Wave Analysis
Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout.
Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector.
If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled.
Key Levels at the moment:
Support Zone: $67.70–$64.40
Resistance Zone: $85–$88
Big Fear ATHBiggest Fear ATH
If new President USA competent support tokenomics we can see new ATH soon and market cant predict anymore cuz Fomoisme huge come in BTC.
before new ATH coming btc goes down correction on point 50-61 then bouce up to big fear ATH. Is it cuz funny idea market when market very voilated now.
Crypto Total Market Cap Cycle Elliot Wave AnalysisThe chart explores 3 possibilities of where we could be in the current crypto market cycle.
Case 1 & 2 point to a likely probability that there are still 2 more upward waves to come.
Case 3 explores the possibility that there is at least one more upward move remaining for the cycle. All cases demonstrate that it is highly unlikely that we are at a market top in this cycle.
Bitcoin and altcoin overview (January 24-25)Yesterday for Bitcoin, as we predicted, we saw buying resume, but with a slight breach below the buyer's zone.
During the rise, strong volume formed again, keeping the $105,000-$102,700 zone active.
At the moment, we expect rotations to continue in a narrow range. Although all buyer's market activity was absorbed, a strong seller who would take the initiative has not yet emerged, so we assess the probability of breaking out into either long or short from the sideways movement as 50/50.
Selling zones: $107,000-$109,000 (volume anomalies).
Buying zones: $105,000-$102,700 (mirror volume zone), $102,000-$99,600 (volume zone), $97,400-$96,300 (volume zone), $92,400-94,300 (volume anomalies), $90,600-$86,300 (accumulated volumes).
Interesting altcoins
For AVAAI coin, there is a high probability of breaking through the local minimum. We open a short position when there's a reaction from the selling zone $0.17-$0.184.
For HIVE, we have consolidated above the volume zone of 0.43-0.413 and positioned it for buying, on pullback we open a long position with an intermediate target of $0.5
GBPUSD holds 1.23 and prepares to jump? Hello All!
The GBP/USD pair is clinging to 1.23 like a cat to a warm laptop. If nothing shakes it loose, there’s a high chance it will crawl up to the 1.239–1.244 area.
But don’t get too excited—this is where the pair will face a veteran resistance level, the 200-period moving average on the 4-hour chart, and the upper boundary of the H4 downtrend. In other words, a whole party of obstacles is waiting to greet it.
So, it might be a good idea to lock in profits at this point.
However, if the pair suddenly decides to flex its muscles and break out of the local parallel channel, consolidating above the 4-hour moving average, it could make a daring leap toward the next resistance level at 1.26.
And yes, this might happen without much of a correction—like skipping leg day at the gym.
Stop-loss? Safely below the 1.23 level—because no one likes unpleasant surprises!
BITCOIN Will Go Higher From Support! Buy!
Here is our detailed technical review for BITCOIN.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 105,399.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 109,493 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDUSD Will Go Higher! Buy!
Please, check our technical outlook for NZDUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.571.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.580 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/USD: Awaiting a BreakoutCurrently, EUR/USD is consolidating in a sideways range, marked by the blue zone between 1.03935 (support) and 1.04400 (resistance). The pair has been fluctuating within this box, showing clear rejections at both the upper and lower boundaries, reflecting a lack of momentum and decisiveness in the market.
Technically, the price is hovering near the EMA 34 and 89. A breakout from this range could lead to a significant move. If the price breaks above 1.04400, it could signal a bullish continuation toward higher levels. Conversely, a break below 1.03935 would indicate further bearish potential. However, the overall bias leans toward the upside, as the price has shown strength above both EMAs.
Personally, I’ll continue to prioritize buying opportunities. What about you? Share your thoughts!
GBP/NZD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the GBP/NZD with the target of 2.235 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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OTEUM EXPERT CALL: Fancy a quick intraweek GOLD long?OTEUM is looking to load up for a quick golden breakout on XAU/USD! 🌟📈 Targeting a smooth ride through TP1, TP2, and TP3 as we push toward key resistance levels. Entries locked in around the value zone (sub 2754), with SL tight below. Precision, patience, and profits—let’s get it! 🚀✨
GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/CHF is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.104 level.
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CHFJPY - SELL - TP: 171.385Hello, the CHFJPY tried to go uptrend, but it looks failed.
JPY is so strong today.
I expect it will be long down trend.
My SL : 170.550
My Entry : 171.364
My TP : 170.550
Good Luck.
Must Remember : If You keep trading with big lot over your margin level, the trend will be reversal temporary. and then it will do big drop after stopped-out your account.
So, I recommend trading small lot. My Chart is very powerful analysis, but I saw someone, a poor played a gamble. Please, don't play like gamble. we lost a money because of your gamble trading.
Good luck.
Nifty outlook for coming days...Nifty has been in correction mode since 27th Sep 2024. The correction did complete 61.8% as shown in fib level.
For any correction 61.8% is very important level if it breaks then only we will see more correction going forward. Nifty has been around the level for couple of days and holding it.
We can also see the correction channel and the triangular formation of last wave of wave c.
Nifty will be looking forward to change the trend anytime sooner and the confirmation of this will start once it breaks above support zone.
Initial target will be the high of wave B.
Stay safe and trade safe.
Note: View shared for educational purpose only.
NZD-USD Bullish Breakout! Buy!
Hello,Traders!
NZD-USD was trading
Beneath the falling resistance
Line but now we are seeing a
Bullish breakout so we are
Now locally bullish biased
And we will be expecting a
Further bullish move up
Buy!
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