$DRI Bullish Pennant??NYSE:DRI looks to be bouncing off support around $144 and the highs of $175. Currently, it is turning up below value at the current moment. Currently above the 200-EMA
Wedge
The last bullish chance of NOTCOIN in short-term !!🔵We have a Bullish Structure here
NOTUSDT formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout . The price is at the bottom of the channel and also in the wedge, these pressures will eventually make the price rise.
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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!!
AUDUSD: Shorting After Breakout 🇦🇺🇺🇸
AUDUSD is retesting a recently broken horizontal support.
The price formed a rising wedge pattern after a breakout
and a double top formation after a retest.
Neckline and a trend line of both patterns are broken.
We can expect a bearish movement at least to 0.6537
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Litecoin May Revisit ATHs for 500%Litecoin continues to hold this long-term diagonal support, having only once wicked below it during the March 2020 black swan.
During the last two months of June and into July, it re-tested that diagonal and got quickly bought up.
Chances look good that it goes for another test of the horizontal resistance around 408 dollars, or at least most of the way there, which would be about 500% from our low over the last two weeks.
Lose the diagonal support and this trade is invalidated. Hold above it and I'll keep it active.
Descending broadening wedgeTesting resistance, if it breaks we should see bull follow through.
Potentially a good area to open a hedge.
GBPUSD breakout trade (BULLISH)After the tap into the 1.28500 area the bulls might give us a breakout to the upside. Being in a uptrend in the larger timeframes makes the region seem like a good discount to buy into.
ADA/USD secondary trend. Wedge. Mirror level.Local trading situation. A wedge is being formed. The price is at its resistance. Local targets in case of a breakout, as well as in case of further formation of a wedge in the zone of previous accumulation (redistribution is more correct).
It is also worth noting that the price is also near the accumulation - redistribution range (the average price of the set is highlighted in green).
This redistribution zone is accumulation on a larger scale of the chart
Main trend. 1 month
ADA/USD Main trend
GBPUSD: Your Trading Plan For The Week↪️Here is the trading plan for ⚠GBPUSD for this week. The market is nearing an important daily support level.
To confirm a bullish signal, look for a breakout above the resistance line of a falling wedge pattern on the 4-hour chart.
A strong signal will be given if a 4-hour candle closes above this trend line. If this bullish trend continues, the price could reach the 1.2933 level.
However, if the pair sets a new lower low, the setup will no longer be valid.
Ethereum ETFs Launched — Why is ETH's Price Dropping?The well anticipated launch of the Ethereum (ETH) spot ETFs in the U.S. has not yet led to a significant price increase for ETH, and in fact the price has declined since the ETFs were approved and launched.
What’s happening with Ethereum? - A Technical Analysis
Before discussing about the major factors that triggered the bearish downturn, it is important to analyse the technical aspects and price action of Ethereum.
After reaching a 2024 all-time high (ATH) of $4093.92, ETH experienced a bearish divergence. This was followed by the formation of a falling wedge pattern, which broke out following news of a potential ETH ETF approval.
Despite attempting to retest the aforementioned ATH, ETH fell, forming a parallel regression channel. It briefly broke below the 200-day EMA support level, raising concerns. However, ETH quickly recovered and is currently retesting the 200-day EMA support, showing signs of a bounce back. If this support level fails, ETH may revisit its major demand zone between $2844 and $2923.
Traditional indicators show mixed signals. The MACD is turning bearish, while the RSI remains neutral. The near-term trend will likely depend on market sentiment related to the potential ETH ETF inflow/outflow. If ETH holds the support levels, a bullish divergence could be on the horizon
Now let us examine the major events that triggered the correction of Ethereum:
Sell-the-News Event
The approval and launch of the ETFs may have triggered a classic "sell-the-news" event, where investors sell their ETH holdings to lock in profits after the long-anticipated approval. With the ETH reaching $3,500 in July, some investors likely wanted to capitalize on the euphoria around the ETF launch by selling. We saw a huge momentum candle before the ETH ETF news came out. The lowered impact on the prices
Outflows from Grayscale Ethereum Trust
The Grayscale Ethereum Trust (ETHE) experienced large outflows of $484 million on the first day of ETF trading, as investors redeemed their ETHE shares. This selling pressure may have offset the buying demand from the new ETFs.
Liquidation of Long Positions
Over $94 million in long ETH positions were liquidated in the 24 hours after the ETFs launched, indicating traders who were betting on an ETH price increase got squeezed out. This likely exacerbated the selling pressure.
Broader Market Downturn
The decline in ETH price coincided with a broader downturn in the crypto and US- European stock markets, with Bitcoin dropping 2.5% and the Nasdaq having its worst day since late 2022. This suggests macroeconomic factors were also weighing on ETH.
Delayed Inflows
While the ETFs attracted $107 million in net inflows on launch day, this was only 16% of the $655 million Bitcoin ETFs attracted on their first day. The full impact of ETF inflows may take more time to materialize.
Stagnant Fundamentals
Some analysts argue Ethereum's fundamentals have been stagnant or declining, making it more vulnerable to selling pressure compared to Bitcoin The ongoing Mt. Gox repayments and distributions may also be weighing on the market.
In summary, the combination of a "sell-the-news" event, outflows from ETHE, liquidations, macroeconomic factors, and delayed inflows likely all contributed to the decline in ETH price despite the successful ETF launches. However, analysts remain optimistic that ETH will resume its upward trend in the coming weeks.
DOGE → The bulls are overcoming resistance. Trend change?BINANCE:DOGEUSDT is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally....
The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects.
On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH
Resistance levels: 0.1437, 0.1657
Support levels: 0.126, 0.12
There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest
Rate, share your opinion and questions, let's discuss what's going on with ★ DOGE ;)
Regards R. Linda!
AUDUSD: Bearish Outlook For Next Week 🇦🇺🇺🇸
AUDUSD broke and closed below a key daily structure support.
After its violation, the pair started to recover steadily within
a rising wedge pattern.
Retesting the broken structure, the price formed a double top pattern.
After that, the market violated both the neckline of a double top and a trend line
of a rising wedge, giving us a strong bearish confirmation.
We can expect a bearish movement on Monday.
Goals: 0.6537 / 0.652
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OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024
Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future.
On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B.
Major trend.
OP/USDT Major trend. 07 2024 Time frame 1 week.
SHORT - $Gold looking like a snack rn $XAU, $GC1!Retrace after testing ATHs.
Rising wedge into rising wedge.
Trend is friend.
Huge Weekly printed rectangle, Would like to see an SFP/FA below W Range S/L before entering as buyer.
BITCOIN - Price can make correction and then continue to move upHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to wedge, where it at once bounced from resistance line to support line.
Soon, BTC turned around and in a short time rose higher than $57000 level, breaking it and then making retest of this level.
Next, price continued to move up and later reached $65600 level, which coincided with support area.
Bitcoin first made a small correction movement, and then broke this level and rose to resistance line of wedge.
After this movement, price made a correction to support line, but not a long time ago backed up.
Now, I think price can make correction to support area and then continue to grow to $69900 resistance line of wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BTCUSDTWe can attempt to short BTCUSDT from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
#LTCUSDT #2h (OKX Futures) Broadening wedge breakout and retestCRYPTOCAP:LTC regained 50MA support and looks good for bullish continuation from here.
⚡️⚡️ #LTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Long)
Leverage: Isolated (7.0X)
Amount: 5.0%
Current Price:
73.13
Entry Targets:
1) 72.05
Take-Profit Targets:
1) 76.19
Stop Targets:
1) 69.98
Published By: @Zblaba
CRYPTOCAP:LTC OKX:LTCUSDT.P #2h #Litecoin #PoW litecoin.org
Risk/Reward= 1:2.0
Expected Profit= +40.2%
Possible Loss= -20.1%
Estimated Gaintime= 3-4 days
This is what major bottoms look like. News catalyst incoming !This setup is a swing trade which could last a few weeks. It seems like zoom is forming a major bottom due to the reasons mentioned in the video.
Appreciate your feedback !
Will GoDaddy GoLower?GDDY is in a rising wedge and looks to be losing steam after this leg up. After the wedge breaks down, there are multiple gaps it needs to fill and these are my price targets.
Gold. Prepare for 100 bucks drop? 24/July/24XAUUSD probably completed its sub wave (A)(Green) of wave C ( Yellow Circled ) triangle. Probably resuming downtrend at 2422 +/- which it is the confluence zone of :- 1) Downtrend line (red) 2) Weekly Pivot (2426.147) 3)Upper Trendline of wedge pattern (yellow) 4) 4 Hours order block.
ROL downside After negative earnings we broke down from the rising wedge, a bearish pattern is not formed.
US30We can attempt to short US30 from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
AUDCHFWe can attempt to short AUDCHF from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart .
