Soon the EURO will shake the dollar's throne. Hold on to your Euros!
BTCUSDT has bounced well from weekly support WS1 and currently heading towards daily resistance DR1 around 87k-88k zone. Once it breaks this, the next target would be weekly resistance WR1 which is the next resistance on its way. This resistance is sitting around 95k-98k zone. I think, the price is eying that zone and in coming days and week we will see the price trading there. However, this WR1 zone would definitely make the price push back on firts hit. But the price will definitely make another go there before either breaking of giving up for a while again. The resistance WR1 will be the only obstacle before the price can hit all time high and beyond again. Therefore, this weekly resistance will not give the way easy as this will be a strong supply zone. But I would not worry much once the price reaches there. This will evnetually signal that we are going beyond ATH and further higher. It would be just a bit of struggle there and some consolidation and some boring price action for a while, and then there will be clear sky.
Long entry at 0,533 USDT with a stop loss at 0,386 USDT. Profit taking: 1,236 USDT, 1,78 USDT and 2,472 USDT.
If price fails this parallel channel, price could fall from 0.00001090 to 0.00000603, if price has an upward price breakout from the 0.00001260 price area, price possibly may go to the 0.000017 area, considering if there is no more sideways movement.
After a thorough analysis of MercadoLibre ( NASDAQ:MELI ) charts on 1M, 1W, and 1D timeframes, here’s a summary covering market context, key levels, trading opportunities, and price phases. Perfect for traders or investors looking for actionable insights. Market Context 1M/1W: Strong bullish trend, with Higher Highs (HH) and Higher Lows (HL). The surge to the ATH ($2374.54) after the February 2025 earnings (+13%) and a post-HL move (+15%) show robust momentum. No clear signs of weakness (increasing volume, no RSI divergences). 1D: Likely in a temporary correction or consolidation within the $1700-$2140 range since August 2024. One Lower High ($2202, $2121) without Lower Lows (LL) suggests no confirmed bearish reversal. Bullish MACD (crossing above signal line) and rising volume (except the last 4 days) hint at a potential bounce. Key Levels Supports: $1700-$1723.90: Equal Low (EqL), Point of Control (POC), Fibonacci 61.8%. $1646-$1660: Pre-ATH low, historical level (2021). $1830-$1870: High Volume Node (HVN). Resistances: $2100-$2140: Equal High (EqH), Order Block ($2000-$2100), HVN ($2060-$2100). $2374.54: ATH. Liquidity: Short stops above $2190, long stops below $1700. A false breakout at $2100 suggests potential manipulation. Trading Opportunities Bullish: Bounce from $1700-$1723.90 targeting $2000-$2100, supported by POC, Fibonacci, bullish MACD, and Fair Value Gap ($1960-$2045) as a magnet. Breakout above $2140 with high volume could target the ATH ($2374.54) or $2400-$2500 (analyst price targets). Bearish: No clear reversal signals (no Change of Character, no bearish divergences). A break below $1700 with high volume might target $1646-$1660. Range: Trade the $1700-$2140 range (buy at support, sell at resistance) until a clear breakout occurs. Strength and Price Phase 1M/1W: In a bullish trend phase (Wyckoff). The -20% pullback post-ATH (linked to Galperin’s $300M share sale) is a correction within the trend. Pre-ATH consolidation supports this phase. 1D: In a lateralization phase (Wyckoff), with the $1700-$2140 range indicating accumulation or distribution, pending confirmation. The false breakout at $2100 suggests manipulation to sweep stops. Additional Notes Fundamentals: $5.8B investment in Brazil and $2.6B in Argentina (2025) bolster growth. Analysts (Cantor, Benchmark) target $2400-$2500, but Trump’s trade tariffs could add volatility. Technical: Monitor volume on breakouts ($2140) or breakdowns ($1700), MACD (1D), and RSI (overbought at ATH, neutral now). Volume Profile (POC $1700, HVN $2000) and Order Blocks ($2000-$2100) are critical. Suggestions: Consider lower timeframes (4H) for precise entries. Indicators like Stochastic RSI or Bollinger Bands could complement the analysis. Conclusion: NASDAQ:MELI displays a robust bullish trend on higher timeframes, with a manageable consolidation on 1D. Supports ($1700-$1723.90) are strong, and signals (MACD, FVG, volume) point to a bounce or bullish breakout. Great for swing trading the range or going long on a $2140 break. Watch out for macro volatility! What do you think? Anyone trading NASDAQ:MELI or have more insights to share? **Disclaimer: This is not financial advice. Always trade responsibly.**
Currently, the BTC market is clearly in a sideways trend ?, with the price fluctuating between 83,000 and 86,000, offering trading opportunities ?. Here’s the analysis: ? Market data shows that the BTC price has been repeatedly supported around 83,000 recently ?. Last week, when it hit this level, trading volume spiked, signaling strong buying. The KDJ indicator shows oversold conditions, hinting at a potential short - term rebound ?. However, 86,000 is a tough resistance. Multiple breakout attempts failed, and selling pressure grows near this level ?. Per the Bollinger Bands, 86,000 is close to the upper band, likely triggering a pullback⬇️ Moving Average System: The 5-day moving average and the 10-day moving average are intertwined, just like an entangled rope ?, unable to clearly indicate the trend direction. Their repeated crossovers fully demonstrate that the market is in a state of disorderly fluctuations. ? ??? BTCUSD??? ? Sell@85500 - 85000 ? TP 84000 - 83000 Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! ? ?The accuracy rate of our daily signals has remained above 98% within a month! ? We sincerely welcome you to join our channel and share in the success with us! ?
Not much action due to the extended market break and Easter weekend but I expect more USD selling across the board in the coming weeks ahead. Long positions are sitting tight but two areas I am keeping an eye on are 1.1200 as a base support and 1.1500 as the resistance hurdle we need to clear in order to open up the gates to 1.2000+ GBP/USD is still a bullish case for me as the short term resistance may be cracking and I'm still expecting for the JPY to advance against the USD. It's good to get a break from the market volatility but I surely expect it to resume in the coming week! Good Luck & Trade Safe!
15M sell trade for BTC a small time frame, short for BTC with RR of 1:2.3 if it plays out.
The gold market has recently demonstrated a textbook-perfect deep V - shaped reversal ?, underscoring the dominant strength of bullish forces in the battle between bulls and bears. The K - line rapidly plunged to an intraday low of 3,283, a move that tested the lower band of the daily Bollinger Bands and triggered a technical oversold signal ⚠️. However, bullish capital swiftly entered the market ?. Supported by a notable surge in trading volume, a robust bullish candlestick with a substantial 47 - point body emerged, powerfully driving the gold price to recoup all losses and breach the crucial resistance level of 3,330 ?. This movement not only validated the effectiveness of the previous upward - trending channel but also signaled that bulls have firmly taken control of the short - term market dynamics. From a technical analysis perspective, the four - hour K - line chart exhibits a highly bullish alignment ?. Following the pullback and subsequent rebound, the K - line closed as a solid bullish candlestick with a long lower shadow, forming a classic "golden needle probing the bottom" bullish pattern ?. The consecutive bullish candlestick formations, combined with the continuous divergence of the MACD lines above the zero - axis and the RSI indicator stabilizing in the bullish zone above 60, all indicate an abundant supply of bullish momentum in the current market ?. Looking ahead to next week, against the backdrop of continuously dovish expectations for the Federal Reserve's monetary policy and escalating geopolitical risks ?, the allocation value of gold as a safe - haven asset is set to further increase. Based on Fibonacci extension analysis, the round - number level of 3,400 will be the next major target for the bulls ?. This level serves as both an extended resistance from previous highs and a significant psychological barrier. In terms of trading strategies, investors are advised to closely monitor the effectiveness of the support level at 3,300 ?️. If the price retraces to this area and forms signs of stabilization, consider entering long positions in tranches, with stop - losses set below 3,280. The initial target price can be set at 3,360, and if this level is breached, the focus can be shifted to the key resistance at 3,400. It is essential to manage position sizes carefully to safeguard against sudden market fluctuations ?️. ??? XAUUSD??? ? Buy@3320 - 3330 ? TP 3360 - 3380 Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! ? ?The accuracy rate of our daily signals has remained above 98% within a month! ? We sincerely welcome you to join our channel and share in the success with us! ?
Tips on how I will execute the market this following week exactly what I'm looking for before entering trade.