XRP BULLISH MOVE INCOMING???This is my analysis for XRP (potential bullish move incoming) obviously this is personal opinion let me know what you think in the comments and share your ideas BITSTAMP:XRPUSD
Monthly timeframe showed a break of a huge resistance level ( $1.96 ) on 01/12/24
Daily timeframe showed a bullish flag pattern
Looking closely at the Hourly timeframe the bullish flag pattern was broken (upward) price has come back down to the the flag which is also a support level (around $2.20 ). Price broke below this level 3 between 09/12/24 & 10/12/24 but came straight back above indicating 3 failed attempts to break support. This suggests we have more buyers at this level then sellers)
My personal opinion is a continuation in the bullish trend the past week or so we've been bouncing up and down but for me all signs point bullish for the next move.
Let me know what you think in the comments would love to bounce some ideas off of you wether you're bullish or bearish, everyones eye for the charts are different so we can all help each other ;)
Community ideas
SOL: Massive Bull Flag Formed!Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $233 and take profits at the levels shown in the chart.
Targets:
1. $240
2. $245
3. $251
4. $260
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
GBP/CHF Analysis🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.
💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.
📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.
🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.
USD/CAD AnalysisThe USD/CAD pair has been trading within an ascending channel but recently broke out, reaching a significant resistance level from March 2020. This resistance appears to have halted the bullish momentum, suggesting the possibility of a correction in the coming sessions.
💡 Key Observations:
1️⃣ The price broke above the ascending channel but is struggling to maintain momentum at the resistance level.
2️⃣ Historical resistance from March 2020 is likely to act as a strong barrier for further upward movement.
3️⃣ Signs of weakness and loss of momentum indicate a potential downward correction.
🔻 Potential Target Zones for Correction:
First Target: 1.429
Second Target: 1.421
Longer-term Target: 1.408
AUDUSD - Look for a sell !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB + institutional big figure 0.63000.
Like, comment and subscribe to be in touch with my content!
Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k.We are seeing significant flows since the Fed delivered a hawkish cut yesterday, with stocks turning sharply to the downside while the US dollar continues its recovery above 108. Another reason for this end-of-year shift could also be profit-taking, given the substantial gains in risk assets throughout the year, so traders see this as reason to exit, since FED expect less cuts next year.
This shift into the US dollar and out of the stock market is also impacting cryptocurrencies. Bitcoin has turned perfectly downward from 108, which we tracked as an important resistance level in wave five of an extended wave three. Now that price turned down and broken the channel support line, it looks like an A-B-C correction is underway, likely targeting even lower levels.
The key support zone for the current corrective fourth wave should be around the 84000–90000 area. This zone could provide the foundation for a potential new bullish resumption, aligning with the 38.2% Fibonacci retracement level.
Broke through that zone will put bulls in some real trouble.
Grega
NAS100USD: Strategic Selling Amidst Bearish MomentumGreetings Traders!
In today’s analysis of NAS100USD, we reflect on yesterday’s high volatility, which triggered a significant displacement to the downside. Such strong movements often leave inefficiencies in price action that may be revisited in the near future. However, the prevailing bearish institutional order flow suggests opportunities to capitalize on selling setups.
Key Observations:
1. Consolidation in Premium Zones:
Currently, price is consolidating at a premium level, providing an optimal zone to initiate sell positions. Following the principle of selling in premium and buying in discount, this setup aligns with institutional trading strategies.
2. Bearish Momentum:
The bearish structure remains intact, reinforcing the likelihood of price continuing its descent toward discount zones.
3. Potential Reversals in Discount:
When price reaches discount levels, it is possible for a reversal back into premium zones. This necessitates a strategic and observant approach to anticipate the next market move.
Trading Strategy:
Entry: Seek confirmation to sell at premium levels during this consolidation phase.
Target: Discount zones, where sell-side liquidity resides, will serve as the primary profit-taking area.
As always, remain vigilant and adaptive to market dynamics. If you have insights or questions, feel free to share them in the comments. Let’s learn and grow together!
Kind Regards,
The Architect
GBPJPY Retraced For UsHi Traders!
GJ made a nice retracement to around 194.600, and is now trying to push above 195.000. In my last idea, I talked about how I needed price to get above 195.000 with followthrough. ( Please go read if you haven't already). Psychological levels for GJ are .000, .200, .500. As you can see right now we hit 195.500 and rejected heavy. So, watching for this set up. 🫡
Entry:195.500
TP 1: 196.500
TP 2: 197.000
SL: 194.100/.200
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
ETH - Crucial TestRight now ETH is testing an extremely important level, so I wanted to make this post in real time to inform you. Please review our last ETH post where I pointed out if we were to have a breakdown to watch this white trendline.
Of course the breakdown did occur and price has fallen exactly to our white trendline. This is happening in real time so this is only the first test of the trendline but very important to watch if buyers continue to step in here.
From the first test we are seeing early signs of buyers stepping in (look at the increased volume on LTF). This is a good sign and will continue to monitor as we get more confirmations.
WTI OIL entered a new bullish pattern on a 4H Golden Cross.WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern.
The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High.
As a result we expect it to hit at least Resistance 2 and our Target is $72.80.
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AAVE fibonacci spiral ideaGeometrical trading is a complex methodology, however it is pretty much intuitive. I consider this kind of methodologies to be obsolete, but they are useful to begin understanding the concept of circularity.
Look at how the price moves insides this spiral. This kind of methodologies is about following shapes.
BTC dump as BTC.D gears up to retest!!Join our community and start your crypto journey today for:
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Let's analyze BTCUSDT :
Bitcoin has broken below its previous trading channel and is testing lower support levels. This drop is largely attributed to Bitcoin dominance (BTC.D) rising to retest the 59% level. BTC is presently around the $94,700 support. If this level holds, a significant price rebound is possible. However, if BTC dominance reaches 60% or higher, BTC could fall further to around $91,000.
Key Support Levels:
$94,700
$92,0500-$91,100
Key Resistance Level:
$98,500
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Happy Trading!!
Can The Major Support Zone Save Nifty From Falling Further?There is a triple Support zone that has been reached by Nifty. The Zone between today's low that is 23870 and 23692 has multiple supports of a trend line and Father Line of 200 day's EMA. Let us see if we have a revival from here. If that will be the case the next resistance zones will be 24019, 24175, 24416(Major Mother Line Resistance of 50 day's EMA) and 24529 (Major Trend Line Resistance).
If the support of 23870 is broken we will have to rely upon 23962 that is the major 200 day's EMa of Father line. If we get a closing below 23692 or the Father line. Bears will become more powerful and we may see them control the game. In such a scenario the supports will be at 23350, 23088 and 22828. So very critical weekly closing tomorrow. Shadow of the candle for tomorrow is neutral to negative.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
According to this pattern, EUR/USD's next target is 1.0181A little-known pattern called the Failed Inverse Head-and-Shoulders pattern was triggered in EUR/USD yesterday following the Fed's rate meeting. This pattern occurs when the price breaks below the right shoulder of the head-and-shoulders formation, reversing the original bullish pattern into a bearish one. In this case, the target is the difference between the head and the neckline, which is 280 pips. When subtracted from the right shoulder low, this suggests the price could drop to $1.0181.
For the pattern to remain valid, the price must stay below the right shoulder low at $1.0462. As long as it trades below this level, the bearish target remains intact.
This aligns with recent developments at the Fed, which surprised the market by signaling just two rate cuts in 2025 while anticipating higher inflation. Trump's potential policies, including trade wars and tax cuts, are likely to fuel inflation. Meanwhile, Europe faces additional challenges, with continued rate cuts and expected economic strain from trade wars likely to worsen its economic troubles.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Nobody appreciates it !!!The price has broken the descending triangle, and now it's time for a slight correction before reaching the target. After that, it can grow again.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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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!!
JUP/USDT entry points.This is JUP/USDT entry points. Price is at 1DAY demand level. we have liquidity down this level. This is good entry point with lower time frame confirmation if price hold this demand level. If Price reaches second demand level that will also be a perfect entry point, with alignment of demand and discount. This is good point to start DCA. The target will me last 1DAT swing high and above.