BeFi Labs Hit Bottom November 2024, Bullish Confirmed —1650% PotHere we have a nice sequence of events and a classic bullish signal, the higher low.
Notice the strong 'bearish wave'. Invariably, a bearish cycle is followed by a bullish cycle. A bullish cycle is preceded by a bearish cycle. After a bullish cycle we get a bearish cycle, back and forth. Over and over, again and again.
A bottom low in November 2024 produces a strong bullish breakout, the 'initial bullish breakout'. This one amounted to 600%. The initial breakout is corrected and the correction ends in a higher low.
We are looking at the first green session after a strong bearish impulse.
The higher low will lead to a new bullish wave. This bullish wave has potential to grow beyond 1,000%. Without considering a new All-Time High, 1,650% is possible.
This is based on technical analysis.
This is my translation of the chart.
The chart represents a form of financial hieroglyphs, a different language, a bunch of codes. Do you agree with my translation?
Thanks a lot for your continued support.
Crypto is going up.
Namaste.
Trend Analysis
Mastering the Bullish Engulfing PatternHello, Traders! 👋
Finding powerful reversal signals in a downtrend can be challenging, but what if a pattern was so visually striking that it's almost impossible to miss? Enter the bullish engulfing pattern – one of technical analysis's most reliable reversal signals. Today, we'll explore everything you need to know about the bullish, engulfing candlestick pattern and how to trade it effectively.
What Is a Bullish Engulfing Candle? 🔍
The bullish, engulfing candlestick tells a compelling story of market psychology. After a downtrend, a small bearish candle appears, suggesting continued selling pressure. But then something dramatic happens—a powerful bullish candle completely “engulfs” the previous day's trading range, signaling a dramatic shift in market control.
When asking, “what is a bullish engulfing candle?” think of it as a visual representation of bulls overwhelming bears in a single, decisive battle. The engulfing bullish pattern is particularly powerful because it shows not just buyer interest but complete buyer dominance.
Identifying the Perfect Bullish Engulfing Pattern 🎯
On the left side of the chart, we can see the formation of the Bullish Engulfing pattern. This consists of a smaller red candle completely engulfed by a larger green candle that follows it. To spot a valid bullish engulfing candle pattern, look for these essential elements:
A Clear Downtrend: Like any great comeback story, the engulfing bullish formation needs context.
First Candle Characteristics: A relatively small bearish candle, showing the last gasp of selling pressure.
The Engulfing Candle: The second day's bullish candle must completely engulf the previous day's real body, which puts the “engulfing” in bullish engulfing.
Opening and Closing Prices: The engulfing bullish pattern requires the second candle to open below the previous close and close above the last open.
On the right side of the chart, we can observe the Bearish Engulfing pattern. This formation shows the opposite scenario, where a larger red candle completely engulfs the body of the previous green candle. This pattern forms after several bullish candles, suggesting a potential reversal of the upward movement.
Why Does the Bullish Engulfing Pattern Work? 📊
The power of the bullish, engulfing candlestick pattern lies in its psychology. When a downtrend is in place, sellers feel confident, but the appearance of an engulfing bullish candle represents a dramatic shift in market sentiment. This sudden change often triggers a chain reaction:
Stop Losses Trigger (short sellers rush to cover their positions)
New Buyers Enter (fresh capital flows in as traders recognize the reversal signal)
Momentum Builds (the combination creates a self-reinforcing upward cycle)
Trading the Bullish Engulfing Pattern: A Strategic Approach 💡
Successfully trading the bullish engulfing pattern requires more than just pattern recognition.
Volume Confirmation: Look for higher-than-average volume on the engulfing day, confirming strong buyer participation.
Support Levels: The pattern becomes more powerful when it forms near key support areas.
Size Matters: The larger the engulfing bullish candle, the more significant the potential reversal signal.
Overall Market Trend: The pattern carries more weight in line with larger timeframe trends.
Market Conditions: Consider volatility and trading volume when assessing pattern strength.
Bringing It All Together 🎓
The bullish engulfing pattern is one of technical analysis's most powerful reversal signals. By understanding its formation, psychology, and proper trading approach, you can add a valuable tool to your trading arsenal.
Remember: successful trading isn't about finding a perfect pattern—it's about finding and managing high-probability setups. When adequately identified and traded, the bullish, engulfing candlestick pattern offers precisely that kind of opportunity.
Snowflake Inc. TP-$175Technical Analysis:
-Accumulation on the daily chart with some compression
-Bullish engulfing candle on the weekly chart
-Crossover of the 20-50 moving averages on the weekly chart
-Magnetic point slightly above $175
-Strong support at the 20 EMA on the monthly chart
-Momentum on the monthly chart
GBPCAD Strong SELLing zone, Formed continuation pattern in CHART📉 GBPCAD Price Forecast 📉
GBPCAD is currently trading in a selling zone, forming an Inverted Flag and Pole pattern, which is a continuation pattern indicating further bearish movement. The pair is also trading below the 200 EMA, confirming strong bearish sentiment.
The market is approaching a breakdown of the flag pattern, with a potential for a strong bearish candle to trigger the move. Based on the pole height projection (420 pips), this setup offers an excellent risk-to-reward opportunity.
🎯 Technical Target Levels:
- 1.7340
- 1.7120
📌 Key Highlights:
- Inverted Flag and Pole pattern confirms bearish continuation.
- Trading below the 200 EMA, reinforcing selling pressure.
- Target range of 420 pips, providing substantial profit potential.
- Watch for a breakdown of the flag pattern for entry confirmation.
✅ Stay Ahead in the Market!
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Don’t miss this potential big move—prepare for profitable trading! 🚀
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PEPE Targets $0.00002300: Smart Money Drives Bullish Breakout!PEPE/USDT 4H Chart Analysis (SMC Principles)
Current Market Condition:
Price: $0.00001968.
Bias: Bullish after breaking above the equilibrium zone ($0.00001800-$0.00001900).
Key Levels:
Support:
Discount zone: $0.00001700 (recent accumulation).
Equilibrium zone: $0.00001800-$0.00001900.
Resistance:
Premium zone: $0.00002100 (T1).
Previous swing high: $0.00002300 (T2).
Momentum Indicators
:
RSI: At 65.3, indicating healthy bullish momentum without entering overbought territory.
Hidden bullish divergence : Observed on RSI from recent lows, confirming further potential upside.
Trade Setup:
Entry: $0.00001950-$0.00001970.
Targets:
T1: $0.00002100 (premium zone).
T2: $0.00002300 (previous swing high).
Stop Loss: Below $0.00001800 (to minimize risk).
Risk-to-Reward: Favorable setup with controlled downside.
Confidence Level: 8/10 for continued bullish movement.
Market Maker Activity:
Accumulation: Significant buying occurred in the discount zone ($0.00001700), signaling smart money interest.
Current expectation: Controlled price increases targeting premium zones, with potential minor shakeouts at key levels to test weaker hands before continuation.
Considerations:
Support test: Ensure price remains above $0.00001900 to maintain bullish momentum.
Volume confirmation: Monitor for consistent buy volume near entry and resistance levels.
Resistance reaction: Be cautious at $0.00002100 (premium zone) for signs of temporary rejection or distribution.
This setup suggests a strong bullish continuation to $0.00002100-$0.00002300, supported by institutional activity and favorable market structure.
Detailed Gann Analysis NC:USDTThis 15-minute chart of NC/USDT on KuCoin utilizes Gann square levels and angles to forecast price movements. The Gann grid helps to visualize key support and resistance levels along with time-based turning points.
Key Observations:
1. Price Levels:
Highlighted Gann Degree Levels serve as critical zones for market reactions:
0° = 0.07000 USDT: The foundational support level. A breach below this would indicate strong bearish momentum.
45° = 0.118083 USDT: Minor support. This level could act as a short-term bottom during a correction.
90° = 0.178666 USDT: Recently broken, acting as a strong support-turned-resistance level.
135° = 0.251749 USDT: Current significant support where consolidation is likely.
180° = 0.337332 USDT: Major resistance zone.
225° = 0.435415 USDT: Long-term target for bulls if upward momentum continues.
2. Price Action:
Current Price: 0.29688 USDT (-6.72% in the last session).
The price shows rejection after testing the 180° level (0.337332 USDT), indicating strong selling pressure.
The bounce from 135° (0.251749 USDT) suggests this level is currently acting as support.
Time Cycle Analysis:
17 Jan 2025, 23:15: The chart aligns with a critical turning point. Monitor for breakout or breakdown signals.
18 Jan 2025, 21:45: Another pivotal time zone where volatility is expected.
19-20 Jan 2025: The Gann grid indicates a possible shift in trend or continuation of the current movement.
Scenarios to Watch:
Bullish Scenario:
Trigger: Sustained break above 180° (0.337332 USDT) with significant volume.
Targets:
First Target: 225° (0.435415 USDT).
Extended Target: Above 0.500000 USDT if bullish momentum strengthens.
Bearish Scenario:
Trigger: A breakdown below 135° (0.251749 USDT).
Targets:
First Target: 90° (0.178666 USDT).
Final Support: 45° (0.118083 USDT) and 0° (0.07000 USDT).
Trade Plan:
Long Position Setup:
Enter above 0.337332 USDT after a confirmed breakout.
Stop-loss below 0.29688 USDT.
Targets: 0.435415 USDT and higher.
Short Position Setup:
Enter below 0.251749 USDT after a breakdown.
Stop-loss above 0.29688 USDT.
Targets: 0.178666 USDT and 0.118083 USDT.
Conclusion:
The chart presents a clear range of actionable levels based on the Gann analysis. The next few sessions, especially around the highlighted time cycles, will be crucial to confirm the trend direction. Share your thoughts and let’s discuss potential strategies! 🚀
GBPNZD SELLing scenario strong, 350+ PIPS TP CONFIRMED...📉 GBPNZD Price Forecast 📉
GBPNZD is currently in a selling zone, forming an Inverted Flag and Pole pattern, which is a bearish continuation signal. The pair is trading below the 200 EMA, reinforcing strong downside momentum.
The market is approaching a breakdown of the flag pattern, with a strong bearish candle nearly confirming the move. Based on the pole height projection (350 pips), this setup offers significant profit potential.
🎯 Technical Target Levels:
- 2.1600
- 2.1425
📌 Key Highlights:
- Inverted Flag and Pole pattern indicates a continuation of the bearish trend.
- Trading below the 200 EMA, confirming selling pressure.
- Target range of 350 pips, offering an excellent opportunity for traders.
- Watch for a confirmed breakdown of the flag pattern to enter.
✅ Don’t Miss Out!
Like, comment, and follow for accurate updates and timely trade setups.
Join the community to stay ahead in the market and trade profitably! 🚀
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Bearish drop off pullback resistance?USD/ZAR has reacted off the pivot which is a pullback resistance and could drop to the 78.6% Fibonacci support.
Pivot: 18.8560
1st Support: 18.5925
1st Resistance: 19.0351
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DOGE: The next leg up is coming!Previously, the price formed a symmetrical pattern and broke out to the upside, resulting in a notable gain of 22%.
Currently, the price is just below a critical resistance level. A break above this level could push the price to at least $0.435.
It’s wise to monitor this setup closely if you want to capitalize on the next upward movement!
The idea is to buy when the price breaks above 0.402$ and take profits at the levels shown in the chart.
Targets:
1. 0.412$
2. 0.422$
3. 0.435$
-------------------------------------------
About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
#AUDUSD WEEKLYAUDUSD (Weekly Timeframe) Analysis
Market Structure:
The price is currently testing a channel support level that has consistently acted as a strong base for upward movements in the past. This indicates a potential area for bullish momentum to emerge if the support holds.
Forecast:
A buy opportunity is anticipated if the price confirms a bounce from the channel support, signaling a potential move toward the upper boundary of the channel.
Key Levels to Watch:
- Entry Zone: Near the channel support level after confirmation of a bounce.
- Risk Management:
- Stop Loss: Placed below the channel support to limit downside risk in case the pattern fails.
- Take Profit: Target the midline or the upper boundary of the channel for potential upside gains.
Market Sentiment:
The price action at the channel support reflects a possible bullish sentiment, with buyers likely to regain control if the support remains intact. Waiting for confirmation of a bounce is recommended before entering the trade to ensure alignment with market direction.
The TOTAL3 Breakout: Does This Signal the Start of Altseason? This chart displays the price action of what's labeled as "TOTAL3," which represents the combined market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum. Essentially, it tracks the overall value of the altcoin market.
The chart depicts the price action of the "Crypto Total Market Cap Excluding BTC and ETH" (referred to as TOTAL3 in the label) over a period from October 2024 to April 2025. We can see a clear uptrend followed by a period of consolidation, and then a breakout from that consolidation pattern.
Key Observations
Initial Uptrend: The chart shows a strong, steep uptrend that begins around November 18, 2024. This indicates a period of significant buying pressure and increasing valuation for altcoins (crypto excluding BTC and ETH).
Consolidation: Around early December 2024, the upward momentum slows, and the price enters a consolidation phase. This is characterized by a rangebound pattern that appears to be forming a descending triangle.
The white trendlines clearly define this descending triangle pattern, with a descending resistance line and a horizontal support line. This pattern is typically considered bearish.
Bullish Breakout: Around mid-January 2025, the price breaks above the descending resistance line of the triangle. This is a bullish breakout, indicating that buying pressure has overcome the previous selling pressure. The price rises above the upper trend line and confirms the breakout.
Timeframe: The chart is using a daily (1D) timeframe, which is suitable for mid- to long-term analysis.
Interpretation and Potential Implications
Bullish Signal: The breakout from the descending triangle suggests a continuation of the initial uptrend and is considered a bullish signal. It implies that the market may be entering another phase of price appreciation for altcoins (excluding BTC and ETH).
Confirmation Needed: While the breakout looks valid, it would be beneficial to monitor volume activity to confirm the strength of the breakout.
Possible targets: The length of the base of the descending triangle could be added to the breakout point for a possible target, assuming it continues upwards.
Risk Management: As always, with any price pattern, a successful breakout is never guaranteed. Traders may consider setting a stop-loss below the breakout line as part of their risk management strategy.
$DOGE strong breakoutCRYPTOCAP:DOGE has a strong breakout, but in my opinion it is still too dependent on #Bitcoin.
Doesn't mean that I still expect a best run before the alt season starts.
In fact, when I see the replay of January 2021 and this January, we may well see an initial target of $1.6 for #DOGE.
This is only a foretaste of what is to come.
For now let's see what we can expect around Trump's inauguration and what this will do to the market.
Be kind to the world and each other!
XAUUSD TECHNICAL SETUPHello Traders, this is my idea on XAUUSD next move .kindly boost my charts and follow me for best technical analysis.
XAUUSD is working in long trend beautifully so I am again going to with long trend cause XAUUSD is not in good mood to fall. XAUUSD has touched the middle line of parallel channel and now it is going for long again, according to the trend gold can fly till the mentioned target 2735/2740 because that is resistance also . XAUUSD is now at support zone so from here buyers are active and will go for the long..
KEYPOINTS
ENTRY 2704
TARGET 2735/2740
SL 2690
if you love my charts then boost it and follow me for more technical analysis.
Gold ready for a correctionTechnical analysis: I spotted increasing Resistance level seen Trading at #2,722.80 - #2,727.80 configuration and as Doji Star Bearish reversal candle was delivered, it is possible to extend the Selling sequence below #2,700.89 psychological benchmark as Buying pressure is easing as Fundamentals are not affecting Gold market as is was the case on few previous sessions. Volume remains relatively Low so these upside attempts should remain very limited unless huge Fundamental after-effect happens (less likely). I have now updated the main correlation shift from Bond Yields to DX, so take that into consideration prior to positioning. Only reason why Gold stays ranged and not losing more is DX on spiral downtrend, testing it's Daily chart's Support zone which is applying Intra-day Buying pressure on Gold. Keep in mind that previous Selling attempts were rejected however current configuration points that if Short-term switch occurs (Bearish), Selling potential will be here to stay. I believe in Selling potential and now is the chance to take the Risk and Trade this once #2,700.80 benchmark gives away. In any case, if you are a Medium or Long-term Investor, this is the opportunity you get once every #2 Years. If however #2,700.80 gets invalidated on Daily chart first rather than #2,727.80 Resistance, I have to consider it as an invalidation to this Buying sequence and a Bearish break-out sign (small chances for Bullish outlook to develop, very limited as well Fundamentally).
My position: Even though I have announced #2,727.80 Resistance test, Traders who Bought should already take their Profit. I am expecting serious correction on Gold once #2,700.80 benchmark gives away.