Bullish_Target 1750Forming flag kind of pattern/ bullish wedge pattern. May come down till 1350-1400 level (strong support)again which is safe level to enter. If price breaks the wedge, then it will reach target of 1750.
Wedge
BTC Still in Consolidation, but...
BTC is in a falling wedge. It is consolidating for me.
If BTC reaches 54k-49k again, probabilities are that a massive buy will come, and there are good chances that alts will move up a lot.
I think this could happen between the end of October 2024 and the beginning of November 2024.
What event falls in this range of dates?
Answer: Presidential US Election.
GOLD → Consolidation in correction phase ahead of news...FX:XAUUSD is in correction phase, but before important news a consolidation is formed due to fear and unpredictability factor. Analysts are expecting a decline in inflation, but what will happen in fact? A bull run or a dump?
Markets are pricing in an 81% chance of a 0.25% interest rate cut in November. But yesterday's minutes showed that most officials supported an excessive 0.5% rate cut to balance inflation confidence and labor market concerns.
Ahead of CPI, Initial Jobless Claims ...
If CPI shows stronger data, the question among regulators will be in a different vein of “should we cut 0.25?” which will only reinforce the dollar's rally and markets will continue a solid correction.
A larger decline in CPI could revive hopes of an excessive Fed rate cut in November, triggering a correction in the US dollar. Gold could experience a fresh influx of funds.....
Resistance levels: 2623, 2627, 2637
Support levels: 2605, 2600, 2585
Technically gold is in correction and the pressure from bears continues. In the mid (short) term, I expect a retest of resistance at 2623 (a false breakdown is possible) followed by a decline to 2600-2585. It is not excluded that the news may have an opposite effect...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
USDCAD → Breakout. One step away from distribution...FX:USDCAD makes an attempt to break through the resistance of the “wedge” consolidation on the background of a growing dollar, the reasons for which are economic data from the USA. NonFarm Payrolls are ahead!
On the weekly timeframe, the currency pair is bouncing off the support trendline and heading towards resistance, the pattern as a whole resembles an ascending triangle. But still it is a global sideways range. The movements in it are quite difficult and the price is dragging between the local levels. Ahead is the NFP report, which may become an engine for the price, and based on the assumptions from Wednesday and ADP NonFarm we can assume that on this background the growth of the dollar and the currency pair may continue.
Technically, the bulls are trying to hold the defense above the previously broken resistance. The impulse is beginning to form...
Resistance levels: 1.358, 1.364
Support levels: 1.353, 1.347
If the bulls keep the price in the new plane (buying zone), the price may reach the nearest targets quite quickly. If the news will be favorable, then in this case a rally to the distant targets may be formed. Unpredictable data will bring the currency pair back to the range and may bring the price down to 1.347
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;)
Regards R. Linda!
PSG/USDT Main trend. Wedge. 21 11 2023Logarithm. Time frame 1 week.
🔵 The main trend is a descending wedge , we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never repeat their highs for obvious reasons (if they do, it's a few out of hundreds, remember that).
📊 Adequate target (with 90% probability to be reached this mid-range of the long-term formation or slightly above). So a perfectly adequate target is +500%, primarily for those for whom trading is "none of their business". Buy and forget for a few months or half a year. To increase money in 5 times without absolute waste of time and news monitoring as for me for such good solutions.
If people hustle in trading, they may not even get what the market “gives”. That's a fact.
📊 Profit can be significantly increased if trade every impulse after the breakdown of this downtrend . That is, the entire timeframe of the participation phase, which is the price movement of the entire year 2024 to the 2025 distribution zone (trend highs, reset phase).
💰 It is worth noting that the fattest earnings are always on trend reversals, i.e. on the breakout (breaking through it).
⚠️ The psychology of people's behavior is always the same:
1) Expensive - always buy eagerly , the next "promising"...
2) Cheap - waiting for it to get cheaper (e.g., now -94% off price highs). Never catch trend lows as well as highs.
3) Trend reversal and momentum +82% - hamster action is canceling "lower" orders and buying "to make time" already relatively expensive. This is how reversal impulses are prolonged. The lower the liquidity, the higher the slippage in % price expression.
4) Real hamsters , who are used to constant price declines, wait for cheapness even after a reversal. If it does occur on capitulation, the price often underperforms previous lows. They have zero reaction. Price even lower - capitulation of expectations. They are already then afraid to buy, even something below the expected price. They will probably similarly buy another similarly "promising" crypto coin in the distribution area, but with a different ticker name. The sansara of stupid money repeats itself .
5) 2024 participation phase - i.e. attracting traffic and connecting the crowd to the trend development. Increase in overall market capitalization. Revival of hope.
🔴 📉 The chart showed the range of the capitulation zone , meaning price is now and below the wedge formation (unlikely) in the event of some force majeure event that affects the entire market. You just need to always keep this in mind and plan for it in your mani management, even if you don't believe in it. 20-30% of USD entry or profit if you are a riskier client.
Line chart .
Simply a classic of technical analysis.
Secondary trend and reversal zone of a long-term trend.
ETHEREUM → Support breakdown? Zone of interest 1550 ↓BINANCE:ETHUSD continues to give up positions. Buyers do not believe in growth in the near future. Bears are increasing their pressure, which may lead to the breakout of the strong support zone...
As seen on W1, the next potential target, in terms of liquidity, could be the 1550 support. Any attempt to buy back the asset on a retest of the support does not result in anything radically bullish. The market will not allow the price to approach the intermediate highs, which indicates the buyer's weakness.
On H4 the price is squeezed by local ascending support (bottom of the triangle) and descending conglomerate of moving averages, which clearly dictate the location of strong resistance. In the mid-term, there may be a rebound to the local highs or SMAs before a further decline.
Resistance levels: 2471, 2520, SMA
Support levels: 2310, 2250, 2111
So far there are no technical or fundamental reasons in favor of the buyer. Seller's pressure may be intensified. The breakout trigger is 2325. The trigger for a pullback is 2475 - 2500.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
AUDNZD: Bullish Signal After Breakout 🇦🇺🇳🇿
AUDNZD nicely retested a recently broken daily/intraday horizontal resistance.
After its test, the price violated a resistance line of a bullish flag pattern on an hourly.
We can expect a bullish continuation now.
Goal - 1.1088
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SPX Short: Seeking PeakThe new high has forced me to recount the last wave and forced me to bring back the original count where I had expected another wave in the early days of October. This has definitely dragged on for too long.
Now, let me first say this: there is an alternate count that I am holding that has a scary price target just slightly more than 6000 for SPX. So if I am wrong, CUT THE SHORT POSITION.
With that, let me continue.
As you can see over in this chart, I will bring your attention to the following:
1. A huge wedge for primary wave 5 itself in Yellow.
2. An internal wave for wave 5 of 5 in Green.
3. A Fibonacci extension that is projected from wave 1 of intermediate wave 5 to the entire intermediate wave 5 (blue wave).
4. An ending diagonal for wave 5 of intermediate wave 5, drawn in green minor wave.
5. The breakdown of the ending diagonal using corrective a-b-c waves in purple (there is no 1-2-3 waves in TradingView for usage).
6. RSI is extended overbought region.
From the above, my primary count is that we should see SPX peaking this week. There are 2 potential peak points:
1. Fibonacci extension level of 5802.
2. The upper trendline of the wedges which will be around 5820.
The above 2 price points are potential entry points. An alternate way for short entry will be to wait for a reversal candle.
You also see in this chart a purple breakdown line. This line can be used if you are a strong hand waiting for the final confirmation of the break and can withstand volatility.
Good luck!
WIF Stuck in a Wedge Pattern: Patience is Key For a BreakoutWIF is forming a very long but distinct WXYXZ wedge pattern, tightly confined within its channel. The structure is clear, with repeated ABC corrective waves confirming the pattern’s integrity. While the setup is clear, it suggests we may have to trade within the boundaries of the channel for now.
For those looking to trade short-term, focus on the key levels within the wedge, but be prepared to wait patiently for the eventual breakout—it could take time, but when it happens, it should be significant.
HelenP. I Bitcoin will drop from resistance level to $59100Hi folks today I'm prepared for you Bitcoin analytics. Some days ago price entered to wedge and at once rebounded fromresistane line and started to decline. In a short time, BTC fell lower then support level, which coincided with the support zone, but then it tried to back up and failed. Next, the price dropped to the trend line, which is the support line of the wedge also, and then started to grow. BTC quickly rose to the 57500 level, broke it, and later made a retest and continued to move up. Later, the price reached the resistance level, which coincided with the resistance zone, and some time traded near this level. Then BTC broke the 63600 level and later rose to the resistance line of the wedge, after which turned around and made an impulse down, thereby exiting from the wedge and breaking the resistance level as well. After this movement, BTC little declined more and not long time ago rose back to the 63600 level. So, now I expect that BTCUSDT will rebound from the resistance level and drop. Therefore I set my goal at 59100 points. If you like my analytics you may support me with your like/comment ❤️
NOTHING !!NOTCOIN is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.0012 Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GBPCAD SHORTGBPCAD SHORT
ENTRY 1.78718
STOP LOSS 1.7915
TARGETS 1.7822 , 1.77925 AND 1.7753
The market trend is bearish, with lower lows and lower highs on the daily chart, and the market is now approaching resistance.
On the 1-hour chart, a double top has formed, and its breakout occurred at the start of the London session, which is a strong signal to sell. For extra confirmation, a rising wedge pattern has also formed, with its neckline aligning with the double top's neckline. Both have broken out, so we will take the trade on the retest.
Energy sector is coming back!I just bought a bunch of this. Oil hit an historic support are and is not going where but up. If price pulls back to the demand zone I'll buy more. SL triggers if a weekly candle closes below the support zone.
NVIDIA $NVDA | NVIDIA WEDGE BREAKOUT SOON - Sep. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA BREAKOUT SOON - Sep. 20th, 2024
BUY/LONG ZONE (GREEN): $118.25 - $130.00
DO NOT TRADE/DNT ZONE (WHITE): $114.75 - $118.25
SELL/SHORT ZONE (RED): $103.75 - $114.75 (can be extended to $92.00)
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA looks choppy and very ranging, but is consolidating towards a zone that has been tested roughly seven times. Bulls should be looking for price to pinch and breakout above $118.25 towards the $130.00 price area, or bears can look for price to pinch and breakdown below the $114.75 level towards the $103.75 area. Bears can also look for price to drop to the $92.00 area that had started the previous bull rally. Despite my three main timeframes indicating a bullish trend, I would be happy with a fast move in either direction.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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Will the Price Bounce or Break?1H Timeframe Analysis
Current Price: 0.67940
Bearish Outlook:
1. 1W Chart: Bearish Engulfing (Reversal)
2. 1D Chart: Shooting Star (Reversal)
3. 4H Chart: Rising Wedge (Reversal)
4. 1H Chart: Pennant (Continuation)
The price is currently at the lower trendline of the Rising Wedge. With the Pennant pattern in play, we expect a drop to 0.67755. If strong support is found here, the price may bounce back to the major resistance at 0.68350. Due to this resistance, a reversal could push the price down to 0.67444, with potential bounces at support levels before aiming for ultimate support.
Bullish Target:
0.68350
Bearish Targets:
0.67755
0.67444
0.67139
Good luck, traders!
TONUSDT → Bulls dressing up as bears... ↓BINANCE:TONUSDT can't get out of the downtrend, facing a rather strong seller (or lack of buyers, amid fundamental problems). The coin is setting itself up for a further decline....
The trend change started to show back in July, with strong momentum being generated amid strong outflows due to the market crash following bitcoin manipulation. In Agusta, the coin faced another problem - Pavel Durov's court case, which had an extremely negative impact on the system.
At the moment, buyers are turning around and have no fundamental and technical strength against the bear. The price is forming a pre-breakdown base relative to the key support at 5.16. A break of this area will open the way to 4.5.
Resistance levels: 5.38, 5.44
Support levels: 5.16, 4.7, 4.5
Buyers are trying to hold 5.16, but the pressure of bears, increasing on the background of bitcoin correction, is increasing, the sellers' strength is growing, which provokes the first to leave the game, close or turn around. In the short term, I expect a breakdown of support and decline
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:TONUSDT ;)
Regards R. Linda!
TRON Crypto + 3 Step Rocket Booster StrategyThe market is in a very steep decline.
Everything is on sale..and if you are into dip-buying
this is your moment
-
This is my first time experiencing
a dip buy in the market it kinda sucks
because the volatility is insane.
This is the time to focus on risk management
but if you are looking for a high
edge in the cryptocurrency side of things
then BINANCE:TRXUSDT
is the play I think that will
go on the high end of prices.
Which means:
#1-The price is above the 50 ema
#2-The price is above the 200 ema
#3-The price will go up in a trend.
Because this is a bear market
my last trade ideas have been dip-buy patterns
so if you got caught up in the volatility
without risk management am sorry
that's the nature of trading.
The 3 steps above are the rocket booster strategy.
Rocket boost this content to learn more.
Disclaimer: Trading is risky please learn risk
management and profit
taking strategies.
Because you will lose money wether you like it or not.
$NVDA Shows Strength - Despite $SPY Weakness!Overall, NASDAQ:NVDA was the name to pay attention to today.
Even though the AMEX:SPY traded to the downside, NASDAQ:NVDA held strong with a push above $130.
The chart is giving us a clear picture of potential upside if they continue to grow and market the business the way they have.
Potential political headwinds are not to be discounted quite yet.
This trade carries risk, however, my cost-basis is below $20/share so I'm not sweating it.
IF NASDAQ:NVDA continues on this upward trajectory - we should see $170/share by early next year.
IF NOT - we can get another great dip buy opportunity in the low $100s.
$SPY #Rising #Wedge , BTFD? lolThis wedge seems perfect leading into election...
Rising Wedge is bearish pattern, BUT i would buy this dip and expect support bounce into tomorrow...
IDEA; Leg into 570C for 10/8 hmmm @ 1.19 per contract now
If this wedge DOES break down it can get ugly fast and I WILL be in puts for day trades...
-Prophecies
USDollar Is In Higher Degree Recovery ModeDollar Index with ticker DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse, but with current sharp bounce out of an ending diagonal on 4h TF, we believe that correction is now in play. Notice thats a very sharp leg up, so its wave a, still first leg of a minimum three-wave a-b-c recovery that can take index back to 61.8% Fib, near 104 which can be very strong resistance for the next sell-off, especially if we consider that this can be wave 2 rally.
NEIRO/USDT: 100% PROFIT POTENTIAL!!Hey everyone!
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NEIRO is showing strong potential! It has just broken out of a falling wedge and is currently retesting the breakout level – a great entry point. Buy now and add more on dips for maximum gains!
Entry range: $0.0025 - $0.0028
Target: 80-100% potential upside
Stop Loss (SL): $0.00225
What do you think of NEIRO's current price action? Spotting a bullish setup? Share your thoughts and analysis in the comments below!
EIGEN/USDT: Falling Wedge Retest – Ready for a Bullish move!!Hey everyone!
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EIGEN looks promising here. It’s breaking out of a falling wedge and is currently retesting the wedge. Consider going long at the current market price (CMP) and adding more on dips.
Entry range: $3.26 - $3.36
Targets: $3.60 / $3.79 / $3.94 / $4.32
Stop Loss (SL): $3.08
Leverage: 5x
What are your thoughts on EIGEN's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
