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(Update) !!! TON Analysis : Bull or Bear ? (READ)The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. Previous Analysis ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
2
Analyzing the XAUUSD Chart: A Potential Major Trend Reversal?Key Observations: OANDA:XAUUSD Trend Channel: XAUUSD is in an upward trend channel, defined by the upper and lower bands. Previous High: The price has recently tested the previous high of the trend channel. Rejection at Upper Band: If price breaks the previous high and is rejected at the upper band, it could signal a potential reversal of the upward trend. Pattern Formation: There is a developing pattern, a rising wedge reversal pattern. Interpretation: The analysis suggests that the XAUUSD pair might be nearing a significant turning point. If the price fails to break above the previous high or breaks it and is subsequently rejected at the upper band, it could indicate a potential reversal of the upward trend. Potential Trade Ideas: Short-Term: If the price is rejected at the upper band, traders might consider selling with a stop-loss placed above the recent high. Short-Term Bullish: If the price successfully breaks above the previous high and shows sustained strength, it could signal a continuation of the bullish trend. In this case, buying with a stop-loss below the recent low might be considered. Long-Term Bearish: If the price is rejected at the previous high or the upper band, traders might consider a swing trade targeting the 2440-2480 zone with targets at 2472 and 2455. A safe stop-loss would be above the previous high or just outside the upper band. Additional Considerations: Fundamental Factors: After yesterdays positive GDP data we can anticipate a stronger USD. Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to protect your capital. Confirmation: Wait for further confirmation of the pattern or trend reversal before entering trades. Conclusion: The XAUUSD chart presents an intriguing possibility for a potential major trend reversal. However, it's crucial to exercise caution and conduct thorough analysis before making any trading decisions.
OANDA:XAUUSDShort
by TradeFX_Nexus
2
BITCOIN → WHALES accumulate, BULLS aim for 70K ↑ BINANCE:BTCUSD has been consolidating since March, for half a year. Sooner or later the asset will move into the distribution phase. After the shakeout, the price returns to the channel and enters the consolidation phase, holding above 0.5 fibo. The shakeout spurred by panic over bad data in the US market a few weeks ago is redeemed. False breakout leads to a rise to 62K, which defines the local range, forming a strong resistance and the beginning of a local correction. Within the correction, the price is testing 0.5 Fibo and the bulls are actively holding the price above this area, indicating that they are not ready to let the price go beyond this area yet. So, the focus is on the consolidation of 62K - 56K. How long will the price trade in this range? As long as it wants, until MM gathers the necessary potential But, after support retest, false breakdown and liquidity capture, MM has another target - liquidity above 68K - 69K, therefore, we have a high probability to catch strengthening to the channel resistance (69K - 70K) Support levels: 0.5 Fibo (56K), 53500 Resistance levels: 59700, 62500, 70K A break of the local resistance may give an impulse to 62350. Next, we need to watch the price reaction at 62500. If the price will not pullback, but will start consolidating and squeezing, then we should wait for the breakout and growth to 70K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
64
RSR/USDT: BREAKOUT,RETEST DONE! READY FOR AN ATH!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! RSR looks promising here. It breaks out from the falling wedge-like structure in the daily time frame and a perfect retest is also done. Now, it seems ready for a 100-150% move. Buy some here and add more in the dip. Targets:- $0.0068/$0.0092/$0.0122/$0.014 SL:- $0.0048 What are your thoughts on RSR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
DOGS Analysis - What Shall we Expect !!!BINANCE:DOGSUSDT As you can see, after the wedge breaks, the price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
6
Ethereum - Time to buy again! BINANCE:ETHUSDT It seems that the price has good support after the wedge break on 50% Fibonacci and after this price can grow up to resistance zone also ETHUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves !! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:ETHUSDLong
by CobraVanguard
2
HelenP. I Euro will continue to decline, breaking support levelHi folks today I'm prepared for you Euro analytics. Some time ago price declined to support 2, which coincided with the support zone, and some time traded near until it broke this level and fell to the trend line. Then EUR started to trades inside a wedge, where it rebounded from the trend line, which is the support line of this pattern, and rose to the resistance line, breaking support 2 one more time. Next, the price corrected the trend line, after which rose to the resistance line and then repeated this movement. Later Euro made an impulse up from the trend line and exited from the wedge pattern, broke support 1, and even rose a little higher than the resistance zone, but soon backed up. A not long time ago price rose from the resistance zone, after which at once turned around and dropped back. Now, I expect that EURUSD will make a small movement up and then continue to decline, breaking the trend line with the support level. Therefore I set my goal at 1.1015 points. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
BITCOIN - Price can rise to resistance level and try to break itHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to wedge, where it soon fell to $64000 level, after which bounced to resistance line of wedge. Next, price in a short time declined to $50700 points, thereby exiting from wedge and breaking $56200 level. But soon, BTC turned around and started to grow inside rising channel, and later broke $56200 level again. Then price reached resistance line of channel and at once made correction, after which rose to $64000 level. After this, BTC turned around and fell back to support line of channel, and a not long time ago bounced up. So, in my mind, price can bounce up from support line to $65800, thereby breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
GOLD - Price can make small move up and then bounce downHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line. Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle. After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow. In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell. Price declined to $2475 level, which coincided with support zone and recently it started to grow. Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
Silver struggles at downtrend littered with reversal patternsSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. But with the move stalling ahead of levels where it's struggled in the past, and with major risk events approaching fast, are we on the cusp of yet another bearish reversal? Silver has rallied 14% from the early August lows It has been extremely correlated with other industrial metals such as copper over the past month, suggesting it’s more a play on the global economy Silver rally stalls at downtrend that’s sparked bearish reversals in the past Overview Silver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for global US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity. While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year. Silver looking at another bearish reversal? When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it. With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks. For those keen to take on the short trade, you could sell now or wait for better levels slightly higher with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider. If the trade moves in your favour, consider lowering your stop to entry level or lower, allowing for a free hit on downside. -- Written by David Scutt
WHSELFINVEST:SILVERShort
by WHSelfInvest
Silver looking toppy as risk events nearSilver’s been on a nice run recently, benefitting from an easing of concerns towards the trajectory for US economy. That’s because unlike gold which has been heavily influenced by movements in the US dollar and bond yields, silver has been extremely correlated with copper futures over the past month, another industrial metal closely tied to economic activity. While concerns have eased recently, we’re about to receive a whole bunch of economic data that could easily see them flare again next week. Perhaps unsurprisingly, silver has struggled to extend the bullish reversal sparked by Jerome Powell’s speech last Friday, wobbling ahead of downtrend resistance dating back to the highs struck this year. When you look back to see how the silver price has interacted with this level previously, you can’t help but notice it’s littered with evening stars, bearish engulfing candles and key reversals, all notable topping patterns. It doesn’t like it. With RSI (14) rolling over, warning of waning bullish momentum, I wonder whether we may see a similar outcome soon? Wednesday’s candle, while incomplete, looms as a potential bearish engulfing, while the price is threatening to break out of the rising wedge it’s been in for several weeks. For those keen to take on the short trade, you could sell now with a stop above Monday’s high for protection. The initial trade target would be $28.77, conditional on the price being able to break the 50-day moving average. If $28.77 were to give way, $28.046 and $27.269 are the next levels to consider. If the trade moves in your favour, consider lowering your stop to entry level or below. Good luck! DS
FOREXCOM:XAGUSD_PER_0.01Short
by FOREXcom
Crypto TOTAL Market cap on the verge of a correctionThe crypto market just had a decent recovery from its latest crash on Black Monday. Now, it seems we can expect another low based on the market structure and technical analysis. Historically, September has often been a red month for markets. What I expect is a quick flash in the market before it goes up to make new highs, starting the main bull market we've all been waiting for. This correction to $1.5T will provide the liquidity and fuel for strong bullish momentum toward the main target of $6-7T in the TOTAL Crypto Market Cap IMO. DYOR
CRYPTOCAP:TOTAL
by farhadnmd
GTAI's Situation: What Shall we Expect !!!COINEX:GTAIUSDT GTAI is forming a falling wedge on 4h timeframe , Up we go if we do breakout. 🔵We have a Bullish Structure here GTAI formed a falling wedge on 4h timeframe🤔 Up we go if we do breakout , also a bullish Divergence (RD+) on MACD which shows Positive Signs for GTAI. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish Wedge. 🟢 5th waves. 🟢Bullish Regular Divergence(+RD) ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Long
by CobraVanguard
Euro can drop to 1.1100 points, thereby exiting from wedgeHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a few moments ago entered to range and dropped from the support level, which coincided with the support area to the buyer zone. When the EUR fell to this area, it some time traded very close to the bottom part of the range and later rebounded up to the support level. Also, inside the range, the price formed three gaps, and on the third gap, the Euro exited from range, entered to wedge, and dropped to support line of this pattern. Later price turned around and started to grow, after which in a short time rose higher than the 1.0900 level, breaking it finally and then made a retest. After this price rebounded from the support line of the wedge and rose to the resistance line, but a not long time ago EUR rolled down from this line. At the moment, I think that the price can rise almost to the resistance line of the wedge and then drop, thereby exiting from the wedge. For this case, I set my TP at 1.1100 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
IMXUSDT→ Exit from consolidation. One step away from the bullrunBINANCE:IMXUSDT exits the local consolidation and also breaks the resistance of the global trend, which can be regarded as a positive prerequisite for growth. IMX is consolidating above the support at 1.386, formed in June. The area divides the market into 2 parts (long and short). Bulls are actively trying to keep the price above this zone, buyers' target is the area of 2.576. But before the rally MM can form a local long-squeeze, in which a false breakdown is possible (liquidity capture below the level) before further movement. It is also worth paying attention to MA-50, within the framework of the retest the market may test both sma and the previously broken wedge boundary before resuming the rally phase. Support levels: 1.386, MA-50, 1.076 Resistance levels: 1.543, 1.784 Bitcoin is pressuring the market, which is forming a local correction, if the flagship starts moving up, it will strengthen the overall tone in IMX. But, if still bulls hold 1.385-1.400, breaking 1.520 resistance will give another chance for growth. Regards R. Linda!
Long
by RLinda
4
Bearish Wedge + 61.8% Retracement - AJHere I have AUD/JPY on the 4Hr Chart! Since Prices decline, we see Price after making its New Lower Low @ 90.116 and has made a steady Fibonacci Retracement to the Golden Ratio Zone being our Fib Entry Zone! All along the way, creating Higher Highs and Lows forming a Bearish Wedge! Price is unable to Close above 97.472 being the 61.8% level, so I suspect we will see price continue DOWN! *Potential Sell Entries will come once price Breaks and Closes below the Rising Support of the Bearish Wedge!
Short
by Novi_Fibonacci