KARRATUSD Daily Chart Analysis The chart for KARRATUSD suggests a bullish opportunity with strong technical confirmations. Here’s the breakdown: Key Observations 1. Bottom Formation and Breakout: - Price formed a bottom in September 2024. - The breakout from that formation saw a volume spike and expanding MACD momentum, resulting in a price surge of just over 100%. 2. Consolidation Phase: - After the surge, price consolidated into a symmetrical triangle pattern spanning October through November. 3. December Breakout: - To start December, price has broken out of the triangle pattern. - The breakout is validated by: - Increased volume. - Expanding MACD momentum, confirming strength in the move. Trade Details - Position: Long - Entry: 0.5627 - Stop Loss: 0.4946 (12.10% risk) - Initial Target: 0.8133 (44.54% potential return) - Risk-to-Reward Ratio: 3.68 This setup provides a strong risk-to-reward ratio, supported by clear technical patterns and momentum indicators.
1. Seasonality: During the first week of December, the USD exhibits bearish momentum, while the AUD shows bullish tendencies. This combination makes AUDUSD overall bullish. 2. COT Report: The AUD's COT RSI and Index are near the top, while the USD is near the bottom, indicating potential overextension. This suggests a bearish outlook for AUDUSD. 3. Fundamental Analysis: LEI The USD Leading Economic Indicator (LEI) is increasing, while the AUD LEI is decreasing. Global LEI is also rising, favoring USD strength and adding a bearish tone to AUDUSD. Endogenous Factors These suggest bearish pressure for the AUD and bullish sentiment for the USD, further supporting a bearish bias. Exogenous Factors Exogenous influences, however, indicate an increase in AUDUSD, favoring a bullish trend. 4. Technical Analysis: AUDUSD is forming an ABCD pattern and is currently at the 0.618 Fibonacci retracement level on the 1-hour chart. Additionally, there is significant resistance on the 4-hour chart, indicating potential bearish pressure from a technical standpoint. Summary The analysis presents mixed signals: seasonality and exogenous factors favor bullishness, while the COT report, LEI trends, endogenous factors, and technical resistance suggest bearish potential. Bias The combined analysis leans toward a short entry for AUDUSD. Trade Plan Entry: 0.64746 SL: 0.65130 TP: 0.64362
i like the set up as long as wen can stay above the 78.6 fib levels. this is currently the four hour chart. what i see is a massive impulse leg followed by a retracement back to the 786 fib levels. Also noticed its broke the down trend line which is forming a triangle pattern.
Correction is happening after SOL has reached its ATH. My Long set-up is as in chart. Entry will be around $200. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Bitcoin is showing signs of hesitation as it approaches the key psychological level of $100k. This highlights the market’s tendency to react to round numbers with caution and consolidation. The On-Balance Volume (OBV)—a tool that measures price action and volume—has broken its usual pattern. Historically, OBV tends to lead price by signaling divergence (volume and price moving in opposite directions) or convergence (moving in sync). Right now, normal buying and selling volumes are diverging, with diminishing volume on each bounce. This suggests weakening demand, as bids struggle to sustain higher prices. Given Bitcoin's role as a market anchor, it might be prudent to reduce exposure to leveraged positions and speculative trades. While some altcoins may defy the broader trend, they’ll be harder to predict in this environment. What’s your take on this setup? (DISCLAIMER): This is not investment advice. Trade and invest at your own will.
Hey guys, I haven't been posting much this year and its mostly because I hate bull markets haha. My resolution for new years is to be more engaged next year. In this post I am just going over my thoughts and analysis for the short term on the week. My EOY outlook is pretty much a continuation to the upside. January will be the make or break month. We really should see selling starting then. But we can reassess it when January comes around. Sorry for the rambling and hopefully you find this somewhat helpful. Feel free to leave your questions below and as always, safe trades!
Lovely... I can see it happening. This week marks the third week NULSBTC turns green. The week is early and it is starting green after reversal price dynamics. The reversal price dynamics are the last two candles: ➖ 18-Nov. produced a hammer. ➖ 25-Nov. closed full green. ➖ 18-Nov. produced a major low. ➖ 25-Nov. recovered above support. ➖ 2-Dec. (this week) moves above Feb. 2024 low thus super-bullish. I can see it happening. I can see a strong bullish wave developing here/now. I am seeing many of the Altcoins growing vs Bitcoin, the ones we've been waiting for months. They are moving now. In the past they only produced a small jump, this might be the big one, the one we've been waiting for. If it isn't the big one, it doesn't matter because it is still going up. Give me 100%, 200%, 300%... Anything, that's ok. Buy low to later sell high. Thank s a lot for your continued support. Namaste.
Today, we will analyze the relationship between Total 2 and BTC.D to strategize whether to hold onto altcoins or take profits. First, BTC.D is undergoing a correction spanning from the daily (D1) to the weekly (W) timeframe and currently stabilizing within the monthly (M) timeframe (December candlestick). This correction is expected to last 4-6 weeks (personal estimate), during which BTC’s market dominance will decrease, leading to slight value declines. The extent of this decrease will depend on TOTAL. https://www.tradingview.com/x/BGyWNfJS/ Second, TOTAL 2 is showing a strong bullish cycle across daily (D1), weekly (W), and monthly (M) timeframes (as seen in the chart). This indicates that the coming weeks will be a highly active period for altcoins, especially those exhibiting robust upward structures on the W and M frames. Feel free to comment if you'd like to receive a curated list of altcoins selected by BOT RAINBOW.
Daily bias is bearish Fundamentally align with EUR weakening and USD still strong H4 bias is bearish. Double top pattern formed. With break of support level from H4. H1 retest H4 broken support level in green. H1 went into consolidation. H1 price action broke out of consolidation to continue bearish movement. Short from H1 broken support level with SL above consolidation. TP next swing low for continuation.
Based on technical factors there is a Buy position in : ? DOGSUSDT ? Buy Now ?Stop loss 0.0006350 ?Target 1 0.0008150 ?Target 2 0.0009300 ?Target 3 0.0011500 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?