The price has broken through multiple support levels, showing continued weakness with no strong reversal signals yet. The downtrend remains intact, and unless a solid base is formed, further downside movement is possible. Key Considerations: Support & Reversal Area: As no significant buying pressure has emerged, the next key level to watch is where price stabilizes and forms a potential reversal pattern, such as a double bottom, bullish divergence on RSI, or strong volume accumulation. RSI & MACD Signals: If RSI reaches oversold conditions with bullish divergence while MACD starts to turn upward, it could indicate a possible reversal. However, confirmation is needed before considering an entry. Trend Strength: The current price action suggests weak momentum, and blindly accumulating at this stage carries high risk. Waiting for clearer signs of stabilization or a confirmed breakout is a more prudent approach. Should You Start Collecting? For myself, I wouldn’t rush into accumulating blindly. Instead, I would: 1. Wait for a Base Formation: Look for strong support and consolidation before considering entry. 2. Watch for Volume Confirmation: Increased buying volume at support can indicate institutional accumulation. 3. Monitor Key Indicators: Oversold RSI, MACD crossover above zero, or bullish candlestick patterns could signal a potential turnaround. Potential Trade Plan: If a strong support emerges, look for confirmation before entering. If the downtrend continues, stay patient and wait for a reversal signal. Avoid catching a falling knife.... let the market show clear signs of strength first. Disclaimer: Please be informed that all stock picks are solely for educational and discussion purposes; they are neither trading advice nor an invitation to trade. For trading advice, please consult your remisier or dealer representative.
Hi traders, Last week XAUUSD started up and consolidated. The corrective pattern is not finished yet so I wait for more development. Next week we could see one more move down to finish a crrection down. But let's see what price does and react. Trade idea: Wait for more development. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
Xrp usdt Daily analysis Time frame daily Risk rewards ratio >1.5 Short position ↘️↘️ Bad news for Ripple investors Head and shoulders pattern is created So I think , maybe xrp fall down to 1.7$
The price is once again meeting the support level that has remained unbroken for three years. At this point, I expect a recovery towards the purple trendline, where there will be a new attempt at a bullish breakout. The triangle is reaching the apex of compression.
The price action briefly tested the 0.690 level before retracing, signaling potential resistance at this area. The RSI reaching overbought territory suggests that buying momentum may be overextended, increasing the likelihood of a pullback or consolidation before any further upward move. Despite this short-term bullish push, the MACD remains below 0, indicating that the broader trend is still weak, and upward momentum lacks confirmation. A bullish MACD crossover above the zero line would strengthen the case for continued upside. Key Levels to Watch: Resistance: 0.690 (recent high) Breakout Confirmation: A sustained move above 0.690 with increasing volume could signal further upside, while failure to break could lead to further downside. Potential Scenarios: Bullish Case: If the price consolidates and the MACD turns positive, it could support a stronger upward move beyond 0.690. Disclaimer: The mentioned stocks are based solely on personal opinions for educational and discussion purposes only. There are no buy or sell recommendations. Trading involves financial risk, and you are responsible for your own decisions. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the information contained herein.
kaito looks like it is going to try a long position. spot nfa
Based On My Trading Algorithms UPST Is About To Move Down 38% !!!
With the help of my indicator, I was able to confirm the trend reversal. The indicator takes profits in three stages. Trade target: 1:2 RR
BTCUSDT is consolidating within a symmetrical triangle on the 4H timeframe. The is nearing apex, signaling an imminent breakout. Two key scenarios to watch Bullish Breakout: If BTC breaks above the upper trendline, we could see a move toward the FWB:88K to 92k resistance zone, with a potential test of $100k. Bearish Breakdown: A breakdown below the bearish trendline may trigger a drop toward $76k and possibly FWB:73K , a major support level.
ONDO is testing it trend line that goes way back to when coin launched. Also testing very strong supply area. If Close above 1.01 level it will be very bullish. Looking forward.