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USOIL: Key Levels and Trend Direction AnalysisUSOIL Analysis The price has stabilized above the pivot line and closed the daily candle above it, indicating a continuation of the bullish trend gradually toward 75.35. A retest of 72.75 is possible before pushing up again. On the other hand, a 4-hour candle closing below 72.74 would confirm a bearish trend, targeting 71.78. Key Levels: Pivot Line: 73.40 Resistance Levels: 74.40, 75.35, 76.10 Support Levels: 72.74, 71.78, 70.50 Trend outlook: Bullish: While above 72.75 Bearish: If 72.74 is broken
TVC:USOILLong
by SroshMayi
SHIB is ready to fly!Hello, Traders! After setting a local high above the $0.000033 price level, SHIB entered a correction phase and is currently trading just above the $0.00002 level—approximately 35% lower than recent highs. This correction may represent a compelling buying opportunity for mid-term investors, as SHIB appears to have found its local bottom and shows signs of potential upward movement. Yesterday's price action was particularly noteworthy: the price did not dip below the previous low, indicating a higher low, and the daily close remained above a critical support area. These are bullish signals, suggesting that the correction phase might be coming to an end, with SHIB gearing up for a potential rally. The first key milestone for SHIB in the short term will be to rise and hold above the $0.000025 level. Achieving this would confirm the recovery momentum and open the door for a retest of the recent highs around $0.000033. Beyond that, if SHIB breaks past this resistance with strong volume, it could signal the start of a larger bullish trend, potentially targeting new highs. For those seeking to capitalize on this opportunity, now could be the time to closely monitor SHIB price action and consider accumulating on dips, especially while it consolidates near $0.00002 level. As always many depends on BTC and BTC.D as it remains to be the main driver for altcoins. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
2
HelenP. I Bitcoin can make small move up and then drop to $90KHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price declined to the resistance 1, which coincided with the support zone, and then at once rebounded and started to grow. BTC in a short time rose to a 2nd resistance level, which coincided with the resistance zone, and then made at once small correction. After this movement, BTC turned around, quickly broke the 97300 level, and even rose slightly higher than the resistance zone. Price so long trades near this area and later made impulse up to trend line. When it reached this line, BTC turned around and started to decline inside the pennant pattern. In this pattern, Bitcoin soon broke the 97300 resistance level, made a retest, and continued to decline to resistance 1. After the price reached the 93200 level, it broke it and fell to low points of the pennant (91185) after which it turned around and quickly rebounded up, breaking the 1st resistance level one more time. Next, the price some time traded near this level and then reached the trend line, after which it dropped back. Recently, the price broke the 93200 level one more time, thereby exiting from the pennant and now I expect that BTCUSDT will make a small movement up and then continue to decline. For this case, I set my goal at 90000 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
8
Market Analysis: NVDAMarket Analysis: NVIDIA Over the past three to four months, NVIDIA Corporation ( NASDAQ:NVDA NVDA) has demonstrated solid performance, with its stock price increasing by approximately 4.96%. This steady growth reflects the company’s strong position in the technology sector, driven by its dominance in GPU production, AI advancements, and cloud computing. The release of its latest financial results and continued demand for AI-related technologies have kept investor confidence high. However, market volatility and broader concerns in the tech sector may have tempered the pace of its gains. Overall, NVDA remains a key player to watch, especially as AI adoption accelerates globally. Why has the title been stuck in the same range for over 90 days? Let's always keep in mind that NVDA, from the low it reached in 2022, has now experienced an increase of about 1200%, so a sideways phase is completely normal, if not expected! Let’s take a look at the chart since May 25, 2023 (599 days // 317%) We can observe how the uptrend has always been accompanied by a very important trendline, which has now been retested and invalidated, all marked by a particularly unfavorable signal: a candle that opens higher, setting a new all-time high, and closes in the negative. Nonetheless, NVDA has consistently exhibited a similar pattern – large uptrends, leaving gaps open almost everywhere, and long sideways phases, which usually lead to a breakout driven by earnings announcements. Let’s look at the examples the market provides us: We have the first upward move (1st), driven by earnings results that cause a gap up of about 20%, followed by a wide trading range in which the price remains trapped. Later (2nd), a strong bullish phase, and finally another sideways phase (3rd), all with very wide ranges! Now, the current zone is a difficult one to analyze because initially it seemed to be a bullish zone, but now appears to be more of a consolidation… So, the situation we find ourselves in now is another moment for a buy or a trend change? Let us know your thoughts in the comments!
NASDAQ:NVDA
by TIMINGTRADE
ETHUSDT potential short-term correctionThe ETHUSDT market has recently experienced a decline, testing the key psychological level of 3000. Although it briefly broke below the previous support level, it soon retraced. Despite this, there are no clear signs of bullish momentum in the area, suggesting a potential lack of strong buying interest. This could lead the market to establish a range zone for accumulation. The market is likely to consolidate near this support level, with the range zone serving as both support and resistance. It is anticipated that the price could reverse and retest the 3000 level. On the daily timeframe, the price appears to be forming an ABCD pullback, which implies the market might dip below the 2900 level. A similar pattern was observed earlier in 2024. The focus remains on the support zone near the 3000 level
Short
by RTED_Investing
BTCUSDT soon below 90K(Below that support is extremely bearish)As we said before here price stop multiple times from falling with 90K support zone and soon after more sell open with whales and ... and also more buy open with new investors with leverage market will get ready and have the potential to start it is first phase dump and correction to the downside like the red arrows mentioned on the chart. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Short
by MMBTtrader
18
Bitcoin Market Update•Bitcoin recently experienced a liquidity grab to the downside, touching a key support level. At this stage, it’s important to wait for confirmation of a bounce through bullish candlestick patterns, RSI divergence, or increased volume. •A break above local resistance or a successful retest of the support level would signal a potential reversal, providing an opportunity to enter the market with appropriate risk management, such as placing a stop-loss below the recent swing low and targeting prior resistance zones or Fibonacci levels.
by Eliebf13
Gold Breakout and Retest in Play"This chart shows **gold's (XAU/USD)** price action on the **2-hour timeframe** with some key elements: OANDA:XAUUSD 1. **Break of Structure (BoS) and Change of Character (ChoCh):** - Upward trendlines marked multiple BoS points, indicating higher highs and higher lows during the uptrend. - A significant **ChoCh** occurred after the upward trendline broke, suggesting a potential shift to a bearish trend. 2. **Breakout Zone:** - The price broke below a key support area (gray box) and is now testing it as a resistance. This retest aligns with classic breakout-and-retest strategies. 3. **Projection:** - The chart suggests a bearish move as the retest is expected to hold. The blue arrow projects a potential decline in price, with targets likely around **$2,650** or lower. **Summary:** This setup indicates a bearish sentiment. If the price fails to break above the resistance zone during the retest, it could confirm the downward move. Key levels to watch are the resistance zone around $2,670–$2,680 and potential targets around $2,650 and below.
OANDA:XAUUSDShort
by TRADE_CENTER_1
GBP/JPY 4H: Reversal Signals and Trading StrategiesOANDA:GBPJPY GBP/JPY 4H: Reversal Signals and Trading Strategies The chart shows the GBP/JPY currency pair on a 4-hour timeframe. The chart is filled with various technical indicators and annotations, including trend lines, Fibonacci retracement levels, volume profile, and momentum indicators. The price action is marked with terms like BOS (Break of Structure), ChoCH (Change of Character), and other annotations indicating significant price movements and potential reversal points. The chart also includes a Relative Strength Index (RSI) at the bottom and a volume histogram. Analysis: Price Action and Trend Lines: The price has been moving within a descending channel, indicated by the blue parallel lines. There are multiple BOS and ChoCH annotations, suggesting significant shifts in market structure. The recent price action shows a potential reversal from the lower boundary of the descending channel. Fibonacci Retracement: Key Fibonacci levels are marked, with the 0.618 level at 192.753 and the 0.382 level at 191.875. The price is currently testing the 0.618 Fibonacci retracement level, which is a critical resistance point. Volume Profile: The volume profile on the right side shows high trading activity around the 194.197 level, indicating strong resistance. Lower volume nodes around 192.247 suggest potential support. Momentum Indicators: The RSI is currently around the 30.31 level, indicating oversold conditions and a potential for a bullish reversal. The volume histogram shows decreasing bearish momentum, supporting the potential for a reversal. Buy Strategy: Entry: 192.247 (current price level) Take Profit 1 (TP1): 194.197 (previous high and volume resistance) - approximately 195 pips Take Profit 2 (TP2): 196.000 (next significant resistance level) - approximately 375 pips Stop Loss (SL): 190.080 (below recent low and support level) - approximately 217 pips Sell Strategy: Entry: 194.197 (if price fails to break above this resistance) Take Profit 1 (TP1): 192.247 (current support level) - approximately 195 pips Take Profit 2 (TP2): 190.080 (next significant support level) - approximately 411 pips Stop Loss (SL): 196.000 (above recent high and resistance level) - approximately 180 pips
by Alexgoldhunter
BULLISH REVERSAL SETUP SEEN IN HBL ENGINEERING LTD📊 StockTrade Setup Details Name: NSE:HBLENGINE HBL Engineering Ltd. Exchange: NSE (National Stock Exchange, India) 📈 Current Market Price (CMP): ₹527.85 💡 Key Levels: 🚀 Entry Point: ₹494.40 Buy when the price reaches this level (near support). ❌ Stop-Loss (SL): ₹472.25 Exit if the price drops below this level to minimize losses. 🏁 Take-Profit (TP) Levels: TP1: ₹518.65 🏆 (First conservative target). TP2: ₹594.40 🥈 (Moderate profit zone). TP3: ₹702.50 🥇 (Aggressive target for maximum gain). ⚖️ Risk-to-Reward Ratio (RRR): Risk: Entry to SL: ₹494.40 - ₹472.25 = ₹22.15 Reward: TP1: ₹24.25 ➡️ RRR ~ 1:1.1 TP2: ₹100.00 ➡️ RRR ~ 1:4.5 TP3: ₹208.10 ➡️ RRR ~ 1:9.4 📈 Technical Observations 📉 Trend Analysis: A sharp bearish move recently (large red candle). Anticipating a bullish reversal from the support zone. 🛠️ Support Levels: Zone: ₹472 – ₹494 SL is placed slightly below this zone for risk management. 📏 Resistance Levels: TP1: ₹518.65 TP2: ₹594.40 TP3: ₹702.50 Extended Target: ₹740.35 📊 Volume: Moderate to high volume shows active trading interest. 🔴Disclaimer: I am not a SEBI-registered advisor. Investments and securities are subject to market risk. Please Read carefully this idea.This analysis and the suggested levels are for educational purposes only Trade responsibly and at your own risk. If you find this analysis helpful, please like and share @Alpha_strike_trader
NSE:HBLENGINELong
by Alpha_strike_trader
USDJPY InsightHello, subscribers! Great to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The likelihood of the Federal Reserve holding interest rates steady has risen, pushing the U.S. 10-year Treasury yield above 4.8% for the first time since November 2023. - China’s central bank and foreign exchange regulators announced an increase in foreign currency borrowing limits to defend the yuan’s value. - In Japan, inflationary pressure is mounting, with rice prices surging 63% due to supply shortages. Additionally, base wages have seen their largest increase in 32 years, raising the prospect of a rate hike. Key Economic Events This Week + January 14: U.S. December Producer Price Index (PPI) + January 15: U.K. December Consumer Price Index (CPI), U.S. December Consumer Price Index (CPI) + January 16: U.K. November GDP, Germany December Consumer Price Index (CPI), U.S. December Retail Sales + January 17: U.K. December Consumer Price Index (CPI) USD/JPY Chart Analysis The price action seen in the 156–158 range is gradually expanding, with highs recently reaching the 159 level. Currently, the pair has retreated back to the 156 level, suggesting that a clear directional move may soon emerge. 1. If the pair breaks above 159, we anticipate an uptrend toward 162. 2. Conversely, if it falls below 156, a decline to 154 appears likely.
Long
by shawntime_academy
XAU/USD - Weekly Analysis - Jan 13-17, 2025Overall Trend: The PEPPERSTONE:XAUUSD pair has been riding a bullish trend over recent months, with gold prices hitting all-time highs in September 2024 near $2,635 per ounce. Currently, the pair remains above the 50- and 200-period moving averages, reinforcing the continuation of the upward trajectory. Key Support and Resistance Levels: Support: $2,657 : Now acting as a key level after previously serving as strong resistance during pullbacks. $2,621 : A previously identified support zone during price corrections. Resistance: $2,723 : A significant resistance zone, historically alternating as support and resistance since October 2024. $2,750 : Found at the lower boundary of the premium zone but would require a break of the descending trendline and the resistance above. Technical Patterns and Indicators: Candlestick Patterns: Recent bullish candlestick formations like "marubozu" and "bullish engulfing" indicate strong buying pressure. RSI (Relative Strength Index): The daily RSI is hovering near the overbought zone (above 59), signaling potential for pullbacks or consolidation. SMC (Smart Money Concepts) and Wyckoff: The current structure aligns with an accumulation phase, suggesting a high probability of a subsequent bullish breakout, consistent with Wyckoff principles. Key Fundamental Drivers: US Monetary Policy: The Federal Reserve's recent half-point rate cut has added upward momentum to gold prices. Geopolitical Tensions: Ongoing conflicts in the Middle East and other regions are boosting demand for safe-haven assets like gold. Economic Data: Upcoming US economic reports, including Q4 GDP and the PCE Price Index, could sway market sentiment and drive volatility. Jan 14 - 1:30 pm GMT 0 - Producer Price Index (PPI): ECONOMICS:USPPIMM Jan 15 - 1:30 pm GTM 0 - Consumer Price Index (CPI): ECONOMICS:USIRMM ECONOMICS:USIRYY Jan 16 - 1:30 pm GMT 0 - Retail Sales ECONOMICS:USRSMM and Unemployment Claims $ ECONOMICS:USIJC Potential Scenarios: Bullish Scenario: If XAU/USD breaks above the descending trendline at $2,688, the price could target the $2,723 zone and, with enough momentum, push towards $2,750. Bearish Scenario: In the event of corrections, the pair may find support at $2,657, or in the case of a deeper pullback, near the base of the expansion channel at approximately $2,621. Seasonal Considerations: Historically, the start of the year tends to be favorable for gold due to increased demand for safe-haven assets and portfolio rebalancing by institutional investors.
PEPPERSTONE:XAUUSD
by JoaoZarate