Target 68000+There is a Descending Broadening Wedge in pattern. Bitcoin will go up to complete it. Target is 68000+. Currently its in accumulation phase for some days. You can buy in small dips.
Wedge
EURGBP LONGwe're going to look for a long from this level for a minimum 150 pips. there is good support in daily timeframe.
Mondi Approaching HeadwindsMondi has had a stellar run, price is now at level where the Russian war panic set in, this is also a confluence of resistance, the horizontal line meets the resistance of the rising wedge as well as the 100% retracement zone of the Russian panic. With RSI overbought & in week 8 of a weekly cycle, odds are we are topping. Week 9 is a favourite high for previous weekly cycles. We can attempt higher price but close the week with a wick before selling begins. Longs would be better off harvesting some profits here.
There are areas of interest to watch where the selling can be halted but we will explore those as we near the end of a sell-off.
Doge coin - ready to flyKeep a watch on this ;-) I have strong believe that it will touch 30 Cents ... Mark as todays date as Base
MAVIAUSDT Bullish ChartMAVIAUSDT Technical analysis update
MAVIA price is trading within a channel on the 1-hour chart and has formed a small wedge inside the channel. The price has now broken out of the wedge pattern, so we can expect a bullish move from the current level. We can anticipate a stronger move if the price breaks out of the channel.
Regards
Hexa
AUDUSD - Bearish Trade Price moving in bullish trend has formed bearish divergence.
Rising wedge reversal pattern further indicates trend reversal.
If price crosses down Higher low, sellers will be in control indicating bearish trend ahead.
TNSRThis should follow the BTC fractals, currently BTC has to remain above $60.2K-60.6K before September 6th to stay bullish other wise BTC won't have the pushing area until around November
EURO - Price can bounce down from resistance line of channelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price entered to wedge, where at once broke $1.0830 level and rose until to resistance line of wedge.
Also, price formed a gap and later it started to decline from resistance line to $1.0830 support level.
When EUR reached this level, it broke it and fell to support line of wedge, after which made upward impulse.
Price exited from wedge, broke $1.0830 level, and rose to $1.1000 level, after which started to trades in rising channel.
In channel, Euro first made correction and then in a short time rose to $1.1000 level again and broke it.
Now I think that price can bounce down from resistance line to $1.0940 support line of rising channel.
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GOLD (XAUUSD): Signals Of Slowing Momentum?!Analyzing the 4-hour time frame, there are indications that the bullish momentum is slowing down. Following a strong upward movement earlier in the week, the price is now slowing down within a rising wedge pattern.
The price reached 2531 before stabilizing and forming a cup and handle pattern on the hourly chart. Today, there is some retracement in the market.
The release of the FOMC meeting minutes could have a negative impact on the market. A break below the support of the wedge and the neckline of the chart pattern could confirm a correctional phase.
However, I do not advise selling at this point as it is too risky.
USDMXN a sell perspectivePeso on a recent high at monthly levels
divergence and trendline broken indicating down side move
NVDA reclaimed the daily 50 SMA along with QQQ.NASDAQ:NVDA broke out of a wedge consolidation at $109 earlier this week and has closed above the daily 50 SMA, along with NASDAQ:QQQ and many other technology leaders. There has been a shift in market tone since the jobs report last Thursday, 8/8. Since then, all data points have been bought by the bulls, and QQQ reclaimed the daily 10 SMA, giving signs that the bull-thesis was valid. The longer QQQ and other major technology names build above the daily 50 SMA, the more likely they are to continue higher.
Gold can turn around and drop to support line of wedgeHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago entered to upward channel, where in a short time rose to the support level, which coincided with the buyer zone and broke it. After this movement, the price reached the current support level and broke it too, thereby exiting from the upward channel as well. But soon, Gold turned around and in a short time declined until to the 2365 support level, breaking the 2445 level one more time. Then the price bounced and quickly rose back and even entered to wedge, where it made an impulse down from the resistance line to the support line of this pattern. When XAU fell to the support line, it started to grow to the current support level and after it reached this level, the price broke it one more time. Next, the price continued to move up and reached the resistance line of the wedge. A not long time ago, Gold exited from this pattern and now I think that XAU can rise a little and then drop to support line of the wedge, making a fake breakout of this pattern. For this case, I set my TP at 2475 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
(Update) !!! 4h Chart Analysis (READ)Hi.
MEXC:GTAUSDT
Today, I want to analyze GTAI for you in a 4h time frame so that we can have a SHORT-term view of GTAI regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
🔵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!
USDCAD → The currency pair is preparing to decline. Target 1.360FX:USDCAD for the last few days does not show any preconditions for a pullback or growth, forming a pre-breakdown consolidation relative to 1.372. The fall of the dollar can provoke a breakdown....
Technically, the price is returning to the range of 1.3755 - 1.3600. The bears are holding resistance, forming a descending triangle under the upper boundary of the range, which is generally a prerequisite for a fall. The only possible target in such a case could be the range support.
According to the survey conducted by BofA among investors, more and more traders are betting on the decline of the dollar. The general policy of the Fed is also putting pressure on the index. The currencies may go into a strengthening phase....
Resistance levels: 1.3755, 1.3787
Support levels: 1.372, 1.3655
Technically, the currency pair is forming a local downtrend, and the intermediate patterns play the role of triggers for the continuation of the movement. Accordingly, I continue to expect that the currency pair may decline to 1.36
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;)
Regards R. Linda!
Rising Wedge breakoutGood volume buildup in daily as well as in weekly timeframe.
Highest ever volume buildup in this stock since its IPO.
Rising wedge pattern breakout with good volume.
Fundamentals are good.
FII & DII stakes are up.
NOTE: I do my analysis, do your before trade.
Rose looking for higher!LSE:ROSE targets are 0.11 and then 0.15 area to complete a 2-3x from current position. 🌹
Tsla retesting 250$ soonTSLA looks to break out of the wedge again, this is the second time candle bodies have closed outside of the wedge to the upside. I expect 258$ again in a few weeks with a likely rejection in this range. I believe the stock will rip to close to 300$ by end of year, I expect it to fall to under 200$ again next year.
Summary:
Short-term - 258$
End of Year 295$
Next year mid- sub 200$
EUR/USD Trade ReportDate: August 15, 2024
Instrument: EUR/USD
Timeframe: 4H
Trade Type: Short Position, followed by a Long Position
1. Market Analysis:
Pattern Observed: A leading diagonal is forming, suggesting a potential initial pullback before a continuation of the upward trend.
Pattern Characteristics: The leading diagonal is often seen at the start of a new trend, indicating a brief correction before the trend resumes.
2. Trade Setup:
Short Position:
Entry: Planning to enter a short position at 1.10440, expecting a correction after the diagonal completes.
Stop Loss: Placing a stop loss above the recent high at 1.10767.
Take Profit: Targeting a key support level or Fibonacci retracement at 1.08813.
3. Risk Management:
Position Size: Adjusting position size to risk no more than 1-2% of trading capital on each trade.
Risk-Reward Ratio: Aiming for a risk-reward ratio of at least 1:4.
4. Outlook:
Neutral to Bullish Bias: While the initial move is a short, the overall outlook remains bullish, with expectations for the trend to resume after the correction.
Gold Trading ReportDate: August 15, 2024
Instrument: Gold (XAU/USD)
Timeframe: Daily Chart
Trade Type: Short Position (Pending Order at 2277.50)
1. Market Analysis:
Pattern Observed: An ending diagonal has been identified on the daily timeframe, signaling a potential trend reversal.
Pattern Characteristics: The ending diagonal typically appears in the final wave of a trend, often indicating exhaustion before a reversal. The pattern is characterized by converging trendlines that suggest a weakening bullish momentum.
2. Trade Setup:
Pending Order Placement: A pending short order has been placed.
Entry Level: The order is set at 2277.50, to capture the downside momentum when it start.
Stop Loss: The stop loss is placed above the recent high at 2511.78, to protect against a potential continuation of the bullish trend.
Take Profit: The target is set at 2278.00, ideally at a key support zone or the previous wave low.
3. Risk Management:
Position Size: The position size is calculated to risk no more than 1-2% of trading capital, aligning with proper risk management practices.
Risk-Reward Ratio: Aiming for a risk-reward ratio of at least 1:2, ensuring a favorable outcome even if the trade does not go as planned.
4. Outlook:
Bearish Bias: The ending diagonal suggests a bearish bias, with expectations of a trend reversal upon the pattern's completion. If the breakout occurs as anticipated, there could be significant downside potential.
Market Sentiment: The broader market sentiment is mixed, with gold facing both bullish and bearish pressures. The completion of the ending diagonal could tip the balance in favor of the bears.
EURCAD - Trading The Wedge...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCAD has been overall bullish , trading inside the rising wedge pattern in orange.
At present, EURCAD is undergoing a correction phase and it is hovering around the lower bound of the wedge.
Moreover, it is retesting a massive demand zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #EURCAD is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD - Price bounce up from support area to $2530 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price rising near support line and when it reached $2474 points, it made downward impulse.
Gold broke support line and then $2415 level too, but also price entered to wedge, where it fell firstly to support line.
After this, price bounced and rose to support level, after which made correction to support line and then bounced up again.
Price broke $2415 level and soon reached $2475 level, and then it some time traded near, after which fell below.
Next, price made upward impulse, thereby breaking $2475 level and exiting from wedge, but soon turned around.
Now, I think that Gold can fall to support area, which coincides with support level, and then bounce up to $2530
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(Update) !!! DOGE daily Chart Analysis : Bull or Bear ? (READ)BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!!
GOLD → Retest triangle resistance. Next, 2500 or 2400?FX:XAUUSD is strengthening after retesting support at 2440 and false breakdown, heading towards ATH. Buyers are keeping the market from falling, forcing the price to bounce off the local range support.
It is worth emphasizing the strong bullish trend and continued retests of triangle resistance, which only increases the chance of a breakout and upside.
The gold price has been strengthening since the evening session, despite strong US data (for Thursday) being the latest boost to dollar buying, especially after an inflation report earlier this week that cast doubt on the possibility of an aggressive Fed interest rate cut in September.
Special emphasis on looming geopolitical tensions in the Middle East, which continues to support sentiment around the hedge asset
Resistance levels: 2464, 2477
Support levels: 2458, 2450, 2440
Emphasis on both the boundaries of the above range and internal levels. If the bulls hold 2458, their further target will be the resistance 2464, the breakdown of which will lead gold to ATH. And in this case the market will start testing 2477 for a breakthrough and growth.
If the bulls show weakness, the market may make another attempt to retest the support before further growth.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
