DeFiChain Hits Bottom: 5,000% Potential (Easy Target Mapped)Let's follow the same pattern from BEFIUSDT.
DeFiChain vs Bitcoin (DFIBTC) went through a multiple years long bear-market. Here you can see the final section of it marked as "bearish cycle."
After a major bottom and new ATL, a bullish breakout happens in early December 2024. This breakout produced the highest buy volume ever. Something big is approaching this market.
This initial breakout and high volume is corrected and so far we have a higher low. This entire sequence is leading towards a new bullish wave. This bullish wave has huge potential for growth. Initially, I saw more than 5,000% potential, here you are witnessing only some of the easy targets.
We will track this pair and see how things develop.
Thank you for your continued support.
Namaste.
Trend Analysis
Let’s be realistic...Hello, dear friends! 🫶What to Expect After the Correction?🧐
Let’s be realistic —at this point, it’s nearly impossible to predict with 100% certainty where Bitcoin will go after the correction.🤷🏽♀️
I know many of us are hoping for a new bull run (myself included), but unrealistic expectations can be far worse than sober analysis . That’s why I suggest we consider a few possible scenarios to protect ourselves and prepare for any outcome.
Here’s the plan I’ve laid out for You today:
Daily Chart Analysis
The current Bitcoin price action appears to be in a distribution phase. If this phase plays out fully, we could see the price drop to around $85,000.
What happens next?
After reaching this level, the price is likely to bounce upward. This could be an opportunity for cautious long trades.
Scenario 1: Bullish
The $100,000–$102,000 zone will be a critical threshold. If the price confidently breaks above this level, it will signal bullish sentiment in the market, paving the way for further growth.
The next major resistance level to watch is $108,500. This is a key level that must be overcome for the bull run to continue. However, be cautious of fake breakouts—they happen frequently and can trap traders.
If we break through these levels and the rally continues, then… to the moon! 🚀
Scenario 2: Bearish
We can’t ignore the bearish scenario—being informed is being prepared.
After the correction (potentially to $85,000), we might see the price bounce back to the $100,000–$102,000 zone. In my view, this level will be critical. If the price fails to hold above this zone and heads into a deeper correction, it will signal bearish sentiment and dominance of the bears in the market.
Personal Observations
In times of uncertainty, emotions run high. Everyone expects growth, and when someone draws downward arrows on the chart, it often sparks aggression. Let’s try to be kinder and more tolerant toward each other—it’s just the market, after all.
What’s Your Take?What scenario do You see playing out? Do You have your own charts to share? Drop them in the comments—I’d love to see Your perspectives!
Always Yours,
Kateryna 💛
Lingrid | DOGEUSDT Potential Channel BREAKOUT. Long BINANCE:DOGEUSDT broke and closed above the key level at 0.3500, showing strength. Currently, the price action is testing the channel border and resistance within the 0.3700-0.3800 range. It appears the market took liquidity below the previous week's low, potentially creating a false breakout. As such, the market is now testing the previous week's high. We had a consolidation phase since the beginning of January, therefore I anticipate the market to break out of the downward channel and retest the trendline. My goal is resistance zone around 0.4300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURUSD: First red day in a broken down marketHello everyone and welcome back to my channel, please do not forget to like and comment my work, it's very supporting for me!
Let's start saying that I'm not here to predict the market, my view is only about the setup I'm looking, predicting is 50/50, trading specific setups can be a 90/10 opportunity.
EURUSD is currently in a kind of template which I saw several times in the past, the is breaking down, sellers are controlling the market and potentially by Thursday and Friday we can see a weekly pump and dump completing.
But let's analyse the full week to have a better understanding of the logic behind this potential move.
The previous week the market has been breaking down every day, and Friday place the most recent high and burst into the low of week.
Monday was pretty much consolidating into the LOW, not really something that can be interesting.
Tuesday the market triggered breakout long traders and pumped back up into Friday HOD, stopping their short breakout.
Wednesday, until CPI release, the market consolidated at the high of the week, eventually trapping volume up high. CPI stopped hunt trade who were shorting, closing the day back inside the initial balance (high low range of the week), and especially as first red day!
What's my thesis?
My main scenario is a short one, trying to complete the dump phase in a weekly pump and dump scenario. Obviously, not necessary we can see a strong move back into the low of week, but it can also stop and consolidate above the opening range high (HOD of Monday).
How would I enter this market?
USD news are scheduled on calendar at 8:30am NYT, I will be watching for a buy low setup after news release, specifically I will be looking for reversal pattern into the HOD.
What about the long view?
Of course, as I said, predicting a move is just silly, predicting is just like gambling, a long move obviously can happen and I can be willing to take it a session scalp if the market drop vertically down into the yesterday LOD, consolidating into the level till I will get any reversal configuration (Buy low opportunity).
During the upcoming hours I will be updating this post!
Trade safe!
Gianni
Stock to watch now! $EXPIFundamental Analysis of NASDAQ:EXPI
eXp World Holdings, Inc. operates as a cloud-based real estate brokerage platform. The company leverages its technology to streamline real estate transactions while minimizing physical infrastructure costs.
Key Financial Metrics
Revenue Growth: eXp has consistently demonstrated strong revenue growth due to its unique business model. Recent quarterly or annual reports show a year-over-year increase, driven by agent expansion and market share gains.
Profitability: The company has achieved profitability in recent years, but its margins are relatively slim. This reflects heavy reinvestment in growth initiatives, including international expansion and technology enhancements.
Debt Levels: eXp maintains a healthy balance sheet with low debt levels, allowing it to fund operations and expansion without significant financial strain.
Dividend: eXp offers a modest dividend, signaling financial stability and shareholder focus, though the yield is not a primary attraction for growth-focused investors.
Competitive Advantages:
Cloud-based, low-cost operations.
Strong agent network with revenue-sharing and stock incentives.
Growth Potential
Domestic Market: There is room for growth in the U.S. market as traditional brokerages transition to digital platforms.
International Expansion: Entry into new markets presents a substantial growth opportunity, though it introduces risks related to cultural and regulatory differences.
Risks
Dependency on the real estate market: Fluctuations in housing demand and interest rates can significantly impact revenue.
Competition: Traditional and other tech-based real estate companies could pressure margins.
Technical Analysis of NASDAQ:EXPI
Using recent price charts and indicators, here is the technical outlook:
Price Action
Support and Resistance:
Current support: Around $13.50 (recent low).
Resistance: Approximately $18.50 (previous high).
Trend: The stock has been in a consolidation phase after a significant decline from its pandemic highs in 2021. Short-term moving averages indicate sideways momentum.
Indicators
Moving Averages:
50-Day MA: Trending slightly upward, suggesting a potential short-term recovery.
200-Day MA: Still downward-sloping, reflecting longer-term bearish sentiment.
RSI (Relative Strength Index): RSI is hovering near 50, indicating a neutral stance with no clear overbought or oversold conditions.
MACD (Moving Average Convergence Divergence): Recently crossed into positive territory, a potential bullish signal for momentum.
Volume: Trading volume has been decreasing, which may indicate reduced interest or hesitation among investors.
Outlook
Bullish Scenario: A breakout above $18.50 could signal a trend reversal, potentially targeting $22–$25 in the medium term.
Bearish Scenario: A break below $13.50 could lead to further downside, with a possible target near $10.
Conclusion
NASDAQ:EXPI is an innovative player in the real estate market, offering long-term growth potential due to its cloud-based model and international expansion. However, the stock faces near-term headwinds from real estate market fluctuations and competitive pressures. From a technical standpoint, the stock is in a neutral zone, and investors should watch key support and resistance levels for directional cues.
Investors with a long-term horizon may consider accumulating shares on dips, while short-term traders should remain cautious and rely on technical indicators for entry and exit points.
Cardano Breakout Alert: Is the Bull Run Back?After Trump's victory in the U.S. presidential election on November 6, Ada experienced a 318% growth in 30 days. After that, sellers were only able to retrace 50% of the previous impulsive wave within 40 days. Currently, the price is struggling to break above the descending trendline. If it successfully does so, it may reach 1.4780, representing a 31.41% increase.
What are your thoughts on ADA's next move? 👀
Drop your predictions in the comments below and don’t forget to like if you found this analysis helpful! ❤️🔥
SCALPING ! XAU ! Gold correction - back to BUY entry⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
This week's US data indicated easing inflation, boosting expectations of two rate cuts by the Federal Reserve this year, which supported the Gold price. Additionally, Fed Governor Christopher Waller stated on Thursday that inflation is expected to decline further and suggested three or four rate cuts might occur if US economic conditions worsen. The prospect of Fed rate cuts drove a further drop in US Treasury yields and kept the US Dollar near a one-week low, providing extra support to XAU/USD.
⭐️Personal comments NOVA:
Gold is adjusting down as necessary, balancing the market. Short and long term frames are still showing that the upward force will continue.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2700 - $2698 SL $2695
TP1: $2704
TP2: $2708
TP3: $2715
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
More Than a Matter of Taste. The Timeframe is EverythingHigher Timeframes (daily, weekly, monthly)
Lower Timeframes (intraday timeframe)
Influential educators often propagate misleading ideas that cost the community money. One of the most harmful and, sadly, widely accepted opinions is: "Since the market is fractal, all timeframes are equal. The timeframe is just a matter of taste." Today, I want to debunk this myth, relying not only on my studies on the subject but also on the most basic logic.
Mass Psychology:
Higher timeframes, by aggregating more emotions over longer periods, reflect the psychology of investors more clearly and consistently, thus, a historical record will be more reliable and complete in larger time frames.
Manipulation:
Higher timeframes require a larger volume of capital to be manipulated since the interests forming the price action are backed by generally well-capitalized participants who operate with long-term goals.
News:
Movements in higher timeframes are less influenced by short-term news, offering a more stable and often more predictive perspective of the market.
Randomness:
Randomness increases with shorter timeframes. An example of this is the decrease in the success rate of trading systems as we move to lower timeframes. Profitable (documented) systems on daily charts can become unusable on 4-hour or 1-hour timeframes.
Additional Elements:
-There are well-documented profitable trading systems in works by technical analysts like Larry Connor or Thomas Bulkowski, always with a focus on daily or higher timeframes. To date, there are no documented systems for timeframes like 5 or 15 minutes, nor is there a scalper with a transparent record of predictions demonstrating the profitability of their approach.
-All classic indicators (MACD, RSI, Bollinger Bands, Keltner Channels, Donchian Channels, Williams Alligator, Ichimoku Cloud, Parabolic SAR, DMI, etc.) have been created based on a daily or higher timeframe.
-All known classic methodologies (Dow Theory, Chartism, Elliott Wave Theory, Harmonic Patterns, Wyckoff Method, Gann Theories, Hurst Cycles, Japanese Candlestick Patterns, etc.) were developed with a daily or higher timeframe focus.
-All renowned technical analysts have applied a daily or higher timeframe approach to generate wealth.
On Some Authors:
-Richard W. Schabacker (the true father of Technical Analysis) in his book "Technical Analysis and Stock Market Profits" (1932) structured market fluctuations into Major Movements (monthly chart or higher), Intermediate Movements (weekly chart), and Minor Movements (daily chart). His analyses were based on understanding these timeframes, and his methodology, now known as "chartism" (though extremely misunderstood and manipulated), warned that it should be used in these timeframes.
"The longer it takes for the chart to form any pattern, the greater the predictive significance of that pattern and the longer the subsequent move will be, the length, size, and strength of our formation."
He also addressed the topic of manipulation and the high cost of consistently manipulating timeframes like the weekly one.
-Dirk du Toit in his book titled "Bird Watching in Lion Country" comments:
"The smaller your timeframe, the greater the randomness of what you are observing. If you are watching price changes every five or fifteen minutes, the degree of randomness is very high, and your likelihood of anticipating the next correct price movement, or series of price movements, is very low."
"A coin, like a five-minute chart, has no memory. Just because it has come up heads eight times in a row, it doesn't start to 'adjust' to provide the required probability balance of a 50/50 ratio in a certain number of tosses. Five or fifteen-minute charts are the same. Trying to predict whether the next five-minute period will end up or down is exactly like flipping a coin."
-In the documentary titled "Trader" (1987), we observe that despite Wall Street's aggressive style, Paul Tudor analyzed price action on daily and higher timeframes, comparing the historical record of his charts with events as significant as the 1929 Crash. He even used classic methods like Elliott Wave Theory to detect long-term opportunities.
Conclusions:
In an occupation in decline, turned into an entertainment industry, we should be extremely cautious. It's no coincidence that aggressive marketing is focused on selling us the dream of getting rich quickly. In the past, only a minority could access markets, but now we are all potential customers regardless of our capital. Platforms know that "hard work" and "long-term consistency" are unmarketable phrases. They want to exploit masses of gullible people, and to fill their coffers, they will show an easy path to "financial freedom." The chances of surviving in this environment of deceptive advertising are nil if one does not question everything. Do we not look to the past to make decisions under the premise that history tends to repeat itself? Then we should look to the classic works in these times of uncertainty. It's a long and lonely path, but it's the only path. 99% of current educators and writers are not technical analysts. None record their predictions, none trade in real-time. They are merely opportunists feeding off people's hopes. It's better to dust off the works of the fathers of Technical Analysis than to spend the next 5 years reading about psychotrading and seeking magical solutions on YouTube. Question everything. The only thing you can never question is your capabilities.
Gold Strong Bullish Movement hello guys what do you think about this analysis.
Date: 16 January 2025
Current Position 2703
Currently Gold has Bullish trend has dominated the market moreover market could not break 2700 position and H4 candle and H1 candle closed above it. currently market's target is to reach 2727. If market breaks out this position then its next target will be 2740.
Key Points:
Resistance: 2627, 2740
Supporting Area: 2700,2692
Targets:
Target1: 2727
Stop Loss: 2684
Kindly like comment and support
Will #DOT Break Free or Get Caught in a Bearish Trap? Key LevelsYello, Paradisers! #DOTUSDT is gearing up for a major move, but will it be a breakout to new highs or a collapse to lower levels? Let’s dive into the current setup of #Polkadot:
💎#DOT is trading within a falling wedge formation, a classic bullish reversal pattern often seen before significant price surges. Over the last few weeks, we’ve seen multiple liquidity sweeps at lower levels, where impatient traders got shaken out. These sweeps usually hint at a potential breakout, but confirmation is still key before making any decisive moves.
💎#DOTUSD faces strong resistance near $8.00, which aligns with the upper boundary of the falling wedge. For bulls to take control, the price must close above this level on the 8-hour timeframe. A breakout here could trigger a powerful rally toward the $11.00–$11.5 major resistance zone, where sellers are likely to step in.
💎The first significant support level sits at $6.41, an area where buyers have consistently entered the market. If this zone holds, it could serve as a springboard for the next upward move. If #Polkadot closes below $6.41, the next major support lies between $5.80–$5.34.
💎A close below $5.34 would signal a breakdown of bullish momentum, increasing the likelihood of a prolonged bearish phase. The bears will take control of the price movement and it will fall to lower support levels.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
SPY at a Pivotal Level! Key Trade Setups Before Next Week's EvenSPY is trading within a descending wedge, testing the $591-$592 resistance zone. The chart shows mixed signals, with the MACD trending slightly bearish and the Stochastic RSI approaching overbought territory, suggesting potential near-term weakness. Volume has been steady, but the upcoming Presidential inauguration next week may bring increased volatility.
The $593-$595 range aligns with significant call resistance, while $590-$588 remains critical support, as indicated by gamma exposure (GEX) and options positioning. These levels are likely to guide SPY's movement heading into the politically significant week.
Key Levels to Watch:
* Resistance Levels:
* $593-$594: Immediate resistance, aligning with strong GEX call walls.
* $595-$598: Extended resistance zone with significant gamma exposure.
* Support Levels:
* $591: Near-term support level.
* $590-$588: Strong support zone with the highest negative GEX and put positioning.
* $576: Extended downside support.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX at $593-$595 acts as a ceiling, limiting upward momentum.
* Negative GEX at $590-$588 provides strong support, but a break could trigger accelerated selling.
* Options Activity:
* IVR: Low at 16.3, indicating reduced implied volatility.
* Put/Call Ratio: Elevated at 40.3%, reflecting bearish sentiment among options traders.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $593 with volume confirmation.
* Target: $595 (first target), $598 (extended target).
* Stop-Loss: Below $591.
Bearish Scenario:
* Entry: Break below $590 with increased selling pressure.
* Target: $588 (first target), $576 (extended target).
* Stop-Loss: Above $593.
Directional Bias:
The bias leans bearish for the short term, with SPY likely to test lower levels before the inauguration. Political uncertainty and potential market volatility may keep SPY range-bound between $588 and $595 this week.
Heading into the next week, a decisive break of the $595 resistance could signal bullish momentum, while a breach of $588 support may lead to a sharper selloff as traders react to political developments and policy announcements.
Actionable Suggestions:
* For Scalpers: Focus on trading the $590-$593 range, aligning with GEX levels and intraday trends.
* For Swing Traders: Position for a potential breakout or breakdown from $588-$595 next week, depending on the political backdrop and market reaction.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
"Climbing the Grid: BTC Edition" In this chart, the trendlines are drawn to represent key areas of support and resistance based on price action over time. Here’s how to explain them in simple terms:
1. **Green Trendlines (Support)**:
- These lines are drawn underneath the candlesticks. They show areas where the price found support and moved higher after touching or approaching the line.
- The lower green horizontal line at **89,061.47** represents a strong historical support level, meaning the price previously stopped falling and reversed upward from this area.
2. **Red Trendlines (Resistance)**:
- These lines are drawn above the candlesticks. They represent levels where the price struggled to go higher and reversed downward.
- The upward-sloping red trendline represents a resistance trend where the price is being pushed lower whenever it approaches the line.
3. **Blue Trendline (Broader Trend)**:
- This trendline connects major swing lows over a longer timeframe, showing the general upward momentum of the market.
- It's more of a macro-level line, indicating the long-term bullish direction.
4. **White Trendlines (Neutral or Structural)**:
- These lines form part of the structure, connecting minor pivot points or angles within the trend.
- They give additional context but may not hold as strong as the green and red lines.
5. **Breakout Point (Highlighted with an Arrow)**:
- The red arrow points to an area where the price attempted to break through a resistance level and succeeded, confirming a breakout.
- After breaking past, the price is now approaching **105,346.97**, which could act as a new resistance or continuation level.
In essence:
- **Support lines**: Where the price bounces up.
- **Resistance lines**: Where the price gets rejected.
- The interactions between these lines help predict where the price might go next.
- Bull Flag scenario is likely to unfold
Lingrid | EURUSD fake BREAKOUT. Short from RESISTANCEFX:EURUSD market recently made a false breakout above the resistance zone at 1.03200-1.03300. On the daily timeframe, the bearish trend remains intact. In response to the news release, the price dropped, and I think this downward momentum will persist, driving the price to lower levels. Furthermore, the market broke and closed below the upward trendline, which had been supporting a pullback against the major downtrend. This breakout suggests a potential continuation. I expect the price to continue to move lower, pending confirmation such as a rejection candle. My goal is support zone around 1.02475
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Buy The Rumor, The News, The Fact & The Inauguration—Buy BitcoinBitcoin is ultra-bullish on the weekly timeframe.
Bitcoin has been very strong lately. Resilience is the word that comes to mind.
This chart reveals a strong rise starting September 2024. Since early September.
The rise stops abruptly around mid-December, after 105 days.
The drop is minimum in comparison to the strength and size of the rise.
It's been four weeks, or exactly 1 month, since Bitcoin produced a new All-Time High.
The first red week was the 16-Dec. week.
The following three weeks were neutral and this week the market is turning ultra-bullish.
We are going to see higher prices next.
Look at the last candle. This is the current session/week.
This week has a long lower wick. This wick hit the lowest price since 11-Nov. 2024. Yet, the week is now green again and the candles body trades higher than the previous three weeks open and close. This signal is ultra-bullish.
In short, the retrace that started in mid-December 2024 was consolidated for three weeks and after three weeks we are seeing the bulls taking the upper-hand.
Everything on this chart points toward higher prices.
An easy, very easy, target is set around $120,000.
This would be followed by $139,000.
Seeing the structure of the chart, the price of $150,000 to $158,000 can be this cycle top. This is a possibility based on the length of the current bullish wave.
A blow off top can result in a flash crash lasting days with a recovery extending to many months. Then a capitulation phase and the start of a new cycle once we have the bear-market low. But that is too far away. Right now, Bitcoin is going up.
What about the Altcoins?
The Altcoins market is showing all the signals that you would expect before a major bull-market. Pairs are breaking out super strong. Higher lows all across, no new lows anymore.
Continuation. Resumption and accumulation.
A bullish market but the people are detached, classic.
This tends to happen before a major bullish phase.
The majority of market participants somehow lose interest and become detached, to later FOMO (rush) when the action is underway. Join early I say, that's the way to fully profit from the entire bullish wave.
Bitcoin is going up. Don't let anybody tell you otherwise.
Right now, this is the easiest prediction to say.
Think of this, we have more than five months of bullish action and there hasn't been a single correction. The small retraces and shakeouts are just market noise. Looking at this weekly chart, it is easy to say so.
Patience is key to win here.
You can put all of your money now into Crypto and soon enough you will be happy with the results.
Spot has very little risk.
If you are a beginner, it is better to buy and hold. In the end you can end up making more money than trying to trade.
If you are advanced, you know what to do; hit the gas.
We are about to boom! High lev., high risk, high profits; let's get rich.
Thank you for reading.
Namaste.
BUY TREND will be start soon in AUDUSD, Reversal pattern found..📈 AUDUSD Price Forecast 📈
In the smaller time frame, AUDUSD has formed an Inverse Head & Shoulders pattern, signaling a potential reversal. The price has successfully broken the 50 EMA and the neckline with a strong bullish candle, confirming the pattern.
On the 4-hour time frame, the pair has also broken above the 50 EMA and is now approaching a descending trendline. The reversal pattern and increased buying volume suggest that a breakout of the trendline is imminent, leading to bullish momentum.
🎯 Technical Target Levels:
- 0.6285
- 0.6350
- 0.6450
- 0.6535
- 0.6680 (Final target)
📌 Key Highlights:
- Confirmed Inverse Head & Shoulders in smaller time frame.
- Breakout of 50 EMA and neckline supports bullish sentiment.
- Increased volume indicates strong buying pressure.
- Watch for a breakout above the descending trendline for further confirmation.
✅ Stay Prepared!
Like, comment, and follow for real-time updates and accurate forecasts.
Don’t miss the bullish breakout—trade smart with expert insights! 🚀
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#AUDUSD #ForexTrading #TechnicalAnalysis #TradingSignals
Public trade #12 - #LTC price analysis ( Litecoin )Well, it's been a long time coming, but on January 15, the information began to spread that the SEC “hinted” that CRYPTOCAP:LTC ETFs would be next.
The price of OKX:LTCUSDT reacted to these “rumors” with a fairly good growth
And now let's re-read our idea from 10/16/24 👇
⁉️ If you're lucky, you can still buy #Litecoin at $100
1️⃣ Medium-term goals are $177 and $275
2️⃣ Long-term without changes - $700+
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
$JASMy had me in the first half not gonna lieA possible scenario for #JASMY at the moment is that it continues to follow the line, only that it was carried out a week earlier.
To be honest, I see a lot of changes in basically all coins right now. While I initially thought that we were going to make another correction, I now actually expect that we will gain some height.
If I now move the orange line back a week, it will be correct again and it will be exactly correct again.
SEED_DONKEYDAN_MARKET_CAP:JASMY 1st target therefore remains unchanged at 0.085
Be kind to the world and each other!
XAUUSD M15 | Bearish Reaction off 61.8?Based on the M15 chart, the price is approaching our sell entry level at 2,719.50, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 2,702.03, aligning with a significant support level, marking a logical target for the trade.
The stop loss is set at 2,730.64, above the 127.2% Fibonacci extension, providing room for price fluctuations while protecting against invalidation of the bearish bias.
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I Cannot Short This !!! situation+next targets.The price is within a wedge that can potentially raise the price in the medium term if the wedge is broken. Currently, the price is experiencing a volume shortage due to Bitcoin, which may cause it to drop slightly and then rise to the trend line.
Give me some energy !!
✨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!!
XRP’s Bullish Breakout: Is a $100+ Price Target Within Reach?The XRP/USD monthly chart offers a comprehensive view of its price action, highlighting significant patterns and potential for future gains. This analysis examines the cryptocurrency's historical performance, current trajectory, and the implications of its recent breakout.
The monthly timeframe provides a long-term perspective, with each candlestick representing a full month of trading activity. This timeframe is particularly useful for identifying overarching trends and minimizing the noise of short-term price fluctuations. Key levels on the chart include XRP's current price of $3.24, a potential accumulation zone around $0.70, and a long-term price target of $131.
Historically, XRP's price movements have been defined by two primary patterns. The first is a wedge pattern that occurred between 2014 and 2016. This pattern marked a phase of consolidation before the price broke out sharply, culminating in a peak around $3.17. This initial breakout laid the groundwork for the subsequent ascending triangle pattern that has developed since 2017.
The ascending triangle is a bullish continuation pattern that features a horizontal resistance line at approximately $3.17 and an ascending trendline connecting higher lows. This formation signals increasing buying pressure and accumulation over time. The recent price movement shows a breakout above the resistance level, suggesting that the pattern is playing out as expected. The projected price target, calculated based on the height of the triangle, points to a potential long-term valuation of $131.
The chart highlights two critical zones: the red box and the green box. The red box, located below the ascending triangle around $0.70, represents a potential accumulation zone and serves as a critical support level. Traders often use this area as a stop-loss point to minimize risk. Meanwhile, the green box above the breakout level indicates the potential price projection, with a target near $131.4. Reaching this zone would represent a dramatic upside from current levels.
While the recent breakout above $3.17 is an encouraging signal, further confirmation is required to ensure the move is sustained. A consistent upward trajectory beyond the resistance level will validate the bullish pattern and strengthen confidence in the price target. However, achieving this target will likely take a considerable amount of time, as the monthly timeframe suggests a long-term horizon, potentially spanning months or even years.
Market sentiment and fundamental factors remain crucial to XRP's future performance. Broader cryptocurrency market trends, adoption developments, and regulatory news can significantly influence its trajectory. Additionally, the volatile nature of cryptocurrency markets means short-term dips are always possible, even within a bullish trend.
In conclusion, the XRP/USD monthly chart reveals a promising ascending triangle breakout, signaling the potential for significant long-term gains. With a price target of $131 in sight, XRP could deliver substantial returns for long-term investors. However, careful risk management, patience, and a comprehensive approach that combines technical and fundamental analysis are essential for navigating this opportunity.
Disclaimer: This is not a financial advise. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
GMT buy/long setup (2H)A strong source of movement has been tapped, and the lower liquidity pools have been swept clean. The price has encountered an important demand zone. In the upper part of the chart, there are no strong order blocks visible, and the price has already dropped significantly, giving a prolonged corrective phase. It is susceptible to a bullish move.
The targets are marked on the chart.
A 4-hour candle close below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
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