It looks like ETH/BTC has hit bottom, but If we want to look only at time, we have more time We are at Q4 2020 prices... Let's see
- Nikkei 225 fall inside sideways price range - Likely to fall to support level 38025.00 Nikkei 225 index recently reversed down from the strong resistance level 40285.00 (upper border of the tight sideways price range inside which the pair has been moving since October) standing close to the upper daily Bollinger Band. The downward reversal from the resistance level 40285.00 stopped the previous minor wave c, which started earlier from the lower border of this price range 38025.00. Nikkei 225 index can be expected to fall to the next support level 38025.00 – from where the index is likely to correct up.
EUR/USD remains in corrective mode, accelerating its recent breakdown below the 1.0500 support level, though it manages to hold onto daily gains amid a mild recovery in the US Dollar.
VIX made a nice spike over the weekend and we can see that volatility is back on the table with this administration. Do yourself a favor and look at this baby! Literally the easiest trade you will ever make. Follow SMA 10 on the 30min chart. Don't buy until SMA 50 is positive and close to the close price!!!!! Looking to share the love and even if you lost on other trades, this is looks real sweat. Trade your rice and beans for a nice Argentinian steak with chimichuri! Always do your own due diligence and best of luck!
- Gold reversed from resistance zone - Likely to fall to support level 2711.00 Gold recently reversed down from the resistance zone between the key resistance level 2789.00 (former multi-month high from October), resistance trendline of the daily up channel from November and the upper daily Bollinger Band. The downward reversal from this resistance zone will likely form the daily Japanese candlesticks reversal pattern Bearish Engulfing (strong sell signal for Gold), if the price closes today near the current levels. Given the strength of the resistance level 2789.00 and the overbought daily Stochastic, Gold can be expected to fall to the next support level 2711.00.
After all the AI related FUD across all markets we need to reexamine where the crypto markets are with the current trend. Looking at the short term 2H we would like to see price rebound from this level. On our 2H rsi I have drawn green circles around the previous time strength has shown up off this level propelling price upwards. If we do see a rebound here it is very important to watch our old support trendline. Depending on what time we would test it, BTC's price could be between $103.5-$104.5. If we see a rejection from that level (old support becoming new resistance) then we could expect a deeper correction across the board. But if we are to reclaim the triangle and reclaim that support level, this downside move will just become a liquidity grab before the $108k level is broken through.
This move up fundamentally is about USD weakness rather than GBP or EUR being strong - with further interest rates coming, and the UK economy in a bit of a mess, gradual downtrend to continue... Good luck all!
Dow Jones remains heavily bullish on its 1D technical outlook (RSI = 63.633, MACD = 251.980, ADX = 35.788) and in contrast with Nasdaq's heavy losses, which is rattled by DeepSeek, it is rising. It seems that industrial stocks are absorbing quite a significant portion of tech's losses. Dow's long term Channel Up pattern remains intact and last week's crossing over the 1D MA50 and the bearish wave, confirmed that we are at the start of the new bullish wave. Based on the HL of the 1D RSI that was completed on the January 10th bottom, we draw strong comparisons with the October 27th 2023 bottom. If the index holds the 1D MA50, we expect the next high to be at 48,000 and after a pullback, complete the wave by May on a +20.75% rise (TP = 50,500), same as the increase of the 2024 bullish wave. See how our prior idea has worked out: https://www.tradingview.com/chart/US30/4IPefE4z-DOW-JONES-contact-with-the-4-month-Support-Zone-Strong-hold/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Hi Traders What's are your thoughts about GOLD Price? Here is GOLD analysis please feel free and share your idea in comments i will be Glad on the 45Mint time frame we see the bullish candles with seems as last week as the price will stay from current price to Buy side then Possible resistance Zones 2755 if the price will up from this resistance then target would be 2772.00 Background is more strong i expect the markey to trend higher fallowing to pull back
GU has just sweeped the previous week high, and closed back on the ranger after sweeping the previous week high and made a change in state of delivery, formed an fair value gap as marked, and a little one i entered on, there's probabilities that will will drop to the London low, where it's my target. ?