Hellena | SPX500 (4H): Long to resistance area 5684. Dear Colleagues, I believe that the price will still continue its upward movement. I believe that we are witnessing the development of a five-wave impulse and very soon the price will start moving in wave “5”.
I expect that the price will either start its upward movement immediately or after a deeper correction to the area of 5477.
After that I expect to reach the resistance area of 5684.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Signalservice
Alikze »» XAUUSD| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- Gold is moving in a descending channel in the 1H time frame.
- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.
- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.
💎 Also, if it breaks the red box area downwards, it can test the 2353 range.
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OANDA:XAUUSD
Ethereum back to 4k zone?Unlike Bitcoin, the recent correction in the crypto market hasn't led to a break of support in COINBASE:ETHUSD case. Instead, bulls held the 2900 technical support level very well. Although the recent ETF approval led to some profit-taking, bulls returned to the market around 3100, establishing a higher low.
With new optimism back in the crypto market, I don't see ETH being left behind, and I expect a continuation toward the 4000 resistance level.
Technically, as I mentioned, we have a higher low relative to the 2900 support, and once 3400 is cleared, we could expect acceleration. This outlook is negated if the recent low does not hold.
Solana- Ready for new ATHAfter reaching the 200 milestone back in March, Solana experienced a correction, which was expected.
However, unlike other altcoins, bulls managed to maintain the price well above the 2023 lows, where the bull run started. They acted "technically", preventing the price from falling below 125, a former resistance level that has now become support.
The past three weeks have been strongly bullish, with the current week showing a continuation Pin Bar. The price is now positioned just below resistance. I anticipate a break above this resistance, and if that happens, SolUsdt will likely reach a new all-time high.
In my opinion, 300 is a reasonable target for Solana.
QKCUSDT(QuarkChain) Daily tf Range Updated till 29-07-24QKCUSDT(QuarkChain) Daily timeframe range. it had very nice retrace from its local low. easy profits their i had. now failed to close over 0.013608. recent support is at 0.011082 if it breaks than back to 0.009305. if not than back to 0.013608.
From Monthly to Daily: Bitcoin’s Bullish Surge Above $100KI'm not a "to the Mooner", and when I thought Bitcoin was going down, I said so, even though I knew I'd get some negative comments.
I'm not a perma-bear either...
In fact, at the beginning of this month, I mentioned that the break under 60k is most probably a false break.
I try to stay as objective as possible, trading based on what I see rather than my biases, and right now everything I'm seeing looks extremely bullish
I'll break down my analysis from monthly to daily because I believe all signs point to Bitcoin reaching 100k or more by the end of the year.
Monthly Chart Analysis:
Starting with the monthly chart, although I'm not an Elliott Wave (EW) expert, it's quite clear that from the 15,500 bottom, we have an impulsive EW structure.
The first wave reached 31.5K, followed by a correction in the second wave down to 25K. Wave three then surged to 74K, and now we're experiencing the complex correction that typically characterizes wave four.
Going further with basic Elliott Wave (EW) theory, Wave 1 shows an approximate 100% increase from 15,500 to 31,500.
Wave 3 then surged from 25,000 to 74,000, an approximate 200% increase.
After a correction in Wave 4 down to 54,000, we can now project Wave 5 using these percentage movements.
Using the percentage increase of Wave 1 (100%) and applying it to the bottom of Wave 4 (54,000):
- A 1.0x extension of Wave 1’s percentage increase suggests Wave 5 could rise by approximately 54k (54,000 * 1.0), reaching a target above 100k.
- A more bullish scenario, using a 1.618 extension of Wave 1’s percentage increase, suggests Wave 5 could rise by approximately 90,000 (54,000 * 1.6), reaching a target of 144,000.
Therefore, considering these percentage movements and the high volatility of Bitcoin, the potential target for Wave 5 could be between 100k and 150k, depending on market conditions and the exact nature of Wave 5.
Weekly Chart Analysis:
Refining to the weekly chart, we observe a notable upward movement from 25 to 74, followed by a correction that forms a bullish flag pattern.
The bottom of this flag pattern aligns around the 38% Fibonacci retracement level, which is typical for flag formations.
Additionally, from a price action perspective, the last three weeks exhibit strong bullish tendencies, with the current week presenting a bullish continuation Pin Bar.
Applying the measured target for the flag pattern projects a value above 100k.
If we were to apply a percentage-based target similar to the wave analysis, it would suggest 150k, but it's prudent to hold off on that projection for now (though this would approximately equate to a 1.6 extension from the monthly wave analysis).
Daily Chart Analysis:
Zooming in further to the daily chart, we clearly see a false break followed by a reversal back above 60k.
The recent correction dropped to a horizontal support level, concluding with a Pin Bar. Adding to this, yesterday's bullish candle completes a strongly bullish Morning Star pattern, indicating a likely imminent break of the resistance level.
Overall Perspective and Conclusion:
Looking at Bitcoin's behavior from monthly down to daily charts, the outlook remains very positive.
The long-term wave analysis suggests significant growth potential. On the weekly chart, the bullish flag pattern points to further gains, and the daily chart's reversal patterns reinforce this bullish sentiment.
In summary, Bitcoin is showing strong signs of upward movement across all time frames. While conservative targets point to around 100k, the possibility of reaching 150k isn't off the table if the bullish trends continue.
As always, it's wise to watch for key resistance breaks to confirm these bullish projections.
Best of luck!
Mihai Iacob
SBUX Starbucks Corporation Options Ahead of EarningsIf you haven`t bought SBUX before the previous rally:
Now analyzing the options chain and the chart patterns of SBUX Starbucks Corporation prior to the earnings report this week,
I would consider purchasing the 77usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $1.97.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | USDCHF short from RESISTANCE zoneThe price perfectly fulfills my previous idea. FX:USDCHF has broken through key support levels and a range zone, which led to an impulsive leg down. Breaking the resistance zone suggests that the price may continue to decline. Given the current downtrend, I expect the price to either fall from this resistance or potentially enter a range, as the market has showed a lot of bearish movement recently. My target is the support level near 0.88050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lido DAO / LDO The price of Lido DAO is $3.27 today with a 24hour trading volume of 260 million dollar. This represents a 8.5% price increase in the last 24 hours and a 66% price increase in the past 30 days
Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g lending, to compound returns.LDO is the native utility token that is used for: 1/Granting governance rights in the Lido DAO. 2/Managing fee parameters and distribution. 3/Governing the addition and removal of Lido node operators.
right now LDO/USDT is breaking out of huge Adam & Eve pattern at 2.8$ and its next targets are 3.3, 3.5 and 3.9 for short term trade
XauUsd- Best place to sell for 1:3 R:RYesterday, XAU/USD continued its descent and dropped to the 2350-2355 support zone without retesting the 2390 broken support, indicating selling pressure.
At this moment, the market is correcting to the upside, which should offer bears better entry prices.
The best zone to sell remains 2390-2400; however, if this zone is not tested, traders should look for lower entry levels in anticipation of a 2350 break.
In the case of a break below 2350, the most obvious level for bears is 2320.
On both weekly and daily charts, the situation looks gloomy, with a strong Pin Bar on the weekly and a Fakey pattern that marks the retest of the broken ascending trendline on the daily.
Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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BINANCE:DYMUSDT
Alikze »» PYTH| Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel in the 8H time frame and daily.
- Currently, with the failure of the channel roof, it is around the supply area and neck line.
- Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining the 0.29 area.
💎 Alternative scenario: In addition, if it stabilizes below the 0.29 area, it can retest the green box.
🛑 Targets: 0.39 - 0.44 and supply area or red box.
🟩 Support: 0.29
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OKX:PYTHUSDT
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | GOLD complex PULLBACK. Opportunity to BUYYesterday, the market reacted to news reports by rebounding from the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars, which indicates level rejection. I anticipate that OANDA:XAUUSD may move toward the key round number at 2400. Given the upcoming news today, there is potential for a price surge. Overall, while I expect the price to continue moving sideways, if the market rejects the support level after news comes out, there is a possibility that it could push towards the week's open price level. My goal is resistance at 2400 from the support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURCAD divergence at the RESISTANCE. ShortThe price action has rebounded from the resistance zone and formed a divergence at this level. Currently, the price is testing the key resistance at 1.5000, having recently formed a false breakout by taking liquidity above it. On the weekly timeframe the market reached the supply area where the price bounced off twice. I anticipate a retest of the main resistance before rolling back toward the support level. My goal is the support level at 1.49520
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Lingrid | TONUSDT has Reached DEMAND zone. Potential LONGOKX:TONUSDT has reached demand zone. Looking left at the price action, we can observe that it has previously reversed swiftly from a bearish trend to a bullish one from this area. The market has broken through the range zone, and this pullback has triggered a significant correction. I anticipate that this pullback continuation of sideways movement between 6.50 and 7.70. On the weekly timeframe, the market has broken below the lows of the last two weeks, suggesting that it may seek liquidity in this area before moving higher. Additionally it bounced off the June's low. While we can't overlook the impressive bullish momentum seen in last month, I expect the market to consolidate briefly before resuming the upward move. My goal is the resistance zone 7.100
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Hellena | GOLD (4H): Long to 50% Fibo lvl 2439.Dear Colleagues, It looks like price has completed an upward five-wave momentum move and is now in an “A B C” correction.
Therefore, I expect the price to reach the area of 50% Fibonacci level 2439. I will then expect the price to decline.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
CVPUSDT(PowerPool) Daily tf Range Updated till 26-07-24CVPUSDT(PowerPool) Daily timeframe range. it did had a huge pump. a nice retrace back from its local low smart profits. as of now its trying to break out of 0.5361. a confirm close can lead it to 0.6789. local support at 0.4258.
DXY- False break and strong reversal ahead?
Last week, the DXY broke below important horizontal support.
However, the next day, the index reversed its losses, followed by a bullish candle on Friday.
This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false.
Now, the index is consolidating above this important horizontal support.
A break above the current lateral consolidation could lead to an upward acceleration.
Typically, after a false break, the asset moves in the opposite direction to test the next significant level.
For the DXY, this sets a target in the 1.0650 zone.
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief!
I prefer price away from all time high as there are more confluences and more price action down here to take better trades from.
I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell.
No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now
lets avvit!!!
tommy
Gold- at important junctureYesterday, after the second test, XAU/USD reversed from 2390 and reached the 2420 resistance zone.
However, last week's drop was impulsive and might only be the first leg of an overall correction within the long-term bull trend.
The rise to just under 2400 appears corrective so far, suggesting we might see another drop below 2400 and eventually a drop below the 2390 support level.
In my opinion, short trades are favored, and the 2420 zone is crucial for traders to watch. However, if the price breaks above this zone, it would indicate a false down break and give an advantage to the bulls, with a new all-time high in sight.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.