TAOUSD has shown strong bullish potential after breakout of two key patterns. The first pattern was a wedge, which formed between May and September 2024. This pattern is typically a bullish reversal signal, and as expected, the breakout led to a strong rally. After reaching new highs, the price then entered a bearish channel, which served as a corrective phase rather than a trend reversal. Recently, TAOUSD successfully breakout of this bearish channel and has now retested the breakout zone around $411, confirming previous resistance as a new support level. Currently, the $400 – $411 zone acts as a critical support area that needs to hold for further upside continuation. If the price maintains strength above this level, the next key resistance to watch is $480, where previous price rejections occurred. In the medium term, the major bullish target lies at $705 – $730, aligning with a previous major high. From a trading perspective, aggressive entries can be considered around $410 – $420 during this retest, while conservative traders may wait for confirmation with a strong breakout above $480. A stop-loss should ideally be placed below $400, as a breakdown below this level could invalidate the bullish outlook. For confirmation, volume strength should be monitored, as a breakout with low volume may indicate weakness or a potential fakeout. Additionally, broader market sentiment, particularly Bitcoin’s trend, could influence TAOUSD’s price action.
?Key Overview: The EUR/NZD pair is currently trading near a strong support area around the 1.8170 – 1.8200 zone, which has previously acted as a significant demand level. The price has tested this region multiple times, indicating a potential bullish reversal if buyers step in. ?Support & Resistance Levels: - Support Zone: 1.8170 – 1.8200 (Key buying area) - Resistance Levels: - Immediate Resistance: 1.8277 (Recent price level) - Major Target: 1.8493 (Target area from historical highs) ▪️Moving Averages & Trend Outlook: - The 50-period EMA (red) is sloping downward, indicating short-term bearish pressure. - The 200-period EMA (blue) is above the price, acting as dynamic resistance. - If the price holds above the support zone, it could push toward 1.8330 - 1.8493 in the coming sessions. ▪️Trading Outlook: - A bounce from the strong support zone could initiate a bullish move targeting the 1.8493 level. - A break below 1.8170 could invalidate the bullish setup, leading to further downside. - Confirmation of a reversal (e.g., bullish candlestick formations) would strengthen a long trade bias. ?Conclusion: The EUR/NZD pair remains in a key decision zone. A bullish reversal from the support area could provide a strong upward move, while a breakdown may extend losses. Traders should watch for confirmation signals before entering positions. ?Don't Forget To Hit The Like Button & Share Your Ideas In Comments.
I wont be looking for a trade today but my bias is that we are looking to fill the gap below and to take out the liquidity below that. NY could be sells and once we take out the liquidity, we will be looking for upward movement.
?#BTC Still need to wait patiently☕️ ?The market fluctuations on Monday are very violent, because all parties' capital will enter the working state, so we need to be cautious enough. BTC's dominance has increased again, which also caused us not to follow the market further down, but we still need to be vigilant about this possibility. ➡️The current support of BTC is around 95000-94000. If it can be supported here and recovered quickly, then the resistance area we need to pay attention to is 96000-96600 ➡️As the price is gradually compressed, we need to wait patiently for the long structure to be built here before we can actively look up. Let's see? ?If you like my analysis, please like? and share? BITGET:BTCUSDT.P
BURGERUSDT has recently completed a breakout from the Falling Wedge pattern, and it has already retested the breakout level successfully. A Falling Wedge breakout often signals a shift from a downtrend to a potential uptrend, and this retest confirms that the breakout level is now acting as a strong support. With the price stabilizing and holding above this key support level, BURGERUSDT is set to continue its bullish move. The projected gains from this point are significant, with an estimated range of 120% to 130%+, as the market looks ready to resume its upward momentum. The volume accompanying this breakout is a key indicator of the strength behind the move. Good volume during the breakout and retest confirms that market participants are supporting this price action, and the move is not likely to be a false signal. With the retest successfully holding at support, BURGERUSDT has solidified its position for the next leg up. This suggests that the asset is primed for continued growth as it begins its upward trajectory, offering substantial gains to those who act at this critical point. Investors have been showing increased interest in BURGERUSDT, recognizing the potential for growth after the breakout and retest. As more traders see the strength in the price action and volume, more buying pressure could be expected, further propelling the price higher. With the breakout behind it and strong investor confidence, BURGERUSDT is well-positioned for a rally toward its projected 120% to 130%+ target. The technicals are looking favorable, and the market sentiment appears to be positive. Traders should keep an eye on BURGERUSDT as it consolidates above the retest level. Any signs of further bullish continuation could provide an opportunity to enter before the price moves higher. With the technical setup and market dynamics aligning, BURGERUSDT represents an exciting opportunity for those looking to capture high returns in the next phase of its rally. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is Your opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
The price chart has clearly established a robust resistance level, showing no signs of breaking through again. As a result, the price is likely to breach the first trendline in the near term, entering an accumulation phase. During this phase, the price is expected to consolidate for some time before eventually breaking the second trendline. This breakout will likely trigger a downward movement, potentially driving the price toward the 1.013 level by mid-March.
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USDJPY currency pair can be expected to rise to the next resistance level 151.00 (former strong support from the start of February which created the daily Morning Star).
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