No change in view point. I feel we will see lower levels, to correct the overbought state we are in. The shorter period charts are negative and the 12 hourly has still a high RSI and we are turning the tide it feels. Strategy SELL @ $ 3,020-3,050 and take profit near $ 2,928 for now
1. General Technical Signals: This is the AI/USDT daily chart, showing a potential Elliott Wave scenario (5-wave bullish pattern). The price has been in a long-term downtrend but appears to be forming a base around the $0.15 - $0.19 area, suggesting accumulation. 2. Ichimoku Cloud: The price is currently trading below the Ichimoku cloud, indicating the prevailing downtrend. However, it is approaching the Kijun-sen and may test the lower edge of the cloud (dynamic resistance). A breakout above the cloud (around the $0.28 - $0.42 zone) would confirm a stronger bullish reversal. 3. RSI (Relative Strength Index): RSI is rebounding from the oversold area (above 30), currently around 37. A further rise above the 50 level would strengthen the bullish case. 4. MACD (Moving Average Convergence Divergence): The MACD line has crossed above the Signal line with green histogram bars consistently printing for the last 39 days. This bullish divergence suggests increasing momentum to the upside. 5. Volume: Trading volume is relatively low and stable, indicating a period of accumulation. 6. Fibonacci Retracement Levels: The price is currently near the 0.236 Fib level (~$0.28) which is acting as a minor resistance/support. Key upside targets based on Fibonacci are: 0.5 Fib: ~$0.42 (likely target for Wave 1). 0.618 Fib: ~$0.49 - $0.58 (potential Wave 3). 1.272 and 1.618 Fib: ~$0.84 and $1.03 (potential Wave 5 targets in a strong bullish scenario). 7. Short-term & Mid-term Outlook: Short-term: A potential bounce towards $0.28 - $0.42 (Wave 1) is possible before a correction back to ~$0.28 (Wave 2). Mid-term: If the price holds $0.28 support and breaks above the cloud, it could aim for $0.58 (Wave 3). Long-term: The most bullish scenario would see price reaching $0.84 - $1.03 (Wave 5), but this would require significant confirmation through volume and price action. 8. Risks: If the price fails to hold the $0.19 - $0.15 range, the long-term downtrend may continue. Watch for strong resistance and selling pressure near the cloud area ($0.28 - $0.42). Conclusion: Technical indicators are turning bullish, especially with the MACD crossover and RSI recovery. Key focus should be on price action within the Ichimoku cloud area (~$0.28 - $0.42) for confirmation of a breakout or rejection.
A look into trend and its correlation with BIST. Past analysis of AltınS1
The market dances in the same Rythm for decades. Gap Closure at $244/248 The news with the new military stealth is just the beginning of this market manipulation to get the previous orders before they make another plane go down.
1. Elliott Wave Structure: The chart is projecting a bullish Elliott Wave pattern with potential targets: Wave (1): around $5.00 Wave (3): around $6.90 (close to the 0.618 Fibonacci level) Wave (5): final target around $12.35 (near the 1.272 Fibonacci extension) 2. Fibonacci Retracement: The price has retraced down to the $3.34 level (the 0 level) and has started bouncing. Key Fibonacci levels shown on the chart: 0.5 retracement around $5.17 0.618 retracement around $6.90 0.786 retracement around $8.91 1.272 extension around $12.35 1.618 extension around $14.79 3. Ichimoku Cloud: The price is currently near the Kumo Cloud (red shaded area) and has crossed above the Tenkan-sen and Kijun-sen lines, which is a short-term bullish signal. A full breakout above the Kumo Cloud would strengthen the bullish trend confirmation. 4. RSI (Relative Strength Index): The RSI is sitting around 60, still below the overbought zone (>70), suggesting there is still room for upward momentum. 5. MACD: The MACD line (blue) has crossed above the Signal line (orange) with positive histogram bars, indicating bullish momentum is building up. 6. Scenario: The chart suggests ATOM may complete Wave (2) around the current region ($4.8 - $5), then start Wave (3) towards the $6.90 area, and potentially rally to $8.91 and $12.35 later on. Summary: Overall, this is a bullish setup for ATOM based on Elliott Wave theory, Ichimoku, RSI, and MACD alignment. The $4.8 - $5 zone is a critical support area; if it breaks down, the bullish scenario could be invalidated.
Good morning! Happy New Week! Happy New Day! Here's your daily Gold market analysis. Learn, grow, and trade wisely.
Hello everyone We backed after a long time by one the powerful analysis on Ethereum. According to the chart you can see the price movement is sideway, the reason of that for proving this reason is the parallel channel. At first, the price show us a downward triangle and because of that we expect the price should break the triangle and rising up , the second reason is the price and candle encounter to the one of the important dynamic supporter from the past , and third reason for the rising is the price is near to the below of the channel and the market is so weak and this is what our want and THIS TIME IS TO BUY , ok ?? JUST BUY BUY BUY BUY guys , TRUST US If you have any question or need help send us messages Thank you AA
Last week, the world gold price surpassed the historical peak of over 3,057 USD/ounce but quickly decreased due to profit-taking pressure from investors. However, the price remained above the psychological support level of 3,000 USD/ounce - a level that many experts predicted would be an important support in the coming time. The general sentiment in the market is still leaning towards optimism. Many central banks continue to increase their gold reserves as a way to diversify away from the USD. Meanwhile, individual investors and ETFs have also begun to return to the gold market. Data from the SPDR Gold Shares fund shows that the amount of gold held has increased by more than 37 tons this year, to 910 tons. Although this figure is still lower than in 2020, the upward momentum is returning due to concerns about inflation and escalating trade tensions.
HBARUSDT is currently forming a promising bull flag pattern on the daily chart. Bullish Scenario: If you're not in the trade yet, you can consider entering now for a potential long-term position, or wait for a confirmed breakout followed by a retest for added confirmation. Bearish Scenario: If the price breaks down from the bull flag, the next major support lies around the 800 SMA on the 8H, 12H, and daily timeframes. !!! REMINDER !!! Always pay attention to the signals when you're in a profitable trade. Secure your gains and consider re-entering on the next pullback. Be Patient - Don't Panic - Trade Emotionless
Im shorting here , in my view monday and tuesday gonna be selling spree until we hit trendline Ofcourse let's see what markets has prepared for us Juicy 3 RRR GL Traders Not Advice !