My analysis shows that EURUSD might fall after reaching the Dynamic resistance, here are the reasons why 1.The overall trend is a downtrend with Bears in control, as we can see from the chart 2.The market is in a Bearish channel meaning bears are in control of the overall trend 3.The Dynamic resistance was tested and respected 2 times meaning there's a high chance it might be respected again, which will cause the market to drop down As we can see, the Resistance is strong as it was able to push the price all the way down
? Welcome to TradeCityPro! In this analysis, I want to discuss the NOT coin, a project in the Telegram space part of the Tap To Earn category that gave its airdrop to users a few months ago. Following its launch, it experienced significant growth due to the hype it created. ? Daily Timeframe: Hidden Trendline After the token launch and price pump reaching a resistance at 0.022602, the market entered a bearish phase. The price has been declining along a downward trendline, breaking down to 0.005699 after dropping past 0.010029. ? Currently, the price is ranging in a box between 0.005699 and 0.010029, where the downward trendline is also defining the price floors, and the price is reacting to it. ? The market volume has significantly decreased since reaching the ATH, but during the bullish legs from the box's floor to its ceiling, the volume was higher, suggesting that the bullish momentum in the market might be stronger than the bearish. ? The first price trigger for buying is breaking the resistance at 0.006862, which is considered a risky trigger. If you are a risk-taker, you might consider opening a long position at this trigger. The main trigger for a long position will be at 0.010029. ? For short positions, the most crucial support is at 0.005699, with the next area being 0.004733, which is the fundamental floor for the price. However, in my opinion, the support at 0.005699 will be more critical for the price. ✨ The RSI oscillator has clearly defined its triggers for shorts and longs. Breaking 50 on the RSI is a good confirmation for going long, and breaking 30 is suitable for shorts. https://www.tradingview.com/x/J28WnLwO/ ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
https://www.tradingview.com/x/l94oTOcq/ It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADJPY chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
This Weekly FORECAST Opportunity for DIALOG. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR). Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
hello trader's. what do you think about gold. current price: 77.00 So Some Support and Resistance i Find in The Daily Chart Let's Find out on H1 Time Frame we have First Support is the today Low it's 76.00 then 75.00 and The first Resistance is 78.50 and then demand zone 75.00 resistance zone: 77.80 / 78.50 support zone: .76.00 / 75.00 please like comment and follow
The USDCHF pair has broken below an ascending channel, signaling a shift in momentum. If the price will retest the zone at 0.91200, which previously served as channel support, this area may now act as resistance, aligning with a potential bearish continuation. The market structure suggests further downside if the rejection holds at the current levels. I anticipate that the price will move downward toward the 0.90276 level, which represents a logical target for this setup. This setup aligns with the idea of a trend reversal after a channel break, offering a shorting opportunity on rejection from resistance.
Price review and key levels As can be seen from the chart, gold has recently fluctuated between $2,684 and $2,691. The current price is at the upper edge of the rising channel, showing certain upward potential. Fibonacci retracement levels provide important support and resistance levels: Fibonacci 0.236 ($2,678): The current price is close to this resistance level, and breaking through this position may open up further room for growth. Fibonacci 0.382 ($2,666): In the recent adjustment, this level has provided short-term support. Fibonacci 0.618 ($2,646): Shows strong support and is an important support point for the current upward channel. Technical pattern analysis 1. Rising wedge: The red trend line shows that the price of gold is fluctuating along the rising wedge, and the rising wedge usually indicates that the trend will continue. 2. Double top signs: A double top pattern appeared at the recent high, but the neckline was not broken, indicating that the bulls still have a certain degree of dominance. 3. Potential pullback: If the upper edge fails to break through in the short term, the support level of $2,675 (lower edge of the channel) may be tested again. Upward target Short-term target: If the price successfully breaks through the previous high of $2,697, the next target will be $2,705 or even higher. Long-term target: The channel extension trend shows that if the bulls are strong, the price has the potential to test the psychological barrier of $2,730. Risk factors and operation suggestions 1. Risk: If it falls below the lower edge of the channel (near $2,660), it may trigger more selling pressure, and the key support below is $2,640. 2. Trading suggestions: Long: It is recommended to wait for the price to break through $2,697 and then chase long with a light position, with a target of $2,705-2,720. Short: If it falls below $2,660, you can short with a light position, with a target of $2,646. Gold is currently in an upward trend, and in the short term, pay attention to the breakthrough of the $2,697 resistance level. The operation is mainly based on trends, and flexible responses are taken in combination with key support and resistance levels.
Forget about market moving 1% on CPI news if you've got a stock like NASDAQ:SGBX moving 100% or 200%, taking a piece of the action at the safe spot in & out then moving on to the next one and repeating until you've got more money than you know what to do with
We are ready. Consolidation is finished and we are ready for a final wave. This pattern is all u have to look at. See u in a few days.
That just tells you where price is going ;-) Well, combined with the knowledge you will learn in the 28D to 100K Challenge, we have this indicator LMAO