This or That? Is the Market Choosing This?Trading Family,
Similar patterns on the SPY and BTC chart. But there was also conflicting data on both. There was a bearish head and shoulders pattern on both charts, but there was also bullish data on both charts. The market is conflicted but it is now looking that they may choose to side with the bulls. Let's review the charts.
✌️ Stew
Technical Analysis
HBAR Analysis and Future OutlookHello, Traders!
The HBAR price demonstrated an impressive rally, surging by 850% in just one month, followed by a natural correction phase. After retracing over 35% from its local top, HBAR managed to recover all losses and established a new local high at the $0.4 level, showcasing strong bullish momentum.
Current Price Dynamics:
It appears that HBAR has already formed its local bottom, and the price is preparing for a potential breakout to higher levels.
However, it has now entered a critical resistance zone ranging from $0.4 to its ATH, which currently stands at $0.575.
Breaking through this zone will require significant buying pressure, but the token recent performance suggests that the market sentiment remains highly optimistic.
Market Sentiment and Hype:
With increasing hype and attention around HBAR, driven by its technological advancements and ecosystem developments, there's a high probability of the token achieving a new ATH within the next couple of months.
Entry Points and Strategy:
For those who missed the previous correction phase, it's advisable to wait for another potential retracement around the $0.3 level, which could provide a solid entry point.
From there, setting targets above $0.6 would be a realistic strategy, given the current bullish outlook and market conditions.
Key Levels to Watch:
- Resistance: $0.4–$0.575 (ATH)
- Support: $0.3 (potential retracement)
- Target: $0.6 and beyond
Please don’t forget to boost this idea and leave your comments below.
EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Gold Continues Reaching Fresh Highs!!!Hey Traders, in today's trading session we are monitoring Gold for a buying opportunity around 2688 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2688 support and resistance area.
Trade safe, Joe.
SOL on the edge ETF Decision & Strategic Reserve News to TriggerTechnical Analysis
1. Descending Channel
The price has been consolidating within the descending channel since November, consistently bouncing off the upper and lower boundaries.
A breakout above the channel would signify a bullish reversal and a possible surge toward higher resistance levels, such as $220 and $240.
2. Current Momentum
The price is near the upper boundary of the channel at $204. A successful breakout accompanied by strong volume would confirm a bullish move.
3. Targets After Breakout
Immediate target $220 (previous support turned resistance).
Extended target $240-$280, depending on momentum and news impact.
News/Event Driven Catalysts:
1. Solana ETF Decision
The U.S. SEC decision on a Solana ETF within the next 8 days is a crucial factor. If approved, this would open the doors for institutional investment in Solana, significantly increasing demand and price.
Historically, ETF approvals for assets have led to sharp price rallies, often breaking technical resistances.
2. Trump’s Strategic Reserve Plans
The announcement that the U.S. President-elect is considering cryptocurrencies like Solana for a national reserve creates a bullish sentiment. If implemented, this could position Solana as a strategic asset in the crypto space, attracting major investors and long-term holders.
3. Market Sentiment:
Positive news about an altcoin reserve and Solana’s inclusion could further amplify its status as a leading blockchain in the market, pushing prices higher.
Potential Scenarios
1. Bullish Scenario (Breakout)
If the SEC approves the Solana ETF and positive sentiment continues, the price is likely to break above the channel.
Key levels to watch post-breakout: $220 (immediate resistance), $240, and $280.
2. Bearish Scenario (Rejection)
If the ETF is rejected or market sentiment turns negative, the price might face rejection at the upper boundary of the channel.
Downside levels to watch: $180 (support within the channel) and $165 (channel bottom).
This chart and the accompanying news strongly indicate that Solana is at a pivotal moment. Traders should monitor the channel breakout closely and pay attention to ETF-related news and market reactions. With the potential approval of the ETF and increasing institutional interest, Solana could experience a significant rally, making it a key asset to watch in the short term.
DOGE Ready to Soar Breakout Confirmed with Consolidation AboveBreakout Confirmed
The price has broken out of the symmetrical triangle pattern on the 4-hour timeframe, indicating a bullish momentum.
Higher Time Frame Alignment
If higher time frames (like daily or weekly) are also showing bullish signs, it strengthens the breakout's validity and suggests the trend is likely to continue upwards.
Consolidation Above Trendline
The price is consolidating above the previous resistance (upper trendline), which has now turned into support.
This consolidation is a healthy sign of market strength, as it allows buyers to gain control before the next leg up.
Next Move
A breakout from this consolidation phase would confirm the continuation of the uptrend.
Immediate targets are $0.42 and $0.45, with a potential to move toward $0.50 if bullish momentum sustains.
Entry Strategy
Wait for a bullish breakout from the consolidation with increased volume for a safer entry.
Place a stop-loss just below the trendline or consolidation zone.
Risk Management
Maintain proper risk-reward ratios to account for any potential pullbacks.
LINK on the Verge Bullish Breakout Sparks Momentum !Pattern
The chart shows a descending wedge pattern. This is generally a bullish pattern, indicating potential price reversal or breakout to the upside.
Breakout
The price has broken above the upper trendline of the wedge. This breakout is a positive signal, suggesting that bullish momentum is building.
Volume Confirmation
Check if there’s an increase in volume during the breakout. A breakout with strong volume provides confirmation.
Retest
After a breakout, it's common for the price to retest the previous resistance (now turned support). Waiting for this retest can provide a safer entry point with reduced risk.
Targets
First target: The recent swing high near $24.50.
Second target: $28.50, where there’s visible resistance.
Risk Management
Place a stop-loss below the breakout level or the lower trendline of the wedge in case the breakout fails.
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation
The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries.
The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup.
Golden Pocket Zone
Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision.
This zone aligns with Fibonacci retracement levels or historical pivot points.
Support Levels
A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation.
Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge.
Short Position Setup
Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone.
Profit Levels
The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support.
A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure.
Target Levels
First target: 107.248, aligning with the Good Trading Zone.
Second target: 106.780, which is the bottom of the Trading Zone.
Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short.
Stop-Loss Placement
A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum.
Technical Patterns and Indicators
Rejection Candlesticks
The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure.
Trendline Confluence
The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown.
Momentum Analysis
The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control.
This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
#NIFTY Intraday Support and Resistance Levels - 17/01/2025Flat opening expected in nifty. After opening it will face resistance zone at 23350-23400 level. Any strong bullish rally only expected above the 23400 level breakout. Downside 23150 act as a support for today's session. Any reversal downside rally can be goes upto this support level in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/01/2025)Today will be flat opening expected in banknifty. After opening it will consolidated in range of 49050-49450 level. 49450 level act as a upside resistance for banknifty. If index gives breakout of this resistance then expected strong upside rally of 400-500+ points possible. Similarly, If banknifty starts trading below 48950 level then downside fall expected upto the 48550 level.
USDJPY is Nearing An Important Daily Support!!Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 154.000 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the daily trend at 154.000 support and resistance area.
Trade safe, Joe.
TradeCityPro | AIUSDT Attempting to Break the Daily Box👋 Welcome to TradeCityPro Channel!
Let’s analyze one of the coins in the AI and big data category to stay prepared if the AI hype resurfaces.
🌐 Overview Bitcoin
As usual, before analyzing our altcoin, we’ll first take a look at Bitcoin on the 1-hour timeframe. The 99.485 trigger was broken but quickly dropped back below, with a sharp pullback to 97.434, which could be considered a fake breakout.
If this movement is treated as a fake breakout, switching to the 15-minute timeframe shows that the fake breakout trigger is 100.117. Once this level is broken, you can re-enter, and if you missed the position, it provides a new trigger point.
📊 Weekly Timeframe
AIUSDT is a newly listed coin with limited data, so technical analysis options are somewhat restricted.
This coin has broken out of its 100-day box between 0.3306 and 0.5059 but faced rejection at the significant resistance of 0.8228, pulling back to the 0.5059 zone.
It’s worth noting that while many coins have re-entered their previously broken boxes, this coin is holding a higher level, which is a positive sign.
If you’re holding this coin, it’s recommended to sell below 0.3306 and exit. For re-entry, wait for a confirmed breakout above 0.8228, with a reliable stop-loss at 0.3306 (or a riskier one at 0.5059).
📈 Daily Timeframe
After breaking the 0.5375 resistance—our significant daily box ceiling—AIUSDT moved to 0.8228 but was rejected and entered its broader range.
Examining the fake breakouts around the 0.3448 support shows that the second fake breakout led to a trend reversal. Fake breakouts often initiate new trends.
Currently, the 0.8228 resistance level, previously a support, has become a key resistance.
During this upward trend, volume has been increasing, while the rejection and pullback saw decreasing volume, confirming the upward movement.
New entries make sense after breaking 0.8228, but require increased volume and momentum.
Place a stop-loss at 0.5375 , Targets are 1.2873 and 2.0136.
📝 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! ❤️
How I Stopped Missing The Best Trade Entries!!I’ll be honest—when I started trading, I had no idea what I was doing. I’d open a 15-minute chart, see what looked like a good setup, and jump in. Sometimes I got lucky, but more often than not, the market turned against me.
I remember one trade in particular that still stings when I think about it. I was trading EUR/USD on the 15-minute chart, and I spotted what I thought was the perfect breakout. Without hesitating, I entered.
An hour later, the market completely reversed, and I was stopped out. Frustrated, I zoomed out to the daily chart, and there it was: I’d entered a buy trade right into a major resistance zone during a long-term downtrend.
That trade taught me a hard truth: if you don’t look at the bigger picture, you’re setting yourself up for failure.
How I Changed My Approach
After that trade, I knew I had to change how I looked at the market. I started using multiple timeframes, and it made all the difference. Here’s how I do it:
1️⃣ Start Big (Monthly and Weekly Charts):
I always start with the monthly or weekly chart to get the big picture. Is the market trending up, down, or just moving sideways? Are we approaching any major levels that could cause a reversal?
For example, if the monthly chart shows a strong downtrend, I know I’ll only be looking for sell setups. That keeps me from fighting the overall momentum.
2️⃣ Zoom In (Daily and 4-Hour Charts):
Once I’ve got the big picture, I move to the daily or 4-hour chart. This is where I refine my plan. I look for key levels like support and resistance or patterns like consolidations and pullbacks.
These timeframes help me figure out where the market is likely to go next, and they’re where I start building my trade idea.
3️⃣ Precision Entries (30-Minute and 5-Minute Charts):
Finally, I drop to the lower timeframes—30-minute and 5-minute charts—to time my entry. This is where I wait for confirmation. Maybe it’s a candlestick pattern, a breakout with volume, or a pullback to a key level I spotted earlier.
This part takes patience. There have been so many times I’ve almost jumped the gun, but waiting for that confirmation has saved me more times than I can count.
My Secret Sauce
Here’s the approach I stick to every single time:
1. Align with the bigger picture. If the monthly and weekly charts are trending down, I only look for sell setups. I don’t care what the smaller timeframes say—sticking to the big picture keeps me disciplined.
2.Identify key levels. On the daily and 4-hour charts, I mark the major support and resistance zones where the market is likely to react.
3.Wait for confirmation. When the price reaches one of my levels, I don’t jump in right away. I wait for the 30-minute or 5-minute chart to give me a clear entry signal.
Here’s the real kicker: I’ve learned to walk away if nothing aligns. No trade is better than a bad trade, and patience has become my best tool.
Switching to multiple timeframes has completely changed the way I trade. It taught me to be patient, to respect the market, and to stop forcing trades that don’t make sense.
If you’ve been struggling with timing your entries or feel like you’re always one step behind, I get it—I’ve been there. Try this approach. Start with the bigger picture, work your way down, and let the market come to you.
And if you’ve got questions or want to know more about how I trade, send me a DM or check out my profile. I’m happy to help—you don’t have to figure it all out alone.
Kris/Mindbloome Exchange
Trade What You See
3M (MMM): Patience Before Next StepsWall Street analysts estimate that 3M will report quarterly earnings of $1.66 per share next week, reflecting a significant 31.4% year-over-year decline. Revenues are projected at $5.79 billion, down 27.7% compared to the same quarter last year.
As we mentioned previously, we have not yet set a clear limit for 3M and continue to monitor its chart closely. The current structure suggests that the alternative scenario, where wave 1 is positioned higher, appears increasingly likely. However, a significant surge beyond this point does not seem probable at this time.
We’re keeping a close watch to determine where this wave 1 establishes its top before making any further moves. Patience remains key as we refine our conclusions on NYSE:MMM ’s next steps.
1inch Network (1INCH)Comprehensive Analysis of 1INCH/USDT 🪙
Introduction
1INCH is the native token of the 1inch Network, a DEX aggregator designed to optimize trades in the DeFi space. This platform enables users to access the best rates across various decentralized exchanges. The 1INCH token serves multiple purposes, such as reducing transaction fees, offering discounts, and acting as a governance token.
🔍 Technical Analysis Breakdown
1. Long-Term Descending Channel
1INCH has broken out of its long-term descending channel and is currently retesting the channel boundary. This pullback is a positive sign for a potential bullish continuation, but further confirmation is needed.
2. Daily Support Zone (Red)
The $0.3377 - $0.3757 range is identified as a key daily support level.
If the price stabilizes within this zone and starts to rise, it could confirm the pullback and signal the beginning of an upward move toward higher resistance levels.
3. Weekly Resistance Zone (Green)
The $0.6276 - $0.7049 range represents a significant resistance in the weekly timeframe.
A breakout above this zone, accompanied by increased trading volume, could lead to a rally toward the blue target zone ($1.1819 - $1.450).
4. Support in Case of a Drop
If the red support zone fails to hold:
The price might re-enter the descending channel and move toward the weekly support zone ($0.2101 - $0.2338), marked in gray.
📌 Suggested Entry Points
1. Breakout-Based Entry:
Condition: Price breaks above the green resistance zone with increased trading volume and stabilizes above this range.
2. Pullback-Based Entry:
Red Zone ($0.3377 - $0.3757): Enter with a stop-loss below the red support zone.
Gray Zone ($0.2101 - $0.2338): Enter with a stop-loss below the gray support zone.
Note: The gray zone offers a higher risk-to-reward ratio but comes with greater risk.
📈 Entry Triggers and Confirmation Signals
RSI Support:
Price holding above the midline on higher timeframe RSI charts can confirm the start of an uptrend.
Increased Trading Volume:
Breakouts of key zones must be validated by significant volume increases.
Low-volume breakouts could indicate false signals (fakeouts).
⚠️ Key Risk Management Tips
Volume Monitoring:
Ensure volume spikes during breakouts to avoid falling for fakeouts.
Capital Management:
Given the sensitivity of this analysis, strictly adhere to proper capital management strategies and set stop-loss orders at the identified levels.
Patience and Confirmation:
Avoid impulsive entries. Wait for clear confirmation signals before committing to a trade.
✨ Final Conclusion
1INCH is at a critical juncture from a technical perspective:
The breakout from the descending channel and the pullback to the support zone indicate a positive setup for a bullish continuation.
Close monitoring of price behavior in the key zones (red and green) is essential, with confirmations such as rising trading volume and RSI support being mandatory for entry.
A successful breakout of the weekly resistance (green) could lead to targets in the blue zone ($1.1819 - $1.450).
However, if the red support zone fails to hold, a decline toward the gray support zone becomes a strong possibility.
US dollar index remains elevated, but for how long?The US dollar index continues to show strength and with the potential reduction in the amount cuts this year by the Fed, there might be further strength of MARKETSCOM:DOLLARINDEX . But could this be the case in the short-run? Let's dig in...
TVC:DXY
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TradeCityPro | RENDER: Navigating the AI and RWA Space👋 Welcome to TradeCityPro!
In this analysis, I will be examining the RENDER coin, a project involved in Artificial Intelligence and Real-World Assets (RWA).
📅 Daily Timeframe: Descending Triangle
In the daily timeframe, after breaking the resistance at 6.75 and reaching up to 11.243, we observe a descending triangle forming between these two areas. The price has touched the support at 6.75 multiple times.
🔍 Additionally, the 6.75 area is also significant in terms of Fibonacci levels, lying between the 0.5 and 0.618 zones. The SMA99 is also reaching the candles in this area, turning it into a very strong Potential Reversal Zone (PRZ).
📊 Market volume within the triangle is gradually decreasing, and now that the price has entered the final third of the triangle, the sensitivity in each candle is increasing. If the triangle breaks in any direction, the volume should also increase; otherwise, the likelihood of a false breakout will rise.
🔽 If the price breaks down and passes below 6.75, the next major support will be at 4.18. A breakdown of the 36.45 level in the RSI would support a bearish scenario.
🧩 For long positions, we first need to wait for the descending trendline of the triangle to break. You can then open a position upon the breakout of this trendline trigger. The main trigger will be at 11.243. However, the range from 11.243 to 13.267 is very strong and, being at the ATH, turns into a significant supply zone.
📝 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! ❤️
XAUUSD Scalping Analysis And NExt MArket MovePair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2720 Gold Price level and 2650 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2698 to 2700
.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2700 to 2735 price level.
EMA 5 Crossing levels:-
2698 To 2700
Retracement Zone:-
2700 To 2735
Bullish Gold Levels:-
2750
2800
Bearish Gold Levels:-
2680
2665
2660
2550
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accuracte analysis according market next move. Happy trading.
NZDJPY Rising Wedge Breakout and Consolidation PhaseThe NZDJPY forex pair is currently priced at 87.200, with a target price of 82.000, indicating a potential gain of 500+ pips. The analysis is based on the support and resistance pattern, suggesting that the pair has tested significant levels. A rising wedge breakout has already occurred, a bearish signal indicating potential downside momentum. Currently, the price is in a consolidation phase, signaling reduced volatility as traders await the next decisive move. The pair is holding a strong support level, which serves as a critical area to watch for a potential breakout. If the support breaks, the price could accelerate toward the target level. This consolidation indicates market indecision, offering an opportunity to prepare for the next trend. Traders should monitor volume and price action closely to confirm the breakout direction. Overall, this setup presents a favorable risk-reward ratio for bearish traders.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/01/2025)Today will be gap up opening in banknifty. Expected opening near 49000 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 48450 level. Any upside rally only expected if banknifty sustain and starts trading above 49050 level.