TOTAL3 - UniverseMetta - Analysis#TOTAL3 - UniverseMetta - Analysis
After reaching $1.16T, the chart formed a second peak, followed by a retest that completed a three-wave structure. The first target of the pattern has already been achieved. The next targets are $791.16B, with a worst-case scenario of $564.76B. However, the channel is still forming, and the price could remain within it.
Historical analysis of year-end movements for major assets (BTC, ETH, SOL, etc.) indicates that prices often stay in a corrective phase (ABC structure) until the end of December, followed by growth. This is not financial advice, but rather an observation of past trends.
Target levels: $791.16B - $564.76B
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BTC\USD Ascending Broadening Wedge FALL ALERTIn this idea we have a ascending broadening wedge On Bitcoin that really matches the behavior we have witnessed recently. I did my best to project the targets we should see as we break out to the downside assuming that is how this moves. Maybe it will maybe it won't. Only time will tell. Good luck to everyone and much love- ND
Ps-If you look at the formation in smaller frames where we are now you will see the exact formation that is towards the end of the example.
SOLUSDT - UniverseMetta - Analysis#SOLUSDT - UniverseMetta - Analysis
After reaching its ATH, the price has formed a descending channel and corrected by more than 50% from the previous impulse. Has the correction ended? Currently, the price is testing a support level, which might lead to a bounce back into the channel. Monitoring potential entry points for long positions is essential. If the decline continues, the next targets are $171.60 and $152.01.
Target levels: $171.60 - $124.99
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
After reaching its all-time high (ATH) of $108,300, the price has remained in a prolonged bullish trend. Currently, there are signs that the 5th wave of the global trend may have completed its formation. The price exiting the ascending channel suggests the beginning of an ABC corrective structure. Key support levels are at $91,000 and $85,000, where portfolio allocation can potentially be increased.
Target levels: $91,000 - $71,000
Possible Wave Counts of RELIANCE : Near to Bottom ?Reliance Industries Technical Analysis based on Elliott Wave Counts (Possible)
Chart: The analysis is based on a 2-hourly timeframe chart of Reliance Industries (RELIANCE).
Elliott Wave Theory: The analysis utilizes Elliott Wave Theory, which suggests that market prices move in repetitive patterns called waves. These patterns consist of impulsive waves (numbered 1-5) that move in the direction of the main trend and corrective waves (labeled A-B-C) that move against the main trend.
Possible Wave Counts:
Overall Trend: The chart suggests a potential overall uptrend, with the analysis focusing on a smaller degree wave structure within this larger trend.
Impulsive Waves: The chart highlights several impulsive waves (1-5) of varying degrees, indicating periods of strong price movement in the direction of the trend.
Corrective Waves: The chart also identifies corrective waves (A-B-C), representing periods of price consolidation or retracement against the main trend.
Current Wave: The analysis suggests that the price is currently in a corrective wave (2), following an impulsive wave (1).
Potential Target: Based on the wave counts, there is a potential for further upward movement once the current corrective wave completes. However, specific price targets are not provided in this analysis.
Key Levels:
Invalidation Level: A key level to watch is the "Invalidation Level" marked on the chart. If the price breaks below this level, the current wave count may be invalidated, suggesting a different interpretation of the market structure.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
AUDCHF My Opinion! BUY!
My dear followers,
This is my opinion on the AUDCHF next move:
The asset is approaching an important pivot point 0.5571
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.5594
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
MOG Coin Dips Over 49% in Two Weeks: What Next?MOG Coin, an Ethereum-based memecoin celebrated for its vibrant community and viral meme culture, has seen a sharp decline in recent weeks. The token's value has dropped over 49% in two weeks, mirroring the broader crypto market's cooling-off phase after a prolonged bullish rally. Despite this dip, MOG’s community-driven ethos and unique position in the memecoin space offer potential opportunities for investors and traders.
About MOG Coin
MOG Coin is more than just a memecoin; it represents a lifestyle fueled by humor, creativity, and community strength. The token is built around a strong commitment to viral content, carving a distinct niche in the cryptocurrency landscape. MOG’s mission to dominate the internet through its meme supremacy has attracted a dedicated following, positioning it as a revolutionary force in the memecoin space.
Community and Vision
MOG Coin’s passionate community is its backbone, driving its viral campaigns and ensuring its visibility across social media platforms. The project is centered on humor and camaraderie, making it more than just an investment but a lifestyle for its holders.
Trading Activity
TSXV:MOG is actively traded on decentralized platforms like Uniswap V2 and centralized exchanges like Gate.io and Bitget. The token's daily trading volume has reached $49.17 million, a 5.2% increase from the previous day, indicating steady market interest despite recent price declines.
Market Metrics
- Market Cap: $831.59 million
- All-Time High: $0.000004022 (Dec 7, 2024).
- Current Price: 47.05% lower than its ATH.
- Circulating Supply: 390 trillion tokens.
Technical Analysis
As of now, TSXV:MOG Coin is trading within a falling wedge pattern, a technical setup often indicative of a potential bullish reversal. Key technical indicators include:
The Relative Strength Index (RSI) stands at 19, signaling extreme oversold conditions. This level often suggests a buying opportunity for traders and investors. The immediate support lies at $0.0000015, aligning with the 23.6% Fibonacci retracement level. If selling pressure persists, this level could be tested, providing a crucial entry point for long-term investors.
A breakout from the wedge pattern could spark a recovery, with initial resistance around $0.000003.
Comparative Performance
MOG Coin has underperformed against its Ethereum ecosystem peers, which are up 12.7% over the past week. However, its current price levels present an opportunity for traders looking to capitalize on oversold conditions in a well-supported project.
Conclusion
While MOG Coin's recent price action reflects broader market corrections, its strong community and unique positioning in the memecoin space make it a token to watch. The falling wedge pattern and oversold RSI indicate potential for a rebound, particularly for investors with a higher risk tolerance.
As the memecoin revolution continues, MOG remains a key player, blending humor with innovation to push the boundaries of what’s possible in the crypto world. For those ready to join the meme movement, now might be the time to keep an eye on MOG’s next move.
Gold Market Update: Imbalance Liquidation Targets $2620–$2580Gold continues to align with the imbalance liquidation between $2620 and $2580. The recent prominent support at $2605 is under pressure; if it fails to hold, further sweeps around $2619 could occur. The bearish momentum remains intact, aiming to secure weekly demands below the $2600 level.yall should stay cautious, hedge along, and prepare for potential volatility as the market seeks equilibrium. follow for more insights comment and boost idea
GBPCAD A Fall Expected! SELL!
My dear subscribers,
My technical analysis for GBPCAD is below:
The price is coiling around a solid key level - 1.8206
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.8179
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CADJPY Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 109.05
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 108.00
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.20
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 161.54
Safe Stop Loss - 164.03
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall
Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction.
Resistance levels: 1.257, 1.2597, 1.2665
Support levels: 1.2488, 1.245
After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline
With Respect R. Linda!
Lingrid | GOLD Post-FED Shakeup. Possible Bearish OpportunityThe price perfectly fulfilled my previous idea. It hit the TP. OANDA:XAUUSD made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price for over a month. I think the market may gradually move down toward last month's low by the end of the year. With high-impact news coming today, there is potential for unexpected moves. Overall, I expect the market to bounce off the upward trendline and the resistance zone around 2640-2650, followed by another bearish move. My goal is support zone around 2570
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 70.67 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
GBP/USD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/USD is making a bearish pullback on the 6H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.262 level.
✅LIKE AND COMMENT MY IDEAS✅
EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
✅LIKE AND COMMENT MY IDEAS✅
CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
✅LIKE AND COMMENT MY IDEAS✅
UNH Selloff Unreasonable - Still 15% ROI Short-TermSince my first NYSE:UNH idea a couple of days ago the price of this stock dropped significantly. If you've been part of the first idea you should've been able to lock in around 1.x% of return when using a tight stop-loss. Otherwise you've been stopped out with break-even. Nevertheless, the sell-off was not helpful and is completely exaggerating the situation at UNH since the company is not really effected by the current PBM debate.
"Deutsche Bank sees a potential divestiture as not having a significant impact on earnings, estimating the risk at likely less than $200M of the company’s roughly $30B+ operating earnings. Deutsche Bank noted, however, that CVS (CVS), Cigna (CI) and UnitedHealth (NYSE:UNH) 'could face additional risk from losing the ability to vertically integrate the PBM, fulfillment and manufacturing functions of biosimilars through organizations like Cordavis and Quallent.' Despite concerns about the potential breakup of their pharmacy businesses, Deutsche Bank maintained it's buy rating on UnitedHealth (UNH)."
From a technical standpoint we can see a confluence of support:
Weekly SMA200
Strong Trendline from March 2020
Horizontal Support at $480
UNH managed to bounce from the trendline intraday today. This could mean we're going to see a turnaround from here. If we break below the trendline on the daily chart this trade will be invalidated. Otherwise our target sits at $550.
NASDAQ Is Close To The Main Trend And Support!Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20500 support and resistance area.
Trade safe, Joe.
Gold Market Update: Response to Weekly Demand at $2640sGold is responding to weekly and subduing demands at the $2640s, setting the stage for a potential sweep toward the $2660–$2675 range. This movement aligns with bullish attempts to capitalize on supply zones for continuation or reversal opportunities. follow for more insights , comment and boost idea