EURUSD is bearish on its 1D technical outlook (RSI = 40.973, MACD = -0.005, ADX = 14.482) but almost still oversold on 1W (RSI = 35.674). This is because after the November 18th 1W candle bottom on the LL trendline of the 2 year Channel Down, it has completed 2 red weeks in a row. Still, having rebounded on oversold 1W RSI territory, those low levels present an excellent buy opportunity for those who missed the bottom. Every bounce on the Channel Down bottom has made at least a +5.42% rally, and that is what we're aiming for (TP = 1.0900). This may coincide with a 1W MA200 test. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Another company very dependent on FOMC news today. Mainly eyeing this play as it's an attractive risk/reward setup with a massive gap to be filled below if we break below this demand. Happy Trading :)
Here is the final chance to catch the Eth bull run and new ATH. Confirming with a 4hrs candle the closure about the 3868 USD. This is a pretty solid indicator of the 30% upwards movement that Eth is about to finish. Use this Scalping at your own risk. I am continuing my holdings on Eth as per my previous posts
GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% and the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.1314 Why we like it: There is a pullback support level that lines up with the 38.2% and the 50% Fibonacci retracement. Stop loss: 1.1254 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.1395 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins. From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dominance have begun. Wave A has been completed, and we are now in Wave B. Currently, it appears we are in Wave B/X, which is a diametric pattern. After this diametric, we expect Bitcoin dominance to enter Wave C, which is a bearish wave. We anticipate that the altcoin season will begin from a high supply level. This is our perspective on Bitcoin dominance. Before altcoins undergo further correction, there will be a recovery in wave e of this dominance. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
This chart for TXT (Textron Inc.) on a 30-minute timeframe showcases a potential reversal trade setup following a strong downward trend. Entry Point: The yellow-highlighted zone at 77.59 is marked as the entry level, signaling a buying opportunity after a significant decline. Stop Loss: Positioned just below at 76.52 (white line) to manage risk and protect against further downside. Target Profit: The green zone at 80.41 serves as the price target, aligning with prior resistance and offering a favorable risk-to-reward ratio. Resistance & Support: Red Line at 78.88: Short-term resistance. Yellow Line at 77.59: Support, key zone for entry.
Just take a look at give me your opinions, thanks:) I think its nice bullish
After the small pump from BTC to produce a new ATH, XRP followed shortly after with a small pump above a resistance level to $2.70. This area was likely filled with liquidity both for buy orders but also be a lot of limit sells for shorts. You can see the manipulation on the charts as the price clearly spikes through this range to settle again beneath. XRP is currently in a consolidating market / rising wedge, with the exhaustion from BTC and signs of reversal i would be inclined to look for short positions again on ALTS like XRP if BTC does drive to the down side. I'll see where price is when the market is near the end of the rising wedge and how BTC plays out as this will affect XRP in the coming days. If signs are bearish then i will be looking to execute this for a short term short. Targets would be at the next significant key level, approximately $1.95 with a stop at around $2.75 which is just above the previous high of the manipulation, purely for some strategic cover from potential future manipulation.
Dogecoin's Post-Bitcoin Halving Trend: A December-January Surge This is the update to my BINANCE:DOGEUSD analysis from 2nd December 2024 https://www.tradingview.com/chart/DOGEUSD/I5U77Mz3-Dogecoin-analysis-in-depth/ Dogecoin's price movements have always intrigued traders and investors alike. Upon analyzing historical data,I have uncovered a fascinating and repetitive pattern: Dogecoin tends to experience significant price increases in December of the same year as a Bitcoin halving and January of the following year. Key Observations Bitcoin Halving Events: These occur approximately every four years and historically impact the entire cryptocurrency market by reducing Bitcoin’s mining rewards, creating supply scarcity. Halving years: 2016, 2020, and the upcoming 2024. Conclusion: The 2024 Bitcoin halving, which occurred in April, sets the stage for potential bullish activity in Dogecoin during December 2024 and January 2025. Traders and investors should monitor Dogecoin’s performance closely during this period for opportunities. Trading Tips: Track Dogecoin price trends and market sentiment in the weeks leading up to December. Watch for volume spikes and social media activity, which often signal Dogecoin rallies. Combine historical data with technical indicators to make informed decisions.
GBPJPY Analysis - SHORT ? In this Chart GBPJPY DAILY Timeframe: By Nii_Billions. ❤️This Chart is for GBPJPY market analysis. ❤️Entry, SL, and Target is based off our Strategy. This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts. The strategy uses technical and fundamental factors, and market sentiment to predict a BEARISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management. ?This idea is purely for educational purposes.? ❤️Please, support our work with like & comment!❤️ ?????❤️❤️❤️❤️❤️ MERRY CHRISTMAS ❤️❤️❤️❤️❤️❤️?????