ETH - Super bullish inverse H&SCould we be looking at a super bullish scenario of an inverse head and shoulders for ETH? It looks ugly, but could work if the neckline is decisively breached. If it is, we could be looking at some serious gains for ETH. This isn't meant to be fake news or an attempt to gain followers, it's all on the pile of possibles until made improbable. So, we'll keep our fingers crossed and look for higher highs. Until then, follow for more.
Trend-analysis
SOL/USDT: Are We Gearing Up for a Big Move?Take a step back and look at the big picture for SOL/USDT. There's a long-term head and shoulders pattern forming that could redefine where Solana is headed. Pair that with the Hurst cycles, and we have a cocktail of signals that just… works.
If this plays out, we might see a week-long breach of the upper trend line in the next 18 months—a move that would confirm higher highs are on the horizon.
This is the kind of setup that rewards patience. Do you see it breaking out, or is this just wishful thinking? Follow and share your thoughts below—let’s see how this one plays out. 🚀
BTC is looking like more down, but a great buy opportunity Head and shoulders for BTC was invalidated recently leaving a short term play that looks like some more downside than up, for the very short term in any case. It looks like the green trend line was broken of late. Typically when there's a break, the price action comes back down to buffet on it for a short while before taking off agian. Let's see what happens, it looks like a great buying opportunity though. Cycles in green semi circles also pervail to there being more down than up to go. Follow and share for more.
AIXBT set for one more push before correctingThis new coin looks as though it could be on wave 4 of 5. The volume looks strong inferring that the big green bars of late were in fact wave 3, so starting with there it fits really nicely. I'd put a trade on if the trend line is broken to complete wave 4, which would mean the wave 5 has the room to complete. But, the inevitable ABC is absolutely unmistakable after wave 5 is in so watch out for that. I wont be placing any trades as the liquidity is so low. But, you make your own decision. Follow for more.
HelenP. I Bitcoin can make correction and then continue growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price fell to the support level and some time traded near it and later broke this level and continued to decline to the trend line. After this movement, the price turned around and made impulse up, thereby reaching the 99500 level one more time and soon broke it again. Later, the price some time traded near this level and then continued to move up to the resistance level, which coincided with the resistance zone. When the price reached this level, it first made the correction and then made an impulse up, breaking the resistance level. After this, the price reached a new ATH (108K points) and then dropped to the trend line, breaking the resistance level again. Soon, BTC broke the trend line and fell to the support level, but a not long time ago it rebounded and started to move up. For this case, I expect that BTCUSDT will make small corrections and then continue to move up to the resistance level. That's why I set my goal at 105000 level. If you like my analytics you may support me with your like/comment ❤️
XRP, much more to goLooking back at the fractal I created a few months ago, it's playing out really well. Looking at the 5 waves that were put in within the first fractal, there could be an opportunity for the same 5 waves to play out within the second fractal. So, hold firm and keep XRP close and look forward to the eye watering upswide that we'll see within the next 6-7 months. Follow for more.
Bearish Setup on EUR/USD After Rejection at Key ResistanceTrading Idea on 1-Hour Chart (H1):
The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline.
The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control.
Technical Confirmation:
Key Resistance Zone:
The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening.
Break-Retest Pattern:
The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection.
RSI Indicator:
The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move.
Technical Confirmation:
Key Resistance Zone:
The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening.
Break-Retest Pattern:
The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection.
RSI Indicator:
The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move.
Summary:
This idea is based on a bearish continuation pattern following rejection at a key resistance zone, supported by trendline retest and weakening bullish momentum. Confirmation on lower timeframes (e.g., M15) is recommended before entry.
Bitcoin through next halving - on the cusp of a new cycle pt. 2Adding another view to my previous idea removing the volatility between the move. Please see for an idea of what the volatility could look like:
Key areas:
Keep an eye on RSI momentum
Keep an eye on major support levels which will be added as time goes on
Use pre-established profit points - and DON'T fomo when the time comes. Pick your sell points and COMMIT to them - put a post-it on your monitor.
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend.
Entry Idea: On retest of the neckline or consolidation above the breakout zone.
Stop-Loss: Below the right shoulder for risk management.
Take-Profit Target: $108K, in line with the projected breakout target.
Keep an eye on volume too.
Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly.
Follow for more.
#NOT 4H. Symmetrical triangle and potential for growth. 11/20/24Looks solid. At the moment, the price has formed a "symmetrical triangle" pattern.
I expect a bit more sideways movement, followed by a breakout and an upward move. I believe the launch of new tap-to-earn tokens in November will drive growth across the entire Ton ecosystem.
From the current levels, I anticipate at least a 50% increase without leverage. You already know the mid-term targets for Notcoin. Well, these are my targets and my opinion—it's up to you to decide what to do with these thoughts.
USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction.
It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend
What to do ?
Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news.
#all the best.
PEPE’s Next Move: Anticipating a Correction Amidst OvervaluationIn the wake of the recent rally in BINANCE:BTCUSDT , BINANCE:1000PEPEUSDT.P has followed suit, joining the upward momentum and achieving fresh higher highs. Looking at historical patterns, it's plausible that we could witness a 10% retracement in the coming days, as corrections have been common following similar surges. Furthermore, we’ve been tracking a month-long upward trend where strategic pullbacks have consistently set the stage for new highs, reinforcing the potential for a short-term decline.
The current price action appears somewhat inflated, especially when considering key indicators such as the EMA200 and Bollinger Bands , both of which suggest overvaluation at this stage. With these confluences in mind, I foresee a potential move towards filling the imbalance that has been left behind by recent price spikes.
For this setup, I have identified two target profit zones:
TP1: 0.0100676
TP2: 0.0096963
To manage risk, the stop-loss is placed at 0.0112460, allowing for a balanced approach that accounts for market volatility while still capturing potential downside movement.
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ).
EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline.
GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe.
GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
GOLD h1 chart analysis 100%Follow the instructions.
If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Bullish Opportunities:
1. 2500 - 2502
2. 2477 - 2487
Bearish Opportunities:
1. 2510 - 2512
2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
Use proper risk management Or money management and follow my instructions properly.
Don't forgot to support by liking or following!!
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
XAUUSD major support and resistance for the daysupport:
2348
2337
2327
2322
2312
2306
Resistance:
2365
2374
2388
2395
2404
2412
2421
The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week.
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AUD/USD shortAUD/USD One hour trading report overview
Tickets (EP): 0.6662
Reason: Select the 0.6662 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 0.6711
Rationale: Stop loss is set at 0.6711, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 0.6601
Reason: Take profit level is set at 0.6601 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 61pips (610usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
USDJPY shortUSD/JPY One hour trading report overview
Tickets (EP): 156.86
Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 157.44
Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 155.77
Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 109pips (approximately 1,090usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.
NAS100 FORECAST
Overview:
- Current Price: 19019, slightly down by 0.11% (-20.2 points).
- Price Action: The index has been in an uptrend since early May, with a recent consolidation phase.
Key Observations:
1. Trend:
- The overall trend is bullish, with higher highs and higher lows forming since early May.
- There was a significant upward movement around mid-May, followed by a correction and another upward push in early June.
2. Recent Price Movement:
- After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 19100 and 19200.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 18700 and 18600.
3. Sideways Movement:
- The price could continue to consolidate between 18900 and 19050, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.