For gold trading, a position that can give good profit is to buy at 2955 with a stop at 2950, plan for a stop of 3000 and a final target of 3009 and from these areas look for opportunities to start a correction.
TSLA has made some incredibly interesting moves. in summary: We have performed an EXACT 50% retrace from previous highs That level is perfectly aligned with the lower trendline (Log chart) That level is also perfectly aligned with the descending wedge top from previous ATH Bounce off this level is almost guaranteed, the question is how far? The last two times we have been overbought on the weekly RSI, we have seen between 60 and 40 days of down before we found a bottom. However, the July 23 top was weak on the RSI and may not be indicative of what we are experience now. So I'd say we're in for at least 40 days but likely more, before we find a bottom. If we break the lower trendline it is likely that we revisit 2023 lows, which just so happens to be exactly at the 78.6 Fib retrace. We'd likely bounce off the 61.8 retrace and touch the bottom of the descending wedge trendline. On the bull case, we continue to consolidate sideways until there is an upward break. Right now, the bear case feels more likely with the macro / political environment. I've also made a guess at what RSI might do - you can see that at the bottom of the chart in green. What do you think happens?
This chart represents the Ethereum (ETH/USD) price action on the 4-hour timeframe. Here’s a breakdown of the analysis: Technical Analysis: 1. Descending Channel Breakout: The price has been in a falling wedge or descending channel, visible with the downward-sloping trendlines. The recent breakout above the upper boundary of the wedge suggests a possible trend reversal. 2. Bullish Structure & Potential Upside: The yellow zig-zag pattern indicates a series of higher lows and higher highs, supporting bullish momentum. A target zone is marked in blue, showing a potential price surge toward the $2,200-$2,300 range. 3. Support Zone (Red Box): The red box represents a key support zone around $1,750-$1,800, which could act as a stop-loss region. If the price falls back into this area, it could invalidate the bullish setup. 4. Volume & Confirmation: The breakout should ideally be supported by increasing volume for confirmation. If volume remains low, there’s a chance of a retest of the support zone before continuing upward. Trade Setup Suggestion: Entry: Around the current price (~$1,888). Target: $2,200 - $2,300. Stop-Loss: Below $1,800 (red box zone). Risk-to-Reward Ratio: Favorable if the setup holds. Final Thoughts: Bullish breakout scenario: If ETH maintains above the breakout zone, a rally toward $2,200+ is likely. Bearish invalidation: A drop below $1,800 could lead to further downside toward $1,600. Would you like me to analyze any indicators or look for additional confluences?
Amazon should definitely reach 151.37 (even if it moves up again, it will start to move down again)
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GBP/USD DAILY SUPPLY ZONE! ?? ? Smart Money Concept (SMC) Idea: ? Price is approaching a key supply zone (marked in blue). ? Liquidity grab? Expecting a potential rejection from this level. ? If price reacts here, we could see a shift in market structure ? ⚠️ Key Levels to Watch: ? Supply Zone: 1.3000 - 1.3100 ? Potential Downside Target: 1.2600 - 1.2400 ? Will the bears take over from here? Let’s discuss in the comments! ? #Forex #GBPUSD #SmartMoneyConcept #SupplyZone
Gold prices pull back after briefly surpassing the $3,000 milestone, reaching a record high of $3,004 per troy ounce before retreating to $2,982, down 0.21% for the day. Uncertainty surrounding President Donald Trump's trade policies and a weaker US Dollar initially fueled the surge but later led to a price correction. Gold price has reached over 3000 this week, a new turning point. The trade situation is still very tense, the momentum continues for the upward trend next week. Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3043, $3078 Support : $2954, $2882
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments? Some time ago, the price declined to the $1.0475 level and broke it, after which it declined to $1.0360 points. Then price turned around and started to grow inside the wedge, where it soon reached $1.0475 level and broke it again. Next, Euro made a retest, after breakout and then continued to move up, and later it reached $1.0835 level. Price has some time traded below this level, and then it broke it and reached the resistance line of wedge. After this, EUR long time traded near $1.0835 level and not long time ago it bounced and started to grow. In my mind, Euro can bounce from the support line and then rise to $1.1045 resistance line of the wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Bitcoin is setting up a continuation on the 1H, CFX is also showing the same type of price action. Looking to take the double top as a risk entry on the 5M. Targeting 90% of the rising wedge
BNXUSDT is currently forming a strong breakout pattern, showing signs of bullish momentum. The trading volume is increasing, indicating that investors are actively participating in this move. With a solid structure and a breakout looking imminent, BNXUSDT could be set for a significant rally. Traders are closely watching this level, anticipating a strong price surge once the resistance is broken. Technical analysis suggests that the price is consolidating just below a key breakout point. A successful breakout could trigger a sharp upward movement, with potential gains ranging from 50% to 60%+. The combination of strong volume and market interest further supports this bullish scenario. As the buying pressure builds up, BNXUSDT could soon enter a high-momentum phase, attracting more investors looking for profitable opportunities. With the crypto market showing increased volatility and potential, BNXUSDT remains a promising asset to watch. Traders and investors are advised to keep an eye on this pair as it moves closer to its breakout zone. A confirmed breakout with sustained volume could validate the anticipated bullish run, offering traders a lucrative upside potential. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is your opinion about this coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!