EurUsd could correct higher (1.0670 target)The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330.
However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction.
Confirmation of a new bullish leg requires a break back above 1.0515. A daily close above this level could pave the way for a rise toward the 1.0670 resistance zone.
As long as Friday's low remains intact, the outlook remains bullish. Dips near the 1.0400 level could present attractive buying opportunities, offering a favorable risk-to-reward ratio.
Signalservice
TRON | TRX TRX Suddenly Jumps 10%, but Why?
The price of TRON is $0.084 today with a 24hour trading volume of 777 million dollar. This represents a 10% price increase in the last 24 hours.
TRON founder Justin Sun made it known on Twitter that TRON has expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge. "TRX is now fully accessible within the Ethereum ecosystem," the TRON founder added.
Onchain analytics highlights that crypto is seeing a bullish end to the week. This comes as the majority of crypto assets are trading in green at press time after earlier declines in the week.
TRX has been on a steady rise since March 22 after its price hit lows of $0.055. The move gained immense traction on June 2 as TRX exploded from lows of $0.074 to reach highs of $0.084
I opened long position at 0.049 and going to take huge profit right now.we can have pullback at 0.087 so no fomo. trade with strategy
Pnut/UsdtBINANCE:PNUTUSDT
**Current Price**: **$1.0873** 📉
### **Support Levels** (where the price might find potential support):
- **First Support**: **$0.9000** 🔴
- **Second Support**: **$0.8000** 🔴
- **Third Support**: **$0.6504** 🔴
You're saying it's **unlikely** that the price will hold at these support levels for long, but if it does, it could offer a potential bounce! 🤞
### **Resistance Levels** (where the price could face difficulty rising past):
- **First Resistance**: **$1.4000** 🟠
- **Second Resistance**: **$1.7645** 🟠
If **Pnut** can break through these levels, there could be further upside potential 🚀, but these resistance zones are key to watch.
---
### **Summary**:
- **Support Areas**: **$0.9000, $0.8000, $0.6504** 🔴 (Possible bounce if price holds, but you're doubtful)
- **Resistance Areas**: **$1.4000, $1.7645** 🟠 (Key resistance points to break for upward movement)
---
**Not financial advice!** As always, be sure to do your own research and manage your risk carefully! 📊💡
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold rose from 2550 all the way up to our targeted 2700 Key Level . Right now we are trading at 2680s. What to look out for now? What’s next? We have two possible scenarios.
Scenario 1: BUYS
We broke above 2685 and trading above 2696 . That would confirm continuation buys and we would be targeting 2730 .
Scenario 2: SELLS
We failed to break above 2685 and are trading below it. That would confirm our sells and we would be targeting 2650-2640 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2685 would confirm buys.
- XAUUSD failing to break above 2685 would confirm sells.
- Trading above 2696 would confirm our next target 2730.
Happy trading!
FxPocket
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips.
Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences.
But let’s set aside the preamble and dive straight into what we might expect from gold in the near future.
In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level.
True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question.
Key Levels and Trading Strategy
- Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point.
- Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade.
Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully.
Keep in mind, anything can happen in these market conditions—stay prepared!
Avax/UsdtBINANCE:AVAXUSDT
### **$AVAX/USDT Price Analysis Update 🚨**
#### **Current Price: $41.23**
- **Support Level: $37.34**
- Avax is currently priced at **$41.23**. The immediate **support level** you're watching is **$37.34**. If the price fails to hold above this support, the next levels to watch are **$31.34 / $30**, which could be tested if the selling pressure increases.
- **Bearish Scenario:**
- If Avax fails to hold **$37.34**, it could drop towards the **$31.34** or even the **$30** level. These would be key areas to watch for potential price stabilization or further downside.
- **Resistance Level: $45.34**
- If the price holds above **$37.34** and respects the trendline, Avax could face its next resistance at **$45.34**. This would mark a potential breakout point and the next key area to monitor for a possible price rally.
#### **Trendline and Key Levels:**
- The **trendline** you're referring to is crucial for determining whether the price will hold the support level or break down lower.
- **If the trendline holds** and ADA respects the support at **$37.34**, there is a potential for a move toward the **$45.34 resistance**.
#### **Action Plan:**
- **Watch the $37.34 Support**: This is the key level for deciding the near-term direction. If it holds, there’s potential for a rally toward resistance.
- **Bearish Breakdown Possible Below $37.34**: If the price breaks below **$37.34**, the next potential targets are **$31.34 / $30**.
---
### **Conclusion:**
- **$37.34** is a crucial support level for Avax. If the price breaks below it, we may see a drop towards **$31.34 / $30**. However, if **$37.34** holds and the trendline is respected, Avax could push toward the next resistance at **$45.34**.
### **Reminder:**
This analysis is based on current market conditions, and it's important to keep an eye on price action as it develops. Always consider risk management before making any trading decisions.
Ada/UsdtBINANCE:ADAUSDT
### **$ADA/USDT Price Analysis 🚨**
#### **Key Observations:**
1. **Overbought Zone on the Daily Chart❗️**
- ADA is in a highly overbought zone based on the daily timeframe. This suggests that the price may have risen too fast, and a pullback or correction could be on the way. Overbought conditions often signal that buyers might take profits soon, leading to a decline in price.
2. **Weekly Resistance Zone Reached❗️**
- ADA has touched a significant **weekly resistance zone**, which often acts as a ceiling for price movement. Resistance levels are where selling pressure typically increases, making it more difficult for the price to continue rising.
3. **Bearish Correction Expected📉**
- Given the overbought condition and the weekly resistance hit, you anticipate a **bearish correction**. A price pullback is common when assets approach key resistance, especially after a strong rally. This would be a healthy consolidation before any further upward movement.
4. **Support Zone Between $0.8500 - $0.8600📉**
- You are monitoring the **$0.8500 - $0.8600 support zone**. If the price drops into this range, it could find support, where buying pressure may emerge. This is a critical level for potential price reversal or stabilization.
5. **Potential for Bearish Channel on H1 Chart📉**
- On the **1-hour (H1) chart**, you anticipate that ADA could move into a **bearish channel**. A bearish channel indicates a series of lower highs and lower lows, signaling that short-term momentum is down.
6. **Liquidity Shifting in the Bull Market🚀**
- In a bull market, **liquidity can quickly shift between altcoins**. As ADA faces correction, other altcoins could see inflows of capital, which can result in fast price changes. This is a broader market trend where money moves from one asset to another, often in search of better opportunities.
#### **Action Plan:**
- **Alert Set on Support Levels**: You’ve set alerts around the $0.8500 - $0.8600 support zone, indicating that you are ready to buy if the price dips into this area.
- **Not Financial Advice**: As always, this is just your analysis based on your chart setups. It’s important for others to conduct their own research before making any trades.
#### **Takeaway:**
- ADA is currently in an overbought zone and has hit weekly resistance, suggesting the likelihood of a bearish correction. You're watching the support zone between $0.8500 and $0.8600 for potential buying opportunities, and you’ve set alerts to be notified if the price dips to these levels.
---
### **Disclaimer:**
This analysis is based on your observations and chart setups. It is important for others to do their own research and manage risk accordingly. Markets can be volatile, and past performance is not always indicative of future results.
Hmster/UsdtBINANCE:HMSTRUSDT
The current price of **Hamster coin** is **0.003984** 🐹, and it is testing an important **trendline** 📉. A **trendline** connects key highs or lows in the chart, helping to show the market's direction. Right now, the price is retesting this trendline, which could act as support or resistance.
### If the Price Holds Above the Trendline:
If **Hamster coin** stays above **0.003984** and the trendline holds as support, we could see an upward move 🚀. The next **resistance levels** (where selling might appear) are **0.005000** and **0.00634**:
- **0.005000**: This level may act as an initial barrier. If the price breaks through, it shows strength 💪.
- **0.00634**: If the price reaches here, it could signal more bullish momentum 📈.
### If the Price Fails to Hold the Trendline:
If the price drops below the trendline at **0.003984**, the market could be showing weakness. In that case, watch the **support levels** where buying might kick in:
- **0.003636**: The first support level. If the price hits this and holds, it could reverse upward 📊.
- **0.002974**: A deeper support zone, where if the price dips, we could see more downside pressure ⚠️.
### Summary:
- **Trendline holds above 0.003984** → Possible rise to **0.005000** and **0.00634** 📈🚀.
- **Trendline breaks below 0.003984** → Watch support areas at **0.003636** and **0.002974** ⚡.
This is just a **technical analysis** 📉. Always remember, **not financial advice**! Be sure to do your own research before making any decisions 🧐📚.
Hellena | EUR/USD (4H): Short to support area 1.04000.Colleagues, in the coming week I predict a continuation of the downward movement, because wave “C” is not yet completed.
I believe that the price will reach the support area of 1.04000, because it is a strong psychological level.
Now we should be very careful, because after the completion of wave “C” I expect the beginning of the upward movement.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Alikze »» ENJ | Descending channel - 4H🔍 Technical analysis: Wave 3 or C bullish scenario - 4H
- In the 4-hour time frame, according to the previous analysis , after the support in the range of 0.1465, it faced demand, which was able to grow to the middle of the channel.
- It faced selling pressure in the middle of the channel, which led to a zigzag correction to the 0.122 range.
- It is currently moving in a descending channel, which is at the ceiling of the channel and there is also a supply zone.
- Therefore, in case of selling pressure, it can face support in the specified limits or green box and lead to a price growth up to the specified supply area.
💎 In addition, it should be noted that if the green box is broken, the bullish scenario is validated and can have another corrective leg.
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BINANCE:ENJUSDT
Alikze »» COMP | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
- It is moving in an upward channel in the weekly time frame.
- According to the correction of the previous wave as 0.38 Fibo, demand is encountered in the area of the bottom of the ascending channel and an ascending candlestick is observed in the area of the bottom of the channel.
- Currently, in the weekly time frame with the buying pressure candle, the dynamic trigger is broken and it can continue its growth with demand in the range of the green box of the next wave at least up to the ceiling of the growth channel.
💎In addition, in case of failure of the first channel, the upward wave can continue to grow up to the specified supply area.
⚠️ Note: If the candle closes below the Fibo 38 range, there will be more possibility of correction and the continuation of the bullish scenario will be invalidated and should be checked and updated again.⚠️
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BINANCE:COMPUSDT
Sand/UsdtBINANCE:SANDUSDT
🚀 **$LUNA/USDT - Current Price: $0.6160** 🚀
**Resistance Zone**:
- Right now, LUNA is at **$0.6160**, which is a key **resistance zone**. If it holds, the next targets could be **$0.7234** and **$0.800**. 📈
**If Price Doesn't Hold**:
- If the price drops, look for support at **$0.4550**, **$0.3556**, or **$0.3003**. 📉
---
⚠️ **Not financial advice!** Always manage your own risk and do your research! 📊💡
---
Hope this helps!
Luna/UsdtBINANCE:LUNAUSDT
### 🚀 **$LUNA/USDT - 140 Days Range Breakout** 🚀
**What is a "Range Breakout"?**
A **range breakout** happens when the price of an asset (in this case, LUNA) moves decisively outside a price range it has been stuck in for a while. In this instance, we're looking at a 140-day period where LUNA's price was consistently bouncing between two price levels. If LUNA has broken through these levels, it could indicate a **shift in market sentiment**, signaling that the price is about to move significantly.
---
### 🔑 **What Does This Mean for LUNA?**
**1. Momentum Shift:**
- LUNA has been consolidating for **140 days**, meaning it was trading in a sideways pattern with no clear direction. But with the breakout, the market could be signaling that **bullish momentum** is now kicking in.
- **When price breaks out of a range**, especially after a long period, it often leads to a big price move in the direction of the breakout (in this case, up 🚀).
---
### 🎯 **Key Price Targets: $0.680 and $0.800** 🎯
- **$0.680**: If LUNA continues to rally, the next key level to watch could be around $0.680. This is where we might see **resistance**—meaning, the price could slow down or even pull back as traders take profits.
- **$0.800**: Beyond $0.680, the next psychological resistance could be $0.800. If LUNA can break and close above $0.680, $0.800 could be within reach as a **strong psychological resistance level**.
---
### 📈 **Volume Matters!**
- For this breakout to be real, we want to see **high volume** confirming the move. This means more people are buying into LUNA, supporting the upward trend.
- If the breakout happens with low volume, it could be a **false breakout**, and the price could quickly drop back inside the previous range.
---
### 💡 **Market Sentiment & Broader Trends** 💡
- **Bitcoin & Ethereum's influence**: LUNA’s movement could be influenced by the overall market, especially the trends in BTC and ETH. A **bullish environment** in the crypto market tends to drive altcoins higher.
- If Bitcoin starts to move up, it could give LUNA the boost it needs to reach those higher price targets! 🌕
---
### ⚠️ **Stay Cautious & Manage Risk** ⚠️
- **Resistance Levels**: If you’re watching the price move up, keep an eye on those **key resistance levels** ($0.680 and $0.800). These are places where the price could slow down or reverse.
- **Stop-Loss Strategy**: Always have a plan in case things go wrong! Setting a **stop-loss** can help you limit any downside risk.
---
### 📊 **TL;DR (Too Long; Didn't Read)**
- **Breakout from a 140-day range** suggests **bullish momentum** for LUNA/USDT. 🚀
- **Price targets**: $0.680 and $0.800 are the next big resistance levels to watch. 📈
- Always confirm with **volume** and be aware of **market sentiment**! 🔍
---
### 🚀 **To the Moon? Or Will it Get Stuck?** 🚀
With everything lining up, there's a possibility of an exciting run toward $0.680 and $0.800. However, like with all trades, the crypto market can be unpredictable. Keep your eyes on the charts, and always stay prepared for anything! 🧐💸
Remember, it's always important to do your own research and never invest more than you can afford to lose. Happy trading! 💪🚀
Morpho / Usdt OKX:MORPHOUSDT
📉 **Current Price**: 1.1450
The current price of Morpho is at **1.1450**, which is an important level to watch closely.
🔝 **Resistance Levels**: 1.2243 / 1.500
The price may face resistance at **1.2243** and **1.500**, which could act as barriers to further upward movement. If the price reaches these levels, it may struggle to go higher without significant buying pressure. 🚀💥
🔻 **Support Levels**: 1.000 / 0.800 (Note: These support levels might not be entirely accurate)
If the price drops, **1.000** and **0.800** are considered potential support levels. However, it’s worth noting that these support levels may not be reliable, and the price could fall below them if there's no strong demand. ⚠️⏬
💡 **Risk to Invest**:
The price is at a critical point, so there’s a **risk** if it doesn't hold above resistance levels or fails to find support. If the price falls below support, it could continue downward. Always consider the **potential for loss** when investing. 📉💸
🔮 **Outcome Uncertainty**:
No one can predict exactly where the price will go, so **do your own research** and assess the market conditions. Don’t rely solely on these levels! 📊🔍
⚠️ **Important Reminder**: Make decisions based on thorough analysis, and remember that **investing always involves risk**. Stay cautious! 💰🔒
Lumia / Usdt BINANCE:LUMIAUSDT
The Lumia Price is currently sitting at $1.242 📉, which indicates a slight downward movement. The first key support area to watch is around $1.98 🔻. This level is crucial because if the price fails to reach or hold this area, the market could experience further downward pressure.
If the price doesn't manage to hold at $1.98, the next support zone to look out for is much lower at $0.912 🔽. This level would indicate a significant drop, and traders should keep a close eye on price action near this point for possible signs of stabilization or further decline.
On the flip side, if the price breaks through and successfully holds below the $0.912 level, it could indicate a bearish trend, and the next resistance level could come into play around $1.500 🚀. This resistance level is important to monitor as a potential barrier that may halt any upward movement. If the price manages to push through this resistance, it could signal a potential reversal or upward momentum.
However, keep in mind that this analysis is for informational purposes only and is not financial advice. Always do your own research and consult with a financial professional before making any investment decisions. 🙅♂️📊