Get started

Trend Analysis

Fed Rate Expectations: How Are They Formed?Changes in the Federal Reserve's funds rate have far-reaching implications for nearly all existing assets. When the rate increases amidst moderate inflation, the U.S. dollar TVC:DXY typically strengthens, attracting capital from both the cryptocurrency and stock markets. Conversely, if inflation is rising rapidly and the Fed is compelled to aggressively raise rates to stabilize the economy, investors often interpret this as a sign of underlying trouble, prompting them to shift their assets into TVC:GOLD . However, it is essential to recognize that the Fed’s decisions are reactions to prevailing economic conditions. More crucially, market expectations regarding the Fed's rate movements—shaped by collective sentiment—play a significant role in shaping economic outcomes. This post explores the factors that form these expectations. 📍 Key Indicators Influencing Expectations for the Fed Funds Rate The market tends to respond significantly only when actual changes in the funds rate diverge from expectations. If adjustments align with market forecasts, the exchange rate of the U.S. dollar typically remains stable. Thus, accurately predicting the Fed's actions is vital for investors and traders. 1. Labor Market Dynamics The labor market is a primary focus for the Fed. The Bureau of Labor Statistics (BLS) releases employment reports every Friday, providing insight into unemployment rates. The Fed maintains a forecast range for acceptable unemployment levels—generally between 4.2% and 4.8%—indicating economic balance. An uptick in unemployment signals economic weakness, often prompting a reduction in the funds rate. Conversely, a decline in unemployment raises concerns about potential economic overheating, which could lead to tighter monetary policy. 2. Inflation Trends The Fed’s target inflation rate is set at 2%. As inflation rises, the Fed typically increases the funds rate to curb borrowing. This was clearly illustrated during the 2022-2023 period, where persistent inflation above 8% led to a series of rate hikes. In contrast, deflation would necessitate maintaining ultra-low funds rates. Additional indicators to monitor include wage trends, inflation expectations, and the consumer price index (CPI). 3. Overall Economic Health Gross Domestic Product (GDP) is a key indicator of economic health. Although GDP data is often retrospective, it reflects long-term economic trends. A decline in GDP may prompt the Fed to adopt stimulative monetary policies. Analysts often utilize the GDPNow model, developed by the Federal Reserve Bank of Atlanta, to obtain real-time estimates of U.S. GDP growth. 4. Treasury Yield Curve The yield curve illustrates the relationship between bond yields of different maturities from the same issuer. A flattening yield curve typically signals economic slowdown, while long-term bonds yielding less than short-term bonds can foreshadow a recession. The Fed could respond to such signs by adjusting funds rates higher depending on the crisis’s underlying causes. 5. Global Economic Influences Economic conditions in other major economies, particularly China and the European Union, can indirectly impact the U.S. economy due to deep economic ties. Monitoring central bank funds rates and the Purchasing Managers’ Index (PMI) in these regions is essential. 6. The Dollar’s Exchange Rate Against Key Currencies A strong U.S. dollar can adversely affect American exporters. If other central banks, such as the Bank of Japan or the European Central Bank, adopt accommodative monetary policies, the Fed may also consider lowering rates to avoid a detrimental trade balance caused by a strengthening dollar. 7. Market Expectations Investor sentiment creates a feedback loop. With over 50% of Americans investing in equities, a hawkish stance on funds rates tends to increase bond yields and instigate a sell-off in securities, negatively impacting overall economic wealth. Investors’ anticipation of potential rate cuts can pressure the Fed to align with these expectations. 8. Communication from Fed Officials The rhetoric from Fed officials often hints at future monetary policy, providing insights into rate expectations based on their communications. Numerous indicators, including analysts’ forecasts and futures trading on key rates, contribute to understanding the Fed's policies. Due to the complexity of these influencing factors, relying solely on fundamental analysis for trading is not advisable for beginners. 📍 Conclusion Forecasting changes in the Fed's funds rate often begins with the first clear signals about the Fed's potential actions. The primary motivations guiding the Fed are the control of inflation and the management of unemployment—making these two indicators crucial for predictions regarding monetary policy. Additionally, it is essential to consider fundamental factors impacting other major currencies. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
3
XAUUSD LONG SETUPHey guys here is my first idea on gold, kindly share your opinion about chart. According to me it is possible that Gold can go for long because from last couple of days we have scene gold is going for long slowly . so its posible that gold first repects support and then break the resistance and then it will touch 2650 .. Keypoints entry point 2614 support zone 2614/2616 resistance zone 2629/2631 Remember that First target is 2629/2631 Kindly Like My charts And Follow me for latest updates On gold….
CAPITALCOM:GOLDLong
by Elliana_17
Yen Struggles as Investors Question BoJ's Rate Hike ProspectsThroughout the first half of the European trading session on Monday, the Japanese Yen continues to struggle against the US Dollar, with the exchange rate slipping to 0.006436 as I write this article. Investor skepticism regarding the Bank of Japan's (BoJ) potential for further interest rate hikes plays a significant role in this downward trend. This uncertainty, combined with an overall positive market sentiment, is putting pressure on the traditionally safe-haven Yen. Moreover, the recent widening of the yield gap between US and Japanese government bonds—intensified by the Federal Reserve's hawkish stance—further contributes to the Yen's decline. As the Fed signals a more aggressive monetary policy, the lower-yielding Yen becomes less attractive to investors. In terms of market outlook, we are anticipating a continuation of this bearish trend for the Yen against the Dollar. USD/JPY Previous Idea as reference: ✅ Please share your thoughts about JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6J1!Short
by FOREXN1
1
US30 - Sell Limit Opportunity After Liquidity GrabThe US30 index has reached a key liquidity zone above resistance, setting up a compelling sell limit opportunity. This price action suggests the market has cleared stop-losses and may be primed for a bearish reversal. Key Observations: Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers. Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement. Optimal Entry: A sell limit at aligns with the liquidity grab and the anticipated reversal zone. Trade Plan: Entry: Sell limit at , expecting a move downward from the liquidity zone. Stop Loss: Above the liquidity sweep to protect against false breakouts. Take Profit: Targeting support levels around for a strong risk-reward ratio. Risk Management: This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.
OANDA:US30USDShort
by Vusizwe_Capital
Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Target Levels: 1st Support – 2.1983 2nd Support – 2.1860 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Ethereum’s Resilience Amid Justin Sun’s $143M ETH Sell-OffEthereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, faces a challenging period as Tron's Justin Sun continues his massive ETH sell-off. Despite these bearish signals, Ethereum has managed to hold a critical support zone, maintaining market confidence. Let’s delve into the technical and fundamental aspects of the current ETH landscape. Justin Sun’s ETH Selling Spree: A Bearish Catalyst Justin Sun, the founder of Tron, has been systematically reducing his Ethereum holdings. Recent blockchain analytics reveal that Sun sold 39,999 ETH (worth $143 million) via Lido Finance and EtherFi, subsequently depositing the proceeds into HTX. Since November 10, Sun has offloaded a total of 108,919 ETH, valued at $400 million, at an average price of $3,674. With 42,904 ETH ($139 million) still in the process of unstaking, more selling pressure could loom on the horizon. These actions have amplified concerns among investors, with Ethereum experiencing a 17% dip after failing to breach the $4,000 resistance level. Analysts predict further downside potential, with prices possibly dropping below $3,000 before any significant recovery. Ethereum’s Technical Outlook - Price: $3,347.81 (up 2.13% intraday) - Relative Strength Index (RSI): 40.88, indicating weak momentum but improving from a recent low of 35. - On-Balance Volume (OBV): Stable, suggesting buying pressure has not fully diminished. Ethereum is currently trading in a consolidation zone, showing resilience despite external pressures. Immediate support lies near the one-month low of $3,100, a critical level for maintaining bullish sentiment. Resistance Levels - Key Resistance: $3,700 (short-term breakout zone). - Ultimate Resistance: $4,000 (bullish threshold for a sustained rally). Breaking above $3,700 could signal a bullish reversal, while a move past $4,000 would reinforce Ethereum’s upward trajectory. Bearish Factors - Whale Activity: Continued sell-offs by major holders like Justin Sun. - Market Sentiment: Bearish outlook fueled by Ethereum’s inability to hold $3,500 support. Bullish Indicators - Resilient Buyers: Recent buyers remain in profit, offering support to the market. - Volume Analysis: Despite low weekend trading volume, the market has shown signs of consolidation. Market Sentiment and Outlook Ethereum’s price action reflects a market grappling with external pressures and internal resilience. While Sun’s sell-off has intensified bearish sentiment, Ethereum has managed to stabilize above critical support zones. Short-Term Prediction - If selling pressure persists: Ethereum may test $3,000 support. - If bullish momentum builds: Breaking $3,700 could lead to a retest of the $4,000 level. Conclusion Ethereum remains at a pivotal point. While whale sell-offs, particularly from Justin Sun, pose challenges, the technical outlook shows signs of stability and potential recovery. For traders, monitoring key levels—$3,000 for support and $3,700-$4,000 for resistance—is crucial in navigating this volatile phase. As the crypto market matures, Ethereum’s ability to weather external pressures will define its long-term value proposition. Stay informed and prepared for both opportunities and risks ahead.
BINANCE:ETHUSDLong
by DEXWireNews
ILVUSDT: A High-Stakes Moment for Traders - Illuvium◳◱ On the BINANCE:ILVUSDT chart, the Td Sequential pattern suggests momentum building up for a significant move. Traders might observe resistance around 53.59 | 67.39 | 90.06 and support near 30.92 | 22.05. Entering trades at 40.77 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Illuvium ▣ Rank: 267 ▣ Exchanges: Binance, Kucoin, Gateio, Mexc, Hitbtc ▣ Category / Sector: Media and Entertainment - Gaming ▣ Overview: Illuvium is a decentralised game studio that merges the worlds of gaming and cryptocurrency. The game studio is building an open-world RPG adventure game on the Ethereum blockchain that allows players to collect, exchange and battle NFT assets. ◰◲ Technical Metrics : ▣ Current Price: 40.77 ₮ ▣ 24H Volume: 4,601,102.937 ₮ ▣ 24H Change: -1.212% ▣ Weekly Change: -24.25%% ▣ Monthly Change: -12.83%% ▣ Quarterly Change: 7.46%% ◲◰ Pivot Points : ▣ Resistance Level: 53.59 | 67.39 | 90.06 ▣ Support Level: 30.92 | 22.05 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: 0.36 ▣ Last 90 Days: 0.73 ▣ Last Year: -0.42 ▣ Last 3 Years: -0.70 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.37 ▣ Last 90 Days: 1.19 ▣ Last Year: 1.03 ▣ Last 3 Years: 0.98 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ILVUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
USDCAD Will Move Higher! Buy! Please, check our technical outlook for USDCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.437. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.445 level soon. 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!
Long
by SignalProvider
1
Are We on the Verge of a Major FXSUSDT Shift? - Frax Share◳◱ On the BINANCE:FXSUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 3.366 | 4.186 | 5.572 and support near 1.98 | 1.414 | 0.028. Entering trades at 3.383 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Frax Share ▣ Rank: 275 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Financial - Stablecoins ▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS. ◰◲ Technical Metrics : ▣ Current Price: 3.383 ₮ ▣ 24H Volume: 47,158,096.844 ₮ ▣ 24H Change: 34.299% ▣ Weekly Change: 0.52%% ▣ Monthly Change: 29.85%% ▣ Quarterly Change: 71.48%% ◲◰ Pivot Points : ▣ Resistance Level: 3.366 | 4.186 | 5.572 ▣ Support Level: 1.98 | 1.414 | 0.028 ◱◳ Indicator Recommendations : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 1.04 ▣ Last 90 Days: 1.40 ▣ Last Year: -0.92 ▣ Last 3 Years: -0.04 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.45 ▣ Last 90 Days: 1.10 ▣ Last Year: 0.96 ▣ Last 3 Years: 1.13 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:FXSUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
WHAT MOVES LIES AHEAD OF GOLD?FUNDAMENTAL VIEW It’s a quiet week on the economic calendar as the holiday spirit takes center stage, but gold remains in focus. What moves lie ahead for the precious metal? From a fundamental perspective, the FED’s recent 25bps rate cut, paired with a cautious stance on future rate changes, has influenced gold prices. Furthermore, softer U.S inflation data for November has also weakened the dollar and lowered Treasury yields. Hence providing support for gold. This week, markets will keep an eye on U.S. consumer confidence data later today at 7 PM GMT+4. Tomorrow, December 24, 2024, key releases include Core durable goods, durable goods, new home sales, and the Richmond manufacturing index. On Thursday, the weekly unemployment claims are expected, with a forecast of 218K. These and other economic indicators could impact gold prices, given their inverse relationship with the dollar. TECHNICAL VIEW On the daily timeframe, the price is struggling and currently trading below the 50 period EMA at $2,640.493, showing a -28% decrease today after a brief uptick during the Asian session, following significant losses last week. The price is currently leaning bearish, with a potential target at $2,582.181. If this level is broken, the next support targets could be $2,553.488 and $2,489.954. Alternatively, if bullish momentum takes over, the price could rise to $2,655.962, followed by $2,722.389 and then $2,787.129.
CFI:XAUUSD
by CFI
Crypto Total Market Cap Excluding Top 10 VIEW FOR 2025 I'll analyze the key data points and patterns from this cryptocurrency market cap chart: Key Market Data: 1. Opening Price Range: ~225.94B 2. High: ~338.55B 3. Low: ~117.39B 4. Current Price: ~329.83B 5. Change: +3.84B (+1.18%) 6. Volume: 32.33B Historical Pattern Analysis: 2021: - Started with steady uptrend - Reached first major peak around May-September - Volume during peak: 431.43B - Price level: 343.46B (266.71% growth) 2022: - Significant downtrend throughout the year - Market bottomed out around mid-2022 - Consolidation phase began 2023: - Marked by 343.46B level (464.19% reference) - Generally sideways movement with gradual accumulation - Started showing recovery signs in late 2023 2024: - Strong upward momentum - Current resistance level: 651.91B (marked as "SELL ATLS HERE PLEASE") - Volume at recent peak: 73.16B - Shows bullish trend with higher lows Technical Indicators: 1. Major Resistance: 651.91B 2. Key Level: 343.46B (multiple touches) 3. Current Support: ~329.83B 4. Volume Profile: Decreasing from 2021 peak (431.43B) to current (73.16B) Market Structure: - Long-term downtrend line (yellow) from 2021 peak - Current price action showing potential breakout - 16-bar cycles marked at key points - Market showing 107.62% growth potential to target Future Projections (based on chart): - Resistance target: 651.91B - Time projection: Extended into 2025 - Potential breakthrough of long-term downtrend line This analysis suggests we're in a significant accumulation phase with strong upward momentum, breaking previous resistance levels and showing signs of a potential larger market cycle beginning.
CRYPTOCAP:OTHERSLong
by Supachai-Taechapisit
Gann Analysis for FTX Token (FTT/USDT) on a Daily TimeframeHello Dear Traders, Long Term Cycle Target = 9 More Details: --- ### **1. Overview of the Chart** - **Asset:** FTX Token (FTT) against Tether (USDT). - **Timeframe:** Daily. - **Gann Levels and Geometry:** The chart shows a Gann square configuration with critical price and time intersections, highlighting significant support and resistance zones. --- ### **2. Key Observations** 1. **Current Price:** **3.2805 USDT** (up by **10.45%**). 2. **Major Levels Based on Gann Angles:** - **0° = 1 USDT:** A strong foundational support level. - **45° = 1.5625 USDT:** Intermediate support; historically relevant. - **90° = 2.25 USDT:** Another significant support area, which has held well during recent price action. - **180° = 4 USDT:** A critical resistance level that may act as a near-term target for bulls. - **225° = 5.0625 USDT:** Resistance on the mid-term horizon. - **360° = 9 USDT:** A long-term bullish target if momentum sustains. 3. **Price Interaction with Gann Levels:** - The price has recently bounced off the **90° level (2.25 USDT)** and is heading towards the **180° level (4 USDT)**. - Gann diagonals (green and pink lines) indicate potential reversal zones depending on their intersection with price action. --- ### **3. Scenarios and Predictions** #### **Bullish Scenario:** - **Condition:** A strong breakout above **180° = 4 USDT**, confirmed by sustained price action and volume. - **Targets:** - **First Target:** **225° = 5.0625 USDT.** - **Second Target:** **315° = 7.5625 USDT.** #### **Bearish Scenario:** - **Condition:** A rejection at the **180° resistance** and a breakdown below **90° = 2.25 USDT.** - **Targets:** - **First Target:** **45° = 1.5625 USDT.** - **Second Target:** **0° = 1 USDT.** --- ### **4. Recommendations** - **Short-Term Traders:** - Look for bullish confirmation if the price breaches **4 USDT.** - Set stop-loss levels slightly below **90° = 2.25 USDT** to minimize downside risks. - **Long-Term Investors:** - Monitor the interaction at **180° and 225° levels**. - Accumulate cautiously near support zones like **90° or 45° levels** for a favorable risk-to-reward ratio.
by Magic_xD
ZECUSDT: What the Market Is Whispering About Today - Zcash◳◱ On the BINANCE:ZECUSDT chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 66.05 | 73.53 | 93.48 and support near 46.1 | 33.63 | 13.68. Entering trades at 59.68 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Zcash ▣ Rank: 121 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Payments - Currencies ▣ Overview: Zcash is a privacy-preserving cryptocurrency providing anonymous value transfer using zero-knowledge cryptography. The protocol provides the option for transactions to be either shielded, in which case they will be completely anonymous, or transparent, in which case they will be visible on the Zcash blockchain. Zcash pays out a portion of its block rewards, called the "Founder's Reward", to fund protocol development. It currently allocates the Founder's Reward to the Electric Coin Company and the Zcash Foundation who develop and steward the Zcash protocol respectively. ◰◲ Technical Metrics : ▣ Current Price: 59.68 ₮ ▣ 24H Volume: 26,131,359.620 ₮ ▣ 24H Change: 8.786% ▣ Weekly Change: 4.11%% ▣ Monthly Change: 23.08%% ▣ Quarterly Change: 106.32%% ◲◰ Pivot Points : ▣ Resistance Level: 66.05 | 73.53 | 93.48 ▣ Support Level: 46.1 | 33.63 | 13.68 ◱◳ Indicator Recommendations : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 2.32 ▣ Last 90 Days: 2.64 ▣ Last Year: 1.06 ▣ Last 3 Years: 0.01 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.50 ▣ Last 90 Days: 1.17 ▣ Last Year: 0.94 ▣ Last 3 Years: 0.88 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ZECUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
"BTC/USD Price Action Analysis: Key Resistance Levels Ahead""Hello Traders, Here's my latest analysis of Bitcoin (BTC/USD) using price action techniques. The market has recently shown a significant downward move, but there is a potential for recovery based on the current structure. Key Levels Identified: Support: $95,548 Immediate Resistance: $102,826 Major Resistance: $107,841 Scenario Overview: Based on the current price action, I anticipate a potential bullish reversal from the $95,548 support level. The market may test the resistance levels at $102,826 and then move towards $107,841. Trade Plan: Entry: Around $96,000 (upon confirmation of reversal) Stop Loss: Below $95,000 Take Profit 1: $102,826 Take Profit 2: $107,841 The yellow horizontal lines represent key support and resistance zones, and the projected white path shows my anticipated price trajectory. This analysis is not financial advice; it's for educational purposes only. Feel free to share your thoughts in the comments and let me know your perspective!"
Short
by Tradeaione