Ethereum (ETH) Chart – "Cup and Handle" Pattern The chart illustrates the technical "Cup and Handle" pattern on a weekly timeframe for the ETH/USD pair. "Cup and Handle" Pattern Definition: This is a continuation pattern in an uptrend, suggesting a potential breakout to the upside. Cup: A rounded decline and recovery in price, forming a shape resembling a cup. Handle: A short-term consolidation or correction that precedes the breakout. Key Levels Support: $2,141.30 (lower boundary of the pattern). Resistance: $4,092.59 (upper boundary of the pattern). Potential breakout target: $7,262.69 (measured by the distance from the bottom of the cup to the upper boundary of the pattern). RSI (Relative Strength Index) Current RSI: 53.89, indicating a neutral market sentiment. Implication: Further upside potential exists if RSI surpasses the 60 level, signaling bullish momentum. 2025 Forecast If ETH breaks out of the "Cup and Handle" pattern, the price could reach $7,200, representing a gain of over 100% from current levels. This pattern suggests a bullish outlook for Ethereum, with a significant upside potential if the breakout occurs.
The script was volatile as expected. An increase in volatility says a lot about fear in other markets. The margin is quite high. Making money is easy but this is not gonna happen every week or every month.
ETH/USDT There is a high chance that top coins such as SUI, XRP and BTC will fall And the cash flow will flow into ETH and a few ETH coins BITSTAMP:ETHUSD
KEEP AN EYE OPEN THAT THE TARGETS ARE THE SAME AS FLYING FLIES AND EATERS OF THE COMMUN... MONEY. They are flies and grasshoppers, they eat all the money and print a lot to pay the bill, inflating the pie and reducing the value of money, the stupid slaves pay the bill...
It was a blistering Q4 for the US Dollar and that's especially true in USD/CAD. While USD reversed aggressive at the Q4 open while getting a shot-in-the-arm around the U.S. Presidential election, in USD/CAD there was also the added drive of tariff potential after President-elect Trump threated a 25% tariff on Canadian goods unless the border was shored up. That comment came on November 26th and led to a bullish spike in the pair, which did recede; but after that the 1.4000 level began to show as support and buyers pushed another strong move through December trade. There were especially noticeable drives on both the NFP report and the FOMC rate decision. After the Trump comment re: 25% tariffs on Canada, PM Trudeau flew down to Florida to try to appeal to Trump. Trump's response after seems jovial in nature, as he called Canada the 51st U.S. state and PM Trudeau a 'governor.' I think the big question here is whether Trump wants a strong U.S. Dollar which a push towards austerity could produce. And if that happens, weakness could show in equities which could then bring questions around his economic agenda. I'm expecting something similar to what showed in 2017, when shortly after inauguration Trump opined that the U.S. Dollar was 'too strong,' after which the currency went into a tailspin for the rest of the year, even as the Fed hiked rates three times in 2017 and four times in 2018. If we do see mean reversion in the US Dollar, USD/CAD could remain attractive for similar themes. For now bulls are still pushing and next resistance is the same 1.4690 area that was respected back in early-2016 and again in 2020. - js
Nifty future and banknifty future analysis and intraday plan. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
? Welcome to TradeCityPro! In this analysis, I will examine the CAKE coin. Pancake Swap is a DEX platform on the BSC network, ranking first among DEXs by TVL. This analysis will technically review the platform's coin, CAKE. ? Weekly Timeframe: Reaching the Demand Zone In the weekly timeframe, following the break of the $3 support, the price dramatically fell, and after several weeks, it found a bottom at $1.093. With incoming buying volume, it rebounded from this zone and eventually reached up to $4.753. ? After the initial contact with this area, the price was rejected and fell sharply again to $1.549, where the second bottom was formed. After a confirming candle, the price moved towards the supply zone near the resistance at $4.753. ? The buying volume was very strong in the bullish candles that formed, but after reaching $4.753, we observed a heavy rejection and the price retraced the entire bullish leg. With the RSI reaching the 50 level, the bullish momentum also dissipated. ? For an uptrend, as long as the price is below the supply zone, I do not expect large and sharp candles. However, if $4.753 is broken, the price could move towards targets at $9.723 and even $41.575. ? If further correction occurs, the most crucial support is at $1.093, which must not be lost. https://www.tradingview.com/x/kPAyenHW/ ? Daily Timeframe: More Chart Details and Price Behavior In this timeframe, we can observe more details about price behavior. Currently, the price is in a very tight range box from $2.243 to $2.627, and breaking either of these areas could start a new trend. ? If $2.627 is broken, the price could again move up to the $4.753 ceiling. Entry of buying volume and a break of 50 in the RSI will significantly impact this bullish leg. ⏳ On the other hand, if $2.243 breaks, the price could move down to the $1.549 support and, if bearish momentum increases, could even break this support and move towards lower lows. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Building upon my prior analysis, where I held a bearish outlook on Crude Oil January Futures , I now present a contrasting bullish perspective. While I had previously emphasized the confidentiality of the stop-loss level for short trades, this setup focuses on a call option strategy aligned with my expectations of upward momentum in the market. For this trade, I have chosen the 6000 strike call option . The optimal entry point for this position is below ₹234.20 , providing a favorable risk-reward ratio. As of this writing, the current market quote (best offer) stands at ₹186.00 , offering an attractive entry opportunity for bullish traders. My target for this position is set at ₹468.40 , which I anticipate achieving by the contract's expiry on 15th January 2025. Key Notes: This trade is based on my personal analysis and market perspective. It is important to emphasize that this is not a trade recommendation for the public. The stop-loss level remains confidential and forms an integral part of my risk management approach. Disclaimer: Trading in options and futures involves significant risk and may not be suitable for all investors. This analysis is solely my personal view and is shared for informational purposes. Perform your own due diligence or consult with a financial advisor before making any trading decisions.
I have plotted the yearly OHL. White line shows year open. If you think BTC is bullish then you buy the year open and hold till EOY or hodl till your heart desires. Alternatively you could gamble and wait for a dip below year open and buy then. Or perhaps you can wait till there's a dip below year open and then wait for a reclaim back on top of the year open level to start bidding. Regardless I see a strong bull trend: 12 years of buy year open and hold till EOY = positive return 3 years of buy on year open and hold till EOY = negative return 2015 is an outlier but despite the heavy drawdown the year end gave a positive return. The probabilities are very skewed and its pretty crazy how complicated we make the LTF analysis and forecasts where the simplest of strategies garners significant gains. The years following a halving year (2013, 2017, 2021) all have a 100% hit rate of buy year open and hold till EOY. Those years offered a very positive return and marked the top of the "cycle" being followed by a down year. My personal opinion is you either buy now or buy higher later. We might look back in a few years and lament on how we had so much time to buy sub 100k. https://www.tradingview.com/x/SA2FX2eG/ Alts see a similar pattern. The beginning of the year is crucial in determining what lies ahead.
EUR/USD H1 chart Potential buying opportunity based on both technical and fundamental analysis. Technically, the price has recently bounced off a strong support area, suggesting possible upward momentum. The Ichimoku Cloud indicates bullish signals with price trading above the cloud. Key resistance levels are identified at 1.0410 (TP1) and 1.0450 (TP2) , providing clear take-profit targets for long positions. Fundamentally, recent economic indicators and monetary policy expectations from the Eurozone and U.S suggest strengthening of the Euro against the Dollar, supporting this bullish outlook. A stop-loss is strategically placed below the support to manage risk effectively in case of market reversals. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.