? Bearish Move Expected! PathLine has identified a strong resistance zone, and gold is showing signs of reversal. A potential drop toward $2910 is in play. ? Trade Setup: ? Entry: Short now ? Stop Loss: Above resistance zone ? Target: $2910 ? PathLine Indicator works perfectly on gold and all markets! If you want access to this powerful tool for precise trading signals, DM me now!
Spot gold continued to rise during the European session and continued to hit a record high. Fundamentally, it is still in the stage of risk aversion pricing. Whether it is the slowdown in the Fed's interest rate cut expectations or the rebound of the US dollar index, it cannot stop the upward trend of gold prices. At present, before the fundamentals turn, gold prices are expected to rise further, and after the technical level is corrected, it will rise again. Maintain a bullish attitude during the day and pay attention to whether the geopolitical situation is eased and whether there is new progress in the trade situation. On the technical side of gold, gold hit a new high of 2946 again on Wednesday, but it did not continue after the high. The US market fell, and the price fell to 2918 at the lowest. It rose again in the late trading and the K line closed flat. The daily line recorded a Yin cross line. So will the market continue to rise or enter adjustment? From the perspective of form, the cross star is preceded by a continuous positive line. Don't think it is stagflation. On the contrary, there is no increase in volume to a great extent. This trend must be followed. The US dollar rebounded and fell again, so gold operations continue to follow the trend and look up. Structurally, gold is currently in a strong bullish trend. The price at the daily level has risen strongly based on the 5ma, with the maximum retracement of 10ma. Currently, the 5ma has moved up to the 2920 line and the 10ma has moved up to the 2910 line. In the short term, only if it breaks through 2910 will there be a larger decline. In the short term, the 2920 support level will be maintained and repeated adjustments will continue to push up. In the short term, the upper side looks to be around 2955-2975. However, now that it is near the end of the week, we must remain cautious while being bullish and beware of the risk of a reversal! Recommended to buy at 2950, stop loss at 2945, target at 2958-2965;
BINANCE:OMUSDT still looks quite interesting. Consolidation in the flag format is forming within the bullish trend. The structure looks strong especially against the background of a weak altcoin market Bitcoin after Trump's speech yesterday was able to overcome local resistance and entered the buying zone. If the price can hold above 96.5 - 97K and continue its growth, some altcoins may have a bullish driver, which could push them up in general, including the already strong OMUSDT Technically, the focus is on the local descending flag channel, within which there are two key supports 7.324, 7.213. A false breakdown could trigger a continuation of the upside. Resistance levels: 7.755 Support levels: 7.324, 7.213 The trigger for growth continuation in our case is the channel border and resistance at 7.755. At the moment, we are still far from this zone and the coin is heading towards the support. A retest of the liquidity zone may end with a bullish impulse. Regards R. Linda!
S&P 500 (SPX500) Technical Analysis – February 20, 2025 The S&P 500 is consolidating above the ATH pivot zone (6,122 - 6,129), maintaining its bullish momentum within an ascending channel. The market is testing key levels, with buyers looking to push toward the next resistance zone. Technical Outlook Bullish Scenario: As long as the price holds above 6,122, the uptrend remains intact, targeting 6,168 and 6,224. A breakout above 6,224 could extend the rally toward 6,279. Bearish Scenario: If the price breaks below 6,122, it could signal a correction toward the 6,102 pivot zone. A confirmed 4H close below 6,102 could lead to further declines toward 6,031 and 6,010. Key Levels to Watch ? Pivot Zone (ATH): 6122 - 6129 ? Resistance Levels: 6168, 6,224, 6279 ? Support Levels: 6102, 6031, 6010 ? Directional Bias: The market is expected to test 6,168, and as long as 6,122 holds, the bullish momentum remains valid. A break below 6,122 could lead to a short-term correction. ? Will S&P 500 continue its uptrend, or is a pullback coming? Drop your thoughts! ??
$PAW, the Ethereum-based memecoin, is showing strong signs of an impending breakout. Having dipped from its all-time high market cap of $31 million to $12.37 million, many traders have been left questioning its future. However, technical indicators and fundamental developments suggest that a major recovery is on the horizon. Technical Analysis A closer look at $PAW’s price action reveals the formation of a falling wedge pattern, a historically bullish indicator signaling a potential reversal. After a sharp decline in the last week of January, the token has been consolidating, with increasing buying pressure suggesting an imminent breakout. Key technical levels to watch: - 38.2% Fibonacci Retracement: A breakout above this level could serve as the key catalyst for the anticipated 100% surge. - Oversold Conditions: The token has remained in oversold territory for an extended period, indicating a possible trend reversal. - Support and Resistance: Should the breakout fail, $PAW may seek new support levels near its one-month low before attempting another rally. Given the tightening wedge structure, a breakout appears imminent, potentially pushing $PAW back toward its recent one-month high. Exchange Listings and Innovative Blockchain Model Beyond technical indicators, $PAW’s fundamentals strengthen the bullish case. The token is currently available on a few centralized exchanges (CEXs) such as MEXC, Bitget, and Gate.io. However, its absence on major platforms like Binance, KuCoin, Bybit, Coinbase, and Kraken leaves significant room for growth. A listing on any of these top-tier exchanges could trigger explosive upward momentum. Additionally, the strength of PAW Chain’s underlying technology sets it apart. PAW Chain is the first blockchain integrating Layer 0, Layer 1, Layer 2, and Layer 3 with instant transaction finality. This innovative model eliminates DeFi complexities and consolidates liquidity into a single pool, allowing seamless cross-chain trading. As adoption increases, PAW Chain’s unique architecture could drive significant long-term value for the token. Market Sentiment and Price Outlook Currently, $PAW is trading at $0.0000000131 with a 24-hour trading volume of $793,924, ranking #1028 on CoinMarketCap. While it has seen a minor decline of 0.38% in the last 24 hours, the broader outlook suggests a strong recovery potential. If $PAW successfully breaks the 38.2% Fibonacci retracement level, the projected 100% rally could push the token back to its recent high, making it an attractive opportunity for traders looking to capitalize on its rebound. Final Thoughts The combination of a bullish falling wedge pattern, oversold conditions, limited exchange listings, and a groundbreaking blockchain infrastructure makes $PAW a token to watch. While short-term volatility remains a possibility, the upside potential significantly outweighs the downside risks. If momentum builds and strategic listings materialize, $PAW could be set for a major comeback, reaffirming its place in the meme coin sector.
Possible buyside, if conditions are met. Will monitor and decide accordingly. HTF suggests we are sideways with a possible breakout either side tomorrow, but we will see.
Morning folks, So market stands in the narrow range for the 3rd week already and not leaving hopes to show the bounce up to 101-102K area. Last attempt (in the way of cup pattern that we've discussed last time) has failed. We don't care about it because mostly stay focused on weekly bearish DRPO pattern. Thus, any bounce here we consider first as a chance to Sell. And only second as a possible upside continuation. For now BTC is trying to make an another attempt and form reverse H&S pattern on 1H chart. So target remains the same 101-102K. We have no intention to go long right now. But, if you trade intraday or just search chances to buy - maybe be this setup might be useful to you. Supposedly 96K is an area where decision on position taking has to be made. I keep the "bearish" mark for this setup. But, as now as last time - the bounce to 101-102K area are not excluded.
https://www.tradingview.com/x/djNAHH9q/ Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 106.963. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 106.002 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/0KyriMkU/ Take a look at our analysis for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,953.88. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,994.97 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/muf8wGWF/ Please, check our technical outlook for EURUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.043. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.041 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!