Lingrid | EURUSD Bearish TREND: Downward Momentum PersistsThe price perfectly fulfilled my last idea. It hit the TP. FX:EURUSD is currently making lower lows, indicating persistent bearish pressure. Early this morning, the market opened with a gap down and is now testing last week's low, with the potential to break and close below that level. Overall, the market is approaching the previous year’s low area, which lies around the 1.0500 support zone. Notably, the market is forming an ABCD pattern, with point D completing just below the psychological level. Therefore, I anticipate that the market to continue its downward movement to complete the formation. My goal is support zone around 1.0600
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AGLDUSDT (AdventureGold) Updated till 13-11-24AGLDUSDT (AdventureGold) Daily timeframe range. it had a crazy pump today over 164%+. position traders made good gains there. this is one of many alts could perform same soon. now it needs to stay above 1.736 for retrace back. it still got space to cover.
Alikze »» GROK | Wave 3 or 3 bullish scenario - 1D🔍 Technical analysis: Wave 3 or 3 bullish scenario - 1D
- After a bullish cycle it has had a complex zigzag correction inside a bearish channel on the daily time frame.
- Currently, it has completed an AB=CD cycle up to the range of the negative line of the ceiling of the descending channel.
💎 To continue the upward path, it can be broken with pullback to swing or the middle of the channel up to the range of the green box, and enter the next upward cycle.
⚠️If the correction touches the bottom of the previous range, the bullish scenario is invalidated and can form a double zigzag correction.⚠️
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MEXC:GROKUSDT
Lingrid | GBPCHF double TOP at the RESISTANCE zoneThe price perfectly fulfilled my last idea. FX:GBPCHF has recently showed a shift in market dynamics by breaking and closing below the upward trendline, which previously indicated bullish momentum. Additionally, the double top at the resistance zone signals a potential reversal and weakens the bullish outlook. After consolidating around the psychological level at 1.13000, the market has moved lower, reinforcing the bearish sentiment. The daily timeframe also shows that the market is in a consolidation phase. The recent bounce off the top of the consolidation zone suggests that the price may move downward to retest the lower boundary of this zone. Given that the last daily candle was notably bearish, there is a strong possibility that the price may test the previous day’s low before continuing its downward trajectory. My goal is support zone around 1.11850
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Lingrid | SOLUSDT pullback TRADING OpportunityBINANCE:SOLUSDT has shown a strong bullish movement, making an upward impulse leg after breaking and closing above the consolidation zone. Additionally, the price broke and closed above the psychological level at 200, which adds to the bullish sentiment. After reaching new highs, the price is currently pulling back from the resistance zone. This pullback could present a good opportunity to enter long positions, especially if the market shows signs of rejection at the support level and the upward trendline. If the price bounces off these key levels, we can anticipate a potential bullish move toward the upper border of the channel. My goal is resistance zone around 225.
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Lingrid | GBPJPY Potential Channel BREAKOUT. ShortThe price perfectly fulfilled my last idea. It reached target level. FX:GBPJPY is currently forming a triangle pattern and is testing the lower border of the upward channel. There is a potential for the price to break and close below this channel, which could indicate a shift in trend. On the daily timeframe, the formation of a double top pattern is notable, as this pattern often precedes a bearish move. Additionally, the price is showing lower highs, which indicates increasing selling pressure in the market. If these bearish signals continue to develop, it could lead to a significant downward move. My goal is support zone around 195.570
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Lingrid | BNBUSDT bullish MOMENTUM. Long from SUPPORT zoneBINANCE:BNBUSDT is currently in a bullish trend. Recently, it broke and closed above the consolidation zone, successfully breaking the 610 level, which had been tested multiple times. This contraction has led to expansion, suggesting that the market is likely to continue moving upward toward the resistance zone around 1000 setting up new all time highs. There is a possibility that the market may form a pullback toward the support zone before the further bullish direction. This pullback could provide a good buying opportunity for those looking to enter before the anticipated upward movement resumes. My goal is resistance zone around 700
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Lingrid | TRXUSDT pullback and CONTINUATION of the BULLISH trendThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:TRXUSDT has been showing a bullish trend, consistently making higher lows and higher highs. Recently, the price pulled back from the resistance zone but found support at the psychological level of 0.1600. After that, the market dipped below the previous week's low to grab liquidity before continuing its upward movement. Given these factors, I believe the market may reach the recent resistance zone again. My goal is resistance zone around 0.1676
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Lingrid | GOLD Head and Shoulders Pattern EmergesOANDA:XAUUSD market has plunged during the London session, breaking and closing below the psychological level of 2700. Prior to this drop, the price action appeared to be forming a head and shoulders pattern, which is typically a reversal formation. Additionally, it has broken and closed below the upward trendline that has supported the price since the beginning of August. While the major trend remains bullish on the higher timeframes, I believe the market may be entering a deeper correction phase, as mentioned in my weekly forecast. With high-impact news today, we can expect heightened volatility in the NY session. I expect the market to retest the trendline and the resistance zone at 2700, followed by a bearish move towards the previous monthly low. My goal is support zone around 2615.
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GILD Gilead Sciences Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GILD Gilead Sciences prior to the earnings report this week,
I would consider purchasing the 89usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $2.91.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | GOLD Weekly Technical AnalysisOANDA:XAUUSD market made a bearish move earlier in the week but rebounded on Thursday and Friday. Despite the current volatility, a sideways movement appears likely following these recent fluctuations. The price bounced off a support level after the FEDs decision to cut rates, but we also saw some bearish movement, closing Friday's session in the red. It closed below the psychological level of 2700, indicating a potential consolidation between the 2600 and 2700 levels after facing strong resistance.
On the daily timeframe, the market may be forming an ABC pullback toward the 2600 support level, as it has not tested this level since breaking and closing above it in September and October. Looking at the 4H timeframe, we can clearly see a shift in market structure, by prices making lower lows and lower closes, along with a breakout from the upward channel. The market had been contained within this channel for the past three months, but it has now broken out, retested the channel, and is currently showing signs of a rebound.
Given that the gold market often creates triangular patterns, we may see this formation develop in the first half of next week. I anticipate continued consolidation, as prices typically tend to move sideways or form a two-legged pullback following significant movements, much like we observed last month.
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Lingrid | BITCOIN breakout of 7-Month Consolidation ZoneThe price perfectly fulfilled my last idea. It hit the target zone. BINANCE:BTCUSDT made an upward impulse leg, successfully breaking and closing above the consolidation zone that persisted for over 200 days. The market has now tested the psychological level of 80,000, which raises the possibility of a pullback from this level. Typically, the longer the market remains in a consolidation zone, the stronger the resulting breakout tends to be. The last weekly candle closed with significant strength, forming a large bullish bar. I believe that the market may retest the around 50% level of last week’s candle range. My goal is resistance zone at 86,000
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Alikze »» FLOKI | Upward wave 5 scenario🔍 Technical analysis: Ascending wave 5 scenario - Ascending triangle corner pattern
- In the 1W timeframe, a zigzag correction was preceded by an inability to break through the supply zone.
- Zigzag modification has formed an ascending angle triangle pattern.
- According to the bullish structure and behavior, it can have another bullish cycle.
- Currently, it has left the corner of the ascending triangle and has faced selling pressure in the supply area.
- Therefore, it can break the supply zone after the pullback to the broken structure and move to the next supply zone.
- This rising log can be wave 5 and the last wave of the rise, which can rise at least as much as the previous wave (wave 3). Or to be able to grow as much as the previous log.
💎Therefore, according to the size of the previous log, which has grown by more than a thousand percent, this log can grow by almost 1000 percent from the floor before the growth modification.
⚠️ Note: If the bottom is touched before, the zigzag correction will be complicated and the analysis will be invalid and need to be re-checked. ⚠️
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BINANCE:FLOKIUSDT
HIVE Digital Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HIVE Digital Technologies prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Lingrid | AUDJPY short from RESISTANCE zone at 101.000 The price made a false breakout of the resistance zone at 102.00, leading to a bearish impulse move. Following this, $FX: AUDJPY declined sharply after testing the upper boundary of the upward channel, where it rebounded. I believe that it will continue to move downward and test the support level, especially considering the long-tailed bar formed on the weekly timeframe, which suggests a potential shift towards lower levels. Moreover, the overall trend is rather sideways, with the price having made a false breakout at the top of the range. Therefore, I anticipate a pullback towards the resistance zone, followed by a bearish move. My goal is the support zone around 96.170
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Lingrid | EURUSD bearish MOMENTUM: Short from RESISTANCE zoneThe price perfectly fulfilled my last idea. It reached the take profit level. FX:EURUSD has recently formed a strong impulse leg down, breaking and closing below the previous support level on the 4H timeframe. Currently, the price is generating a long-tailed bar, which could indicate a potential pullback against major trend. Also recent surge in the TVC:DXY , shows a bearish sentiment and on the daily timeframe, the price broke through the upward trendline that has been in place since April, further confirming bearish sentiment. I expect a pullback in the near term, but the overall trajectory seems to suggest that the market will continue to move down or consolidate after the impulse leg. My goal is support zone around 1.06700
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STGUSDT (StargateFinance) Updated till 09-11-24STGUSDT (StargateFinance) Daily timeframe range. we can see a nice move here now all it needs a clean close over 0.4177 that can push it further. for the pump not get invalid it needs to stay above 0.3147. re-entry is valid from recent support from a retrace candle.
Alikze »» ETH | Wave 3 or rising C scenario - 8H🔍 Technical analysis: Wave 3 or rising C scenario - 8H
- According to the analysis presented in the weekly time frame, after a short growth, it has entered a corrective phase up to the green box area, so we expect it to enter an upward phase up to the dynamic trigger area.
- It is moving in an ascending channel in the 8-hour timeframe.
- The 2062 range of wave B correction is over.
- After the demand in the range of 2062, a complete movement cycle in the form of 5 waves towards the ceiling of the growth channel has continued.
- A double top has been created in the area of the channel roof, which has entered a correction phase after that.
- The corrective phase has completed a 5-wave cycle to the origin of the movement of the 2310 range.
After that, it has a three-wave pattern up and a three-wave correction that can now enter the 3-of-3 microwaves.
- In the first step, this upward cycle can continue until the supply zone (the first red box), after which it can have a short correction.
💎After that, it is expected that the big wave 3 in the middle of the channel, after a temporary correction, will enter the next bullish phase to the second red box range.
💎Therefore, the second step of the movement can have the goals of 3200 to 3500.
⚠️ In addition, in case of touching the range of 2151, the bullish scenario in the 8H time frame will be invalidated and should be reviewed and updated again. ⚠️
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KUCOIN:ETHUSDT
Lingrid | GBPAUD pullback Towards BEARISH ContinuationThe price perfectly fulfilled my previous idea. It hit the target zone. FX:GBPAUD is currently making lower lows, which indicates a prevailing bearish momentum. The recent price action shows that it broke and closed below the consolidation zone, further reinforcing the bearish outlook. Additionally, the price tested the resistance zone twice before breaking through, highlighting the significance of that level. Therefore, I expect the market to pull back toward the resistance zone before continuing its bearish movement. This pullback could provide a good opportunity for sellers to re-enter positions, anticipating further downward pressure. My goal is support zone around 1.94295
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GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel.
The volatility of the movement has decreased.
The price has reached the resistance level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Lingrid | TONUSDT remains in a SIDEWAYS TrendThe price perfectly fulfilled my last idea. It has reached the target level. OKX:TONUSDT is currently making lower highs, indicating a potential bearish trend, and is also making equal lows, indicating that there is still buying pressure. Given this price action, it is possible that the market could move lower to break the recent equal lows before attempting to move higher. I expect the market could take liquidity below the support level, which would support a bullish move and a retest of the descending trendline that has been in place since August. My target is the resistance zone around 5.775
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