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Technical Analysis

Bitcoin: Approaching 100,000...Focus on 96,500Hello all dear friends! Bitcoin is approaching a critical point as it nears the psychological resistance level at $100,000 within its ascending channel. The 4-hour chart clearly shows that BTC is gaining strength, supported by the EMA 34 and EMA 89, signaling a steady uptrend. However, the question remains: Will Bitcoin surpass this key level, or are we about to witness a pullback? Theoretically, this is still unclear… Personally, I recommend traders limit their trades as the price approaches this level and open positions only when there is a clear confirmation. From a technical perspective, we can clearly see that the price is climbing smoothly in a sustainable uptrend toward $100,000. However, after the previous rally, it seems the price has missed significant liquidity zones… For this reason, I do not rule out the possibility that the price may approach the resistance level with the intention of establishing a new high before any reversal reaction occurs. That said, I would prioritize trades if the price breaks below the $96,500 support level, targeting take-profit levels sequentially at $93,300, $88,800, and $85,000.
Short
by JerrytradingCR
BTCUSDT: Bullish momentum continues to buildBINANCE:BTCUSDT continues to hold its ground, trading with an uptrend as buyers look to push the price above a key resistance level. Currently, BTC is consolidating near $91,824, showing signs of accumulation within an ascending triangle pattern. This pattern is often considered a bullish signal, indicating a strong breakout. The current market sentiment remains bullish, supported by institutional interest and macroeconomic factors, such as a weaker dollar and growing demand for cryptocurrencies as a hedge. The chart shows that Bitcoin could gain momentum, especially if buyers manage to break above the key resistance level of $93,300. Traders should keep a close eye on the $93,300 resistance level. A confirmed breakout with high volume could provide an entry point for long positions, while traders remain conservative. However, with the price reacting to strong resistance, I do not rule out the possibility that the price could wait for a pullback to the $90,000-91,000 zone, form a trend line and rise.
Long
by JerrytradingCR
DogeCoin To New ATHIn this analysis, we will discuss Dogecoin on the weekly chart and how it is nearing the formation of a new high. On the daily chart, this move may not be as clear, but when we zoom out, it becomes evident that liquidity has been swept from the previous high. Now, the chart is undergoing a retest, shaking out as many traders as possible before making a strong move to break its high. Follow this analysis closely to stay ahead of Dogecoin’s potential breakout! Don’t miss updates on key levels and critical moves—make sure to check out my TradingView ideas for more insights.
Long
by hakimbo989
Gold: Shocking drop of nearly 100 USD/ounceThe world gold price today is listed on Kitco at $2,625/ounce, down $90/ounce compared to early this morning. Gold prices fell sharply as investors took profits after a five-session rally to a three-week high last week. Gold was also negatively affected after Donald Trump chose billionaire investor Scott Bessent as the US Treasury Secretary in the new administration. According to analysts, Scott Bessent will not be tough in the trade confrontation with China, causing political risks to cool down, which will be detrimental to gold prices.
OANDA:XAUUSDShort
by TomtradeFX
Bitcoin faces downward pressure, can it bounce back?In the recent trading session, Bitcoin (BTC/USDT) is showing signs of strong selling pressure as the price fluctuates around $94,300. The technical chart on the 1-hour chart shows that the price is currently testing important support and resistance zones. Bullish scenario: If Bitcoin can break above the trigger zone at $95,200, it will signal a recovery, with a target towards the resistance zone from $98,500. This will require support from positive market sentiment and money flowing back into the crypto market. Bearish scenario: On the contrary, if Bitcoin breaks the strong support zone at $92,557, the downtrend may continue with a target of a deeper drop to the $88,700 zone. This will be an important price level to assess the selling momentum in the market.
by JerrytradingCR
ETHUSDT: Just One Step Away To $3800...Currently, I see the ETH/USDT pair showing clear bullish signals with the formation of the Cup and Handle pattern. The reason for this uptrend is after the price was rejected around the $3,280 support area and quickly rebounded approximately 0.5% on the day. This pattern – being one of the classic formations in technical analysis – often indicates a strong growth phase when the price breaks through a critical resistance zone. For me, the $3,400 resistance zone is the key point (trigger) to activate the bullish trend. If the price can break and close above this zone, I believe ETH will quickly enter a strong breakout phase. The target I am expecting after the trigger is activated is the $3,800 level – this is the price level that completes the Cup and Handle pattern, promising significant profits in the next bullish trend.
Long
by JerrytradingCR
GOLD--> Local trend changing? Will it rise to new ATH?OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing... Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed. The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets. This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week. Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically: Support levels: 2685, 2675, 2650 Resistance levels: 2711, 2733, 2750 Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750.
OANDA:XAUUSDLong
by Bentradegold
1
[BTC/USD: Long-Term Outlook]Current Situation: Bitcoin's current price is approximately 94,862 USD, with a 3.21% drop. On the weekly time frame, there is a strong upward trend where the price has climbed from lower levels to a new high above 90,000 USD. The last correction stalled in the 65,000–70,000 USD zone (highlighted in red on the chart), confirming this as a strong support area. Key Technical Confirmations: Support Zone (Buy Zone): The price rallied from the 65,000–70,000 USD area. This zone is significant as it was a prior accumulation area that led to the breakout to higher levels. Liquidity within the support zone ("$$$") has already been filled, signaling strong buyer interest. Bullish Structure (Higher Highs & Higher Lows): The chart shows a clear formation of higher highs and higher lows, confirming the long-term bullish trend. Imbalance and Strong Volume: A large green candle with significant momentum suggests a strong bullish move. The volume during this rally was the highest in the past year, further reinforcing the trend. Psychological Level – 100,000 USD: The 100,000 USD level is an important psychological barrier, likely acting as a magnet for buyers and sellers. This remains a reachable long-term target. Scenarios: Bullish Scenario: If the price stays above the 65,000–70,000 USD support zone, further upward movement is expected. The first target is 100,000 USD (psychological level), with potential to break higher toward 110,000 USD or beyond if volume increases. Bearish Scenario: If the price falls below 65,000 USD and breaks the structure, a deeper correction toward 50,000 USD (liquidity zone marked "$$$") may occur. My Long-Term Projection: Given the current technical picture and strong bullish trend, my bias is bullish. I expect BTC/USD to reach 100,000 USD in the coming months and potentially test the 110,000 USD zone or higher, assuming the bullish structure remains intact. Trade Plan: Entry (Buy): On a retest of the 70,000–75,000 USD zone, if the price revisits this support. Stop Loss: Below 65,000 USD (under the previous support zone). Targets (Take Profit): TP1: 100,000 USD TP2: 110,000 USD Disclaimer: This is solely a personal analysis and does not constitute financial advice. Please use your own analysis and manage your risk appropriately.
BITSTAMP:BTCUSD
by Safaric
1
TradeCityPro | MEMEUSDT Analysis Risky Spot Buy?👋 Welcome to the TradeCityPro channel! Let's dive into analyzing MEMEUSDT, a newcomer to the market. We'll see if it's worth considering for a risky spot buy and holding as part of our portfolio. 🌍 Market Overview Before analyzing MEME, let’s review Bitcoin’s performance: BTC experienced a 3% drop today, accompanied by a decline in BTC.D. The market was highly volatile, with some coins correcting, others climbing, and some ranging. If BTC.D continues to drop and Bitcoin consolidates, altcoins could see another bullish wave. Personally, I remain bullish and am not looking for short positions. 📊 Weekly Timeframe MEME is a new coin with limited historical data and has yet to experience a bull run. However, it has already been listed on major exchanges and climbed to the top 160 in market cap. After an 80% decline post-listing, MEME entered a range between 0.00909 and 0.01425, signaling the end of its downtrend. Breaking out of this box could signal the start of a new uptrend. With decent recent volume, a risky buy could be considered. Placing a stop-buy order above 0.01561 with a stop loss at 0.00909 might be an effective strategy for managing risk. 📈 Daily Timeframe MEME remains within the weekly range, having recently tested its range high at 0.01476. Sellers appear exhausted, as buyers have consistently pushed the price higher without revisiting the range low. If the daily candle closes above 0.01476, consider entering. Alternatively, wait for a breakout above 0.01740 for a safer entry. Keep in mind that breakout traders might prefer waiting for 0.01740 to be breached, while others might risk entering earlier at 0.01476. It's a matter of trading style and risk tolerance. As long as the price remains above the curve line, I’ll continue focusing on long positions. Confirmation from an RSI overbought condition and increasing volume will further support bullish entries. ⏱ 4-Hour Timeframe On the 4-hour chart, resistance at 0.01488 is currently being tested, with signs of a potential fakeout and short-term correction. However, as long as the price holds above the curve, there's a chance to break this resistance soon. 📈 Long Position Trigger: confirmed breakout above 0.01488 signals a buying opportunity. 📉 Short Position Trigger: I personally won’t prioritize short setups here, as I’m focused on bullish opportunities. 📝 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
13
TradeCityPro | GBPNZD Analysis Ready to Move👋 Welcome to the TradeCityPro channel! Let's start this week's market by analyzing the GBPNZD pair for potential triggers in futures. We'll keep it concise! 🌍 Fundamental Overview GBP: The British pound remains under pressure due to persistent economic slowdown and uncertainty around the Bank of England's policy, with inflation softening but still above target. NZD: The New Zealand dollar is supported by stronger commodity demand and recent hawkish signals from the Reserve Bank of New Zealand (RBNZ), which is holding interest rates steady but remains cautious of global economic conditions. Result: Diverging monetary outlooks and commodity trends make GBPNZD sensitive to risk sentiment and trade flow shifts. 📊 Weekly Timeframe In the weekly timeframe, like most currency pairs, we are in a range but have broken the lower box and are now ranging in a higher box. Additionally, the chart shows a curve-like upward movement, forming higher lows, indicating an uptrend, but recently, the trend has significantly weakened, and the candlesticks are getting smaller. If the curve line breaks, the price can move to 2.10640. If the curve supports, the price may head towards 2.16990 and possibly break this significant resistance. ⏱ 4-Hour Timeframe In the 4-hour timeframe, there is a descending trendline, forming lower highs and creating compression. 📉 Short Position Trigger: Triggered by rejection from the trendline or a break of the 2.14309 support level, targeting 2.12359. 📈 Long Position Trigger: Triggered by a breakout above the trendline and 2.15606, targeting 2.18194. 📝 Final Thoughts 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
3
SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4
EURUSD -> Opportunity for Bears to Fill the GapHello dear friends, Ben here! Overall, after an impressive increase in the beginning of the day, EUR/USD expanded a gap. Theoretically, this usually usually signals a complete inspection of this liquidity area. Meanwhile, the US dollar index (DXY), monitoring the performance of the US dollar compared to the six main currencies, has dropped to about 107.00 after reaching the highest level in two years as 108.07 in Friday. However, the risk of discount on USD is still limited, as recent economic data has consolidated the expectation that the Federal Reserve (Fed) can slow down the rate of interest cuts, so drought drought Made any increase in EURUSD.
Short
by Bentradegold
2
Gold : enters accumulation reaction phase before strong increasAfter a period of accumulation, the gold price has escaped the prolonged bearish phase and is moving in a clear upward price channel. In particular, the market is recording strong buying interest in the short-term support zone of $2,650 - $2,675. This is the "key" area to push the price closer to important resistance levels. If the $2,721 threshold is successfully broken, the gold price is likely to quickly extend its upward momentum to the $2,772 area - an important liquidity level, and also a confirmation signal for the long-term uptrend.
OANDA:XAUUSDLong
by TomtradeFX