Japanese Yen Index The trend is your friend until it ends.
As you can see Japanese Yen Index is still on a Up trend.
Key level break out and retest.
Support line of Bullish pattern break out and retest.
Trend Lines
Dollar index " BUY "The trend is your friend until it ends. As you can see Dollar Index is still on a Up trend.
Key level break out and retest.
Support line of Bullish pattern touch 3 times.
Fibonacci level 0.786.
TLRY watch parallel channel, 1.54 reclaim will start the bullTLRY is consolidating in the downward parallel channel, break of this channel and $1.54 reclaim will be the start of the bull run.
PEPE Deep dive before pumping? To what price?CRYPTOCAP:PEPE Script: A potential deep dive might be on the horizon before the next pump.
Right now, it’s forming a structure that looks a lot like the pattern we saw from March to May, which I’ve marked as points 1 to 7.
Both of these structures showed up after breaking out from the near-end of a symmetrical triangle.
Currently, we’re sitting at point 6.
Using Fibonacci retracement, we can estimate how deep the dip might go.
Last time, it reached Fib 1.618. If history repeats itself, PEPE could pull back to around 0.00009485.
This potential drawback would also break the uptrend line, which could shake market confidence and flush out weaker hands—perfect for accumulating liquidity to fuel a future price surge.
I’ve already set a buy order at this level, just in case this scenario plays out.
Of course, this is just one potential script among many. I’ll share more as they unfold.
Follow me for more insights and updates! 😊
Cocoa UK Commodity Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Cocoa UK Commodity Quote
- Double Formation
* (Uptrend Argument)) | Completed Survey
* 2X Pattern Structure | Combo Feature & Entry Bias | Subdivision 1
- Triple Formation
* Numbered Retracement | 0.786 & 1 | Subdivision 2
* Trendline 1&2 | Neutral Bias | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Copper possible rebound over Fibonacci resistanceCopper has been moving quite in accordance with Fibonacci (two different traces).
The general trend is bearish, so the most probable outcome is a rebound on the Fibonacci resistance.
We will wait for confirmation - rebound and closed daily candle below the resistance.
USDCAD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
1.39318 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 1.34185 on 09/25/2024, so more gains to resistance(s) 1.44670, 1.46000, 1.46900 and more heights is expected.
Supports and Resistances:
1.46900
1.46000
1.38884
1.38168
1.37487
1.36876
1.36072
1.35404
1.34323
1.33664
1.31816
1.30929
__________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 BOOST button,
. . . . . . . . . . . Drop some feedback below in the comment!
🙏 Your Support is appreciated!
Let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
#BNXUSDT - Expecting price decline📉 SHORT BYBIT:BNXUSDT.P from $0.4377
🛡 Stop Loss: $0.4502
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:BNXUSDT.P experienced a sharp pump, but after reaching $0.4735, signs of buyer exhaustion appeared.
➡️ The $0.4377 level now acts as a key resistance area. If the price fails to hold above it, a downward move is expected.
➡️ POC at $0.3045 confirms a high-liquidity zone, which could serve as a deeper retracement target.
➡️ High volume on recent candles suggests profit-taking by buyers, increasing the probability of a decline.
⚡ Plan:
➡️ Enter SHORT from $0.4377 if the price confirms rejection at resistance.
➡️ Risk management through Stop-Loss at $0.4502, above key selling pressure.
🎯 TP Targets:
💎 TP1: $0.3941 — first profit-taking level.
🔥 TP2: $0.3600 — next major support zone.
🚀 BYBIT:BNXUSDT.P Expecting a reversal and price decline!
📢 After a sharp price surge, BYBIT:BNXUSDT.P is showing weakness around $0.4377. It’s crucial to monitor this level for potential rejection.
📢 If the price breaks below $0.3941, further downside movement is likely, targeting $0.3600. However, if the price climbs above $0.4502, the short scenario could be invalidated.
BTC/USDT another leg down to 93K?It seems that BTC is about to make a decision: Either go down towards 93K, or break downtrend.
Bitcoin Dominance | Leading Alt Season? Or Continuation Decline?| CRYPTOCAP:BTC.D | 🔎 Weekly Analysis
As you may know. alt seasons depend on a decline in BTC.D.
BTC.D is calculated as the ratio of Bitcoin’s market capitalization to the total market capitalization of the digital asset space. When BTC.D falls, it indicates that capital is flowing out of Bitcoin into altcoins or stablecoins such as USDT, USDC, RLUSD and others.
••• BTC Dominance (BTC.D) during past alt season.
⏪ Now that we understand what BTC.D is, let's examine its behavior during previous alt season. As marked in the chart, BTC.D has experienced an uptrend. After a breakout, it pushed to new high within the upward channel, and as expected, a reversal occurred! (Price Action Rules)
••• Current state of BTC.D.
▶️ After a significant spike, it is currently following an upward channel.
A spike followed by a channel pattern is a common price action occurrence.
As Marked in the chart, similar to previous alt seasons, BTC.D has experienced a breakout from the upward channel and has pushed to new high. Therefore, we can expect a potential reversal!
🔳 Final words
Is it time to buy some altcoins? If you ask me, it's not yet time to invest. We cannot predict whether a reversal is happening or not. Since we avoid taking unnecessary risks, we should wait for clear sign of reversal in the BTC.D
❤️🔥 Thanks for reading my idea!
Bearish Outlook for ENA: Potential Downward TrendHello everyone! 👋
I hope you're all doing well. I wanted to share my thoughts on ENA and provide my perspective on the current market situation. Here's my outlook:
The price of this coin is exhibiting signs of weakness, suggesting it may face further downward pressure. Recent price action has broken through key support levels, while momentum indicators are pointing to a continuation of the prevailing downtrend.
If the broader market sentiment remains negative, we could see further declines toward the next major support zones. While potential rebounds are always a possibility, the overall trend currently appears to favor the bears.
Stay vigilant and manage your risk accordingly.
Best regards! BINANCE:ENAUSDT
GE Aerospace Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# GE Aerospace Stock Quote
- Double Formation
* (Consolidation Argument)) | Complete Reversal Area
* ABC Flat Feature | Continuation Entry | Subdivision 1
- Triple Formation
* Pattern Reversal | Uptrend Bias & Entry | Subdivision 2
* Numbered Retracement | Long Entry & Supported Survey
* Daily Time Frame | Trend Settings Condition | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BTC: possible reversal in sight.85K is the 0.5 fibbonachi level measuring from the breakout of downtrend in Nov 24 to ATH. There is a liquidity Zone between 86-89K.
Fair Value Gap between 77-85K
Next liquidity Zone @ 74-76K. Which also marks the 0.5 fibbonachi from the swing low in Aug 24 to peak. 74K is also the previous ATH meaning that there are 3 points of confluence.
Believe that the whales could grab liquidity Zone 1, move easily through FVG, grab the 2nd lot of liquidity before seeing a reversal to the upside.
A touch on the uptrend and moves to "oversold" on RSI would add further confluence.
A long entry @ 75K could be favourable.
If this pattern plays out it would be a -24% drawdown on BTC and alts are correlated by roughly 2:1 therefore a move down for alts of 50% could be on the cards.
Bitcoin has always peaked in November or December of the year following the halving event. And it is believed that we could see a big, brief move down in Feb before seeing a new ATH printed Nov-Dec 25.
$Vine I’m usually not a trader of meme coins but this project has a deeper value appeal. Vine creator @Rus on X along with many X.com devs have provided enough clues to suggest the return. Kraken initial description is also bullish . For the time being, I’m bullish and believe we break out to the top here
STMX bullish setupSTMX has a support level between 0.002 and 0.00375. Breaks above downtrend would be bullish. TPs @ 0.09 and 20.00
Rush Street Interactive Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Rush Street Interactive, Inc. Stock Quote
- Double Formation
* (Uptrend Argument)) At 7.50 USD | Subdivision 1
* 012345 Wave Count | Entry Feature Survey
- Triple Formation
* ABC Flat Wave Continuation | Subdivision 2
* Numbered Retracement | Uptrend Bias | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
GBP/AUD 2 Day AnalysisPrice may have made a lower high at the 78.6% Fibonacci level.
Any sell setups may lead to further downside in line with a correction in the parallel channel.
The first target could be 1.9596 where price most recently found support.
The second target could be the base of the channel or the -27% Fib extension.
Nucor Corporation Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Nucor Corporation Stock Quote
- Double Formation
* A+ Set Up)) At 203.00 USD | Subdivision 1
* 012345 | Wave Count & Entry Feature
- Triple Formation
* ABC Flat Wave | Downtrend Continuation | Subdivision 2
* 1.618 Area | Retracement Short Set Up | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
How to determine trend line in trading?Determining a trend line in trading is a fundamental skill used to identify the direction and strength of a price trend. Here's a step-by-step guide to drawing and interpreting trend lines:
1. Understand the Basics of a Trend Line
A trend line is a straight line that connects two or more price points on a chart, extending into the future to act as a line of support or resistance.
Uptrend Line: Connects higher lows in an upward trend (acts as support).
Downtrend Line: Connects lower highs in a downward trend (acts as resistance).
Sideways/Ranging Market: Price moves horizontally, and trend lines may not be as effective.
2. Identify Key Price Points
For an uptrend, identify at least two higher lows (swing lows) and draw a line connecting them.
For a downtrend, identify at least two lower highs (swing highs) and draw a line connecting them.
The more times the price touches the trend line without breaking it, the stronger and more valid the trend line is.
3. Draw the Trend Line
Use a charting platform to draw the line manually.
Connect the swing lows for an uptrend or swing highs for a downtrend.
Ensure the line is not too steep or too flat; it should reflect the natural slope of the price movement.
4. Validate the Trend Line
A valid trend line should be touched by price at least three times. The more touches, the more reliable the trend line.
If the price breaks the trend line significantly, it may indicate a potential trend reversal or weakening of the current trend.
5. Use Trend Lines for Analysis
Support/Resistance: In an uptrend, the trend line acts as support. In a downtrend, it acts as resistance.
Breakouts: A break below an uptrend line or above a downtrend line may signal a trend reversal or continuation, depending on the context.
Trend Strength: A steep trend line may indicate a strong trend, while a shallow one may suggest a weaker trend.
6. Combine with Other Tools
Use trend lines in conjunction with other technical indicators (e.g., moving averages, RSI, MACD) to confirm trends and potential entry/exit points.
Look for volume confirmation: Increased volume during a breakout or bounce off the trend line adds validity to the signal.
7. Adjust as Needed
Trend lines are not static. As new price data comes in, you may need to redraw or adjust the trend line to reflect the current market conditions.
Example:
BTC has touched the line that I've drawn multiple time so It is a reliable Bullish Trend line. The next Possible connection can be around 93.5k! the line also acts as a support.
By mastering trend lines, you can better identify potential trading opportunities and manage risk effectively. Always practice on historical data and use proper risk management techniques.
Bitcoin Dominance Pumping , Is the Altcoin Market in Trouble ?Bitcoin dominance has broken a significant resistance level, signaling a shift in market dynamics. The previous double top formation has completely failed, and dominance is now sustaining above the prior highs. This development has bearish implications for altcoins, as Bitcoin's growing market share typically leads to capital outflows from the altcoin sector.
Key Points on the Chart
Double Top Failure & Breakout Confirmation
The market was previously forming a double top pattern, a classic reversal setup that often signals a potential decline.
However, BTC dominance not only broke the double top resistance but has held above it for multiple days, confirming bullish continuation.
A failed double top often results in a strong move upward, as short-sellers covering their positions add to the momentum.
Ascending Channel Structure
The chart shows BTC dominance moving within a rising wedge/ascending channel formation.
The breakout above the mid-channel resistance suggests an acceleration in trend strength, increasing the likelihood of BTC dominance rising further. As long as dominance stays within this structure, Bitcoin will likely outperform the altcoin market.
Key Support & Resistance Levels
56.44% level was a major resistance in the past and is now a confirmed support zone.
61.91% (current level) marks the breakout region, now acting as new support.
If dominance continues its uptrend, the next potential resistance area could be 66%–68%, marking the upper boundary of the trend.
Impact on Altcoins
Altcoin Weakness Likely to Continue
Historically, when BTC dominance increases, altcoins tend to bleed as capital rotates toward Bitcoin. Many altcoins may struggle to gain momentum unless BTC dominance reverses from this region.
Conditions for Altcoin Recovery
For altcoins to regain strength, BTC dominance must decline from this breakout zone.
A rejection from the upper trendline (~64%–66%) could create a temporary relief rally in altcoins.
Altcoin Seasonal Trends
Typically, altcoins start recovering once BTC dominance peaks and shows weakness.
Until then, Bitcoin remains the safer bet, while altcoins carry higher risk.
Trading Considerations & Strategy
For BTC holders: The breakout suggests strong dominance continuation, meaning Bitcoin may remain the best-performing asset in the short term.
For altcoin traders: Monitor Bitcoin dominance closely a drop back below 60% would be the first sign of relief for altcoins.
For market timing: If BTC dominance approaches 64%–66%, a potential rejection could provide entry points for altcoins.
Bitcoin dominance has broken a crucial structure, signaling altcoin weakness and Bitcoin strength. Until BTC dominance reverses or consolidates, altcoins may struggle to gain momentum. Watch the 64%–66% zone for signs of exhaustion if BTC dominance starts rejecting from there, it could mark the beginning of an altcoin resurgence.
Gold’s Bearish Path: Temporary Bounce Before Deeper Drop!Gold is bearish!
On the 4-hour timeframe, I expect gold to first drop to the 2800 zone (EMA 89), then reject from this level and make a short bullish move towards 2850, before continuing its decline down to 2730 (EMA 200).
Bodycote PLC Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Bodycote PLC Stock Quote
- Double Formation
* A+ Set Up)) | Completed Suvey | Subdivision 1
* 012345 | Wave Feature & Entry Bias
- Triple Formation
* Trendline 1&2 | Triangle Pattern | Subdivision 2
* 1.618 Area | Retracement | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
