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Current Trend: The chart shows a recent downtrend, with the Bitcoin price falling from levels near $98,332 to around $95,000. Key Support and Resistance Levels: Resistance 1: $98,332 - This level has acted as resistance, where the price has unsuccessfully attempted to break out on several occasions. Support 1: $97,729 - A support level where the price has bounced off. Support 2: $96,167 - Another critical support level, where the price has also shown bounce. Support 3: $95,002 - The lowest support visible on the chart, where the price has recently bounced off. Descending Triangle: The chart shows a sideways triangle pattern, which is generally a trend continuation pattern. Trading Strategy: Entry at Support: If the price touches the support at $95,002. and shows signs of bouncing (possibly confirmed by an increase in volume or a bullish candlestick pattern), it could be a good entry point for a long position. Breakout Entry: We expect the price to break the sideways triangle pattern to the downside, this could be a sell signal. An increase in volume at this point would reinforce the signal. Stop Loss: Place a stop loss just above the highest resistance level at 98.332 to limit losses in case of an upward breakout. Risk Management: Risk/Reward Ratio: Make sure the potential reward is greater than the risk taken. Confirmation: It is always advisable to wait for confirmation through other technical indicators or fundamental analysis before taking a position.
USD/JPY 4H Timeframe Analysis Trend Analysis: The USD/JPY pair is currently in an uptrend, having successfully broken key minor resistance levels, including 156.800, which has now turned into support. This break signals the continuation of bullish momentum, confirmed by the formation of higher highs and higher lows. Recently, the pair broke the 157.500 minor resistance, further indicating that buyers have stepped in. The price action is now moving towards the next major resistance level at 160.900. Additionally, price action has shown signs of manipulation or liquidity grabs at key levels. The price briefly dipped below support, hunting stop losses before reversing direction. This has set up the potential for a continuation of the uptrend, as the market clears out stop losses and accumulates liquidity for the next leg up. Price Action Expectation: We are observing liquidity being formed below the 156.800 support level. We are now waiting for a breakout above 157.500 to confirm the continuation of the bullish trend. The plan is to place a buy stop order at 157.690, just above the minor resistance, to enter the market once this level is broken. A stop loss will be placed below the liquidity zone at 156.500, a strategic location to manage risk. Trade Setup: Trade Type: Buy Stop Entry Price: 157.690 (just above the minor resistance after a breakout) Stop Loss: 156.500 (below the liquidity zone) Take Profit: 160.900 (next minor resistance level) Additional Considerations: The current bullish setup remains valid, but traders should be cautious of any potential reversal signs if the price fails to break above 157.500. If price action shows signs of rejection at these levels, a shift in trend could occur. Monitoring any significant news events or economic releases will also be important to avoid unexpected market moves. Conclusion: The USD/JPY pair is showing strong bullish momentum, supported by the technical breakout of key resistance levels. As the price moves toward the next resistance at 160.900, careful risk management is crucial. Traders should be prepared for possible pullbacks or consolidations around key levels while maintaining a focus on trend continuation. Economic events and market sentiment can still influence the strength of the USD against the JPY, so staying alert to these factors is essential.
NIFTY 23800 PE 26TH DEC EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty is breaking the support range. We recommend considering the purchase of the 23800 Put Option (26th December expiry) in the price range of 130-135. Target levels are set at 180 and 240 with SL @ 100. Regards, OptionsDaddy Research Team
Here's a TVC:VIX analysis. Check SP:SPX 15m, just see the momentum. Feel it. Apparently it's the sharpest plummet of the past months. the US stock market and CRYPTOCAP:BTC , the crypto market, TVC:GOLD , as well, will get down for 20 or 30% in the coming weeks or a month. TVC:DXY and the US dollar FX_IDC:USDEUR would be get high since the dollars from the sold assets fload into the liquidity space. After that, for months I guess, FX:USDJPY get lower and EUR, JPY wins for some years.
Technical confirmation of Wave 3 will occur when the price breaks above the Wave 2 high of $0.06649, as shown in the 4-hour chart. Until then, I’ll continue building a bullish case while monitoring price action closely. Bullish Indicators To support my analysis, I’m using the daily timeframe as the higher timeframe and the 4-hour timeframe as the lower view. Here's what I'm seeing: Daily Timeframe Stochastic RSI: Oversold at 0.41, with the K line on the verge of a bullish crossover with the D line. This signals an opportunity for a potential long setup. RSI: At 40.79, a favorable level for price interest to increase. Fibonacci Confluence: The ABC correction has bounced at the 0.618 Fibonacci retracement level, a strong indicator of a potential reversal. Note: The Rate of Change (ROC) currently shows bearish momentum at -28.38, likely reflecting the recent price drop. As momentum indicators are lagging, I’ll monitor this closely for a shift upwards as price momentum builds. 4-Hour Timeframe Stochastic RSI: Oversold at 14.70, with the K line crossing the D line, forming a bullish crossover—an ideal entry signal for a long position. RSI: Oversold at 27.28, with upward momentum signaling a potential short-term price spike, which would align with bullish momentum on the daily timeframe. Positioning and Price Expectations I have already bought in to Gala, and this review reinforces my bullish bias. While time will determine if we are indeed in Wave 3, the following price targets are based on traditional Fibonacci extensions and levels illustrated on the daily chart: Target 1: 1.618 Fib Level — $0.11303 Target 2: Monthly Resistance — $0.13158 Target 3: 2.618 Fib Level — $0.16193 Given that Target 2 (monthly resistance) is slightly above the 1.618 Fib Level, it’s reasonable to expect price to wick toward this level before potentially settling at or below 1.618. Final Thoughts The crypto market is notoriously unpredictable, and no one can perfectly predict price targets. However, the levels outlined provide a solid framework for assessing the price movement during Wave 3. With five sub-waves within Wave 3, I’ll reassess and adjust as each unfolds to refine expectations.
Scenario takes stage and now it's time.From early Jan to dec,gold almost hits half of its price when hits $2790, Now before 2025,market buyers will taking profit from what thay have made this year. $1980 to 2790. That's huge from all over the period of trade in gold. Fundamentals will support this idea and technical will favour it. As fed signals fewer rate cuts next year n market falls in technical correction cycle. So now sold n hold untill another shift in *geopolitics*. Expected tgt $2560-2540-2400.
FXOPEN:XAUUSD Price Action Analysis and Strategy by @Alexgoldhunter Key Levels and Structures Break of Structure (BOS): Multiple BOS annotations indicate significant shifts in market structure. These are key points where the price has broken previous support or resistance levels, suggesting potential trend changes. Equal Highs: A region marked as "Equal Highs," indicating a resistance level where the price has repeatedly failed to break above. This is a potential area to watch for a breakout or reversal. Strong High: A "Strong High" is marked, indicating a significant resistance level that has held firm. This is a critical level for potential sell opportunities if the price approaches it again. Fibonacci Retracement Levels: The chart includes Fibonacci retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) from a recent high to low. These levels are used to identify potential support and resistance areas. Indicators: Volume: Volume bars indicate the trading activity. Higher volume on up moves suggests strong buying interest, while higher volume on down moves suggests strong selling interest. RSI (Relative Strength Index): The RSI is currently at 44.81, which is below the 50 level, indicating bearish momentum but not yet in the oversold territory. MACD (Moving Average Convergence Divergence): The MACD line is at 1.265, the signal line is at -5.079, and the histogram is at -6.344. The MACD is below the signal line, indicating bearish momentum. Buy Strategy: Support Levels: Look for buying opportunities near strong support levels, such as the recent low around 2,580.000 USD. Watch for bullish reversal patterns (e.g., double bottom, bullish engulfing) near these levels. Fibonacci Retracement: Consider buying near the 0.382 (2,607.921412) or 0.5 (2,615.847) Fibonacci retracement levels if the price shows signs of reversal. RSI and MACD: Look for the RSI to move above 50 and the MACD to cross above the signal line for confirmation of bullish momentum. Sell Strategy: Resistance Levels: Look for selling opportunities near strong resistance levels, such as the "Strong High" or "Equal Highs" around 2,640.000 USD. Watch for bearish reversal patterns (e.g., double top, bearish engulfing) near these levels. Fibonacci Retracement: Consider selling near the 0.786 (2,635.056476) or 0.705 (2,629.61603) Fibonacci retracement levels if the price shows signs of reversal. RSI and MACD: Look for the RSI to move below 50 and the MACD to cross below the signal line for confirmation of bearish momentum. Simple VIP Signal: ENTRY: 2,580.000 USD TP1: 2,607.921412 USD TP2: 2,635.056476 USD SL: 2,540.000 USD Follow @Alexgoldhunter for more strategic ideas and minds Disclaimer: Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
Target is around $50 for 2025. Good revenue with projected growth so the target of $50 is reachable earlier in mid of 2025, but if bad approval news comes up, we may see slow reaching to the target.
XAUUSD is showing a strong bullish divergence, a clear indication that the market's momentum is shifting upward. The technical signals are aligning perfectly, paving the way for a potential breakout in gold prices as buyers step in to capitalize on the opportunity.