Lingrid | BNBUSDT identifying OPPORTUNITY in a Sideways TrendBINANCE:BNBUSDT is currently moving sideways following the significant surge in December. The price is oscillating between the levels of 730 and 640. On the weekly timeframe, the consistent formation of doji candles suggests indecision in the market. The price action appears to be forming a potential bullish flag pattern, which typically indicates a continuation of the upward trend. Looking left, we can observe that the price has formed a range zone at the support level and has bounced off this area multiple times, reinforcing it as key support zone. Given the current narrowing price action, it seems likely that the market will experience a squeeze, which could ultimately lead to a breakout. My goal is resistance zoen around 750
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NZDSGD - in Resistance zone - Can it get to 0.76700?OANDA:NZDSGD is in a supply zone that has before been an area for bearish reversals.
As of now, the pair is testing this critical region, and based on previous price action, a rejection could potentially drive the price lower toward the 0.76700 level.
But if the price breaks through this resistance, it would invalidate the bearish bias and open up the possibility of a continued upward movement. In that case, you can look for the next key resistance levels for potential targets for bullish continuation.
Keep a close watch on price behavior in this region and use prudent RISK management strategies to navigate the market's uncertainty.
Feel free to share your thoughts or views in the comments!
Gold- Where to?Since the beginning of the year, XAU/USD has been trading in a well-defined ascending channel, which typically indicates continuation.
However, last week the price faced a strong ceiling at the old resistance around 2720, the level from which gold reversed sharply twice at the end of 2024.
At the time of writing, the price is 2707, and although I am bullish for the next period, I am currently out of the market, waiting for more confirmation.
DOTUSD - at Key zone - Could it reach 7.100?COINBASE:DOTUSD is in a robust support zone, with previous strong buyer interest. The recent bearish pressure has brought the price into this tageted zone, creating a potential buying opportunity for me.
With the confirmation in place, I anticipate a move toward 7.100. However, a breach of this support could invalidate the bullish move and lead to further declines.
Traders should carefully assess price action at this level and ensure proper risk management before taking positions.
Lingrid | EURUSD complex PULLBACK. Short OpportunityFX:EURUSD has been moving sideways for the past couple of days. The market is pulling back toward the resistance zone after a fake breakout of the support level. It appears that the price is forming an ABCD pullback, as it has not moved significantly lower than the resistance zone at 1.03500. Additionally, a doji candle has formed on the weekly timeframe, which suggests indecision. I believe the market may move above the previous weekly high to take liquidity. I expect that this pullback will be followed by a continuation of the downward trend. My goal is support zone around 1.02520
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Lingrid | BITCOIN the Dawn of a NEW Bull Run?BINANCE:BTCUSDT market has moved above its all-time high and is breaking through the channel, making higher highs in the process. After spending more than two months moving sideways, I believe the market is poised for a surge. The price is already displaying bullish momentum, which suggests that this week could mark the beginning of a bull run.I anticipate that the market to mirror the conditions we saw in January 2024, which also initiated a bull run. My goal is resistance zone around 115000
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NzdUsd could rise to 0.58 (swing trade)The final quarter of 2024 was particularly challenging for the NZD, with the currency declining by 800 pips from its peak to its lowest point. More significantly, this drop represents a devaluation of over 12%, which is substantial for a major currency pair.
As 2025 begins, however, OANDA:NZDUSD has entered a consolidation phase, holding above the critical support zone near 0.5550. This level is noteworthy and deserves attention as a potential turning point.
While the overall trend remains bearish, a rebound from this key support area is likely. If this occurs, the pair could move higher toward the 0.58 resistance level.
In summary, dips near the support zone present buying opportunities with a favorable risk-to-reward ratio, targeting a return of at least 1:2.
Lingrid | ADAUSDT closed ABOVE the Pscyhological LEVELBINANCE:ADAUSDT market broke through the psychological level of 1.000, closing above it. Although it retested the previous resistance zone, it encountered a pullback that formed a false breakout. This could signal a potential retest of the area just below the even handle number at 1.000 before the price moves higher. When we zoom out, we can observe that accumulation is taking place around the 1.000 level, which suggests that we may see further bullish movement in the near future. My goal is resistance zone around 1.2000
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Lingrid | DOGEUSDT Potential Channel BREAKOUT. Long BINANCE:DOGEUSDT broke and closed above the key level at 0.3500, showing strength. Currently, the price action is testing the channel border and resistance within the 0.3700-0.3800 range. It appears the market took liquidity below the previous week's low, potentially creating a false breakout. As such, the market is now testing the previous week's high. We had a consolidation phase since the beginning of January, therefore I anticipate the market to break out of the downward channel and retest the trendline. My goal is resistance zone around 0.4300
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SPELLUSDT (SpellToken) Updated till 18-01-25SPELLUSDT (SpellToken) Daily timeframe range. PA tried at 0.0011704 but seller overcome that resistance. depend on cool down if buyers hold on to it in mid level than we can see another push. local support 0.0006925 if holds, there will be always another chance.
Gold remains strongly bullish In my post yesterday, I mentioned that gold could extend its upward movement and reach the important 2720 resistance zone (clearly highlighted in the chart I shared).
As expected, the price climbed to that level and, as is typical, began a correction.
In my view, this pullback should be seen as a buying opportunity for bulls looking to rejoin the upward trend.
There is a strong likelihood that gold could break above this resistance level, possibly as soon as today or early next week.
Silver could rise above 32 (1500+ pips target)In my previous analysis on OANDA:XAGUSD , I noted that the lack of bearish continuation following the break below the 30 level suggested a high likelihood of a false breakout.
I anticipated that the price would most likely reverse to the upside, and this scenario has played out as expected.
After breaking back above the 30 level and successfully retesting it, XAG/USD is now holding steadily above this important support.
Additionally, the price has broken out of the falling wedge pattern by moving above the descending trendline.
The morning star candlestick formation observed two days ago further reinforces the bullish outlook.
Adding to the positive sentiment, a strong close today could result in a continuation pin bar on the weekly chart, further supporting upward momentum.
In conclusion, the strategy remains to buy on dips, with an ideal entry around 30.30 and a target at the technical resistance above 32.
Lingrid | GOLD approaches December High. Short-Term PullbackThe price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD is currently trading above the 2700 key level, and as the market approaches the channel border and the upward trendline, there are signs of potential resistance. The price previously dropped from the resistance area before and it is likey that a short-term retracement could occur if we receive sell confirmation. Additionally, the market is nearing the December high, which presents a significant level where a bounce could take place. If the market shows rejection at this resistance zone, I expect a short-term pullback. My goal is support zone around 2677
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Lingrid | EURCAD shorting OPPORTUNITY at the KEY zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910
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Lingrid | TONUSDT anticipating a BREAKOUT to the UpsideOKX:TONUSDT market made a false breakout of the previous week's low. Currently, the price is testing the downward channel border, suggesting a potential breakout in the market. On the daily timeframe, the multiple downside spikes indicates buying pressure from support levels, which could be sign of a potential shift in market sentiment. I think the market may consolidate around this level and potentially break upwards from here, starting from next week. Looking left, there was a bullish move before from the support zone at 5.38-5.40. This area may serve as a foundation for a renewed bullish movement, potentially leading to a bull run. My goal is resistance zone around 5.730
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Hellena | GOLD (4H): Long to area of 2726.976.Friends, it's been pretty hard lately to draw waves on a gold chart and I realize that not everyone likes it, but I'm trying to be objective.
The downtrend has not been confirmed and at this point it means that a five-wave upward movement is expected to complete.
I expect that the correction will be completed in the middle-order wave “2” (2640 area), then we will see the beginning of the wave “3”.
But it is also possible that wave “1” will continue and then the correction will be a little later - this is a risky entry.
In both cases I expect to reach the area of 2726.976.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold outlook: Buy dips remains the strategyIn my post yesterday, I mentioned that gold could test levels above 2700. True to expectations, the price rose steadily throughout the day, briefly spiking just above this critical 2700 level overnight.
After a short-lived correction, the price has returned to the 2700 zone. My outlook remains bullish as long as the 2660 support zone holds strong. For now, buying on dips remains the preferred strategy.
The immediate target is the 2720 resistance zone, which could act as a key level to watch for profit taking on buys.
Lingrid | SHIBUSDT fake BREAKOUT of the WEEHKY LowsBINANCE:SHIBUSDT moved lower, forming an ABCD pullback. It created a false breakout of the last three weeks' lows, resulting in a long-tailed bar on the weekly timeframe. The market has respected the downward trendline and recently bounced off it. With the price rolling back above the PWLs, there is a possibility that it may retest that level again. When zooming out, the strongest support level appears to be around 0.000019. The price could potentially move toward this level again. However, in the midterm, I expect that the market to at least retest the LH and potentially the zone above it. My goal is resistance zone around 0.000023
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Lingrid | EURUSD fake BREAKOUT. Short from RESISTANCEFX:EURUSD market recently made a false breakout above the resistance zone at 1.03200-1.03300. On the daily timeframe, the bearish trend remains intact. In response to the news release, the price dropped, and I think this downward momentum will persist, driving the price to lower levels. Furthermore, the market broke and closed below the upward trendline, which had been supporting a pullback against the major downtrend. This breakout suggests a potential continuation. I expect the price to continue to move lower, pending confirmation such as a rejection candle. My goal is support zone around 1.02475
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