BTC recently broke out of an accumulation range, highlighted by the yellow box on the chart. Following the breakout, price surged and tapped into a nearby supply zone, showing signs of rejection. Current movement suggests a potential shift in momentum to the downside. We are currently monitoring a potential short setup on BTCUSD after price tapped into a clear supply zone around the 94,600 to 94,800 level. Trade Idea Summary: - Bias: Sell/Short - Stop Loss: 95,000 - Take Profit: 88,830 - Risk to Reward Ratio: 1 to 2.57 Key Levels: - High: 94,577 - Zone of interest: 94,600 – 94,800 - Support and target: 88,827 - Previous range low: 84,016 Notes: This setup is based on a bearish reaction at the supply zone. A clean break of the 93,000 support level would provide further confirmation. Intraday volatility is high, so manage risk carefully.
The 1-hour moving average of gold continues to turn downward. If a downward dead cross pattern is formed, then there is still room for gold bears to fall. Gold is under pressure to fall near the resistance line of 3340. https://www.tradingview.com/x/PmvrgD4B/ Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish. Trading ideas: short gold near 3338, stop loss 3350, target 3318
??? USD/JPY news: ➡️ Global risk sentiment received a significant boost after U.S. Treasury Secretary Scott Bessent stated at a private investor summit that the tit-for-tat tariff battle between the U.S. and China will soon ease. Following this, White House correspondent Karoline Leavitt told reporters that the Trump administration was preparing for a deal. This, in turn, increased investor appetite for riskier assets and triggered capital outflows from traditional safe havens like the Japanese Yen. ➡️ Meanwhile, U.S. President Donald Trump ruled out the unprecedented move of dismissing Federal Reserve Chair Jerome Powell before his term ends in May 2026. This helped spark a solid rebound in the U.S. Dollar from a three-year low, drawing fresh buying interest in the USD/JPY pair during Wednesday’s Asian session. However, the dollar's upward momentum faded amid expectations of more aggressive policy easing from the Fed. Personal opinion: ➡️ The USD is being supported in the short term after the latest dovish news from Trump. So in the short term, it will create a downward momentum for USD/JPY ➡️ Analyze based on important resistance - support levels and Fibonacci combined with EMA to come up with a suitable strategy Plan: ?Price Zone Setup: ?Buy USD/JPY 141.60 - 141.40 ❌SL: 140.90 | ✅TP: 142.60 – 143.00 FM wishes you a successful trading day ???
Gold Support Level: 3280 -3220. Join Telegram Channel!
Today's RALLY pattern suggests the SPY/QQQ will continue to push higher, possibly breaking upper resistance near $550/493. As I suggested in this video, I believe the upward price trend bias will continue into Friday (4-25) and suddenly shift into a BEARISH price trend/bias early next week. The May 2-5 Major Bottom cycle low, my research predicts, will happen and should prompt a fairly strong downward price trend as we near the end of April and head into early May. Gold and Silver will likely consolidate a bit over the next 24-48 hours. So, this is a great time to pick lower entry price levels for LONGS/CALLS. Ultimately, I'm still expecting Gold to rally above $3750 before the end of May and attempt to target $4500++ before the end of June. BTCUSD is moving into a potential "INVALIDATION" phase. Although I'm currently estimating the probability of that invalidation at about 20-30%, it is still a valid price trend. I believe BTCUSD will shift into a downward price trend as the markets continue to unwind excesses through the May, July, and October lows, according to my cycles. The big opportunity for traders over the next 48 hours is playing the upward trend bias in the SPY/QQQ - then moving into a mode of preparation for next week's breakdown/downward price trend in the SPY/QQQ. So, play it smart. Follow the chart and don't try to be a superhero. Play what is in front of you and prepare for the bigger price swings headed into next week and beyond. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
https://www.tradingview.com/x/XgtXbvpb/ My dear friends, Today we will analyse US30 together☺️ The price is near a wide key level and the pair is approaching a significant decision level of 39,946.6 Therefore, a strong bearish reaction here could determine the next move down.We will watch for a confirmation candle, and then target the next key level of 39,429.8..Recommend Stop-loss is beyond the current level. ❤️Sending you lots of Love and Hugs❤️
After a strong bullish move in Wave 3, GOLD is currently in a corrective Wave 4 phase, consolidating near key support levels as per Elliott Wave Theory. The market is showing signs of stabilization and preparing for the next leg up. ? Wave 4 – Healthy pullback after a strong impulse ? Wave 5 – The next move could break previous highs and open major profit potential! ? This could be a golden opportunity to build your position before the breakout. ? Who’s watching GOLD closely right now? Drop a ? in the comments! #goldanalysis #elliottwave #goldsignal #wave5incoming #tradingopportunit
Welcome to today's analysis! Let’s break down the current price action on CRYPTOCAP:LTC and potential trade setups. ? Overview: CRYPTOCAP:LTC Forming Bearish Head and Shoulders Pattern ? CRYPTOCAP:LTC is currently forming a head and shoulders pattern, which is typically bearish and could indicate a potential downward move. ? Current Scenario: CRYPTOCAP:LTC has formed a left shoulder, head, and is now developing the right shoulder. The purple neckline is a key support level to watch. A break below the purple neckline could signal a bearish continuation and a potential move toward the green line target level. ? Key Levels to Watch ? Neckline Support: Purple Neckline (Key level to watch for a breakout) ? Target: Green Line Level (Measured move equal to the distance from the head to the neckline, projected downward from the breakout point) ?️ Trade Scenarios ? Bearish Scenario (Breakout Below Neckline) If CRYPTOCAP:LTC breaks and holds below the purple neckline support, it could move toward the green line target level. This breakout would confirm the head and shoulders pattern and suggest a potential downward trend. ? Bullish Scenario (Failure to Breakout) If CRYPTOCAP:LTC fails to break below the purple neckline and instead moves higher, it could retest the resistance levels within the pattern. A failure to hold below key resistance levels could indicate a potential reversal or further consolidation. ? Conclusion CRYPTOCAP:LTC is forming a head and shoulders pattern. A breakout below the purple neckline support could signal a bearish move toward the green line target level. If the price fails to break out, further consolidation or a retest of resistance levels may be necessary
Shares of Tesla (NASDAQ: NASDAQ:TSLA ) stock surged 6% in early premarket trading on Wednesday amidst missing expectation, Q1 profit drops 71%. Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company's image. The automaker's shares (NASDAQ: NASDAQ:TSLA ), rose about 6.5% in premarket trading on Wednesday after Musk said he would cut back, opens new tab his work for U.S. President Donald Trump to a day or two per week from sometime next month after the automaker posted a 71% slump in net income and a sharp drop in automotive revenue. Since hitting a record high in December, Shares of Tesla (NASDAQ: NASDAQ:TSLA ) have lost about half its value reducing its market capitalization by more than $500 billion, largely on concerns that brand damage could hurt sales for a second straight year. Tesla said it will a review of its full-year delivery forecast amid shifting global trade policies in the second quarter earnings update, which is expected in July. While Tesla is less likely to be affected by global tariffs than legacy automakers, it still expects an outsized impact on the fast-growing energy storage business that uses battery cells from China. Technical Outlook As of the time of writing, NASDAQ:TSLA shares are up 6.5% in premarket trading. The asset is undergoing a bullish reversal pattern after bouncing off from the critical support point of $218. TSLA shares are aiming for a 118% surge should the asset break the key Fibonacci levels highlighted on the chart. With the last trading session's RSI at 46, NASDAQ:TSLA is well primed for a bullish campaign since consolidating late December, 2024 losing almost 56% of value, TSLA shares are looking to capitalize on that.
If we checked our chart we will see that we have a very strong Support forced the price every time to respect it and go up , so now i think the price can close below it to give us a good chance to sell this pair and targeting 250 pips , but first condition , we need a closure below my support area with good bearish P.A , And then we can enter from the area i mentioned and targeting 250 pips . if we have not a closure below then no short setup.