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Compound (COMP) 🔢 COMP Analysis 🔹 Overall Status: The COMP coin, after following an ascending channel, successfully broke above the channel’s ceiling. At the PRZ zone (which includes the ascending channel ceiling and weekly resistance), selling pressure led to a price correction, pushing the price down to the 0.382 Fibonacci level. ✅ Key Point: Stabilizing above the PRZ zone can accelerate price growth toward Fibonacci targets. Trading volume in this area is crucial as it can provide stronger signals about the buyers' or sellers' dominance. 🔹 Support and Resistance Analysis: 1️⃣ Support Levels: First Support: 0.382 Fibonacci level around $79-$81. Second Support: 0.5 Fibonacci level around $68-$71. Third Support: 0.618 Fibonacci level near $60-$62. 2️⃣ Resistance Levels: PRZ Zone: Weekly resistance and broken ascending channel ceiling (around $92-$103). Bullish Targets: First Target: 1.618 Fibonacci level (already achieved). Second Target: 2.618 Fibonacci level near $300-$330. Third Target: 3.272 Fibonacci level around $500-$550. Final Target: 3.618 Fibonacci level near $720-$750. 🔹 Price Movement Prediction: 1️⃣ Bullish Scenario (if price stabilizes above PRZ): If the price stabilizes above $140 (PRZ zone), it may head toward the 2.618, 3.272, and 3.618 Fibonacci levels. Increased trading volume above PRZ will confirm buyers' dominance. 2️⃣ Bearish Scenario (if the correction continues): If the 0.382 Fibonacci level is broken, the price correction could extend to the 0.5 and 0.618 Fibonacci levels. These levels could offer attractive opportunities for re-entry via laddered buying. 🔹 RSI and Entry Signals: The RSI indicator on the weekly timeframe is at 72.71 (overbought zone), indicating possible selling pressure. Positive Note: A bullish divergence between the price and RSI suggests the uptrend may resume after a correction. The ascending RSI trendline can act as support. ✅ Conclusion and Recommendations: 1️⃣ Key Levels: Supports: $79-$81 (0.382), $68-$71 (0.5), and $60-$62 (0.618 Fibonacci). Resistances: $130-$140 (PRZ) and higher targets at $300-$330, $500-$550, and $720-$750. 2️⃣ Entry Strategies: Laddered buying near 0.5 and 0.618 Fibonacci support levels if the correction continues. Entry after price stabilizes above the PRZ zone ($130) with rising trading volume. 3️⃣ Risk Management: Pay close attention to trading volume and price action near critical levels. Monitor the RSI indicator to assess trend strength and identify potential corrections or continued growth. 💡 Final Recommendation: In the current conditions, wait for technical confirmations (such as stabilization above resistance or corrections to lower levels) before entering. Prioritize capital management to minimize risks.
by alizeynali69
EUR/USD: Awaiting the Fed for the Christmas Rally!EUR/USD continues to show weakness, hovering near weekly lows at 1.0453, reflecting an unfavorable macroeconomic outlook for the euro. The ECB's decision to cut interest rates by 25 basis points, combined with the removal of the term "restrictive" in its monetary policy stance and the projection of inflation nearing 2% on a sustainable basis, indicates a less aggressive approach by the central bank, with negative implications for the euro. Christine Lagarde also highlighted downside risks to economic growth, amplifying concerns about the Eurozone. On the U.S. front, a higher-than-expected PPI and an increase in initial jobless claims suggest a mix of inflationary pressures and potential signs of labor market softening. The dollar benefits from strong demand driven by these economic dynamics and the perception of U.S. resilience compared to the Eurozone. Technically, the pair remains in a clear downtrend. In the short term, focus shifts to Federal Reserve statements and U.S. inflation data, which could further strengthen the dollar if they confirm a more robust economic context in the U.S. compared to Europe.
Short
by Forex48_TradingAcademy
1
XRP – UpdateXRPUSDT is exhibiting a clear Elliott Wave structure on the 1H timeframe. The price has recently completed the ABC correction near a major Demand Zone at $1.95–$1.82 and has begun a new impulsive wave sequence. The structure shows Wave 2 in progress, with a projected target for Wave 5 near $3.51. The market appears to still be in Wave 2 of a new impulsive cycle. Wave 2 corrections typically retrace to key Fibonacci levels (50%-78.6%) before reversing into Wave 3. By overlaying a ghost of the previous Elliott Wave, the current wave 1 aligns well, and the projected Wave 5 target could extend to around $3.51. Once Wave 2 confirms, expect Wave 3 to push strongly toward $3.2 based on previous wave "ghost" projections. Look for confirmation signals (bullish price action, RSI divergence) before entering long positions. Possible Trade Setup: Entry: Around $2.5310 (Breakout). Stop Loss: Below $2.2568 (Bottom of Wave 2). Take Profit: $3.51 (Projected Wave 5 target). Position size: 1-3% of your capital "Patience pays. Wait for the pullback, not the hype." “The four most dangerous words in investing are: 'This time it's different.'” – Sir John Templeton ⚠️ Disclaimer This analysis is for educational purposes only. Always manage your risk and seek professional advice before trading.
Long
by MESHANL
1
#202450 - priceactiontds - weekly update - daxtl;dr dax xetra: Market has printed the most shallow two-legged pullback imaginable and this is as bullish as it gets. Are bulls getting stopped by at least 2 upper trend lines which could continue to be resistance? I highly doubt it. If we get above 20600, there is no reason to not just go to 21000 or higher. I have two potential measured moves above 21000 but until we have a daily close above 20800, there is no reason to look for targets that high. Bears can only begin to dream again with a daily close below 20000. Quote from last week: comment: Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. comment: Since the market did not go down even the slightest, we can not hold any other thoughts than bullish ones. I won’t do anything other than small scalps on this though. On my chart I have marked the most extreme cases to either direction for the next 3 weeks. I give the bearish one a chance of at max 30% while the bulls are heavily favored to either move higher or at least sideways only. I can’t really imagine reaching 21500+ but that’s the biggest measured move I have calculated. I do think 21k and then sideways is the most reasonable outlook. current market cycle: Bull trend - parabolic rally which is the very end. key levels: 20000 - 21000 bull case: Bulls send a strong message, closing Opex above 20000, so they remain in full control and 21000 has become a possibility for the next 3 weeks. We are still trading near at least 2 upper bull trend lines but since market is not showing big reactions to the downside, we can only expect higher prices. A daily close above 20500 brings 21000 in play. Invalidation is below 19100. bear case: The pullback did not manifest at all and even if bears get this down to 20000 next week, I think we find way more buyers then sellers at that price. Bears really have no arguments at all on their side, besides the upper trend lines which are above us but at this point, I doubt they will be much resistance going into the next 3 weeks. Only thing that would make me more neutral would be a really strong bear bar closing below 20000 tomorrow. If bears somehow manage to do that, we could test down to my C target from last week, which is the breakout price around 19670. For now, I won’t look for shorts unless we see a huge volume increase on strong follow through-selling. Invalidation is above 20500. outlook last week: short term: No more bullish outlooks. I want to see big juicy red bars and people posting on x about “buying opportunity of a lifetime” while they double down all the way back to 19000. Neutral until bears come around. No interest in buying anything above 20100 as of now. 20k might be a decent long scalp for a quick bounce. → Last Sunday we traded 20384 and now we are at 20405. Perfect outlook, given I was neutral until bears would come around. They did not and market went nowhere on the week. short term: Given that we are in the most bullish season of the year and bears could not even get the market to drop into Opex, I can not hold any bearish wishful thought anymore and I will only look for small long scalps over the next 3 weeks. Daily close below 20000 would make me reevaluate. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade : None chart update: Added potential measured move higher.
XETR:DAXLong
by priceactiontds
#202450 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin: Neutral. Market went nowhere last week. It’s testing and trying above 103k and it could not close a daily bar above it for now. I have a measured move at 110k but that’s about it for me. Obviously bears are not doing anything, so either don’t trade or look for long scalps. Bears need a daily close below 94k to begin having arguments again. Quote from last week: comment: Market did it and pulled back 11%. What do you think happens on the next try when bulls get above 102k/103k again? Upside potential is very limited and once we trade below 90k, I do think the selling will accelerate. Previous ath in BTC were heavily sold and I don’t expect that to change now. We have a clear channel that’s pretty shallow and once other markets show signs of profit taking, I do think this one will too. I would be very surprised if we close 2024 above 100k. comment : I still doubt we can close this above 100k for 2024. Bears are obviously not doing anything for now. Does that mean this is a decent long? Hell no. Last target I have is 110k but I don’t care about this market until we see a daily close below 90k. current market cycle: Bull trend with a blow-off top. We are at the very end of it. It will turn soon. key levels: 90000 - 110000 bull case: I have one measured move that leads to 110k but that’s about it. The 11% pullback was already too strong to expect this to go much further. As long as bulls keep it above the daily ema, they remain in control. Did not change a word since last week because nothing has changed for the market. Invalidation is below 90000. bear case: Bears not doing enough. Won’t waste brain resources making up stuff here. Daily close below 90k, then we can talk. Invalidation is above 110000. outlook last week: short term: Neutral again between 90k and 104k. Clear invalidation levels given, now it’s about patience. I highly doubt bulls can get another leg up. → Last Sunday we traded around 100k and now we are at 103k. Nothing changed since market stayed inside the range. Good outlook. short term: Neutral again between 90k and 104k. Clear invalidation levels given, now it’s about patience. I highly doubt bulls can get another leg up. Same outlook was last week. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade : None chart update: Nothing
CRYPTO:BTCUSD
by priceactiontds
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame. Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible: --- ### ** 1. Recent Price Action Context ** - **Uptrend before consolidation**: - The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward. - **Consolidation period**: - After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control. - **Large wick and recovery**: - A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects: - **Strong buying interest** after a sharp dip. - Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up. - This could signify the presence of **demand** at lower levels. --- ### ** 2. Trader Psychology ** - **Strong buyers early on**: - The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment. - **Indecision phase**: - The small-bodied candles (e.g., doji) represent a point of hesitation: - Bulls may be taking profits after the strong rally. - Bears attempt to sell but struggle to push prices lower. - **Large wick psychology**: - A large lower wick indicates that: - Sellers tried to break support but failed to sustain the move. - This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**. - Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone. --- ### ** 3. Key Observations from Price Action ** - **Support Zone**: - The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves. - **Bullish recovery**: - The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up. - **Volume**: - The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers. --- ### ** 4. What to Watch for Next ** 1. **Breakout vs. Reversal**: - If prices break above the recent consolidation range, expect a continuation of the uptrend. - Conversely, failure to break higher could lead to further consolidation or a potential reversal. 2. **Support Retest**: - Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish. 3. **Volume Confirmation**: - Continued bullish price action with strong volume would confirm buyer strength. --- ### ** Conclusion ** The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move. Always feel free to like and comment here. We would love to hear you and respond. Best Wishes, Team StoxWare
NSE:BANKNIFTYLong
by Stox_Ware
GBP/USD Sells from 1.2700 back downThis week, I expect GBP/USD to continue its downtrend, following a clear change in character and a break of structure on the higher timeframe, signaling bearish momentum. My primary plan is to wait for a retest of the 2-hour supply zone, located above the Asia high. Once the Asia high is taken, I’ll look for confluences to execute potential sell trades. If the 2-hour supply zone fails to hold, I’ll shift my focus to the 10-hour supply zone, which represents a significant structural point. Should price distribute in this area, I’ll look for major sells to align with the prevailing bearish trend. Confluences for GBP/USD Sells: - Liquidity Below: There’s substantial liquidity to the downside waiting to be taken. - Bearish Momentum: The pair has been bearish over the past two weeks. - Break of Structure: Price has broken key levels to the downside on the higher timeframe. - DXY Correlation: The dollar index (DXY) is aligning with this bearish setup. - Key Supply Zone: A well-defined supply zone caused the initial downside move. Note: As price approaches the 8-hour demand zone, I’ll also consider any long opportunities to take price up to the supply zone for a countertrend move, rather than waiting for bearish setups exclusively.
Short
by Hassan_fx
2024-12-12 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls tried 4 times to push above 20450 and failed. Bears did not take advantage and we printed higher lows. As of now it looks like 20400 is the neutral price for tomorrow but I expect a bigger range to both sides before we settle probably somewhere around 20400 again. Any close at the extremes to either side would surprise me. comment: Clear trading range 20300 - 20500 until we strongly break above or below. For tomorrow I think we can do a retest of the ath 20506 and maybe even a breakout below the channel and test 20350 or lower. I do not expect the week to close to at either extreme. 20400 is the 50% of the current range and the biggest magnet for now. Tomorrow is quad witching. So don’t mess up your trading week getting trapped. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case: Market is not finding enough buyers above 20450 but bulls are still eager to not let the market make lower lows. Invalidation is below 20300. bear case: Bears are content with selling 20450 and that’s about it. We are far above the daily 20ema and bears have only printed 2 daily doji bars. That’s as weak as it gets. Higher prices are still possible. Only a daily close below 20k would help their case. On the 1h chart one could argue that we had 3 legs up inside the current bull channel and market is free to test lower but where are the consecutive strong bear bars? Bears are weak. Invalidation is above 20520. short term: Mostly neutral but we are making higher lows and higher highs. Expecting a bigger range for tomorrow but any close above 20500 or below 20380 would surprise me. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: Buy low sell high inside range or just don’t trade at all. Atrocious day.
EUREX:FDXSZ2024
by priceactiontds
5
GOLD ANALYZEHere we are analyzing 2H time frame for gold. By using trendline and price action module. According to this analysis I'm looking sell trade when price come into our zone than we will take some confirmation like candles confirmation and price action and than after strong confirmation we will take sell trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #XAUUSD 2H Technical Analyze Expected Move.
FX:XAUUSDShort
by TradeTacticsreal
2024-12-11 - priceactiontds - daily update - wti crude oilGood Evening and I hope you are well. tl;dr wti crude oil futures - Neutral. Having a hard time being bullish inside trading ranges and unexpected moves higher. Volume is utter trash and yet market broke above last weeks high and the bear trend line. Bulls want 71 next but I would not be surprised if we go down to 68 or even 67 again. comment: Daily chart shows the trading range which is still contracting but the very small break above last weeks high is a start for the bulls. Buying at previous resistance inside a trading range is always a bad trade. I’d rather wait if bulls come around big time on a pullback and see if it has strong momentum and can break above 70.5. current market cycle: trading range key levels: 67 - 71 bull case: Bulls made a small higher high and now want 71 next. The rally is not particularly strong and the volume is also atrocious. I don’t have many arguments for the bulls here. Invalidation is below 66.27 bear case: Bulls have not printed more than 2 consecutive bull bars for almost 2 months now. Bears see that, previous resistance 70.5 from last week and still a bear trend line close enough. They have much more reasons to sell this, than bulls have for buying it. Invalidation is above 70.6. short term: Neutral. I wait for one side to gain momentum again but my bar for the bulls is higher than for the bears. I don’t have an opinion on where this goes next. For me it’s 50/50 if we go down to at least 69 or higher to 71. medium-long term - Update from 2024-11-10 : Unless an event comes up, this will very likely close around 70 for the year. current swing trade : Nope trade of the day: Tough. Long was obviously right but there were so many trend lines that could have been resistance, it was much more reasonable to not take the longs than to hope for a breakout above multiple trend lines.
NYMEX:MCL1!
by priceactiontds
NZDJPY is all set to continue its upward movement! The price is moving within an ascending channel and has just hit the lower limit again, bouncing back up and forming a bullish candlestick with a long lower wick and a small body. This suggests that sellers have made another unsuccessful try to change the trend, even creating a higher low that backs up the uptrend. The price is also bouncing off the 50% Fibonacci retracement level. NZDJPY is moving towards the major volume activity price range around 90.5. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price up. Time Frame: daily Idea support: - Price action - Volume Analysis - Trend analysis
Long
by luisca826
1