COMP. DeFi's Hidden Gem. 12/14/24The token price has been trading sideways for a while but recently broke out of this range, signaling potential growth ahead. Additionally, it has broken resistance and performed a textbook retest of this level, providing another positive signal for continuation to the upside.
Personally, I’m expecting a pump from #COMP.
Let’s see how it plays out!
DYOR.
Signals
BITCOIN The three Expansion Phases of the Cycle.We have talked about Bitcoin (BTCUSD) hitting the $100k Target on numerous analyses and one of those was almost 4 months ago (August 26, see chart below), where we introduced the 2-year Channel Up, which has been the dominant pattern since the very beginning of the new Bull Cycle:
That piece of analysis was on the 1M time-frame but today we will examine it from the 1W perspective as the horizon narrows. We have made some slight modifications and the one that stands out is that we've classified it on Expansion Phases.
The key characteristic of those was the mid-Phase consolidation, which on the previous 2 took place within the 0.382 - 0.5 Fibonacci range, while the 1W RSI also turned sideways for the first time since the Channel Up bottomed.
With this marker, the consolidation phase is easily identifiable and according to it, we are currently on once. As a result, we can assume that we are within the 0.382 - 0.5 Fib range of Expansion Phase 3. This indicates that there is still plenty of room to rise. Based on that, a $150k Target is technically plausible before Summer.
So do you expect to reach 150000 so fast, if we do at all during this Cycle? Feel free to let us know in the comments section below!
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ARB 1D. Ready for a Breakout. 12/14/24Currently, the price is consolidating between support at $0.8313 and resistance at $1.1354. During the recent correction, the support level was held, signaling bullish sentiment among buyers.
It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about potential drawdowns, reversal levels are highlighted where additional entries can be made if needed.
Here are my parameters:
Entry Point (EP): Current price
Take Profit (TP): $1.6450, $1.9204, $2.2746
Stop Loss (SL): $0.7923
PEPE. Smart Money Is Betting Big on PEPE. 12/14/24On December 10th, nine wallets (likely belonging to the same investor) invested 13.8 million DAI to purchase 555 billion PEPE, with an average buying price of $0.000025.
I believe that #PEPE is a dark horse that could deliver a major surprise by the end of this cycle. However, always keep in mind the potential scenario where we may drop to retest the mirrored level at any moment.
A possible strategy: allocate 25% of your intended investment at the current price and set 2-3 limit orders down to the support level marked on the chart. The target is also indicated on the chart.
DYOR.
USD_CHF RISKY SHORT|
✅USD_CHF is retesting a resistance level of 0.8957
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak.
That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry.
The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound.
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CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity.
The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025.
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US100 Is Very Bearish! Short!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,766.7.
The above observations make me that the market will inevitably achieve 20,570.5 level.
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.
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BITCOIN Is Going Up! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 100,153.20.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102,181.06 level soon.
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.
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GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.104.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.098 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.
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AUDJPY Will Move Lower! Sell!
Please, check our technical outlook for AUDJPY.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 97.822.
Taking into consideration the structure & trend analysis, I believe that the market will reach 97.277 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.
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Lingrid | GOLD Correction and Path to ContinuationThe price perfectly fulfills my last idea. It reached target. OANDA:XAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2665 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
EurJpy- Swing idea- Where to sell for 1k+ pips and 1:4 R:R?EUR/JPY traded within a nearly perfect ascending channel from March 2022 to July 2024. This channel, a hallmark of the pair's bullish momentum, was decisively broken to the downside in the beginning of August.
After hitting an all-time high of 175 during the summer, the pair reversed sharply, dropping 2,000 pips and breaking below the channel's long-term support.
The 155-156 zone has since acted as a strong floor, leading to two significant bounces. However, each reversal has failed to breach the old channel support, now turned resistance.
Currently, the pair is in its third bounce from support zone
This time, it is likely to form a lower high compared to previous attempt. I’m eyeing a potential sell opportunity near the 162 zone, offering a compelling 1:4 risk-reward ratio and the potential for a move exceeding 1,000 pips, aligning with the broader bearish outlook.
LINKUSD rally similar to 2020/21 has started.Chainlink (LINKUSD) gave us a fantastic bullish break-out on our last call (October 01, see chart below) as it was pretty much expected based on the 2020 Cycle fractal:
Based on the chart above, our $53.00 Target remains for this Bull Cycle (4.382 Fibonacci extension) but if you want to trade shorter term, the dominant pattern right now (until broken) is the Channel Up that started after the June 10 2023 bottom.
Having formed a 1D Golden Cross just 2 weeks ago, we can see the resemblance of the current Bullish Leg of the Channel Up with the previous one, which was also confirmed after the last 1D Golden Cross was formed on October 12 2023.
The similarities are evident even on their 1W MACD sequences and as that Bullish Leg rose by +361.50%, we expect a similar pattern. This gives us a short-term Target of $40.00.
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Lingrid | GBPUSD channel BREAKOUT. Selling OPPORTUNITYFX:GBPUSD has broken out of the upward channel and may pull back to retest both the channel and the resistance zone at 1.26500. The market was previously in a range before breaking through a support level, which led to a strong bearish impulse leg. The price has respected this level by rebounding, resulting in several fakeouts and long-tailed bars. And recently it broke and closed below the level by forming large bearish bar. I expect the market possibly to retest this resistance zone before rolling back towards the support level at the channel border. My goal is support zone around 1.25770
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Lingrid | TONUSDT bullish POTENTIAL After FLASH Crash OKX:TONUSDT market experienced a flash crash, resulting in a sharp spike downward. It took liquidity below the psychological level of 5.00 but closed above 6.00. Currently, the price is trading near the zone where the flash crash occurred, indicating that it has recovered nearly all of its losses. Following such volatile movements, markets typically move sideways to consolidate before the next significant move. I expect the market will form a trend continuation pattern, such as a triangle, before embarking on a bullish run. My goal is the resistance zone around 6.90
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