GBP/JPY: Bullish Momentum Builds Near Key ResistanceThe GBP/JPY market is currently developing an ABC pattern, with point C forming near the 196.000 level. Recently, the price broke above both a downward trendline and the 194.000 support, signaling a potential shift in momentum.
At present, the pair is testing last week’s high, which aligns with the 195.000 psychological level. A strong bullish candle has emerged on the daily chart, indicating growing bullish pressure. The market may enter a consolidation phase around this level before attempting a breakout above the previous week’s high. The next target is the resistance zone at 195.750
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TRX/USDT: Consolidation Holds with Upside PotentialThe TRX/USDT market recently saw a false breakout below a key support level, followed by a rebound toward the upper boundary of the channel. On the broader timeframe, the price has been in a two-month consolidation, forming a range near the 0.2200 support, which has held firm through multiple tests.
This consistent rebound highlights the significance of the 0.2200 level, suggesting it may continue to act as a launch point for upward movement. A retest of the trendline is possible, with potential for the price to approach the channel's upper boundary. The next target is the resistance zone at 0.2370
XAU/USD: Bullish Momentum Holds with Breakout PotentialXAU/USD closed its third straight bullish week, with price testing Tuesday’s low before rebounding and closing near the 50% mark of the weekly range. Despite a brief dip, the candle closed above last week’s high, showing continued strength. A breakout above the 3,000 level raises the potential for further gains, especially if the market opens with a gap up.
On the daily timeframe, Friday's candle recovered after early weakness, resembling a previous pullback seen earlier this month. With a 1.90% retracement, the structure suggests possible upward continuation. The market is currently moving sideways within Friday’s range, hovering around the 3,030 key level.
While high-impact news could cause volatility, any pullback toward the 3,000 support zone—aligned with the trendline and previous week’s high—may offer buying opportunities. A breakout from the inside bar pattern forming on the daily chart could target the 3075 resistance zone
EUR/USD: Sideways Movement Persists Below Key LevelThe EUR/USD market remains in a consolidation phase just below the November 2024 low. Recently, the price experienced false breakouts beneath both a key support level and last week's low, followed by a strong bullish rebound. This pattern suggests a likelihood of continued sideways movement in the near term.
At present, the price is testing the previous day’s high. If upcoming news does not negatively affect sentiment, the market may attempt a move higher, especially after multiple failed breakdowns of support. However, until a decisive break occurs beyond last week’s range, price action is expected to remain range-bound. The next target lies at the resistance zone around 1.08820
Lingrid | GOLD trend CONTINUATION After a Pullback. LongOANDA:XAUUSD market is continuing to push higher, reaching a potential key level at 3050. Prior to this bullish movement, the price formed a consolidation zone near the previous day low. Today's economic calendar is filled with high-impact news, which may introduce some turbulence in the markets. If the market dips lower, the optimal entry zone could be around the previous day's low, as there is resting liquidity below the consolidation zone and at that level. I expect a pullback toward the support level before the market resumes its bullish trajectory. My goal is resistance zone around 3060
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Gold- I'm looking to sell for 500+ pips targetAs I explained before, when I trade TRADENATION:XAUUSD , I aim for targets of 400-500 pips , sometimes even more. That’s why I always try to determine where "the BIG move" is. In Gold’s current situation, I believe this move is down, not up (though, of course, I don’t have a crystal ball).
Let me explain...
Since the beginning of March, Gold has surged by more than 2000 pips. While we need to adjust our pip calculations given Gold’s current price levels , this is still an enormous rise. More importantly, out of these 2000 pips, 1700 were gained just since last Wednesday. This makes a correction highly likely, especially considering that if we look at the chart, we see almost no pullbacks in the past week—only a consolidation in a rectangle.
From a technical standpoint, the trend is undoubtedly up. However, even if Gold drops to 2990, the overall uptrend would still remain intact. Additionally, looking at the chart, we can spot a rising wedge—typically a reversal pattern.
My Take:
Currently, I’m out of the market, but I expect a strong correction of 500+ pips. I’m looking to sell if there’s an upward spike followed by signs of exhaustion.
Conclusion:
In my opinion, "the big move" is down, not up. I expect Gold to drop below 3000 and at least test the 2990 zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XRP’s Bullish Setup: Why I’m Targeting $3 with a 1:4 Risk-RewardAfter its recent impressive rally to $3, XRP has shown remarkable resilience during the correction, establishing a strong support level around the $2 mark.
Despite the broader downturn in the crypto market, XRP has held up well, demonstrating significant strength.
Last week, XRP tested this $2 support level once again and rebounded, reinforcing its stability. The current price action is shaping a bullish flag pattern, which suggests that a new upward move could be on the horizon.
With this in mind, I am looking to buy XRP, anticipating a potential breakout.
Given my target of around $3, I am aiming for a 1:4 risk-reward ratio for this trade
After an 80% Drop, Is FET Finally Ready to Reverse?Exactly one year ago, FET reached its all-time high of $3.5, but since then, it has experienced a steep decline of over 80%.
However, the coin has recently found strong technical support around the $0.45 zone, which, in my view, signals a potential rebound on the horizon.
Currently, FET is trading near $0.52, and from a psychological standpoint, being around a key round number and its Binance listing price, we could see a bounce from these levels.
With this in mind, I anticipate a trend reversal, with an initial target of $1 in the near future. Additionally, $0.80 stands as a significant resistance level and could serve as an interim target before further upside movement.
From a risk-reward perspective, this setup offers an attractive 1:5 ratio
Gold’s Meteoric Rise: What’s Next After Breaking $3,000?Yesterday, TRADENATION:XAUUSD broke the $3,000 mark, a significant achievement from multiple perspectives.
As I mentioned yesterday, I didn’t expect the price to revisit the $2,950 support level, as it seemed too obvious. Unfortunately, my pending order at $2,970 wasn't triggered either, as the bulls were too strong, quickly forming a new support at $2,980.
This forced me to trade the breakout of the rectangle pattern, something I typically avoid —trading breakouts.
Now that we’ve reviewed the situation, let’s take a closer look at what we might expect in the near future.
Current Trend: Strong Upward Momentum
As is evident to everyone, gold is in a powerful uptrend, and trying to sell is risky. The key strategy here is to focus on buying on dips, rather than trying to catch a top.
The first level to keep an eye on for potential buy opportunities is the $3,000 mark, followed by the support formed yesterday at $2,980. Both of these levels are crucial in maintaining the bullish structure of the market. If the price dips to these levels and holds, they could provide excellent entry points for long positions.
Target Zones: Understanding Potential Resistance Levels
While targets in a ATHs defined market are arbitrary, historical price movements in gold suggest that certain price levels tend to act as either support or resistance. Specifically, levels in at $20, $40, $60, and $80 ranges have historically been key turning points.
Given this, if gold continues its ascent, targets at $3,020 and $3,040 could be reasonable. These levels align with the typical points that gold has faced during strong movements.
Looking Ahead: Volatility and Potential for Extreme Moves
Expect extreme volatility as gold continues to push higher. The bullish sentiment is strong, but with high volatility comes both risk and opportunity. Keeping a watchful eye on key levels, such as the $3,000 and $2,980 support zones, will be crucial for gauging potential retracements and entry points.
In conclusion, the strategy moving forward should focus on buying on dips, with an eye on $3,020 and $3,040 as logical targets for the next phase of gold's rally.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
ETH/USDT: Testing Key Support with Potential for ReboundThe ETH/USDT pair continues to decline, approaching a key support level last tested in October 2023. Historically, similar price movements were observed in 2021, when the price dropped from the 4,300 level before rebounding from the 1,700 support zone, ultimately leading to new all-time highs.
Currently, the price has broken above a downward trendline that had served as a resistance throughout the month. Looking ahead, the market may remain in a sideways phase over the coming weeks, with a potential upward push if buying pressure emerges from the support level. The next key target is the resistance zone around 2,190
Historic Milestone for Gold: My Outlook and Key Support LevelsLast Friday, for the first time in history, Gold printed a "3" handle, and since the beginning of the year, it has already climbed an impressive 4,000 pips.
However, what matters most now is what Gold will do next.
As we can see on the chart, after reaching a new all-time high (ATH) at 3005, Gold has started to pull back slightly and has recently formed a support level around 2980.
As I also mentioned in my Friday analysis, although I expect a correction, I don’t see Gold dropping all the way back to test the previous ATH zone at 2950 , which should now act as a strong support. Instead, even if Gold breaks below the newly formed 2980 support, I will be watching for reversal signs between 2965 and 2970, and from there, I expect a new bullish wave and a fresh all-time high.
In conclusion, my strategy remains unchanged: buy the dips.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Alts- Will they drop further? (+name your alt)In my early February analysis on altcoins , I noted that while a bounce was likely after the sharp drop triggered by Trump’s initial tax remarks, the $1.3T level would act as strong resistance.
I expected another decline once this resistance was confirmed— which is exactly what happened, as the market reached that level and began to drop again.
After multiple tests of the rising trendline that began in October 2023, last week saw a breakdown, with price finding support just above $900B (an important level as we can see from the posted chart).
But was that the full extent of the drop?
In my view, we are far from being in the clear, and further declines seem likely. Technically, the rising trendline has been broken, and the recent rebound appears to be corrective rather than the start of a sustained recovery.
As long as the price remains below the $1.15T–$1.2T zone, I see a high probability of the market
breaking under 900B zone support and reaching $700B in the coming months.
Resistance at 1.3T: Is a Deeper Crypto Correction Coming?The long-awaited Trump inauguration, which was expected to trigger an altcoin season, had the exact opposite effect. This once again proves that when the majority of market participants expect one outcome, the market often does the opposite.
After several days of testing support, the "tax policy" announcement triggered a breakdown below the 1.3T level, causing Total 3 to drop around 30% to 1T.
The market is now experiencing a normal rebound, but I am not very optimistic in the medium term.
Technically, 1.3T has now turned into strong resistance. In my opinion, after this rebound, a new leg down is likely.
I expect a drop below 1T, potentially reaching around 900B in the near future.
EUR/JPY Trade Setup: Buying the Dip Toward 160 for a 1:2.5 R/RSince reaching a low around 155 at the beginning of August, EUR/JPY has been trading within a defined range.
Earlier this March, the pair once again tested the lower boundary of this range and, as before, rebounded strongly. A higher low was established at the start of this week, suggesting that 159 may now serve as a new base of support.
In my view, EUR/JPY is likely to continue its upward trajectory, and a move toward 165 could materialize in the near future.
Conclusion:
Pullbacks toward the 160 area should be considered potential buying opportunities. With a stop-loss set around 158 and a target at 165, this setup offers an attractive risk-to-reward ratio of approximately 1:2.5.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
EURUSD Further Upside potentialThe EUR/USD pair continues to consolidate after experiencing strong bullish momentum. Since Tuesday, the price has primarily been moving sideways, remaining within a defined range. The market is currently positioned at a key resistance zone, yet no significant pullback was observed last week.
At this stage, the price appears likely to continue ranging before making a decisive move. An ABC pullback is in formation, and once completed, there is a strong potential for the trend to resume. A dip below last week's low is anticipated, followed by a rebound from the support level near 1.07800 and the upward trendline. The next potential target is the resistance zone around 1.10000
Bitcoin under 40k? Possible, but is this also probable?In life, anything is possible , and when it comes to crypto, everything is possible .
But, as I mentioned in my educational post yesterday, there’s a big difference between what is possible and what is probable.
In this article, I want to analyze the possibility of Bitcoin dropping below $40,000 and more importantly, what would need to happen for this scenario to shift from just possible to truly probable.
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BTC — From All-Time High to Distribution?
If we look at the Bitcoin chart, we notice that after the first all-time high very close to $100,000 at the end of November, the market began a consolidation phase.
Although we saw two more all-time highs — one around $108,000 in mid-December and another near $110,000 in January — the entire structure from late November to late February appears to be a distribution pattern rather than a healthy continuation.
Once Bitcoin broke below $90,000, we can consider this distribution phase complete, with a target for short positions around $75,000 — a level I’ve highlighted in my previous posts.
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Long-Term Logarithmic Chart — Diminishing Returns and the Bigger Picture
Looking at the long-term logarithmic chart, we can see a clear pattern of diminishing returns:
• The first major leg up, starting in late 2011, was approximately 600x and lasted about two years, followed by a correction.
• The next leg was 100x, spanning four years, followed by another correction.
• Then, a 20x rally, which lasted just over a year.
• Finally, the most recent leg up has been around 7x.
What’s crucial here is that returns are decreasing and, even more importantly, the last leg up looks more like an ascending channel than a parabolic move like in previous cycles.
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The Significance of the Ascending Channel
This ascending channel is not unusual — the market has matured, and big players are now involved, reducing volatility.
However, ascending channels on the long-term often signal potential reversals, rather than continuation.
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What Would Make $40,000 Probable?
Now, let’s address the real question: What would need to happen for Bitcoin to drop to $40,000?
Zooming in on the logarithmic chart, it becomes evident that the $72,000 - $75,000 zone is a major support confluence.
If this area is broken — meaning a weekly candle closes below this level — the scenario of BTC dropping toward $40,000 becomes probable.
The target zone I’m watching in this case is $32,000 - $36,000, a strong historical support that is clearly visible on higher timeframes.
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Conclusion — Watch the Key Levels, Not What you Hope
To conclude:
• Bitcoin dropping to those extreme levels is possible, but not yet probable.
• Probabilities will shift only if key support levels are broken — specifically $72k-$75k.
• The market has matured, cycles are changing, and returns are diminishing, so expecting a repeat of past parabolic runs may not be realistic.
• As traders and investors, we must focus on the charts and key levels, not on hopium and hype.
Gold Eyes $3,000 Breakout: Buy the Dip Strategy Remains in PlayYesterday, as expected, Gold reached a new all-time high, coming very close to the key $3,000 psychological level.
Currently, the price is undergoing a minor correction, consolidating the strong gains from yesterday — which may present traders with a fresh opportunity to join the prevailing bullish trend.
The $2,955 level, representing the previous ATH, now acts as a key support. However, in my view, Gold is unlikely to revisit this level, as it would be too obvious and heavily watched by the market. Instead, I expect a shallow pullback followed by a new impulsive leg higher, likely pushing the price above the $3,000 mark.
Conclusion:
The strategy remains unchanged — buy dips in anticipation of a breakout to new all-time highs beyond $3,000.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold Breaks Out: Is a New All-Time High on the Horizon?Finally, after a week of range-bound trading and a false downside breakout, Gold has found direction and surged to the upside.
As expected, the inflation data served as the catalyst. With the reported figure coming in lower than anticipated, traders are now pricing in potential rate cuts.
Technically, as mentioned, the price broke above the 2930 resistance level and reached a high at 2947 just shy of the all-time high.
Currently, Gold is undergoing a normal correction, which should present traders with an opportunity to buy at lower levels. The ideal buy zone is between 2920 and 2930, with the bullish outlook negated if the price falls back into the previous range.
In terms of targets, the old ATH acts as resistance, but I wouldn’t be surprised if Gold pushes higher and sets a new record above the 2960 zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold’s False Breakout: A Bullish Shift in MomentumIn my analysis yesterday, I argued that once the price broke below the 2900 support zone, further downside movement was likely.
However, the price quickly recovered above this key level, prompting me to close my short trade with a minimal profit of 70 pips.
More importantly, after reclaiming 2900, Gold continued its upward movement and once again tested the 2920 resistance zone. Even more significant is the fact that the breakdown below 2900 can now be considered a false break, which could ultimately lead to a breakout above resistance.
Today, we also have U.S. inflation data, which could serve as a catalyst for such a breakout.
In conclusion, my outlook has now turned bullish, and I will look to buy on dips.
A bearish scenario would only be confirmed by another break below 2900.
As for the upside target, if 2920 is breached, we could see strong momentum this time—potentially even a new all-time high above 2955.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.