Current Price Action: - Trading at $2.47, up 4.78% - Breaking out from a recent consolidation pattern - Showing first signs of trend reversal after extended downtrend Elliott Wave Analysis: - Appears to be completing Wave IV of a larger structure - Triangle pattern forming within Wave IV - Potential for Wave V upward movement targeting $3.85 (1.618 Fibonacci level) Key Technical Levels: 1. Support: - Major support at $1.60 (recent lows) - Triangle pattern support around $2.00 - Moving averages providing dynamic support 2. Resistance: - $2.36 (0.236 Fibonacci level) - $2.61 (0.786 Fibonacci level) - $3.34 (1.272 Fibonacci extension) Volume Analysis: - Recent volume increase supporting the breakout - Bottom indicator showing improving momentum - Volume pattern suggests accumulation phase Trading Considerations: - Breakout from triangle pattern suggests bullish momentum - Stop loss could be placed below triangle support ($2.00) - Risk/reward appears favorable for long positions Potential Risks: - Stock has been in long-term downtrend - Needs to maintain above breakout level - Historical volatility suggests tight stop losses needed
hello my fellow traders. what do you think about this analysis. Current BTCUSD Price: 92800 BTCUSD is going to drop after breaking out 92000 now mrket's next move will be 90000. If market continues its bearish trend then it can go further down. Key Points: resistance: 93000 Supporting Area: 90000 Note: Target : 90000 Kindly like, comment and follow for latest updates on BTCUSD.
USDCAD Daily CLS Range, HTF - 50% wick. Model 2 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. https://www.tradingview.com/x/aVeVgSeN/ CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. https://www.tradingview.com/x/C4QY64nH/ Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. Daily CLS range, HTF Old High liquidity. Model 2 What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. https://www.tradingview.com/x/aVeVgSeN/ CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. https://www.tradingview.com/x/C4QY64nH/ Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Bilra soft update chart updated forming descnding tringle chart it cam move both side
I expect price to make intermediate term highs above Asia session, taking out the Buyside liquidity. This could happen during the London or the New York Session, but what is essential is that the 4-hour candle high is swept. Price could then provides a short reversal set-up to take Asia LOW.
The gold market is currently struggling to maintain the support level of 2,600 USD/ounce, facing increased selling pressure as the U.S. housing market stabilizes. Data from the National Association of Realtors (NAR) shows that the Pending Home Sales Index increased by 2.2% in November, exceeding expectations. Gold prices are also down due to technical selling by short-term futures traders and the rise of the US dollar. Although January is typically the best month for gold, this year, several factors are limiting the metal's outlook. Looking at the technical chart, we can see that gold has experienced several periods of sideways movement and slight declines this week, so the current drop in gold prices is not surprising. With resistance at 2,628 USD, gold has dropped to the support level of 2,609 USD. If the gold market remains sluggish, gold may fall further to the support level of 2,592 USD and possibly lower.
Price has consolidated in SNR zone for the past few days. Creating a double top and a break of a counter trend line. Shorts incoming
Hello, this is Greedy All-Day. Today's analysis focuses on BNB. Review of the Previous Analysis https://www.tradingview.com/x/VCJIgAyL/ Let’s start by reviewing the previous analysis. In the last analysis, I mentioned that if the red box resistance trendline is broken to the upside, there is a high probability of the price rising to the next supply zone. The price initially faced resistance at the 720 level (first resistance), retraced slightly, but eventually broke through and rose to the upper boundary of the blue box supply zone at 731. The resistance occurred at the green box high within the blue box. Subsequently, the price failed to break the high, leading to a corrective phase. BNB Chart from a Buy Perspective https://www.tradingview.com/x/A45shJx6/ From the daily chart, the resistance trendline has been drawn, extending from previous highs. For new buy entries, it would be safer to wait for a breakout above the 738 level (red box). Currently, with Bitcoin in a corrective phase and altcoins also struggling, entering at uncertain levels should be avoided. If the price breaks above 738, a retest of the high—similar to what happened in the yellow box on the left—could occur, with a potential rise at least to the blue box supply zone. BNB Chart from a Sell Perspective https://www.tradingview.com/x/A45shJx6/ Since the bullish candle on December 23, 2024, the price has consistently held above the 678.78 level. If the red box is broken to the downside, the price could either create a long lower wick, as seen in the yellow box, or experience a complete fill, resulting in a significant decline. Additional Evidence https://www.tradingview.com/x/uYkhhSch/ The yellow box and the current high are similar, with a one-way drop previously resulting in a test of the 617 support level. As of now, the 617 level, which acted as resistance from June 2024 to November 2024, has turned into support. If the price drops, there’s a possibility of a 10% correction, with a one-way decline toward 617. Conclusion BNB is currently at a critical juncture. While there are opportunities for both upward and downward moves, waiting for confirmed breakouts or breakdowns will be key to minimizing risk and maximizing profit potential.
The number one key to happiness for a stock trader or forex trader is coffee and 2 slices of bread. This is what am from having just before sharing this awesome video lesson with you You need to watch this video because inside you will be learning: 1-The best candlestick pattern 2-A Bullish candle stick pattern 3-A reversal candle stick pattern Also if you use this chart pattern with the rocket booster strategy it will really help you alot. Rocket boost this content to learn more Disclaimer: Trading is risky you will lose money please Learn risk management and profit-taking strategies. Also, use a simulation trading tool before you trade with real money