I've been analyzing price action on ASML for a few months and am very excited to finally be entering a position here once all the confluences line up. Lots of chop recently and price is still deciding where it wants to land. Luckily, utilizing algorithms and known S&D, we can get a good picture of which way and where that will be. Happy Trading :)
- BTC dominance can't keep rising indefinitely. -If we see a BTC dip, BTC dominance could climb to around 66% (71.8% Fibonacci), but in my opinion, that’s likely the maximum. - If BTC surges too quickly and too high, altcoins will be suppressed, causing BTC dominance to potentially rise also to around 66%. However, once again, I believe that's would be the max. - After any of both cases, altcoins will start to moon fly. - 36-bar, 1096-day uptrend on the BTC dominance chart. That’s a significant duration from 2018 to 2021. The timespan from 2022 to 2025 could mirror the previous one. - Take note also on the Bearish Divergence between the trend and the RSI. ( i will post weekly graphic also to show a more clear view ). - An uptrend of this length indicates strong, sustained interest in BTC compared to altcoins. However, long-term trends like this are prone to exhaustion. For now, just hold your alts and practice golden patience. Happy Tr4Ding !
https://www.tradingview.com/x/suyjUcwJ/ Hello,Traders! EUR-CAD made a bearish Breakout of the key horizontal Level of 1.5528 so we are Bearish biased so we can Enter a short trade with The Take Profit of 1.5454 And the Stop Loss of 1.5576 Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold ended on a high, seeking to return low. It changed character breaking the most recent low, signalling to me that it will seek to go low once it collects enough liquidity to expand again. What I drew up on the chart is essentially what will happen but it will be a hypothetical, I’d suggest that you refine if you are seeking to take this trade But theory still stands. N.B.: This is not financial advice. Trade safely and with caution.
4-hour Ethereum (ETH/USD), showing a potential bullish breakout setup. Chart Breakdown: 1. Price Structure: • The market was previously in a downtrend, with a significant price drop. • The price then entered a consolidation zone (marked by a rectangular box), which could indicate an accumulation phase before a potential move up. • The current price is around $1,946, sitting near a support zone. 2. Potential Market Movement: • If the price breaks out of the consolidation zone, a bullish momentum may follow. • The chart suggests a possible Elliott Wave structure or an impulse move, where the price could reach different levels step by step. • Three target zones are marked as potential resistance levels: • Target 1: Around $2,200 • Target 2: Around $2,350 • Target 3: Around $2,500 3. Technical Confirmation: • A breakout with a higher high would confirm further bullish momentum. • Support Zone: If it holds, the price could move up; if it breaks downward, a bearish scenario could develop. • Key Indicators to Watch (Not Visible in the Image but Useful): • RSI (Relative Strength Index): To confirm overbought or oversold conditions. • Moving Averages: To verify bullish or bearish momentum. Possible Trading Plan: • Buy Entry: If a breakout occurs and a higher low is formed. • Stop Loss: Below the support zone, as a breakdown would indicate further downside risk. • Take Profit: At the three target levels, taking partial profits along the way. This analysis suggests a possible market structure, but proper risk management is crucial before trading.
WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.748, MACD = -1.080, ADX = 23.603), which indicates the slow transition from a bearish trend to bullish. This started when the price hit the S1 level, a 1.5 year Support, and bottomed. The slow rebound that we're having since formed a Channel Up on a bullish 1D RSI, much like the one in September 2024, which eventually peaked after a +10.70% price increase. A similar rebound is expected to test the 1D MA200. The trade is long, TP = 72.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
⬆️ BUY MAGNIT 21.03.25 ? Entry: 4930.5 ? Goal: 6931.0 ⛔️ Stop: 4526.0 Entry reasons: 1) OSOK: — Month minimum was set at the 2nd weekly 2) Eliott waves: — 1D: 2th wave is formed, 3th is forming 3) Larry Williams: — Long term point is forming 3) Range: — Monthly bullish range, correction into zone OTE 4) Additional arguments: — Divergence delta cluster — Divergence oscillator 1d — Weekly liquidity is captured Strategy: #osok #wave #larry #cluster
After this monster sell off I have been looking for a good entry on the smaller time frame for a bounce back up to the large consolidation area around the .618 retracement of the move down shown here on the weekly. I think I have got that on Wednesday with an open lower followed by a nice impulsive move up. The positioning is set for a reversal, with speculators massively still short, on the technical side we have the RSI turning up on the weekly and already crossed over on the daily. I am in from the Wednesday close and will be looking to add on the move up with good pull backs followed by rejections on the STF. Invalid if Wednesdays low is taken.
Technical analysis: From the daily chart, technical indicators show signs of upward exhaustion and lose strength at extreme levels. At the same time, gold prices are holding above all bullish moving averages, with the 20-day simple moving average (SMA) providing dynamic pressure near 2941.70. From the 4-hour chart, the 100-period SMA and 200-period SMA continue to move higher, well below the above short-term moving averages. At the same time, the momentum indicator moves lower in the positive area but loses downward strength; while the relative strength index (RSI) corrects the overbought condition and then stabilizes near 61. Overall, Zhang Jinglin recommends wide fluctuations in gold operations today! Short-term operation strategy: SELL: Short near 3045 above, stop loss 3051, target near 3015, 3000. We update regularly throughout the day and tell you how we manage active ideas and settings. Thank you for your likes, comments and attention, we are very grateful!
Trade idea based on supply and demand principles, intermarket analysis, COT positioning and cross market valuation. Following a structured approach with clear entry, risk management, and confluence factors.