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Wave Analysis

USDCAD Is Very Bullish! Long! Here is our detailed technical review for USDCAD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.438. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.450 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
Is It Right Time To Buy Alts??**Bitcoin Dominance Update** BTC.D is attempting to break the yellow resistance zone but has yet to succeed. This indicates that **altcoins still lack the momentum** for a strong buy opportunity. Currently, BTC.D remains **below 58.72%**, which suggests the market is **not yet in a bullish phase**. However, there’s **no clear reversal confirmation** either. **Key Takeaways:** - **No buy signal for alts yet** – wait for BTC.D to show clearer movement. - **Not bearish, but not bullish** – the market remains in a neutral zone. - **Patience is key** – wait for a confirmed breakout or reversal before making moves. Stay tuned for updates! 🚀
CRYPTOCAP:BTC.DLong
by MoonTradingForecast
CHFJPY: Waiting for BOJ to Decrease the Price FurtherCHFJPY: Waiting for BOJ to Decrease the Price Further CHFJ is currently growing, but caution is advised as the price is near a strong resistance zone, and there is a possibility it could move down again. However, this time, the movement is not solely based on technical analysis but is more related to the Bank of Japan (BOJ), which is expected to hike rates on Friday, January 24, by 25 basis points, bringing the new interest rate to 0.5% from the previous 0.25%. While the BOJ has promised this increase, it remains to be seen what they will actually do. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6
RBLX LongRoblox (RBLX) while unprofitable has led to negative P/E ratios + -700% ROE, -ROA, - ROIC with low quick and efficiency ratios. DE ratio also indicates RBLX is heavily leveraged which could lead to damaging long-term health. However, recently PB and PS indicated high growth potential from an investor viewpoint and investor bullishness. DE dropped drastically from 2023 to 2024 indicating a shift of long-term to short-term debt. This indicates that RBLX is shifting from a long-term viewpoint into shorter-term viewpoint which could be indication of a strategic shift. For RBLX, this would mean a takeover of other game companies and further solidify market dominance with increasing and developing userbase (younger), subscription model, and simulated ecosystem. Possible retracement from market sentiment and debt obligations, but then bullish continuance.
NYSE:RBLXLong
by shades305
AUDJPY Will Go Down From Resistance! Short! Here is our detailed technical review for AUDJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 98.074. Considering the today's price action, probabilities will be high to see a movement to 96.232. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
MELANIA Looks Bearish (1H)The situation with the meme coin MELANIA doesn't look good. There is limited data available for this meme coin, but on the chart, 3 ABC waves of a pattern can be identified. If wave C drops to the 0.618 or 0.786 Fibonacci levels of wave A, it may reach the specified targets on the chart. The chart currently lacks a trigger for entering a position. For a sell/short position, it's better to wait for the price to reach the red zone. For a buy/long position, we need to see reversal patterns along with confirmations. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2
Ethereum (ETH) - ATH Break-Out - Bullish CycleMARKETSCOM:ETHEREUM gave me a whooping 170% #Profit on the #Bullish Swing. I went #Long on BITSTAMP:ETHUSD from the 1.6K Mark, on the #Break-Out. I cashed it all in on the 3.5-4K Range. * see related idea for details. Unlike MARKETSCOM:BITCOIN , CRYPTOCAP:ETH did not deliver a new #ATH. In fact, it all leads to the fact that it's waiting for something. With the $BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of an up-coming #Correction, I believe this will pave the way for #Altcoins to shine, thus the #Altseason to start. Crypto Market Cap ( CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 ) are about to burst on the #Bullish side. BINANCE:ETHUSDT will play a major role in this. * see related ideas for details. What's the Play for MARKETSCOM:ETHEREUM ? I see a strong #ETH #Bull in Cycle Wave C (turquoise). This can easily reach 5K, but can also tag the 7K Mark. BITSTAMP:ETHUSD #TechnicalAnalysis - #ElliottWave Cycle Wave C (turquoise) - Inverted #HeadandShoulders - #RunningFlat My CRYPTOCAP:ETH #BUY Levels - Entry @ 3.1K - SL @ 2K - TP @ 5K
BITSTAMP:ETHUSDLong
by EW4X
7
Bitcoin and altcoin overview (January 23-24)Yesterday, Bitcoin continued its weak decline. Looking at Bitcoin on the daily chart, we missed a mirror volume zone of $105,000-$102,700, at the lower boundary of which we are currently located. At the moment, it's natural to expect a resumption of buying. Otherwise, if this buyer's zone is passed without defense, the priority will shift from sideways movement within 2 zones to a local downward trend. 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 VANA coin, trading volumes increased after a prolonged decline. We're waiting for consolidation above $12 and will enter a long position upon testing and reaction from the volume zone $11.2-$10.
by Crypto_robotics
Gold Today: Buy or Sell ?Hello everyone, what do you think—should we buy or sell gold today? Currently, gold remains highly attractive to bullish investors, climbing to its highest levels in weeks, supported by a sharp decline in the USD Index, with prices hovering around the $2750 region. On the 4-hour technical chart, gold consistently shows BOS (Break of Structure) patterns, signaling that the bullish momentum may continue for now. Key levels to watch are the $2760 resistance and $2720 support zones, which are critical areas for potential breakouts and strength for the metal. Personally, I lean toward a buying strategy. What’s your take? Don’t forget to set your TP and SL when trading!
OANDA:XAUUSD
by WIN_Vachirawit
1
Gold Bullish Continuation (Another Top OR New Prominent High?)Gold price seems to exhibit signs of overall bullish continuation as the price action may form another credible Higher Low on key Fibonacci and Support levels. There might be a possibility that Gold may break it's All Time High Price of 2791. It might be worth observing price the action further if 2791 breaks. A potential break may be indicative of another top OR a new high. Trade Plan : Entry @ 2727 Stop Loss @ 2679 TP 1 @ 2775 (Before All Time High) TP 2 @ 2823 OR Ride Further With Caution (After All Time High) Move Stop Loss to Break Even if TP 1 hits.
OANDA:XAUUSDLong
by SalaarBT
COFFEE // on the way upThe market is long on every timeframe, and broke the last clean H1 breakdown, so the weekly target fibo 138.2 level is valid again. KEEP IT SIMPLE!🏄🏼‍♂️ ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
ICEUS:KC1!Long
by TheMarketFlow
2