📈GAL Weekly Analysis: Bullish Breakout Opportunities🛸👨🚀🔍In the weekly timeframe, GAL has broken its trend line and completed its first bullish leg, reacting to resistance at 3.904.
🕯The weekly candlestick is deemed reliable, indicating an influx of buyers into this coin.
⚡️Indicators such as SMA7 and SMA25 have crossed after breaking their respective trends, confirming the upward momentum. Currently, SMA7 is providing strong support for the price, with the last candlestick also offering significant price support.
🛒The optimal time for buying is during this candle, with the initial target set at 10.181, representing a potential 140% increase.
💥However, it's worth noting that the RSI has been in overbought territory for a prolonged period, suggesting a potential correction may be on the horizon.
📊The trading volume of the coin has remained relatively stable since its launch, providing limited insight.
📚Regarding the project itself, further research on Galexe can be conducted. Galexe serves as a community platform for various projects, offering infrastructure for new ventures.
🎈By incorporating this information, traders can make informed decisions regarding GAL investments.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Volumeanalysis
BAT Weekly Analysis: Seizing Entry Opportunities🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity.
✅Additionally, the presence of a curvature line suggests a diminishing bearish trend, ultimately breaking the upward support, further bolstering the bullish sentiment.
🛒However, it's essential to acknowledge that the primary trend trigger rests at 0.4522. Although entering trades with the current candle presents an enticing opportunity, it also carries elevated risk, potentially exceeding acceptable loss thresholds. Nevertheless, capitalizing on the strength of this candle for buying purposes is a viable strategy.
🛑Setting a maximum of 1% capital allocation for trades without stop-loss and considering a range of 0.2 for stop-loss trades is advisable to manage risk effectively.
💥RSI resistance at 61.24 has been breached, confirming overbought conditions and supporting the bullish bias.
📰Fundamentally, BAT is the token associated with the Brave browser. Considering the browser's potential for growth, investing in its token could be lucrative.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
GMXUSDT Faces Retest of Weekly Resistance: Breakout or RejectionGMXUSDT is poised for a retest of a critical resistance level on the weekly chart at $59.3517. This resistance zone has been tested seven times on the daily chart, with the last two attempts accompanied by decent buying pressure.
Technical Analysis:
Resistance: $59.3517 (Weekly)
Support: $40.1870
Volume: Increased buying pressure on recent touches of resistance
Key Observations:
GMXUSDT is approaching a crucial resistance level on the weekly chart. A breakout above this level could signal further upward momentum.
The repeated tests on the daily chart, particularly with the recent buying pressure, suggest a potential upcoming breakout.
If the price manages to overcome the resistance, the next resistance level on the daily chart is $71.745.
Conversely, if the price fails to break above resistance, it could find support at $40.1870.
Conclusion:
The upcoming price action for GMXUSDT hinges on its ability to overcome the key weekly resistance level. A successful breakout could lead to a surge towards $71.745, while a rejection might trigger a pullback towards the $40.1870 support zone.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
INJUSDT Poised at All-Time High: Breakout or Breakdown LoomsINJUSDT is on the verge of a critical juncture, approaching its all-time high of $43.35 on the daily chart. The price has been consolidating recently, attempting to break above this resistance level four times.
Technical Analysis:
Resistance: $43.35 (All-Time High)
Support: $32.23
Relative Strength Index (RSI): Supported at 50
Volume: Increasing volume coincides with attempts to break resistance
Key Observations:
INJUSDT is facing a significant hurdle at its all-time high. A breakout above this level could signal further upward momentum.
The price has been consolidating recently, suggesting a potential period of indecision before the next directional move.
The RSI remains at a neutral level (around 50), offering no clear directional bias.
Increasing volume during the recent price attempts at the resistance level indicates strong buying pressure, potentially aiding a breakout.
If the price fails to break above resistance, it could find support at $32.23.
Conclusion:
The upcoming move for INJUSDT hinges on its ability to overcome the all-time high resistance level. A successful breakout could lead to further gains, while a rejection might trigger a pullback towards the $32.23 support level.
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Stock Market Logic Series #2How to know when a correction is a real correction and a fake reversal?
Paying attention to this will give you confidence in going SHORT.
Schema is self explanatory.
Magic Stalls at Resistance: Bearish RSI, Potential Retest LoMagic is on the cusp of a critical resistance level at $1.4973. While the price recently established a new high, a potential bearish signal is emerging from the Relative Strength Index (RSI).
Technical Analysis:
Resistance: $1.4973
Support: $1.2646 (Daily: $1.2613, Monthly: $1.0208)
Relative Strength Index (RSI): Bearish Divergence (New price high, lower/same RSI level)
Volume: Recent price test at $1.4973 coincided with decent buying pressure
Key Observations:
The RSI is indicating a bearish divergence. This suggests that the uptrend momentum might be weakening despite the recent price increase.
A significant support level exists at $1.2646 if the price breaks below $1.4973. Additional support levels lie at $1.2613 (daily chart) and $1.0208 (monthly chart).
If the price manages to overcome $1.4973, the next key resistance level on the monthly chart is $1.8231.
Volume Analysis:
The recent price test at $1.4973 was accompanied by decent buying pressure, but the price ultimately faced rejection. This suggests a potential struggle for the bulls to break through this resistance zone.
Conclusion:
The bearish divergence on the RSI, coupled with the price rejection at $1.4973 despite buying pressure, increases the chances of a pullback. Traders should closely monitor the price action around this resistance level. A break above could signal further gains towards $1.8231, while a break below could lead to a decline towards $1.2646 support, with additional support at $1.2613 (daily) and $1.0208 (monthly).
This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
📈DYDX: Is it finally breaking out?🔥🔔🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move.
✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is also confirming the move and is moving along with the price.
🛒The current candle is a good opportunity to buy spot. We can enter after the candle closes. The stop-loss should be placed at $2.5, which is the previous low and the POC of the fixed range volume profile.
🚀For targets, I am looking at $7.8 and then $23.7 (ATH). However, I will not place sell orders now. I will wait and see how the price reacts to these levels.
📊One positive thing about this coin is that the volume has increased significantly during the recent move. This shows that traders are paying more attention to this coin.
💥The RSI oscillator is also entering the overbought zone. This increases the chances of a parabolic move. However, with the high buying volume, we can expect this move to be upwards.
🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH.
Technical Analysis:
Resistance: $2.1514
Support: $1.7156 ✅
Relative Strength Index (RSI): 65
Moving Average Convergence Divergence (MACD): Bullish!
Volume Analysis:
The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token.
Conclusion:
The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future.
The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Bitcoin Analysis: Correction or Continuation?📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year.
🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback.
🚀The ascending channel has been broken from above and the price is continuing its movement with a curved trendline. The target of the channel is between $85,000 and $90,000.
🛒If the price starts to correct from here, we can wait for confirmation of the price for buying in the ranges of $42,500 to $45,000 and $35,000 to $37,000.However, if the resistance at $69,000 is broken, we should wait for it to start correcting and enter the correction.
🗯The RSI oscillator is also in the overbought zone and is facing resistance at 88. It may come out of the overbought zone, however, if it can break its resistance, it can move up to 95, in which case the price is likely to hit the channel target.
📊In terms of volume, it has increased after breaking $30,750 and is confirming the trend.
💎If you have bought Bitcoin from the lower levels, I suggest you wait for it to react to the resistance and if it rejects and makes a heavy red candle, you can take profit. If the supply zone is also lost, you can still hold.
🧠💼 This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
❤️GOLD pulls back before $2,100❤️❤️MY FOREX TEAM❤️
INFORMATION
Gold is taking a breather after testing the three-month high at $2,088 in early Asian hours on Monday. The US Dollar is looking to find its feet alongside the US Treasury bond yields, as markets resort to repositioning ahead of the high-impact economic events from the United States this week.
💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold pulls back before re-attempting $2,100
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
BTC suffers from institutional selling after a breakoutBTC recently enjoyed a breakout above its resistance level with strong momentum before quickly getting hit with a institutional sell trade. This caused BTC to temporarily sell all off nearly 2k in a few minutes. This is not the only sign of weakness in BTC lately.
Whale selling has picked up quite a bit lately.
Many new wallets been created with small amounts of BTC in them (retail trading)
As institutions and larger players exit a bull rally, retail traders enter out of excitement. This spurs the price to rally a little bit further before finally a reversal takes place and bears take over.
Holding onto BTC and other cryptos is becoming riskier the longer this rally continues. Watch your holdings closely and don't get greedy
Analyzing BTC Price Movements Amidst Varying Trading VolumeIn recent days, we've observed an interesting thing with BTC: upward price movements on diminishing volumes. On the 29th, a significant spike in volume corresponded with a big price increase, a obvious indicator of strong market interest. However, following this event, Bitcoin has continued to find similar size moves up, but on substantially lower volumes.
It indicates we are in a market where even limited buy-side pressure pushes price increases, which indicates a scarcity of sell-side liquidity. Bullish. If we were to see a resurgence of volume similar to that of the Feb 29th, the stage could be set for an god candle upward move.
Analyzing key technical indicators presents a more nuanced picture. The RSI, while not in the overbought territory, edges closer, suggesting a growing momentum. The CCI and MFI offer additional perspectives on market cycles and the strength of money flows into BTC, respectively, both reinforcing the observation of a market poised for some mean volatility. The RVI's current stance indicates that the recent price action has been met with a relative degree of confidence, which could mean continued upward movement.
While the market's sentiment seems to lean bullish based on what im seeing, approach this analysis with caution. Markets are volatile, and while technical indicators can provide guidance, they are by no means infallible predictors. Stay frosty.
APT/USDT: APT Trade EntryWe are considering a scenario of the beginning of APT purchases.
Since the beginning of the second half of October, the asset has been demonstrating an upward trend, starting from the price level of $4.7926 and reaching $11.0934. This growth amounted to over 130%.
At the moment, APT is undergoing a correction and is trading around the inclined resistance level. The POC volume level is also close to this resistance level.
We are entering a trade on APT with the expectation of growth to the price level of $11.0934, which is more than 16%. Upon reaching this price, we plan to partially close the position, leaving it open in case of buyer activity and positive market sentiment.
Then we will hold the position until the next target at the price level of $12.9259.
ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA.
After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883.
Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance.
We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
❤️XAUUSD Retest 2050❤️❤️MY FOREX TEAM❤️
INFORMATION
XAU/USD looks to test $2,050 ahead of key US data
💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price bounces toward two-week highs of $2,041 early Tuesday.
US Dollar sags with US Treasury bond yields, as key economic data awaited.
Gold price teases a pennant breakout and Bull Cross on the 4H chart.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
UNI - FollowupCRYPTOCAP:UNI
A follow-through on the trendline pointed out before to the range mentioned before.
But most importantly, look at that sexy momentum volume
Price Action & Volume - A trick that will help you TODAY!People underestimate volume and what it could tell you about buyers and sellers in the market. This "strategy" or more accurately this way of understanding Volume can be utilized in any time frame and will open you up to understanding more movements and why things happen in "random" areas - when they are truly not random.
Hope this helps and as always,
Happy Trading!
GBPUSD, Short, AB=CD Gartley222, Extended pin bar at key levelWe might play out this as a Gartley222. Not entering at the 78% retracement level,
but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move.
Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge volume, but the bar closed at its lowest. Nonvalidation is a good edge at turning points.
The red box is the 61% retracement of the AD leg of the Gartley. Some people use this as a target. I manage the trade differently but wanted to illustrate that even this target provides a good Rirk/Reward rate.
P.S. For the harmonic pattern junkies: the red dotted line might be interpreted in the 1-hour chart as a 3 drives pattern, entering at the level was going to be great. I was personally late for it.
GBPJPY LONG ❤️Forex Besties❤️
INFORMATION
The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year.
Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.
🔥BUY GBPJPY 188.400 - 188.600 SL @187.494
✅TP 1 @ 188.900
✅TP 2 @ 189.300
✅TP 3 @ 189.692
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
*Economic deterioration confirmed in Q4
*Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation
*Sterling eases further while FTSE 100 opens higher
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
TSLA - Mid & Post Trade Analysis - Why did this breakout happen?As you'll start to catch on, when we look at the market as "who is in control" then it's only a matter of time before that side takes control and then all that we have to look for is WHEN they will take that control and break out of the control.
Here, we saw TSLA was conforming to its' controlled selling channels and we had a perfect bounce yesterday where the bottom of our controlled selling channels wedged with our buying continuation channels.
Stay tuned for further analysis like this one so that you won't miss the next breakout!
Happy Trading :)
FXS/USDT Speculative TradingBelow is a speculative deal on FXS/USDT.
After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level.
As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times.
Such price movements can provide opportunities to enter the market.
At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
EURJPY Uptrend If Breaks❤️MY FOREX TEAM❤️
INFORMATION
EURJPY if it broke and close above the key. The growth may continues
Resistance - 163.44
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
FOMC MINUTES make changes to current trend
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
XAUUSD 🔥Small Short Then Up🔥❤️MY FOREX TEAM❤️
INFORMATION
Gold is trading on the back foot below $2,020 early Tuesday, following a positive start to the week and logging a three-day recovery rally. The XAU/USD price upside seems likely capped by a renewed uptick in the US Dollar and the US Treasury bond yields.
💲BUY GOLD 2002-2010 💲
SL @ 2000
TP 1 @ 2016
TP 2 @ 2020
TP 3 @ 2030
TP 3 @ 2038
💲SELL GOLD 2035-2040 💲
SL @ 2045
TP 1 @ 2032
TP 2 @ 2027
TP 3 @ 2018
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
