Again, a risky trade, in this analysis I have outlined everything you need on the chart for you, if the bulls hold support and we have good news tonight the target is $120. Note: Bitcoin dictates the market.
Hello Traders ! The CADCHF failed to create a new higher high ! The price formed a rising wedge pattern. At the moment, The higher low (0.63218 - 0.63295) is broken ! So, I expect a bearish move? _______________ TARGET: 0.62915?
The chart demonstrates a clear descending channel pattern that has been forming over the past few weeks. Ethereum has respected the boundaries of this channel, bouncing between support and resistance levels. Current Observation: Pattern: A descending channel often indicates consolidation after a strong trend. It can act as a continuation pattern when the price breaks out in the direction of the prior trend. Ethereum is currently trading near the middle range of the channel. Key Levels to Watch: Resistance: The upper boundary of the channel around $3,600-$3,800 is the critical resistance. A breakout above this level can lead to a strong bullish momentum. Support: The lower boundary near $3,000-$3,100 is acting as strong support, holding the price from further decline. Volume and Momentum: A breakout above the resistance line with increased volume would confirm a bullish continuation. Projection: If Ethereum breaks out of the descending channel on the upside: The next target could be around $4,200-$4,300, aligning with previous high levels. Key Considerations: A failed breakout could push the price back into the channel, retesting lower levels of support. Always manage risk with stop-loss orders placed below the channel support.
The opening of Monday continued the roller coaster ride. Trump's cryptocurrency rekindled the market's uncertainty and bets on further interest rate cuts. Overall, it was not as loud as the last time, and the bullish momentum was still there. In addition, a series of new policies will be announced, which will be focused on later. Pay attention to the watershed of 2690, and look up from above. Once it breaks down strongly, adjust your thinking. Key position: support 2685-2690, pressure 2715-20, wait for the key position to be combined with a breakthrough or reversal signal Operation suggestion (valid for the first touch) Article release time Buy near 2690-95, stop loss 6 US dollars, TP 2700-2720 control by yourself You can also choose to sell short after the pressure
https://www.tradingview.com/x/hj41zhZi/ USDCAD looks bullish after a breakout of a resistance line of a bullish flag pattern on a daily. Retesting that the price formed a double bottom on an hourly. Nice the price will most likely increase more. Goals: 1.4485 / 1.4490 ❤️Please, support my work with like, thank you!❤️
Technical analysis: Mixed signals regarding the Intra-day direction on Gold where Price-action entered Neutral belt of #2,700.80 - #2,727.80 on Daily chart where the sequence leans more to the Bullish side, while Weekly (#1W) and Monthly charts remains critically Bearish. Last week's Bullish motion / attempts was rejected near #2,722.80 - #2,727.80 Resistance belt with DX on Selling sequence which confirmed once again how significant mentioned zone is, as well gives me a hint that Investors are not interested in placing any kinds of serious orders ahead of Trump's inauguration, on another hand, market speculators may push Gold Higher in order to achieve most optimal entry point for their Short positions and that's phenomenon alone adds High Volatility on Gold market. However, I am expecting slow pace Rectangle Trading to continue without any meaningful patterns to Trade by as current Price-action could be more or less stationary, even though DX is Trading comfortably near local High’s. My position: After decent last week, I will remain on sidelines and Trade the break-out. Friday's session didn't had anything special to offer, in addition, if I decide to Trade, I will Trade the break-out. I am confident that #2,700.80 benchmark break will deliver very serious decline on Gold and #2,727.80 Resistance zone will arise Buyers and refresh Bullish Short-term trend on Gold. Keep in mind that ceasefire deal is done and Gold may lose value aggressively anytime. All this above paints very Volatile projection on Gold so Trade with caution. I do however expect to "Buy every dip" as long as #2,700.80 benchmark holds as an Support and psychological benchmark.
NZDUSD Took PDH PO3 Strong Sell, gave us breaker, most likely going to PDL
Company's arm signs MoU with China Railway to jointly develop Fako bauxite deposit in Guinea's Kindia region ** ASHM says deal will boost Ashapura Minechem's production capacity
Bullish Gold play 13 x from here on multi year chart Gold in triangle breakout CRB in triangle breakout (Commodities Index) nice wind up RHS shoulder is triangle wedge pattern with retest double bottom in the head part of the pattern too
+Y&M&W:._Bullish !D+:._Broke:Hl. !Confirmation +4h:._Retracing +1h:._Choch - Bearish Entry: 1h - Market Order. Bearish Till The Lower Leg.