-Market Formation: After updating new historical highs, gold corrects twice to the 3000 level, which indicates consolidation of large volumes at this level, thus forming a descending triangle on the hourly chart, and the imbalance level at 2955-2960. It is likely that the growth goals of significant market participants have been achieved, and now there is a fixation of volumes, for further upward movement will require new liquidity, passed in the imbalance zone. -Forecast: Main downside target to the level of 2955-2960, followed by testing 3000 already as a resistance level, and possible consolidation at this level. -News background: Expectations of new customs tariffs, strengthen the position of the dollar. Also, the settlement of geopolitical tensions, weakening the gold positions.
I just opened a scalp short position on #pnut the squirrel memecoin. In terms of structure its a a relatively high price and I think market will likely correct down further to find stronger support before any continuation. This is also one of my DTT setups.
The temporary rise of gold this week is definitely the main theme. The view at the beginning of the week is oscillation, and the biggest characteristic of oscillation is discontinuity; the watershed yesterday morning was at the high point of the early morning pullback of 3015. The morning test fell back to the 07 line. When it was touched again for the second time, it must be a wait-and-see situation. We pointed out the oscillation resistance area of 3025-26, which is a position that must be shorted in our trading rules. In the end, it quickly retreated to the 3014 line, indicating that it is difficult to go long if it is short. Although it is a bottoming out and rebounding, the pressure area of the double top and the resistance area from the high point to the low point coincide with the 3035-36 line. This position is also a position that must be shorted. This is because our initial pattern at the beginning of the week is oscillation. It only needs to lock the upper and lower resistance and support levels of the range.The daily line direction recorded a small positive line with a slightly longer upper shadow yesterday, and the closing price was higher than the opening price. The upper shadow line indicates that the longs at the top of the shadow line have taken profits or the shorts have selling pressure. At the same time, the closing price is higher than the opening price. In the overnight battle between longs and shorts, the longs still dominate. Gold operation suggestions: Go long near 3015-3020, stop loss 3008, target 3035
Last TA invalidated my falling wedge. I believe i just drew it wrong and it was an actual flag. Broke upside and created another small flag. Entry is my green ray. Let’s see how it plays out!
This is linked to my NAS idea where the market is slowly shifting to a Risk-on environment. I see a nice potential for a bullish BTC price action shift. We may have found the bottom for the new bull run. Technical observation: 1. We recently formed a cup and handle. 2. A visible head and shoulder on the cup and handle. 3. Exit on the bearish trend channel with the formation of a new bullish trend channel. 4. 50% fib level looks promising.
AUDCAD H1 Bullish, as bullish divergence has formed on H1
Just another TA that I want to watch and test. Big gap below. Possibly retest the trendline? Yellow lines are my levels. Green Ray for my possible entry
Aditya Birla Capital, a large Indian financial services company, has invested 400 million Indian Rupees (approximately $4.8 million USD) into a company or entity called ABCDL.
Ethereum struggles to have a proper breakout from our re-test zone, which is good. Upon seeing the price rejection there, we can consider it as a successful re-test of the broken zone, which then would send the price for another smaller correction, before a bigger upward movement, which we are waiting for! Anything above $2000, in our opinion, is a good price for accumulating the ETH into spot. Swallow Team
We are seeing the struggle buyers have breaking that 200 EMA line, where sellers are showing dominance with each push buyers have near this zone. If this kind of movement continues, then we will fall back below the 200EMA line, and the push most probably will end here, with the price falling to the lower side of our small bullish trend. Once we are there, we will be looking for possible breakdowns, which then would send the price to our last bearish target for now! Swallow Team