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BTCUSDT Dips: Sell Near Resistance or Buy at Support ?Today's BTCUSDT market movement is influenced by several key factors, along with technical signals from the chart. Key News Impacting BTCUSDT: U.S. Economic Data: Recent positive employment data from the U.S. has strengthened the dollar, which often puts downward pressure on Bitcoin as investors lean towards safe-haven assets. Regulatory Developments: Ongoing discussions around cryptocurrency regulations, particularly in the U.S. and Europe, are creating uncertainty in the market, leading to cautious trading behavior. Institutional Interest: Despite the recent pullback, institutional interest in Bitcoin remains strong, which could support prices at key levels. Technical Analysis: The BTCUSDT chart shows a significant resistance level near $65,937, where sellers have previously dominated the market. The price has now retraced from this resistance and is showing potential to move down towards the support zone around $53,967, which could provide an ideal buy opportunity for bulls. Recommended Trading Strategy: Bearish Scenario (Sell) : If BTC remains below the resistance level of $65,937 and fails to break above, a short position can be considered. Target the $58,200 level initially, with a deeper target near the $53,967 support zone. Bullish Scenario (Buy): For those waiting to buy, entering around the $53,967 support zone offers a strong potential bounce as this area has historically attracted buyers. Traders should keep an eye on news regarding regulatory shifts and institutional moves, as these could trigger rapid market changes, particularly if BTC nears critical support or resistance levels.
by Suyouu
Gold price today: expected to continue the decline!Hi everyone! The global gold price continues its downward spiral today, extending its decline from the peak of $2,670 per ounce and at times dropping close to the $2,600 mark. This marks the sixth consecutive day of losses for the yellow metal, with the primary reason being the strong rally of the US dollar. The US Dollar Index has now hit its highest point in nearly two months, making gold more "expensive" for those trading in other currencies. Adding to the pressure, the market is also grappling with expectations around the US Federal Reserve's (Fed) potential interest rate cut in the upcoming November meeting. According to the latest Fed policy meeting minutes, some officials are leaning toward a more significant rate cut, while others favor a more conservative 25 basis point cut, arguing that a 50-point cut might be too risky.
OANDA:XAUUSDShort
by ConanTradingFX
XAUUSD: Should I buy or sell!Hello everyone! Today, gold is showing a clear downtrend. Especially after breaking through the key support level at $2630, the downward trend has become even more pronounced. This decline is further confirmed as gold continues to trade below the EMA 34-89 moving averages and remains confined within a parallel descending channel (2625 - 2645), signaling that buying momentum in the market is gradually weakening. Additionally, investor sentiment has been dampened as expectations of the Fed maintaining its loose monetary policy have significantly diminished. This has given the USD more strength, further pressuring gold, a non-yielding asset. With these clear signs of weakness, according to Conan's analysis, it's highly likely that gold will continue to drop in the short term, potentially falling below the $2600 mark as long as the descending channel remains intact.
OANDA:XAUUSDShort
by ConanTradingFX
Gold Faces Major Resistance, Risk of Deeper DeclineGold is currently fluctuating around $2,614.145, sitting below key resistance levels at $2,650.165 and $2,624.195. These are significant barriers that buyers need to break through to sustain the upward momentum. However, with the EMA 34 and 89 lines positioned above the price, selling pressure remains dominant, reinforcing the current downtrend. If these resistance levels cannot be breached, gold may face a deeper correction, potentially falling to the support level of $2,604.393 and further down to $2,576.672 if selling pressure persists. Geopolitical tensions in the Middle East, along with key economic news from the U.S., are fueling strong market volatility, making investors increasingly cautious.
OANDA:XAUUSD
by Zola_Hello
VIX Will Go Lower! Short! Here is our detailed technical review for VIX. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 21.94. Considering the today's price action, probabilities will be high to see a movement to 20.13. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
TVC:VIXShort
by SignalProvider
1
GBPUSD Is Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.307. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.286 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
AUDNZD Will Move Lower! Short! Please, check our technical outlook for AUDNZD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.104. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.101 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
SOLUSDT todayBased on the chart for SOLUSDT, here's a short and concise analysis: Current Trend: The price has broken below a key trendline, indicating potential further downside. Resistance: The area around 145.27–145.91 USD serves as the nearest resistance zone, where price previously rejected. Support: The price is approaching the 141.07 USD level, and a deeper drop could lead to the next key support around 138.08 USD. Strategy: A bearish scenario is likely to play out, targeting the 138.08 support zone if the price continues to weaken after failing to reclaim the resistance. Watch for price action near the 141.07 level for potential short opportunities.
by Suyouu
BTCUSDT: Continue selling or should buy?Based on the chart provided, the short-term bearish strategy for BTCUSDT could be as follows: Resistance: The key resistance level is around 65,917.43 USD. Support: The immediate support zone is between 61,497 - 61,728 USD. Strategy: Wait for the price to either retest the resistance zone or form a bearish pattern at the support level. If the price breaks below this support zone, it is likely to continue declining toward the target area of 53,953 USD. It's recommended to place a stop-loss above the resistance level to minimize risk in case of a breakout to the upside.
Short
by Suyouu
ETHUSDT: Bearish Setup – Time to Sell?ETHUSDT has been drawing attention with its recent price movements. The technical chart shows a potential selling opportunity as the price approaches a key resistance zone. Key Resistance Level Currently trading around 2,437 USD, ETHUSDT is facing strong resistance at 2,691 USD. This level has repeatedly proven difficult for ETH to break above, suggesting a possible price reversal once it is retested. Trading Strategy Traders are eyeing this resistance zone for a potential short opportunity. If ETH fails to break 2,691 USD and shows signs of weakness, a sell order could be placed, targeting lower price levels. Bearish Target If the bearish scenario plays out, the first target could be around 2,300 USD, with room for further downside if selling pressure increases. It’s important to set a stop-loss just above the resistance to manage risk. What’s your take on this potential ETHUSDT move? Do you think it’s time to sell or hold? Let us know in the comments!
by Suyouu
USD/JPY Under Pressure Below Resistance at $149.066The USD/JPY chart shows the formation of a key trend with the price fluctuating around $147.712, just below the strong resistance level at $149.066. If this resistance fails to break, USD/JPY may reverse and correct towards key support levels at $146.163 or even deeper at $143.432. The EMA 34 and EMA 89 lines provide stable support, but selling pressure is weighing heavily on the price. A breakout scenario will require strong confirmation from technical factors, while investors should closely monitor key economic news from the U.S., which could cause significant market volatility. At present, technical factors combined with the short-term downtrend could continue to push the price lower unless a strong breakout from buyers occurs.
by Zola_Hello
Dual Strategy for BNB/USDT: Buy or Sell OpportunitiesBuy Strategy: Entry: Look to enter a long position if the price holds above the 563 - 567 support zone, showing signs of a reversal. Target: Aim for the 581 resistance level as your first profit target. Stop Loss: Place a stop loss below the 563 level to protect against further downside. Sell Strategy: Entry: If the price fails to break above 581 and shows signs of weakness, consider entering a short position from this resistance level. Target: The first target could be the 563 - 567 zone. If price breaks below this, the next target is around the stronger support zone between 540 - 550. Stop Loss: Place a stop loss above 581 to minimize potential losses in case of a breakout. By balancing these two approaches, you can capitalize on price movement whether it goes up or down. Good luck with your trades!
by Suyouu
ETHUSDT: Sell Or Buy ! Based on the provided chart for Ethereum/USDT, the price is moving within a clear ascending channel, showing an overall bullish trend with potential pullbacks. Here is a brief analysis and strategy: Current Price Movement: ETH is currently retracing from a recent high (around 2,490) but remains within the ascending channel. Support and Resistance Levels: Resistance: Around 2,490-2,500 (upper boundary of the channel). Support: The lower boundary of the channel, near 2,440-2,450. Trade Strategy: Buy: Wait for a pullback to the lower boundary of the channel, ideally near 2,440. If the price confirms support in this area, a buy entry could be ideal. Target: Look to take profits near the upper boundary of the channel, around 2,500-2,520. Stop Loss: Place below the channel, around 2,430. Market Sentiment: As long as the price stays within this upward channel, the overall trend remains bullish. However, a breakout from this channel (either up or down) could lead to significant price movement.
by Suyouu
1
BTCUSDT Trading Strategy. Based on the provided chart and the market context, here is a concise analysis and strategy for trading BTCUSDT: Strategy: Focus on a bullish trend with potential pullbacks. Current Price Zone: BTCUSDT is trading around 63,676, with the next resistance zone around 64,038.94. A breakout above this level could open the path to higher levels. Key Resistance: The next significant resistance lies between 66,000 to 66,100. Watch for price action at this zone as it may trigger either a pullback or consolidation. Support Zone: In the event of a pullback, a strong support area lies around 62,300 to 62,500. This is a good re-entry point if prices dip. News Impact: Monitor any global or regional market news as geopolitical tension or economic announcements could push volatility. Trade Direction: Enter long positions on bullish momentum, especially after breaking the 64,000 level. A pullback near 62,500 offers a chance for additional buys. Target the 66,000 zone, but consider partial profit-taking at key resistance levels.
by Suyouu
SILVER Will Go Lower! Sell! Here is our detailed technical review for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 31.909. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 29.771 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
2
Accumulation Triangle and Economic Forecast In the current scenario, gold is sticking to a triangle pattern on the 4-hour chart, showing a sideways swing before deciding on a clear trend. The EMA (34) and EMA (89) are currently holding steady and holding key support levels, highlighting the possibility of a bounce if the price breaks above the triangle’s borders. The immediate resistance is at $2,700, and if it is cleared, the next target would be $2,720, especially if geopolitical tensions increase, which could boost demand for safe-haven assets like gold. However, if the price breaks the triangle’s support, we could see the price drop to lower levels, selling pressure could increase, especially if the US economic data continues to be positive and supportive of the USD.
OANDA:XAUUSD
by Naoomi