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Is the mexican index in danger?Even with great companies conforming this index, it's impossible to ignore the effect that Claudia Sheinbaum's victory had over the markets. It's shocking to see the pessimism of the markets after her victory. Unfortunately, this has now created an infliction point in the BMV:ME index. With no recent clear support, it could be possible for price to drop quite a bit more, opening great buying opportunities. However, if price does not begin to reverse this trend soon, it's possible that we will test lower lows.
BMV:MEEducation
by DarkMessiah777
BTC undergoing correctionHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As we can see, the price rebounded from the upper border of the downward trend channel, and what is more, we can see how the local downward trend line was broken inside the channel. Let's start by determining the support line and here there is a strong support at the level of $65,372, at which the price currently holds, then there is support at the level of $61,397, the third support at the price of $58,444, and further support at the lower border of the downward trend channel at the level of $54,792 . Looking the other way again using the trend based fib extension tool, we can determine resistance. However, here it is worth starting by marking a strong resistance zone which the price cannot overcome from $70,105 to $73,515, then there is resistance at $76,267 and then at around $80,000. Looking at the RSI indicator, we can see how we have approached the place where we could previously observe a change in direction, while on the STOCH indicator we are moving towards the lower border, which may also indicate an upcoming change in direction.
by cryptodailyuk
Silver Slowed Down Within A Corrective StructureSilver is bullish on a daily chart and structure up from 21.90 is not in five waves yet, thus bulls can stay in play for $34/35 targets, where we see some strong resistance levels, so be aware of a limited upside up there. But because drop is still overlapping on 4h time frame, which we see it as a three-wave A-B-C correction with a potential wedge pattern in wave C, new buyers can still show up, ideally here around 29-28 support area.
SAXO:XAGUSDLong
by ew-forecast
EURCAD POTENTIAL SUPPORT BREAK?????Pair: EURCAD Timeframe: 30M Analysis: Trend line, volume profile , support and resistance, trend break, consolidation, ascending triangle pattern ————— Key Takeaway: Been a alot of consolidation between 1.47450-1.47200 and we could finally see a break. Need to look for a close below dynamic support and our trend line and then a retest of these levels before entering short. ————— Level needed: need a close bellow 1.47200 ————— Trade: SHORT RISK:REWARD 1:4 SL: 1.47340 TP: 1.46950-1.46640 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
4
PEPE/USDT LOOKS READY FOR A BIG MOVE!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. PEPE looks good here. It gives many bullish signs here like: 1) It is bouncing from the support which is previously acted as a resistance. 2) Also, forming a bull flag-like structure and currently trading inside the flag. 3) If you look at the previous day's candle then it formed a nice bullish hammer candlestick which gives a bullish signal. Overall it looks bullish. I'm expecting a minimum of 2x-3x from here. Accumulate some here and add more in the dip. Entry range:- $0.0106-$0.0116 Target:- 200-300% Invalidation:- Daily close below $0.01 Let's Discuss! What are your thoughts on PEPE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
SOL ( Solana ) - Time to Invest NowBINANCE:SOLUSDT (1W CHART) Technical Analysis Update SOL is currently trading at $133 and recently had around 35% crash and currently trading around the support zone, if the price correction continues then we can expect the price to reach 110$ and in the worst case it can fall to 78$ range. We will keep our StopLoss below 78$ Entry level: $ 132 Stop Loss Level: $70 TakeProfit 1: $ 154.85 TakeProfit 2: $ 200.26 TakeProfit 3: $ 268.70 TakeProfit 4: $ 393.75 TakeProfit 5: $ 603.01 TakeProfit 6: $ 800.77 TakeProfit 7: $1000 <-- Peak of the bull run Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
GBPUSD Sideways Consolidation with Potential Upside BreakoutTimeframe : Weekly and 4-Hourly Charts Predicted Move : Potential Upside Breakout Analysis : On the weekly chart, GBPUSD is currently in a sideways consolidation phase. Although the pair is near the top of this range, there seems to be a tendency for the market to break towards the upside. This observation is based on my 18 years of trading experience and intuition. Key Points : - Sideways Consolidation : GBPUSD is trading within a defined range on the weekly chart. - Near Top of Range : Price is approaching the upper boundary of the consolidation. - Potential Upside Breakout : Market tendencies suggest a possible break to the upside. - Trading Experience : This analysis is supported by my 18 years of trading experience and gut feeling. Strategy: - Retest and Buying Opportunity : If you share my perspective, I'm looking for a retest within the buy zone on the 4-hourly chart at 1.2666 for a buying opportunity. - Understanding the Buy Zone : It may seem like the buy zone has been broken, but with professional chart reading, it's evident it hasn't. Note: This analysis is based on my personal trading experience and should not be followed blindly. Always conduct your own research and analysis before making any trading decisions. Stay cautious and trade wisely!
Long
by RaynLim
EURUSD Sideways Consolidation with Key Levels for TradingTimeframe : Weekly and 1-Hourly Charts Predicted Move: Sideways Consolidation with Specific Levels for Trading Opportunities Analysis : On the weekly chart, EURUSD is in a sideways consolidation phase and is currently at the bottom of this range. For precise entry points, I'll be closely monitoring the 1-hourly chart. Key Points: - Sideways Consolidation : EURUSD is consolidating within a defined range on the weekly chart. - Bottom of Range : Price is at the lower boundary of the consolidation, suggesting potential buying opportunities. Key Levels on 1-Hourly Chart: - Shorting Opportunity : 1.0739 is my preferred level for considering short positions. - Buying Opportunity : 1.0668 is my preferred level for considering long positions. Strategy: - Monitor Key Levels : Watch the price action around 1.0739 for shorting and 1.0668 for buying opportunities. - Confirmation : Look for confirmation signals on the 1-hourly chart before entering trades. Discussion: Potential for Parity: The question of whether EURUSD might hit parity again is intriguing. While the current consolidation phase doesn't indicate an immediate move to parity, significant macroeconomic events or shifts in market sentiment could drive the pair towards parity. It’s essential to stay updated on fundamental factors and market news that could impact EURUSD. Note: This analysis is based on my trading experience. Always conduct your own research and analysis before making any trading decisions. What’s your take on EURUSD? Do you see the potential for it to hit parity again? Share your thoughts!
Short
by RaynLim
AAVE - Support is holding strong, where is next ?BINANCE:AAVEUSDT (1D CHART) Technical Analysis Update AAVE is currently trading at $86.5 and the price has reached the support zone, this support was held strong multiple times and price bounce back from it multiple times. Im expecting the price to bounce back from this support zone again and we have nice trade opportunity. Entry level: $ 86.57 Stop Loss Level: $ 73.27 TakeProfit 1: $ 93.44 TakeProfit 2: $ 99.16 TakeProfit 3: $ 109.96 TakeProfit 4: $ 125.15 TakeProfit 5: $ 142.44 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
INJ - Will the support the hold ?INJ/USDT is currently trading at 22.27 and the price has reached its support zone of previous ATH after recent downtrend. This is a major support zone for INJ and if this support zone breaks then the next support will around 14 which is significant correction from the current price. I'm expect the price to reverse back from the current support zone. Assuming the price will reverse back from the current support zone , we have good opportunity to enter a LONG trade here. Entry level: $ 22.23 Stop Loss Level: $ 16 TakeProfit 1: $ 25 TakeProfit 2: $ 30 TakeProfit 3: $ 39 TakeProfit 4: $ 53 TakeProfit 5: $ 71 Max Leverage: 2x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Follow up on the ES1! overextensionAnyone who has read my recent post will have noticed that we are tracking the increasingly over-expansive market in the CME_MINI:ES1! . If the trend is indeed our friend, then prices should remain moving upwards. Which is what I expect will happen. But in order to go into a strong uptrend, first some levels of support must be tested, or else we risk overexpanding even more. At which point, buying would become extremely dangerous. To avoid this risk, it's better to buy at discounted prices and hoping the price does indeed go ballistic. This is much preferable to buy while price is increasing, as many novice traders do due to FOMO. With a new local maximum in place, we can safely say that a solid support has been created, yet it hasn't been tested. This in combination with the short term MA and the 2nd STD could provide additional support to the area. Making it a safe bet it won't go through. However, if this were to occur, then this would be a sign of a debilitating stock market and could potentially cause a crash. As there is a very large gap between our current supports and the previous ones. Which could lead markets to panic. I don't believe it's time yet, I think we are still missing a strong and not so long-lived final wave before we lose momentum and then crash.
CME_MINI:ES1!Long
by DarkMessiah777
Will we see a price break attempt again on ETH?Hello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. As we can see, the price has risen from the first channel of the downward trend, then we can see a break from the local upward trend line and now we can see the second channel of the downward trend, Currently, the price has bounced off the support at $3,495, but remaining in the descending channel, we may see the price drop to the support at $3,179. Going further, we have a very strong support zone from $2,954 to $2,678. Looking the other way, you can see how the price remains in front of a strong resistance zone from $3,645 to $3,814, then there is resistance at $4,098, and then we have a very strong resistance at $4,560. Looking at the RSI indicator, you can see that we are entering the upper part of the range despite a slight price movement on the chart, while the STOCH indicator shows that we are exceeding the upper limit, which may still result in another attempt at price recovery.
by cryptodailyuk
#ETH: eyeing a potential breakout on the 4-hour timeframe!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase. Here's what we're watching: Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal. Upside potential: If the breakout is confirmed, we could see a significant price increase. Invalidation:- 4hr candle close below $3400 level. Let me know your thoughts in the comments below!
Long
by CoreCrypto1