SushiSwap (SUSHI)📊 SUSHI Analysis
🔹 General Overview:
SUSHI coin managed to break out of its descending channel from the top and reach its weekly timeframe resistance. This resistance could lead to a price correction. The RSI has entered the overbought zone, but another significant resistance still lies ahead.
🔹 Weekly Timeframe Analysis:
If the price manages to break the white weekly resistance zone, it could trigger a sharp move towards the Fibonacci targets:
1.618
2.618
3.618
🔹 Investment Recommendation:
✅ We recommend a laddered entry strategy for investing in this cryptocurrency:
One entry at the current market price.
Another entry if the price corrects downward.
A final entry if the weekly resistance is broken.
🔹 Long-Term Outlook:
Given SUSHI's functionality and low market cap, it has the potential to revisit its previous all-time high. However, gradual profit-taking in the red zones is essential.
🔹 Additional Notes:
1️⃣ Volume Analysis:
An increase in trading volume near the weekly resistance could indicate strong buying pressure. If the breakout is accompanied by high volume, the likelihood of a sharp move increases.
2️⃣ Price Behavior During Correction:
During a correction, observe whether the price drops slowly with low volume or quickly with high volume. A slow correction often signals accumulation by buyers.
3️⃣ Impact of Overall Market (BTC & ETH):
The general market condition, especially Bitcoin and Ethereum trends, heavily influence smaller coins like SUSHI. Ensure the overall market trend is positive.
4️⃣ Timing Investments:
Given the likelihood of a correction near resistance, avoid rushing in. The proposed laddered entry strategy can help mitigate risks.
5️⃣ Monitoring SUSHI's Fundamentals:
Stay updated on SUSHI’s protocol upgrades, new partnerships, or management changes, as these can significantly influence price trends.
💡 Conclusion:
Stay in the game with proper risk and capital management.
Technical Analysis
CRYPTO: ADAUSD trading plan. This is a trade I am currently looking at. I would be taking a LONG position if the price breakthrough the upper rectangular box and a SHORT position if the price breakthrough the lower rectangular box . Currently, I am more interested on the Long position. However, this is only a plan. Please take note that trading is about dealing and respecting the market trend. I do not make predictions.
FOREX: NZDSGD Short made on 4/12/2024. 0 risk holding 1) This is a trade I am holding right now. The entry point is 0.78965. The stop loss was placed on
0.79191.
2) The current risk and reward ratio is 3 and we are still holding it.
3) We have execute of tracking take profit currently as it meets our requirement.
4) We are targeting 0.77834. It is my take profit.
Feel free to ask me anything:)
CRYPTO: XRPUSD EASY TRADE Based on our on strategy, we have execute a long position on XRPUSD at the price of 1.5491 and we set our stop loss at 1.4616 according to our strategy. The market moved smoothly and meet our requirement of using our Tracking Take Profit .Still, according to our strategy, we moved our stop loss to the price of 2.5131. The market made it to the highest price of 2.9000. In this period, we did not found any place that fulfill our requirements of our strategy to move our stop loss. The market went down finally and hit our stop loss. The stop order was executed successfully. The total risk and reward ratio is 11.02.
1) This is an easy trade for us as the market went up smoothly. There are not much fight in a trader's mind. However, we do not assume all trades would be easy as this trade. A trader's patience is still a very important.
2) Follow for more. I will share my trading thoughts, plans and summary of trades I made recently. Stay tune :)
NZDUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NZDUSD for a selling opportunity around 0.58600 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.58600 support and resistance area.
Trade safe, Joe.
TradeCityPro | HOOKUSDT Potential Start of a Sharp Move👋 Welcome to the TradeCityPro channel!
Let’s analyze the market on this quiet Saturday with low volume. We'll focus on identifying and aligning our triggers for HOOK.
🌍 Market Overview
Before starting, as always, we take a quick look at Bitcoin. Today, it hasn’t made any significant moves and is mostly range-bound. However, volume seems to be entering, suggesting that we might see another upward movement either tomorrow or in the coming week.
During such upward movements, Bitcoin dominance may decline, providing an opportunity for altcoins to shine. This is when altcoins can generate substantial profits, so make sure to stay close to the charts during these times.
🕒 Weekly Time Frame
In the weekly timeframe, HOOK has rebounded from its last support and seems to have begun its first upward movements.
The 0.3747 support was faked out, followed by a solid green candle with good volume that engulfed the previous candles , After activating the 0.5058 trigger, it is now heading toward 0.75.
For new entries, after breaking 0.7504, a buy opportunity can be considered. However, note that the stop-loss will need to be set quite wide at 0.3747. If the price consolidates or retraces, it could provide a better stop-loss level.
📊 Daily Time Frame
In the daily timeframe, after breaking 0.5103, the price moved upward but has recently shown signs of weakness , RSI is in the overbought zone.
The green candles are getting smaller, indicating a loss of momentum.
Despite this, with a valid trigger, a position can still be taken.
The 0.7562 level remains a trigger for buying , Alternatively, after a correction, a breakout above the current high (using Dow Theory) could justify entry with a better stop-loss level.
For those who bought at the 0.5103 trigger, holding the position is recommended as the price hasn’t moved significantly relative to the broader market.
🕒 4-Hour Time Frame
In the 4-hour timeframe, following the daily move, HOOK is consolidating in the range between 0.6588 and 0.6980. This consolidation might be preparing for the next move.
📈 Long Position Trigger
Breaking 0.6980 is a valid trigger for a long entry , It is advisable to keep a wide stop-loss to avoid being stopped out during minor corrections and to stay positioned for potential gains after the breakout.
📉 Short Position Trigger
No short positions are advised at the moment. Like recent market analyses, the focus remains on long opportunities, especially as Bitcoin holds strong above $80.
This concludes the technical analysis for HOOK. Stay patient and disciplined with your entries and stop-losses for this setup.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals.
Reasons are listed below :
Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest.
Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend.
50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment.
Volume Spike : A significant increase in trading volumes highlights growing investor confidence.
Target - 1190 // 1380
Stoploss - weekly close below 825
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
EURUSD Start?Based on the data, it seems that the Euro will regain its strength and rise in the coming days. There is only one scenario, which is an upward movement. As for the upward move, it will either drop to the yearly low to draw liquidity and then rise, or it has already sufficed with the current level and will continue its ascent without needing additional liquidity.
TradeCityPro | TRBUSDT Solid Coin for Spot with Target Review👋 Welcome to the TradeCityPro channel!
Let’s analyze the TRB coin from a spot perspective, avoiding a focus on futures, while examining its technical triggers and potential targets.
🏆 Bitcoin Overview
Before diving into TRB, let’s quickly touch on Bitcoin. Last night, BTC experienced a sharp corrective move with some FOMO-induced sell-offs, causing market-wide fear. However, the dip was primarily confined to Bitcoin, and it quickly rebounded.
Corrections like this are typical during a bull market, and maintaining calm is crucial. With proper risk management in place, such moments shouldn’t lead to panic. Remember, the worst-case scenario is hitting a stop loss, but often, positions don't even get triggered in such volatile conditions.
📅 Weekly Time Frame
TRB is among the coins that experienced a significant pump of over 1,000% before the bull market even began. A key positive aspect is that it never returned to its previous yearly low, similar to Solana.
After this strong upward movement, it consistently bounced off a robust support level, indicating that sellers are losing momentum and buyers are entering the market.
Additionally, a downward trendline is evident, which is more of a continuation pattern. Breaking this trendline doesn’t require a specific trigger; after the breakout, we’ll invalidate all lower-high resistances, leading to higher price movement.
With the current weekly candle, we can open a position in spot trading because , The candle has significant volume , It has broken the trendline , RSI is poised to enter overbought territory next week.
Fibonacci Analysis for Targets
By drawing a Fibonacci retracement from a clear high (ignoring FOMO-driven peaks), we can identify The 52.37 level aligns with the 0.382 Fibonacci level, making it a strong support zone.
Target Levels :After breaking the 136.49 resistance, there are no significant resistances until Fibonacci extensions at: 243.12 - 623 - 1219
These levels are realistic, assuming TRB reaches a market cap of $2 billion, which depends on its ongoing development and adoption.
💡 BTC Pair Insight
On the TRB/BTC pair, the coin has formed a green candle after bouncing from the 0.000723 support level.
The good news is that TRB consolidated during its downtrend rather than continuously falling.
After breaking 0.001215, a significant upward trend can begin , RSI breaking 50.80 would provide additional momentum confirmation.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27600 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.27600 support and resistance area.
Trade safe, Joe.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.06800 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.06800 support and resistance area.
Trade safe, Joe.
SWING IDEA - CHAMBAL FERTILIZERSChambal Fertilizers , a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators.
Reasons are listed below :
Break of Cup and Handle Pattern : A classic bullish continuation pattern indicating potential for a significant upside.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure.
500 Zone Breakout : The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength.
Prolonged Consolidation Breakout : The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation.
Target - 675
Stoploss - weekly close below 440
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
Cardano With a Bright Bullrun!Hey Trader!
Cardano is trading within a descending channel, presenting a clear structure of lower highs and lower lows. While this pattern often leans bearish, there are signs of buyer activity, as evidenced by the repeated bounces off the lower trendline. This suggests that the market is at a pivotal moment, with the potential for a significant move in either direction.
The key resistance to watch is at $1.3269 . If ADA manages to break above this level and exit the descending channel with strong volume, it could signal the start of a bullish rally, potentially driving the price toward levels above $1.40 . Conversely, if the price fails to hold the current support at $1.0576 , a deeper drop toward $1.0378 could materialize, shifting the momentum decisively in favor of the bears.
The RSI indicator remains neutral, suggesting that the market is in a consolidation phase and building momentum for a breakout. Volume will be crucial in confirming the direction of the next move. With buyers stepping in to defend support and sellers maintaining pressure at resistance, this setup is nearing a critical decision point.
Stay alert for how ADA reacts around these levels—it could define the next major trend. What’s your take on ADA? Will it break upward or continue downward? Let me know in the comments!
Ferrari - Don't Miss Out on 50% ROI!Very strong setup here. Ferrari respects the SMA200 for years and did touch the SMA200 and bounce from it. It also respected the current trendline and the SMA200 and trendline bounce did happen at the 23rd Fib retrace level. Very bullish setup.
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🐂 Trade Idea: Long - RACE
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 426,00
🐿 DCA: No
😫 Stop-Loss: 390,00
🎯 Take-Profit #1: 600.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Ferrari is a super strong brand. Backlog is huge and current waiting time is measured in years not months. Luxury stocks were punished during the last months because of fear of growth and a weak consumer but Ferrari is somewhat else. Misconceptions regarding shipments and China are putting pressure on Ferrari's shares since the third-quarter announcement. Nevertheless, the shipments' decline is a result of an ERP transition, and the reduction in China is intentional.
Don't forget, people who buy Ferraris do not care about inflation or the economic situation of a country. Also, you can't lease a Ferrari, you can only buy it. This gives the manufacturer a strong cashflow. In addition, Ferrari's unique market position, strong brand, and prudent management justify its high valuation and promise market-beating returns.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
GOLD--> Consolidation. Which Direction Will Momentum Take?Hello dear friends, Ben here!
Gold prices continue to consolidate sideways within a familiar range as the market eagerly awaits a new catalyst to determine the next directional move. What lies ahead, and what scenarios could unfold?
Meanwhile, sellers are holding back as they await key developments, including comments from Federal Reserve Chair Jerome Powell, U.S. employment data, and the CPI report, to gain insights into the Federal Reserve’s policy outlook. According to the CME FedWatch Tool, traders currently assign a 74% probability of the Fed cutting interest rates by 25 basis points at the upcoming policy meeting. However, theoretically, this remains uncertain, and the market may remain in consolidation until new information emerges.
On the technical side, gold may build bullish momentum to test critical resistance levels, which could potentially lead to a decline afterward. However, if the price breaks below the 2636 support level and consolidates beneath it, bearish pressure may emerge earlier than expected.
What are your thoughts? Share your insights, forecasts, and questions—let’s explore the ongoing dynamics of XAUUSD together!
Gold prices continue their downward trend, falling from $2,710.
Gold prices today continue their downward trend, trading around $2,642.
This decline comes as the market braces for the release of the highly anticipated U.S. labor report from the Department of Labor, scheduled for Friday. According to a Bloomberg survey, nonfarm payrolls for November are expected to show an increase of approximately 200,000 jobs.
However, remarks made by Federal Reserve Chair Jay Powell on Wednesday in New York also had a significant impact. Powell emphasized that the U.S. economy is in "very good shape," with risks to the labor market diminishing. This has raised concerns among investors that the upcoming jobs report could outperform expectations, potentially weakening gold’s outlook further.
From a technical perspective, the focus is on the descending wedge channel. If sellers manage to defend the resistance levels within this channel, the downtrend may persist. The next projected targets for the sell-off are $2,605, $2,547, and $2,471, respectively.
Share your thoughts, opinions, and questions—let's discuss what’s unfolding in the market!
GBPCAD: Important Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above both a significant daily horizontal resistance
and a falling trend line.
The broken structure compose an expanding demand zone now.
The market has a great potential to continue rising.
Next resistance - 1.8
❤️Please, support my work with like, thank you!❤️
GOLD--> The bears are gaining strength! Next target: 2605OANDA:XAUUSD is declining after a false breakout of the resistance range. The fundamental backdrop is mixed and still does not allow for a clear medium- and long-term strategy to be formed. But!...
Trump's tariff policy and rising geopolitical tensions are influencing metal prices. Against the backdrop of a strengthening dollar and expectations of a Fed rate cut, gold prices are declining and confirming the market's structure.
Looking ahead, all eyes will be on U.S. employment data as the country will release multiple job-related figures ahead of the Non-Farm Payrolls (NFP) report on Friday.
From a technical standpoint, we have a trend to watch after leaving the rising channel support and the 2636 area, reflecting the prevailing bearish sentiment.
A breakout below 2636 could trigger aggressive selling against the backdrop of a newly strengthened dollar. However, the possibility of a retest of the area of interest before continuing the downward trend cannot be ruled out. Gold prices are expected to decline and reach levels of 2610 and 2596, respectively.
Bitcoin Hits $100K: What Does It Mean for Gold?Bitcoin’s historic surge past $100K has reignited debates about its role in the financial world. Fed Chair Jerome Powell weighed in, calling Bitcoin a "speculative asset," likening it to virtual gold rather than a competitor to the dollar:
"It's highly volatile, not a store of value or form of payment. It's really a competitor for gold."
With Bitcoin soaring, many are asking: Could this mark the beginning of a stronger correlation between Bitcoin and gold, or are they destined to move on separate paths?
Gold Faces Its Own Test
While Bitcoin grabs the headlines, gold prices slipped below $2,630 per ounce, pressured by firming U.S. Treasury yields. Benchmark 10-year yields rose 0.6%, as markets anticipate today’s U.S. Non-Farm Payrolls (NFP) report, expected to show 200,000 new jobs. A weaker report could lift gold, especially as traders assign a 74% chance of a 25-basis-point Fed rate cut in December.
Fed Chair Jerome Powell has emphasized caution, acknowledged the economy’s resilience but signaling a careful approach to rate cuts. Gold, often a winner in low-rate environments, now finds itself at a critical juncture.
Our Trading Plan for Gold
Key levels to watch as we await the NFP report:
$2,630: Monitor for price reactions to this recent support.
$2,537–$2,530: Look for potential opportunities at this deeper support range.
The Bigger Picture
As Bitcoin claims new highs and challenges gold’s status as a store of value, gold continues to be swayed by macroeconomic forces. Will gold bounce back, or is it preparing for further dips as Bitcoin surges?
Let us know your thoughts—will Bitcoin and gold align as Powell suggests, or will their paths diverge further?
For more in-depth gold analysis and updates, stay tuned. And as always, happy trading!
TradeCityPro | XAGUSD Analysis Ready to Move👋 Welcome to the TradeCityPro channel!
Let’s step away from the crypto market and Bitcoin's ATHs for a moment to take a closer look at Silver (XAGUSD). We'll analyze this chart technically and identify potential triggers for entry.
🌟 XAG Fundamentals
Silver (XAG) is one of the most versatile and historically significant commodities, valued both as a store of wealth and for its industrial applications. Understanding its fundamentals helps in
Mining Production: Major silver-producing countries include Mexico, China, Peru, and Russia. Any disruptions, such as strikes or environmental policies, directly impact supply.
Industrial Demand: Around 50% of silver's demand comes from industrial applications, such as electronics, solar panels, medical devices, and batteries.
Investment Demand: Silver is often seen as a hedge against inflation and is regarded as a "safe-haven asset" during periods of economic uncertainty.
Silver-Gold Ratio: Silver typically follows gold but tends to show higher volatility. A rising silver-to-gold ratio signals that silver is undervalued relative to gold, and vice versa.
Silver is a more affordable option for investors who want exposure to precious metals but cannot afford gold.
⏳ 4-Hour Time Frame
On the 4-hour chart, we see that the movements are clean and logical, making it easy to identify support and resistance levels. Most price actions have been steady, without unnecessary fluctuations, making this chart suitable for identifying trading opportunities.
📈 Long Position Trigger
We are currently trading in a box between 29.79 and 31.38, with the price at the upper boundary. A breakout above 31.38 would signal an opportunity for a long position, with the target set at 32.32.
📉 Short Position Trigger
If the 31.38 resistance proves to be a fake breakout, a short position could be considered after a break below 30.76, or after a consolidation period that weakens buyers’ momentum. Additionally, if the price breaks below 29.79, it would provide another opportunity for a short position.
By carefully observing these levels and market behavior, you can find suitable trading setups while managing your risk effectively.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️