With current dynamics the price should be around $1 in BINANCE:USUALUSDT on the 1st January 2025
BTC is testing strong resistance and struggling to recover from yesterday’s losses. It seems a cup-and-handle pattern may be forming, signaling potential bearish momentum. Be cautious! If the support breaks with high volume, BTC could drop to: • Target 1: $96,111 • Target 2: $94,155 Are the bears ready to break through? If you liked this idea or have your own thoughts, share them in the comments! Disclaimer: This is not financial advice. Always trade responsibly. Best regards, GC
what an easy play!!! for more information look at the chart, and patreon for EXTRA and daily info.
Trading Idea: EUR/USD Potential Reversal Technical Analysis: RSI (Relative Strength Index): The RSI is currently approaching oversold levels, suggesting a potential for a reversal. When the RSI dips below 30, it often indicates that the asset is oversold, and a reversal to the upside could be imminent. MACD (Moving Average Convergence Divergence): The MACD line has crossed below the signal line, which typically signals a bearish trend. However, this crossover is happening at lower levels, indicating that the bearish momentum might be losing strength, setting the stage for a potential bullish reversal. Support and Resistance Levels: Key support is identified at 1.0331, a significant level that has previously acted as a strong buying zone. On the flip side, resistance is seen at 1.0629. The pair is currently trading around 1.0550, a critical level to watch for potential breakout or breakdown scenarios. Fundamental Analysis: ECB Rate Decision: The European Central Bank is expected to cut its Deposit Facility Rate by 25 basis points to 3% on Thursday. This decision is part of the ECB's ongoing efforts to stimulate the economy and achieve its inflation target. A rate cut is generally bearish for the currency, but the impact on the EUR/USD pair will depend on market expectations and how much of this cut is already priced in. US Inflation Data: Investors are closely watching the US Consumer Price Index (CPI) data for November. The headline CPI is expected to rise to 2.7% from 2.6% in October, while the core CPI, excluding volatile food and energy prices, is expected to grow steadily by 3.3%. Higher-than-expected inflation could strengthen the USD, as it might prompt the Federal Reserve to continue its tightening cycle. Political Uncertainty: Political turmoil in key Eurozone countries like France and Germany, coupled with the re-election of former US President Donald Trump, is contributing to market volatility. Political instability often leads to risk aversion, which can impact the EUR/USD pair. Trading Plan: Entry: Consider entering a long position if EUR/USD breaks above the 1.0600 resistance level with strong bullish momentum. A confirmed breakout above this level, supported by increasing volume, could signal a potential reversal. Stop-Loss: To manage risk, set a stop-loss below the 1.0500 support level. This ensures that losses are minimized if the market moves against the trade. Take Profit Targets: Aim for initial profit targets at 1.0700 and 1.0830. These levels have historically acted as significant resistance, making them ideal points to take profit. Conclusion: The EUR/USD pair is showing signs of a potential reversal, supported by both technical and fundamental factors. Traders should keep a close eye on key levels and upcoming economic data releases to make informed decisions. As always, proper risk management is crucial when entering any trade..
SAXO:XAUUSD Technical Analysis gives us clue for GOLD to move higher and higher. We can see in M30 chart that bullish pennant already made and GOLD continue to make a breakout movement. In H4 chart we can see a trendline resistance also already tested. Now GOLD just test a fibbo daily resistance at 2675-2677. Confirm BUY if it's body in H4 already break it. As middle east war remain in uncertainty and Syria President's Assad knocked down, also Russia - Ukraine potentially cause more intentions, investors looking for safe haven assets like GOLD. We also must remember that Trump Supply Side Economic will take control again and it gives optimism in US macro-economic conditions. Inflation currently in path to go down 2.00% but Trump second era would potentially increase inflation for a longer projection. Although now investor and traders in CME bet 86% for FED Cut Rate this month and this is something that makes GOLD moves higher Any idea? just leave your comment below. Thanks
SUI/USDT looking weak here ,expecting drop in small TF, BINANCE:SUIUSDT
Rolex Rings on the 4-hour timeframe is presenting a fresh long trade opportunity, with the price currently hovering around the entry level. This setup, identified using the Risological Swing Trading Indicator, is primed for a strong upward move targeting 2741.60 at TP4. Rolex Rings Key Levels: TP1: 2267.90 TP2: 2448.85 TP3: 2629.80 TP4: 2741.60 Technical Analysis: The entry price is set at 2156.05, with a stop-loss at 2065.55, ensuring effective risk management. The price recently broke through a significant resistance zone, signaling bullish momentum. With the Risological trend line confirming the upward bias, this trade setup offers a high-reward opportunity for traders looking to capitalize on the next potential rally. Namaste!
As expected from my previous analysis, rejection from 20500 was made and daily topping tail was printed, expect further downside to possibly 19700
I could not post the chart here but I did it on x. This is bullish . Entry was shared & done yesterday post market after ER i.e 9th Dec 2024 post market Entry 172.5 Sl 165 Target should be back to 190 min
WTI/USD has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 68.74 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retraecment. Stop loss: 70.41 Why we like it: There is a pullback resistance level. Take profit: 67.09 Why we like it: There is a pullback support level that aligns with the 127.2% Fibonacci extension.