68% chance that the price won’t break through those boundaries. The ER formula is available on the CME exchange's website, and in just a few minutes, you can input the data to get incredible results. It’s truly amazing! I remember the first time I stumbled upon the ER tool. It felt like finding a gold mine in the trading world! I was amazed that such a powerful resource was available for free, yet it remained unnoticed by 95% of traders. At that moment, I began to explore the trading community and was shocked to see how underestimated this tool was. I couldn’t find a single author who utilized such valuable data in their analysis. But once I began to focus on expected range volatility and the data provided by the CME, everything changed. Since that I never make intraday trades without ER data was checked. Limitations: • Market Dynamics: Short-term price movements can be unpredictable due to various factors like market sentiment, news, and economic events. The Expected Range provides a statistical estimate but does not guarantee outcomes. • Assumptions: The formulas assume that price movements follow a log-normal distribution , which may not hold true in all market conditions. So, what about you? Do you utilizing the power of expected range volatility in your trading strategy? Share your thoughts in the comments below! And if you want make deeper insights , don’t forget to subscribe us. In the world of trading, knowledge is power. No Valuable Data - No Edge!🚀💰
CME:6JM2025Long
by ClashChartsTeam
Bitcoin (BTC/USD) Technical Analysis & Trade Setup Market Structure & Key Levels: The Bitcoin (BTC/USD) 4-hour chart displays a descending channel breakout, followed by a range-bound consolidation phase. Key Support Levels: $78,000 - $77,320: A strong demand zone where buyers have previously stepped in. $80,000: Psychological support level. Key Resistance Levels: $84,340: Short-term resistance currently being tested. $85,996: Next major resistance level. $89,363: Target resistance level if a breakout occurs. $92,331: A higher timeframe resistance level. Chart Pattern & Price Action: Descending Channel (Early March) Price was in a downtrend, forming a descending channel pattern. The breakout from this channel led to a shift in momentum. Range Consolidation (Current Pattern) After the breakout, BTC entered a sideways accumulation phase (marked by the red box). Price is bouncing between $82,000 - $84,500, showing low volatility and indecision. Breakout Possibility (Bullish Bias) A break above $84,500 could confirm a bullish move towards $85,996 and beyond. The next major target is $89,363, which aligns with previous resistance. Support Retest (Bearish Risk) If BTC fails to break resistance, we might see a retest of $80,000 or even $78,000. A break below $77,320 would invalidate the bullish scenario.
BINANCE:BTCUSDLong
by PIPsOptimizer
NQ - Feb 20th FrameworkWednesday failed to expand through Tuesday range. Weekly range currently in a consolidation. Consolidation protocol active. I am neutral on price until a sweep on the external range. Once a sweep occurs, I will hunt the 15m cisd and target the opposing liquidity. This will confirm the weekly profile & the intraday profile. Need the alignment for a high probability trade. Anything internal is lower probability for my model. Price MUST take external liquidity. Consolidation Reversal weekly profile likely. Mon - Wed in a range, Thursday raids external range then reverses, Friday offers continuation to opposing liquidity.
CME_MINI:NQ1!
by CEOTraders
VINE LOOKS BEARISH THEN 90% OR 300% INCOMINGAfter a failed breakout of the all time highs, we have broken the uptrend and look to aim lower. Unless the highs are claimed I'm currently bearish and looking for range lows to be tested for a long entry to back to the highs which can print 90% returns. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Short
by Navitility
2
GBPCHF: Potential Reversal from Resistance ZoneThe market is currently approaching a significant resistance zone, highlighted by multiple previous rejections. The current structure suggests a potential bounce from this area, followed by a move lower. This zone has proven to be a strong barrier in the past, and the overall market context supports a bearish scenario. My target for this setup is around 1.12785. However, I will remain cautious and monitor for any changes in volume or structure that could invalidate this idea.
Short
by DanieIM
$CELH Bounce Back January 2025 | +30% to +55% Upside PotentialNASDAQ:CELH Celsius is going through a "drastic narrative issue" due to comments made by the CEO about a $120 million drop in sales. The issue is related to Pepsi orders, not overall sales. Pepsi had been overloading on Celsius inventory over the past year and is now trying to work through that excess inventory. Celsius' actual consumer demand has increased 10% year-over-year, so the sales decline is not a demand issue, but rather a Pepsi inventory management issue. Celsius' ceiling is limited because Pepsi controls the distribution network, and Celsius has to "kneel to the king of Pepsi" in terms of order volumes. Based on Monster Energy’s multiples, Shay believes a fair valuation at $38-$42 (+40% to +55%). Pepsi’s inventory issue is a short-term headwind and we are confident in Celsius’ long-term growth potential. On the technical side, there is a beautiful range trade opportunity from $27 up to $36 (+33%). We are expecting this to bounce back heavily this January.
NASDAQ:CELH
by PennyBois
GBPAUD: Potential Rejection at ResistanceThe GBPAUD pair is currently trading near a key resistance zone, where sellers may regain control. This level has been a significant area of interest in the past, leading to reversals. The recent pullback into this zone suggests a potential for bearish continuation if price action confirms a rejection. If the market provides a clear rejection pattern, such as bearish engulfing candles or wicks signaling rejection, I anticipate a move downward toward the 1.99911 target level. This setup aligns with the expectation of a short-term correction within the broader market context. Let me know your thoughts or if you have a different perspective! Feel free to share in the comments.
Short
by DanieIM
Have you noticed Nvidia's Range? Waiting on a decision... The price continues to fluctuate, but not even the latest earnings report has been able to break out of this sideways channel (range) shown in the analysis. Nvidia is a powerhouse when it comes to its earnings reports, and while the price does fluctuate, it hasn’t done so with the same aggressiveness seen in previous months. At this point, we’re simply waiting for a decision—either wait for the price to break out of the channel, or, if you want to be more aggressive, look for the price to touch the demand zone to go long. You could do the opposite in the supply zone, but I don’t recommend it, as the overall structure remains bullish. Thank you for supporting my analysis. TRADE SAFE!
NASDAQ:NVDA
by RocketMike111
Crucial day for NAS100Today is a crucial day for the NAS100 index, as it faces a critical level at 21,245. The price action here will determine the short-term direction of the market. If NAS100 manages to break above 21,245, it could signal a continuation of its upward momentum, potentially reaching new all-time highs, with a target of 22,200 by January 2025. However, if the index fails to break this level and instead stays in a range-bound consolidation for a few days, the price may hover in the current levels, waiting for further clarity. A key support level to watch is 20,700; if the NAS100 refuses to fall below this price, the index could build enough strength to push towards the 22,200 target. On the other hand, if the index breaks below 20,700, it may retest the base of the channel at 20,517. A breach of this level could lead to further downside, with 19,500 as the next target, followed by 18,300. In the worst-case scenario, a breakdown could push the index all the way down to 17,400. Thus, today's price action is vital for determining whether the NAS100 will reach new highs or face a deeper correction.
FUSIONMARKETS:NAS100
by QuantumFusionWave
Palantir will move after earnings so hold tight ! As long as Palantir remains within the upward channel, it’s still in play! There’s an imbalance guiding the price, preventing it from dropping. We’ve seen the price attempt to go up twice already, so as long as Palantir stays within the channel and respects the imbalance, I’m quite confident it will make a third attempt to break the high. On the other hand... We have the earnings report coming up Monday pre-market, so whatever happens at the open, we’ll know which direction the price will take based on the report’s results. Keep a close eye on this! Best regards.
P
by RocketMike111
NVIDIA Waiting for the big day !!!! Although we closed last week with a candlestick pattern called an 'Inside Candle,' the following candle was green, but it didn’t exceed the last high (see slanted yellow arrow). Nvidia is stronger than ever, but that doesn’t mean the price won’t take a pause or make a small pullback before its report; rather, the price is likely entering an accumulation phase, as everyone expects Nvidia’s upcoming quarterly report to show excellent earnings results. So my forecast for Nvidia is that it will fluctuate between my point of interest as resistance and the yellow order block as support, but the most important moment here will be its earnings report day—that’s when the price will make a decision and direction. Thank you for supporting my analysis. TRADE SAFE Best regards!"
NASDAQ:NVDALong
by RocketMike111