XRP has already broken a major candle on the daily time frame, this could indicate a significant shift in market sentiment or a potential change in trend direction. A “major candle” typically refers to a large-bodied candle that often represents strong buying or selling pressure, such as an engulfing candle or a long bullish or bearish candle. Please put stop loss at your trade #thisonlyforpredectionstudy #thisnotforbuycallorbuysell #chartpattern #TAYORXRP
Incredible growth from NU over the past few quarters but tough outlook ahead as Brazil's economy (NU's main market) is not the strongest right now. Still worth looking at this company as a longer term investment! Happy Trading :)
It appears that ZEN is in the process of forming a potential ABC corrective structure: Wave A and Wave B Context: Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern. Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential. Ideal Short Entry Zone: The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions. For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses. Wave C Target Zone: The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences: Anchored VWAP at $29 Point of Control (POC) from the old trading range Psychological level of $30 Fib speed fan 0.618 aligning with the support zone Trading Plan Short Setup: Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation. Aim for Wave C completion around the $30-$29 support zone Long Setup (Wave C Completion): Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
Richard Demille Wyckoff (1873–1934) was a pioneer in the technical approach to studying the stock market in the early 20th century. He is regarded as one of the "greats" in technical analysis, alongside Dow, Gann, Elliott, and Merrill. At the age of 15, he began working as a stock runner for a brokerage firm in New York, and by his early 20s, he had become the head of his own firm. Wyckoff was also the founder, writer, and editor of *The Magazine of Wall Street* for nearly two decades, during which the publication had over 200,000 subscribers at its peak. A dedicated student of the market, Wyckoff was an avid tape reader and trader. He closely observed the activities and campaigns of legendary market operators of his time, including JP Morgan and Jesse Livermore. Through his observations and interviews with these prominent traders, Wyckoff developed the "Wyckoff Method," which codified the best practices of these traders into laws, principles, and techniques for trading, money management, and mental discipline.
GBPJPY has been under buying pressure within the last couple of hours. Support levels are now located at 196.000 and 193.000. Now, the resistance level is located at 198.300. Analysts recommend opening a Buy order with a stop loss below the previous low. The upcoming news will not influence your orders within the mentioned period.
This is my near term game plan. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
Easy to notice entry and exit channels. Great technical indicators by coders at TradingView. The platform is a really great tool when it comes to trading real money and practicing and testing with Paper Money. Performance with Interactive Brokers and orders placing and managing is very up to date. So far, the best I can say, after testing several platforms.
First let's start this post by wishing Merry Christmas to the whole community! It's yet again the total crypto market cap (excluding the top 10 tokens) that we are looking at as this time we have the strongest possible buy signal on the 1M chart! The 1M MA20 (blue trend-line) has completed a cross above the 1M MA50 (orange trend-line). The last time this happened was during the previous Bull Cycle on the most symmetric time possible, December 2020. In the meantime, the 1M CCI was almost at the same level (around 180.00). This sense of highly cyclical repetition, indicates that the following months could be as aggressive as January - May 2021 for the market, when it topped on the 1.618 Fibonacci extension from the Cycle bottom. If that feat is repeated, we look towards a 1.65 Trillion market cap in 2025. We can't be more bullish for an upcoming Altseason than that! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
The chart provides a 1-hour time frame for Gold Spot against the US Dollar (XAU/USD). Let’s analyze the technical aspects with bullish and bearish scenarios, as well as probable entry and exit points. 1. Key Observations: Current Price: $2,624.94 Major Resistance: $2,631.46 Support Zones: $2,590–$2,600, $2,560–$2,570 Volume Insights: Delta Volume: The buying volume is higher (65.19%), indicating bullish attempts, but sellers are present near resistance. Selling Pressure at Resistance: Noticeable resistance around $2,631.46 with significant sell orders. 2. Bullish Scenario: If buyers continue to dominate, breaking the resistance at $2,631.46 can lead to further upside momentum. Key Bullish Indicators: Trendline Support: The price is respecting the ascending trendline (red diagonal line), which is a bullish structure. Delta Volume Imbalance: The buy delta of 65.19% suggests strong bullish interest. Price Action: The price is hovering near resistance, potentially gearing up for a breakout. Entry Point: Aggressive Entry: Enter near $2,624 on minor pullbacks with stops below the ascending trendline ($2,615). Conservative Entry: Wait for a confirmed breakout above $2,631.46, followed by a retest. Take Profit Levels: Short-Term Target: $2,640 (7–11% potential gain based on momentum). Extended Target: $2,680 (around the next resistance zone). Stop Loss: Place stop-loss around $2,615 or just below the ascending trendline to manage risk. 3. Bearish Scenario: Failure to break above $2,631.46 could lead to a downside correction. Key Bearish Indicators: Overhead Resistance: $2,631.46 is acting as a key resistance zone, and repeated failures to breach it can trigger bearish momentum. Exhaustion Near Resistance: Sellers are actively defending the $2,631 zone, as seen from the sell delta. Trendline Risk: A break below the ascending trendline could lead to a retest of lower support zones. Entry Point: Aggressive Entry: Enter short near $2,631 if a rejection occurs, with stops above $2,635. Conservative Entry: Wait for a breakdown below $2,615 (ascending trendline). Take Profit Levels: Short-Term Target: $2,600 (near the first support zone). Extended Target: $2,560 (strong historical demand area). Stop Loss: Place stop-loss around $2,635 or above the resistance zone to mitigate risk. 4. Neutral Zone: If the price remains between $2,615 and $2,631, it signals indecision. Traders may look for further volume or candlestick confirmation to act decisively. Conclusion: Bullish Bias: Above $2,631.46 with targets at $2,640 and $2,680. Bearish Bias: Below $2,615 with targets at $2,600 and $2,560. Volume Confirmation: Monitor buy/sell volume to confirm breakouts or rejections at critical levels. Let me know if you want further clarifications or real-time insights!
#GOLD on H4 shows bullish range on breakout above 2633, possible movement above 2633 will take the price to 2650 which will form another bullish range to overall bullish at 2700, but looking at the D1 price can fall below 2621 which can possible drops between 2610-2616 but if any breakout below 2608 then #GOLD is bearish, price will make move on longer 2570-2500. Firstly we wait for breakout to happen before taking any possible trades. Gold is bullish looking at the H1 but without the breakout above 2633 it won't make move.