AlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Buy Strategy for XRP/USDT (1-Hour Timeframe) Chart Analysis Current Price: 2.3066 USDT Key Zones: Order Block: 2.6000 - 2.8000 USDT Swing High: 2.6000 USDT Swing Low: 2.2000 USDT Equal Highs: 2.6000 USDT Volume Profile: Significant trading volume at current price levels, indicating potential support/resistance. Technical Indicators: RSI (Relative Strength Index): 44.62 (bearish momentum) MACD (Moving Average Convergence Divergence): Below signal line, with a negative histogram (bearish momentum) Buy Strategy with Confirmations Identify Key Support Levels: Focus on the swing low (2.2000 USDT) and the lower boundary of the order block (2.6000 USDT) as potential support zones. Wait for Bullish Confirmation: RSI: Look for the RSI to cross above 50, indicating a shift to bullish momentum. MACD: Wait for the MACD line to cross above the signal line and the histogram to turn positive, indicating a bullish crossover. Volume Confirmation: Ensure there is an increase in trading volume when the price approaches the support levels or when bullish indicators are triggered. Higher volume confirms the strength of the move. Entry Point: Enter a buy position when the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer) near the support levels and technical indicators confirm the bullish momentum. Stop Loss and Take Profit: Stop Loss: Place a stop loss slightly below the swing low (2.2000 USDT) to manage risk. Take Profit: Set a take profit target near the swing high (2.6000 USDT) or the upper boundary of the order block (2.8000 USDT). By following this strategy, you can increase the probability of a successful trade by waiting for multiple confirmations before entering a buy position.
If price holds above 2.71 then next stop is $5.3 These are VERY high leverage shorts being held.
Xrp initial target 3.25 and more coming in 3-4 weeks
https://www.tradingview.com/x/Ch7LBMTd/ NZDCAD is trading within a wide falling channel on a daily. After a test its resistance, the price formed a head & shoulders pattern on that. Breakout of the neckline of the pattern indicates a highly probable bearish continuation within the channel. Goal - 0.8161 ❤️Please, support my work with like, thank you!❤️
1. LULU weekly chart within a giant megaphone. 2. Regardless of counting the bounce from the drop, or the extension from the initial rise, 377-397 is the area I will take some profit. Will keep some position to see the next stage pattern. 3. Ideally I want to see some consolidation here. Cup Handle? Or more identifiable wave pattern.
PLTR is trending higher, respecting an ascending channel. With recent bullish momentum and clear structural levels, this stock presents excellent opportunities for traders looking for scalping setups or longer swing trades. Here’s the detailed breakdown and playbook for today's session. Market Structure Overview: * Trend: PLTR is maintaining an uptrend, trading within a well-defined ascending channel. * Current Price Action: Consolidating near $72, with potential to test resistance or retest key supports. Key Levels to Watch: * Resistance: * $72.98: Immediate resistance from the upper channel line. * $77.79: Key upside target if bullish momentum accelerates. * Support: * $67.30: Strong horizontal support and mid-channel level. * $59.96: Major support near the channel base and a strong demand zone. Liquidity Zones & Order Blocks: * Liquidity Zones: * Price may seek liquidity below $67.30 if the support is tested. * Order Blocks: * Bullish OB: $67.30-$70 zone, aligning with previous breakout support. * Bearish OB: Near $73-$75, potential supply zone from prior rejections. MACD & Volume Analysis: * MACD: Momentum remains bullish, but the histogram is flattening, indicating slowing momentum. Watch for a bearish cross for signs of a pullback. * Volume: Recent bullish candles show decent volume, supporting upward momentum. Declining volume in the consolidation phase suggests a potential breakout or breakdown is imminent. Scalping Strategy: * Entry: * Look for quick scalps at $70-$71 if the price retests support and holds. * Short scalps near $73 if price shows rejection. * Exit: * For longs, target $72-$73. * For shorts, target $70-$69. * Stop-Loss: * Longs: Below $69.50. * Shorts: Above $73.50. Swing Trading Strategy: * Bullish Play: * Enter near $67-$68 support zone with bullish confirmation. Target $73, then $77 for swing plays. * Bearish Play: * If price fails to break above $73 convincingly, short with a target of $67-$68. * Stop-Loss: * For longs, set below $67. * For shorts, above $74. Game Plan for PLTR Trading: 1. Pre-Market Prep: * Mark $73 as resistance and $67 as key support. * Watch for macro news or sector-related updates that could influence PLTR. 2. Market Open Strategy: * Wait for 15 minutes to gauge initial direction. * Look for scalping opportunities at key levels. 3. Intraday Execution: * Use the ascending channel as a guide for entries and exits. * Avoid chasing the price near resistance without confirmation. 4. End of Day: * Close intraday positions and assess swing trades for holding overnight. Likely Direction: * Bullish Scenario: A breakout above $73 could push PLTR toward $77 or higher. * Bearish Scenario: Failure to sustain $70-$71 may lead to a pullback to $67 or even $60. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
Gold's 1-hour moving average continues to cross downward to form a dead cross, and continues to diverge downward, so the downside space of gold will be further opened, the gold oscillation range is broken, and a new low this week is created. Gold begins to weaken, so the rebound of gold is an opportunity to continue to be shorted. After gold rebounds to around 2634, it begins to fall directly under pressure. Then the Asian session gold rebounds around 2634 and continues to be shorted at highs First support: 2613, second support: 2600, third support: 2588 First resistance: 2633, second resistance: 2642, third resistance: 2657 Trading strategy: Sell high and buy low according to the resistance range.
LUNA looks bit ready for a Pump 0.7182 to 0.6851 juncture ideal buys. Targetting 1.2 hahhahaha. Be ready for flash dumps, (the dumps which makes to eat your liquidity)
bouncing off the 40 average on the weekly chart and in a purchase block located in the 19 area
Fundamental Analysis Gold prices continued to struggle for a firm near-term direction amid mixed fundamental signals and remained confined within a familiar range in the first half of the European session on Thursday. Persistent geopolitical risks stemming from the worsening Russia-Ukraine conflict, trade war fears, and political unrest in France and South Korea served as drivers of the safe-haven precious metal. Additionally, a weaker US dollar (USD) was seen as another factor providing some support to the commodity. That said, expectations of a less dovish Federal Reserve (Fed) should trigger a modest rebound in US Treasury yields and limit the upside in non-yielding gold. In fact, comments from several FOMC members on Wednesday, including Fed Chairman Jerome Powell, suggested that the US central bank will adopt a cautious stance on rate cuts. Technical Analysis After this morning's unexpected technical decline, it seems that gold will want to fall into Nonfarm today. With prices pushing up near the 2637 area, it marks a recovery in the European session before gold is pushed back down in the US session. There are 2 breakout zones to watch at 2637 and 2643