Lingrid | EURUSD pullback CONTINUATIONThe price perfectly fulfilled my last idea. It played out nicely; it hit the targeted level. The market gapped up this morning, and FX:EURUSD has rebounded off the support level at 1.08000. On the daily timeframe, we can see a strong bullish candle that has broke through the last month's high. The 4H timeframe also reflects a bullish trend, and a breakout above the resistance level at 1.0900 indicates a continuation of this upward momentum. Meanwhile, the TVC:DXY has bounced off a strong resistance zone, suggesting that it might test lower levels. Overall, I expect a test of the psychological level as well as an upward channel. My goal is the resistance at 1.10000
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Set to Overcome Resistance, Aiming for New Highs?Hey Realistic Traders, let's dive into the technical analysis of SAXO:USDCAD
USDCAD has moved above the EMA200 line again, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of a falling wedge pattern and experienced a MACD bullish crossover, where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 1.39423. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 1.40352.
Additional Information:
The prospect of a stronger USDOLLAR also contributes to the recent rally of USDCAD.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
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 USDCAD."
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GFTUSDT(Gifto) Daily tf Range Updated till 05-08-24GFTUSDT(Gifto) Daily timeframe range. where market is getting ran over by a truck. this thing outperforming many things at once. holding real strong till now. going over 0.03430 open a door to price discovery. recent retrace point at 0.02612.
OKB | The Best Crypto Exchange token The price of OKB is 53 today with a 24hour trading volume of 144 million dollar . This represents a 13% price increase in the last 24 hours and 170% since last year
bear market is the best time to assessment and judge crypto projects and exchanges now lets look at Performance of cryptocurrency exchange platform coins in the past 360 days
OKB -8%
BNB -20%
HT -58%
CRO -82%
FTT -95%
OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx.The OKB token plays an important role in the OKEx ecosystem, It allows users to receive up to a 40% discount on transactions The OK Exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx has become a world-leading trading floor since its launch in 2017.Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. long story short the team and founders are pros.
the daily vol and most indicators are bullish and positives and Okb is ready for higher targets like 55 and 57$
XAUUSD OUTLOOK - August 4 2024With the month of August rolling over, we have already seen massive sell offs for individuals looking to get into premium long positions. At this stage, the market is highly sensitive and we will be looking for continuation longs into new ATH territory once our lower retracements and POIs have been met.
- Long considerations at 2400~2410, 2430~2440.
- Short considerations at 2460s & 2440s.
FORUSDT(ForTube) Daily tf Range Updated till 04-08-24FORUSDT(ForTube) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trying to get over 0.01725 for a while now but lack of volume is a problem. 0.01209 is a old support that needs to hold or else back to price discovery.
Lingrid | GBPAUD long from the SUPPORTFX:GBPAUD is currently moving sideways following the pullback from the resistance zone, which has resulted in a complex pullback formation. The price has shown respect for the upward trendline, and I believe it may rise to test resistance if it pulls back to the support zone. I'm looking for a pullback opportunity, and I expect to enter a long position from there. My goal is to resistance 1.97430
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Lingrid | EURUSD potential LONG from SUPPORT levelThe price perfectly fulfilled my last idea. It hit the target level. FX:EURUSD has broken through the previous week's low, creating an impulsive leg down but later it quickly rolled back and closed above it. On the 4H timeframe, we're seeing a divergence at support level. The price has fallen below range zone and may retest the middle of that zone and even move higher. I believe the market could pull back from the pschological level at 1.08000, especially if upcoming news is favorable. I anticipate that the price to move higher since we have long-tailed bar at support that showed a fake breakout. My goal is to resistance zone at 1.08900
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ELFUSDT(aelf) Daily tf Range Updated till 03-08-24ELFUSDT(aelf) Daily timeframe range. another alt on Monitoring state at binance so gotta trade it carefully. its trapped between 0.3762-0.4634 for a while now. staying above 0.3762 will eventually give a chance to try again at 0.4634. need retail interest there.
Alikze »» XAUUSD| Completion of leg 3 or C...?🔍 Technical analysis: Completion of leg 3 or C
- According to the analysis presented in the recent posts here and here , after the completion of the wave B, a rising leg C or 3 was formed, which has so far returned more than 1.618 of the previous wave in the supply zone.
- Considering that a bearish candle is formed in the 4H time frame, any upward correction can be to collect liquidity for a short-term correction.
- Therefore, I expect the correction to extend at least to the compression area of 100 fibo of the previous wave and touch the next level or the next node in case of selling pressure.
💎 In addition, if confirmed, this ascending cycle can be the format of its movement, which can form the next ascending leg, which will be updated if the behavior and structure of the post changes.
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OANDA:XAUUSD
Gold is pressing for a break, will NFP bring new ATH?Yesterday was a highly volatile day for gold.
Initially, XAU/USD experienced a drop in support.
However, it quickly reversed its trend and moved upward. After reaching 2460, the price fell sharply back to support levels.
Overnight, another drop to support was met with strong buying power, resulting in a long-tailed pin bar on the hourly chart.
At the time of writing, the price has returned to resistance (2460 zone)
Judging by the price action over the past 24 hours, I believe gold is poised for an upward break. If I'm correct, the measured target is 2490, and we could even see 2500 today if there is a genuine break and the NFP report surprises.
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.
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT
From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33.
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 Solana."
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Lingrid | GOLD ready to TEST the PSYCHOLOGICAL level of 2500 ?The market moved higher following the news release. Yesterday's daily candlestick was a doji, and I believe the market is poised to break through it to retest the previous resistance at the all-time high level. Since the market hasn't yet tested the psychological level at 2500, there's a possibility it might do so today. The price action shows bullish momentum, and it recently broke and closed above the 2450 level. I anticipate that the market may create a range around the resistance zone at 2480 or even form some pullback from it. However, if the upcoming news favors gold, the market may surpass the previous month's high and move higher level. My target is the resistance zone at 2495.
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Lingrid | CHFJPY short from KEY RESISTANCE zoneFX:CHFJPY is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580
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Lingrid | TONUSDT continues to MOVE sideways Since the last post, not much has changed; OKX:TONUSDT continues to move sideways at the key support level. As you can observe, the market is testing the channel border, and the price has bounced off this area twice before. We saw a similar situation in May, when the market remained in a consolidation zone for a couple of weeks before making a strong surge. I believe the market may form a long-tailed bar, indicating a spike down that could serve as a fake breakout, followed by a bullish move toward resistance. My goal is resistance zone at 7.350
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AMBUSDT(AirDAO) Daily tf Range Updated till 02-08-24AMBUSDT(AirDAO) Daily timeframe range. its on Monitoring state at binance so gotta trade it carefully. now it retraced quite a space from its new low. trying to stay over 0.00926 but still need a valid close for that. local support point at 0.00714.
UsdCad- Will it finally break 1.4? (Swing trade idea)USD/CAD is currently trading around the 1.3850 resistance zone, a level that has been tested repeatedly since September 2022, each time resulting in a decline.
However, this year, after testing this resistance, the bears haven't managed to push the price down to its previous support levels. Instead, a higher support has formed at 1.36.
The recent rise from 1.36 has been impulsive, suggesting strong upward momentum.
This leads me to believe that a break above the current resistance is likely, potentially pushing the price above 1.4.
In conclusion, dips towards 1.37 should be considered buying opportunities, aiming for a favorable risk-to-reward ratio with a target around 1.41.
Alikze »»TIA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- It is moving in a downward channel in the daily and 4H time frames.
- It is located in the middle of the channel and within the liquidity zone. If it can be placed above the region and the middle of the channel, it can retest the ceiling of the supply range channel.
- The most important resistance for an upward trend is the $12.5 range.
- By breaking the $12.5 range, it can have an upward trend. Otherwise, the downward trend will continue.
💎 Alternative scenario: If selling pressure is encountered in the current range and the middle of the channel, the first downward target will be the bottom range of the channel and then the target of 6.25.
💎 In addition, if this channel is broken, it can touch the green box area as much as the width of the channel.
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Alikze »» ID | Multiple combined correction form💎 In the daily and weekly time, after a complete 5-wave upward cycle, it faced supply in the area of 1.84 and a corrective form took place.
💎 According to the current correctional structure, a combined multiple correction is underway, which can continue until the specified areas.
💎 Therefore, as long as it is below the price of 0.79, it can go through the specified correction process.
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It's imperative for bulls to hold 63.500
In my weekend analysis, I mentioned that BTC looked bullish across all time frames. The beginning of this week was promising for BTC, but enthusiasm faded at 70k, and the price started to decline.
Currently, the price is at 64k, just above the 63,500 support level. This support is crucial for the medium-term price evolution. If the bulls cannot maintain the price above this level, we might see a drop below 60k, potentially negating my prediction of 100k by the end of the year.
At this moment, I'm neutral on BTC. If the price breaks below the support, I will exit with a loss. Only a return to the 68-69k zone would bring some optimism back.
Gold Ends Month on a High Note with Key BreakoutsGold finished the month on a very optimistic note, reversing 1000 pips from the recent low. More importantly, the month-end brought three significant breaks for bulls:
1. A break above the 2390 confluence resistance.
2. A break above the 2400 psychological level.
3. A break above last week’s high of 2430.
With this positive momentum, further gains and a test of the 2500 level are expected soon.
Technical Outlook and Strategy:
From a technical standpoint, the recently broken resistance levels should now act as support.
In this zone, I will look for buying opportunities.
The initial target could be the last all-time high (ATH), but if the price continues rising toward that zone, I believe it will break above it.
Consequently, bulls are likely to push the price above 2500 to test new highs.
Overall, the current market sentiment and technicals suggest a strong bullish trend for Gold, making it an attractive prospect for traders looking for buying opportunities.
Lingrid | GOLD pullback and trend CONTINUATION OpportunityThe price perfectly fulfilled my last idea. The July monthly candle closed very bullish, closing above June's high but failing to close above high of May. Nonetheless, this bullish close suggests that OANDA:XAUUSD may target the 2500 level. Currently, the market appears to be pulling back following a strong bullish rally. The support zone between 2400 and 2415 looks like a potential area to consider long positions, if the price shows bullish signal. I anticipate a retest of the resistance zone from this support level, as we are observing a typical breakout-pullback-continuation scenario. However, there remains the possibility that following any news release, the price might dip lower. Overall, I'm optimistic about the potential for a bullish scenario, provided the support holds and confirms with bullish signals. My target is resistance zone at 2460.
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