Technical Analysis
SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀 SPX: Exploring Buying Opportunities Amidst Bearish Trends 🚀
📊 Recent Performance:
The S&P 500 began 2025 with a 0.71% drop last week. Strong economic data has shifted expectations for Federal Reserve rate cuts to July, creating cautious sentiment across the markets.
📈 Key Technical Levels to Watch:
Support: Immediate support sits around 5800, a critical psychological and technical level for potential accumulation.
Next Support: If tested, 5750 could present attractive buying opportunities for long-term investors.
Resistance: A daily close above 5900 would suggest renewed momentum for bulls.
🔍 Potential Entry Zones:
Dynamic Neutral Zones: These areas signal market equilibrium and provide an excellent guide for strategic entries.
Extreme Negative Zones: Watch for pullbacks into oversold regions, which often align with value-based accumulation opportunities.
🌱 Bullish Reversal Signals:
A breakout above 5866, accompanied by strong buying interest, could signal a return to upward momentum.
Positive catalysts, such as earnings surprises or favorable economic releases, may support a recovery.
🧭 Strategy for Investors:
Focus on pullbacks near well-defined support zones to position for long-term growth.
Use dynamic support levels to guide disciplined entry points and avoid chasing trends.
📢 What’s Your Take on SPX’s Path Ahead?
📈 Bullish
🔄 Neutral
💬 Share your favorite tickers in the comments! Let’s analyze them together and uncover the best buying opportunities.
TradeCityPro | VET: Decoding Trends & Revealing Hidden Potential👋 Welcome to TradeCity Pro! In this analysis, I will review the VET coin for you. This coin belongs to the VeChain project, one of the well-known crypto projects.
📅 Daily Timeframe: Entering the Golden Zone
In the daily timeframe, we are witnessing an upward leg that, after reaching the resistance at $0.07756, has entered a correction phase and is currently moving into the Fibonacci golden zone between 0.5 and 0.618.
🔍 Previously, it seemed that price bottoming at the area of $0.04361, which coincides with the 0.5 Fibonacci level, would occur, but in today's candle, the price is moving towards the 0.618 area and has broken the 0.5 level.
✨ Additionally, the 99-day SMA is reaching the candles, and this area is also an important support zone, so the price might create an Accumulation Zone within this box. If so, the health of the upward trend is preserved, and the price can more easily prepare itself for the next leg.
🔽 If further correction occurs and this PRZ breaks, the next price support area is $0.03294, which nearly aligns with the 0.786 Fibonacci and will be the next support area for the price. Given the break of 41.96 in the RSI, if this oscillator stabilizes below this area, the likelihood of this scenario occurring increases.
🧩 The main trigger currently for a long position is the break of $0.05284, which you can enter upon in both spot and futures as you open your position on this coin. The next trigger is $0.07756, a significant resistance and supply area, and the subsequent resistance will be at $0.09855.
📉For short positions, the best trigger currently in this timeframe is the break of the Fibonacci zone. However, by moving to lower timeframes, you can find more triggers.
📝 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! ❤️
Is it time to buy PEPE?Hello, Traders!
After reaching a new ATH last month, PEPE price has dropped by over 40% and continues to decline.
This significant pullback might present a good buying opportunity for those who missed the train during the previous pump.
Currently, PEPE is trading around $0.000016 and could drop even lower if Bitcoin continues its downward trajectory.
The token is hovering in a key support area, and a failure to hold these levels could lead to a further decline towards $0.000014.
This would mark a 50% retracement from its recent ATH, potentially shaking out weak hands before the next move.
It’s important to note that PEPE, like all other altcoins, is heavily influenced by Bitcoin performance.
Without BTC recovery or stabilization, a strong uptrend in PEPE is unlikely to materialize in the near term.
For now, the best approach in mid term might be employing DCA strategy.
This allows for accumulating positions at lower prices while mitigating the risks associated with trying to time the market.
However, as always, managing risk is crucial in such volatile environments.
A confirmed bounce could offer a solid entry point for traders, while a breakdown would warrant caution and potentially wait for lower levels before re-entering.
Please don’t forget to boost this idea and leave your comments below.
GBPCAD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
JUBLFOOD cup & handleAlthough I'm bearish on Indian markets and predicting 21000 as the target, these scrips are popping up on my radar.
It's suggested to enter based on your risk capability.
The entry will be only on a strong close of the daily candle above 745, and the stop-loss (SL) will be the low of the handle.
Understanding Symmetrical Triangle Breakout and Retest XAUUSD (Gold vs. US Dollar) is currently priced at 2680, with a target price set at 2660. This indicates a bearish outlook, suggesting the price is expected to drop. The pair has recently experienced a symmetrical triangle breakout, which is a technical chart pattern signaling potential price movement. After the breakout, the price is now in a retesting phase, a common occurrence where the price revisits the breakout level to confirm the move. Traders often view this as a critical period to assess the strength of the breakout. If the retest holds, it could validate the downtrend, increasing the probability of reaching the target price. However, failure to maintain the breakout level could result in a reversal. This scenario highlights the importance of monitoring key support and resistance levels. The retest phase provides an opportunity for risk management and strategic entry.
GBP/JPY Technical Analysis: Targeting 500+ Pips GBP/JPY is currently priced at 190.200, with a target price of 185.000, implying a potential gain of 500+ pips. The analysis indicates that the pair is approaching a major trendline, which acts as a strong support level. This suggests the price may reverse or consolidate around this level. A break below the trendline could signal further downside potential, aligning with the bearish target. The 500-pip gain signifies a significant price movement, highlighting the importance of proper risk management. Traders should monitor price action near the trendline for confirmation. The setup reflects a technical pattern where the trendline's strength will likely dictate the next move. This level serves as a critical zone for potential entry or exit decisions. Staying alert to market sentiment and economic events related to GBP and JPY is essential for validation.
Alvotech breaking out towards 16-18 levelAfter price broke out of the bearish line before and after making a hammer, it started a retracement.
My assumption is it will eventually retest the Weekly EMA 10 levels, which will serve as support.
Going long there (with the SL below the EMA 10) is a conservative way to enter the bullish trend.
We have measure the long wick/shadow of hammer to calculate the target price (12.57-9.15=3.42).
TP1 = 16 (3.42+12.6) handle and TP2 = 18 (old supply zone).
In terms of trade management, when TP1 is hit I would take profit on half of my position and roll my stop loss to breakeven, enjoying a risk free trade towards TP2.
There are 5.5 pips to be made (if this pair follows the script) and the trade has a reward – risk ratio of 9!
Gold--> Retest the resistance level before declining!Hello, dear friends! This is Ben here!
Gold prices continue their upward trend, currently hovering around 2671, with a modest daily increase of 0.05%.
The chart indicates that gold is consolidating and attempting to approach the critical resistance level of 2675. The bullish market structure suggests that prices are gearing up for a potential breakout. However, the key question remains, will the breakout occur? This depends largely on external factors, including the U.S. economy's performance and the inflationary trends, which have been long anticipated by the market.
Based on current market behavior, we might expect gold to test liquidity and recheck key resistance levels before any potential downward correction. Buyers are likely to exercise caution after disappointing inflation data from China and hawkish signals from the Federal Reserve's recent meeting minutes.
Frankly speaking, I’m not overly optimistic about gold’s upward momentum at the moment, given the lack of strong bullish catalysts aside from lingering trade policies, such as Trump's tariffs on major global powers. Fundamentally, the dollar’s strength and the Fed's hawkish stance continue to cap significant gains for the precious metal.
Resistance levels: 2675, 2680
Support levels: EMA 2665, 2655
From a technical standpoint, the market structure remains bullish, and in the short term, we could see an attempt to break through the 2675 resistance. If successful, prices may test the next areas of interest at 2680 or even 2692 (OB Zone),which could later result in a possible decline.
Best regards, Bentradegold!
AUD/JPY: Bearish Reversal in Play, A Long Downtrend Awaits?Hey Realistic Traders, OANDA:AUDJPY has no chance for a Bullish Outlook? Let's dive into the analysis...
After a prolonged consolidation phase, the Aussie Yen has once again traded below the EMA-200 line, forming a new lower high along the way. This bearish signal marked the beginning of a continued downward movement, which was further confirmed by a breakout from a rising wedge pattern. Such breakouts typically indicate strong bearish momentum, especially when accompanied by multiple bearish marubozu candlesticks.
Further strengthening this outlook, a falling wedge breakout occurred on the JPYBASKET, signaling a continuation of its prevailing bullish trend. This divergence between Aussie Yen and JPYBASKET adds weight to our bearish analysis.
Considering these strong technical signals, the price is likely to move downward toward the first target at 94.651 or potentially the second target at 93.716.
However, this bearish scenario depends on the price staying below the critical stop-loss level at 98.478.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
"Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Aussie Yen".
JPM A Banking Giant with More Twists than a Netflix Series JPMorgan Chase & Co. ( NYSE:JPM ) – A Banking Giant with More Twists than a Netflix Series 📊🔍
1/ Breaking Down JPM's P/E Ratio: Undervalued or Just Sneaky?
With a P/E of 13.54, JPM trades below the industry average of 15.6x. This isn’t just undervaluation—it’s like finding caviar priced as canned tuna. Is this your chance to scoop up a gem? 🧐
2/ Who’s the Alpha Dog in Banking? 🐕
NYSE:JPM outshines peers like NYSE:WFC , C, and NYSE:BAC on core metrics. It’s like watching the teacher’s pet dominate a pop quiz. Ready to compare notes? TradingView’s got the cheat sheet. 🖊️
3/ Earnings Season: The Plot Thickens 🎭
This Wednesday’s earnings release could flip the script. Will JPM confirm its star power or drop the ball? Set your TradingView alerts and grab the popcorn. 🍿
4/ Defaults on the Rise: Red Flag or Overreaction? 🚩
Rising credit card defaults might spook some, but is it just noise? With TradingView's data, you can decide if it’s a pothole or a sinkhole. ⚡
5/ Debt Consolidation: JPM’s Secret Weapon?
Think balance transfers and personal loans are boring? JPM doesn’t. They’re quietly building momentum in debt consolidation. TradingView has the growth story. 💳
6/ Risks: Do the Monsters Under JPM’s Bed Bite?
Regulatory scrutiny, credit risk—JPM’s challenges are no bedtime story. But are these headwinds priced in? TradingView’s risk tools are your flashlight in the dark. 🔦
7/ Can JPM Keep Up with Fintech’s Wild Ride? 🚀
Legacy bank meets disruptor. Is JPM playing catch-up or quietly dominating? TradingView’s tools reveal if the OG is still king of the hill. 📱
8/ Blockchain: Banking’s New Frontier 🌐
JPM’s blockchain ventures could redefine the game. Payments, asset tokenization, and more. TradingView charts show if the hype is real. 🧑💻
9/ SWOT Analysis: Decoding JPM’s Strategy 🕵️♀️
Strengths? Plenty. Weaknesses? A few. Opportunities and threats? Let’s map them out. TradingView’s SWOT lens is where strategy meets clarity. 🔍
Strengths:
Trusted Brand & Services: JPM offers a wide range from retail to investment banking.
Diverse Revenues: Spread across multiple segments, reducing single-source dependency.
Digital Leader: Significant tech investments for a top-tier customer experience.
Global Reach: Operations worldwide for revenue diversity.
Weaknesses:
High Operational Costs: Large network and compliance costs.
Credit Risk: Vulnerable to economic downturns.
Regulatory Oversight: Constant scrutiny impacts profitability.
Opportunities:
Emerging Markets: Untapped growth regions.
Wealth Management: Aging demographics offer growth.
Fintech Innovation: Chance to lead in new technologies.
Debt Consolidation: Capitalize on increasing debt.
Threats:
Fintech Competition: Eroding traditional banking market share.
Regulatory Risks: Potential for increased costs or restrictions.
Economic Downturns: Sensitive to market conditions.
Cybersecurity: High risk due to digital presence.
10/ Latest News Hits the Charts 📈
Regulatory fines, office drama—how does the chatter translate into market moves? TradingView shows the impact of headlines on JPM.
11/ Is JPM a Value Play or a Mirage?
Debate rages: Is JPM an undervalued titan or just treading water? Join the TradingView forums for hot takes and cool analysis. 💬
12/ What’s the Market Saying? 🔍
TradingView’s sentiment indicators tell the tale: bullish optimism or bearish caution? See what traders are betting on JPM. 🎲
13/ Technicals That Speak Volumes 🛠️
Triangles, trends, and Fibonacci levels. TradingView’s tools can spot potential entry points and confirm patterns. Will you catch the next wave? 🌊
14/ The Big Picture: JPM's Future 🌍
Blockchain, fintech, and resilient banking. TradingView’s long-term charts suggest JPM could be evolving into the Terminator of finance: old-school but built to last. 🤖
#LongTermInvesting #TradingView #JPM
15/ What’s Your Move on JPM?
📈 Buy for the long term
🔄 Hold for now
🚫 Avoid the risk
share your take!
Dollar Index (DXY): One More Clear Sign of Strength
Looks like Dollar Index is going to continue rising.
After an extended accumulation within a horizontal parallel channel,
the market violated its upper boundary on Friday.
Bullish trend will most likely continue.
Next goal - 110.5
❤️Please, support my work with like, thank you!❤️
#NIFTY Intraday Support and Resistance Levels - 13/01/2025Gap down opening expected in nifty near the 23350 level. After opening if nifty starts trading below 23350 level then expected quick downside rally upto 23200 level. For today's session 23200 level will act as a important support for nifty. Upside 23500 level will act as a strong resistance. Any upside rally can be reversal from this level. Bullish movement in index only expected above 23550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/01/2025)Today will be gap down opening expected in banknifty. Expected opening near 48550 level. After opening if banknifty starts trading below 48450 then expected strong downside rally upto 48050 in today's session. Upside 48950 level act as a strong resistance for today's session. Any bullish rally only expected if banknifty starts trading and sustain above 49050 level.
$GBPUSD Smashes 500 to 1000 PIPS– Ready for the Next Power Move?FX:GBPUSD pair has delivered an epic performance, locking in a massive +1000 PIPS on the whole swing and +562 PIPS on the half swing! After smashing through +250 pips in the latest move, the big question arises: what's next for the Wave Swingers?
With precision setups and powerful momentum, we analyze the next potential opportunities in this explosive trend.
Stay patience & focused for the next wave of dominance!
> All Trade setups provided advanced in time on IDEAS & MINDS.
EUR/USD (EU) Analysis (Daily Timeframe)Recently, we’ve observed a distribution phase in EUR/USD, followed by a markdown , confirming the overall bearish trend visible on both the daily and weekly timeframes.
Key Observations:
Bearish Structure:
On the daily timeframe, price is consistently creating supply zones and showing strong reactions to them.
The market structure confirms the downtrend with the formation of lower lows and breaks to the downside.
EMA Interaction:
The price is currently surfing downward along the EMAs , which are acting as dynamic resistance and reinforcing the bearish momentum.
Scenarios to Watch:
Continuation: Price could continue its markdown, heading toward the short-term target and potentially testing the psychological level of 1.0000.
Re-distribution: There’s also a possibility of a move upward, creating a re-distribution phase to accumulate enough liquidity for a stronger push below 1.0000 .
Fundamental Insights:
Strength of the US Economy:
The US dollar remains strong due to:
Higher interest rates maintained by the Federal Reserve to combat inflation, which increases the demand for USD-denominated assets.
Strong labor market data , with low unemployment and rising wages supporting consumer spending.
Positive GDP growth , reflecting resilience in the US economy despite global economic challenges.
Weakness in the Eurozone:
European economies are facing multiple headwinds, including:
Energy concerns driven by geopolitical tensions, leading to higher costs for businesses and consumers.
Slow economic growth as inflation continues to weigh on consumer spending.
Divergence in monetary policy , with the European Central Bank (ECB) appearing more cautious about aggressive rate hikes compared to the Fed.
The combination of these factors makes the USD fundamentally stronger, while the EUR struggles under the weight of economic and geopolitical challenges.
My Perspective:
Given the strong bearish structure, EMA surfing, and fundamental backdrop, I expect further downside momentum. However, the possibility of a re-distribution phase cannot be ruled out, especially if liquidity is needed to push below the 1.0000 level. Staying cautious and reactive to price action around key levels will be crucial.
GOLD Analysis (Daily Timeframe)Gold has been extremely bullish for a while, consistently breaking to the upside and creating higher highs , accompanied by the formation of demand zones that were later mitigated for continuation.
The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume , Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area.
Key Observations:
Bullish Volume Returning:
Recently, bullish volume seems to be picking up, signaling the potential start of the next leg upward.
EMA Interaction:
Previously, the price was "surfing" along the EMAs, demonstrating a strong trend-following behavior.
Currently, the EMAs have tightened significantly, which often signals an impending price expansion—a strong indication that volatility and directional movement may resume soon.
Two Scenarios in Play:
Gold may continue ranging before breaking to the upside.
The current move may sustain and lead to a new high.
Liquidity Trap:
The reaccumulation created a cloud of liquidity , with many traders now eyeing potential sell opportunities due to:
- The break to the downside.
- The formation of equal highs , often misinterpreted as bearish.
This could very well be a Smart Money Trap , fueling a bullish move as liquidity is taken.
My Perspective:
I remain optimistic about the bullish scenario , as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
Boost your Trading Strategy with pivot points, Risk Management!🚀Boost your TradingStrategy with pivot points, historical insights,Support and Resistance, and smarter risk management! 🔍
Learning Goals📚🧠
By the end of this guide, you will:
Understand How Pivot Points Work: Grasp the fundamentals of pivot points and their significance in trading.
Recognize the Benefits of DCA Historical References 1.0: Learn how our historical references indicator enhances your trading strategy.
Interpret the Meaning of the Indicators: Comprehend the functionalities of our unique support, resistance, and pivot zones.
Master Risk Management: Acquire effective techniques to manage and mitigate trading risks using our tools.
Introduction
Are you looking to give your trading on TradingView an edge? Dive into the world of pivot points, enriched with historical context, and turbocharge your strategy! We'll blend the ancient wisdom from "Secrets of a Pivot Boss" with our innovative DCA Historical References 1.0 indicator and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging to create a trading powerhouse. 🌟
Pivot Points 101 📚
Pivot points are like the secret sauce of trading, showing you where the market might turn. Think of them as the GPS of price action. From the Money Zone to Camarilla pivots, discover how these levels can predict market direction. 🔄
Understanding Camarilla Pivot Points and the Money Zone 🧐
Camarilla Pivot Points: Camarilla pivot points are a set of eight support and resistance levels derived from the previous trading day's high, low, and close prices. Unlike traditional pivot points, Camarilla emphasizes more minor levels believed to offer stronger support and resistance. Traders use these points to identify potential reversal zones and set precise entry and exit points.
💰Money Zone:
The Money Zone, introduced by Nick Radge, is a range around the pivot point where most trading activity occurs. It’s divided into upper and lower zones, acting as key areas of support and resistance. The Money Zone helps traders understand where the market is likely to find equilibrium, making it easier to anticipate breakout or reversal scenarios.
How DCA Alpha 1.0 Enhances These Concepts:
🔄 Dynamic Support & Resistance:
DCA Alpha 1.0 dynamically adjusts support and resistance zones in real-time, ensuring pivot points remain relevant as market conditions change.
📈 Historical Context Integration:
DCA Historical References 1.0 analyzes past pivot behaviors to identify patterns and improve the reliability of support and resistance zones, providing informed decision-making based on historical interactions.
🟢🔴 Momentum Visualization:
Color-coded indicators show where the market's energy is fading or surging, helping traders quickly assess trend strength and potential exhaustion points.
🔔 Customizable Alerts:
Set personalized alerts for when price approaches or breaks through dynamic support and resistance zones, ensuring you never miss critical trading opportunities.
Practical Trading 📈
Pivot Points with Historical Data:
Trend Confirmation: When you see 🟢 green indicators at lower lows, it's an optimal entry point, signaling bullish momentum! 👍
Reversal Signals: Spot a 🔴 red indicator at higher highs? That's a sign of overbought conditions, signaling a potential pivot in direction. 🔺
Support and Resistance as Pivot Points:
Our support and resistance levels act as crucial pivot points, enhanced by color changes to provide clear buy and sell signals:
🟢 Green Support Zones: Indicate strong buying opportunities where the market is likely to bounce back.
🔴 Red Resistance Zones: Highlight areas where selling pressure may increase, potentially leading to price reversals.
Synergy with DCA Tools:
Combine with DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging and DCA Historical References 1.0 for a trading strategy that's as layered as a gourmet cake. 🍰
Strategy Overdrive 🚀
Risk Management: With probability metrics, manage your risks like a pro. Think of it as having a crystal ball for setting your stops. 🔮
Entry/Exit Tactics: Learn when to jump in or bail, thanks to DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging. 🚪
Conclusion
By marrying the time-tested pivot strategies from "Secrets of a Pivot Boss" with our cutting-edge DCA Historical References 1.0 and DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging, you're not just trading; you're mastering the market with historical insights and real-time data. Get ready to level up your trading game on TradingView! 📈🔝
NZDUSD Is Approaching The DowntrendHey traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.55800 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.55800 support and resistance area.
Trade safe, Joe.
TradeCityPro | OPUSDT Starting the Week with a Drop?👋 Welcome to TradeCityPro Channel!
Let's prepare our charts during the last hours of the weekend. It’s possible we might see some movement in the coming week, which could likely be bearish.
Scroll Down to Check Out the Analytical Chart as Well!
🌐 Overview Bitcoin
As always, before starting our analysis, let’s check Bitcoin on the 1-hour timeframe. Even during this holiday, Bitcoin is still just ranging with no significant events, which makes sense as a new structure is needed.
I have a feeling that the upcoming week might be red. However, I suspect this short-term bearish wave will turn out to be a fakeout, leading to a reversal back upwards. This is just one scenario, though. Personally, I might open a long position after breaking the $95,323 level, depending on Bitcoin's dominance conditions.
🕵️♂️ Previous Analysis
In our previous OP analysis, we highlighted our spot trigger, which was after breaking $2.688. However, it was never activated. This, along with the engulfing candle, caused us to stay in the range box, fluctuating within the same zone.
📊 Weekly Timeframe
In the weekly timeframe, there isn’t much need for further analysis, as our previous one still holds.
However, the weekly candle closing tonight might indicate a continuation of the rejection trend and a move toward the $1.338 support. The decline in volume clearly shows that no one is trading in this market at the moment.
📈 Daily Timeframe
In the daily timeframe, we’re also in a daily range box. Currently, after being rejected at $2.681 and triggering the double top with the $2.161 support break, we moved a distance equivalent to a 1:1 risk-to-reward ratio for the double top pattern.
Right now, after a heavy rejection at $2.161—which was somewhat a pullback—we are at the $1.749 support. Previously, this level was the daily range box resistance, but it has now shifted and turned into support.
Regarding this shift in support and resistance, let me explain a chart detail. Look at the area labeled as "old support" on the chart. This was our previous resistance, but now it has shifted to $2.681, our new resistance. This is because the future (or the right side of the chart) shows two rejections from this area, making it more significant for us.
Meanwhile, the $1.749 support aligns with the 0.618 Fibonacci level when measured from the start of the wave, which holds significant importance in Fibonacci analysis. After breaking this level, we could see a move down to the $1.335 support.
If you’re holding this coin, it’s recommended to cash out temporarily below $1.335 and look for reentry points in the future. After breaking $1.749, a short position could also be opened.
📝 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! ❤️
XRP ANALYSIS 🌸#XRP Analysis : Bullish Trend 🚀🚀
🚀As we can see that #XRP was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲
🔖 Current Price: $2.5454
⏳️ Target Price: $2.7055
⁉️ What to do?
- We can trade according to the #XRP 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.
#XRP #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR