25k Re-test Finally Happening What Next?It took 8 weeks to restest 25k zone may take few more days to complete this reaccumulation
Next levels to the upside is between 36-43k
Retest
Ethereum testing a very strong supportEthereum has some big swings intraday but multiple timeframe analysis suggests its not mere noise. Price is testing a weekly bullish reversal pattern. Its best to be patient and allow this minor downtrend to cease and form a newfound support level. If an uptrend begins at these lows, Targets could be steep considering where the potential neckline is if a double bottom is to form on the daily.
AUDUSD reversal at 23.6% RetracementThe 4H retraced to the 23.6% fib and provided a hammer which is why I wasn't hesitant to sell, even beneath the trendline. Upon the 4H close and hammer. Price immediately progressed bullish to create a strong higher high, broken correction trendline, as well as ADX mixing in to provide confluence. Intraday the 1H timeframe is a clear opportunity to go long on this pair to at least its -27% target. or the 61.8 Major fib retracement. I believe that this pair is still in an overall downtrend until its creating daily higher highs and higher lows.
AUDUSD pivots suggest a short scalp`I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot confluence in this area.
Currently price is relatively close to breaching the bearish correction, indecision is needed, along with volatility and indecision or a reversal at a key area.
IMXUSDTIMXUSDT has given the breakout of long term consolidation , and currently retesting the breakout. If the retest hold perfectly, then the estimated targets are 0.84 to 0.90.
ASIA: GJ - B&R - DEPLETIONBreak and retest setup seems to be carrying over from Friday, lets see if bulls can make a nice push for a few Rs
Gold prepared for another bearish tumbleGold has retraced to the neckline of the double top pattern, upon which it provided a strong bearish engulfing. The weekly resistance has failed to be completely broken in addition to a rejection of the 38% fib. The 4H is trading within a range creating a new lower low along with ADX. The moving average is crossing to the downside as well as a trendline break to the downside. Price is now on the short side of the trendline. I will look for shorts near the weekly resistance for a 4H lower high. or a complete retest of the major 38% where the daily was rejected. Targets for shorts are -27%. extended target at -61%.
Buying Ethereum once moreEthereum is on its journey of creating many higher highs along with bullish reversal candlesticks to initiate the move. The Daily has retraced to a key level on the daily chart. This is our first signal to go long. A morning star on top of structure and support. The 4H chart will inform us on whether price is still retracing bearish or if its time to get in long NOW.
Audusd to become bullish intraday this weekI mistakenly took a minor break of structure and a moving average crossover as a reversal trigger when in actuality it was simply the warning. The trigger is what is presented currently. This 4H clear higher high on our home timeframe. This is trading 101. Simple higher high along with TDI. The daily makes sense as this bullish push is all apart of the daily LOWER HIGH being formed. Major 38.2 has been broken, the next prz level is the 61.8.
This week I look forward to a bullish re-test of the weekly support/ a trendline/ zone/ structure
I'll only buy a re-test. Maximize this move of the week potentially. Higher highs make higher highs.
NZD-USD Local Short! Sell!
Hello,Traders!
NZD-USD is about to retest
A strong horizontal resistance
Of 0.613 and because we are
Bearish biased I think
That a pullback and a move
Down will follow soon
Sell!
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AUDUSDAUDUSD recently broke through strong support zone and currently retesting the broken support with mild bearish flag.
Will it continue to sell side?
✅EUR_AUD BUYING OPPORTUNITY|LONG🚀
✅EUR_AUD is trading in an
Uptrend and the pair is now
Making a local correction
But will soon hit the
Local horizontal support
Of 1.632 and after that
The pair is likley
To go up again
LONG🚀
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I might buy this minor uptrend but GOLD IS BEARISHGold is coming off of lower low after lower low on all major timeframes so its not surprise that my first bias is bearish. However, when it comes to intraday trading, momentum is important for swings in the market and the difference between volatility or consolidation while profits float. I'm going to take this opportunity to buy gold if a structural higher high is formed since my immediate correction trendline has already been broken. Any buys are short term countertrend moves as the winning team is currently the bears. The neckline of the daily double top and retest of weekly resistance will not go unnoticed.
Ethereum is retracing to create its lower highIt's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If anything price has determined where it wants to slow down. This 61.8 retracement is no surprise considering the fact that the weekly was rejected earlier when price attempted to break it. It seems price wants another crack at rejection. I'll short here since the 30min and 1H is already creating lower lows and lower highs upon reaching that area.
The final pushLooks like price is going to retest the broken support of the massive double top (see related idea down below). This could be a bulls trap, be careful.
Gold has Likely bottomed out for this monthI decided to go long on gold immediately after receiving a reversal candlestick at a low on top of daily support. This candle also provided bullish volume after breaking a trendline and creating a new high. Price is now on the buy side of a strong trendline as well as the buy side of a strong support. I look forward to adding an entry upon a reversal candlestick at the retest. At the end of the day we're counter trend trading NOW.
GBPCADGBPCAD recently form bearish flag pattern. And then break through flag , now retesting the broken flag. Will it continue its trajectory to downside?
Part 1 of catching a reversal is to trust structureI noticed that Ethereum was re-testing the neckline of an inverted head and shoulders pattern while at the bottom of a range and on top of support. Price provided an indecision candle on top of support as well as 61.8 fib. I anticipate that price will push back higher to retest a prz level. we have to get there first. It could begin with this purchase at a higher low.
GOLD move higher Now gold retested as well as to continue it bear trend but the dollar index is till showing som kind a small up trend so in that case gold will fall a little bit to 1952 level again and make a double bottom at the level them move high.
on the other hand we can see a daily trend line has not broken yet so it that case gold so we have a still chance to looka at a gold buy. IF gold may break that trend line means next targets are 1947 ,1927 ,followed by 1884 .until it happens we are always looking for potential rejection to the upside as the technical prospective on the gold
GOOD AND GOLD LUCK
Will BTC Break and Bounce from their 200 Moving Average or Fall?In light of recent market trends, Bitcoin is set to pump due to its strong respect for the 200 EMA as a key support level, indicating robust investor sentiment. Coupled with increasing institutional adoption and favorable market indicators, this sets the stage for a potential bullish surge in Bitcoin's price.
While strong indicators suggest a potential upswing, it's critical to understand that market cycles are inherently unpredictable and don't always follow historical patterns. Investment decisions should always account for the volatility and risk associated with the crypto market, underscoring the importance of a well-diversified portfolio.
For an altseason to kick off, typically, we would first need to see Bitcoin consolidate or slowly trend upwards without extreme volatility. This stabilization often leads investors to look for higher returns in altcoins, pumping more money into the broader crypto market. It's crucial to remember, though, that these market cycles can be unpredictable, and risk management should be a top priority during any potential altseason.
"What are your top picks for the next altseason and why?"
"Do you agree that a Bitcoin consolidation phase could signal the start of an altseason?"
"What strategies do you use to manage risk during a potential altseason?"
"What indicators are you looking at for potential crypto market movement?"
"In your opinion, how does Bitcoin's current behavior align with previous market cycles?"
"What's your perspective on the correlation between Bitcoin's performance and the altcoin market?"
30min Higher high re-test GET IN THIS UPTRENDBitcoin broke out of an odd range of consolidation only to create a beautiful consistent uptrend. The TDI on the 1Hour chart is very bullish also. Structure and clear breaks can be seen on the 30min chart which is why I'll be entering from the 15min. and holding until a daily level is breached. Price is pulling back with indecision which is excellent as well. A reversal candlestick on top of support as an indicator of a retest will decide whether I'll be placing an entry going bullish toward $27,490.00- $27,831.84
XRP - TRIO RETEST 3️⃣ UPDATEHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were waiting for XRP to approach the 0.42 zone to look for buy setups as it was the intersection of three rejection zones.
Now XRP rejected our purple zone and traded higher sitting around the upper red trendline acting as a non-horizontal resistance.
🏹 For the bulls to remain in control, we need a break above the last major high in orange and upper red trendline.
Meanwhile, the bears can still kick in for one more correction. In this case, as we approach the green support again, we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD - Support Becomes Resistance📉Hello Traders👋🏻
On The Daily Time Frame The EURUSD Price Reached A Support Level (1.08614-1.08314) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
If Price Stays Under The Key Zone,
EURUSD Can Continue The Bearish Move 📉
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TARGET: 1.07640🎯
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