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GBPUSD Sustained SellsGU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to do so. That being said, GU is currently in consolidation right now after just breaking out of a previous consolidation. When we look at what GU has been doing over the past few weeks it also shows heavy bearish momentum If you even look at the peak one might even say that price stop hunted high to get rid of sellers who had stops higher, but I'm not quite sure so I won't use that as a confluence within this particular analysis. This is what I see, price stumbling within the consolidation a bit more and then pushing up to about this level or so to get rid of sellers stops within both the consolidation areas and then drop after that. My reason for using this particular path is simple. I think the dealer wants to get rid of sellers but he can't drive price so high such that he gives new sellers a better opportunity - if price goes any higher he may give sellers the signal they are looking for to get in which invalidates the dealer's move. If price gets up to the level highlighted by the blue marker sells are probably off the table temporarily.
Short
by Brandon_evo4
is HMSTR booming?????hi everyone, I'm MSNP and today we want to talk about GATEIO:HMSTRUSDT , please follow me and support this idea after a down trend HMSTR showing potential (26% today) we had a trend line that you can see here: and a BO above it. so, what's we excepted for future? 1. in first place we need a prove and confirmation of starting new trend, so we need a bull candle above EMA. 2. we need a pullback: after this down trend (68%), after BO we need a pullback, the pullback area is marked with blue line that you can see here: 3. after pulling back and testing the bottom successfully we need to see more power from bulls, 2,3 good bull bar would be nice and after two bull bars that close on top you can buy above them for a swing 4. target is marked in chart with sky blue line that you can see here: 5. the road that i expect from HMSTR is here: thank you for reading, ask any questions and i will be there for you
Long
by imMsnP
2
BTC Sustained BuysBtc has shifted into a state of consolidation which suggests that some profit taking is occurring right now. BUT This also means that orders are being acquired - as this is one of the main purposes and causes of what we see as consolidation. Traders becoming interested in both buys and sells at the same time. In hopes that it would actually either buy or sell. I can see a reality in which a trader can make a case for both buys and sells here although if I am being honest. Buys definitely make more sense to me. As the momentum is clearly bullish and this consolidation is simply a way for the market to capture some liquidity so that it can continue with what is has been doing all along. Another reason I believe that buys make more sense is because if we look at the green zone (Where price seemingly reversed) we can say that in fact in didn't reverse as if it did it would have not only dropped much further, quicker but it would not be floating at such a high price just after a "would be" reversal. Remember the purpose of a reversal is to get rid of traders who were following the trend all the time, which means it needs to happen quickly or else the market risks those same traders catching on to the trick (manipulation). I believe the green line is plausible for BTC's next move. Take out buyers below this current consolidation and then continue bullish from here - most likely beyond the high (green zone)
COINBASE:BTCUSDLong
by Brandon_evo4
USOIL Will Grow! Buy! Take a look at our analysis for USOIL. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 68.870. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 70.475 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
BLACKBULL:WTILong
by SignalProvider
1
NZDCAD Will Go Up From Support! Long! Here is our detailed technical review for NZDCAD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.820. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USD/JPY Near Key Resistance – Potential Pullback AheadUSD/JPY is currently moving within a rising wedge pattern, nearing a critical resistance level around 156.5. Recent price action suggests the pair is on an upward trajectory, but a potential pullback towards the support zone between 154 and 155 could occur before any further rally. Technical indicators hint at consolidation as the price approaches resistance, indicating that buyers may face challenges in sustaining the momentum. Traders are closely watching this area; a breakout above 156.5 could pave the way for additional gains, while a drop below the support zone may lead to a more extended correction. This level will be crucial for USD/JPY’s short-term outlook, as a decisive move in either direction could define the upcoming trend.
by Mr_Siro
EURNZD Will Go Higher From Support! Long! Please, check our technical outlook for EURNZD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.785. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.790 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
ETH Gearing Up for $4,000?The ETHUSDT chart shows a potential bullish scenario, with Ethereum forming a rounded bottom pattern on the daily timeframe. Currently trading around $3,333, ETH has rebounded significantly from its previous lows, indicating a strong upward momentum. Key Points to Consider: Rounded Bottom Formation: This pattern typically suggests a reversal of the downtrend, hinting at a possible sustained upward movement if the formation completes. Fibonacci Levels: The chart marks key Fibonacci retracement levels, which could act as future support or resistance. The target at the 1.618 Fibonacci extension is around $4,008, suggesting a potential upside if ETH breaks through resistance levels. Resistance at $4,000: The area around the $4,000 mark could pose significant resistance, which aligns with the completion of the rounded bottom. Breaking through this level might signal a stronger bullish continuation. Potential Strategy: Traders might consider looking for a breakout above the $3,386 level as an entry point, with an initial target near $4,000. However, a failure to hold above key support levels could indicate a reversal, so close monitoring is advised.
Long
by Sanhara
Bitcoin Eyes $100K – Next Stop in the Bull Run?Currently, Bitcoin is trading within a strong upward trend, breaking past previous resistance zones. If the price holds above the $73,829 level (the 1 Fibonacci level), it suggests a clear path toward the next Fibonacci extension at the 1.618 level, around $103,898. The structure on the chart shows a steady formation with higher lows and recent bullish momentum. The area around $73,829 serves as a critical support level, and any retracement toward this level could present a buying opportunity for further upward movement. Should Bitcoin continue to gain momentum, a push toward the psychological $100,000 mark could be within reach, potentially marking a historic level for BTC traders and investors.
Long
by Sanhara