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PNUT/USDT is Dead ? PNUT/USDT is currently trading within a well-defined descending channel. The price action indicates a consistent downtrend with lower highs and lower lows. Fibonacci retracement levels and triangle patterns provide clues to possible price movement in the short to medium term. Key Analysis: Descending Channel: The price is moving inside a downward-sloping channel. The green lines highlight the upper resistance and lower support. This channel has dictated the overall bearish trend so far. Fibonacci Levels: Key Fibonacci levels such as 0.618 ($0.542) and 1.618 ($0.334) are critical areas of support. If the price breaks below $0.334, it may continue toward $0.28 or $0.12 (2.618 Fibonacci). Triangle Pattern: A triangle pattern is forming in the lower range, suggesting price consolidation. A breakout above the triangle could lead to a reversal toward $0.47 (Channel Resistance) or higher. A breakdown below the triangle may trigger further downside, confirming the continuation of the bearish trend. Potential Rebound Areas: Immediate resistance lies at $0.47, aligning with the upper Fibonacci retracement. If momentum builds, further targets could be $0.50 or $0.63 (0.382 Fibonacci). Trading Plan: Bullish Scenario: Look for a breakout above the triangle and channel resistance, targeting $0.47 and higher levels like $0.50. Use $0.334 as a critical support level to manage risk. Bearish Scenario: If the price breaks below $0.334, consider shorting with targets around $0.28 or $0.12. Ensure to set stop-loss above $0.40 to mitigate risks. Conclusion: PNUT/USDT is at a pivotal level. Traders should monitor the triangle breakout closely. Fibonacci levels and descending channel boundaries provide strong guidance for trade entries and exits. What’s your view on PNUT/USDT? Feel free to share your thoughts and feedback below! 🚀📉
Long
by Surrendgods
2
More Selloff potential It is possible that the market may selloff starting at 1.25732 approx. So Im a seller there with a stop at 1.27. Its highly likely that the market wont touch that level in my opinion. The same price "frequency" that caused the low at 1.21 will be the same frequency that produces resistance at 1.25732. The repeat pattern (inverted) from feb 5th 2024 low to march 8th high and the downswing from July 13th to august 25th combined provides the expected action to play out at 1.25732. I am a seller for now. Will it get there? Only TIME will tell.
Short
by armanitrades-mhc
Continue to be bullish and wait for lows to buyGold prices continue to maintain a bullish trend structure intact. Today, we will follow the trend to find the low point to participate in buying. The daily line continues to rise strongly. The MA10/7-day moving average keeps opening upward and gradually moves up to 2702/2714. The Bollinger band opens upward and the RSI indicator turns upward. The short-term four-hour chart maintains a continuous new high and breaks through the 2740 mark. The moving average system keeps opening upward, the price runs along the upper track of the Bollinger band, and the RSI indicator reaches above 70. It is necessary to pay attention to the overbought situation before the US market today. Today's trading idea is to follow the trend and buy at a low price! After the gold breakthrough, the gold bulls restarted. Now the bulls are still strong. The decline is an opportunity to go long. Gold has been rising all the way, and the gold bulls continue to be strong. The Asian market has fallen back and continued to go long. There is still room for gold bulls to go up. Gold's 1-hour moving average continues to diverge upwards, and it is still the main field of bulls. The second highest point of gold, 2733, is now short-term support. Gold will continue to buy on dips when it falls back to 2733 in the Asian session. Don't rush to buy in the Asian session, and wait patiently for the opportunity to fall back. After all, gold is now far away from the moving average support. Wait patiently for the callback in the short term to continue to buy. First support: 2740, second support: 2733, third support: 2726 First resistance: 2758, second resistance: 2766, third resistance: 2774 Operation ideas: BUY: 2733-2735, SELL: 2768-2770,
OANDA:XAUUSDLong
by Jun-GoldAnalyst
GOLD BERISH FOR 25000PIPS1. Understanding the Scale: 25000 Pips in Gold: A 25000-pip move in Gold means 250 units of price movement. Given that Gold typically moves in increments of 0.01 (1 pip), a 25000-pip move would imply a change of 250.00 in the price of Gold. Example: If Gold is trading at $1900, a 25000-pip bearish move would target a price of $1650 (1900 - 250). This is an extremely large move, and it may take months or even years for Gold to make such a significant move unless there are extraordinary circumstances. 3000 Pips Stop Loss: A 3000-pip stop loss would be 30 units of price movement. For example, if Gold is trading at $1900, a stop loss at $2200 (1900 + 30) would be extremely wide, and you would need a very strong bearish outlook to justify it. 2. Technical Analysis for Long-Term Bearish Outlook: Identify Strong Resistance Levels: The key for a long-term bearish prediction would be identifying major resistance levels that Gold is unable to break through. For instance, levels around $2000 or $2100 have been significant resistance in recent times. Trend Confirmation: To justify a 25000-pip bearish target, there would need to be a significant breakdown in the market, such as: Break of Key Support: A strong technical breakdown of key support levels (e.g., $1800, $1700) could signal the start of a long-term downtrend. Bearish Trend Indicators: You would look for bearish patterns, such as lower highs and lower lows, to confirm the continuation of the downtrend. Moving averages (e.g., 200-day MA crossing below the 50-day MA) and RSI (under 50) would confirm a bearish trend. 3. Fundamental Analysis for a Long-Term Bearish Move: U.S. Economic Data: A significant rise in U.S. interest rates or a strong U.S. Dollar could potentially push Gold lower. This could come from the Federal Reserve tightening policy in an effort to control inflation. Deflationary Pressures or Market Risk Aversion: If global markets were to experience a deflationary crisis or risk sentiment dramatically changes (e.g., a global recession), investors might move away from Gold to other assets, driving the price down. Commodity Market Conditions: Major changes in supply and demand dynamics for Gold (such as large-scale mining increases or lower demand for jewelry) could influence its price over the long term.
OANDA:XAUUSDShort
by LORDOFTHETRADERS
MEBL - PSX - Technical AnalysisMEBL is in sideways for almost seven months now. It is very much likely to continue in that fashion as interest rates cut is expected further. Therefore, buy on parallel channel's bottom and sell on its top is recommended. GANN support & Resistance fanes and Fib retracement tools have been used. Price has honoured both GANN and Fibonacci for this SCRIPT. Therefore, one can draw confluence while taking trades in this SCRIPT. RSI is at a mid-range emphasizing on continuation of small uptrend and then fall down. KVO is also a bit bullish (above Zero), but KVO indicator line has crossed its trigger line as well which may hint at price going up. Trade Values Scenario ONE: Buy-1 (Mkt): 246.64 TP: 271.75 Scenario TWO: Buy-2: 284 (If price breaks the resistance) TP-2: 327 Stop Loss: 207
PSX:MEBL
by Golden_Spur
Technical Analysis on BloomZ Inc. (NASDAQ: BLMZ)The current price of BLMZ stands at 0.500, marking a 3.85% decline for the day. The stock is trading below all key moving averages, including the short-term MA5 (0.509) and MA10 (0.545), as well as the longer-term MA20 (0.562), MA30 (0.561), and MA60 (0.650). This suggests a sustained bearish trend, with selling pressure dominating the market. Support is evident at 0.450, which aligns with recent lows, while a stronger support level can be identified at 0.392, reflecting a prior low. On the upside, immediate resistance lies at 0.520, which coincides with the previous day’s close. Beyond that, the next significant resistance zone is around 0.560-0.562, where the MA20 and MA30 converge, potentially attracting sellers. The trading volume is relatively subdued, indicating weak buying interest or a lack of market participation at current levels. Overall, the stock remains bearish but is approaching a critical support level. A breakdown below 0.450 could lead to further downside towards 0.392, whereas a rebound may struggle to overcome resistance at 0.520-0.562. Neutral positioning is advisable until a clear directional move is confirmed.
NASDAQ:BLMZLong
by HASHInvests200