Bearish reversal off 50% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 0.9043
1st Support: 0.8906
1st Resistance: 0.9171
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Trend Analysis
DOGE: Is the bottom in?This weekend looks like the crypto God candle weekend for the majors. Doge is also looking strong, but chance of it being part of the US strategic reserve is slim to none. But, when tide is rising, it doesn't matter. Right now, the challenge in front of doge is to get out of the downward channel, and fast. The price action has two bullish scenarios left. Depending on how strong the momentum gets, one or the other should come to pass.
1. Ending diagonal (pink): The price action for both intermediate 1 and Minor 1 can be counted as 3 waves zigzag or five waves and be valid. This is something that EW sometimes cannot paint a clean picture until a lot of time passes. But as traders, we need to just figure out the next move and be prepared. In case doge is playing out an ending diagonal pattern, then we should see 3 waves moves to the upside. And since, it is an expanding diagonal, we should see wave 5 is larger than wave 3. So, as a normal range of 1 to 1.236 extension, price should top out between $1.1 to $1.6. The confirmation will be a sharp decline from the top.
2. Wave 3 of 3 of 5 (blue): probability of this should be greater with a strong momentum to the upside. We should see price rocket out of the channel and get to all time high before a meaningful pullback. Price should break through $1 milestone and go higher without stopping for a breather as we have seen in the previous rocket moves. Target will be $6-$10 and level of insanity will be at its peak!
How to trade between the two scenarios: The difference of targets between the two scenarios is massive. We don't want to take a risk of losing all the gains in matter of days, nor do we want to stay on the sidelines when price makes 6x gains in matter of weeks. So, to stay safe, it is important to take some profit between 1 - 1.236 fib extension (at least 25% - 30%) and put a stop loss at $0.48 for the rest. There could be other higher areas to put the stop loss to phase out with more gains, but $0.48, which is the top of minor wave 1, and breaking that will be the confirmation of the top. If price doesn't make it to that level and goes back up to make strong highs, then buy back in at the breakout (this would be one of the scenarios where we can buy a breakout) to jump back on the ship and ride the lightning.
Bear case: There is always the other side of the coin. If price fails to break above $0.28 and the channel, then chances are, the downtrend will continue. It can keep going down to find support at the trend lines. If the trend lines break, then chance of primary wave 4 still in play goes higher. Target can be anything till $0,018. Hope that is not the case...
XAUUSD RETEST UPSIDEhello trader what do you think about gold
current price; 2858
gold is ready to retest upside buy key is 2878;2882 this resistance breakout so gold pump upside and touching demand zone mind be possible monday gold little go down side and he taking support then he pump upside
support zone 2838.2830
demand zone 2907
please dont forget to like comment and follow
MANAMANA
🚀 Decentraland (MANA/USDT) – The Next Big Move? 🚀
📊 Elliott Wave Analysis (2-Week Timeframe)
MANA is following a clear Elliott Wave structure, and the next major rally could be massive! 🔥
📌 Wave Breakdown:
🟢 Wave 1 & 2 – Early impulse followed by a correction.
🚀 Wave 3 – A powerful bullish wave pushed MANA to its all-time high.
🔻 Wave 4 – A deep correction, forming a channel structure.
📈 Wave 5 (Upcoming Move!) – A breakout towards $7+ is expected!
📍 Key Observations:
✅ Price is currently at the bottom trendline – a critical accumulation zone.
✅ The next move aligns with Wave 3 of a smaller degree, which could be parabolic! 📈
✅ Potential target: $7+ and beyond in the long run.
⚠️ Conclusion: If this structure holds, MANA could be gearing up for a massive breakout soon! 🚀
🔔 Stay tuned for more updates!
#MANA #Crypto #ElliottWave #Trading
Bitcoin RSI Dips Below 30 Again!The above chart highlights Bitcoin's price action alongside the Relative Strength Index (RSI) on a daily timeframe. Historically, every time the RSI dropped below 30, indicating oversold conditions, Bitcoin experienced a price bounce shortly after. The chart marks these moments with blue circles and green arrows, showing clear upward reversals following each dip. Currently, Bitcoin's RSI has once again fallen below 30, with the price around $87,000 after a sharp 10% drop. If past patterns hold true, this could signal an upcoming bullish reversal.
#BTC Bearish Head and Shoulders📊#BTC Bearish Head and Shoulders📉
🧠From a structural perspective, we are currently in the blue resistance zone and have formed a bearish head and shoulders structure, so we need to be wary of the risk of a pullback.
➡️If the price breaks through the inflection point 86516 again, it means that the blue resistance has turned into a support zone. If we can stabilize in this area, a bullish cup and handle structure will be formed, and we can participate in some long trades according to this structure.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:BTCUSDT.P
GOLD may continue to fall after correction to 2876- Gold is trading in a phase of deep correction after reaching local highs.
- The price formed a false breakdown of the key support level, which may indicate the liquidation of weak positions before a possible corrective growth.
- The dollar index (DXY) shows growth, which puts additional pressure on gold.
Liquidation and reaction
- There was a longs liquidation after the double top formation, which triggered an impulsive decline.
- The price tested the liquidity zone near $2852 and formed a rebound.
- A return to 0.5 Fibo ($2876.8) is possible, after which big players may sell the price down again.
- The area of interest of market-makers can be seen around $2852.
- Potential zone for selling is $2876-$2890 area (local imbalance).
- Support: $2852 (liquidity zone), $2825 (next support level).
- Resistance: $2876 (0.5 Fibo), $2890-$2900 (key selling zone).
- Key formations: Double top → decline → false breakdown → formation of “W”-shaped structure.
Conclusion
- Short-term: a pullback to $2876 is possible.
- Long-term: if the price does not consolidate above $2876-$2890, the probability of the downside continuation remains high.
- SMC indicates bearish control until there is a break of the structure on the higher timeframe.
XAUUSD in on falling wedge Market is on bearish selling cycle after break of 2880 structural support, as we we had mentioned in our previous commantary and our 3 trades got impressive results.
What scanario we have?
▪️ currently on Shoter timeframe we have 2860 support to be break after it market with test 2852 D1 support ,if market invalidated the 2854-2852 area then will have liquidity sweep towards 2835 in first attempt and 2820 in extension.
▪️Furthermore, buying is limited if market remains below 2880.
Additionally we have holding our sell trades.
On longer period kindly read the previous commantary.
GBPUSDin gbpusd scene 1 is for sell trade its for enough liquid cover by market so i expect scene 1 create there is high chance for sell by tier 1 so i expect sell trade but today is monday so probably scene 2 too create in market but there is 20% chance for scene 2 and scene 1 create by market has 80% chance so, i recommend scene 1.
Not So Fast, Bitcoin – A Dip Before the Next RallyBitcoin is facing strong resistance at $94,000, making a short-term retracement to $82,000 increasingly likely. A realistic scenario would involve a rebound from GETTEX:82K , forming a W-shaped double bottom that could serve as a foundation for renewed bullish momentum—though this remains speculative.
TSLA at a Major Turning Point! Key Reversal or Breakdown? Mar.3📊 Technical Analysis (TA) for TSLA
* Current Price Action: TSLA is recovering from a downtrend and has entered a reversal zone, breaking out of a descending channel. However, it's facing strong resistance near $298-$300.
* Key Levels to Watch:
* Resistance 1: $298-$300 (Volume Profile POC) – A critical area where sellers may step in.
* Resistance 2: $310 (3rd Call Wall) – Breaking above this could trigger a gamma squeeze.
* Major Resistance: $320-$337 – Strong rejection expected if price reaches this level.
* Support 1: $290 (Volume Value Area Low - VAL) – A pullback could test this before another move up.
* Support 2: $280 (Highest Negative NetGEX / Put Support) – A breakdown below this level could accelerate selling.
* Breakdown Level: $273 – Losing this level could send TSLA toward $250.
📌 Indicators:
* MACD: Bullish crossover, suggesting momentum may continue upward.
* Stochastic RSI: Overbought near 96, signaling a potential pullback before another move.
🔎 Options Flow & GEX Analysis
* GEX (Gamma Exposure) Key Levels:
* 80.77% Call Resistance at $310 → Breaking above could fuel upside momentum.
* 67.72% 2nd Call Wall at $350 → Strong gamma resistance, unlikely to break in the short term.
* Highest Negative NetGEX / Put Support at $280 → If TSLA stays above, dealers will hedge bullishly.
* 3rd Put Wall at $273 → A breakdown here could lead to increased downside volatility.
* 2nd Put Wall at $250 → Below this, expect a sharp sell-off.
📌 IV & Sentiment:
* IV Rank (IVR): 72.8 → High implied volatility, options are expensive.
* IVx Avg: 84.3 → Elevated, indicating large expected price swings.
* Options Sentiment: Calls = 33.8% → Some bullish bias but not extreme.
📈 Trade Scenarios & Strategy
📌 Bullish Scenario (Breakout Play):
* Entry: Above $300 with strong volume.
* Target: $310, then $320.
* Stop Loss: Below $290.
📌 Bearish Scenario (Rejection & Breakdown):
* Entry: Below $290.
* Target: $280 or $273.
* Stop Loss: Above $300.
🔥 Final Thoughts & Suggestion
* TSLA is testing a key reversal zone. A breakout above $300-$310 could push it toward $320+.
* If it fails to hold $290, expect a retest of $280-$273, which is a major support zone.
* Volume and options flow will be key – if gamma levels start unwinding, expect volatility to spike!
🚨 Disclaimer: This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
NEW WEEK TARGET XAUUSD MARKETXAUUSD MARKET CURRENTLY on 2856 according to time frame H4 and my analysis on new week market is bullish trend support level 2836 resistance level 2959 MY TARGET IS 2865 KEEP SUPORT MY CHART
SUPPORT LEVEL .. 2836 If market break the support level then market go on 2800
MY TARGET ... 2865 if market keep go on my target then its go on in 2900 zone
BTC/USDT weekly chart displays an important pattern. Current Price Action: Bitcoin is trading around $92,766.71, a notable position just below the recent highs.
Resistance Area: A clear resistance level is represented by the horizontal line near $100,000. This level has proven difficult to break, and price action will soon determine if it can reclaim this area.
Cup and Handle Pattern: The chart shows a potential cup and handle formation, which could indicate bullish sentiment if the price breaks above resistance. This pattern has a rounded bottom formed in early 2022 and late 2023.
Volume Analysis: It is important to analyze volume alongside price moves. A breakout above resistance will ideally be supported by high volume to confirm strength.
Potential Support Level: If the price pulls back, the green highlighted area provides support, which traders could view as a buying opportunity.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
XAUUSD 2/3/25For this week’s gold chart, we’ve seen a shift in bias, which was unexpected given our strong bullish outlook over the past few months. This could be a temporary pullback, but we will follow it nonetheless. We’re watching the highs for selling pressure—if it appears, we’ll look to sell down to the newly established low we’ve marked as our target.
Gold remains predominantly bullish, and price action tends to move counter to expectations with low pressure, so a return to bullish momentum is likely. However, unless Orion shifts its bias, we will follow the bearish move, potentially into new lows.
Stick to your plan and always follow Orion.
SPX: break of long term trend-lineThe game of nerves could be one of descriptions of developments on the US equity markets during the previous week. It was a heavy week due to a significant drop in the value of the S&P 500 but also other US equity indexes. The index declined about 1% during the previous week, and 1,4% since the beginning of February. Friday brought back significant buyers, where the index managed to end the week at the level of 5.954. The lowest weekly level was at 5.840.
Tech companies were trying to hold, however, the majority ended February in a negative territory. Tesla is one of the most hit companies, with a weekly loss of around 16%. Analysts are noting that this represents the highest weekly loss of TSLA since December 2022. Other large companies also had significant drop, where Nvidia lost around 10%, while Palantir was down by around 19%, after recently reaching the historically highest level. On the other hand, companies within the financial sector performed in a positive manner, rising 1,3% for the week.
When looking at the daily chart of S&P 500, the major support line was clearly breached. This line connects historical lows from October 2023, August 2024 and January 2025. It has been clearly breached on Thursday, however, Friday trading session brought the index back toward this line, but this time from the down side. Whether Friday's positive sentiment will continue is to be seen on Monday. For the moment the US equity market is under strong influence of geopolitical topics and potential trade tariffs. In addition, it should be considered that NFP data will be published in a week ahead, which might influence some higher volatility.
Ethereum Update (1D)We previously analyzed Ethereum and identified the support range at $1750 to $1650. We still consider this area as the support level. However, considering the strength of the bearish waves and the liquidity pools visible on the chart, the price can potentially move towards the specified targets from Demand Zone 1.
After reaching these targets, the price may turn bearish again.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you