LINK on the Verge Bullish Breakout Sparks Momentum !Pattern
The chart shows a descending wedge pattern. This is generally a bullish pattern, indicating potential price reversal or breakout to the upside.
Breakout
The price has broken above the upper trendline of the wedge. This breakout is a positive signal, suggesting that bullish momentum is building.
Volume Confirmation
Check if there’s an increase in volume during the breakout. A breakout with strong volume provides confirmation.
Retest
After a breakout, it's common for the price to retest the previous resistance (now turned support). Waiting for this retest can provide a safer entry point with reduced risk.
Targets
First target: The recent swing high near $24.50.
Second target: $28.50, where there’s visible resistance.
Risk Management
Place a stop-loss below the breakout level or the lower trendline of the wedge in case the breakout fails.
Trend Analysis
AVAX/USDT WEEKLY CHART UPDATE !!AVAX/USDT weekly chart shows a long-term bullish trade setup, indicating significant potential for price expansion.
AVAX/USDT is consolidating within a large symmetrical triangle. The upper trendline acts as resistance, while the lower trendline provides strong support.
The price is near the breakout point, indicating a potential resolution of the pattern.
The red moving average (likely the 50-week MA) is supporting the price, further strengthening the bullish outlook.
The large green arrow suggests a potential breakout towards $140–$160. This aligns with the technical measurement of the height of the triangle added to the breakout point.
Confirmation of the breakout will likely require increased trading volume and sustained momentum above the resistance line.
If the price fails to break out and drops below the lower trendline (around $25–$30), the bullish thesis will be invalidated.
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GBPJPY at a Crossroads: The Setup You Can’t Afford to MissWhat’s up, traders! We’re back with an update on GBPJPY as of January 17, 2025. The pound-yen pair continues to keep us on our toes with its range-bound behavior, but we’re breaking down exactly where we believe the market is headed next.
In this video, we’re dissecting the levels that are holding strong, the possible upside plays, and the crucial areas where liquidity is likely sitting. From analyzing key weekly and daily levels to pinpointing potential entries on the H1 and H4 timeframes, we’re laying it all out for you.
We’ll also review the positions we closed earlier for a combined 2:1 risk-to-reward win and how the market dynamics shifted to create new opportunities. With the weekly candle close approaching, are we setting up for the next big move? Watch the breakdown to find out.
If you’re serious about staying ahead in the markets, this is a must-watch. Don’t forget to like, share, and drop a comment below with your questions or pairs you’d like to see analyzed next. Let’s keep winning together!
GBPUSD: Bearish Trend Continues The GBPUSD pair successfully violated a key daily support level and closed below it, last week.
Upon retesting this level, the price rebounded and broke through a support line of an expanding rising wedge pattern.
This suggests a strong likelihood of a continuation of the bearish trend.
There is a high chance that the price will reach the 1.2106 level soon.
Cyclical Bitcoin Analysis: Why Is 135K Significant?When Bitcoin prices above 135K, we’ll witness the bull rally gaining momentum. Why?
From a cyclical perspective, combining on-chain and technical data, I’m confident we are not yet at the peak of this bull rally. At least, if all this data isn’t going to become irrelevant, I’m certain of it. I believe that once Bitcoin surpasses 135K, the bull rally will accelerate, leading to a parabolic rise.
In the chart, you can also see the MVRV Z-score (below), providing additional evidence that we are far from the peak.
AMD: Bullish Falling Wedge Pattern with $200 TargetAMD is forming a clear falling wedge pattern, a powerful bullish reversal setup. The stock has been making lower highs and lower lows within converging trendlines, suggesting accumulation and potential breakout. The pattern suggests strong accumulation phase and the breakout could trigger significant upside momentum.
Key Technical Points:
Clear falling wedge formation with converging trendlines
Declining volume indicating potential trend exhaustion
Entry Point: Current price level
Stop Loss: $100 (key support level)
Target: $200 (psychological resistance)
Risk/Reward ratio is favorable at 1:4, with $80 potential profit against $20 risk.
Bitcoin MonthlyBitcoin's monthly chart reveals a very interesting signal.
As you can see, last month ended as a very strong negative candle. We have a long upper wick and a small red real-body close to the lower end of the trading session. Needless to say, this doesn't look good.
This month changes everything. The action starts red but after some bearish action turns green. First half of the month red, second half green. First half of the week red, second half green.
The interesting signal is the fact that this monthly candle is already trading above the wick high of November 2024. This means Bitcoin is ultra-bullish.
This month's action is also happening above the previous month, December 2024, session open and close. Another bullish signal. This is coupled with a Fib. level (2) being conquered as resistance so far. This would be equal to $98,500.
Both November and December 2024 were rejected below $98,500 and the monthly close happened below this level. Seeing the action above it means the bulls are winning. Once the month closes above it means the bulls won.
Bitcoin is bullish on the monthly, weekly, daily and hourly timeframes.
The Altcoins are also bullish.
Welcome to 2025.
We are only getting started.
Everything is about to turn great.
We will have awesome growth, awesome results, awesome sentiment, great progress, huge freedom, more innovation and abundance for all those who joined and support the Cryptocurrency market.
Financial abundance if you love, trade & like Crypto.
It is not too late.
Join the profitable fun.
Namaste.
$DOGE is my favoriteSomething interesting may be on the horizon for #DOGE.
With the upcoming change in trend within #Bitcoin, we also seem to see more positive movements at $DOGE.
It is currently on the verge of breaking out. In the event of an outbreak, we may see a retest and then we could possibly assign the ATH to a test.
For me, CRYPTOCAP:DOGE has a lot of potential and I have a number of scenarios that I am currently considering.
In the past CRYPTOCAP:DOGE has gone into a kind of prerun x4 from the previous run and correction that has now also repeated itself. This means that with this run we can achieve a target of perhaps $1.5.
But before we do that and have certainty, we first have to break through a number of strong mental points.
Fib extend 1,618 at 70 cents exactly at the old ATH, fib extend around 1 dollar, which also counts as a magical limit, also seems like a difficult parkour to me. If that breaks, I expect a target of around 1.5 before we see a major correction.
If this happens, there is a chance that we could see completely different amounts in April. More about this later. For now I mainly want to see what we will do with the upcoming run.
Be kind to the world and each other
Gold Will Fly SoonHello mates kindly share your thoughts on Gold
Current Position: 2704
Gold is ready to fly. Market tried to test 2700 position but it could break it and both H4 and h1 candles closed above 2700 which indicates the next target of Market which is 2730. Currently market is supporting a bullish and trend and now it will try to test 2720 position before it hit our demand zone 2730. currently market's supporting areas are 2702 and 2694.
Key Areas:
Resistance: 2720, 2730
Supporting Area: 2702, 2694
Note:
Target: 2730
Stop Loss: 2675
SOLANA → Will a false breakdown be the cause of the rally?BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high
On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority.
On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin.
Resistance Levels: 203-204
Support levels: 183, 175
If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase.
But, based on fundamental data, I expect a consolidation above 183 and further growth
Regards R. Linda!
Good Leap by Nifty today in anticipation of RIL/INFY results. Good Leap by Nifty today in anticipation of RIL/INFY results and closed 98 points up at 23311. Real test is the level of between 23377 (Mother Line) and 23398 (Important Resistance).
This includes today's high and Mother line resistance and another important resistance. After closing above this zone the next resistances will be at 23469, 23598, 23736 and finally 23770 (Father Line resistance of Hourly chart.)
Supports for Nifty on the lower side now remain at 23267, 23147 and 23053. If we get a poor result for Reliance these levels will be tested once again and there will be pressure on Bulls and Bears will again try to overpower Nifty. The tussle has reached a delicate stage now and thing can give. (Either a Breakout of Breakdown).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision.
DXY Is Going Down! Short!
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 109.133.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 107.416 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.
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USDCHF SELL ( LONG TERM PROJECTION)USDCHF , price is exoeriencing rejection from the strong supply ,
i expect a sell long run , with accumulation of over 350+ 🔥
disect the tp leveks in subsections of 1-3 tps
you need vision and enough capital for long run projection
goodluck family . use proper risk management
GBPJPY is running near OB, SELL Zone strong (read captions)📉 GBPJPY Price Forecast 📉
GBPJPY is currently in a selling trend, consolidating at the bottom of the zone after a retracement to the order block at 190.05. Another key order block is present at 192.90, creating a consolidation range between these levels.
The pair is trading below both the 200 EMA and 50 EMA, confirming a strong selling zone. With increasing bearish volume, sellers are dominating, signaling further downside potential.
🎯 Technical Target Levels:
- 188.55
- 186.60
📌 Key Highlights:
- Consolidation between 190.05 and 192.90 confirms resistance zones.
- Trading below 200 EMA and 50 EMA, indicating bearish momentum.
- Increased selling volume reinforces the downtrend.
- Strong continuation expected towards lower target levels.
✅ Get Ready for the Move!
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NZDCHF Nearing Completion of Bullish Harmonic PatternNZDCHF Nearing Completion of Bullish Harmonic Pattern
NZDCHF is about to complete a bullish harmonic pattern. The price found strong support near 0.5080, indicating the presence of a solid support zone. NZDCHF is also part of a larger pattern, increasing the chances for this bullish wave even more.
Resistance areas are located at 0.5110, 0.5120, and 0.5232.
You may find more details in the chart!
Thank you and Good Luck!
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