Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
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Lingrid | EURNZD bearish MOMENTUM on the DAILY. Short The price perfectly fulfilled my last idea. FX:EURNZD made a significant nosedive on the daily timeframe but has since pulled back after bouncing off a support level. This pullback resulted in a 50% retracement, with rejection candles appearing on the daily chart. Currently, the price is testing the psychological level of 1.8000, and it's evident that the market is moving sideways just below this level, indicating that bears are beginning to show downward pressure. Given this setup, I anticipate a potential fake breakout or a price squeeze at the resistance, which could then lead to a subsequent bearish move. My target is support level at 1.77800
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Hellena | GOLD (4H): Short to 50% Fibo lvl 2443 (Wave "2").Dear colleagues, I assume that the correction of wave “2” is still to come. This means that the price may update the nearest maximum and reach the area of 2520, which will mean the completion of the impulse in wave “1”.
Then I expect the beginning of the downward movement in the area of 50% Fibonacci level to the area of 2443.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | XRPUSDT Possible Opportunity to Short the MARKETBINANCE:XRPUSDT has been in a bearish trend for the past three weeks, creating by lower lows and lower closes. On the daily timeframe, the price action is in a significant consolidation zone between the 0.62 and 0.50 price levels. As the market continues to push down towards the bottom of this range, I believe there is a likelihood of a retest of the support area. If we examine the 0.550 zone closely, we can see that it has been respected multiple times in the past. If the market shows a rejection at this level, it could present a solid opportunity to short, anticipating a retest of the bottom of the consolidation range. My target is support zone around 0.50
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XAU/USD Weekly Analysis: A Challenging Market AheadIt's been a challenging few weeks for XAU/USD traders, especially for those of us who prefer swing trading with larger targets.
As a directional trader, I usually aim for 400-500 pips per trade, but the recent market conditions have tested my strategy. With the total range being only around 600 pips over the past couple of weeks, volatility has been limited from my point of view, making it tough to find those big moves.
NFP Data and Gold’s Reaction:
On Friday, the NFP data came in at 143K, lower than the market's expectations. This weaker-than-expected jobs number suggests that the Federal Reserve could feel more comfortable cutting interest rates in the near future, as economic data softens.
Immediately after the release, gold initially rallied, touching a key resistance level at its previous all-time high. However, the bullish momentum didn't hold. Gold soon dropped after hitting this level, signaling significant resistance.
Key Levels and Market Sentiment:
As I’ve mentioned in previous analyses, the resistance zone that gold initially touched after the NFP release was critical for any continuation of the uptrend. Despite some initial volatility, the price fell below an interim support zone around 2505, and by the end of Friday's session, gold had dipped below the critical 2500 level.
Technical Outlook: Bearish Signs on the Horizon?
Looking at the daily chart, Friday's session closed with a bearish engulfing pattern, a strong bearish indicator. As I mentioned, it also closed below both the 2505 interim support and the 2500 key level.
Zooming out to the weekly chart, we see the formation of a doji pattern, a classic sign of market indecision and potential reversal. This topping formation aligns with the bearish sentiment seen in shorter timeframes.
Strategy for the Upcoming Week:
With these factors in mind, I stayed out of the market on Friday, believing we are at a critical juncture. Moving forward, I plan to look for sell opportunities on rallies.
The 2505 resistance zone, which previously acted as support, could offer ideal selling opportunities if gold retests this level. If the price continues to move lower and approaches the 2475 support zone, my expectation is that this level will eventually give way.
In fact, my target for the next significant move in gold is between 2430 and 2440, where I believe the next major support lies.
Conclusion:
As we move into next week, the key will be to watch how gold reacts at these critical resistance and support zones. If bearish momentum continues, we could see further downside. As always, I’ll provide an updated analysis once the market opens on Monday.
Stay tuned, and enjoy the weekend!
Mihai Iacob
Can $Maker (MKR) make it?Maker is a smart contract lending platform that enables users to take out loans by locking in collateral in exchange for Dai
Maker price today is $775 with a 24 hour trading volume of 69 million dollar! MKR price is up 15% in the last 24 hours
US CPI Inflation data will be coming up today 10th November at 7:00PM IST and it can effect the market too
MKR going to hit 830 and if bulls break that resistance 840,845 and 850 are next targets
Rocket Pool / RPL analysis The price of RPL is $52 today with a 24hour trading volume of 80 million dollars. This represents a 6% price increase in the last 24 hours and a 100% price increase in the past 30 days and well yes 555000% since 4 years ago! Just think about it for a moment...thanks to eth Shanghai upgrade
Rocket Pool is a decentralized Ethereum staking pool offering up to 4% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards. Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of rebasing their staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes socialized across the network, users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.
now lets look at the chart
Rpl pumped almost 70% since binance listing and the price moves in a rising channel and even broke that at 49 which make it even more bullish,next targets are 53,55, 57 and 59 don't forget stop-loss too
Armstrong has heard rumors that the U.S. Securities and Exchange Commission is planning to entirely ban crypto staking for retail investors. what do you think?
XAU/USD Correction Nears End: Preparing for Further Downside?In my weekend analysis and yesterday’s video, I expressed the view that XAU/USD has turned bearish in the mid-term, with the potential for a drop below the 2475 support zone.
After initially pulling back to the NFP low, the price rebounded and returned to my sell zone between 2505-2510 (as previously explained). However, this recovery from 2485 seems more corrective and overlapping in nature, lacking strong momentum. After reaching a local high near 2507, the price began to roll over again.
Confirmation of a lower high and the end of this correction would come with a drop below 2500, which would once again expose the 2475 support zone. Additionally, a retest of this level could potentially lead to a break, bringing my mid-term target of 2440 into focus.
At this point, I maintain my bearish outlook on gold and for the short term 2475 is my target.
Lingrid | EURUSD experiences CORRECTION After hitting ResistanceThe price perfectly fulfilled my last idea. FX:EURUSD formed a tweezer candle pattern on the weekly timeframe, signaling a potential reversal. This pattern suggests that the recent price action may have been a false breakout of the 1.1200. Since June, we've experienced a significant bullish movement, and it appears that the time for a correction has arrived. I anticipate a complex pullback, likely in the form of an ABC move, especially since the price has broken and closed below the key upward trendline that it has respected for the past two months. I believe the market may test levels below the psychological level of 1.1000. My target is support level at 1.09800
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Hellena | EUR/USD (4H): Long to the resistance area 1.12998.Dear Colleagues, In the last forecast I expected a deeper correction, but it didn't happen. Well, so the price is in a strong bullish movement and at the moment I expect the price to complete wave “3” and start a small correction in wave “4” 1.10671, then I expect the resumption of the upward movement and the beginning of wave “5”, which will update the maximum 1.12331 and come to the resistance area 1.12998.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Short to 50% Fibo lvl area 5374.Dear colleagues, at the moment I believe that the price is in the upward impulse of wave “1”, I assume that soon it will end and the correction to the area of 50% Fibonacci level 5374 will begin. It is quite possible that the price is already completing wave “1” and the downward movement will start soon.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | BITCOIN Faces Continued DECLINE amid BEAR PressuresThe price perfectly fulfills my previous idea. It hit target level. BINANCE:BTCUSDT in continues to trend downward, showing a lack of buying pressure since the last week of August. The price action has consistently produced lower lows and lower closes. Even on the daily timeframe, we’re seeing these lower lows, despite a recent false breakout below the July low, with the price hovering around that area once again. Historically, September has been a challenging month for Bitcoin, often showing negative performance. This suggests there is a likelihood of the price moving further down, possibly breaching the 50,000 level and targeting the support zone between 48,000 and 45,000. Should the price reach this area, we could potentially see a strong bounce and the beginning of a new bullish trend. My target is support level at 51220.00
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BTCUSDT Opportunity for a Drop from 60KBTCUSDT is trending downward toward the lower end of its consolidation zone. The market has been fluctuating between 52K and 72K since April. Now, it looks poised to retest the bottom of this range, especially after breaking and closing below the key psychological level at 60K. On the weekly timeframe, the price also broke and closed below the prior week's low, forming a significant bearish candle. This suggests that bearish momentum may continue. The target is the support level at 54,000
SOLUSDT Trend continuation tradeSOLUSDT has been ranging between the 140 and 160 levels, but it has recently broken and closed below this range. This indicates a shift in market dynamics. The market might be heading to retest the area where we observed a bullish impulse leg previously. The break below the upward trendline suggests that the price has entered a consolidating phase, which was signaled by the price being above the trendline and showing bullish momentum. Given this context, the market is expected to push a little further down towards a key round number, which could act as a psychological level of support. The target is support level at 120
DXY's Trend in Question: Support Holding, But Bulls need 102In my Friday analysis, I mentioned that if the DXY drops below the support zone, defined by the recent low and the year's starting price, we could expect further downside.
Initially, following the release of the NFP data, the price did decline, but it quickly reversed after reaching the support level, forming a strong bullish reversal candle with a long tail on the chart.
While we can't confirm a trend reversal yet and USD bulls are still not in out of the woods, as long as this support holds, there is a strong possibility of a move to the upside.
For a clearer medium-term outlook, we need a break above the 102 level.
If this happens, the path to 104 should open up, and we can expect the price to rise toward that zone.
BTTCUSDT(BitTorrent) Updated till 08-09-24BTTCUSDT(BitTorrent) Daily timeframe range. PA is holding the current level for a while now. which is good compare to the market. its trying for 0.00000096 a little bit volume may help it there. closing above clean can push it further. local support at 0.00000072.
Bitcoin's Price Struggles: A Bearish Short-Term OutlookAfter dipping to 50k in early August, Bitcoin staged a recovery and climbed to 65k. However, the bullish momentum lacked follow-through, as buyers were unable to push past the resistance of a large flag pattern that has kept Bitcoin in a corrective phase for months.
In the short term, Bitcoin’s price pulled back down from 65k, initially forming what looked like a falling wedge—a potential bullish reversal pattern.
Unfortunately, this formation did not hold, and Bitcoin experienced another breakdown.
Currently, the short-term outlook is bearish, with resistance around the 55,500-56k zone.
Short-term traders may consider selling in this range, targeting a move back to 50k if a new leg downward materializes.
This bearish scenario would be invalidated if the price stabilizes above the 58k level.
BNXUSDT(BinaryX) Updated till 07-09-24BNXUSDT(BinaryX) Daily timeframe range. even on red day when many alts going to its low or creating new low its holding like a beast. PA is outperforming many things at once. breaking 1.6644 clean will push to price discovery and new high. local support at 1.1891.
Lingrid | BITCOIN short OPPORTUNITY at 60K levelBINANCE:BTCUSDT is moving downward toward the bottom of the consolidation zone. For context, the market has been oscillating between the 52K and 72K levels since April. Currently, I believe the market may retest the bottom of this zone, especially after it broke and closed below the psychological level at 60K. On the weekly timeframe, we have also broken and closed below the previous week's low, forming a large bearish candle. As a result, I expect the continuation of this bearish momentum. My target is support level 54000.
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ETH/USDT: High-Volume Breakout, Downside Risk -19.34%?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:ETHUSDT
In the H4 timeframe, the price stubbornly stays below the EMA100, reinforcing the strong bearish trend we've been watching . A rising wedge pattern had formed, but recently, the price took a dive, breaking out of that pattern with high trading volume—never a good sign for the bulls. Adding fuel to the fire, the MACD has made a bearish crossover, with the MACD line slipping below the signal line, signaling that the downward momentum is picking up steam.
With all these technical indicators lining up, we’re eyeing a potential continuation of this downward journey toward Target Area 1 at 2,252.90 or even Target Area 2 at 2,073.77. However, bulls might find some hope if the price manages to break above the resistance level at 2,855.96.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
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Ethereum could test 2k zoneAt the beginning of August, ETH/USD broke below the crucial $2,900 support level, accelerating to the downside and reaching a low of $2,300.
As expected, a recovery followed, with a retest of the broken level. However, despite two attempts by bulls to reclaim the newly formed resistance in August, both efforts failed, and the price subsequently rolled back down to the recent lows.
Currently, Ethereum seems to be pressing downward again, and a break below the $2,350 zone could trigger a further correction toward the $2,000 level.
I remain bearish as long as the price stays below $2,600.
Lingrid | AUDCHF: Potential CHANNEL breakout FX:AUDCHF is currently consolidating after breaking and closing below the psychological level of 0.5700. The overall trend remains bearish, and the market has recently bounced off the resistance zone. Looking at the daily chart, we can observe a sell-off followed by a pullback to the 61.8% Fibonacci retracement level. The price has consolidated around this psychological level before moving lower, breaking through last week's lows. I believe the market is poised to break through the channel's border, which could indicate a continuation of bearish momentum. My goal is support level 0.56400
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