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Technical Analysis

DASH - USDT UPDATE on 4th January 2025... Where's it off to?Technical analysis hints a downturn... but I've got this "hunch" in my "stomach" that it could actually go up... Do you see my dilemma? Tread carefully and don’t rush... Sometimes, it’s smarter to look for other chances instead of jumping into a "half-baked" trade... Take it easy... You've got the whole year to play the trading game! ;) PS: here’s a printer-friendly "KISS" chart... and just so you know... leverage *10 on Binance is the way to go... ;)
by G-money2022
XRP/USDT Bullish Pennat Breakout LoadingXRP/USDT, Bullish Pennant Formation in Progress The chart displays a Bullish Pennant, signaling potential upward momentum. However, the price is currently rejecting near the upper trendline, indicating that the breakout may take some time. Key Insights 1. The pennant structure remains intact, but consolidation might continue before a decisive breakout. 2. Watch for a confirmed breakout above the upper trendline before considering a long trade. 3. Once the breakout occurs, the target range is $2.8 to $3.0. Patience is crucial as the price may test the trendline support or consolidate further before breaking out.
Long
by wolfchemist
10
TradeCityPro | ETCUSDT Still Ranging in the Box!👋 Welcome to TradeCityPro Channel! Let’s analyze Ethereum Classic during the market's holiday period, where we saw some movement. We’ll review the triggers together. 🌐 Overview Bitcoin Before diving into today’s altcoin analysis, as usual, let’s check Bitcoin in the 1-hour timeframe. Bitcoin is still under a descending trendline. Once this is broken, it can move toward 98599, and after that, to 99443. It’s better to open or maintain positions after breaking 99443, as volatility is expected to increase at higher levels. Whether I open a long position after breaking the trendline or resistance at 98599 depends on Bitcoin dominance. If Bitcoin dominance shows a red candle at the time of the breakout, I’ll focus on altcoins or BTC pairs. If it’s green, I’ll prefer Bitcoin itself. This could lead to another wave movement. 📊 Weekly Timeframe It feels like we’re analyzing forex charts—completely ranging! This is normal given Ethereum Classic’s mining-related dynamics and the heavy movements associated with it. For around 1100 days, this coin has been ranging within a large 130% box. Without a proper trigger, investing in this range might have tied up your capital, especially when other projects provided much higher returns over the same period. This highlights the risk of entering the market without a trigger. If you’re holding ETC and want to set a stop-loss, you can exit if a weekly candle closes below 14.68. For re-entry, the box top trigger at 36.58 is an excellent option. Since ETC is rebounding from the box’s midline, the likelihood of breaking the top is higher. The 24.78 support level can serve as a suitable stop-loss for box breakout attempts. 📈 Daily Timeframe ETC has been performing well since breaking the daily box top at 20.92. It moved from the box’s bottom to its top, emphasizing the 38.24 resistance even further. The $25 level currently serves as the most crucial support, coinciding with the weekly box’s midline. Staying above $25 indicates a higher low and a rebound from the channel’s midline, reflecting stronger buyer activity. This could lead to testing 38.24 again and possibly breaking it. If you bought after the 20.92 breakout, your stop-loss should be below 17.55, with some profits already secured. If you haven’t acted yet and if resistance at 28.49—better yet, 30.20—causes a rejection and forms a lower high, consider exiting below $25 and look for new triggers later. For re-entry, breaking 28.49 is a potential entry point, but your main entry should be after breaking 38.24, with momentum and increased volume supporting it. ⏱ 4-Hour Timeframe ETC belongs to the group of coins that didn’t break their 4-hour resistance and box top yesterday, possibly setting up futures positions next week. 📈 Long Position Trigger The rejection from 28.49 clearly defines the trigger. Open a long position after breaking this resistance or after the RSI breaks 72.58. 📉 Short Position Trigger The main trigger at 24.92 is quite distant. However, if the 28.49 resistance turns out to be a fake breakout, you can use the fake breakout strategy. Look for the first trigger in lower timeframes to open a short position. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
9
IOTA ANALYSIS🌸#IOTA Analysis : Bullish Trend 🚀🚀 🚀As we can see that there is a formation of Flag & Pole Pattern in #IOTA in 8 hr time frame. Right now #IOTA is trading above it's crucial support zone and we can see a bounce back from its support zone 💪 🔖 Current Price: $0.3569 ⏳ Target Price:   $0.4330 ⁉️ What to do? - We can trade according to the #IOTA chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #IOTA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Long
by ZEUS_Market_Alerts
EURUSD Next Week PredictionThe forex pair EUR/USD (Euro vs U.S. Dollar) is currently trading at 1.03070 and is expected to move upwards with a target price of 1.09500, offering a potential gain of over 400 pips. The analysis is based on the falling wedge pattern, a bullish reversal pattern that typically signals an upcoming upward breakout. Before reaching the target, the price is expected to complete a retest, likely near the breakout level of the wedge. This retest confirms the validity of the breakout and strengthens the upward momentum. Traders should watch for confirmation signals during the retest, such as bullish candlestick formations or increased buying pressure. If the retest holds, it increases the probability of the pair achieving the target. Risk management is crucial to protect against potential false breakouts. This setup aligns with technical analysis principles, emphasizing the importance of patience and disciplined trading. A successful trade could yield significant returns in alignment with the bullish projection.
Long
by AndrewsMarket-Mastery
XAUUSD Detailed Analysis For the Next WeekXAUUSD refers to the exchange rate between gold (XAU) and the US dollar (USD), representing the price of one ounce of gold in terms of USD. The current price of XAUUSD is 2640, indicating the value of gold against the US dollar at this moment. The target price is set at 3000, meaning the price is expected to rise to this level in the near future. The gain in pips is 500+, suggesting a potential move of 500 pips or more from the current price to the target price. The pattern identified is a Bullish Pennant, a technical chart formation indicating a continuation of an upward trend. A breakout is expected before reaching the target price, which implies that the price needs to break through the upper resistance line of the pennant for the upward movement to continue. This pattern typically signals a consolidation period followed by a sharp move in the direction of the prevailing trend. Traders will watch for confirmation of the breakout before taking action. This analysis suggests a bullish outlook for XAUUSD, with strong potential for further upward movement.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
SPX6900: A Bull Run StoryThings have gotten wild with SPX6900! Since we last checked in, the price has absolutely exploded. It's been a thrilling ride, and our WiseOwl strategy has been paying off handsomely. We've already locked in a cool 70% gain, thanks to the initial buy signal and a well-placed trailing stop to protect our profits. The story behind SPX6900 is pretty compelling, and it seems to be resonating with the community. If you're in it for the long haul, this could be a really interesting project to hold onto. The community is buzzing, with over 60k followers on X and some big names in crypto lending their support. Of course, we can't get carried away. The crypto world is a rollercoaster, and things can change in a heartbeat. But for now, the momentum is strong, and SPX6900 is definitely one to watch. If this keeps up, we could be looking at some serious gains in the coming year. But remember: This is crypto we're talking about. Do your own research, understand the risks, and never invest more than you can afford to lose. Let me know what you think!
RAYDIUM:SPXSOL_9T1H1U.USDLong
by TraderOuss_LumaNex
Johnson & Johnson (JNJ): 2024 Challenges, 2025 OpportunitiesJohnson & Johnson could become one of the standout plays for 2025 if key levels are respected. A Brief Recap of NYSE:JNJ in 2024 Johnson & Johnson experienced a challenging year. The company finalized the spin-off of its Consumer Health division, sharpening its focus on Pharmaceuticals and MedTech. In April, J&J completed the acquisition of Shockwave Medical for $12.5 billion, strengthening its cardiovascular MedTech portfolio. Financially, the company performed well, surpassing Q3 expectations with $22.5 billion in revenue (+5.2% YoY) and an EPS of $2.42. Despite the positives, the stock faced significant headwinds, peaking at $170 in August before dropping to $140 by December—a 15% decline over the quarter. While we briefly considered a potential outperformance in 2024, we refrained from entering a long position, which proved to be the right decision. Looking ahead, 2025 may offer renewed opportunities. For NYSE:JNJ to regain bullish momentum, it must respect the lower edge of the long-standing trend channel established in October 2021. Ideally, we would like to see a fake-out below this channel to trigger a bearish shakeout, followed by a reversal that targets higher levels. For the longer term, our outlook includes the potential to test the $116–$100 range. However, if our 2025 thesis aligns with technical developments, we will consider adding exposure to $JNJ.
NYSE:JNJLong
by freeguy_by_wmc
2
NAS100 Bull BiasCurrent Market Structure: 1. Trend Analysis: • The price is still within a well-defined ascending channel. • The recent price action shows a pullback toward the channel’s midline after hitting resistance near the upper channel boundary. 2. Key Levels: • Resistance: • 21,400–21,500: Price is near this key zone, which aligns with previous swing highs. A break above this could confirm further bullish momentum. • 21,800: The next significant resistance, where a potential rejection could occur. • Support: • 21,200–21,300: Immediate support zone near the current price. A break below may lead to a retest of the channel’s lower boundary. • 20,766 (blue line): Major support that aligns with previous lows and the base of the channel. Possible Scenarios: 1. Bullish Case: • If price holds above 21,300 and breaks through the 21,500 resistance zone, there’s a strong likelihood of a move toward the next resistance at 21,800 or even the upper boundary of the channel at 22,200. • Buy confirmation: Look for bullish momentum candles or a retest of 21,400–21,500 as new support. 2. Bearish Case: • If the price fails to break 21,500 and falls below 21,300, we may see further downside toward 20,766 (blue line). • A break below 20,766 would invalidate the bullish structure and potentially lead to a deeper pullback toward 20,400–20,321. Indicators to Watch: • Trendline Interaction: The price is near the channel midline. A bounce or rejection here will determine the direction. • Volume: A breakout above resistance zones requires strong volume for confirmation. • Momentum Indicators (e.g., MACD/RSI): Watch for divergences or crossovers that might indicate a shift in momentum. Trading Plan: 1. Long Setup: • Entry: Above 21,500, after a breakout and retest. • Target: 21,800, then 22,200. • Stop Loss: Below 21,300 (midline). 2. Short Setup: • Entry: Below 21,300, after rejection. • Target: 20,766, then 20,400. • Stop Loss: Above 21,500. Conclusion: The market remains in an ascending channel, favoring bullish bias unless 20,766 is broken. Monitor price action at 21,300–21,500 for confirmation of direction.
VANTAGE:NAS100Long
by AutoMarkets
EUR/USD --> The Bears Are Applying Strong PressureFX:EURUSD in a strong downtrend, the market has just set a new local low with no signs of stopping. What lies ahead? The Euro is under significant pressure against the strength of the US dollar, which has been bolstered by the aggressive economic policies from the Trump era. The rising greenback has not only diminished the Euro's appeal but has also added further turbulence to the forex market. Under current conditions, the 1.1000 level has emerged as a critical point, drawing significant attention from major institutional players in the market. Resistance levels: 1.033, 1.0448 Support levels: 1.000 From both a technical and fundamental perspective, the outlook remains weak. As such, emphasis should be placed on strong resistance levels where the downtrend is likely to resume.
Short
by Bentradegold