BCHUSD at Key Support – Potential Buy SetupCOINBASE:BCHUSD is trading within a significant demand zone where buyers have previously stepped in, causing strong reversals. The recent pullback into this area indicates the potential for a bullish reaction.
If the price shows bullish confirmation—such as engulfing candles or wicks rejecting lower prices—a move toward the 460.00 level is expected. This zone could act as a base for buyers to regain control.
However, if the price breaks below this support zone, the bullish outlook will be invalidated, and further downside could follow.
Supply and Demand
Detailed Analysis of the Chart: Gold (XAU/USD)
This chart represents the 4-hour price action of Gold (XAU/USD) against the U.S. Dollar. Here are the details observed from the chart:
Key Observations:
Price Range:
Current Price: $2,719.418
Recent High: $2,724.080
Recent Low: $2,718.715
Green Zone (Supply Zone):
The chart indicates a supply zone (marked in green) where selling pressure is anticipated.
This zone appears to be between $2,730 and $2,740.
Sellers are likely to dominate when the price enters this zone, leading to a potential reversal.
Red Box (Stop-Loss Region):
This zone represents the stop-loss for short positions, just above the supply zone.
Positioned around $2,738.927, indicating cautious risk management for short trades.
Downside Target (Take-Profit Area):
The chart suggests a bearish bias, with a potential downside target near $2,695.956.
This is the take-profit level for sellers, anticipating a downward movement after the price fails to break through the supply zone.
Bearish Rejection:
The price recently attempted to break into the supply zone but faced rejection.
This reinforces the likelihood of a short-term downward move.
Technical Indicators:
The chart does not display indicators like RSI or MACD, but the pattern indicates a potential bearish momentum based on price action alone.
Prediction:
If the price continues to respect the supply zone at $2,730–$2,740:
Expect a pullback towards $2,695, which aligns with the bearish setup shown.
If the price breaks above $2,738, this could invalidate the bearish scenario, leading to a potential bullish breakout.
Recommendation:
Watch for a price retest of the $2,730–$2,740 zone for confirmation of selling pressure.
A break above $2,738 would signal a trend reversal.
INDUSTOWER
Overall Trend:
Upward Trend: The green lines suggest an overall upward trend in the stock's price. This means the price has been generally increasing over the period shown.
Price Movement:
Volatility: The price has experienced significant fluctuations, with periods of sharp rises and falls. This is indicated by the vertical lines, which represent the price at different points in time.
Support and Resistance: The green and red lines might represent support and resistance levels. Support levels are price points where the price tends to find support and stop falling. Resistance levels are price points where the price tends to encounter resistance and stop rising.
Technical Analysis:
This chart is likely used for technical analysis, which involves studying past price and volume data to predict future price movements. Technical analysts use various tools and indicators (like the lines and boxes in this chart) to identify patterns and make trading decisions.
Disclaimer: This is a basic interpretation of the chart. Technical analysis is complex, and interpreting charts requires expertise and experience.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
A nice start to the week with price attacking the red box, giving the RIP and long trade back into the red box which is where we started to see a whole day of ranging. We're at a crucial price point now with MA's drawing together and accumulation in progress so please play caution here. We would ideally like to see another swoop of the low before an attempt higher, however, if they break above overnight we're likely to go up without another pullback.
The difficulty here is this small range so unless you're already long from below, it's probably not a great idea to start trading within the accumulation and range. Let's wait for the breakout, which looks to be imminent.
As always, trade safe.
KOG
Let's take a look at TRUMP (1H)Since there is limited data available for the TRUMP token, we need to check it on lower timeframes.
From the point where we placed the red arrow on the chart, it appears that a correction in TRUMP has started.
This correction seems to be a diametric pattern.
If you're looking for a rebuy, look for opportunities in the green zone.
Closing a 4-hour candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
TRUMP PRESIDENTIAL OATH GOLD SIGNAL ALERT!Hey All Traders:
Tomorrow Monday market open and due to BANK holiday in US gold possible move sideways.
for now Gold strong supply zone at 2713 to 2716 are valid for entry for short.
target of MONDAY signal 2690 and my second target is 2685 after this point hit gold will buy and mark a new ATH.
GOLD fall in this week because TRUMP sit on PM house and news is good for US currency so GOLD will fall and big drop coming in market.
XAUUSD TOD POSSIBLE MOVEMENT MUST READ CAPTIONGold prices have surged to a 10-week high, reaching $2,727.19 per ounce, as the U.S. dollar weakened following President Donald Trump's inauguration and indications of a gradual approach to implementing tariffs.
Technical analysis suggests that while the overall trend remains bullish, a short-term bearish correction could occur, potentially testing the support level near $2,695 per ounce.
However, the broader outlook remains positive, with analysts anticipating that gold prices may reach $3,000 per ounce in 2025, driven by factors such as geopolitical tensions and central bank buying.
XAU/USD 21 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Previous analysis has been met. Following price printing bearish CHoCH, price has printed a further bullish iBOS. This has significantly narrowed the internal range.
Price did not trade into either discount of 50% or H4 demand zone before targeting weak internal high, however, on this occasion I will remain systematic in my approach and revisit later.
Intraday Expectation:
Price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. Bearish CHoCH positioning is denoted with s blue dotted line.
It would be useful to remember that Daily TF swing and internal range are bullish.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price has printed as per my previous analysis dated 17 January 2025 with price targeting weak internal high following a very deep pullback.
Price has printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high priced at 2,733.060.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
PEOPLE Reversal Setup at Channel Bottom | 100% Potential Return
BINANCE:PEOPLE/TETHERUSHTTPS - 4H TIMEFRAME 🎯
SETUP STRUCTURE:
━━━━━━━━━━━━━━━━
✦ ENTRY: $0.03578
✦ TARGET: $0.07380
✦ STOP LOSS: -3% Below Entry
✦ RISK:REWARD: 35:1
✦ TIMEFRAME: 4H
✦ POSITION TYPE: SWING TRADE
TECHNICAL CONFLUENCE:
━━━━━━━━━━━━━━━━
1. PRICE ACTION:
• Descending Channel Bottom Test
• Multiple Timeframe Support Zone
• Previous Strong Demand Area
2. MARKET STRUCTURE:
• 6-Month Downtrend Exhaustion
• Potential Double Bottom Formation
• Clear Volume Profile Support
3. KEY CATALYSTS:
• Oversold RSI Divergence
• High-Volume Accumulation Zone
• Strong Historical Support Level
TRADE MANAGEMENT:
━━━━━━━━━━━━━━━━
ENTRY STRATEGY:
• Scale in between $0.03578-$0.03600
• Initial position: 40% of total size
• Add on first confirmation: +30%
• Final add on trend confirmation: +30%
TAKE-PROFIT STRATEGY:
TP1: $0.05000 (25% of position)
TP2: $0.06200 (50% of position)
TP3: $0.07380 (25% of position)
INVALIDATION:
• Break below support with volume
• Loss of 4H market structure
• Failure to hold entry zone after 4H
RISK DISCLOSURE:
━━━━━━━━━━━━━━━━
Trading involves substantial risk of loss. This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your own research and trade responsibly.
#USDT #TechnicalAnalysis #Trading #CryptoTrading #SwingTrading
Tags: @TradingView
#NEAR/USDT Ready to go higher#NEAR
The price is moving in a descending channel on the 1-hour timeframe and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 4.70
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.90
First target 5.46
Second target 5.83
Third target 6.32
EURCAD at Major Resistance – Short Opportunity Ahead?OANDA:EURCAD is currently testing a significant resistance zone. This area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control.
A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 1.49017 level.
Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
XRP/USDT: Critical Decision Point - Range or Drop?Here's a concise analysis of the XRP/USDT 12H chart:
Technical Setup:
- Price in descending parallel channel (blue lines)
- Currently at: 3.1666 USDT (-3.82%)
- High volume (263.81M)
- Notable Fibonacci levels marked: 0.5 and 0.66
Price Action Forecast (marked in yellow):
- Potential sideways consolidation with volatile swings
- Range between 2.8-3.2 USDT
- Risk of -18.76% downside noted (-0.5948)
Key Levels:
- Resistance: 3.4 (0 Fib level)
- Support: 2.8 (0.5 Fib level)
- Critical Support: 2.6 (0.66 Fib level)
Trading Note:
Caution advised - chart shows possible distribution pattern with high volume. Wait for clear direction before taking position.
EURCAD Testing Key Resistance Zone - Short Setup PotentialOANDA:EURCAD is testing a significant resistance zone, marked by historical price rejections and strong supply on the 4H timeframe. Given the overextended move into resistance, we could see a reversal if the price shows clear signs of rejection. Look for bearish confirmation signals such as a pinbar, long upper wicks, or bearish engulfing candles. If sellers regain control at this level, I anticipate a move downward toward the 1.49110 level.
EURCHF - 21 Jan 2025 SetupEURCHF Market structure are now on a Bullish mode. Spotted demand area (Green Rectangle). the demand area are the area that breaking new high so it can be great area.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
BTC.D New Update (3D)First of all, pay attention to the timeframe; it’s a daily timeframe, and this analysis is time-consuming.
The subwaves of this index are numerous, even in higher timeframes, which results in multiple technical analysis scenarios. However, we always identify the most probable scenario.
Given the lack of a drop in Bitcoin dominance over the past weeks, despite losing the trendline, it can be inferred that the wave structure of this index is likely not yet complete.
From the bottom, we believe there is a double combination pattern, with both combinations appearing to be diametrics.
It seems that the primary peak of Bitcoin dominance will be within this red zone.
The waves have been marked on the chart.
Overall, it appears that this index intends to hunt a specific area before dropping. Let’s see what happens.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GBPCAD - Potential Buy From Key Support ZoneThe GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher.
I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
NZDCAD - Potential Buy From Key Support ZoneThe NZDCAD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure hints at a potential reversal. The overall context suggests that buyers may take control at this level, leading to an upward move.
I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 0.81446 level. This setup aligns with the idea of trend exhaustion near support.
If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!