Yello, Paradisers! Could #RAYUSDT be on the brink of a decisive move? Let’s dive into the chart to decode the possible scenarios. ?#RAY is currently forming a bearish Head and Shoulders (H&S) pattern, signaling a potential downward move if the pattern breaks successfully. The initial target in this case would be the $3.5–$3 demand zone, a critical level where buyers could step in and push the price back up significantly. If this rebound occurs, the next major resistance zone could serve as a strong upside target. ?However, a more bearish outcome may unfold if RAY fails to rebound from the demand zone. A breakdown below the demand area could trigger a bearish signal, pushing the price further downward toward the $2.7–$2.3 strong support zone. ?The historical respect of the $2.7–$2.3 zone suggests bulls might once again defend this level if tested. But traders should be cautious: a confirmed break below $2.3 could lead to a more significant dip toward the next strong support levels. Remember, the disciplined always win in the long run. Stay sharp and trade smart. MyCryptoParadise iFeel the success?
https://www.tradingview.com/x/stKnWW9P/ As the winter holidays are already around the corner, you should know exactly when to stop trading and close your trades, and when to resume. In this article, you will learn how Christmas and New Year holidays affect the financial markets and I will share with you my trading schedule. First, let's discuss how winter holidays influence the markets. Winter holidays lead to a dramatic reduction in trading volumes. Many traders and investors take vacations in that period. Major financial institutions, banks, hedge funds often operate with reduced staffing and early closes or are completely close for holidays. All these factors inevitably lead to the diminished trading activity. https://www.tradingview.com/x/CzGabu49/ Look at the schedule of official banking holidays in many countries. Since Tuesday 24th, the banks are officially closed in Europe, UK, USA and so on. But why should you care? If you have free time, why can't you continue trading? Even if you trade technical analysis, you should admit the fact the fundamentals are the main driver for significant price movements. One of the major sources of high impact fundamentals is the economic news releases in the economic calendar. https://www.tradingview.com/x/hP11Z3D5/ Look at the economic calendar. You can see that the last day of high impact news releases will be Friday, December 20th. After that, the calendar is completely empty. The absence of impactful fundamentals will inevitably make the markets stagnate, making trading very boring. https://www.tradingview.com/x/h44kJDy1/ Above is the EURUSD price chart with ATR technical indicator (the one that measure the market volatility). We see a clear drop in volatility during a winter holiday season. https://www.tradingview.com/x/2ZGJGwHK/ You can behold a similar pattern on Gold chart. With the big politicians taking vacations during the holidays season, we tend to see the local easing of geological tensions accompanied by a lack of significant foreign and domestic policy actions and announcements. https://www.tradingview.com/x/hrtM5RsK/ That's the US congressional calendar. There are no sessions since December 23rd. But there is one more reason why you should not trade during winter holidays. The absence of big players on the market will decrease the overall trading volumes - the liquidity. Lower liquidity will unavoidably increase the bid/ask spreads. The widened spreads will make trading more costly, especially if you are scalping or day trading. And when should you resume trading? It always depends on how actively the markets wake up after holidays. The minimal starting day will be January 6th. I usually do not trade this week and just watch how the markets starts moving. I prefer to begin my trading year from Monday next week, the January 13th. Holidays seasons will be the best period for you to do the back testing and learning. Pick a trading strategy that you want to trade with in a new year and sacrifice your time to back test it on different instruments. Learn important theory and various techniques, relax and prepare your self for a new trading season. Have a great time, traders! ❤️Please, support my work with like, thank you!❤️
$ALGO/USDT shows potential for a bullish breakout after the retracement phase. The support at $0.3099 USDT offers a strong buying opportunity, with targets at $0.4960 USDT and $0.8059 USDT. The price action around the key Fibonacci levels will determine the next direction.
In the long term, I think this currency has a potential growth of 3,000%, and the best buying point in my opinion is the green area, which is 0.65.
Doge, together with other alts such as ETH and SOL have not yet made a new high that is justified according to the increases on BTC. After a 45% correction over 2 weeks, DOGE is likely ready for another push up. This reminds me much of the previous cycle, where alts lagged behind until a few weeks AFTER BTC actually topped out. Here, you can find much more detail on how to watch the BTC.D chart to call the top: https://www.tradingview.com/chart/BTCUSD/QAURERRb-ETH-ALTCOINS-All-Time-High-NOT-IN-Here-s-Why/ _________________________ BINANCE:DOGEUSDT CRYPTOCAP:TOTAL3
If we look at the previous movement on the monthly TF and follow the same fractal, we can assume that we will see a high above $200k on btc, after which a bear market will begin and we will collapse like last time by 70% to ~ FWB:65K First $200k, then FWB:65K , therefore, globally strong long. The chart shows how it was last time, and how I think it will be this time
Gold has formed: 1- Valid ascending channel (in blue) with multiple touches . 2- Head & Shoulders (in yellow). 3- Resistance on the right shoulder. As long as the right shoulder resistance still stand with no broken candle, both 2 & 3 are still valid and considered as good strategies Now we’re waiting for an H8 candle to broke and close clearly under the last touch (trigger point) of the our blue channel and to retest and get rejected from below of the channel so we can enter a Short (sell) trade Follow us for more ideas and updates
According to the pattern, a picture emerges that we will fall to $ 150. I'll be watching https://www.tradingview.com/x/XI7qtzS0/
Retested the broken level, we can expect a new high in the near future.
I made a retest of the broken level, I would wait for the weekly candle to close, if it happens above this level, then we can consider that there was a retest and open a long from the level with the targets of the breakout.