Support
Silver - Another Textbook Trade For 2025!Silver ( TVC:SILVER ) is again approaching strong support:
Click chart above to see the detailed analysis👆🏻
Silver has now been consolidating for more than 6 months and is slowly but steadily approaching the previous horizontal support. Another retest would perfectly match with the overall bullish trend, the rising channel formation, as well as the fact that Silver will soon catch up with Gold.
Levels to watch: $27.0, $34.0
Keep your long term vision,
Philip (BasicTrading)
MKR/USDT 4H Interval ChartHi everyone, let's look at the 4h MKR to USDT chart, in this situation we can see how the price has broken out of the uptrend line and the attempt to return above it has failed. Locally, a downtrend line is visible and the price remains below it. Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels:
T1 = 1708 USD
T2 = 1844 USD
T3 = 1955 USD
T4 = 2067 USD
T5 = 2225 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 1591 USD
SL2 = 1386 USD
SL3 = 1118 USD
On the RSI indicator, we can see how we have turned back after crossing the upper boundary and it can be seen that there is still room for the price to continue to fall.
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval.
As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29.
In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39.
The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
DXY ANALYSISWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in DXY's price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#DXY 4H Technical Analyze Expected Move.
ETHBTC Is Sitting At Strong Monthly SupportETHBTC cross pair has been trading bearish for the last two years or so due to Bitcoin dominance, but now that Bitcoin dominance is slowing down and ALTcoin dominance kicking in, seems like we are in the ALTseason and ETHBTC pair may see a recovery soon.
ETHBTC chart can be actually still trading in a correction within uptrend. It’s right now sitting at interesting and strong support area when looking at the monthly chart. We have strong monthly trendline and impulsive five waves up, followed by a three-wave A-B-C correction into an important 67,8% Fibo retracement, which is a bullish pattern from technical and Elliott wave perspective. We are actually already in the ALTseason and if ETHBTC pair is really about to bounce and starts recovering soon, then ALTseason may resume and Ethereum can be one of the strongest.
PRICE ACTION MODULEIn this analysis we are focusing on 30M time frame for GOLD. According to my BIAS and my strategy I'm looking a buy trade opportunity. Let's wait and watch which opportunity market will give us.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#XAUUSD M30 Technical Analyze Expected Move.
Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline:
Click chart above to see the detailed analysis👆🏻
As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%.
Levels to watch: $650, $1.000
Keep your long term vision,
Philip (BasicTrading)
GBPCAD MODULEWe are focusing on the 4-hour time frame chart to analyze the potential moves and changes in GBP/CAD price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#GBPCAD 4H Technical Analyze Expected Move.
VANRY/USDT: 50% PROFIT POTENTIAL SETUP!!🚀 Hey Traders! 👋
If this analysis hits the mark for you, don’t forget to smash that 👍 and hit Follow for premium trade setups that actually deliver results! 💹🔥
VANRY Looking Strong! 📈
VANRY is forming a symmetrical triangle on the 4-hour time frame and is holding the lower trendline like a champ. A solid bounce looks imminent from here. This could be your chance to catch a big move early! 🚀
📌 Trade Setup:
Entry Range: CMP and add more up to $0.138
Targets: $0.16 / $0.178 / $0.192 / $0.214 🎯
Stop Loss: $0.132 (Keep risk in check)
Leverage: Low leverage only (Max 5x)
💬 What’s Your Take?
Are you seeing the same breakout potential? Drop your thoughts, analysis, or predictions in the comments—let’s strategize and ride this wave together for massive profits! 🌊💰
👉 Stay tuned for more winning setups! 🚀💹
Solana's price remains in the support zone!Hello everyone, I invite you to review the SOL chart in pair with USDT on a one-day time frame. As we can see, the price of salt was moving in a downward trend channel, from which the price came up, and the increase itself, as is often the case in such a situation, is close to the height of the channel in which we were moving.
Next, we can see how the price increase to the upper limit of the resistance zone from $238 to $261 has been rejected, only breaking it can result in an increase to the strong resistance at $298.
However, here you can see how the price quickly returned to the lower range of the zone, from which the breakout resulted in a quick return to the support zone from $203 to $185. Currently, the upper limit of the zone is maintained by the cane, but if we see a rebound again and the zone is broken, the price may quickly return to around $165.
When we look at the MACD indicator, we will see that we are still in an upward trend, but the recent recovery has made a lot of room for possible further increases.
GOLD ANALYZEHere we are analyzing 2H time frame for gold. By using trendline and price action module. According to this analysis I'm looking sell trade when price come into our zone than we will take some confirmation like candles confirmation and price action and than after strong confirmation we will take sell trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#XAUUSD 2H Technical Analyze Expected Move.
LTC gets a strong reboundHello everyone, I invite you to review the LTC pair to USDT chart, looking at the one-day interval.
As we can see, the price moved dynamically from the downward trend line, but here we can also see a sharp return near the trend, as well as a drop to a very strong support zone from $107 to $96, if the zone does not maintain the price, we will be able to observe an equally rapid decline to support at $83.
Here it is worth looking at the place where the price made a quick change in direction, as you can see, we bounced off the strong resistance zone from $142 to $152, only the exit from this zone can give positive energy for an upward movement towards the second resistance zone from $200 up to $214.
It is worth looking at the RSI indicator, which shows how the downward movement resulted in a rebound close to the support line, which leaves room for a new future price increase.
ETH $3500 or moon soon?Well she tried to break out yesterday but was rejected, and ultimately pulled back to support. that support is short-medium length running, as it has provided support here 4 times in the past month and now we are hoping for a 5th time.
But even if it breaks down here, we would be likely to see it go back down to the bottom of this ascending channel, at around $3500 depending on when we arrive there, its also the 200 (4hr candle) moving average. There is a strong likelihood that if we test this area we will hold support with double support, however in the unlikely event that support also broke down, we could be looking at heading back down to red line, which also is not unhealthy, when an asset breaks out, to come back and test its prior resistance as support, ETH never did do that.
Here is the 1 day candle charts, just to show ETH was in a year decline when it broke out into this structure we are examining closer in this write up.
Notice in the chart in this write up, the red line at the bottom, it is the dominate descending red line in that one day candle chart above.
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Something else though both ETH and BTC their order books sentiment is not so strong right now. I use CMF and i like to look at orderbooks from 10% depth of market to 100% depth of market and I watch the trendline of the asks, because, the more asks at 10-100% depth of market, thats positive sentiment, thats a lot of traders that have set limit orders expecting the price to go up. Where as when we see a rise in bids in the 10%-100% depth of market range, it means more traders are setting up to buy an anticipated coming dip, so they expect the price to drop. For ETH over the last month as the price has jumped, the asks above 10% have continued to decline and now recently the bids above 10% have started to run up. But also everything goes in waves, it would make sense that soon we could start another wave up and then its just a question of if it will be a bigger or smaller wave, indicating a growing or shrinking overarching "Greed".
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So the alternative to it breaking down here, which the recent market makes it seem more likely, is that we go back and try to break that resistance again and this time, succeed and make a nice strong run on ETH, but we have to be prepared for either.
My gut says based on the recent strength of the market, we will start to see order books push a new cycle of increased trader confidence and see a break out here instead of a break down but the data above suggests a very real potential for a a pullback here. Overall, this still appears really early in ETH's break out from its year decline, I think we can expect much higher highs in the future with the only question being, how far in the future.
As always be vigilant and adaptive, and DYOR!
XRP $3.00 Still Active - Consolidation looks BullishSince my last BINANCE:XRPUSDT Trading Idea the altcoin consolidated more sideways and breached the trend line. Nevertheless, as long as the support zone at around $2.18 is holding, the setup remains intact. Bitcoin still hovers below $100K and tries to break out to the upper side. This will be the catalyst for this trade. Same goes for most of the other altcoins out there.
Target Zone
$3.00
Support Zone
$2.18
COTI/USDT 1D chart reviewHello everyone, let's look at the 1D COTI to USDT chart, in this situation we can see how the price broke out of the first and then the second downtrend line, which gave dynamic upward movements.
Let's start by setting goals for the near future, which include:
T1 = $0.196
T2 = $0.233
T3 = $0.279
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.163
SL2 = $0.143
SL3 = $0.111 AND
SL4 = $0.089
BAND dip entry swing trade opportunity?I know it doesnt seem like much of a dip but in the ascending channel it has assumed, it is a dip to bottom of channel. I have been posting a bunch of momentum trade targets where a resisting trendline is broken and assets break out once they finally break through, but a lot of those can leave you wondering where to exit, best if you can handle it with a trailing stop loss if you have it available to you.
Buying the dip tends to be safer and you have a clear definition of when to accept loss and bail and where about's to exit. I prefer ascending trendlines, I dont like to swing trade a descending trendline though in some market conditions thats all we have, but right now this is a bull market so there are plenty of options.
So here with BAND you see 3 components to my entry
#1 A strong identifiable ascending trendline
#2 We are testing support
#3 We break out of the short term descending resistance that pushed us down to test support, indicating we are switching directions from descent to ascent.
Then where to exit, the easiest way to see where resistance is, copy your Tradingview line and paste it, then move it up, you will find top of channel by moving the line (without changing angle, just moving up or down) to the top of the tallest candle above the trendline. You can also usually find a mid-channel line which will present resistance and support along the way.
This chart infers if we enter here, we might can exit at around $2.70, depending on when we get to top of channel. Of course this hasnt triggered yet, it could break that longer supporting trendline and then it would be bearish and not ideal to trade.
I have numerous assets I am watching that are in this state now, i am currently using 3 commas to monitor the trendline I have #3 pointing to on this (and similar on other assets), if it breaks through, I will pick up the position automatically. I can use an exit signal also via the top trendline though atm I am trying with a loose trailing stop loss.
Orderbooks dont look exciting on BAND atm and volume isnt exciting either, but I think its hard to use those when trying to "buy a bottom", you are trying to buy it in its worst condition as of recently.
Anyway another opp to bring to your attention, another tool you might can use in your toolbelt and of course as usually, DYOR, this write up should not be something you use as the deciding factor to trade an asset. Also as always, sentiment can change any time a trendline is broken so watch the lines and be ready to adapt.