MATICUSDTHi guys
I consider the above scenario valid only under the condition of maintaining the support range of $0.6884.
Be careful, we have network upgrade for February 6.
What do you think?
Trend Line Break
RUNEUSDTHi guys
The bearish scenario is valid for us as long as we maintain the $6.24 area. In a way, this price zone is our loss limit.
Pay close attention to negative divergences. We have now reached a daily resistance zone.
What do you think?
BITCOIN → Is a correction before growth possible? New targets?BINANCE:BTCUSD is in a strong growth phase, updating the highs of December 2021. The price does not reach the 53K level and may forge a correction to support before further growth.
Pic: Three key scenarios against the backdrop of a possible correction
Why we should wait for a correction:
Market potential (technical component) may get temporarily depleted and price may forage a correction to support to capture liquidity before rising further.
On the 1-hour chart, the market is forming a consolidation in the range of 51k - 53,500. But at the same time the price bumps into the resistance and starts to feel some pressure from the sellers. There is nothing terrible in it, there is a chance for a technical pullback.
It is worth paying attention to three possible scenarios regarding the correction to the support, indicated on the chart.
In our case, the first liquidity area is the zone: 51256. The breakout and consolidation below the level will form a small liquidation and will be able to reduce the price to 0.236 fibo or to 48435. And the breakthrough of 48435 may provoke rather strong sell-offs. But against the general background it is unlikely. False breakout of one of the mentioned levels followed by consolidation above the level is the main pattern that will resume further growth.
Pic: Bullish trend and key levels and zones
There is an obvious strong bullish trend in the market. The price is overcoming the trend resistance, which technically can accelerate the strengthening phase of the price. But, before further growth, from a technical point of view, the flagman may test the support area (previously broken resistance), and in addition, the counter-trend correction is also a kind of liquidity consolidation. It would be good for the market to form another liquidity pool and local bottom before further growth to 53K, 58K and towards ATH.
Pic: Strong support and resistance levels on high timeframe
Both technically and fundamentally BTC is quite positive. Globally - the price is leaving the 51K - 42K range and thus makes us realize the situation that further promising targets are still ahead.
Fundamental:
- outflows from GBTC have significantly decreased
- total open interest in BTC on major exchanges increased to the highest since April 2022
- net inflows into spot BTC-ETFs have been sustained for 15 consecutive days
- BTC was included in the investor education program
- BTC remains the most discussed token among the crowd
Support levels: 51256, 50986, 0.236 fibo, 48435
Resistance levels: 52884, 53524
CME:BTC1! CRYPTOCAP:BTC CRYPTOCAP:TOTAL
Regards R. Linda!
long stock looks like about to revers after forming base on supp level and also getting supp from weekly trend line clearly. one can go long here as per there risk capacity. its not any buy sell recommendation.
#lindeindia is it ready to shoot ?stock has failed many time in past to sustain above falling trendline breakout but this time it looks promising. as you guys can see its restraining to go below supp.. line and its fundamentals too looks good. it is meeting its estimates from two results. one can add this in watch list. it's not any recommendations or buy/sell advise am not will be responsible for your any lose.
#techmahindra retest entry Setup is really good. on weekly time frame it formed cup pattern and gave break out of it now talking retest of that lvl with good pattern (falling trend line breakout). Technical are really good but fundamental are descent so that why I will say stock is bit risky so keep bit tight sl. Note: this is not any buy/sell recommendation.
Adani power Consolidating for more than 85 DaysAdani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. So, after the BO of this pattern to the upside, we can expect a move of around 30% and can keep a stop-loss below the swing low. NSE:ADANIPOWER
PIIND: Outperformer name in agrochem space
The following stock is largely outperforming the agrochem space
in last couple of weeks its in an uptrend
The agrochem other peers are in downtrend largely
the result were strong and there are high chnaces for the stock to gain market share and become even stronger
coming on technicals, it gave a fake downtrend and emerged stronger thereafter
its trading n an upward slioping trendline
expected target on higher side are
1) 4288
2) 4767
3) 5540
all above with a strict stop below 3250-3230 area
GOLD - Price tests resistance ahead of FOMC meetingOANDA:XAUUSD is testing 2030 and forming a false breakdown. Today the market is waiting for news from the FOMC , where they are likely to discuss inflation, interest rate and may make some statements. At this time the metal price is forming the range of 2030 - 2016
Globally, gold is flat as investors are confused by the US market regulators. But, interest in the metal is still high from the Central Bank, at the same time the GOLD-ETF is caught up in a wave of sell-offs due to the Fed's sharp statement last week about a possible interest rate cut in summer instead of spring.
Technically, gold may head towards 2020, 2016 support from resistance. But, at the time of news, the price may test 2029 and 2037 before further correction to these targets.
Resistance levels: 2029, 2037
Support levels: 2020, 2016, 2004
The market is neutral and the price is moving between strong levels. Most likely, on the background of the FOMC speech, the price may again form a bearish correction after the resistance retest.
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
Small trade opportunity in MRO_TEKSmall trade opportunity in MRO_TEK. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately. It's breakout trade and retest happen on friday.
Target 1: 95
Stoploss: 75
Happy Trading!
Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital.
On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday.
Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning.
Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates.
Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy.
Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week.
He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year.
Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March.
Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
The Dawn of a New Bull Season: BNB's Breakout Towards the FibonaThe Dawn of a New Bull Season: BNB's Breakout Towards the Fibonacci Golden Zone
In the ever-evolving landscape of digital currencies, BNB is currently at the forefront of an anticipated market trend, hinting at the beginning of a new bull season. This potential shift comes after a period where BNB, unlike its rivals BTC and ETH, which have successfully surpassed their Fibonacci Golden Zones, struggled to establish a solid foundation for a bull run. However, the tide seems to be turning for BNB, especially with its valuation against Bitcoin showcasing a significant breakout from its previous downward resistance.
BINANCE:BNBUSDT Couldn't Hold Its Support while BTC and ETH did Hold
Navigating Through the Bear Season
BNB's path through its bear season has been markedly different from that of BTC and ETH. While these cryptocurrencies have managed to breach and advance beyond their Fibonacci Golden Zones, BNB has grappled with establishing a consistent bull season support line. This struggle has been a point of contention for BNB, underlining the significance of its recent move towards the Fibonacci Golden Zone.
BITSTAMP:BTCUSD Broke Its Fibonacci Golden Zone
BINANCE:ETHUSD Broke Its Fibonacci Golden Zone
A Shift in Market Dynamics
The landscape is now changing for BNB. Its recent breakout against Bitcoin's valuation marks a pivotal development, suggesting a robust shift in market dynamics. This breakout from the downward resistance is critical, as it not only signifies a reversal in trend but also sets the stage for BNB to retest its broken trend line. This retest is crucial, as it could potentially catapult BNB into a significant upward trajectory.
BINANCE:BNBBTC Bear Channel Broken
The Importance of the Fibonacci Golden Zone
The Fibonacci Golden Zone plays a vital role in this narrative, serving as a key indicator for potential market reversals. For BNB, approaching this zone is more than a mere technical milestone; it represents a potential turning point that could reaffirm investor confidence and signify the start of a bullish market phase.
Catalysts Behind BNB's Anticipated Breakout
The BNB Chain is setting ambitious goals for 2024 to foster mass adoption across decentralized finance (DeFi), gaming, artificial intelligence (AI), and other decentralized applications (DApps). They aim to enhance performance, introduce "opBNB Connect" for scalability, and focus on applications with the potential for high daily active users. This initiative includes plans to increase the number of active validators from 40 to 100, merge the Beacon Chain for improved blockchain efficiency, and speed up decentralization. The introduction of the "One BNB" concept aims to unify the layer-1 BNB Smart Chain (BSC), opBNB, and Greenfield, facilitating a seamless tech stack for applications to transition to fully on-chain Web3 frameworks. Additionally, BNB Chain will enhance its middleware infrastructure and launch BNB Greenfield 2.0 to improve storage performance and support AI, on-chain gaming, and decentralized social platforms.
The Road Ahead
As BNB moves closer to its Fibonacci Golden Zone and retests its broken trend line against Bitcoin, the anticipation within the crypto community intensifies. A successful retest and potential upward movement could not only validate BNB's market potential but also signal the start of a significant bull run. However, given the volatile nature of the crypto market, caution and thorough analysis remain paramount.
BNB's journey towards the Fibonacci Golden Zone, coupled with its breakout against Bitcoin, marks a potential watershed moment for the cryptocurrency. This movement could redefine BNB's market position relative to BTC and ETH, heralding a new era of growth and market dominance.
This discussion is speculative and intended for educational purposes, providing a hypothetical overview of BNB's market potential. It is not financial advice, and individuals should conduct their research and consult with financial advisors before making investment decisions.
BINANCE:BNBBTC BINANCE:BTCUSDT.P BINANCE:BNBBTC
💡 Advanced Technical Analysis: NRFBUSDT Action 💹📊📈 Get ready to capitalize on a major growth opportunity with NRFBUSDT action. My in-depth analysis, based on Fibonacci principles, reveals key levels indicating significant upside potential.
🔍 Fibonacci Levels:
My Fibonacci study points to critical levels, with crucial buying zones between 0.0006676 and0.0009923. These levels, marked in orange and red, represent potential reversal points based on historical price dynamics. + ≈ 520 %
📊 Technical Analysis:
Technical indicators confirm the strength of this analysis, with emerging bullish reversal signals. Support and resistance levels all support the prospect of imminent upward movement.
🔒 Risk Management:
While the profit opportunity is enticing, prudent risk management is essential. Establish appropriate stop-loss levels and diversify your portfolio to mitigate potential risks associated with any operation.
📈 Future Outlook:
With market fundamentals at play and current trends, NRFBUSDT action presents short-term growth potential. By keeping a keen eye on market developments and adjusting your positions accordingly, you could maximize your returns.
🔍 Conclusion:
NRFBUSDT action offers an intriguing investment opportunity, supported by robust technical analysis on a trendline with stabilization and promising signals
Mirrorporotocol,,, Tecnicall analyst The mirrorprotocol can have a good growth, because it has a divergence in Rsi ,,,, and the trend line is broken on the weekly chart.
GOLD → Growth towards the liquidity area. False breakdown?OANDA:XAUUSD on high timeframes continues to form a sideways movement, but at the same time is in the selling zone. The market is still under pressure from the negative fundamental background.
There is almost no news today, US Leading Index is published at 15:00 GMT and in general, analysts expect bearish data for the dollar.
Gold is in panic zone on H1. The price is trying to go outside the descending channel while the US market is resting. Technically, the MarketMaker has an interest to rise to the area of 2029, as there is a rather large pool of liquidity hiding there.
On the background of a possible strong distribution may form a retest of resistance in the format of a false breakdown, which would mark a further decline from 2029 to 2020-2016.
BUT, consolidation above 2029 will give confirmation of local trend change within the global flat.
Resistance levels: 2023, 2029, 2037
Support levels: 2020, 2016, 2010
A rise towards 2029 may soon follow, a quick move up will allow to reach the liquidity area. But because of this distribution we have a high chance to see a false breakdown of 2029 with further decline to support
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
Capitalizing on a Downward Trend: Using this indicatorDescription:
In this comprehensive analysis, I'll walk you through my thought process and strategy for identifying a potentially lucrative short-selling opportunity on the NQ ticker, leveraging the insightful "Custom EMA with Color Fill" indicator by Pablo The Transparent Trader. This indicator has been specifically designed to cater to the needs of swing traders, providing a clear visual representation of market trends and momentum through a color-coded Exponential Moving Average (EMA) and a distinctive color fill between the EMA line and the current price.
The Hypothesis:
My strategy hinges on a simple yet powerful observation: if the current 2-day candle on the NQ ticker closes below the trendline and beneath the EMA—specifically within the red background of the indicator—it signals a strong bearish momentum. This scenario suggests that it may be an opportune time to consider a short position (you could consider using inverse ETFs instead of shorting).
Entry Strategy:
Upon the 2-day candle's closure below the critical levels mentioned, I plan to enter a short position. This decision is backed by the indicator's visualization, where a red EMA line and a red fill between the price and EMA indicate a downward trend, suggesting that the market might continue to move lower.
Risk Management:
To safeguard the trade against unexpected market reversals, I will set my stop loss just above the most recent high. This placement ensures that my trade is protected from significant losses should the market direction change unexpectedly.
Profit Taking:
In terms of profitability, I aim for a 2 to 1 ratio between my risk and reward. This means that for every unit of risk I take, I expect to gain twice as much in return. This risk-to-reward ratio is not only a testament to the strategy's potential profitability but also underscores the importance of disciplined risk management.
Indicator Insights:
- Configurable EMA: The ability to adjust the EMA length allows for flexibility in analyzing different time frames, making this indicator suitable for various trading strategies.
- Visual Trend Indicators: The color-coded EMA line, alongside the color fill, offers immediate insights into the market's direction. A red EMA and fill signify a downtrend, guiding traders towards short-selling opportunities.
- Trend Strength and Entry Points: The distance and the color fill between the price and the EMA provide valuable information on the trend's strength and potential entry points. A wider gap suggests a strong trend, while a narrowing gap could indicate a trend reversal.
In conclusion, the "Custom EMA with Color Fill" indicator is not just a tool for visualizing market trends; it's a comprehensive strategy guide for swing traders looking to capitalize on short-term market movements. By following the outlined strategy, traders can make informed decisions, backed by a clear understanding of market dynamics and a disciplined approach to risk management. Whether you're a seasoned trader or new to the scene, this analysis should provide you with a solid foundation for navigating the NQ ticker's volatile waters.
World gold price continues to decline sharply, long-term sellingWorld gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning.
Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain stuck in a range with support at $2,000 an ounce and resistance around $2,050. ounce.
Last week, both consumer and producer prices rose more than expected, putting pressure on gold. The published report shows that the threat of inflation is still persistent.
Although gold is stuck, some analysts still emphasize the importance of this precious metal. According to market analyst James Hyerczyk of Fxempire.com, precious metals are still an important safe haven asset when developments in the Middle East are increasing geopolitical instability.
He attributed gold's recent recovery to a weakening dollar and fears of rising tensions in the Middle East, which have helped boost gold's status as a haven asset. Safety is preferred.
Some other opinions believe that the possibility that the US Federal Reserve will loosen policy this year is also a supporting factor for gold and this precious metal to break out when the first round of policy easing takes place. .
GOLD → Retest of downtrend resistance. Low volatility on Monday FOREXCOM:XAUUSD is redeeming part of the fall that occurred on Tuesday. The price is testing trend resistance amid the correction, but the negative fundamental background is still in place.
There is no news today, as the USA is celebrating the President's Day.
Technically, buying back positions is not an uncommon maneuver from a market maker who has the task to get back some liquidity from speculators who had time to open trades in the right direction. Also, the area of 2029 is an attractive zone and we have a high enough chance to retest this resistance.
But, after breaking through the channel resistance, there is no upward impulse, which would indicate a change of trend. XAU is currently in a narrow consolidation and may soon test the 2016 support and the previously broken channel boundary. If a false break of trend resistance is formed, a sell-off phase towards 2000-1998 will begin.
Resistance levels: 2020.9, 2023, 2029.4
Support levels: 2016, 2015, 2011
The price is in the 2020.9 - 2016 consolidation. A break of one of the boundaries will give temporary potential. If resistance is overcome, price will head towards 2029.4 before falling further. But, a breakout of 2016-2015 will form a phase of decline to the mentioned targets on the chart
TVC:DXY COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
XAUUSD TRADE IDEAThis analysis is of two different scenarios we might get a sell signal has a break and retest to the downside, we might also get a breakout of the trendline and retest to keep the uptrend going.
Aarti share sleeping giant CE1200Aarti share price Target -- 1200 in 3-4 month
Equity share - buy at same price
Option trader wait for slight correction if occur -- take CE strike price you want in March month and sell in expiry date
For chart analysis comment me in this post.
TRX NEW ENTERY VOLUMEThank you for reading this update.
TRX seems to have entered a new volume trend which we will follow for confirmation.
We will see if it's able to be confirmed in the coming time frames.
TRX can have a slow volume. known from slow building trend.
GOLD → Correction against the background of a bearish trend FOREXCOM:XAUUSD on Thursday is buying back some of the decline after bouncing off support. The market is under selling pressure and strong ETF selloffs are contributing to the downtrend.
Price is testing strong resistance that was broken on inflation related news. But the fall is being redeemed on the back of lower than expected Initial Jobless Claims, the dollar index seems to be forming a small rebound on the strengthening.
Technically, as gold is forming a correction to resistance, this key resistance could be 2004, 2009. A false breakdown and retest of this area could form the potential for further declines, as the generally negative fundamental background for gold remains.
Resistance levels: 2004, 2009
Support levels: 2000, 1998, 1990, 1986
On the background of correction, the price may test the resistance before further decline, as it is the decline that should be considered at the moment on the background of the downtrend
TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Regards R. Linda!
