Technical Overview: Pattern Formation: The chart suggests a double bottom breakdown setup. A double bottom is typically a bullish reversal pattern, but if the price breaks below the support (previous lows), it invalidates the bullish expectation and turns into a bearish breakdown scenario. Breakdown Confirmation: The neckline (previous low) is crucial in determining whether the pattern will hold or break. If the price sustains below this support, a downward move is likely to continue. Target Calculation: The expected target is derived by measuring the distance between the swing high and the double bottom support, then projecting it downward from the breakdown point. According to the chart, this calculation aligns with a target near $60. Volume Analysis: Increased volume during the breakdown would provide stronger confirmation that the pattern is valid. If volume is low, the breakdown might be a false signal, leading to a potential reversal. Key Levels to Watch: Breakdown Level: The double bottom's support level. Resistance Area: The recent swing high. Target Zone: Around $59 (measured move projection). Invalidation Point: A sustained move above the previous resistance zone would invalidate the bearish outlook. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Traders should conduct their own research and consult with a financial professional before making any trading decisions. Market conditions can change, and risk management is essential when implementing any trade strategy.
The ETH/USD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 2,220, which represents the current intraday swing high and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 2,220 resistance, could lead to a downside move targeting support at 1,723, with further potential declines to 1,545 and 1,375 over a longer timeframe. On the other hand, a confirmed breakout above the 2,220 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 2,400 resistance, with a potential extension to 2,620. Conclusion: Currently, the ETH/USD sentiment remains bearish, with the 2,220 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Looks like a classic short squeeze! Don't touch it until it drops to a sensible level and pick up the rebound. Made some good wins with this baby! Keep it coming, but be super careful.... Best of luck and always do your own due diligence!
Analysis of CAD/JPY (1H Chart) Trend Reversal & Breakout: The price previously moved within a descending channel but has since broken out to the upside. This breakout indicates a shift in market structure from bearish to bullish. Key Resistance at 106.203: The chart suggests a bullish target around the 106.203 resistance level. If price reaches this level, we could see either a breakout continuation or a rejection. Potential Pullback: The blue arrow suggests a potential pullback before a continuation upwards. The RSI is approaching overbought territory, which may lead to a short-term correction before resuming the uptrend. RSI & Momentum: The RSI is near 68.81, indicating strong momentum but approaching overbought conditions. A temporary pullback may occur to relieve overbought pressure before another upward move. Conclusion: Bullish Bias: CAD/JPY is showing strong bullish momentum, but a temporary retracement may occur before further upside. Key Levels: Support: Watch for a pullback towards the previous resistance-turned-support (possibly around 103.5-104). Resistance: 106.203 is the next major upside target. Trade Idea: Consider entering long positions on pullbacks with confirmation, targeting the 106 area.
Gold ( OANDA:XAUUSD ) has increased by more than +5% over the past seven days and has managed to create new All-Time High(ATH) daily. The reasons for the increase in Gold prices include US economic statistics and the tensions in the Middle East that have increased these days. The question is how long this bullish trend in Gold will continue. It seems that Gold needs at least a correction to continue its upward trend and I tried to find the starting zone of the correction with technical analysis tools (for the short term ). Gold is moving near the Potential Reversal Zone(PRZ) , this zone could be a correction zone for Gold for at least the short term . Gold also responds well to the Pitchfork tool lines , the Pitchfork lines can be considered as support and resistance lines for gold . From an Elliott Wave theory perspective, Gold appears to be completing microwave 5 of main wave 5 (these five waves are likely to be part of main wave 3 ). Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to drop to at least $3,003 after breaking the Uptrend line , and my second target is $2,986 . Note: The worst Stop Loss(SL) for your Short position could be $3,061. Gold Analyze ( XAUUSD ), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
During the price fluctuations, after two obvious market declines, the market bulls once showed a relatively strong upward trend, which made some investors confused about the market trend. However, after a comprehensive analysis of multi-dimensional factors in the market, including in-depth analysis of global economic data, geopolitical situation evolution and market capital flows, it is believed that the current high-altitude strategy in the gold market still has significant advantages. From the perspective of technical analysis, gold prices are facing great pressure near key resistance levels, and the market short-selling momentum has not yet been fully released. From a fundamental perspective, although the regional situation has caused short-term risk aversion fluctuations, the long-term economic trend still suppresses gold prices. Based on the above analysis, we firmly maintain the original strategy, and the 3025-3035 range is still an ideal position for short selling. Investors can decisively establish short positions in this range, set reasonable stop loss and take profit targets, and achieve steady returns with the help of market fluctuations. In the gold market full of variables, only by strictly adhering to the strategy can we ride the wind and waves and seize wealth opportunities. You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
Today's Bitcoin market shows the dual characteristics of technical correction and cautious market sentiment. The short - term risk is inclined to the downside, but there is still rebound potential in the medium - and long - term. The fact that the price of Bitcoin has fallen below $84,000 does not mean the end of Bitcoin. Instead, it is just a part of the market operation. For investors, the key to success lies in understanding the underlying factors of the market and correctly assessing the risks and opportunities. In a market full of uncertainties, only by staying calm and conducting rational analysis can one seize the future opportunities. Bitcoin Trading Strategy sell @ 90000 buy @ 78000 Finally, I'd like to remind every investor that the cryptocurrency market is inherently highly volatile, and every decision you make may have an impact on your investment returns. In this rapidly changing market, what we need is not just luck, but also a keen mind. You are all welcome to follow me. Let's discuss the future of Bitcoin together. Perhaps it is through the collision of ideas between you and me that we can gain a clearer understanding of this market.
NVIDIA’s crushing it as the undisputed king of AI chips, owning a jaw-dropping 70-95% market share. Their GPUs are the beating heart of data centers worldwide, powering the AI revolution with unstoppable momentum. Last four quarters? A cool $80B in revenue—growth that’s pure rocket fuel. Net margins at +56% scream profitability, while a forward P/E of 23.3 (cheaper than Starbucks!) makes it a steal for this kind of dominance. EPS projected to soar +29% annually over the next five years? That’s long-term winning vibes. Their Blackwell Ultra chip, set to drop at GTC today, is about to flex even more muscle, and the Vera Rubin superchip’s got tech heads buzzing. Zero debt worries, industry-leading margins, and a massive addressable market—NVIDIA’s fundamentals are a fortress. Sure, trade war noise and a 10% YTD dip spook some, but this oversold gem (RSI 34) is primed to rally hard. Jensen Huang’s a visionary steering this beast, and with AI demand exploding, NVDA’s not just hot—it’s molten. Time to ride this wave, Freund!
In today's market update, I maintain a neutral stance. While we saw a breakout yesterday, price has since been rejected at the 1-hour resistance. The key area I'm watching is the 4-hour demand zone. Since the overall trend on higher timeframes remains bearish, I plan to wait until price reaches this level—I'm cautious about entering long positions. If price clearly rejects bullishly from the 4-hour demand zone, I will go long. However, if the 4-hour demand zone breaks down, I'll look for a short position on a retest of this zone.
Litecoin (LTCUSD) remains in a neutral stance, as price action continues to trade within a longer-term sideways range. The key trading level at 940.00 will play a crucial role in determining the next directional move. Key Levels to Watch Resistance Levels: 1,120, 1,217, 1,320, 1,374 Support Levels: 859.00, 816.00 Bearish Scenario If LTCUSD fails to bounce back from 940.00 and faces rejection, a downside move could emerge. A sustained decline below this level may trigger selling pressure, targeting 859, followed by a potential retest of the 816.00 psychological support over the longer timeframe. Bullish Scenario A decisive bounce back from the 940.00 support level, confirmed by a daily close higher, would shift sentiment toward a bullish outlook. This could open the way for further gains, with upside targets at 1,120, followed by 1,217 and1,274 in an extended rally. Conclusion LTCUSD is currently consolidating within a neutral range, with 940.00 acting as a key pivot level. A rejection from this zone could reinforce bearish pressure, while a breakout above 1,120 could confirm bullish momentum. Traders should monitor these levels for confirmation of the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.