XRP 8h. Support level still $1.29 as prediction this zone. DYOR NFA TYOR
DSYNC deviation in play right now. Holding orange box is important to confirm this deviation
According to our models QQQ will keep correcting for another 3-4 Weeks and approximate correction would be 8% Entry Short: 524 Exit Short: ~ 480 All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
ETH bounce swing trade to new ATH-s in the upcoming months
### Technical Analysis for Gold: Bearish Outlook Below 2652/2666 Current Market View: Bearish Time Frame: 30-Minute and Daily --- #### Key Resistance Zone: - Critical Resistance Levels: The primary resistance area to monitor is 2635/2652 and 2666. This zone is pivotal because a rejection from this range could signal a strong bearish movement in gold prices. --- ### Chart Analysis: - 30-Minute Bearish Flag Pattern: The analysis highlights a developing bearish flag pattern on the 30-minute chart, indicating consolidation before a potential downward breakout. This pattern typically suggests that the market may revisit lower price levels after a brief period of consolidation. --- ### Trading Strategy: 1. Entry Point: - Look for short entry opportunities if the price stays below the 2652/2666 zone. A confirmed breakdown below the flag pattern can serve as an indicator to enter short positions. 2. Targets: - Based on previous charts and published analysis, traders should set targets according to established support levels. Monitoring previous lows will provide insight into potential target points for take profit. 3. Stop-Loss Placement: - To manage risk, place a stop-loss order just above the resistance levels—ideally above 2666—to safeguard against unexpected reversals. --- ### Conclusion: The current sentiment for gold remains bearish below the 2652/2666 resistance area. Traders should focus on the bearish flag pattern forming on the 30-minute chart and watch for opportunities to enter short positions. Keep an eye on the daily chart for additional confirmation of this bearish outlook as the situation unfolds. Act decisively, and ensure appropriate risk management as you navigate this bearish trend!
Opened with a gap of 3% on the upside. The start wasn't that good. A couple of losses were incurred at the beginning. But covered in later trades. Credit goes to "adding to the winners". XNGUSD was sometimes leading and sometimes lagging. The script gave retailers ample amount of time to think. Even though the direction of XNGUSD and Natgas against the rupee was the same there was some price slippage. Due to this getting to the conclusion was a bit tricky. As always scalpers must've exited with some profit.
The CRYPTOCAP:XRP re-test of the $2 level could be the end of the 2/5 Elliot Wave of the #Ripple bullish cycle. The bullish potential is based on: - The recent launch of #RLUSD, - Trump's embrace of US #altcoins, - the appointment of a pro-crypto SEC #chairman - the resolution of Ripple's legal battle with the #SEC, and - the approval of the XRP-focused exchange-traded funds
M87 - My TA has been perfect on this one. What's next? I expect us to bounce to the box on top reclaim and go higher.
Licking me chops. Wait for a retracement on smaller time frame. Target the gap or Sunday market open. Well see how this plays out next week.
This consolidation is a bit confusing from an Elliott Wave perspective. My current working hyposthesis is we are in a giant (somewhat enlongated) running flat, with waves A and C being zig zags, and B being an expanding triangle. This being wave 4/5/5 for the cycle. Overall, on higher time frame though, a running flat seems to appear. Correction is not complete yet however so currently unsure. My previous analysis (one posted before this one) and the guideline of alternation both suggest that we won't have a big drop toward 70-80K or whatever. However this of course is always possible. Markets will do what they will do!--If this does occur, however, it will likely be a 'fake-out' or 'bear trap' to the downside and will be resolved quite quickly.