Wave Analysis
NZD-CAD Bearish Breakout! Sell!
Hello,Traders!
NZD-CAD is trading in a
Downtrend and the pair
Made a breakout of the
Key horizontal level
Of 0.8149 which is now
A resistance and the pair
Is now making a retest
Of the level so as we are
Bearish biased we will
Be expecting a pullback
And a further bearish
Move down
Sell!
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SEI USDTNYSE:SEI
#SEI Token is forming an ascending channel pattern on the daily chart💁♂️
Price is testing a strong ascending support line with increasing buying volume🔼
Currently holding above the ma 200 showing bullish pressure📈
A successful bounce could drive price towards targets at $0.465, $0.540, $0.645, and $0.725🎯
NDX Is Very Bearish! Sell!
Take a look at our analysis for NDX.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 21,287.68.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 20,340.94 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Is Going Up! Buy!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 156.354.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.858 level.
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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SILVER BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
It makes sense for us to go short on SILVER right now from the resistance line above with the target of 29.057 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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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!
AUD/USD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the AUD/USD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.639.
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(Update) !!! Bitcoin Analysis : Bull or Bear ? (READ)BINANCE:BTCUSDT
Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
bitcoinPrice Action Analysis:
Parallel Channel:
The chart is framed within an ascending parallel channel, which suggests an overall bullish trend. The price appears to respect the channel boundaries with multiple touches on the upper resistance and lower support lines.
The channel shows a clear Elliott Wave structure labeled with (A), (B), and (C) corrections.
Elliott Wave Pattern:
The internal structure of the price action is marked with corrective wave patterns (A)-(B)-(C), reflecting consolidation phases within the uptrend.
The current movement indicates a potential rebound near the lower boundary of the channel, suggesting the price might aim for a recovery towards the midline or upper boundary.
Support and Resistance Levels:
Support: The lower boundary of the channel acts as a key support zone. A recent bounce suggests this support is intact.
Resistance: The upper boundary of the channel is a significant resistance. Breaking above this level may lead to a continuation of the bullish trend.
Indicators:
MACD (Moving Average Convergence Divergence):
The histogram shows diminishing red bars, indicating weakening bearish momentum.
A potential bullish crossover is forming between the MACD and signal lines, which may support upward movement.
RSI (Relative Strength Index):
RSI is hovering around 42.78, indicating the market is neither overbought nor oversold.
A potential uptrend in RSI could signal bullish momentum in the near term.
Projection:
Based on the structure:
If the price respects the channel and completes the current (A)-(B)-(C) wave, the next likely target could be near the midline or upper boundary.
A breakout above the upper resistance may push the price towards new highs.
A breakdown below the lower support of the channel could invalidate the bullish scenario and signal a trend reversal.
Conclusion:
The chart suggests a bullish bias as long as the price remains within the ascending channel.
Traders may watch for confirmations of support at the lower boundary or a breakout above the midline for further upward movement.
Indicators like MACD and RSI provide early signs of bullish momentum but require further confirmation.
$BTC 2 options.In my opinion, MARKETSCOM:BITCOIN has 2 options. If I take the previous run, we could easily get an ABC correction. This is confirmed by following the fib lines as with an ABC Correction. In that case, I wouldn't be surprised if we see a correction towards 85k.
A positive scenario is that if Bitcoin manages to break out of this and we can break the supply zone and can now test it as a demand zone, we can see room to rise and we will test the next first important resistance. See green drawn line.
For now, it will be especially exciting in the coming hours and we have to wait and see what will happen.
Happy Sunday!
Be kind to the world and each other!
xauusd , the plan for the next week Hello everyone,
As shown in the attached chart...
Gold is now trading at levels 2622 - 2626. After the major correction and the liquidation of the areas 2582-2590. The markets are expected to open with a bearish price gap to levels 2610-2603. If this scenario does not happen, a correction will occur to these areas and the rise will continue to areas that we will determine:
Upside targets:
1- 2655-2665
2- 2680-2690
3- 2703-27010
Buying areas:
1- 2600-2607
2- 2582-2588
Selling areas:
1- 2655-2665
2- 2680-2690
3- 2703-2710
As always, we will provide you all with updates throughout the week and how to manage deals.
MR. Hamza
Goldcandle
$XRP updateCRYPTOCAP:XRP doesn't seem to care too much about $Bitcoin.
If it is a repeat of the previous structure then I expect as the green line is drawn that we will make the run.
I am still a bit skeptical with MARKETSCOM:BITCOIN as I still see a possibility that it will go down a lot. I will upload another drawing about this.
For now, if we manage to maintain volume, I will follow this pattern and this is target 1. As soon as more later I will also upload the next target to take profits.
Have a nice Sunday for now!
Be kind to the world and each other!
Platinum is a solid BUY BUY BUY!The current platinum versus silver chart is screaming to scoop up as much platinum as you can to eventually stack more silver in the future!
Benefits of the Platinum vs. Silver Chart
Historical Ratio Analysis:
The platinum-to-silver ratio measures how many ounces of silver you can buy with one ounce of platinum. Historically, this ratio fluctuates, and investors use it to identify relative overvaluation or undervaluation.
For instance, if the ratio is unusually low (platinum is cheap compared to silver), it might signal a buying opportunity for platinum. Conversely, if the ratio rises significantly (platinum becomes expensive relative to silver), you can trade platinum for silver, acquiring more silver than you started with.
Market Cycles and Arbitrage Potential:
Precious metals don't move in lockstep; they react differently to economic conditions, industrial demand, and market sentiment. Trading between them based on their relative values allows you to profit from these cyclical differences.
When platinum is undervalued (as it is now compared to historical averages), it offers more potential for appreciation.
Diversification and Inflation Hedge:
While silver has high industrial use, platinum’s demand is growing in sectors like automotive (catalytic converters) and hydrogen energy, diversifying your exposure to economic trends.
Both metals are excellent inflation hedges, but diversifying into platinum can reduce risks tied to the specific dynamics of the silver market.
Asymmetrical Upside for Platinum:
Platinum has been historically undervalued compared to gold and silver, meaning its upside potential in a bull market could outpace silver. By investing in platinum now, you're positioned to benefit from a possible price correction.
Clear Buy for Platinum (Current Market Analysis)
Low Price of Platinum Relative to Silver:
If the platinum-to-silver ratio is near historical lows, platinum is likely undervalued. Buying platinum now means you’re acquiring an asset with significant growth potential.
Potential to Accumulate More Silver:
As the platinum-to-silver ratio rises in the future (when platinum becomes overvalued relative to silver), you can sell or trade platinum for silver. This allows you to increase your silver holdings without additional capital.
Illustrative Example
Current Situation:
Platinum is trading at $900/oz.
Silver is trading at $25/oz.
Platinum-to-silver ratio: 36:1 (36 ounces of silver per ounce of platinum).
Future Projection:
If platinum rises to $1,800/oz and silver increases only to $30/oz:
Platinum-to-silver ratio becomes 60:1 (60 ounces of silver per ounce of platinum).
By trading 1 ounce of platinum, you can acquire 60 ounces of silver, compared to only 36 ounces today.
Outcome:
You’ve increased your silver holdings significantly by taking advantage of the price ratio.
Why Platinum Now?
Undervalued Relative to Silver and Gold: Platinum is priced lower than gold and silver on a relative basis, which historically is an anomaly.
Growing Demand: Industrial and green energy applications are expected to boost platinum demand.
Scarcity: Platinum is much rarer than silver, adding to its long-term value potential.
By monitoring the platinum-to-silver ratio and understanding market cycles, you can leverage the undervaluation of platinum to maximize your holdings of both precious metals over time.
Building Bridges: $OM's Progress in 2024Been seeing projects doing December advent calendar recaps of 2024
Meanwhile - #MANTRA consistently delivering new partnerships and RWA tokenization developments on a daily basis. While others reflect, we're busy building the bridge between TradFi and DeFi, one milestone at a time.
Real world assets. Real value. Real progress.
NASDAQ:OM
Strong Fundamentals Amidst Market DipNASDAQ:OM is seeing a dip today along with the broader market, but the fundamentals remain strong.
With its focus on RWA tokenization and growing institutional adoption, NASDAQ:OM is still on track for significant growth.
$10+ NASDAQ:OM is still in the cards this cycle. Stay focused and HODL strong!
#BuyTheDip #MANTRA #Bullish #Altcoins
VET/USDT Potential Bottom Structure Formation ( Low Timeframe )Based on the information available, the VeChain (VET) market is currently showing mixed signals with both potential for consolidation and upward movement.
VET might undergo a period of consolidation before any significant price movement. This is supported by the view that the cryptocurrency is currently testing support zones without showing strong buy pressure, which could lead to a sideways movement or minor corrections before any breakout. This could be indicative of the market's uncertainty or waiting for further confirmation before making substantial moves.
Conversely, there are indications that if VET manages to break through certain resistance levels, a significant upward trend could follow. The breakout from a symmetrical triangle pattern on the monthly timeframe, as mentioned, could signal a shift in momentum, aiming for targets like $0.10 to $0.16. This suggests that once the consolidation phase resolves, VET could experience a parabolic rise due to pent-up demand and market dynamics shifting towards bullish sentiment.
Fill Your Bag with DOT !! has just flashed a historical MACD buy signal! Recently, we saw a healthy correction in the market, so there's no need to worry.
If you're considering adding Polkadot to your portfolio, now could be the right time to do so.
Take a look at my previous analysis—it was perfectly timed! Based on the current trends, I believe we could see a minimum price of 40 USD within the next 2-3 months.
As I always say, while you can’t predict the exact timing of the market, this opportunity is worth considering. (Disclaimer: This is not financial advice.)
HBAR/USDT Potential Retracement and Rally: Fibonacci Levels in FDescription:
This idea analyzes the HBAR/USDT price action using Fibonacci retracement and extension levels to identify key areas for a potential correction and subsequent bullish rally.
Key Observations:
1. Fibonacci Retracement Levels:
• The retracement is drawn from the recent low at 0.0476 to the high at 0.3841, revealing key levels:
• 0.236 (0.1233): Potential first support.
• 0.382 (0.1731): Major support zone.
• 0.618 (0.2537): Current key resistance level.
• 0.786 (0.3111): Next potential resistance.
2. Fibonacci Extension Levels (Bullish Targets):
• If HBAR rebounds strongly, the Fibonacci extension levels offer potential price targets:
• 1.618 (0.595): First key target.
• 2.618 (0.936): Higher resistance zone.
• 3.618 (1.277): Optimistic rally target.
• 4.236 (1.488): Maximum bullish potential in this projection.
3. Price Action Projection:
• I anticipate a short-term correction to the 0.382 retracement level (0.1731) before a bullish rally toward higher Fibonacci extensions.
• The 0.618 level (0.2537) is currently a critical resistance zone that needs to be broken for further upside.
4. Market Sentiment:
• This projection assumes bullish continuation after the retracement. A break below 0.1731 could invalidate this setup.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Please conduct your own research and trade responsibly.
Would love to hear your feedback and thoughts on this setup! Let’s discuss in the comments! 🚀