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Wave Analysis

GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls. Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend. From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268. Happy trading, and feel free to share your thoughts with me!
Short
by Pierce_Bowers
EURAD 100PIP TKAE PROFIT Support and Resistance Zones Check for recent support or resistance levels. If EUR/CAD is close to a significant resistance and your take-profit target lies just below it, this could indicate a high-probability area for price reversal. A large stop loss (320 pips) may indicate potential volatility. Ensure that this stop is placed below a strong support zone to avoid unnecessary loss on sudden market moves. 2. Market Sentiment and Fundamental Drivers EUR/CAD is heavily influenced by factors such as the European Central Bank (ECB) and Bank of Canada (BoC) monetary policies, as well as commodity prices, particularly oil. Recent EUR or CAD economic data (e.g., inflation reports, interest rate decisions) could give insight into the market’s bias and help determine if a 100-pip target is achievable.
Short
by LORDOFTHETRADERS
2
Gold overall trend analysis and trading advice!!The upper short-term focus is on the 2800-2810 resistance range The lower short-term focus is on the 2758-2763 support range The current gold price continues the bullish trend. Yesterday, it rose from 2740 to 2775, and the daily line closed with a real positive line, showing strong upward momentum. Today, gold continued its upward momentum and tested the 2800 line resistance. If the price successfully breaks through this point, the upper target will further point to the 2815-2820 area, which is the top position of the current upward channel. Daily chart: Gold maintains a strong upward trend in the upward channel, and the price rises along the upper track of the channel, showing a stable bullish structure. The daily pattern continues to be strong, and the 2800 line is a short-term key resistance area. If this position is broken, the subsequent upward space is expected to extend to 2815-2820. 4-hour chart: Gold broke through the triangle convergence range and formed a bullish arrangement, and it continues to move upward. However, as the price gradually climbed, the momentum indicator showed that the bullish force was slightly weakened, and the price upward rhythm slowed down. 1-hour chart: The hourly chart shows that after the price rose to 2770, it entered a slow upward trend. The overall structure is still bullish, but there are signs of reduced short-term momentum. In summary, the overall trend of gold is strong, and the bullish structure remains unchanged. In terms of operation ideas, it is recommended to do more at low levels after the correction, pay attention to the upper resistance of 2800 and the test of the 2815-2820 area, to ensure follow-up and reduce the risk of correction caused by shrinking momentum.
OANDA:XAUUSDLong
by Elizabeth-Dreaming
LSK is near BullRunLSK has had an A wave that ended and is now in a B wave. Wave B looks like a triangle, which we are now in the last wave (wave E). From the green range, we expect bullish movement towards TPs. TPs are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
CRYPTO:LSKUSD
by behdark
3
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2739 Four-hour resistance 2800, support below 2772 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. BUY:2772near SL:2769 BUY:2750near SL:2747 BUY:2740near SL:2737 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside. Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
TVC:GOLDShort
by goldsnipertrades
MLN-USDT Starting From the Big Frame Weekly: accumulation for 864 days Daily Frame: falling wedge patterns were detected with a trend breakout, and we can see previously when the same patterns have taken place how the price reacts, a good Volume has been dictated at the beginning of the month with high-volatility candles Multiple retests to the resistance at 18 will lead to a break eventually + the way how the price reacts at the support 14 is good, TP1- 18 TP2- 22 TP3- 32
Long
by moussadz
Fantom (FTM): buy the dip Daily Chart Elliott Waves: The structure shows a wave model, including corrective patterns like "expanded flat" and "simple zigzag." This indicates that the current trend is completing one phase and preparing for a potential continuation of upward movement. The fifth wave impulse is likely to complete in the target zone (marked on the chart), corresponding to the 0.618 and 0.382 Fibonacci levels. Target Levels: The 0.618 Fibonacci target suggests a potential end for the fifth wave. This level, around $0.8-0.85, could act as strong resistance if the upward trend continues. Volumes: Significant volumes in the final stages of the downtrend indicate potential interest from large players, which could support the price above key support levels. Hourly Chart Buy Zone: The area between the 0.382 and 0.618 Fibonacci levels is marked as a buy zone. This is a key area where position accumulation is expected for a possible bounce. Cluster analysis and volume levels in this zone suggest a high probability of support from buyers. Trend Lines and Support: The upward trend marked by the channel suggests further growth after the completion of the corrective wave. The strong support level around $0.67 aligns with the lower boundary of the buy zone and could act as a launch point for further upward movement. Here's a fundamental analysis of the Fantom (FTM) token, examining its technology, team, tokenomics, partnerships, and growth potential. 1. Technology * Lachesis Consensus Algorithm: This unique protocol, based on asynchronous Byzantine Fault Tolerance (aBFT), makes Fantom one of the fastest and most scalable networks. It can handle thousands of transactions per second with near-instant finality and low fees, making it well-suited for DeFi and other high-throughput applications. * Ethereum Compatibility: Fantom supports Ethereum-compatible smart contracts (EVM), making it easier for developers to migrate applications from Ethereum, enhancing accessibility for both developers and users. 2. Team and Partnerships * Team: The Fantom Foundation was established with the goal of creating a high-speed, scalable blockchain. The team remains actively involved in improving the platform and expanding its ecosystem, which builds investor and user trust. * Partnerships: Fantom has established partnerships with major blockchain projects and DeFi platforms, including Yearn Finance and Curve Finance, and has collaborated with some government bodies. These partnerships strengthen its reputation as a reliable infrastructural platform. 3. Tokenomics * FTM Token: The FTM token powers the Fantom ecosystem, used for staking, network security, transaction fees, and governance. Users can earn rewards by staking FTM, encouraging engagement and participation in the network. * Max Supply: With a maximum supply of 3,175,000,000 FTM, the token is limited, which theoretically supports scarcity as demand grows. * Distribution: A portion of FTM tokens is allocated for ecosystem development, staking rewards, and team support, ensuring the project’s long-term sustainability. 4. Ecosystem and DeFi * DeFi and dApps: Fantom actively supports decentralized applications and DeFi projects, hosting various exchanges, lending platforms, and other DeFi services. This boosts user adoption and increases demand for the FTM token. * TVL (Total Value Locked): High TVL on Fantom indicates strong user participation within the ecosystem, a key indicator of trust in the platform and its functionality. 5. Opportunities and Risks * Growth Opportunities: High speed, low fees, and active ecosystem support make Fantom attractive for DeFi and other applications. The limited supply of FTM may support its value in the long term, especially with increasing usage. * Risks: Key risks include competition from other blockchain platforms (e.g., Solana, Avalanche, Ethereum) and the relatively young Lachesis technology, which has yet to prove its resilience over time. Conclusion Fantom (FTM) is a promising blockchain project with a strong ecosystem, efficient technology, and an active team. However, like any project, it faces challenges from competition and technological risks. BINANCE:FTMUSD CRYPTO:FTMUSD BYBIT:FTMUSDT OKX:FTMUSDT
Long
by shakatrade1_618
Frankly !!Finally, Bitcoin managed to go above the cup and handle resistance in the weekly timeframe, but it hasn't fully broken it yet. We need to wait for the weekly candle to close above this resistance. If that happens, we can anticipate the biggest rally in Bitcoin's history. That's it!!! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148SELL GBPCAD for bullish trend reversal STOP LOSS : 1.8148 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX