double top#btc is pennies away from printing a {double-top} priced in gold.
Bull will want to see a daily close above blue.
Still a long way to go to breakout past ATH, which was printed in Nov 2021.
#bitcoin #gold #ethereum
Support and Resistance
PDD eyes on $110.45: Golden Genesis fib to start the next move PDD and all Chinese stocks has been whipsawed.
Now approaching well proven Golden Genesis fib.
Even the Fib-Blind are keenly aware of this level.
$110.45 is the Golden Genesis to hold.
$101.98 then 96.75 are support fibs below.
$124.15 above will the first target/resistance.
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USDCAD SELLSPrice already in a distribution ready for the drop. I see that zone as LPSY (Last point of supply)
EUR/USD Outlook: Bearish Momentum Below Key PivotEUR/USD Analysis
The EUR/USD price is currently consolidating below the pivot line at 1.0680, showing bearish momentum. If this bearish trend continues, the next movement is likely to test support levels below.
Scenarios:
Bearish Scenario: If the price continues to trade below the pivot line (1.0680) and breaks below the immediate support at 1.0616, it may reach down to the next support at 1.0544. A close below 1.0616 would strengthen this bearish outlook.
Bullish Scenario: For a bullish reversal, the price needs to reclaim and stabilize above the resistance line at 1.0739. This move would suggest a shift towards higher targets, potentially testing 1.0861.
Key Levels:
Pivot Line: 1.0680
Resistance Levels: 1.0739, 1.0780, 1.0861
Support Levels: 1.0616, 1.0544, 1.0470
Trend Outlook: The bearish scenario is currently more accurate as long as the price remains below the pivot line and support levels are tested.
previous idea:
BTCUSD Aiming HigherHI there,
The price of BTC is unclear; a bearish candle appeared on the daily time frame, but it is still a bear-bullish candle.
I decided to use an app to analyse the trend's lows and highs with a stochastic indicator. The results indicate a possible upward movement nearing the highs of 93028, with a potential retracement down to between 83756 and 90959.
So, is it possible to have AI assist you with a trade setup? Maybe not.
Happy Trading,
K.
Not a trading advise.
Nifty & Bank Nifty Analysis & Trade Plan for 13th NovemberNifty & Bank Nifty Analysis & Trade Plan for 13th November
TATAPOWER Trading within tested Demand Zone of ₹419.15 to ₹411.3TATAPOWER's current price is ₹417.7, positioning it within a demand zone between ₹419.15 and ₹411.3. This zone is tested, and may act as a support level. Investors should keep an eye on the stock's performance in this range, looking for signs of a potential price bounce or consolidation, which could indicate a favorable buying opportunity.
XAGUSD is expected to continue to declineOn the daily chart, XAGUSD fluctuated downward, and the price was running below the downward trend line. At present, attention can be paid to the resistance near 30.8. If the rebound is blocked, short selling can be considered. The support below is around 29.7. If it falls below, it will continue to fall.
ETHUSD Eyes Bullish ContinuationHello,
BITSTAMP:ETHUSD has surged from the previously identified support zone in the last analysis. It’s great to see ETH showing improvement! If the 1D pivot point holds steady here, a bullish continuation could be in motion!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBPAUD, Bearish Channel with Support Broken, New Lows ExpectedTrade Plan 1
Bearish Channel
Channel Top Retest
Weekly support broken
Trading towards channel Bottom
Short Sell at CMP
SL @ 1.9654
Target at channel bottom
Trade Plan 2
Bullish Flag
Bullish Continuation expected on flag breakout
wait for strong breakout
Buy long position
Buy @ breakout
Target 2.0000
1st wave upwards?Analyzing the NYMEX:CL1! (Crude Oil Futures) chart, the current level may serve as a potential reversal point due to several factors:
Higher High Formation: On November 7th, the price established a higher high. If the current candle forms a higher low, it could signal the continuation of an upward trend.
Bullish SMA Crossover: A few days ago, the 30-day Simple Moving Average (SMA) crossed above the 50-day SMA, indicating a bullish momentum shift.
Seasonality and Macroeconomic Factors: Historically, crude oil exhibits bullish seasonality starting in the second half of December. Additionally, global instability and the Federal Reserve's recent interest rate cuts may contribute to higher commodity prices.
These elements suggest a favorable outlook for crude oil prices in the near term.
SPX500 Bullish Momentum Post-ElectionHello,
VANTAGE:SP500 has responded positively to the election results, and further bullish movement is anticipated, though minor fluctuations may occur. The 1W pivot point could potentially be tested. A cross and sustained move above the 1D pivot point would signal an immediate continuation of the bullish momentum.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
LTCUSD: Short-Term Fluctuations, Long-Term Bullish OutlookHello,
COINBASE:LTCUSD may experience some short-term fluctuations, but the long-term bullish trend is likely to persist. The 1-year pivot point has served as resistance so far, and if it transitions to support in the future, further upside can be anticipated.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
RIVN LongDaily support line.
Trendline break
Entry 10.87
Stop 9
Target 18
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
DeGRAM | DXY growth in the channelDXY is moving in a descending channel between trend lines.
Having reached the lower boundary of the channel, the chart has formed a reversal harmonic pattern.
The price has reached the 62% retracement level.
We expect the growth to continue after retesting and consolidating above the current resistance.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
BTC Camarilla pivot points on the weeklyIt is no secret btc is in a hyper blue sky breakout right now. It could very well break the H4 breakout level and continue to rally to higher points. I am presenting this along with the possibility for a pullback to weekly L3 and purple central pivot point which would be an ideal area for new higher low and support should bitcoin pullback. Trade safe as these are and this price action is volatile
SOLUSDT: Bullish T.A and Price MovementHi there,
The price is moving above the 50 level on the RSI but below the RSI moving average, suggesting bullish pressure within a bearish range. The price has the potential to rise to 222.680 and 219.320 if it successfully moves above the RSI moving average.
However, since it remains within a bearish range, a potential drop could occur toward the 203.00 support area.
Happy Trading,
K.
UPTOBER FOR DOT - WE GO UPDOT hit the buyer’s zone (1W support). Funny enough, October 20 and October 23 were also bounce zones, and here we are in October 2024. Will it bounce again?
Either way, looks like a good spot to buy in.
Boost this if you agree and want me to share more.
NIFTYNIFTY levels are based on imbalances
1. gapup 24300 long
2. 24300-24100 trade breakout
3. gapdown 24100 short
HSBC eyes on $44.xx: Major Support that could launch next legHSBC dropped into a major support.
Enter here for a scalp or long term.
Nearby resistance for scalp target.
$ 44.76 - 44.91 is the exact support zone.
$ 47.91 - 48.15 is first resistance and TP.
$ 49.86 - 50.16 will be serious, bigger TP.
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Starknet — Bullish BreakoutAnother great opportunity.
Trendline breakout and since Bitcoin has finished its correction, reversal is likely to follow here.
Target: $10 (2000%).
Boba Network (BOBA) — Get Ready for Explosive Wave 3 (Easy 28X)I'm not going to make many posts about altcoins and I'm only posting some of those that I'm holding personally and have the best structure in my opinion.
This is another great opportunity similar to my previous posts.
During a wave 2 correction price action did a retracement to the 0.786 level and is now moving sideways inside a support zone.
RSI is stable and moving sideways on support as well.
Nicely looking structure on the BOBA/BTC chart, sleeping on support:
Look at these wild green weekly candles in the first wave: +70%, +45%, +98%.
And +5000% in one week in 2021.
Judging from the size of wave 1, wave 3 can easily reach previous all time high and even exceed it.
Conservative target: $6.00 (2700%).
BANKNIFTYBANKNIFTY levels are based on imbalances
1. gapup 52300 long
2. 52300-51900 trade reversal
3. gapdown 51900 short
