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BTC : CurvesHere is a cyclic curve lattice used to identify historical and future support/resistance levels that can assist us with our trades. The chart is unraveled on the 4 week time interval and the logarithmic price scale. Every historical curve shows at least one critical price action reaction. Here are the most important, all but one relating to candle wicks... Green curve price action reactions : Red curve price action reactions : Future cycles are carefully estimated using Fibonacci measurements. Finally, thank you to my followers and to those who enjoyed viewing this idea. Feel free to give it a boost if you like it. // Durbtrade
INDEX:BTCUSD
by Durbtrade
2024-07-15 - priceactiontds - daily update - daxGood Evening and I hope you are well. comment: Strong day by the bears which was just a healthy pullback on a higher time frame. For bears to do some actual damage they need to print strongly below 18670 again. A measured move down would lead to 18570ish. Since bulls and bears have valid arguments here, I expect more sideways movement until we get another breakout above or below. No opinion on who wins it. Bullish above 18800, bearish below 18670. current market cycle: trading range (triangle on the daily chart - technically bears traded back into the triangle) key levels: small range 18500 / 18900 bull case: Bulls see today as a pullback to the 4h 20ema and want to print a new ath while they have the momentum and trading above the higher tf ema. They also closed the market above the breakout price 18722, which confirms the bullishness, if we rally from here again. Invalidation is below 18670. bear case: In my weekly post I wrote that buying above 18800 is bad not matter how you look at it and bulls got another big rejection. The market now has formed a broad bull channel where the support line is around 18530, so another 170 points lower and coincidentally it’s also where the daily 20ema is. Enough reasons to have a stronger argument for another leg down by the bears. Invalidation is above 18800. short term: Bearish until we hit the daily ema or at least 18570. Invalid above 18800 or strong close above the 1h 20ema. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. trade of the day: buying the double bottom with y close
EASYMARKETS:DAXEUR
by priceactiontds
2024-07-15 - priceactiontds - daily update - sp500Good Evening and I hope you are well. comment: Market closed near the open, so neutral. Bulls printed another ath but got another big rejection for 50 points. Bears need lower lows and follow through selling or we continue inside the broad bull channel. Friday’s and Today’s daily bar look bad enough for the bulls so I think bears are favored slightly to get to 5640 or lower tomorrow. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged key levels: 5500 - 5720 bull case: Bulls buying every dip and staying near or above the 1h 20ema. Despite the many rejections above 5700, bulls are in control and poke higher each day. Clean broad bull channel and until bears break below and make lower lows again, bulls are heavily favored. Invalidation is below 5600. bear case: Big up, big down, market went nowhere today, despite another ath. Bears desperately need lower lows below 5600, otherwise every dip is bought. First bear target are consecutive closes below the 1h 20ema and then a retest of 5640, which is Friday’s open and near the bull channel line. Invalidation is above 5720. short term: Neutral and fading the extremes. Selling above 5700 continues to be profitable. Not interested in buying this. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: Short 5700. Will also hold this until Tesla goes bankrupt or Cathy closes her trashcan of a “fund”. trade of the day: Shorting above 5700 was good for 48 points. Was previous resistance and still is. Daily close above 5700 would change that.
CME_MINI:MES1!
by priceactiontds
In-Depth Arbitrum Analysis: Current Trends & Insights✨Welcome to my channel. Here, we conduct a daily analysis of crypto projects and forex pairs. 📅Let's dive into today's analysis, focusing on the crypto market and the Arbitrum project. 🗂 About the Project : Arbitrum is a blockchain project in the crypto space, known for being one of the popular Layer 2 Ethereum solutions. It helps reduce transaction fees and increases speed and security. Arbitrum launched as a Layer 2 blockchain in August 2021 and also conducted a major airdrop, which significantly boosted its popularity over its competitors. 📦 Arbitrum Airdrop : In March 2023, Arbitrum introduced the ARB token and simultaneously airdropped 12.75% of the tokens to its users. This large distribution excited many in the crypto community. 🏅 Airdrop Impact : The airdrop significantly increased trust in the blockchain. Currently, Arbitrum has around $3 billion in TVL (Total Value Locked) and ranks fifth in the market. Its token has a market cap of $2.3 billion and holds the 41st position on CoinMarketCap. 🌱 Project Ecosystem : Given the high TVL, Arbitrum's ecosystem is very active. Major platforms like AAVE, GMX, UNISWAP, PENDLE, and RENZO support this blockchain. There are also specialized platforms that operate solely on Arbitrum, such as Camelot, a DEX that has greatly contributed to the project's growth. 🗡 Camelot Project : As mentioned, Camelot is one of the exclusive projects in the Arbitrum ecosystem. It is a DEX where you can swap tokens in a decentralized manner and become a Liquidity Provider to earn rewards. 📈Here is the chart for the GRAIL token, Camelot's official token. Camelot rewards you with this token for providing liquidity. As you can see, after hitting the resistance at 2675 and breaking the upward trendline, the price entered a downtrend, dropping to 709 and forming key levels at 1008, 1252, and 1418, which could act as strong barriers to price growth. ⚡️Now that we have reviewed the project and its ecosystem, let's analyze the ARB token chart from a technical perspective. 📅 Weekly Timeframe In this timeframe, after the token launch and airdrop, the price pumped initially and corrected to the 0.7654 level. Alongside Bitcoin, it started an uptrend reaching 2.1782. The price tested this resistance several times but failed to establish above it. Following the entry of selling volume, the chart exited the Distribution Zone and started to drop, now even losing the 0.7654 support and reaching 0.6482. 🛒If you had already bought this token, I hope your stop-loss was triggered. If not, I hope you managed your investment well to avoid significant losses. For spot purchases, I would wait for the RSI to break above 34.79 to confirm that the downward momentum is out of the market. Afterward, we can buy based on our personal strategy once the price stabilizes above key levels. 📅 Daily Timeframe In this timeframe, after reaching the 0.6216 support, the price is correcting upwards with decreasing volume, indicating the strength of the downtrend. Despite the RSI losing the 40.13 resistance, upward momentum has not entered the market. This is because the SMA25 is directly above the price, serving as a major resistance. 📉If the SMA25, which coincides with the 0.7654 resistance, pushes the price down, it could reach the S1 pivot monthly level. Should the price continue to make lower highs and drop further, the 0.4826 level (S2 pivot) would be a logical target. 📈If the price stabilizes above the SMA25 and breaks through the 0.7654 level, with increased buying volume and upward momentum, we can confirm an uptrend in this timeframe. 🔑 Key levels in the daily timeframe for ARB are: Supports at 0.6216 and 0.4826 Resistances at 0.7654, 0.9264, 1.2669, and 2.1782 ⌛️For short-term analysis of this token, let's move to the 4-hour timeframe for more detailed insights. 🔍In the 4-hour timeframe, we can observe a Low Wave Cycle. After hitting the 0.6263 support, the price has made higher highs and lows twice. According to Dow Theory's definition of an uptrend, we can say this timeframe is in an uptrend. However, we must also consider another crucial point. According to Dow Theory, volume should confirm the trend and align with the price. As seen in the chart, volume diverges from the price, so we cannot declare an uptrend in the 4-hour timeframe as it lacks the primary Dow Theory confirmation. 📈For an uptrend, I suggest waiting for the price to stabilize above 0.7654, a significant level observable in the daily timeframe. Additionally, buying volume should increase to gain Dow Theory confirmation, allowing us to trust the price rise. If the trend becomes bullish, the resistances ahead are 0.8449 and 0.9264. 📉For a market downturn, since higher timeframes are bearish, we can use riskier triggers to confirm the entry of downward momentum, as these risky triggers align with the trend and are more reliable. The risky trigger level is 0.6822, and the main support is 0.6263. Note that the 0.6822 trigger, being risky, is not entirely reliable, and there's a higher probability of fake moves and traps. If the market turns bearish, the target, as seen in the daily timeframe, would be 0.4826. ⚠️Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research.
by itsparham96
1
GOLD ( 07/12) The rebound follows a return above the 2400 levelFundamental analysis Gold price increased to 2,424-2,425, the highest level in two months. In response to another dovish US inflation report, the report boosted expectations that the Federal Reserve (Fed) will cut interest rates in September. Gold prices, for now, look to have broken a three-day winning streak, although any meaningful downside correction still looks elusive following growing expectations that the Fed will begin a tapering cycle. interest rate earlier than expected. Additionally, geopolitical risks, political instability in the United States and Europe, along with fears of a global economic slowdown, will continue to act as drivers for XAU/USD. Traders are now looking forward to the release of the US Producer Price Index (PPI) and the Consumer Sentiment survey. Technical analysis The continuous overnight breakthrough past the $2,400 mark is considered a new motivation for gold to return to a strong uptrend. RSI is also showing signs of exiting the oversold zone in the h1 and h4 frames, this also shows that the price increase is being corrected. This is absolutely a necessary recovery for a sustainable uptrend. Gold's recovery extended to a break out of 2393 and a deeper half of 2368 which is the strongest support zone to maintain the uptrend. The overnight high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are likely to return to challenge the all-time high, around $2,450. Support: 2400- 2392-2380-2368 Resistance: 2425-2433-2449 SELL price range 2438 - 2440 stoploss 2446 BUY price range 2395 - 2393 stoploss 2389 BUY price range 2382 - 2380 stoploss 2376
OANDA:XAUUSD
by TVS-Trader
EURUSD heading towards 1.10!Current Overview EUR/USD is defensive below 1.0900 in the Asian session on Monday, edging lower amid risk aversion following the shooting incident at a Trump rally. This event has bolstered the US Dollar due to its safe-haven appeal. The pair's focus remains on US politics and upcoming statements from Federal Reserve officials. Technical Analysis Support Levels: The first support is at 1.0840-1.0850. Further support is at 1.0800. Resistance Levels: If EUR/USD rises above 1.0900 and confirms this level as support, it could target 1.0950 and then 1.1000. Market Sentiment US Inflation Data: Recent soft inflation data from the United States has put downward pressure on the US Dollar. The Consumer Price Index (CPI) decreased by 0.1% on a monthly basis, while core CPI increased by only 0.1%. Both readings were below market expectations, increasing the likelihood of a Federal Reserve rate cut in September. According to the CME FedWatch Tool, the probability of the Fed leaving the policy rate unchanged in September has declined to below 10% from over 20% before the CPI data release. Additional Influences US Political Climate: The recent incident during a Trump rally in Butler, Pennsylvania, where former President Donald Trump was injured in an assassination attempt, has increased risk aversion and supported the US Dollar. US Economic Data: The Producer Price Index (PPI) rose to 2.6% year-on-year in June from the previous revised 2.4%, above the expected 2.3%. Core PPI increased to 3.0% year-on-year, surpassing the expected 2.5%. The University of Michigan's Consumer Sentiment Index dropped to 66.0 in July from 68.2 in June, missing expectations of 68.5. The UoM 5-year Consumer Inflation Expectations declined to 2.9% from the previous 3.0%. Fed Outlook: Analysts from Fitch suggest that the Federal Open Market Committee (FOMC) might cut interest rates sooner than expected due to concerns about the labor market. Fed officials are likely to be cautious about additional weaknesses in the labor market. Eurozone Outlook: Eurozone officials expect pricing pressures to remain stable throughout the year, reducing expectations for further rate cuts by the European Central Bank (ECB). ECB President Christine Lagarde emphasized a cautious approach, highlighting uncertainties in the growth outlook.
Long
by Forex48_TradingAcademy
1
#202429 - priceactiontds - weekly update - wti crude oilGood Evening and I hope you are well. Quote from last week: comment: Bulls got the breakout again, retested it and held above 82.74. I do think the high is here in the price area below 86 but market will probably have to spend more time here before bears can potentially trade it back down. In April we spent 14 days at the highs until market broke below, retested and went down for good. I expect the same pattern. comment: Outlooks and chart drawings do not get better than the oil chart posted below. Changed nothing for 2 weeks and still holds up. Next week could be the breakout for the bears. Decent enough rejections above 83 and even if bulls touch 84 again, I think we will trade down over the next weeks/months. current market cycle: trading range inside the big triangle. Market should stay below 86 or this take is probably wrong. On smaller tf we are still inside the bull channel. key levels: 80-86 bull case: Bulls were rejected a third time above 83.5 and even though they are in control above the daily 20ema, the selling pressure gets bigger and at some point they want a deeper pullback to buy. Invalidation is below 81. bear case: Bears have all the arguments imo. Market at big resistance 84 after bulls having 3 clear legs up. Bears now want a deep pullback to 80 and then keep the bounce below 83 and form a proper channel down. Invalidation is above 85. outlook last week: “short term: Bearish but I wait for bull channel break and bigger selling pressure. Can come fast or take the whole week. All bullish targets are met and as I wrote last week, next 10 points will probably be made to the down side.” → Last Sunday we traded 83.16 and now we are at 82.21. High was 83.74 and low was 80.81. outlook was good for 200+ points. short term: Bearish. All shorts have stop 86.35 so trade small. medium-long term: We are seeing the big triangle playing out between 72 and 82/84. The high of the triangle got tested until mid of April and we have now tested the lows around 72.5. We are at the bear trend line and odds favor the bears if they stay below 86.27 for trading back down below 76 again. current swing trade: Short since 82.58. Would add to shorts above 83.5 if we get there. SL 86.35. chart update: Nope.
NYMEX:MCL1!Short
by priceactiontds
#202429 - priceactiontds - weekly update - goldGood Evening and I hope you are well. Quote from last week: comment: Bulls got the breakout above and 2 good looking bull bars above the daily 20ema. Above 2407 we can expect bears to give up and a retest of 2460 or higher. Market is amazingly symmetrical. 3 tries to drop below 2300 and we are probably seeing the 3rd try at printing above 2477 over the next days. It’s a big trading range and I will long this above 2407 for 2460+ and will short this above 2460, once market turns around again. Maybe bulls can print a higher high or maybe they don’t, it does not matter since you wait for the clear reversal before shorting again. comment: Bears tried to bring it below the daily 20ema and failed again. Bulls got another smaller higher high which was also a perfect breakout, retest and long again. So bulls are in full control but they are also not very strong or the market would not pull back each time after 1-2 good looking bull bars. Same reasoning as last week. Can bulls print a higher high or will this become a right shoulder? Probably the latter. Bulls are at 2 good resistance lines and buying above 2400 has not been profitable for more than 2 days in this market ever. current market cycle: trading range until 2300 or 2407 is broken. If bulls break above, trading range is expanded again up to 2480 key levels: 2300 - 2480 bull case: Bulls keeping it inside the bull wedge and channel and as long as we stay in them, it’s bullish af. Bulls are mostly buying dips and not highs, otherwise market would print more consecutive bull bars. Targets for the bulls are obvious, retesting 2477 or making a higher high. Invalidation is below 2370. bear case: Bears only need 2 consecutive bear bars to reverse the market to below 2350 again. They are selling new highs inside the channel/wedge and so far it was profitable at least for scalps. They want this leg up to become the right shoulder and finally break the neckline on the next leg down and get below 2300. Invalidation is above 2510. outlook last week: “short term: Neutral until break above 2407. Bullish above” → Last Sunday we traded 2397 and now we are at 2420. 23 points higher… I mean… That’s pretty neutral to me since we also traded 30 points lower during the week. short term: Bearish for a pullback at least to the lower bull trend line again where I expect bulls to buy it again. No opinion after that. medium-long term: For now I think the most reasonable outlook I could give is a trading range 2200-2500. This could hold for some time. Bear in my still thinks this rally is moronic and we will see 2000 again this year but that’s as unreasonable of an outlook one could hold so don’t. —unchanged current swing trade: Went long but cut it early. It’s not bullish enough to buy up here. Will only look for shorts once we break the bull trend line. Chart update: Adjusted the bull wedge and added bull channel with last recent highs but just minor things. Trading range price action and patterns are weak at best.
COMEX_MINI:MGC1!Short
by priceactiontds
TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market. 🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain. ⌛️ Weekly Timeframe In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support. 📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation. 📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops. 📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy. ⌛️ Daily Timeframe In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position. 🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future. 💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. 🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
3
#202429 - priceactiontds - weekly update - daxGood Evening and I hope you are well. Quote from last week: comment: We got the breakout to the upside, then the downside and another upside breakout again. Clearly not the continuation of a strong bull trend but a leg inside the trading range. Friday’s bull bar is a bad buy going into next week, which raises the odds of market moving sideways to down. Two bull wedges on the daily chart and I slightly favor the bears to break to the downside at least to the daily ema 18460. Weekly tf gives head & shoulders vibe but as long as market is staying above the weekly 20ema at 18200, it’s neutral inside the given key level. comment: Big down, bigger up. Again. High was high enough to qualify as another double top but the high also undershot the bull wedge resistance line. Bulls have not been able to print more then 3 consecutive bull bars since May. Why would they now? Bulls bought dips and I doubt they want to buy above 18800 all of a sudden. Odds favor the bears to trade to the bull channel support around 18500 over the next 1-2 days. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. —unchanged key levels: small range 18500 / 18900 bull case: Bulls want to stay inside the bull wedges and break above them to retest the ath 19006. They are making higher highs and higher lows and are above all important ema. Above is from last Sunday and still valid. As long as bulls trade above the daily 20ema and inside the bull channel/exp triangle/wedge (yes all apply), it’s bullish. Problem with the bull case is, do you really want to buy above 18800? Market knows only rejections above this price so no matter how you put it, new longs here are bad. Can you buy intraday dips at support for scalps? Absolutely. Invalidation is below 18360. bear case: Bears are at the exact same spot as last Sunday but just a tat higher. They want a big reversal again at multiple resistance above 18800. They also see all the rejections from the past months at this level and shorting here has been very profitable. They also know it’s a bad buy for the bulls up here. Odds clearly favor them to trade back to at least 18600 but we will probably see 18500 early next week. Invalidation is above 18900. Market was rejected twice here on Friday and reversed. Bears do not want to see the market testing that price again or they will probably give up. outlook last week: short term: Neutral. Higher highs, lower lows. Expanding triangle, form of trading range. 50% pb is 18439 and if bulls do not rally strongly on Monday, I will look for weakness and a pullback to 18450 or lower. → Last Sunday we traded 18666 and now we are at 18857. High of the week was 18927 and the low was 18362. Outlook was ok. I said we test back down and we did even 100 points lower than I thought. Also said bulls were in control above all ema. I absolutely did not think bulls can do 18900+ again but here we are. short term: Bearish at least to 18500. It’s 50/50 if bulls can do a higher high or will only print lower highs from here so I’m not into guessing. Looking for early weakness and then at 18500 absolutely neutral and let the market decide where it wants to go next. Any bad Dax earnings next week will probably flush it below 18500 again. medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. —unchanged current swing trade: Short since 18700, added to shorts 18900. Will hold this till Cathy closes ARKK or the big short 2.0 is announced. Chart update: Nope.
EASYMARKETS:DAXEURShort
by priceactiontds
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.
TVC:DXY
by Adlercon333
Gold price jumps ahead of Fed Powell’s testimony☘️Fundamental analysis Gold prices (XAU/USD) rose in the European morning session on Tuesday on the back of a weaker US Dollar. Traders expect the Fed to cut interest rates in September after last week's weak US jobs data capped gold's decline. In addition, political instability in France and geopolitical tensions in the Middle East also boosted gold prices as a safe-haven asset. However, gold prices may be pressured as the People's Bank of China (PBoC) did not buy gold for the second consecutive month in June. Traders will monitor Fed Chairman Jerome Powell's testimony before the National Assembly. conference, along with speeches from the Fed's Michael Barr and Michelle Bowman. US Consumer Price Index (CPI) inflation data on Thursday will also be in focus. ☘️Technical analysis Gold prices traded in a positive direction during the day. According to the h2 chart, the precious metal maintains an uptrend near the 34 EMA, with the Relative Strength Index (RSI) holding in the bullish zone above the 50 midline. This suggests support is there. the ability to hold up rather than break down. The psychological level of $2,400 serves as immediate resistance for XAU/USD. Before that, you need to break the old peak around 2392. In case of a downside, the first downside target will appear at $2,340 (former resistance). Support: 2350-2340 Resistance: 2378-2392 SELL GOLD zone 2392 -2395 SL 2397 BUY GOLD zone 2340-2338 SL 2335
OANDA:XAUUSD
by TVS-Trader
SWING IDEA - RALLIS INDIARallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a significant shift in market sentiment. A robust bullish candle close on the weekly timeframe, accompanied by massive volumes, underscores strong buying interest and potential for sustained upward momentum. The price found support at the 0.382 Fibonacci level, adding weight to the bullish thesis and reinforcing the likelihood of continued upward movement. Breaking free from a consolidation phase lasting over 2.5 years, Rallis India demonstrates potential for a new bullish trend trajectory. Trading above both the 50 and 200 exponential moving averages (EMA) on the weekly timeframe, with the 50 EMA crossing over the 200 EMA, further bolsters the bullish outlook, suggesting strengthening upward momentum. Target - 325 // 353 // 392 StopLoss - weekly close below 245 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RALLISLong
by Visionary_Growth_Insights
Deep Dive into ENS: Full Review of the Project and ENS V2📅 Let's move on to today's analysis. Today, I want to analyze the ENS coin, which is part of the Ethereum ecosystem. With this project, you can buy a domain for your wallet. 🗂 ENS v2 Update : Recently, ENS published an article and introduced the v2 update of the project, announcing that they have added a series of new features to their platform. By collaborating with L2 projects, they aim to reduce fees, increase flexibility, utilize multi-chain capabilities, and make their service more accessible, user-friendly, and cost-effective for everyone, playing a more significant role in the web3 space. ⚙️ How the Project Works : Let's dive deeper into the project and visit its website. The first image you see on the site is a very beautiful landing page. By clicking on "Launch App," you can enter the main space of the platform. 🧩 After launching the app, you need to connect your wallet to the site and search for your desired ID in the search bar. If the domain is available, you can purchase it. If it is registered, it means someone else has already bought it before you. As you can see in the example I searched for, "parham96.eth" has already been registered, but "parham96.box" is still available and hasn't been purchased yet. 🛍 After finding your desired domain, you need to confirm the transaction sent to your wallet. Currently, the cost of this operation, considering the Ethereum network fee, is about $6 for a one-year subscription. According to the project, after the v2 update, these costs will be lower. 🎈 After purchasing, to access the details of your purchased domain, click on the "My Names" section (I prefer not to show you an image of this section due to the privacy of my wallet). You can: 👤 Add a profile picture for your wallet, write a bio, and connect your social media accounts from the profile section. ⚡️ Add another address to your domain from the record section. 🎲 Change the owner of the domain or renew it from the ownership section. 🌐 Create a subdomain for yourself just like websites from the Subname section. ⚓️ Use the permission and more sections to apply other desired settings to your purchased domain. 🌱 Usefulness of the Domain : For example, the "parham96.eth" domain is mine. In this case, I don't need to send my wallet address to someone who wants to transfer to me for each transaction. Just replacing the destination wallet address with the "parham96.eth" phrase will direct the funds to the same wallet. If you search for this domain on Etherscan, you can see it is registered on the blockchain and that the ownership of the domain is also viewable as an NFT in your wallet. 🔄 Renewing the Domain: Click on "Extend," then click "Next," followed by "Open Wallet" to create a transaction. Confirm the transaction through your wallet to renew the domain. ✨ ENS Coin : The ENS project also has a very well-known coin named ENS, which is among the top 100 coins in the market with an $800 million market cap. It is listed on all reputable exchanges, making it a successful project that can achieve even greater success with the launch of ENS V2. 🔍 Technical Analysis : In the daily timeframe, after the price reached a peak of 27.61, the market entered a range, with the price oscillating between 16.58 and 27.61. Following Bitcoin's significant drop, this coin also dropped to the 12.24 area. However, with the announcement of ENS V2 and collaboration with L2 projects, it started an upward movement and returned to the 27.61 area, even briefly breaking this level before returning below it in a fake breakout. 💥 Current Momentum : The price currently lacks momentum. After the fake breakout, there should have been a bearish momentum, but nothing has happened, and the market is still ranging. 📊 Volume Analysis : The volume clearly supports the buyers, as the buying volumes significantly exceed the selling volumes. In the recent bullish candles, the selling volume has significantly decreased. 🧲 Indicators : Due to the ranging market and lack of momentum, I am not using SMAs. However, a break below 43.36 on the RSI would confirm bearish momentum entering the market. 🛒 Long Position : The price has tested the 27.61 resistance six times so far, with increasing buying volume. Given the positive sentiment around ENS V2, it is possible that a few days before the launch, the price will stabilize above this level with a large bullish candle, leaving many behind. 🛎 Short Position : On the other hand, buyers may lose interest in breaking this resistance after six attempts, allowing sellers to enter the market and push the price down. ⚖️ Investment Strategy : If you believe ENS is a good project and that ENS V2 can generate bullish momentum in the market, consider adding this coin to your portfolio and purchasing it according to your strategy. 🎯 Target Prices: If the project succeeds and gains more hype, the initial target prices are 38.10 and 49.27, with the next target being the ATH of 75.80. 👨‍💻 Futures Trading : 📈 For a long position, a candle close above 27.61 in the 4-hour timeframe can confirm an upward trend. You can look for an entry trigger in the lower timeframes like 1-hour, with a target of 32.83. 📉 For a short position, a break below 23.30 and a candle close beneath this level can confirm a downward trend, with a target of 18.94. ♟ Personally, I will try to open a long position on this coin once the price stabilizes above 27.61. For short positions, I prefer to trade a coin with negative news and lacking a strong upward trend like ENS. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2
S&P Bulls Defy Expectations; New Historical HighLast week, the bulls did something remarkable. At the start of the week, there was a clear bearish reversal pattern forming on the daily chart. Despite being a believer in the bulls (given the strength of the weekly chart), I was still quite certain that sellers would at least be able to take down the weak low from the last week of June (SPX 5,448). However, instead of breaking through, the sellers made only a weak attempt on Monday. After a brief pause, the market rallied, breaking through all previous highs. It is hard to grasp such a change in sentiment, especially since there was nothing particularly surprising in the economic data or the FOMC announcements. Sometimes, it seems that the market itself is confused, and the best we can do is observe its behavior day by day and make quick adjustments to our strategy. There was absolutely no clear reason behind the sell-off on Friday the 28th (presidential debates? really???), but we had to trust price action and let it shape our strategy. Only now can we conclude that it was a “fake” weakness (actually, we already started suspecting it on Tuesday). More likely, it was temporary confusion in the market, caused by many contradicting political and economic signals. The current outlook is bullish. The market has set a new high, and the majority of sectors ended the week strong (see Market Inner Strength Index). The only possible warning is that the weekly RSI is approaching the overbought condition. The last time this happened (at the end of March), it triggered a weekly consolidation, but again, nothing is certain. P.S. this week is heavily packed with economic data releases. Also, banks report on Friday. Things might change really fast Disclaimer I don't give trading or investing advice, just sharing my thoughts.
SP:SPXLong
by hermes_trisme
GBPUSD & DXY Forex Update: Key Triggers and Market Insights📅 Today, we're diving into the Forex market, specifically analyzing the GBPUSD pair. Previously, we examined this pair on the weekly time frame, and now I’ll provide an update with new entry points marked on the chart. 🔄 Weekly Time Frame Analysis In our previous analysis, we identified 1.28019 as the first long trigger on the weekly chart. The price has since stabilized above this level and even activated the 59.01 trigger on the RSI. As mentioned before, the next target is 1.31921, and with a 230-pip distance, this level can offer a significant profit to those who entered long positions following the breakout. 🧲 Curved Trend Line We also have a curved trend line in this area, which can inject substantial momentum into the market and push the price upwards. If this trend line breaks, we can expect a trend reversal and a potential downward move. 📊 Trend Health Check Checking the health of the trend, we notice that each successive bullish wave has weakened while the red candles remain powerful. However, the RSI shows no signs of trend weakness or divergence, and the price has managed to create a higher high. Thus, despite the weakened upward trend, the price has managed to start a robust new trend and cover its previous weaknesses. 📈 Target and Rest Period Upon reaching 1.31921, the price will likely take a rest before creating new market structures, allowing us to find new triggers for decisions. If this area breaks, the next target on the weekly chart is 1.36736. 📉 Bearish Scenario If the price reverses the entire recent upward move and breaks the curved trend line, activating the 1.26262 trigger, we can expect a downward movement. The main trigger is 1.23585, with targets at 1.20909 and 1.18253. 📅 Daily Time Frame Analysis Let's examine the daily time frame to observe price behavior in more detail. After multiple tests of the 1.28019 resistance, the price finally stabilized above it, driven significantly by the recent US CPI news which weakened the US dollar, causing pairs against the dollar to rise. 📰 US CPI Impact The US CPI report showed a decrease in inflation, causing the DXY to drop. Lower inflation reduces investment appeal in the country, leading to a weaker currency. As the dollar weakens, pairs like GBPUSD rise. 💣 RSI and Momentum The RSI has entered the overbought (OB) zone, indicating strong bullish momentum in the market. The price hasn't taken a break, showing only one red candle in the last 12 and forming no structures for a clear trigger. 🎈 SMA99 As previously mentioned, the SMA99 acts like a black hole, pulling prices towards it if they move too far away. Currently, the price isn't too far from the SMA99, suggesting more upward movement potential. However, if it moves too far, the SMA99's "black hole" effect could come into play. 📈 Long Position Strategy For a long position in this time frame, we should wait for the price to form a new structure. We could also look at lower time frames like 4-hour or 1-hour charts to find suitable long triggers. In this time frame, patience is key before opening a long position. 📉 Short Position Strategy The short position trigger remains the same as on the weekly chart. We need to wait for the curved trend line to break and activate the 1.26262 or 1.23585 triggers. 🔍 DXY Chart Analysis The DXY chart on the daily time frame shows a large ascending triangle, with a previous false breakout and a move back up from the 100.883 support. The recent upward move failed to reach the 107.017 resistance and turned back from 106.338, a strong supply area making it difficult for the price to stabilize above this range. 🔫 Short-Term DXY View On a smaller scale, the DXY has a ranging box between 104.039 and 106.338. The recent upward move couldn’t reach the box ceiling, and with the main ceiling at 107.017, this confirms significant upward trend weakness. 🪓 RSI Confirmation A drop below 38.71 in the RSI confirms the entry of bearish momentum into the market. If the price breaks the ascending trend line and stabilizes below 104.039, downward momentum will drive the market. 📰 Fundamental Weakness in USD As highlighted in the GBPUSD analysis, the USD is weakening fundamentally, adding another layer of confirmation for a potential DXY decline. 🎯 DXY Targets The initial target for a DXY drop is 102.688, with a second target at 100.883. Upon reaching these targets, the price will likely range for an extended period, forming a new structure for either a drop or a rise. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Long
by itsparham96
1
Tesla's Shocking Plunge: Is the Bubble Finally Bursting?This is a Walk through of How i Took Advantage of the Giant Move on TSLA Current Price Action: The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%). Liquidity Zones (LQZ) / Take Profit (TP) Levels: There are two marked LQZ/TP levels: LQZ/TP 1 at $263.53 LQZ/TP 2 at $270.21 Support and Resistance: Multiple dashed lines indicate key support and resistance levels: $138.36, $142.18, $145.51 (support zones) $159.45, $168.98, $173.21, $175.92 (support/resistance zones) $260.27 (resistance) $300.01 (resistance) Trend Lines: A downward-sloping trend line (dashed blue) from previous highs suggests a long-term bearish trend. Price recently broke above this trend line, indicating a potential change in trend or a strong bullish move. Candlestick Patterns: Recent candlesticks show a strong upward move followed by a pullback, which is typical after a strong rally. Volume: Volume is indicated, with the latest volume bar showing 6.468 million shares traded.
NASDAQ:TSLA
by Adlercon333
Bitcoin: Exploring Long-Term and Short-Term Scenarios📅 Let's dive into today's analysis, focusing on Bitcoin in the 1D time frame to examine both long-term and short-term scenarios. 🔍 Daily Time Frame Analysis Bitcoin has experienced a decline after breaking the support at 60303, producing a large, high-volume candle and also breaking the 58429 level. However, it has not yet managed to stabilize below this area and is currently in a resting phase. ⌛️ Recent Market Behavior Not much time has passed since the last analysis, and as predicted, after the selloff candle, the market entered a ranging phase with reduced volatility. This has indeed occurred, with volume decreasing during the ranging market. The long upper shadows on recent candles indicate that sellers have the upper hand and bearish momentum is present. 🧲 SMA25 Analysis The SMA25 indicator had moved away from the candles, contributing to the market's ranging and pullback behavior. One of the properties of moving averages is that they attract the price towards themselves like a black hole, or the price ranges until the moving average reaches it. As the SMA25 approaches the candles, we can expect new bearish momentum to enter the market. If the price stabilizes above this moving average, the trend could potentially become bullish again. Confirmation of this breakout would be with a candle stabilizing above 60303. 📊 Volume Analysis The volume is strongly confirming the trend. During declines, the volume increases, and during upward corrections, the volume decreases. This indicates that the volume is converging with the Medium Wave Cycle (MWC) trend and could also influence the High Wave Cycle (HWC) trend. 📈 Bullish Confirmation Relying solely on SMA for bullish confirmation is not very reliable due to its high error rate. From a price action perspective, if we want to confirm a bullish market, we can expect the price to move upwards with stabilization above the 63018 area. The target for this move could be the next resistance at 71607. Breaking 45.39 in the RSI can also confirm this upward breakout. 📉 Bearish Scenarios In case of further market decline, there is a significant support around the 55k area, which is more visible in the 4-hour time frame and coincides with the 0.5 Fibonacci level. If this area is broken, we can expect the price to move at least to the 0.618 area, which is a logical target from a price action perspective and lies between 50k and 53k. This is a very important area that can prevent further price decline. The last support is at 46969, and if the price stabilizes below this support, the HWC trend in Bitcoin will change from bullish to bearish. 🛒 Buying Strategy in Spot For buying Bitcoin in the spot market, it is better to wait until buying volume enters the market and the price stabilizes above 63471. This assumes the price moves upwards without creating a ranging box for buying. If the price ranges in the current area, we can buy upon breaking the range ceiling. If the price starts to decline, we can buy spot with confirmation from candles in the 50k or 46k areas. Be sure to manage your capital and set stop-losses to limit potential losses if the market declines further. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Short
by itsparham96