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Trend Line Break

BITCOIN → High risk. Falling towards 70K or rising towards 100K?BINANCE:BTCUSD is forming a correction phase after Powell's speech last week. If the price goes beyond the accumulation boundaries, there will be a risk for a strong fall as the price is approaching the panic zone... Bitcoin is still in high demand, but private traders are going into a phase of profit taking after negative news, while institutional traders are taking advantage of the moment and buying the asset at a cheap price. But it doesn't mean anything. Fundamentally, Trump gives a big chance to the cryptocurrency market, but after winning the presidential election the excitement starts to fade and then the risk of revaluation increases. If the market does not get what it was promised, a deep correction may occur. Also, the Fed played a negative role last week: slowing down the rate cuts and negative tone about the strategic reserve and reluctance to have BTC on their balance sheet. Technically, despite the breakout of the ascending channel support, the price is still inside the 99K - 86K consolidation Resistance levels: 99300, 103600 Support levels: 91780, 86700, 82700 The price is approaching the support. If the market keeps the price in this zone, bitcoin will have a chance to recover to 100K. But, if the fight for 86-84K zone starts, then everything will depend on the general market background, a negative background can provoke a breakdown of strong support and the price will fall into the void zone... Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
15
GOLD → A reversal pattern for a further fallFX:XAUUSD is consolidating below the key point - 2620. Against the backdrop of a strong and growing dollar, gold has a chance to test local lows Gold price gains are likely to remain subdued as the US dollar continues to be supported by the hawkishness of the Federal Reserve at its December meeting. Trump's protectionist policies are fueling inflation expectations, setting the stage for higher interest rates. In addition, amid Christmas holidays and reduced trading volumes, market participants are inclined to maintain positions in the US currency. Thus, gold is still seen as an attractive instrument to sell in case of attempts of its recovery, except for cases of sudden geopolitical aggravations, for example, in the regions of the Middle East or Eastern Europe. Resistance levels: 2620 - 2622, 2633 Support levels: 2606, 2590 Emphasis on 2622. If the bears keep the price below this zone, it is worth looking at local support levels, as a breakdown of these levels will only strengthen the fall to 2600-2560. Regards R. Linda!
FX:XAUUSD
by RLinda
7
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025: Click chart above to see the detailed analysis👆🏻 So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish. Levels to watch: $220 Keep your long term vision, Philip (BasicTrading)
NASDAQ:GOOGLLong
by basictradingtv
10
GOLD → Correction before further declineFX:XAUUSD is testing the zones of interest within the counter-trend correction after it managed to break a rather strong level earlier. The fundamental background is not very good, there is bearish pressure on the market. The negative impact on gold is built around the hawkish stance of the Fed (inflation, Trump's future policy and the economic data of the last two weeks). The cycle of interest rate cuts may slow to 2 rate cuts for 2025. Friday's correction is mainly due to PCE data, but I don't think it will change the global picture. Towards the end of the year, it is logical to reduce liquidity in the markets, which could increase mispriced volatility in the market. Be careful! The gold market is still supported by the conflict in the Middle East and Eastern Europe. Technically, price is forming a flag after a strong decline. At the moment the price is inside the pattern and for trading it is worth paying attention to the boundaries of the local channel. Resistance levels: 2620, 2631, 2640 Support levels: 2606, 2560 Emphasis on 2620. If the bears break the level and keep the defense below the level, it can generally increase the pressure, which will provoke the price drop. But I do not rule out an attempt to break the channel resistance and retest 2640-2650 before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone. The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair. The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO. Technically, against the background of a strong rallying dollar, the euro has almost no chance. If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term. Resistance levels: 1.0448, 1.053 Support levels: 1.033, 1.022 At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline. Regards R. Linda!
Short
by RLinda
1
GBP/USD at a Critical Support Level: What comes next?The GBP/USD pair has fallen more than 7% since September 26, 2024, largely in response to the strengthening of the USD following Donald Trump's recent victory in the US presidential election. However, it appears that GBP/USD has found significant support on the daily chart, forming a double bottom pattern in the 1.2500 region. This level has been an important reference point throughout 2023 and is poised to act as support once again. Confluence of Factors Several elements suggest a potential upward movement in GBP/USD: 7% Decline Without Significant Retracement: The pair has seen a substantial decline since September without any meaningful pullbacks. Key Support Region: The price has touched an important support level on the daily chart. Double Bottom Formation: The emergence of a double bottom pattern on the daily chart adds further support to the bullish hypothesis. Considering these points, a long setup could be contemplated if the candle on the daily chart for December 23 closes above the high of the preceding candle. This would create a bullish Engulfing Pattern, which is often viewed as an ignition signal and a buying opportunity. Potential Targets for a Long Trade 1.2800: This target is a previous resistance point that previously hindered further price increases. It also represents a round number, offering approximately 180 pips from the entry point. 1.3000: Another significant resistance level and round number, approximately 380 pips from the entry point. Stop Loss A suitable stop loss could be placed slightly below support on the daily chart at around 1.2470, providing a distance of approximately 150 pips from the entry point. Alternative Scenario Should GBP/USD break below the support level on the daily chart, the next downward movement could see it fall to the 1.2330 level, where it may find another area of support. Impact of Economic Data: UK GDP and US Consumer Confidence The upcoming release of UK GDP data should be closely monitored, as it is a critical indicator of the health of the UK economy. If the reading comes in lower than expected, the market may speculate that the Bank of England (BoE) could be forced to cut interest rates to stimulate growth, potentially leading to a depreciation of the Pound. Meanwhile, US Consumer Confidence data is likely to affect market volatility as household consumption accounts for approximately two-thirds of GDP. A reading that exceeds expectations could indicate strong consumer confidence in the economic outlook, which might lead to inflationary pressures and prompt the Federal Reserve (Fed) to consider raising interest rates, thereby strengthening the USD. As the GBP/USD pair approaches a crucial support level, the technical indicators suggest a potential for upward movement. However, traders should remain vigilant of the upcoming economic data releases and consider how they might influence market dynamics. Combining technical analysis with fundamental insights will enhance the likelihood of making well-informed trading decisions during this pivotal moment. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
GOLD → Short to medium term perspectiveFX:XAUUSD after breaking through the support and updating the local minimum is returning to the area of 2620-2625, fueling the hopes of the bulls for possible growth. But, the medium-term picture for gold is not stable. Let's understand The strong dollar, which soared to local highs is a threat to gold going forward, as the Fed's hints of halting the rate cut course and adopting a hawkish stance on monetary policy has affected the market quite aggressively. There are 2 rate cuts pledged for 2025. Not to forget Trump's policies in general - the impact on rising inflation.... There are two interesting charts online that should not be overlooked: Statistics play an important role in shaping prices, but it is worthwhile to base this on actual fundamental and technical data. You should not use these statistical charts as primary data, but you can take them into account. We will analyze the dollar in terms of cycles and possible reversal in the second half of January and further as Trump acts.... As for gold, technically, in the short and medium term, I expect the decline to continue for the following reasons: - the bearish structure is confirmed - a localized retest of the zone of interest and imbalance is forming before a further fall. - The bearish trend has not broken within the framework of the December 10-13 movement. - price updates local lows We continue to follow the zones: 2631-2636 and 2650 Regards R. Linda!
FOREXCOM:XAUUSDShort
by RLinda
14
PNUTUSDT → Double bottom. One step away from a rally BINANCE:PNUTUSDT.P accumulates good potential for possible growth by 30-50%. After a strong fall (Dump), a reversal pattern appears on the chart. Against the background of bitcoin standing still, pnut forms a double bottom and enters the rally phase. There is resistance at 0.75 ahead. If the coin can break this zone and keep the defense above the level, the coin can fly to 1.0 in the short to medium term. Resistance levels: 0.75, 1.0 Support levels: 0.6 If the bulls can overcome the strong resistance of 0.75 and can consolidate above this area, we have a great coin with good upside potential. Primary target is 1.0, next targets are 1.15, 1.35. Regards R. Linda!
Long
by RLinda
5
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
ETHEREUM → Consolidation after a bearish trend breakBINANCE:ETHUSD is consolidating within the flat boundaries of 4085 3530. In general, there is a bullish trend, the fundamental background is also favorable except for yesterday's news, which creates a small risk... The price is at a strong resistance between 4090 and 4100 and it will take a lot of energy to break this area. Yesterday's news was generally controversial but with a negative bias. Despite the decline in interest rates, there were strong hints of stopping the decline and taking a hawkish course. Bitcoin is giving a small correction against this backdrop, which is negative for altcoins. Ethereum technically did not break the bullish structure, a very strong support area of 3530 - 3440 is formed on the chart and with high probability a retest is possible, a liquidity grab with the aim of further growth. There are risks for further fall, they can be taken into account, but we can consider an attempt of growth as a priority. Resistance levels: 4086, 4100, 4372 Support levels: 3530, 3440, 3261 Since the price is inside the consolidation, our strategy is simple - trading from the channel boundaries. Accordingly, based on the current situation, we should consider a retest of support before further growth. Regards R. Linda!
Long
by RLinda
5
NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing. The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562. Resistance levels: 0.577, 0.5817 Support levels: 0.575, 0.562 I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562 Regards R. Linda!
Short
by RLinda
2
AUDNZD strong bullish expectations AUDNZD pair which I am watching last 5 months, other my analysis on AUDNZD are attached, plus I am attach and CADCHF analysis its interesting to look, its almost same based on SYMMETRICAL TRIANGL. AUDNZD price is make bounce on trend line, its break upper trend line-SYMMETRICAL TRIANGL, plus CHANNEL on 4h TF is visible and its also breaked. Technicalls on medium and long term are strong bullish, when take all this parameters i am here still bullish. SUP zone: 1.09200 RES zone: 1.11500, 1.12400
Long
by DepaTrading
USDJPY → Consolidation of price in the sell zoneFX:USDJPY reaches a strong resistance at 153.87 within an uptrend. Will this direction continue, as the Fed rate meeting is ahead.... Fundamentally, today is a big day for the markets. At 19:00 GMT the Fed rate meeting, where with a 93% probability the decision to cut interest rates by 0.25% will be made, which will make the dollar less attractive, but for how long, given Trump's policy? Accordingly, the dollar is in a consolidation phase, traders are waiting. If the dollar starts a downward correction, it will affect the currency pair accordingly. But I do not exclude that on the background of high volatility the price may form a retest of resistance and a false breakout. Resistance levels: 154.95, 156.75 Support levels: 151.44, 159.69 At the moment, after the retest of 0.79 fibo and the key resistance at 153.877, the price is consolidating in the selling zone. The fundamental background may increase the pressure, which may lead to a fall. Regards R. Linda!
Short
by RLinda
5
WHERE DO YOU THINK SOLANA WILL GO?Solana's price chart tells a powerful story, featuring a symmetrical triangle that will trigger a volatility surge. The recent consolidation phase showcases strong bullish sentiment, with higher highs and higher lows. The 5EMA lines provide a solid foundation, supporting price movements reliably. As the price approaches the 12-period EMA, it outperforms longer-term averages, highlighting the impressive strength of the uptrend. This mirrors the 2020 crypto market surge, where similar technical indicators signaled a robust upward trend. The MACD indicators offer a balanced view, reflecting short-term momentum and subtle divergences that demand attention. The CM Ult MACD takes a neutral stance, warning of a potential slowdown in the upward trend, reminiscent of the cautious optimism seen during the 2017 crypto bull run. Volume will dictate the next move. A significant increase in volume during an upward breakout will confirm bullish expectations, similar to the 2021 surge of theuron (URNT), where rising volume drove the token's value. Weak volume will raise concerns, echoing the 2018 crypto market downturn. The $300-$500 target range is within reach, provided the triangle's upper boundary is breached decisively. The broader crypto market recovery, similar to the rebound following the 2018 crash, supports this outlook. Stay vigilant. Watch for breakouts accompanied by rising MACD and volume, like the 2021 Dogecoin (DOGE) surge. If bearish forces gain momentum, the lower triangle boundary and the $177-180 range will provide crucial support, similar to the $100 support seen during the 2020 Bitcoin (BTC) correction. Solana's bullish traits dominate this consolidation phase, echoing the optimism of the 2021 crypto market boom. The forthcoming pattern resolution will determine its next significant move, and traders must prepare for either outcome. IF BREAK OUT OCCURS WITH HUGE VOLUMES YOU CAN SEE A SURGE OF $150 TO $300 IN MID TERM HOLDING .
Long
by PROFITPULSE10X
Is AUD/NZD Ready to Resume the Downtrend on the Daily Chart?Context on AUD/NZD Technical Factors On July 30 and November 22, the AUD/NZD pair encountered significant resistance, reaching the 1.1150 level. The price's failure to break above this resistance has resulted in the formation of a double top on the daily chart. The candle on November 22 also indicated a false breakout of this resistance, signalling a notable influx of selling pressure. On November 29, AUD/NZD broke below its nearest uptrend line on the daily chart, prompting a decline to 1.0925 before recently rebounding to 1.1050, the level where the uptrend line was breached. The current price level of 1.1050 aligns with the 50% Fibonacci retracement of the recent decline and represents the same area where the uptrend line breakout occurred. This suggests that once support is broken, it may serve as resistance going forward. Key Elements of Analysis for AUD/NZD: Double Top Formation: Indicates buyers’ inability to maintain prices above 1.1150. Break of the Uptrend Line: Confirmed decrease in upward momentum. Fibonacci Confluence: The breakout level coincides with the 50% Fibonacci level of the recent downtrend. Possible Short Entry Given this confluence of factors, there is a possibility that AUD/NZD may resume its downward movement in the coming days, especially if the price manages to close below 1.1000 on the daily chart. Possible Targets: The next support levels that could serve as potential targets include: 1.0880: This level acted as support in August and September, representing an approximate target of 120 pips. It is also in line with a rising trend line established since March 2020. 1.0780: This level was a support point on September 9, offering a potential target of approximately 220 pips. Alternative Scenario: Bullish Reversal An alternative scenario may unfold if the AUD/NZD breaks and closes above 1.1065 on the daily chart. In this case, the price could continue to rise towards historical resistance at 1.1150. A successful breach of this level could see the pair advance towards the next resistance at 1.1250. Important Considerations Investors should pay close attention to the upcoming release of New Zealand GDP data on December 18, as this could significantly impact the AUD/NZD pair. Additionally, key news concerning the Trade Balance for NZD should also be taken into account. In summary, AUD/NZD is at a critical juncture, with technical indicators suggesting the potential for a downward move. Traders should closely monitor price action, particularly around the 1.1000 level, while remaining aware of upcoming economic data that could influence the market. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Short
by Marketscom