The price is below the middle line (likely a 20-day moving average) of the Bollinger Bands, which typically signals bearish momentum. Recent price action shows a lower high and a lower low pattern, indicating the continuation of a downtrend. The candlesticks are mostly red with increasing volume of selling pressure. Bands are widening, suggesting increased volatility. The price recently pierced the lower Bollinger Band, which often indicates a potential for short-term rebound—but in a strong downtrend, this could also mean acceleration to the downside. Key Support Zone : Around 38,000 to 38,500, where previous buying occurred in early April. If broken, further downside to 37,000 is likely. Key Resistance Zone : Near 40,500 to 41,000, aligning with the mid-Bollinger Band. This area has been tested and rejected multiple times.
The euro is in a bearish trading pattern to -0.618 on Fibonacci.It is holding on to the price as if it is in a corrective wave correction.
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The structure in the S&P 500 daily chart implies a sideways market environment. The market is waiting for an excuse to rally or break.
Here is the technical analysis of the gold/US dollar (XAU/USD) pair on the daily timeframe for today, April 18, 2025, identifying key support and resistance levels based on the latest available data: ⸻ ? Current Price: The price of gold reached an all-time high of $3,357.40 per ounce, driven by growing concerns about tariffs, which Federal Reserve Chairman Jerome Powell described as "much larger" than expected, leading to slower economic growth and higher inflation. ⸻ ? Technical Analysis (Daily Timeframe): • Overall trend: Upward, with higher highs and lows, indicating continued positive momentum. • Moving Averages: The price is trading above all major moving averages, including the 20-day simple moving average at $3,114.60, supporting the uptrend. • Relative Strength Index (RSI): The RSI remains in the overbought zone, which could indicate a potential short-term price correction. ⸻ ? Key Support Levels: 1. $3,317.20 – Immediate support reflecting a previous high. 2. $3,305.65 – Medium-term support. 3. $3,292.80 – Additional support reflecting a previous consolidation zone. ⸻ ? Key Resistance Levels: 1. $3,335.00 – Current resistance that was recently tested. 2. $3,350.00 – Important psychological resistance level. 3. $3,375.00 – Potential resistance if the upward momentum continues. ⸻ ⚠️ Additional Notes: • Technical indicators are showing overbought signals, which could lead to a short-term price correction. • In the event of a correction, the above-mentioned support levels may be potential entry points for investors. • Upward momentum remains intact, but it is advisable to closely monitor technical indicators to identify appropriate entry and exit points.
STT sideway long time then up. Historically, after the MA50 crosses the MA200, the price will move sideways in a band below the MA200 for at least 120 trading days. With chart frame Day. The price now: $81.22 (04.17.2022). Price band: $84.24 - $75.50. If breakout Up, price target: $90.18. If the price closes below $72.81 (04.07.25), this idea fails. IMO.
Ramco stock presents a strong opportunity with a small stop-loss and a potential gain exceeding 100%. Entry point at 3.25, target at 7.00, with a stop-loss at 15%. A very promising setup
AMEX:SPY has a constant repeating pattern when making new highs! Looking back at previous retracements you can see that they tend to have a common length and drawdown percentage.
Celer Network is starting to move as it recovers from a descending trend. A break of this trend will lead to some growth and this growth can easily produce 100%+ profits in the short-term. Here, I want to share the full trade-numbers for this chart setup. _____ CELRUSDT (PP: 126%) ENTRY: $0.007400 - $0.008455 CP: 0.008376 TP1: $0.009010 TP2: $0.010354 TP3: $0.011360 TP4: $0.012955 TP5: $0.014265 TP6: $0.016061 TP7: $0.017340 TP8: $0.018966 STOP: Close daily below $0.007300 _____ It is up to you how you use these numbers. These are for reference only. You need to do your own planning and decision making. Some trades can do good and move as projected while others can fail. Only the market knows and the market decides. Here it is not hard to predict a bullish wave, the Altcoins hit bottom recently and are now starting to recover. When trading spot, it is very simple, we simply wait. Buy and hold, the market takes care of the rest. Only sell when prices are up. Simple, simple, simple. Thanks a lot for your continued support. Namaste.
Costco Areas of Interest for Short or long entries.