What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
Trendanalyse
Potentially a good time to switch from BTC to ETH.Hi all, let's look at the 1W ETH to BTC chart, in this situation we can see how the price is moving below the downtrend lines, in this situation we have several such lines which also indicate strong resistance places for the price in a given move.
Currently, a correction is visible, but as the trend reverses, resistance levels are visible at the following levels:
T1 = 0.04504btc around 21.5%
T2 = 0.05346btc around 44%
T3 = 0.06004btc around 61.5%
T4 = 0.06652btc around 79%
T5 = 0.07623btc around 105%
Now let's move on to stop-loss in case the market continues to fall:
SL1 = 0.03166btc
SL2 = 0.02213btc
SL3 = 0.01612btc
On the RSI indicator, we have a visible movement at the lower end of the range, which could potentially indicate an upcoming increase, here it is worth watching the trend line under which we are moving, because the moment of approaching it gives a renewed price recovery.
OM / USDT: constructive actions along support zone The uptrend (both macro and mid-term) looks strong and intact.
The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character").
While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70
Wishing you successful and profitable trading and investing decisions and thank you for your attention!
#1INCH. ROCKET LAUNCH COMING SOON! 11/22/24A super interesting asset both locally and on a more global scale.
Descending trendline + accumulation structure. Exiting accumulation usually happens with an upward breakout + we’ve reached a strong support level, from which a bounce is to be expected. In any case, at the moment, this is an ideal price for spot buying. Added more to my spot position.
Targets:
Short-term: $0.6–$1
Mid-term: $3
Long-term (bull market): $10
XRP is flying towards the sky!!XRP is emerging from the triangle with a huge upward movement, the price increase itself reaches 165%, which gives a very good result among the leading cryptocurrencies.
You can see here how the price is dynamically approaching a very strong resistance zone from the level of $1.42 to the level of $1.61. This is a very important zone that should be monitored, because moving upwards from this zone will open the way to the previous ATH, but if the zone rejects the increase, we will be able to see the price quickly return to around $1.06, and then we can see the level around $0.8.
MKR/USDT 1W interval chartHello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line.
Let's start by setting goals for the near future, which include:
T1 = $1,745
T2 = $2192
T3 = $2546
T4= $2,900
Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
Hellena | GOLD (4H): Short to support area 2540 (wave C).Dear colleagues, I believe that it is too early to talk about long positions. I expect the price to complete a big correction and then we will look for long positions.
So far I see a variant with the completion of wave “C” in the area of 2538-2545.
Preliminary correction to the resistance area of 2645 is possible. Therefore, there are two possible options to enter a position:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BTC is in the range of $85-90kAs you can see, BTC has made large upward movements in recent days, resulting in a move of approximately 35%, which broke the critical point around $84,600, reaching nearly $90,000. You can see how we are struggling to maintain this movement and the price itself is in the range of $85,000-$90,000.
However, here you can see another resistance point at the level of $90,900, then very strong resistance may appear at the price of $94,400, and then the zone in the range of $98,400 to $99,760 will be important, which is a strong psychological barrier.
In a situation where we see further price recovery, support is visible at the level of $84,580, then there is a support point at $81,235, then we have the level of $78,481, $75,727 and $71,784.
You can see how the price is climbing along the upward trend line and looking at this line, we can expect an attempt to rebound towards this trend line.
Gold Price Today (11/11): Has the Uptrend Ended?Gold prices are currently under strong downward pressure due to macroeconomic factors and market sentiment. Positive economic indicators from the U.S., such as the rise in the Consumer Confidence Index and inflation expectations, lead investors to forecast that the Federal Reserve (Fed) is unlikely to cut interest rates in the near future. Additionally, increased holiday shopping demand is boosting the U.S. economy, but putting pressure on gold prices. The market also expects gold to continue declining as Donald Trump takes office.
Looking at the chart, we see that the EMA 34 has crossed below the EMA 89, signaling a bearish trend and indicating that the price trend has shifted to the downside. With resistance levels at 2,706 and 2,670, it will be difficult for gold to regain an uptrend. The next support level may be around 2,620, where gold could find strong buying interest and possibly reverse temporarily. However, if this support is not maintained and prices break lower, the likelihood of gold continuing to decline to deeper support levels, such as 2,590 and 2,550, is high.
In this context, with gold prices likely to continue falling, it is essential to closely monitor key support and resistance levels to make informed investment decisions. If gold cannot hold important support levels, investors may need to adjust their portfolios accordingly.
BTC UpdateAs expected, the price continued its upward movement by hitting the Fibonacci golden zone and forming a hidden divergence in the RSI. The candle that hit the golden zone is a pin bar candle and this week's candle is the confirmation candle of that pin bar candle. So we have to wait for the closing of the weekly candle, and if the candle closes in the form of a momentum candle, it can be said that the price is still interested in moving up.
XAUUSD Primed for a Breakout: Key Levels to Watch Now!Attention Pro Traders! XAUUSD is heating up, and big moves could be on the way!
XAUUSD Update: Locked in a tight range between 2649 and 2665. Will it break out or break down? Keep watching.
Downside Alert: A slip below this range could lead to quick drops. Targets: 2644 and 2639. Get ready!
Upside Potential: A push above this zone could fuel a rally! Next targets: 2680 and 2698.
DOGE/USDT chart review 1D I invite you to take a quick look at the chart of DOGE in pair with USDT, taking into account the time frame of one day. As we can see, when the price left the downtrend lines, it gained energy for new increases.
But you can see here that the 0.618 Fib level turned out to be a strong resistance at the $0.176 level, only when it is overcome we can see the resistance at the $0.2 level, and then the $0.234 level will be important.
Looking the other way, first of all you need to take into account the level of $0.146 as support, then the level of $0.123 is important, and then visible support is at the price of $0.089.
When we look at the RSI indicator, we will see a reflection from the upper limit, but the large rebound resulted in a slight downward price movement on the chart, which translated into a strong upward movement.
GOLD H4 Analysis And Route Map For Next Move - BullishPair Name = XAUUSD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Please see the Above chart To see The Gold Next Moves.
We are currently in new Price Ranges. But we are also using our previous analysis and data to Follow the exact Path.
Currently We Can see between two strong support and Resistance levels. As we can see at chart 2650 Gold Price level and 2670 Gold Price level.
EMA 5 is indicating the trend of the market. EMA Cross over can range between 2655 to 2650. That indicates if Price breaks this level. Then we will see a small retesting period.
This kind market allow us to buy the dip and cash another next trend move.
Strongest retesting zone exists between the price level 2615 to 2600 price level.
EMA 5 Crossing levels:-
2650 To 2655
Retracement Zone:-
2600 To 2615
Bullish Gold Levels:-
2673
2690
Bearish Gold Levels:-
2650
2615
2600
2589
Stay tune we Will update again when market will give up another good direction move. With Different different time frame we check the market to get the Accurate analysis according market next move.Happy trading.
GBP/JPY Technical Analysis - Rising Channel and Fibonacci LevelsI'm tracking GBP/JPY on the 1-hour chart . The pair has been trading within a well-defined ascending channel and is approaching key resistance levels.
I’ve plotted Fibonacci levels to watch for potential corrections. Price is hovering around the 61.8% retracement , which is often a significant support zone. Price continues to respect the upward trendline, which reinforces the bullish momentum as long as it holds.
The next level of interest is around 193.00 , aligning with channel resistance and key horizontal levels. If the price breaks above this area, it could head higher toward 194.50 .
If the price breaks below the trendline, I’ll be looking at the 50% Fibonacci level as a possible next support at 190.00 .
Overall, I'm bullish for now, but cautious of a potential retracement if the price fails to break out of the channel.
If Bitcoin Breaks This Trendline, We Could See a Pump...We’re seeing a major downtrend line forming since July 29th.
A breakout from this trendline could trigger a solid price pump.
There are also reversion zones overhead that might get filled during the breakout.
Reversion zones:
1st zone: 59.328
2nd zone: 61.624
👀 Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺
This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇
As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥
🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺
I hope you enjoy this idea KIUCOIN community ; Also always remember :
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
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GOLD H1 Chart analysis 100%Hello Traders!
Follow the instructions.
If the price consolidates between $2498 and $2497, gold may touch the $2480 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Bullish Opportunities:
1. 2495 - 2490
2. 2477 - 2487
Bearish Opportunities:
1. 2525 - 2530
2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
Use proper risk management Or money management and follow my instructions properly.
Don't forgot to support by liking or following!!
GOLD 4h Chart analysis 100%Hello Traders!
Follow the instructions.
If the price consolidates between $2498 and $2497, gold may touch the $2487 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
Use proper risk management Or money management and follow my instructions properly.
Don't forgot to support by liking or following!!