BINANCE:ALGOUSDT Over the next two weeks, ALGO/USDT sits in a broad range after recovering from its ~0.28 low. On the upside, it faces resistance near 0.40–0.45, where previous selling pressure emerged. If buyers maintain momentum through the holiday season, price could challenge these higher levels. However, thin holiday liquidity and quick sentiment shifts could cause price swings in either direction. A pullback to the mid‐0.30s or even a retest of recent support around 0.32 remains possible if trading volume dries up or if market sentiment weakens. During Christmas and New Year, cryptocurrencies sometimes see reduced trading activity, which may lead to sporadic volatility. If year‐end optimism drives additional buying, ALGO could gradually edge higher. Conversely, a lack of participation or profit‐taking near year’s end could weigh on price. I personally will keep watch on daily closes around key pivot zones (like 0.35 or 0.40) can help gauge if ALGO’s trend is shifting. As always, it is wise to stay alert for sudden spikes and potential breakouts when trading activity resumes in full force after the holidays.
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) remains steady near $2,610 in the early Asian session on Tuesday, with trading subdued as markets anticipate a quieter pace ahead of the holiday week. Investors are keeping an eye on the US Richmond Fed Manufacturing Index for December, set to be released later in the day. ⭐️Personal comments NOVA: Gold sideways in 2 H1 trendlines - downtrend is dominant. At the end of the year, there will be a lack of trading liquidity, not many big fluctuations. ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $2627 - $2629 SL $2634 TP1: $2620 TP2: $2610 TP3: $2600 ?BUY GOLD zone: $2604 - $2602 SL $2597 TP1: $2610 TP2: $2618 TP3: $2627 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Possible Bear Flag, Break of the channel can lead to testing levels below 2000
GOLD has been trading in a slightly wide range, and the timing of it has been quite difficult, I feel. From technical perspective, it seems building a case for up move by stochastic, and especially nearing the GANN resistance at $ 2,645, which I think may break upwards en route $ 2,700 again. Strategy BUY @ $ 2,600-2,620 and take profit near $ 2,697 for now.
- Need to break large 595 (Volume) for it to go higher (MY ENTRY) - Profit Target: 600 Wall (Which I expect to Build wall). - SL 593 (Supporting Zone Volume) - I expect this to hit 600 tomorrow or the next following business week (Besides 25th).
Day swing is bullish => Currently is pullback The internal structure gives bullish reversal signal. We can look for buying opportunities in this demand zone to invest
The regression analysis is a useful tool to depict ranges, and outliers. We are currently dealing with an outlier, and this must be corrected over time. The RSI is extremely oversold and requires corrective action. Strategy BUY @ 0.6220-0.6250 range and take profit near 0.6390 for now or higher.
SOL as showed its TPO looks weak. purple line and red line is the mean deviation for if it goes up, else looks weak.
Hello, dear friends! Let’s discuss and strategize today's gold trading opportunities with Ben! As predicted yesterday, gold prices dropped to $2,608, delivering a profit of approximately 200 pips. This decline was driven by pressure from Wall Street’s underperformance, which bolstered the strength of the US Dollar and Treasury yields. Investors are now eagerly awaiting clearer signals about the Federal Reserve’s monetary policy for 2025. In reaction to these developments, the US Dollar Index rose by 0.4%, hovering near its highest level in over two years. This diminished gold's appeal for holders of other currencies. Additionally, the yield on 10-year US Treasury bonds increased, adding further weight to gold prices. Looking ahead, the market remains focused on the outcomes of last week's Federal Open Market Committee (FOMC) meeting. A more gradual rate hike trajectory for 2025 is currently under discussion, with speculation that the Federal Reserve may pause interest rate changes in January or March. From a theoretical perspective, in the face of a strong US Dollar, gold has limited upside potential. If sellers maintain resistance below $2,620 and push to break the support level, the pair could target $2,587 in the medium term. Best regards, Bentradegold!
BinanceUSDT is finding strong support at the trendline and the 100 EMA, acting as dynamic support. The price shows strong potential to break the nearest resistance and aim for a new ATH. Monitor it closely for upcoming moves, and don’t forget to follow us for more updates.