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Trend Analysis

TradeCityPro | USDCAD : Divergence Signals and Key Levels👋Welcome to TradeCityPro! In this analysis, I will examine the USDCAD pair from the forex market. The analysis is conducted on the daily timeframe. ⏳ Daily Timeframe: Resistance and Potential Reversal In the daily timeframe, we observe a range (box) between 1.32179 (support) and 1.38632 (resistance) that was recently broken. Currently, the price has reached the 1.40777 resistance level. ✨ A noticeable divergence is present in the RSI oscillator, with a trigger for this divergence being the break below the 55.94 level on the RSI. If this trigger is activated, the price could enter a correction phase. 📈 At the moment, after breaking out of the 1.38632 level and retesting it as support, the price is consolidating below the 1.40777 resistance. If this resistance is broken, the next target will be 1.43824. 🔽 However, if the RSI divergence is activated, a deeper correction may occur. In that case, the price could re-enter the range, with the first support at 1.36023 and the second support at the range's bottom, 1.32179. 💼 Considering the weakening momentum seen in the candles and the divergence signals, the likelihood of a correction is increasing. However, I personally prefer to wait for confirmation from the price to better identify future trends. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
$XRP Where are we?Following previous cycles is a tool many use to understand which direction a particular asset is going, amongst other indicators. note: Past performance does not predict future events However, Bitcoin has showed us every year during and after the halving, it has had significant effects on the psychology of the holders and traders, leading to particular market decisions. Using what we know about previous market behaviors can lead us to be confident in our trading decisions. One indicator we should always look at is the 24 hour volume, RSI, and moving averages. One indication should not move you to make a decision, but many indicators should give you the confidence to make a trade. Looking at fractals ( Patterns) can be extremely valuable, not because they are guaranteed to repeat, but because traders use them to build confidence in their trading decisions. Looking at XRP's previous cycle starting in 2014 and ending 2017, we can see a very similar effect taking place currently starting from the beginning of 2018 until today. This does not mean that XRP will repeat this performance. Yet it is another indicator to use to give you the trader confidence in your trade. If XRP repeats its past performance we may see an astronomical increase in price in the coming months. That is a big IF. Another economist named Richard Wycoff, is known for his method of trading different stages in an assets performance. Distribution vs accumulation. View his charts on Google to get a better understanding of the stages. This post should not be taken as financial advice, but just something to think about. Good luck to those in this market, do not gamble, do not be greedy, take care of your families.
BITSTAMP:XRPUSDLong
by Internetmoneyclub
4
30-mins EUR/USD: Bullish Recovery Since Last Week's LowThe EUR/USD has surged nearly 300 pips since last week, marking a significant move after months of a prevailing downtrend. This fresh bullish momentum may signal the beginning of a potential trend reversal. For short-term traders, this rise presents an opportunity, as buyers currently dominate the market. Adding to the optimism, a Golden Cross—a widely recognized bullish indicator—has appeared, where the short-term moving average crosses above the long-term moving average, signaling strong buying momentum. Additionally, the pair experienced a minor pullback, briefly testing the 23% Fibonacci retracement level. Traders looking to optimize entry points and achieve a better risk-to-reward ratio might consider waiting for another dip closer to the 38% Fibonacci retracement level, near 1.0540. This could provide a more favorable position to capitalize on the pair’s upward momentum. However, maintaining a cautious approach and monitoring key levels is crucial as the market evolves.
Long
by Trendsharks
1
EURUSD Early December Plan" The price has to come down below the month's opening and clear early buyers." Explanation: For the market to show signs of a bearish move or a retracement, the price must dip below the opening level of the current month. This would likely "clear" or trigger stop-losses for traders who entered early in the month, especially those with bullish positions. If the price moves below this level, it could signal a shift in market sentiment. " Early December news & NFP can be a great catalyst so far." Explanation: Economic news, particularly Non-Farm Payrolls (NFP), can act as a catalyst for significant price movement. If the data from NFP or other relevant December news surprises the market, it could push EUR/USD lower, especially if the U.S. economy shows strength (e.g., higher-than-expected job growth). These events can amplify the move below the monthly opening level, leading to a deeper retracement. " The crucial thing is that it is almost a yearly closure and we can see the price to retrace." Explanation: As the year-end approaches, many traders and investors start to adjust their positions, taking profits or reducing risk exposure before the year's close. This often leads to retracements in price as the market may "correct" after a strong trend. A retracement could also occur due to profit-taking before the new year, especially if the market has been in a strong trend for most of the year. " Looking for handsome buys." Explanation: Despite the short-term bearish outlook or retracement, the overall sentiment seems to be preparing for a buying opportunity. Once the price pulls back (likely after clearing the early buyers and showing signs of a deeper retracement), this could be an excellent entry point for longer-term buyers. The expectation is that after the retracement, the price will reverse and move higher, giving traders a good buying opportunity.
Long
by NoumanAhmad
REN, exhibiting a pepe-like pre-massive surge behavior. SEED!REN, is exhibiting some similar pre-massive-surge PEPE metrics based on its recent price behavior. This just means that we may see some exponential rise ahead in the next coming days. This has waterfalled heavily from its peak glory after reaching a parabolic high of 1.8 to being pulled down weightily to extreme 0.030 levels. Now, a long term shift has been registered based on recent metrics, and its a massive shift. The consolidation has lasted for 2 years. Its been deprived for far too long. But signs of awakening is being felt the last few days. I have published PEPE before its multiple x era -- and this is exhibiting the same characteristics. The current price range is an ideal seeding opportunity. Spotted at 0.050 Target 10x and beyond. TAYOR. Trade with safety always.
Long
by JSAL
Herding Cats and Meme Coin Locusts Swarm - Porky’s MEWUSD PlanFor many seasons, Porky 's land was a place of peace—green fields, sturdy crops, and a steady rhythm of work. The animals roamed free, the air was fresh, and life was simple. But then, something strange began to stir. A hum filled the air, soft at first, but growing louder with each passing moment. It was a sound that didn’t belong—a restless, erratic hum, like the flapping of a thousand wings. And then, Porky saw them: a swarm of meme coin locusts! 🐾 The TikTok Land Invasion 🌾 They came beyond the fields of honest toil and well-tilled soil. From a wicked land of legends known only in hushed whispers as TikTok Land—where the rivers flow backward, carrying away memories of good, wholesome labor. Those who enter, they say, become hollow-eyed husks, consumed by a void of endless scrolling and aimless shuffling. The more the locusts buzzed, the more they clouded the minds of those around, drawing attention away from steady work. Fueled by no logic or purpose, they blanket the fields with a maddening hum of speculation. Porky snorts at the chaos. “Not my crops, you little buggers,” he grumbles, shaking his snout. Turning the Swarm into Opportunity 💰 He knew there was a way to turn this swarm into something useful, even if it meant learning to work with the madness for a time. “If you can’t swat the swarm, ride the rhythm,” he says, grinning. By trading these meme coins with the same mindless rhythm as the crowds who follow them, Porky grabs small nibbles of profit before the swarm moves on. “They’ll get bored soon enough,” he explains. “Once the buzz dies down, they’ll scuttle off to some other poor sap’s field, chasing shinier nonsense.” Porky calls it a win-win. The meme coin swarm gets their brief moment of frenzy, and Porky? Well, he walks away with his crops untouched and a little something extra in his trough. “It’s all about working with what the land gives you,” he says with a wink. “Even if the land happens to be TikTok’s blasted swamp.” No Land for Undercat 🐱 Porky leans on the fence, watching MEWUSD strut through the field. It’s a meme coin, sure, but there’s something different about this one. It’s a pest, like the rest, buzzing around with no real purpose other than to feed off the next shiny hype. It’s not easy being a cat in a world full of barking, vicious dogs. They’ll snap at anything that moves, and MEW’s clearly walking a fine line. But no need to worry about this one. MEW’s got claws—and a bit of swagger to go with them. It walks its own path, unbothered by the noise, waiting to be found by the mad crowd chasing after the next meme coin that makes them instant millionaires. So, while Porky won’t pretend he’s gonna cozy up to MEW, he knows one thing: this cat’s no pushover. Porky’s ready to take a nibble of the madness, just before MEW flies off to the next craze. Why This Trade Could Be Worth Considering 🧐 Porky’s been watching the market closely, and the current structure seems to favor a bit of upward momentum. While nothing’s certain, the daily chart and overall market sentiment suggest there might be buying pressure building. Here’s Porky’s approach: First, he’ll be keeping an eye on the 0.0103 level. If MEWUSD manages to clear this, it could be a sign that the bullish momentum is starting to gain some traction. Next, passing 0.0106 is another level Porky wants to see tested. This could indicate the formation of a rounding bottom pattern, suggesting price might be ready to move upward. Ideal entry point: Porky’s watching 0.0107 closely. It could be a solid entry if momentum starts picking up, and it’s a good place to catch the move before MEWUSD tests those previous lower highs. Target: Porky’s keeping an eye on 0.0115 as a potential target. That’s where the next level of resistance might come into play, and he’ll be ready to reassess if the price hits it. Porky’s not rushing into this, but if the price clears these key levels, he might just take a shot at riding the trend. Let’s see how it plays out! Entry: 0.0107 Stop Loss: 0.0101 Target: 0.0115 Happy trading! 🐷
Long
by FarmerPorky
MEME/USDTThis chart presents a detailed analysis using Fibonacci levels, a potential Elliott Wave structure, and the possibility of an inverted Head and Shoulders (H&S) pattern. Based on the provided details, here’s a breakdown: 1. Fibonacci Levels: 0.236 (0.01044), 0.382 (0.01291), and 0.618 (0.01310) serve as significant support and resistance zones. 1.618 (0.02436) and 2.618 (0.03443) are marked as potential target levels. If the price continues an upward trend, these levels could act as resistance zones. 2. Elliott Wave Analysis: A 5-wave Elliott impulsive structure seems to be completed. If this analysis holds, the price might now enter a corrective wave or initiate another upward trend. The (5) point is highlighted as the potential completion of the upward movement. 3. Potential Movement Scenarios: Bullish Scenario: The price could rise to the 0.02690 level, indicating a continuation of the upward trend from major support. Bearish Scenario: The price may pull back toward the Fibonacci 0.618 or 0.5 levels (e.g., around 0.01310), suggesting a corrective phase. 4. Chart Patterns: Inverted Head and Shoulders (H&S): The curved structure shown suggests a potential bullish reversal if the pattern completes. The "?" mark indicates a decision zone where the price is likely determining its next direction. Summary and Evaluation: Support Levels: 0.01310 (Fibonacci 0.618), 0.01044 (Fibonacci 0.236). Resistance Levels: 0.01813, 0.02436, 0.03443. The price is currently at a critical zone and may react to these levels before choosing its direction. Based on this analysis, it's essential to monitor whether the resistances break or supports are retested. Additionally, always use stop-loss orders to manage risk effectively, aligning with your trading strategy. 😊
by aydinbirc
2
DOGE/USDT Long Setup: Breakout and Trend ContinuationThis trade setup for DOGE/USDT highlights a bullish continuation opportunity. The price is consolidating above the key support level, with Ichimoku indicators signaling an ongoing uptrend. A breakout above the recent high supports the bullish bias, targeting the resistance zone near $0.6990. The stop-loss is set below $0.3560, ensuring risk is managed effectively. This setup aligns with the overall market structure, indicating strong momentum and trend continuation potential.
Long
by aaronkaltman
$ XRP next buy zone - SUPPORT between U$ 1,68 ~ U$ 1,64In approximately 21 days, Ripple's token ( CRYPTOCAP:XRP ) appreciated by about 300%, and with rumors of billion-dollar investments by Elon Musk in the blockchain, the asset still shows significant investment potential, despite the imminent short-term correction ahead. Check out my suggestions for the next support levels of the asset based on the pattern formed on the 1-hour chart. The sell signals on the chart were generated by my own market analysis robot. Contact me for more information on how to obtain this robot.
Long
by MatheusIotti
BTC-USD The rumors of my demise have been exaggerated.I'm back! Long-term - BTC-USD TA Elliot Wave for illustration purposes only, I have no idea how EW works. :-P I'm up late, happen to have been watching and decided I needed to come to the computer to chart this out. It appears we're driving to break $30k and may do it soon. I've been waiting for a $29,500 target for about a week now with a pending sell order in to take some profit. Not sure it will hit, but after doing some analysis, it might. Thinking about all the bank issues and the news lands on Fridays the last few weeks. Nothing solid, but thinking that mid-week may be the new norm for upward trends, then a tapering off over the weekends. Lets see what happens. Target $270k by Valentines day 2025, based on the prior rally where we broke through the Ichimoku cloud in 2019. Breaking through the Ichimoku resistance requires entering in the side of the cloud, so we come rushing out of the top, then ride the support for some time, before we continue the long-term bull trend to the new All Time High of $270k, which could happen just before Christmas 2025. AI advancements should be noted here, they may lead to major shifts in the marketplace worldwide in the next 18 months or so.
BITSTAMP:BTCUSDLong
by Tin.Foil
3
DOGE Is Not Done.. YetDOGE is setting up for another potential move, and the blue box on the chart marks a demand zone that could act as the launchpad. Despite recent market turbulence, DOGE’s story isn’t over yet—it’s merely finding its footing for the next leg up. Here’s why this zone is worth your attention: Why the Blue Box is Critical: Established Support Zone: Historically, DOGE has bounced from similar levels, with buyers stepping in to reverse bearish trends. This blue box marks an area where demand has consistently outweighed supply. Volume Backing: A significant cluster of trading volume at this level indicates strong interest from both institutional and retail players, making it a pivotal price point. Momentum Reset: After a cooldown phase, DOGE appears to be consolidating near this zone, potentially gathering strength for another move. Fibonacci Sweet Spot: The demand zone aligns with key retracement levels, further validating it as a prime area for a bullish reversal. How to Approach This Setup: Wait for Confirmation: Look for signs of strength within the blue box, such as bullish candlestick patterns, volume surges, or momentum divergences. Manage Risk: Place stop-loss orders just below the zone to protect against potential downside while keeping your risk limited. Profit Targets: Identify nearby resistance levels or Fibonacci extensions to plan your take-profit strategy. DOGE Isn’t Done Yet: Don’t underestimate the power of community-driven momentum and DOGE’s historical tendency to surprise. This blue box represents more than just a technical level; it’s a battleground for DOGE believers who think the rally isn’t over. If the demand zone holds, DOGE could be gearing up to prove that the hype isn’t history—it’s just getting started. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Hits 🐶 DOGEUSDT.P | 4 Reward for 1 Risk (or more if you’re bold). DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P | HTF Sniper Precision RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P | Buyer Zone So Accurate You’ll Double Check ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P | Buyer Zone Mastery (CZ vibes). BNBUSDT.P: Potential Surge 📊 Bitcoin Dominance | Called it Like a Pro BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P | The Blue Box: A Demand Zone with Potential WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P | Long-Term Trade UNIUSDT.P: Long-Term Trade Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. 😉
Long
by XU99