Lingrid | SUIUSDT rolled back After Reaching NEW Highs The price perfectly fulfills my last idea. It hit the target level. BINANCE:SUIUSDT pulled back without reaching the psychological level of 5.00. Instead of making a new higher high, the price formed a double top and rolled back. I anticipate that the market may pull back toward the support level around 4.00. If the price bounces off this support level or creates a trend continuation pattern, I expect the market to continue moving higher. My goal is resistance zone around 5.00
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Signals
USOIL Will Go Down! Sell!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 71.095.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 70.000 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NQ1! BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 21,219.75 level.
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Gold at support- But is too obvious... (update)In my morning video analysis, I noted that after yesterday's strong bearish engulfing candle, the most likely scenario was a continuation of the down move, with the next support level identified around the 2660-2665 zone.
The price indeed reached this area, but I believe this support is too obvious and likely to break, instead of a meaningful reversal.
At this point, it is very risky to trade against the flow.
A more prudent approach would be to wait for rallies and consider selling at higher levels.
Solana- Towards 300 into year's end?Solana has been one of the standout performers this year(from large market caps), with its price steadily climbing around 300%.
In March, Solana’s market cap hit a new all-time high, following a price ATH in November. After this achievement, the price experienced a healthy 20% correction, pausing in an old resistance zone that has now turned into support.
Currently, the price has formed a bullish flag, signaling potential upside momentum. A breakout above the flag’s resistance could lead to another leg higher. As long as the $200 support zone holds, a move toward the next major level at $300 appears likely. Buying dips is the preferred strategy.
GOLD--> Testing $2700: What Awaits with Upcoming PPI?OANDA:XAUUSD at the time of writing, prices are fluctuating around $2706, down 0.42% for the day, with not enough momentum to break the $2711 level.
Meanwhile, buyers seem to have paused as the market prepares for the upcoming Producer Price Index (PPI) on Thursday. This report is expected to shed more light on the Federal Reserve’s rate-cut trajectory, keeping investors cautious.
While prices are currently hovering around a minor pullback, some fundamental factors suggest that any drop may only be short-lived. Treasury yields have steadily declined throughout the year, a trend that typically supports gold. Moreover, persistent geopolitical tensions remain a strong driver for safe-haven demand, reinforcing the allure of the yellow metal.
On inflation, while consumer prices have stopped rising aggressively, they remain stable. This stability makes it almost certain that the Federal Reserve will proceed with a 25 basis-point rate cut at its December 17-18 policy meeting. In fact, traders are pricing in a 96% probability of this move, up from 86% before the recent inflation report.
From a technical perspective, gold is attempting to escape its main range, breaking key resistance. The focus is on $2700 and $2670. If buyers hold their ground in this region even after the news, prices will continue to grow in the future, as key liquidity zones remain untested. This projected growth is expected to reach levels such as $2758 and $2790.
Always stay ahead of the market with Bentradegold—your trusted source for analysis and deep insights!
GOLD → Wedge has formed. What next?OANDA:XAUUSD consolidation has been completed as investors rush to take profits after the precious metal’s consecutive price increases, reaching the highest level in more than 5 weeks earlier in the session. Prices are currently testing the gap around 2683 - 2670 (FVG). What’s next?
Focusing on policy guidance related to the future of U.S. policies is crucial to determining the certainty of the market's next bullish wave. According to the CME FedWatch tool, there is a 98% probability that the Federal Reserve will cut interest rates at next week's policy meeting. Alex Ebkarian, CEO of Allegiance Gold, notes that the Fed is in a very difficult position as the likelihood of a rate cut next week increases, but inflation remains elevated.
From a technical perspective, gold is attempting to escape the battlefield, crossing a key resistance level. A breakout at 2687 has already been established. In theory, the development tends to push prices higher. If gold breaks out of the resistance size, it will provide distribution momentum. Conversely, prices may consolidate further. Ultimately, everything depends on the dollar.
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Bentradegold !
COMP. DeFi's Hidden Gem. 12/14/24The token price has been trading sideways for a while but recently broke out of this range, signaling potential growth ahead. Additionally, it has broken resistance and performed a textbook retest of this level, providing another positive signal for continuation to the upside.
Personally, I’m expecting a pump from #COMP.
Let’s see how it plays out!
DYOR.
BITCOIN The three Expansion Phases of the Cycle.We have talked about Bitcoin (BTCUSD) hitting the $100k Target on numerous analyses and one of those was almost 4 months ago (August 26, see chart below), where we introduced the 2-year Channel Up, which has been the dominant pattern since the very beginning of the new Bull Cycle:
That piece of analysis was on the 1M time-frame but today we will examine it from the 1W perspective as the horizon narrows. We have made some slight modifications and the one that stands out is that we've classified it on Expansion Phases.
The key characteristic of those was the mid-Phase consolidation, which on the previous 2 took place within the 0.382 - 0.5 Fibonacci range, while the 1W RSI also turned sideways for the first time since the Channel Up bottomed.
With this marker, the consolidation phase is easily identifiable and according to it, we are currently on once. As a result, we can assume that we are within the 0.382 - 0.5 Fib range of Expansion Phase 3. This indicates that there is still plenty of room to rise. Based on that, a $150k Target is technically plausible before Summer.
So do you expect to reach 150000 so fast, if we do at all during this Cycle? Feel free to let us know in the comments section below!
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ARB 1D. Ready for a Breakout. 12/14/24Currently, the price is consolidating between support at $0.8313 and resistance at $1.1354. During the recent correction, the support level was held, signaling bullish sentiment among buyers.
It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about potential drawdowns, reversal levels are highlighted where additional entries can be made if needed.
Here are my parameters:
Entry Point (EP): Current price
Take Profit (TP): $1.6450, $1.9204, $2.2746
Stop Loss (SL): $0.7923
PEPE. Smart Money Is Betting Big on PEPE. 12/14/24On December 10th, nine wallets (likely belonging to the same investor) invested 13.8 million DAI to purchase 555 billion PEPE, with an average buying price of $0.000025.
I believe that #PEPE is a dark horse that could deliver a major surprise by the end of this cycle. However, always keep in mind the potential scenario where we may drop to retest the mirrored level at any moment.
A possible strategy: allocate 25% of your intended investment at the current price and set 2-3 limit orders down to the support level marked on the chart. The target is also indicated on the chart.
DYOR.
USD_CHF RISKY SHORT|
✅USD_CHF is retesting a resistance level of 0.8957
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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USD-CAD Bullish Breakout! Buy!
Hello,Traders!
USD-CAD is trading in a
Strong uptrend and the
pair made a breakout of
The key horizontal level
Of 1.4180 and the breakout
Is confirmed so we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
DXY Best level for a long-term short.The U.S. Dollar index (DXY) has been trading within a 1.5 year Channel Up pattern (since July 14 2023) and just 2 weeks ago it formed a Golden Cross on the 1D time-frame. Having hit the pattern's top a week earlier, the current rebound seems to technically be part of the Lower Highs/ Lower Lows top formation, similar to October 03 - November 01 2023 peak.
That was 1 year again, a peak formation that was also formed after a 1D Golden Cross. This indicates that the long-term pattern (Channel Up) is highly symmetrical and as the 1W RSI is also declining after a rejection on the 70.00 overbought barrier, we consider the current level the best possible short entry.
The Bearish Leg that followed the 2023 High extended as low as the 0.786 Fibonacci level. As a result, we expect to see at least 102.000 (just above the 0.786 Fib) before any signs of a rebound.
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CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity.
The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025.
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US100 Is Very Bearish! Short!
Take a look at our analysis for US100.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 21,766.7.
The above observations make me that the market will inevitably achieve 20,570.5 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN Is Going Up! Buy!
Please, check our technical outlook for BITCOIN.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 100,153.20.
Taking into consideration the structure & trend analysis, I believe that the market will reach 102,181.06 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPNZD Will Grow! Long!
Here is our detailed technical review for GBPNZD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.192.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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AUDNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDNZD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.104.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.098 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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