Bitcoin ( CRYPTO:BTCUSD ) is still 100% bullish: https://www.tradingview.com/x/jKV9U1bI/ Click chart above to see the detailed analysis?? It is actually quite a surprise that we did not see new all time highs on Bitcoin for the past two months. However we had the same thing happening back in 2017 before Bitcoin actually finished the cycle with a parabolic blow off top. So we all know what is very likely to happen next. Levels to watch: $70.000, $300.000 Keep your long term vision, Philip (BasicTrading)
After a long time, we are now in a very attractive area that can make good profits. The Ethereum Daminenis is now in a area where you can gradually be out of bitcoin's assets and enter the Ethereum and other penis assets.
Current Market Overview * Price: Trading around $237.21 with a downward move today. * Volume: Noticeable volume spike during the recent sell-off, indicating active participation. * Trend: Breaking below key EMAs and weakening momentum suggests bearish sentiment in the short term. Key Observations 1. Support and Resistance Levels: * Immediate Resistance: $243.69 (Recent consolidation top). * Major Resistance: $248.35 (Gamma resistance and prior rejection level). * Immediate Support: $230 (Critical Gamma level). * Major Support: $218.20 (Gamma Put Support, recent low). 2. Indicators: * MACD: Negative crossover, with histogram showing increasing bearish momentum. * Stochastic RSI: Extremely oversold (below 10), indicating potential for relief bounce. * Volume Trend: Higher volume in sell candles reflects strong selling pressure. 3. Price Action: * Bearish momentum has broken, signaling continued downside risk. * Current rejection at $240 aligns with increased selling activity. 4. Gamma Analysis: https://www.tradingview.com/x/YQlSvai3/ * Highest Call Wall: $250 (resistance zone). * Highest Put Wall: $230 (critical support zone). * Market positioning below $240 suggests a shift to bearish Gamma. Trade Setups Bullish Scenario: * Entry: Above $240 on a retest with a strong bullish candle and volume confirmation. * Target: $243.69 → $248.35. * Stop-Loss: Below $238. Bearish Scenario: * Entry: Below $236 with increased bearish volume. * Target: $230 → $218.20. * Stop-Loss: Above $238. Neutral Play: * Monitor price action near $230 for a potential bounce or breakdown. Conclusion AAPL is showing short-term bearish momentum, but oversold indicators suggest a relief bounce is possible. Watch $230 for support and $240 for resistance as key pivot levels. Traders should use caution in these volatile conditions and keep a close eye on Gamma levels for directional clarity. Disclaimer: This analysis is for educational purposes only. Always perform your own due diligence and manage risk accordingly.
**Gold Price Analysis: Current Trends and Outlook** **Current Price:** $2,805.76 USD. **Recent Movement:** Gold has shown a significant upward movement, especially towards the end of the week, with a notable increase on Friday. The price is currently hovering near the record high of $2,790. **Technical Indicators:** - **Moving Averages:** The shorter-term moving average (blue line) is above the longer-term moving average (orange line), indicating a bullish trend. - **RSI:** The Relative Strength Index (RSI) is near 68, suggesting there is still room for upside before entering overbought territory. - **MACD:** The Moving Average Convergence Divergence (MACD) indicator shows a positive crossover, supporting the bullish sentiment. **Fundamental Factors:** - **Geopolitical Tensions:** Renewed concerns about US trade policies, including President Trump’s decision to impose emergency tariffs on Colombian imports, have reignited fears of a trade war. This has driven a flight to safety, traditionally supporting gold prices. - **US Dollar:** The US dollar has shown some recovery, but expectations of potential rate cuts by the Federal Reserve have limited its upside potential. - **Central Banks:** Global central banks, including the People’s Bank of China, have been adding gold to their reserves, further supporting the metal’s appeal. **Outlook:** - **Resistance Levels:** Gold is currently testing the resistance level around $2,790. A clear breakout above this level could pave the way for a strong surge toward new highs. - **Support Levels:** Key support levels are seen near $2,735 and $2,693. A bounce from these levels could act as a buying opportunity. - **Market Sentiment:** The ongoing geopolitical uncertainty and dovish Fed expectations continue to support gold’s safe-haven appeal. **Conclusion:** Gold remains in a pivotal zone as fundamentals and technicals collide. Traders should monitor key economic data and geopolitical developments for further cues on gold's direction. A decisive breakout above $2,790 could reignite the bullish rally, while further corrections may provide strategic buying opportunities for long-term investors.
AUDJPY is neutral on its 1D technical outlook (RSI = 45.920, MACD = -0.220, ADX = 20.692) as it is trading inside a Rectangle pattern. The price hit the pattern's bottom yesterday and today is rebounding towards the 4H MA50, already hitting the 0.382 Fibonacci retracement level. Such rebounds have always reached the 0.786 Fib at least, so with the 4H RSI also rebounding perfectly from the oversold area, we expect to test the 0.786 Fib again (TP = 98.385). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Market Overview: Ethereum (ETH) is currently exhibiting bullish momentum, primarily attributed to the breakout from key technical patterns such as a symmetrical triangle and a falling wedge. Both patterns are traditionally considered bullish continuation or reversal formations, increasing the likelihood of upward price action in the near term. Triangle Breakout: The recent breakout from the symmetrical triangle pattern has been a strong indicator of increasing buying interest. This triangle consolidation phase allowed market participants to accumulate positions, and the breakout signifies a potential shift in momentum. Typical price targets for breakouts from such formations can be estimated based on the height of the triangle at its widest point, projected from the breakout level. Falling Wedge Breakout: In addition to the triangle breakout, the formation of a falling wedge has further bolstered the bullish case for Ethereum. Falling wedges are generally seen as bullish reversal patterns, suggesting that the downward movement is losing momentum and that buyers could soon take control. The breakout from this pattern confirms a shift toward bullish sentiment, with traders typically expecting a price rally following the breakout. Key Price Levels: - Current Price Action: Monitor ETH closely as it approaches potentially significant resistance levels. - Immediate Resistance: The first key resistance level to observe is around 3400, which has previously capped upside movement. A decisive break above this level would confirm the bullish breakout and open the door to higher targets, potentially leading towards 3500 or beyond. - Support Levels: In the event of a pullback, key support can be expected around the breakout points of the triangle and wedge formations. Maintaining support above these levels (near 3150-3030) will be critical in preserving the bullish outlook. Volume Analysis: Volume accompanying the breakout is a crucial factor in determining its validity. Ideally, a breakout should be supported by an increase in volume, indicating strong buyer conviction. If the volume is significantly higher than the average trading volume during the consolidation phase, it would further confirm the bullish scenario. Conversely, low volume on breakout could suggest a lack of commitment from buyers and increase the risk of a false breakout. Relative Strength Index (RSI): The RSI should be analyzed alongside price action. Look for the RSI to remain above the 50 level and preferably exhibit further upward momentum as prices increase. Overbought conditions (RSI above 70) could signal caution as they may indicate a potential short-term correction before a more sustained rally. ### Conclusion: In summary, Ethereum is presenting bullish momentum, supported by the breakout from both a symmetrical triangle and a falling wedge. Traders should closely monitor immediate resistance at 3420, as a breakout above this level could catalyze what may be a more extensive upward trend. Vigilance regarding volume and RSI behavior will be essential in assessing the reliability of the breakout. Entering the trade with a clear plan, including proper risk management and target setting, will be crucial for capitalizing on this bullish potential.
Key Observations: Price Level: The current price is around $2,805.507, showing a gain of +11.950 (+0.43%). Pattern Identified: A bullish flag or wedge pattern seems to be forming, indicated by the blue trend lines. This suggests a potential breakout to the upside, as illustrated by the blue arrow. Support & Resistance Levels: Support: Around $2,800, as price action has tested this level. Resistance: Around $2,810, where price has struggled to break out. Trend Direction: The market appears to be in an uptrend, with a recent retracement that could lead to another push higher. The blue arrow suggests that a bullish continuation might occur if the price breaks above the resistance. Trading Outlook: Bullish Case (Breakout Above $2,810): If price breaks above $2,810, it could move toward the next resistance level, possibly around $2,820 or higher. This would confirm the bullish pattern. Bearish Case (Rejection at Resistance): If price fails to break above resistance, it may pull back to $2,800 or lower before attempting another breakout. Conclusion: Watch for a breakout above $2,810 for confirmation of a bullish move. If rejection occurs, price may test support at $2,800 before another attempt.
It is evident that the daily XRP time frame has many buy orders It was the last one that he had, obviously many buyers came in. There is a lot of compression in this area He will probably continue to follow this trend
ETH/USDT 1H Chart Analysis ? Follow me on TradingView if you respect our charts ?Daily charts! Market Condition: Price: $3,380, showing strong bullish momentum after breaking premium zone. RSI: 65.48, indicating room for upside but nearing overbought territory. Volume: High, confirming breakout above previous range highs. Key Levels: Support: $3,225 (Equilibrium). Resistance: $3,425 (Premium Zone). Risk Level: 8/10 (High volatility expected). Trade Setup (Confidence 8/10): Entry: Wait for a pullback to $3,325 - $3,350 before entering. Targets: T1: $3,425 (Premium Zone). T2: $3,500 (Psychological Level). Stop Loss: Below $3,280 (Last swing low). Smart Money Analysis: Institutional Buying Pressure: Visible in strong breakouts above previous highs. No significant divergences present. Market Makers Likely Accumulating before next leg up. Volume Profile Supports bullish continuation. Recommendation: Look for long positions on pullbacks—current price slightly extended. Avoid chasing longs at these levels, wait for confirmation. Monitor volume on retest of $3,325 - $3,350 for ideal entry. Confidence Level: 8/10 for bullish continuation. ? Follow me on TradingView if you respect our charts! ?Daily charts!
? Date: January 30, 2025 ? Timeframe: Daily Chart ? Market Snapshot Change: +82.95 points (+6.36%) Volume: 422.71K vs 295.96K (Above average volume, indicating strong interest) Momentum Indicators: RSI breakout Candle Pattern: Strong Bullish Candle ⚡ Levels to Watch ? Key Resistance Zones (Above Current Price) ? 1,425.98 – Immediate hurdle ? 1,464.82 – Next breakout zone ? 1,527.78 – Major supply area ? Key Support Zones (Below Current Price) ? 1,324.18 – Short-term support ? 1,261.22 – Key demand zone ? 1,222.38 – Strong base ? Conclusion Narayana Hrudayalaya Ltd. is showing strong bullish momentum with an RSI breakout and a powerful bullish candle. The stock is in an uptrend, and the volume above the average suggests robust buying interest. A key focus will be on whether the price can sustain above the support zones to confirm further upward momentum. Could the price hold above the support levels and continue the bullish trend towards the resistance zones?