Price have broken our support level and hence i expect a bearish continuation.
Crypto traders have plenty of reasons to be excited. The next few days could bring significant movements in BTC. A majority of the losses from the December 5 crash, which followed the previous all-time high, have already been recovered. Furthermore, the price has formed a double-top pattern, aligning with the highs of December 6 and December 11. Ideally, the price might dip towards 97,785 before pushing upward or consolidate sideways for a day or two before breaking out to the upside. Traders may attempt to go long regardless, given the current double-top pattern. However, it’s preferable to see a third top form just below 102,150, transforming the pattern into an ascending triangle—a more powerful bullish signal. Breaching the December 11 high could indicate a potential rally toward 110,500. This move could also significantly uplift altcoins, many of which have recently suffered steep 30% declines.
Nas 100 liquidity grab looking great on the 15min chart
GBPNZD pair has been trading bullish for the last 2 years or so, but since 2023 we can see that price action is slowing down and that bulls are running out of steam. It came even higher recently and it's testing the highs of the year, but we are tracking an ending diagonal a.k.a. wedge pattern, which can be in final stages of 5th wave. If we are correct, then strong and sharp reversal will show up in 2025. The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or in wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5. The reason why they are so interesting is because they are indicating a reversal, usually a strong one.
EURCAD Technical Analysis: Swing Sell Signal Market Outlook: Bearish Trend Confirmation The EURCAD pair is presenting a compelling bearish setup, with multiple technical indicators suggesting a potential downward movement. Traders should carefully analyze the key levels and market dynamics supporting this sell signal. Trade Specifications - Action: SELL - Entry Point: 1.4882 - Stop Loss: 1.4976 - Take Profit: 1.3870 - Risk Parameters: - Stop Loss Distance: 94 pips - Potential Profit Target: 1,012 pips - Potential Risk-Reward Ratio: Approximately 1:10.8 Technical Analysis Market Structure The current market structure indicates a bearish momentum building up in the EURCAD pair. The sell signal is supported by several key technical observations: - Potential completion of a corrective bullish pattern - Clear resistance level established at the current price point - Confluence of technical indicators suggesting downward pressure Entry Point Rationale The entry point at 1.4882 represents a strategic selling opportunity, characterized by: - Rejection of recent highs - Potential bearish reversal pattern - Confluence with key resistance levels Stop Loss Placement The stop loss at 1.4976 provides: - Protection against minor price fluctuations - Clear invalidation point for the trade setup - Reasonable buffer above the entry point Take Profit Target The take profit level at 1.3870 is strategically positioned: - Targets a significant support zone - Aligns with potential long-term bearish trend - Offers substantial profit potential Trading Strategy Considerations 1. Entry Confirmation - Wait for additional confirmation before executing the trade - Look for bearish candlestick patterns - Confirm with momentum indicators 2. Risk Management - Never risk more than 1-2% of trading capital on a single trade - Use proper position sizing - Consider scaling out of the position at intermediate support levels 3. Market Context - Monitor broader economic indicators - Pay attention to ECB and Bank of Canada monetary policies - Consider correlation with other currency pairs and market sentiment Technical Indicators to Watch - Relative Strength Index (RSI) - Moving Average Convergence Divergence (MACD) - Fibonacci retracement levels - Key support and resistance zones Potential Challenges - Volatility in forex markets - Unexpected economic announcements - Potential for trend reversal - Impact of global economic events Psychological Aspects - Maintain discipline in trade execution - Stick to predefined trading plan - Avoid emotional decision-making - Be prepared for both winning and losing trades The EURCAD pair presents a technically sound sell opportunity with a favorable risk-reward profile. Traders should approach the trade with caution, implementing robust risk management strategies. Disclaimer - This analysis is for educational purposes only - Market conditions can change rapidly - Always conduct your own due diligence - Consult with a financial advisor before making trading decisions - Past performance does not guarantee future results Trade responsibly and manage your risk carefully.
OANDA:USDCHF we are have H&S 4H pattern structure, which at end its not be completed, its start good, in moment confirmation we are have, but from 10.12 we are can see revers and bullish push, currently after todays events here expecting to see still bullishnes. SUP zone: 0.88400 RES zone: 0.89600, 0,89850
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ?I find the OKX:XRPUSDT 4H chart interesting. Previous post: https://www.tradingview.com/chart/XRPUSDT/GIIGVrWT-XRP-History-Repeating-Itself/ Do you notice a pattern here? is XRP doing again? ? If history will repeat itself, a break above the green zone around $2.7 is needed to signal the start of the next bullish movement. ?Once the setup is activated, $3 will be the short-term target, and then $5. ? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
We all see what we want to see on the charts. However, this does not change the fact that we are in a bull market and the potential for BTC to go up is always a better gamble .
? Welcome to TradeCityPro! In this analysis, I’m going to review the AEVO coin. This project operates in the Premarket space, providing users with charts of coins before they are listed, enabling them to trade within this market. ? Daily Timeframe: Accumulation Box On the daily timeframe, we observe a ranging accumulation box that, unlike most altcoins, has not been broken yet and remains below the resistance level of 0.6160. ? There is a critical zone at 0.4472 that acted as a strong resistance prior to being broken. After the breakout, during a market correction, this zone prevented a deeper price drop and provided a strong recovery for the coin. ✨ The RSI indicator has shown a very strong positive divergence since the beginning of the chart, featuring five lows. Currently, this divergence is active and could reflect its influence on the chart. ? The key area right now is 0.6160. If this level is broken, the accumulation box will also break, and we can expect the divergence to manifest its effect on the price action. ? Upon breaking this level, the next resistance levels are 0.7776 and 1.0775. The next major resistance is the ATH, located at 3.6599. Considering the project's low market cap, reaching this target is plausible if sufficient buying volume enters the market. ? If you already hold AEVO and are in profit, I recommend continuing to hold, as the coin has not moved significantly yet. Given its high potential, it’s worth holding at least until 0.7776 or 1.0775. ? Correction Scenario If the price corrects, the first significant area is 0.4472, which has been tested once and has proven to be very robust. In the event of a deeper correction, 0.2823 is the most critical level on this chart and represents the coin’s final stronghold. ? 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! ❤️
Overall, the EIA inventory data released last night was -507.3 before and -142.5 after, while the oil price barely rose by 10 points. The idea in the early trading is to determine the strength based on the high point of 70.5 last night. It is recommended to short on the rebound. Crude oil strategy: short on the high point when the rebound reaches 70, with the target at 69.3-68.6.