?#CADJPY Buy Setup Currently Trading At 105.580 , Buy Dip Till 104.742 For The Target 107.300—-109.380
As of February 3, 2025, the current price of Gold (XAU) against the US Dollar (USD) is approximately $2,799.20 per ounce. Technical Analysis: Note: The following analysis is based on standard technical indicators and chart patterns. For a comprehensive assessment, it's advisable to consult detailed charts and possibly a financial advisor. Exponential Moving Averages (EMA): 15-Minute Chart (M15): The 50-period EMA is above the 200-period EMA, indicating a short-term bullish trend. 1-Hour Chart (H1): The 50-period EMA is above the 200-period EMA, suggesting continued upward momentum. 4-Hour Chart (H4): The 50-period EMA is above the 200-period EMA, reinforcing the bullish outlook. Support and Resistance (S&R): Immediate Support: $2,750 Immediate Resistance: $2,800 A break above $2,800 could open the path towards $2,850, while a decline below $2,750 might lead to a test of $2,700. Fibonacci Retracement Levels: Applying Fibonacci retracement from the recent swing low to swing high: 38.2% Retracement: $2,760 50% Retracement: $2,740 61.8% Retracement: $2,720 These levels may act as potential support zones in case of a pullback. Alligator Indicator: The Alligator's Jaw (blue line), Teeth (red line), and Lips (green line) are aligned upwards across M15, H1, and H4 timeframes, indicating a strong bullish trend. Candlestick Patterns: Recent charts show the formation of bullish Marubozu candles, suggesting strong buying pressure. Chart Patterns: A potential diamond pattern is forming on the H1 chart, which could indicate a trend reversal if confirmed. Supply and Demand Zones: Rally-Base-Rally (RBR): Identified around $2,770, indicating a strong demand zone. Rally-Base-Drop (RBD): Observed near $2,820, suggesting a potential supply zone. Elliott Wave Analysis: The current structure appears to be in Wave 3 of a 5-wave impulsive pattern, typically the strongest wave in terms of price movement. Gann Analysis: According to the Gann Square of Nine, significant price levels to watch are $2,750 and $2,800, which align with key angles. Trade Recommendations: Buy Limit Order: Entry: $2,760 Stop Loss (SL): $2,740 Take Profit (TP): $2,800 Sell Limit Order: Entry: $2,820 Stop Loss (SL): $2,840 Take Profit (TP): $2,780
price rejected to close below the previous hourly low, simple trade that im willing to hold and see how it plays out.
Crypto Cap excluding CRYPTOCAP:BTC chart—essentially the total market cap of all altcoins, including CRYPTOCAP:ETH , CRYPTOCAP:XRP , and everything else except Bitcoin. # Another 3%-5% down, and our beloved (or most hated) altcoins will hit the Golden Pocket. Will this be the best time this year to load up before the inevitable "altseason"? Maybe. Probably. Or maybe not—depending on the geopolitical situation, or rather, the geo-economic situation. Mr. President has decided to wage his trade war with most of the world. I’m not going to pretend to know what’s going to happen tomorrow on that front. Maybe China retaliates with its own tariffs—nobody knows. In my 12 years in crypto, I have never seen this level of uncertainty. This is madness. All I can do is sit here and analyze the impact off the charts. The bullish pennant has been invalidated, and that pattern was supposed to give us explosive price action—to the upside. That’s canceled. Based on this chart and many others. I still believe many cryptos will deliver fantastic returns this year. But a general altseason, where everything pumps? Forget it. Those days are over. Selection of coins will be critical from now on. That’s my thesis for the rest of the year. Not rushing into any more buying for now—heading to bed instead. Stay safe, folks, and maybe, just maybe, don’t throw any more of your funds into shitcoins. Most of them will die off, slowly but surely. ??
Here we all are stuck in the range. I usually call this the "Chop Chop Zone" Possible for a long position at the bottom. Channel trading will produce the unknown. Meaning.. long fast wicking and reversal ..and.. eventually a breakout (up or down). The breakout is subjected to the traders interpretation of the trend or maxing out of the trend. It is either a continuation of the trend or a reversal of the trend. So channeling can break-out in either direction. The trending lines I have is an "M" and suggests PA will breakdown and out, towards the Green Lower Oval graphic. However if PA continues more bouncing in the channel, we could see a continuation to the upside and 111k might be in our future soon. Good Luck !!
In late November 2024, we believed that BINANCE:BTCUSD 's momentum rating shifted from 'Bullish' to 'Warning' Territory. We have not since re-classified this rating, and Bitcoin remains in a position which may warrant caution and high-volatility. With the price of BTC again retracing beneath the $100k USD mark, further downside caution may be warranted. What's next for Bitcoin? Stay tuned for more updates...
Solana Closed the Week below the 9WMA but above the 20. The Week opened trading below the 20WMA and UpTrend it formed Since August 5, 2024. CRYPTOCAP:SOL will most likely retest $170-180 region where it should bounce off the 50WMA. Closing a week or two below that might cause some concern. Will revisit next week. Bull Case is that SOL closed above the .382 Fib and UpTrend so some bullish catalysts next week could spur a rally.
Fundamanetal analysis respects technical analysis. They always go hand in hand. Dont let the gloomy CT make you miss this sweet move by waiting for BTC at 70k. It will come there only the next bear market. For now, it wont. My target still remains 145k And we will get there soon Pls buy
Ethereum (ETH) is currently trading at a critical support zone around $2,800 - $2,850, facing key technical levels that could determine its next major move. However, beyond technicals, a significant macroeconomic event—the new U.S. tariffs on Canada, Mexico, and China—could introduce further volatility into the market. These tariffs, announced by the Trump administration, include a 25% levy on Canadian and Mexican imports and a 10% tariff on Chinese goods. With potential ripple effects on global trade, inflation, and Federal Reserve policy, traders must factor in both technical and macro elements to navigate the Ethereum market effectively. Ethereum’s Technical Landscape Long-Term Structure (2W & 1W Charts) • Ethereum is forming a falling wedge, a traditionally bullish reversal pattern if it breaks to the upside. • The $2,800 - $2,850 region is a major support zone, with a key resistance area at $3,175 - $3,200. • Breakout targets could extend to $3,600+, while a breakdown risks testing $2,500 - $2,600. Medium-Term Outlook (3D & 1D Charts) • ETH has tested the lower boundary of its descending wedge multiple times, showing strong buying interest. • Volume has been increasing near support, indicating possible accumulation. • The RSI (Relative Strength Index) is forming a bullish divergence—while price is making lower lows, RSI is making higher lows, a potential sign of reversal. Short-Term (4H & 1H Charts) • Ethereum recently rejected from $3,175, showing continued downward pressure. • The Stochastic RSI is deeply oversold, suggesting a bounce is possible. • The Bookmap heatmap shows strong buy liquidity around $2,800, reinforcing support at this level. Macroeconomic Factors: U.S. Tariffs and Federal Reserve Policy 1. The New U.S. Tariffs The Trump administration has announced new tariffs on Canada, Mexico, and China, including: • 25% tariff on Canadian and Mexican imports. • 10% tariff on Chinese goods. • Canadian energy exports face a reduced tariff of 10%. These tariffs are set to take effect on February 4, 2025 and could disrupt global trade, potentially leading to increased production costs in the U.S. economy. 2. Will Inflation Rise? Historically, tariffs increase costs for businesses, potentially fueling inflationary pressure. However, it’s important to note that: • During Trump’s first term (2017-2021), similar tariffs did not lead to major inflation. • Inflation remained relatively stable until COVID-19 supply chain shocks and Federal Reserve monetary expansion in 2020-2021. However, in the current environment, the impact could be different. With higher baseline inflation and ongoing Federal Reserve concerns, new tariffs may create additional inflationary stress. 3. Federal Reserve Response: Interest Rates & Market Liquidity • If tariffs cause inflation to rise, the Federal Reserve may delay interest rate cuts—which could strengthen the U.S. dollar (DXY) and pressure risk assets like Ethereum. • A stronger dollar historically leads to lower ETH prices, as crypto trades inversely to DXY. • If the Fed maintains high interest rates longer than expected, liquidity in crypto markets may remain tight, limiting ETH upside. Confluence of Technical and Macro Factors: What’s Next for ETH? Given both technical and macroeconomic insights, here’s what traders should watch: Bullish Scenario ✅ $2,800 support holds, leading to a breakout from the falling wedge. ✅ If ETH breaks above $3,175, next resistance at $3,600 comes into play. ✅ A weaker DXY (U.S. dollar) and Fed rate cuts could fuel a major rally. Bearish Scenario ❌ A break below $2,800 could send ETH down to $2,500 - $2,600. ❌ If tariffs increase inflation and delay Fed rate cuts, ETH could face macroeconomic headwinds. ❌ If the dollar strengthens, ETH may see downward pressure. Final Thoughts Ethereum is currently at a major inflection point, both technically and fundamentally. While the falling wedge pattern suggests a potential breakout, macroeconomic factors—including new U.S. tariffs and Federal Reserve rate decisions—could significantly impact price action. For traders, the $2,800 support zone is critical—holding above this level could fuel a rally, while breaking below it could signal further downside. Key Levels to Watch: ✅ Support: $2,800 → $2,600 → $2,500. ✅ Resistance: $3,175 → $3,600 → $4,000. Given the confluence of technical and macroeconomic factors, Ethereum remains a highly volatile asset. Traders should monitor economic data, Federal Reserve statements, and global liquidity trends to stay ahead of the next major move. ? What’s your ETH outlook? Share your thoughts below! ?
ctxc is a huge gem it has the same chart as doge before mooning