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Retest

🥇 GOLD - Retest of strong resistance before the news Gold is testing resistance before the publication of strong news in the US market. Most likely, based on the analysis of the fundamental outlook, the dollar may get bullish volume and start local strengthening. Gold in this case may lose its positions and after a false breakdown of 2050 or 2058 head downwards, accompanying the current trend direction Prerequisites for further decline: 1) Price from below is testing resistance (previously broken 2048 support) 2) Fundamentally, bears have come to the gold market 3) Long candles relative to the current resistance 4) False Breakout 5) Global reversal pattern
OANDA:XAUUSDShort
by AndeWave
5
Strong Breakout confirm for the 5th wave of ImpulseWaveOn week chart I figured out the Impulse Wave has begun from $15,4xx and now it's been happening the fifth wave with target around $40,000 and can be further at $42,000. You easily spot the strong Valid Breakout happened around $31,300 within volume higher 130% Avg. Vol 30 days and now, it will retest or keep up climb higher and higher cause the bullish candle has a bit little wick that shows strength of buyer. However, my view Bitcoin can reverse a bit before go up again because ADX > 80 and RSI Overbought these signals is good for reversing. Wait and see around $31,300 Time will tell
Long
by trieutv
CRV / USDT - Bullish Momentum ContinuationTechnical Analysis: Retest of Previous High: price has recently undergone a successful retest of its previous high, indicating a robust support level that could contribute to a sustained bullish trend. 200 Moving Average Breakout: The 200-day moving average has been convincingly breached, signaling a potential shift in the trend and attracting bullish sentiment. Price Action and Trend Analysis: The retest of the previous high coupled with the breakout above the 200-day moving average suggests a favorable environment for further upward movement. Target: Target: $0.7910 Risk Management: As with any trade, consider implementing risk management strategies. Set stop-loss orders to protect your position in case of unexpected market movements.
Long
by K_M_M
Monero(XMR): We Will Sell Soon! The XMR/USDT market is displaying some dramatic price action. The recent sharp decline suggests a significant urge for downward movement. Despite these bearish liquidity moves we are having on the market, the price of XMR has re-tested the major resistance (which once was broken and we had a nice fakeout). If this retest turns out to be a fakeout, it indicates that sellers are still in control, and we could expect further downside towards the $157.51 support level. This bearish scenario aligns with the recent drop and will be further substantiated if the price fails to reclaim higher levels soon.
Short
by SwallowAcademy
SWING IDEA - BALRAMPUR CHINIBALRAMPURCHINI seems to be in a very crucial buying zone. The reasons are listed below : Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels again. Broke the ascending triangle pattern i.e a bullish sign. 200EMA support on daily timeframe. Stock was in a consolidation phase from last 1.5 years. Higher high are being formed. Support formed at 411 levels which was a strong resistance previously. Target - 462 // 520 SL - 406 on closing basis
NSE:BALRAMCHINLong
by Visionary_Growth_Insights
Safe Bulkers, Inc. ($SB) AnalysisSector: Industrials - Marine Shipping | Country: Monaco Company Overview: Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the vital maritime logistics infrastructure. Performance Metrics: NYSE:SB demonstrates compelling performance metrics within the small_cap screening, indicating potential opportunities for investors. Relative Strength: Exhibiting robust relative strength scores of 3.97 against its sector and an impressive 5.11 against the S&P500, NYSE:SB showcases resilience and outperformance against broader market benchmarks. U/D Ratios: With a U/D ratio of 1.77 (50 days) and 2.24 (15 days), NYSE:SB reveals positive market sentiment and notable upward price movements. Detected Base Depth: A substantial detected base depth of 70.67% positions NYSE:SB favorably, indicating a solid foundation for potential future growth. Price Dynamics: Despite a slight volume deviation of -2.32% below its 15-day average, recent candlestick patterns reveal a 1.33% range in the last candle body and a strong 100.0% closing range. This signifies strong bullish momentum and stability. The last closing price, at -1.04% away from base resistance, provides an attractive entry point, suggesting potential for further upward momentum. Short-term Trends: Over the last 10 days, NYSE:SB has experienced declining prices, volume, and accumulation, reflecting short-term pull back sentiments. EMA Analysis: Historical EMA patterns suggest that NYSE:SB usually encounters local tops when the price closes around 49.18% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.51% away from the 50 EMA, indicating potential correction levels. Trade Idea: An entry at $3.9 aligns with pullback and accumulation signals, providing an attractive risk-reward profile. A disciplined stop loss at $3.62, based on recent lows, mitigates risk and ensures prudent risk management. The proposed trade targets an impressive 5.43 Risk-Reward (RR) ratio, with a target price of $5.44, anticipating a total profit of $217.05 or 39.47%. Conclusion: Safe Bulkers, Inc. ( NYSE:SB ) exhibits strength in the Marine Shipping sector, with robust relative strength and a detected base depth. The proposed trade idea aligns with pullback and accumulation signals, offering an attractive entry point for investors seeking exposure to potential future growth in the maritime shipping industry.
NYSE:SBLong
by HaseebKhan_90
2
🔥 DXY INDEX bearish analysis) 1D tame Fram 🖼️) 🕐🕐hello traders what do you think about dxy index)? guys dxy index. Breakdecline Support level that a retest Rsl 105.000 breakdance to confirm selling pressure down. Support level 104.300 Gold poised for first weekly drop in four before US jobs data Dec 8, 202315:23 GMT+5 KEY POINTS: Gold down 1.5%, silver loses over 6.6% this week U.S. dollar on track to snap three straight weeks of losses U.S. non-farm payrolls data due at 1330 GMT Gold prices were flat on Friday, as markets looked forward to the crucial U.S. jobs data for more clues on the Federal Reserve's monetary policy decision, although a firmer dollar kept bullion on track for its first weekly fall in four. Spot gold GOLD was steady at $2,027.39 per ounce by 0951 GMT. Bullion, however, has fallen nearly 1.5% for the week so far. U.S. gold futures GOLD were flat at $2,043.70. Bullion scaled an all-time peak of $2,135.40 on Monday on elevated bets for a rate cut by the Fed, before dropping more than $100 on uncertainty over the cut's timing. "Traders are expecting to get a clear idea on how the Fed is going to change their policy decisions in the coming meeting - so today's jobs data would be the primary key," said Hareesh V, head of commodity research at Geojit Financial Services. "Major crash in gold is not the immediate trend because most of the parameters are favouring prices and the Fed policy would be the key trigger that can guide medium to long term direction of gold prices" The U.S. non-farm payrolls report for November is due at 1330 GMT. It is expected to show that employers added 180,000 jobs last month. (USNFAR=ECI) The dollar index DXY , meanwhile, was up 0.2% and set to snap a three-week losing streak, making gold more expensive for other currency holders. Markets are pricing in a 60% chance of a U.S. rate cut as soon as March, CME's FedWatch Tool showed. Lower interest rates boost the appeal of holding gold. Spot silver XAGUSD1! lost 0.2% to $23.73 per ounce, while platinum PL1! gained 1.3% to $918.84. Both were set for weekly declines. "Palladium's long-term bear market looks set to continue, with prices likely to halve again over the next 2-3 years," Citi Research said in a note. Palladium XPDUSD1! rose 0.6% to $975.81, but was set to log a second weekly loss.
TVC:DXYLong
by SMC-Trading-Point
🚀 Ethereum: Breaking the Triangle! Next Stop - $1600 ??Ethereum (ETH) is currently carving its path within a significant ascending triangle, a pattern that often signals powerful price movements. However, recent developments suggest a breakthrough, warranting a closer look at the potential implications for traders and investors. Chart Analysis: Breaking Boundaries Ascending Triangle Overview: ETH's journey has been marked by an impressive ascending triangle, indicative of a bullish trend. Triangles often precede substantial price movements, and ETH's recent actions are proving this pattern's significance. Boundary Breakthrough: Recent price action shows a decisive breakout above the upper boundary of the ascending triangle. The breach is a notable event and potentially indicates a shift in market sentiment. Key Observations: Unleashing Potential Moves Retesting $1600: With the breakout, attention turns to a possible retest of the $1600 level, a key support-turned-resistance zone. Successful retests often validate the strength of the breakout. Altseason Signals: ETH/BTC Dynamics: Genuine altseason signals may emerge when ETH performs a shakeout beneath a critical level on the ETH/BTC chart. This dynamic is essential for assessing Ethereum's strength against Bitcoin, a pivotal metric for the broader altcoin market. Strategic Implications: Preparing for Opportunities Trader's Focus: $1600 Retest: Traders keen on ETH should closely monitor the $1600 level for potential entry or exit points. A successful retest may open doors for further upward movements. Altseason Precondition: ETH/BTC Shakeout: Recognizing that true altseason vigor often aligns with Ethereum's strength against Bitcoin, traders should keep a keen eye on the ETH/BTC chart. A shakeout below a key level on this chart could signal the beginning of a broader altcoin rally. Trading Strategy: Navigating Ethereum's Evolution Risk Management: As Ethereum undergoes these transformative phases, risk management remains paramount. Adjusting positions in response to key levels and market dynamics helps mitigate risks. Long-Term Investment Consideration: For long-term investors, understanding the broader market sentiment and the evolving narrative around Ethereum is crucial. A breakout and successful retest may reinforce long-term bullish perspectives. Conclusion: Ethereum's Next Chapter Unfolds As Ethereum breaks free from its ascending triangle, the cryptocurrency market anticipates its next moves. A potential retest at $1600 beckons, presenting both opportunities and challenges. Moreover, the closely watched ETH/BTC chart holds the key to signaling broader altcoin enthusiasm. 🚀 ETH's Breakout | 📉 $1600 Retest Anticipation | 🔄 ETH/BTC Altseason Indicator ❗See related ideas below❗ Share your insights on Ethereum's unfolding narrative, contributing to a vibrant discussion within the crypto community. As Ethereum embarks on its next chapter, collective analysis enriches our understanding of its evolving dynamics. 💚🚀💚
Long
by Yaroslav_Krasko