? Local action: Formation of a Bullish Triangle and breakout with +40% net profit. Within an uptrend. This is a significant profit for a liquid instrument. What’s next… A pullback and another triangle? Or a breakout into a new price range?
BTCUSDT Analysis (4H) ? Expected Direction: Based on the chart analysis, the price is currently trading below the key resistance levels at 100,281.98 USDT. ? Forecast: The price is expected to continue declining towards the buy zone, located between: ? 84,169 ? 83,183 ? Buy Zone: This zone represents a good entry point for buyers, where the price is expected to rebound upwards. ? Additional Observation: The price has formed a double top pattern ?? (indicated by the two green arrows on the chart). If this pattern is confirmed and activated, it will provide further confirmation of the downtrend. This supports waiting for a better entry at the buy zone mentioned above. ? Primary Target: The first target after the rebound remains 116,415 USDT. ⚠️ Important Notes: The double top pattern adds more weight to the bearish scenario, reinforcing the need for patience until the price reaches the buy zone. If the price breaks below the buy zone, the analysis needs to be re-evaluated.
i think the EUR/JPY will continue the with the bullish movement atleast up to the 169.272 level, it retested the uptrend(1) and it seems like its breaking instead of retesting uptrend (2) if it closes with a good bullish candlestick i will consider buying.
Hey guys here is my idea on GBPUSD. kindly share your review about my analysis in comments and dont forget to visit my profile. GBPUSD was looking short from last many days and it was just falling and falling but now according to me that the short trend has ended here and now it will reverse and go for long trend. GBPUSD is now working at very low point.and from now it will go for long trend accoriding to me. Resistance Areas : the first resistance area according to me is 1.25400/1.25500 because last time market spend time here .. and other resistance area is 1.25750/1.25850 where GBPUSD tried to break last time but didn’t break it … KEYPOINTS Entry point 1.25100 Resistance 1 1.25400/1.25500 Resistance 2 1.25750/1.25850 Stop loss 1.24900 Kindly Boost my charts and and forget to share it with your friends and family and follow me for latest updates on GBPUSD.
2nd Week of January 2025 is gonna be good for major coins. Invest wisely.
If you haven`t bought U Unity at all time low: https://www.tradingview.com/chart/idea/JlOw8QvC/ My price target for U in 2025 is $35, driven by the following fundamental factors: Strong Market Position in Gaming and Interactive Content: Unity maintains a dominant position in the gaming industry, with approximately 70% of the top mobile games built on its platform. The global gaming market is projected to grow significantly, driven by increasing consumer spending on mobile and interactive content. Unity's extensive reach—3.7 billion monthly downloads of applications made with Unity—positions it well to capture this growth. As the demand for high-quality gaming experiences continues to rise, Unity's technology will be integral in meeting these needs. Innovative Product Developments: The upcoming launch of Unity 6 promises to enhance the platform's stability and performance, which is crucial for attracting new developers and retaining existing customers. Additionally, Unity's shift back to a subscription-based model has shown positive results, with subscription revenue growing by 12%. This focus on innovation and customer satisfaction is expected to drive user engagement and revenue growth in the coming years. Focus on Operational Efficiency and Cost Management: Unity's recent restructuring efforts have significantly reduced net losses, from $291 million in Q1 2024 to $126 million in Q2 2024. This focus on operational efficiency not only improves profitability but also enhances cash flow management—Unity generated $115 million in free cash flow in Q3 2024. As the company continues to streamline operations while investing in growth initiatives, it is likely to see further improvements in financial performance. Valuation Potential Amidst Market Recovery: Despite recent challenges, Unity's current valuation presents an attractive opportunity for investors. Analysts are optimistic about the company's long-term growth prospects, particularly as it adapts to market demands and enhances its product offerings. With a target price suggesting significant upside potential from current levels, Unity is positioned for substantial appreciation as it executes its strategic vision.
after a long time now it has been bullish in next sessions .
first check my last dogecoin analysis i will mark the retest and support zone for buy and now check the results. So from here we are still going for new high so buy and hold for 1.3 dollar price target
1. Analysis Based on Elliott Wave Theory Long-term Perspective (Weekly Chart): The long-term analysis suggests that the market is currently in the 5th wave of an Elliott Cycle . Wave 4 was a typical corrective move, ending around the Fibonacci retracement level of 38.2% of Wave 3. The completion of Wave 4 indicates the potential continuation of an uptrend into Wave 5. Wave 5 Projection: Based on Fibonacci extensions, the target for Wave 5 could be in the range of 6,150–6,300 USD. This is supported by consistent higher highs and higher lows and ongoing market strength. Mid-term Perspective (Daily Chart): The market is showing a strong impulse structure with consistent upward movements. The current movement could represent sub-wave 5 within the larger Wave 5. An Ending Diagonal or final impulse might be forming here. Key area: 6,050–6,100 USD, a critical resistance zone that has been tested multiple times and indicates a potential breakout level. Short-term Perspective (H4 and H1 Charts): Corrections within the short-term waves exhibit clear impulsive and corrective patterns. The recent consolidation could be identified as Wave 4 within sub-wave 5. A breakout above the 6,050 USD area would confirm the continuation of the impulsive move. 2. Market Structure Analysis Trend Direction and Structure: Long-term Trend (Weekly): The market is in a strong uptrend with clear higher highs and higher lows. The price is holding above the 200-day EMA, reflecting a bullish long-term bias. Mid-term Trend (Daily): The market remains in an intact uptrend, with prices trading above the 50-day and 100-day EMAs, reinforcing the bullish bias. Short-term Trend (H4 and H1): The market has experienced a brief consolidation phase but continues to show a slight upward trend with higher lows. Key Support and Resistance Zones: Resistance Levels: 6,050–6,100 USD: Critical level tested multiple times. A breakout above this zone could trigger a stronger upward move. Support Levels: Primary: 5,950 USD. Secondary: 5,900 USD. A break below 5,900 USD could jeopardize the bullish structure and lead to a corrective move. Volume Analysis: During the consolidation phase, declining volume was observed, which is typical for accumulation prior to an impulsive move. A surge in volume upon a breakout above 6,050 USD would confirm the bullish move. 3. Risk Management with ATR (Average True Range) Current ATR (Daily): ~80 points. This indicates that the market currently fluctuates by approximately 80 points per day. ATR-based Stop-Loss Strategy: Place the stop-loss 1x ATR (80 points) below the entry level to provide enough room for market fluctuations. ATR-based Take-Profit Strategy: The first target is set at 2x ATR (160 points) above the entry level, ensuring a favorable risk-reward ratio of 2:1. 4. Trading Setup Long Setup (Bullish Scenario): Entry Point: Above the resistance level of 6,050 USD on a closing basis (Daily or H4). The breakout should be accompanied by increasing volume. Stop-Loss: Place below 5,950 USD or 1x ATR (~80 points below the entry price). Take-Profit: Primary Target: 6,200 USD (2x ATR). Secondary Target: 6,280 USD, if the movement sustains. Risk Management: Risk a maximum of 1–2% of total capital per trade. Calculate position size based on ATR and account size: Example: For a 10,000 USD account with 2% risk (200 USD), the position size is 2.5 CFDs (200 USD risk ÷ 80 USD ATR). Short Setup (Bearish Scenario in Case of Failed Breakout): Entry Point: Below 5,900 USD if the price breaks this level. Confirmation via increased volume. Stop-Loss: Place above 5,950 USD or 1x ATR (~80 points above the entry price). Take-Profit: Primary Target: 5,800 USD. Secondary Target: 5,720 USD. Risk Management: Use the same principles as in the Long Setup (1–2% capital risk, ATR-based position sizing). 5. Explanation and Notes ATR (Average True Range): ATR measures market volatility and is used to set adaptive stop-loss and take-profit levels that accommodate daily price fluctuations. Elliott Wave Theory: This theory identifies impulsive and corrective wave patterns. The current setup suggests we are in a potential final Wave 5, often characterized by strong price moves. Market Structure: Identifying trends (higher highs/lows) and key support/resistance zones are critical for confirming the analysis and planning entries and exits. 6. Risk Disclaimer Disclaimer: Trading financial instruments carries a high level of risk and may not be suitable for all investors. Losses can exceed the invested capital. This analysis is for educational purposes only and does not constitute financial or investment advice. Conduct your own analysis before making trading decisions, and consult a financial advisor if necessary. Copyright © 2024 ChartWiseInsights. All rights reserved.
it will carry its positive momentum in few days soon.