ONDOUSD: Healthy uptrend after a Golden Cross.ONDO is on an excellent bullish 1D technical outlook (RSI = 65.296, MACD = 0.229, ADX = 55.368) as it is extending the very healthy balanced bullish wave of the 12 month Channel Up. The formation of the 1D Golden Cross will enhance this uptrend and technically can push it just over the 0.786 Fibonacci level, which is our target (TP = 3.000), which is what happened during the first bullish wave of the Channel Up.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Trading
ALU Long Spot Trade OpportunityMarket Context:
Altura (ALU) has delivered an impressive rally and is now poised for a healthy retracement to retest the previous resistance as support at the $0.08 zone. This setup offers a solid risk-to-reward opportunity if price holds this level.
Trade Details:
Entry Zone: Around $0.08
Take Profit Targets:
$0.16
$0.24
Stop Loss: Daily close below $0.07
This setup capitalizes on ALU's pullback to support, aiming to catch the next upward expansion. 📈
ETHEREUM: UNDERVALUED? WHAT IS THE NEXT MOVE?!In my opinion, Ethereum is currently very undervalued. However, I could see a potential correction to the downside in the short term to liquidate excessive leverage. Once the next weekly candle closes above the trendline, I believe Ethereum could experience a strong price surge upwards, potentially reaching the all-time high, and then targeting Fibonacci levels.
Potential Scenarios:
1: Breakout Above Trendline: A close above the trendline on the weekly chart could signal a bullish move towards new highs.
2: Downside Correction: A slight dip could be seen to clear out leverage before a potential move upwards.
What do you think the next Ethereum move will be? Is it more likely to be scenario 1 or 2?
Let me know your thoughts!
NZDCAD On The Rise! BUY!
My dear friends,
Please, find my technical outlook for NZDCAD below:
The price is coiling around a solid key level - 0.8192
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8231
Safe Stop Loss - 0.8171
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
USOIL Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USOIL next move:
The instrument tests an important psychological level 71.02
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 69.73
My Stop Loss - 71.80
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
USDJPY Set To Fall! SELL!
My dear followers,
I analysed this chart on USDJPY and concluded the following:
The market is trading on 153.70 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 152.34
Safe Stop Loss - 154.61
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
EURUSD Massive Long! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0502
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0548
Recommended Stop Loss - 1.0476
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
EURJPY Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 161.37
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 159.91
My Stop Loss - 162.19
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
EURAUD Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURAUD below:
The price is coiling around a solid key level - 1.6539
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.6518
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
SILVER Will Go Up! Buy!
Take a look at our analysis for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 30.270.
The above observations make me that the market will inevitably achieve 31.022 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY Will Move Higher! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 153.785.
Taking into consideration the structure & trend analysis, I believe that the market will reach 154.383 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.633.
Considering the today's price action, probabilities will be high to see a movement to 0.637.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
SILVER SHORT FROM RESISTANCE
Hello, Friends!
It makes sense for us to go short on SILVER right now from the resistance line above with the target of 30.300 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,662.621 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBP/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.969 area.
✅LIKE AND COMMENT MY IDEAS✅
GBP/NZD BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the GBP/NZD with the target of 2.183 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.132 level.
✅LIKE AND COMMENT MY IDEAS✅
Dollar Index (DXY): One More Bullish Movement
Yesterday, I predicted a nice pullback on Dollar Index.
It looks like today, we have one more.
The price testing a key intraday/daily horizontal support
and formed a double bottom on that.
Bullish violation of its neckline may push the market higher.
Goal - 107.1
❤️Please, support my work with like, thank you!❤️
CAD/CHF (Trade Recap), AUD/JPY Short, NZD/JPY Short and EUR/JPYAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Technical Analysis for KAS/USDT + TRADING PLANTechnical Analysis for KAS/USDT
Chart Pattern:
The Head and Shoulders 2X pattern (highlighted in orange) is forming, which suggests a potential reversal. This is a bearish pattern when it completes.
The neckline for the Head and Shoulders pattern aligns around the long support 1 (green line). A decisive breakdown from this support could confirm the bearish trend.
Key Support and Resistance Levels:
Resistance Line (Red): This upward resistance acts as a price ceiling, aligning with the upper boundary of the channel. Current resistance is near $0.25-$0.30.
Long Support 1 and 2 (Green):
First support aligns at approximately $0.12-$0.14 (immediate support).
Second, stronger support lies near $0.09-$0.10 if breakdown occurs.
Intermediate Support (Blue): The long-term trendline below the neckline provides another zone of support.
Trend Outlook:
Short-Term (Bearish to Neutral): Price is consolidating near $0.14. The dotted path shows potential upward movement, but breaking the neckline could lead to a downside push.
Medium-Term (Bullish Potential): If the price holds support and breaks above $0.17-$0.20, Kaspa could return to an upward trajectory within the channel.
Long-Term (Bullish Channel): The broader channel remains intact, and price action could resume its uptrend toward resistance near $0.30.
Indicators Analysis:
Volume: Volume is relatively low, indicating low buying pressure. A breakout requires higher volume.
RSI (Relative Strength Index):
Current RSI: Near 54. This is neutral territory.
Observation: RSI must remain above 50 to support an upward trend.
Money Flow Index (MFI):
The MFI shows a slight upward trend at 32, which suggests weak buying interest.
Stochastic Oscillator:
Stochastic is near 12, indicating a potential oversold condition, which may lead to a short-term bounce.
Trading Plan
Short-Term Strategy (1-2 weeks):
Buy Zone: If Kaspa retests support at $0.12-$0.14, consider accumulating small positions.
Stop-Loss: Place a stop-loss below $0.12 to protect against breakdown.
Target 1: $0.17 (short-term resistance).
Target 2: $0.20 (key breakout level).
Medium-Term Strategy (1-3 months):
Breakout Trade: Enter long positions if price closes above $0.17-$0.20 with strong volume confirmation.
Stop-Loss: Adjust stop-loss to $0.14 after breakout.
Target: $0.25 (resistance near the top of the upward channel).
Long-Term Strategy (3-12 months):
Channel Trend: Continue holding positions if the price respects the long-term support levels and upward channel trendline.
Target: $0.30-$0.35 (upper resistance).
Risk Management:
Position Sizing: Limit exposure to 2-5% of total portfolio on each trade.
Trailing Stop: Use a trailing stop once price hits $0.17-$0.20 to lock in profits.
Kaspa remains in a critical phase with potential for both upward breakout or breakdown. Watch the $0.14 neckline and volume closely. Traders can capitalize on support bounces or confirm long positions above $0.17-$0.20 for better risk/reward setups.
Gold price forecast December 17, 2024World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%).
The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year.
Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market.
This medium-term upward trend is mainly driven by new economic policies, including deeper corporate tax cuts and increased tariffs on imports to the US. These policies could cause inflation to increase in 2025 and beyond.
Wong also highlighted that real yields on the 10-year note have rebounded sharply after testing the 1.9% support level last week. If it increases to 2.29%, the opportunity cost of holding gold will be higher, making gold less attractive to investors.