It's no mystery that XLM and XRP often trade like they are family. Much like an older brother, XRP generally paves the way for XLM—the younger sibling—and the two share a similar charting structure. However, since the "Trump election pump," although both have broken out, XLM has yet to break above the upper trendline of the current wedge pattern. This leads me to believe that we may soon see XLM surprise everyone. Instead of following, it may take the lead this time by breaking out of the wedge pattern, setting a new all-time high, and then entering price discovery along with its older brother, XRP. Together, they will likely lead the entire crypto market, as they are two of the ISO 20022-compliant tokens with the most potential for widespread adoption. Keep an eye on XLM—I believe it will not only play catch-up but may even lead XRP and the broader crypto market in the next leg up. Good luck, and always use a stop-loss!
Analysis & Description: The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing. #### **Key Observations:** ? **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction. ? **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**. ? **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action. ### **Trading Plan:** ? **Bearish Scenario:** - If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**. - A potential **pullback to retest resistance** before further decline is possible. ⚠️ **Bullish Risk:** - If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend. ### **Final Thought:** GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! ??
Analysis & Description: The USD/CHF pair is currently testing a **strong resistance zone**, which previously acted as a significant **supply area**. Price has approached this **key level**, and a potential **rejection** could lead to a bearish move. #### **Key Observations:** ✅ **Resistance Area (Supply Zone):** Price is retesting a previously respected **resistance** zone. ✅ **Bearish Setup:** If the price fails to break above the **0.90607 level**, a **reversal** could take the pair lower toward the **target area**. ✅ **Volume Confirmation:** Increasing volume near resistance indicates potential selling pressure. ### **Trading Plan:** ? **Bearish Scenario:** - A rejection at **resistance** could lead to a move down toward **0.89267**, aligning with previous support. - **Stop-loss** can be placed above **0.90607** in case of a breakout. ⚠️ **Bullish Risk:** - If the price **breaks and holds above the resistance**, the bearish setup could be invalid, and further upside may occur. ### **Final Thought:** USD/CHF is at a **crucial decision point**. Traders should **watch price action closely** for confirmation of either a **breakout or a rejection** before making a move! ??
Historical severely oversold area. Welcome to the MAX PAIN (looking at the greed&Fear at 11 today) At this max fear stage it’s hard for the herd to see wood for the trees and things also the perfect phase to pickup a contrarian play. ? ? **Trade Direction:** Long (Potential Reversal) ? **Entry:** $170 - $173 (Current Zone) ? **Stop Loss:** $165 (below recent support) ? **Target 1:** $182 (key resistance level) ? **Target 2:** $192.50 (prior swing high) ? **Probability & Justification:** - **Momentum Shift:** Oversold conditions with multiple strong buy signals across timeframes. - **Indicators:** Stochastic RSI deeply oversold, with RSI on daily at 27.16—historically near bounce zones. - **Moving Averages:** Price trading below key moving averages but stabilizing. - **Volume Profile:** Signs of potential accumulation; need confirmation. ⚠️ **Risk Considerations:** - A breakdown below $165 invalidates the setup. - Bearish sentiment still dominant; a confirmed higher low is needed. - Strong resistance ahead at $182; partial profit-taking recommended. ? **Bias:** Cautiously bullish—confirmation required for trend shift.
Analysis & Description: The EUR/USD pair has experienced a strong bearish move, pushing the price down to a key support zone near the lower Bollinger Band. A potential bounce-back scenario is forming, as indicated by the setup. Key Observations: ✅ Bollinger Band Support: Price touched the lower band, suggesting a possible short-term reversal. ✅ Recovery Setup: The chart outlines a bullish recovery with a target around 1.04128 - 1.04169. ✅ Risk-Reward Setup: Stop-loss positioned below the recent low to manage risk effectively. Trading Plan: ? Bullish Scenario: A successful hold of the support zone could lead to a move toward 1.04169, marking a possible short-term bullish opportunity. ⚠️ Bearish Risk: If the price breaks below the recent low, the bullish idea could be invalidated, leading to further downside. Final Thought: EUR/USD might see a temporary relief rally after the recent drop. A cautious long entry near support could be an opportunity, but traders must manage risk carefully! ??
- Ethereum reversed from support zone - Likely to rise to resistance level 2400.00 Ethereum recently reversed from the support zone between the major long-term support level 2200.00 (which has been reversing the price from August) and the lower daily Bollinger Band. The upward reversal from this support zone is currently forming the daily Japanese candlesticks reversal pattern Hammer – a strong buy signal for Ethereum. Given the strength of the nearby support level 2200.00 and the oversold daily Stochastic, Ethereum can be expected to rise to the next resistance level 2400.00.
- Gold broke the support zone - Likely to fall support level 2800.00 Gold recently broke the support zone between the key support level 2875.00 (which has been reversing the price from the start of February), the support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from January. The breakout of this support zone strengthened the bearish pressure on gold accelerating the active downward correction. Gold can be expected to fall to the next support level 2800.00 (a former multi-month high from last October and the 61.8% Fibonacci correction of the upward impulse from January).
Analysis & Description: The EUR/GBP pair is showing bearish momentum, having broken below a key horizontal resistance zone, confirming a potential downtrend continuation. Key Observations: ✅ Break & Retest Pattern: The price has broken below the previous support (now resistance) and is retesting it before further downside. ✅ Bearish Structure: Lower highs and lower lows indicate a continuation of the downtrend. ✅ Target Level: The next bearish target is marked around 0.82441, aligning with previous support. Trading Plan: ? Bearish Bias: A successful rejection from the resistance zone could provide a selling opportunity targeting 0.82441 and lower. ⚠️ Bullish Invalidations: If the price reclaims 0.82760, it could signal a fakeout and potential bullish reversal. Final Thought: EUR/GBP is in a clear bearish trend, and a rejection from the resistance zone could trigger a further decline toward the 0.82441 level. Stay cautious of any false breakouts! ??
Nifty smallcap sectoral chart is saying the stroy has just begun and not ended. looking for very bright years going forward for investors with PATIENCE.
Analysis & Description: This chart of EUR/JPY (JPY timeframe) shows a downtrend channel breakout that could signal a bullish reversal. Key Observations: ✅ Descending Channel Break: The price has been trending inside a bearish descending channel and is now attempting to break out. ✅ Accumulation Zone: A range-bound consolidation occurred before the breakout attempt, indicating possible smart money accumulation. ✅ Key Resistance Levels: 156.545 (Breakout confirmation level) 158.100 (Next resistance) 159.100 & 160.453 (Potential upside targets) ✅ Bullish Breakout Structure: The price is forming higher highs and higher lows, confirming early bullish momentum. Trading Plan: ? Bullish Bias: A successful breakout above 156.545 with retest confirmation could provide a buy opportunity targeting 158.100 → 159.100 → 160.453. ⚠️ Bearish Invalidations: If price fails to hold above 156.545, a rejection may lead to a pullback before the next bullish move. Final Thought: EUR/JPY is showing early signs of trend reversal. A strong breakout above 156.545 could trigger a bullish rally toward 160+ levels in the coming sessions. ?