US30 Analysis breakout occurred.Hello Guy's Must Support Me And Share Your Thoughts In Comments Section Thanks Trade Safely
In My Analysis of US30 (Dow Jones) on a 4-hour timeframe, showing a descending channel as the dominant trend until a breakout occurred.
Key Observations:
1. Descending Channel: The price was in a bearish trend, characterized by lower highs and lower lows within the channel.
2. Breakout: A breakout to the upside is evident, signaling a potential reversal or bullish momentum. The breakout point is marked and supported by increased buying activity.
3. Support and Resistance:
Support Level: Identified near 43,000, where price consolidated before the breakout.
Resistance Level: Marked around 44,800, acting as the potential target for the bullish move.
4. Potential Price Movement: Post-breakout, the chart suggests a bullish projection toward the resistance level. However, price may retest the support level (previous resistance) for confirmation before continuing upward.
Technical Outlook:
The breakout from the descending channel indicates a trend reversal from bearish to bullish. Buyers are likely dominating in the short term, with a probable continuation toward the resistance zone unless invalidated by a re-entry into the channel.
NOTE: This Analysis For Educational Purposes Only Not A Trading Advice
Trendanalyse
Will Trump continue to increase Solana?Hi all, let's look at the 1W SOL to USDT chart, as you know there is a lot of confusion about Solana, because Trump announced that he is considering it for the US reserve. However, here we can see how the price is moving in a specific uptrend channel, in its upper limit which so far has not been able to be positively broken.
Let's start by defining the targets for the near future that the price must face:
T1 = 265 USD
T2 = 291 USD
T3 = 324 USD
Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 247 USD
SL2 = 236 USD
SL3 = 220 USD
SL4 = 200 USD
Looking at the STOCH indicator, we can see that we have bounced off the middle of the range, which has given rise to the current increases, and there is still room for the price to go higher, but considering that any event related to Trump can have a major impact on the market, one should be extremely careful.
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHello Everyone,
Here’s the latest update on the GOLD weekly chart we’ve been monitoring and trading, offering a detailed overview of the current range.
On the weekly timeframe, a strong resistance level is identified at 2790, which could trigger a reversal. As of now, we recommend holding off on trades since the price could reverse at any moment. Let’s wait for the NY session and keep our positions light.
To streamline your trades, we’ve outlined ENTRY LEVELS and TAKE PROFIT (TP) targets (TP1, TP2, TP3) based on the EMA5. The EMA5 crossing and sustaining above these weighted levels will determine subsequent targets.
Key Update:
ENTRY LEVEL: 2735
If a candle closes above this level and the EMA5 crosses it for confirmation, we will consider bullish entries.
First Target (TP1): 2877
To achieve the second target (TP2: 3018), wait for the EMA5 to close and lock above 2877.
Use the same strategy to target TP3: 3160
Rejection Scenario:
For ranging markets, focus on smaller timeframes (15M, 1H, 4H, 12H, Daily) to buy dips from weighted levels.
Target 120–140 pip moves, which are effective in these conditions while minimizing the risks associated with longer-term positions.
Dip-Buying Strategy:
Continue buying dips at support levels, aiming for 120 - 140 pips per trade.
Each level structure typically provides 60 - 80 pip bounces, making it ideal for accurate entries and exits.
Keep an eye on the EMA5 crossing and locking above or below the ENTRY LEVEL to confirm the next directional range.
Stay sharp and trade smart!
TheQuantumTraders
Gold (XAU/USD) AnalysisHello Dear Traders! share Your Thoughts In comments Section Thanks For Support
In My Analysis Of Gold (XAU/USD) on the 4-hour Timeframe. Here's the Details:
Technical Analysis
1. Trend and Channel:
Gold is in a bullish trend, trading within an upward price channel
Price recently tested the upper resistance of the channel (Point 3) and is now consolidating near a key resistance zone.
2. Key Levels:
Resistance Levels:
Around 2725–2745, marked as potential profit-taking zones (TP).
Support Levels:
Strong support near 2690–2700 aligns with the lower channel boundary and past consolidation zones.
Major support around 2630–2650 in case of a deeper retracement.
3. Chart Pattern:
A possible pullback to the support zone (2700) may occur before resuming the bullish trend toward the next targets (2725 and 2745).
Fundamental Analysis
1. Market Sentiment:
Gold's bullish momentum reflects a possible safe-haven demand amid economic uncertainty or declining USD strength.
Investors might also be positioning ahead of key economic data (e.g., inflation, central bank policies).
2. Key Drivers:
If U.S. interest rates remain unchanged or expectations of cuts in increase, it could support further gains in Gold.
Conversely, stronger U.S. economic data or hawkish central bank commentary might lead to a short-term correction.
Outlook
Bullish Scenario: A sustained breakout above 2745 could open the door to further gains toward higher levels.
Bearish Scenario: Failure to hold support at 2700 may trigger a correction toward 2650–2630.
Gold Suggests a bullish bias, with a potential pullback to support before resuming the upward trend.
NOTE: This Analysis For Educational Purposes Only Not A Trading Advice
BTC/USD chart Analysis Hello Guy's Must Support Me And Share Your Thoughts In Comments Section Thanks Trade Safely
BTC/USD chart Analysis
Technical Analysis:
1. Resistance and Support Zones:
Resistance: The price is approaching the resistance zone near $108,500, marked as the TP2 zone.
Support: Multiple supports are evident near $102,000 and $96,000.
2. Trend:
The price has formed a higher high (point 7), suggesting bullish momentum. However, potential resistance at the $107,000 (TP1) level could lead to temporary consolidation.
3. Patterns:
The price has shown repeated bounces from support zones (points 2, 4, 6), indicating strong buying interest at those levels.
4. Targets:
Short-term: TP1 at $107,000.
Medium-term: TP2 at $108,500.
Fundamental and Geopolitical Context:
1. Fundamentals:
Recent global adoption trends or news related to Bitcoin may be driving increased demand.
Macroeconomic factors, such as inflation and central bank policies, could be influencing the bullish sentiment.
2. Geopolitical Influence:
Any geopolitical instability may be enhancing Bitcoin's appeal as a hedge, pushing prices upward.
Regulatory news or acceptance in key markets may further support this trend.
Conclusion:
The trend is bullish, with strong momentum toward resistance at $108,500. Traders should watch for a breakout above resistance or a potential pullback to the $102,000 support. Fundamental and geopolitical factors may further reinforce Bitcoin's upward movement.
NOTE: This Analysis For Educational Purposes Only Not A Trading Advice
CAUTION: BTC may drop and will have some news to facilitate thatWhat if I tell you Price may reach 75k range before continuing bull trend.
I have been posting ideas since mid Dec 24 cautioning everyone and wait for confirmation before Yoloing (Check my other ideas). Don't get caught in influencers game.
on Daily TF, I am seeing H&S pattern and weakness in market to break structure for a month.
We may see BTC price touching 200 daily MA. This will invalidate if daily close above 108.5k.
I am not bearish, its just temporary pullback.
Even if you miss small rally to wait for confirmation, that's fine. you are reducing your risk.
Bitcoin (BTC): Rise up to $135,000 or drop to $80,000-$90,000The current market situation is uncertain. The market often moves contrary to public sentiment. Currently, most expect a correction. ETF inflow/outflow data indicates significant outflows from December 19, 2024, to January 2, 2025, which is evident in the BTC chart. On January 3, 2025, there was an inflow of $905M.
In a bearish scenario, panic could dominate the market, making it difficult for BTC whales to sustain distribution above $100,000. However, if a bullish scenario unfolds, the $91,000–$108,000 zone could act as a strong support level after a price increase to $135,000 or the 161.8% Fibonacci level. This bullish scenario would become even more significant if the growth aligns with major international events at the end of January, February, or March. 👀
1. Bullish Scenario:
The price breaks through the current resistance levels, targeting up to $136,000 or the 161.8% Fibonacci level.
2. Bearish Scenario:
A correction to the $80,000–$90,000 range or the 38.2-61.8% Fibonacci levels, with a potential test of the $88,000 support level aligned with the 800 EMA.
👇
About Me:
I maintain a personal trading journal. I don't possess extrasensory abilities or insider information.
Disclaimer:
Trading involves risk—always do your own research and seek professional advice. We are not responsible for any financial losses. #DYOR
Share your thoughts in the comments below 👇
FORCE MOTORS - ALL TIME HIGH AGAIN ? WHATTTTTTTT....???
HELL YES..
A big OPPORTUNITY in FORCE MOTORS LTD🚀🚀
We saw that this stock was in correction mode since it made an all time high of ₹ 10,100
BUT NOW, it is giving the reversal sign by giving a breakout of downward sloping trendline with good intensity of volume.
* As per ELLIOT WAVES the stock is getting ready to move all time high to unfold the WAVE 5th
* Stock can be a buy on dip till it touches all time high with the same stoploss mentioned in trading plan at the last with expected targets.
Technical view- a simple understanding for beginners
* The stock has given a breakout with good intensity of volume.
* The price changed its structure from lower low to higher high
* Stock price is challenging Upper Bollinger Band in Daily Time Frame
* RSI ( a strength indicator) is above 60 in Daily Time Frame which indicates strong momentum
* All the momentum indicators such as MACD, DMI etc., are giving positive signals.
For those who are new to WAVES, let's Understand the basics of Waves 📈
Key Elliott Wave Principles:
1. Five-Wave Impulse Pattern: The primary trend unfolds in five waves (1-2-3-4-5). Waves 1, 3, and 5 move in the direction of the trend, while waves 2 and 4 are corrective.
2. Three-Wave Corrective Pattern: After a five-wave sequence, a correction typically follows, consisting of three waves (A-B-C) that move against the primary trend.
3. Wave Relationships: Fibonacci ratios play a crucial role in Elliott Wave analysis, often governing the length of the waves.
4. Wave Characteristics: Each wave has its own set of characteristics. For example, Wave 3 is usually the most powerful, showing the strongest price movement, while Wave 5 may signal the final push before a significant correction.
TRADE PLAN
* one can add at current levels and again if it comes down you will get an opportunity to add more till 6500
* Targets - 8000/9000/9500/10000/ All time high
(note- Targets may also react as resistance / hurdle)
* Stop Loss - 6160
* Invest keeping in mind for short to long term view, not for speculation.
* Always invest only after calculating the financial risk with the given stop loss and then decide your quantity.
Thank You
KARANN DINGRA 💰🚀
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval.
As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29.
In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39.
The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
Potentially a good time to switch from BTC to ETH.Hi all, let's look at the 1W ETH to BTC chart, in this situation we can see how the price is moving below the downtrend lines, in this situation we have several such lines which also indicate strong resistance places for the price in a given move.
Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels:
T1 = 0.04504btc around 21.5%
T2 = 0.05346btc around 44%
T3 = 0.06004btc around 61.5%
T4 = 0.06652btc around 79%
T5 = 0.07623btc around 105%
Now let's move on to stop-loss in case the market continues to fall:
SL1 = 0.03166btc
SL2 = 0.02213btc
SL3 = 0.01612btc
On the RSI indicator, we have a visible movement at the lower end of the range, which could potentially indicate an upcoming increase, here it is worth watching the trend line under which we are moving, because the moment of approaching it gives a renewed price recovery.
OM / USDT: constructive actions along support zone The uptrend (both macro and mid-term) looks strong and intact.
The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character").
While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70
Wishing you successful and profitable trading and investing decisions and thank you for your attention!
#1INCH. ROCKET LAUNCH COMING SOON! 11/22/24A super interesting asset both locally and on a more global scale.
Descending trendline + accumulation structure. Exiting accumulation usually happens with an upward breakout + we’ve reached a strong support level, from which a bounce is to be expected. In any case, at the moment, this is an ideal price for spot buying. Added more to my spot position.
Targets:
Short-term: $0.6–$1
Mid-term: $3
Long-term (bull market): $10
XRP is flying towards the sky!!XRP is emerging from the triangle with a huge upward movement, the price increase itself reaches 165%, which gives a very good result among the leading cryptocurrencies.
You can see here how the price is dynamically approaching a very strong resistance zone from the level of $1.42 to the level of $1.61. This is a very important zone that should be monitored, because moving upwards from this zone will open the way to the previous ATH, but if the zone rejects the increase, we will be able to see the price quickly return to around $1.06, and then we can see the level around $0.8.
MKR/USDT 1W interval chartHello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line.
Let's start by setting goals for the near future, which include:
T1 = $1,745
T2 = $2192
T3 = $2546
T4= $2,900
Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
Hellena | GOLD (4H): Short to support area 2540 (wave C).Dear colleagues, I believe that it is too early to talk about long positions. I expect the price to complete a big correction and then we will look for long positions.
So far I see a variant with the completion of wave “C” in the area of 2538-2545.
Preliminary correction to the resistance area of 2645 is possible. Therefore, there are two possible options to enter a position:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BTC is in the range of $85-90kAs you can see, BTC has made large upward movements in recent days, resulting in a move of approximately 35%, which broke the critical point around $84,600, reaching nearly $90,000. You can see how we are struggling to maintain this movement and the price itself is in the range of $85,000-$90,000.
However, here you can see another resistance point at the level of $90,900, then very strong resistance may appear at the price of $94,400, and then the zone in the range of $98,400 to $99,760 will be important, which is a strong psychological barrier.
In a situation where we see further price recovery, support is visible at the level of $84,580, then there is a support point at $81,235, then we have the level of $78,481, $75,727 and $71,784.
You can see how the price is climbing along the upward trend line and looking at this line, we can expect an attempt to rebound towards this trend line.
BTC UpdateAs expected, the price continued its upward movement by hitting the Fibonacci golden zone and forming a hidden divergence in the RSI. The candle that hit the golden zone is a pin bar candle and this week's candle is the confirmation candle of that pin bar candle. So we have to wait for the closing of the weekly candle, and if the candle closes in the form of a momentum candle, it can be said that the price is still interested in moving up.
XAUUSD Primed for a Breakout: Key Levels to Watch Now!Attention Pro Traders! XAUUSD is heating up, and big moves could be on the way!
XAUUSD Update: Locked in a tight range between 2649 and 2665. Will it break out or break down? Keep watching.
Downside Alert: A slip below this range could lead to quick drops. Targets: 2644 and 2639. Get ready!
Upside Potential: A push above this zone could fuel a rally! Next targets: 2680 and 2698.
DOGE/USDT chart review 1D I invite you to take a quick look at the chart of DOGE in pair with USDT, taking into account the time frame of one day. As we can see, when the price left the downtrend lines, it gained energy for new increases.
But you can see here that the 0.618 Fib level turned out to be a strong resistance at the $0.176 level, only when it is overcome we can see the resistance at the $0.2 level, and then the $0.234 level will be important.
Looking the other way, first of all you need to take into account the level of $0.146 as support, then the level of $0.123 is important, and then visible support is at the price of $0.089.
When we look at the RSI indicator, we will see a reflection from the upper limit, but the large rebound resulted in a slight downward price movement on the chart, which translated into a strong upward movement.