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Weekly Crypto Facts: What to expect next?Hello traders and investors! Last week saw several interesting developments in crypto assets that may influence the situation in the coming days. BTC : The breakout impulse from the range on the weekly timeframe continues. This marks the fourth weekly consecutive bullish candle, with declining volume (!) compared to the previous three. This could indicate a lack of interest from both buyers and sellers at these price levels. We might see a consolidation period. A similar situation occurred recently on the daily timeframe, where consolidation lasted for six days before a new buying impulse formed (see the post from November 15). Note that the key candle for the breakout is now from November 11. DOT : The price formed a buyer's impulse on the weekly timeframe, surpassing 6.611 (the starting level of the last seller's impulse on the weekly chart). The volume and spread of the weekly candle are impressive. It’s possible that the price may rise further without a correction. If there is a pullback to 7.775–8 and the buyer resumes, it could present a buying opportunity. OP : The price broke out above the range’s upper boundary on the weekly timeframe (1.989). The weekly candle’s volume and spread are impressive. On the daily chart, the price has been consolidating above 1.989 for three days. We are watching for the price’s reaction to 1.989—whether the buyer will defend the breakout from the range. The key candle of the last buying impulse on the daily chart from November 21 crosses 1.989. If the seller pushes the price back into the range and defends this return (at 1.989), it could be an opportunity to look for short positions. SOL : The price updated its all-time high at 259.9. The weekly candle’s volume is declining, which may indicate a lack of interest from both buyers and sellers at these levels. A consolidation period could be ahead. We will assess the seller's reaction by the end of this week. TON : Factors have emerged favoring the realization of the buyer’s vector within the range on the weekly timeframe, with a target of 7.260. Good luck with your trading and investments!
by AlexeyWolf
Interesting facts of the week: What to expect next?Hello traders and investors! The past week brought several interesting events that may impact the situation's development in the coming days. The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099). The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757). Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level. SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone. Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
ETHUSD buy (Trend, Session and Momentum)Trend: The intention was pretty clear that buyers are stepping in. When i saw the PA in the evening (NY session) sellers didn't step-in and no lower low was made. Going into Asia was similar the momentum is also for buyers. Took a buy into Tokyo Session (even though i know i was too early, but i am confident that sellers are nowhere to be found coz of the PA yesterday). London session: My thinking of this session is if we pull up in this session NY would be the same. Momentum: Sellers are being aped up by the buyers, if you look into the candles every time the price is jacked up sellers momentum is very weak. Note: Sorry for my english, it's not my first language. If you're a pinoy come follow me, i'll post my journey here.
COINBASE:ETHUSDLong
by TraderKeithfx
MATICUSD showing strengthHello, Today we look at MATIC. - MATIC is still in strong support zone, not yet broken out. - It is also battling 21 weekly EMA. If it manages to cross up, it is a very bullish sign. - It is in a bullish divergence (RSI making higher low while price makes a lower low). - Volume has increased in the last weeks, showing potential that bottom is in. - RSI got up above 43 and tested it as support. RSI cross above 43 has always showed to be bullish. Resistance levels: - 0,75 USD - 1 USD - 1,3 USD Remember to take profits along the way. Do not be too greedy. Success is a series of small(er) wins, not one major win. Make sure to check my other posts, all are still valid. XLM has already made x2 since my post, DOT is up 50%... Not a financial advise. Do your own research. Good luck!
COINBASE:MATICUSDLong
by carefulCheese32259
1
USD/CAD continues the downtrendOn USD/CAD , it's nice to see a strong sell-off from the price of 1.40170 and 1.40440. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Downtrend and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
FXOPEN:XAUUSDShort
by ImperialGuard
Don't miss thisAfter the entry point that I gave, you can see how much profit it gave, I hope you didn't miss😉it Short position:📉 I'm not talking about shorts, our trend is rising, all I can say is that below the support of 0.1939, you can open a short position, but I wouldn't open it myself. For long position:📈 As you can see in the picture, when our volume decreases, it can show us that we will once again reach the ceiling of 0.2459. The trend line of the one-hour time frame has had 3 collisions, it gets weaker with each collision, that's why we can break it Early entry is more risky We can take the broken 0.2098 Teaching tips:🤓 Teaching tips=More likely to be broken Decrease in volume=Test the ceiling again If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
Long
by parsa_xa
1
GREATEC - FROM BEARISH TO BULLISH ?GREATEC - CURRENT PRICE : RM2.37 After reach the bottom with a bullish HAMMER CANDLESTICK on 16 OCT 2024, the stock broke out of its downtrend in mid October and is building on a trend reversal, suggesting a bullish bias may be emerging. Based on chart pattern analysis, we can see that there is a DOUBLE BOTTOM pattern. The downward movement from 12 July 2024 have potential of forming V BOTTOM pattern. Today 06 Nov 2024, the share price make a new 2 month high to closed at RM2.37, supported by strong trading volume. This bullish momentum may propel the share price to move upside in the upcoming session. Target Price : RM2.52 and RM2.70 Support : RM2.26 (half candle of today session) Notes : Market reacts positively to Trump’s 'Victory' in Presidential Race. Bursa Malaysia Technology Index made a 6.18% gain on a single day. We hope this positive market sentiment will continue to push technology stocks to upward. Lets hope for the best. TAYOR - TRADE AT YOUR OWN RISK.
MYX:GREATECLong
by IMRAN_96
XAGUSD. Trading opportunityHello traders and investors! On the hourly timeframe, it's a long trend. In the last impulse, the key bar is in the middle at the 50% level of the impulse (!). Locally, you can look for buying opportunities from the buyer’s defense of the 31.272–31.2 range. It’s better to set close targets, like the local high, or trail the trade. The buyer may be able to reach 32.16. On the daily timeframe, the seller's vector 9-10 within the range is still relevant. Good luck with your trading and investments!
OANDA:XAGUSD
by AlexeyWolf
1
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:NATIONALUM
by AnsariTV
ETHEREUM (ETH) LONG TERM OVERVIEW First and foremost, it is essential to maintain an open mind, which entails considering multiple perspectives on the matter at hand. Now a breakdown on ETH It is important to highlight that the highest volume profile is situated between 1,610 and 1,620. Additionally, there is a significant level identified at 1,616, which may also act as an inducement for revisiting another critical level between 1,350 and 1,356. This is the reason I emphasized the necessity of maintaining an open mind. Once you have taken note of these factors, it becomes easier to identify potential entry points. In this regard, I have identified two possible entry points: the first at the level with the highest volume and the second just below this area, as it can also serve as inducement liquidity for the subsequent key level. Please remember that this information should not be construed as financial advice but rather as an analysis of potential outcomes.
BINANCE:ETHUSDLong
by BFUFX_MARKETS
Gold:Short term analysis for 18/11/2024Disclaimer: This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame: 4-hour Market Analysis: Following on previous analysis, the XAUUSD pair has bounced off the key support level at 2,550.00-2,543. However, the 4-hour chart indicates persistent bearish momentum, with price action confined within a descending trend channel. The price has almost reached value area high. This may act as resistance. Key Observations: No bullish divergence detected on the 4-hour chart. Bearish divergence evident on the 30-minute chart. Key Levels: Resistance : 2,606.00 support : 2,536.00 support(Poc): 2568.00 lower target: 2485.00 - 2505.00 Trading Bias: Bearish, lack of bullish divergence and no impulsive momentum, If the price slips below the point of control, the bullish narrative would be compromised, potentially triggering a reversal, anticipate a potential breakdown below the support level, targeting first weekly point of control at 2,502.00 then lower OBV at 2,485.00 - 2,505.00.
OANDA:XAUUSDShort
by avatarfreak