Gold may be in the process of wave IV in a Flat or Triangle pattern with an interesting retracement target of 38% as shown in the chart.
the amount of hate eth is getting same time every cycle and focus turned to solana and meme coins, eth and utility plays will soon perform very well. same thing happens every cycle eth is slow then all of a sudden it just pumps and alt season is here. the left chart is the monthly which is getting ready to breakout, and the right side is the 2week inverse h/s .chart both charts look good, just because its moving slow as it always does doesn't mean its bearish, the monthly 21 average is holding just find and the 2 week 21 average is perfectly intact. a lot of confluence here be ready for an eth rally and alt season very soon. utility plays on eth will be low risk high reward then the casino on solana with high risk high reward. eth will break to new all time highs.
Hello everyone, what do you think—should we buy or sell gold today? Currently, gold remains highly attractive to bullish investors, climbing to its highest levels in weeks, supported by a sharp decline in the USD Index, with prices hovering around the $2750 region. On the 4-hour technical chart, gold consistently shows BOS (Break of Structure) patterns, signaling that the bullish momentum may continue for now. Key levels to watch are the $2760 resistance and $2720 support zones, which are critical areas for potential breakouts and strength for the metal. Personally, I lean toward a buying strategy. What’s your take? Don’t forget to set your TP and SL when trading!
SHIBA is forming an Ascending Triangle Pattern on the weekly chart—a bullish structure! Price is consolidating with higher lows and testing the resistance at 0.00003203. A breakout above this level could see SHIBA pushing toward the next target of 0.00005363, based on the measured move of the pattern. ? ? For more insights and strategies, subscribe to my YouTube channel: CryptocurrencyGroup ProChart! ? #SHIBAINU #Crypto #TradingView #TechnicalAnalysis
Gold price has been bullish since the start of the week. Price hasnt been settling for low regions since the start of this week,Wensday wasnt much of a volatilty compared to other days. Last week High was anticipated to be $2750 which got achived this week, price target for this week is anticipated to be 2800 which is less than 2% move away from wensday open, it is also possible to hit this target next week if we get a reversal/retracement this thursay and friday.
The cryptocurrency world was shaken on January 20, 2025, when Melania Trump, the incoming First Lady of the United States, launched her own meme coin, $MELANIA ( PHEMEX:MELANIAUSDT.P ). Riding the wave of excitement surrounding her husband Donald Trump’s inauguration as the 47th U.S. President, $MELANIA surged to an all-time high (ATH) of $14.50 within hours of its launch, boasting a market capitalization of over $2 billion. However, the hype was short-lived as the token plummeted by more than 76%, stabilizing around $3.40 by January 23. This dramatic rise and fall highlight the extreme volatility of meme coins like $MELANIA. Now, with traders closely watching its next moves, we explore two possible scenarios for $MELANIA’s price action and how you can trade it like a pro. Bullish Breakout: A Resurgence in Momentum. After its sharp decline, $MELANIA may be setting up for a bullish breakout. As of January 23, the token has formed a second low with a higher Relative Strength Index (RSI) compared to its first low on January 21. This signals that buying power is returning to the market. If $MELANIA breaks above the key resistance level of $4 with high trading volume, it could indicate strong bullish momentum and open the door for further gains. In this scenario, traders should watch for resistance levels at $5, $5.9, $8, $9.2, $10.8, and $12.9 as potential profit-taking zones. Positive sentiment around the token—possibly driven by media coverage or endorsements—could fuel further price increases. If you’re a short-term trader, consider gradually taking profits at each resistance level to lock in gains during the rally. For long-term holders who believe in the token’s potential or its association with Melania Trump’s public profile, holding through volatility may yield greater rewards. Bearish Drop: A Chance to Buy the Dip. On the flip side, there’s also a risk that $MELANIA could face another sharp decline if selling pressure intensifies. If the price falls below $3.29 with high trading volume and a lower RSI (below 19), it could signal further bearish momentum. In this case, psychological levels such as $3, $2, and even $1 might serve as key support zones where traders can look to buy the dip. However, caution is essential here—if the price slows down near these levels with lower volume and higher RSI compared to previous dips, it may indicate that $MELANIA is attempting to build a support base. This would present an opportunity for traders to accumulate tokens at discounted prices before any potential recovery. Conclusion. Trading meme coins like $MELANIA is not for the faint-hearted—it’s a game of high risk and high reward. With its dramatic price swings and speculative nature, this token reflects both the opportunities and challenges of trading in volatile markets. As Melania Trump garners attention in her new role as First Lady and continues to promote her digital asset, traders should remain vigilant and adapt their strategies based on evolving market conditions. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage. For those willing to embrace the risks, $MELANIA offers an exciting opportunity to trade one of the most talked-about tokens in crypto history—so gear up and trade MELANIA like a pro! Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
If previous IPOs are a go-bys, I'll be waiting at the bottom of the "Cup" for my entry
Trading Analysis: * Trend: PLTR is currently recovering strongly from a downtrend, moving above significant resistance levels. * Key Levels: * Support: $73.00 * Resistance: $79.96, $80.06 (major resistance wall). * Indicators: * MACD: Bullish crossover indicates potential continuation of momentum. * Stochastic RSI: Overbought but showing signs of potential divergence, which could slow the rally. * Volume: Recent spikes in volume reinforce bullish sentiment. GEX Option Insights: https://www.tradingview.com/x/UyObiqN1/ * Gamma Wall: Highest positive NETGEX at $76, acting as a key resistance level. * Call Walls: * $76.04: Immediate resistance. * $80.06: Significant upside target. * Put Walls: * $70.00: Support zone. * $69.00-$68.00: Key levels for downside protection. * IV Analysis: * IVR: 86.1 * IVx: Averaging 75.4, indicating options are actively traded but not excessively priced. Actionable Trade Scenarios: 1. Bullish Setup: * Entry: Above $76.50 * Target: $79.96 - $80.06 * Stop-Loss: Below $74.50 2. Bearish Setup: * Entry: Below $73.00 * Target: $70.00 * Stop-Loss: Above $75.00 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and manage risk responsibly.
If Bitcoin breaks below the $87,000, it will likely experience a deeper correction. Investors should be cautious and consider reducing their exposure. This scenario is for reference only.
**Entry 2752/2765:** Please check the chart for the TP levels. https://www.tradingview.com/x/4dbKHzkl/