The GATEIO:AGRSUSDT pair has been showing signs of potential breakout but also carries risks of correction. Here's an in-depth look at its current technical stance: Timeframe: 4 Hour Chart Current Price: $1.25 USDT Trend Analysis: Short-Term Trend: The pair has been consolidating, forming a narrow range. This can often precede significant moves, either up or down. Medium-Term Trend: Over the past weeks, IDX:AGRS has been in a slight uptrend, marked by higher highs and higher lows, though with considerable volatility. Key Levels: Support Level: $1.20 USDT - This has acted as a strong psychological and technical support, where previous pullbacks have found buying interest. Resistance Level: $1.52 USDT - The price has tested this level multiple times, showing resistance to moving higher without significant volume or news-driven catalyst. Technical Indicators: Moving Averages (MAs): The 50 MA (Moving Average) is currently below the 200 MA, suggesting a bearish crossover on the longer timeframe, but on the 4-hour chart, a recent bullish crossover (50 MA crossing above 200 MA) hints at short-term bullish momentum. RSI (Relative Strength Index): RSI is currently at 58.87, which is in the neutral territory, indicating no immediate overbought or oversold conditions. However, a move above 70 might signal overbought conditions, suggesting a possible correction. MACD (Moving Average Convergence Divergence): A bullish MACD crossover has occurred recently, which might signal an impending rally if volume picks up. However, the histogram is still close to the zero line, indicating the strength of the bullish move is yet to be confirmed. Volume Analysis: Volume has been inconsistent, with some spikes during price movements but no sustained increase that would confirm a strong trend direction. A breakout or breakdown with high volume would be a significant signal. Pattern Recognition: Possible Bullish Divergence: On the 4-hour chart, there's a hint of a regular bullish divergence forming at the resistance. This could be a precursor to a breakout if confirmed by price action and volume. Flip Zones: Identified orange zones on the chart could serve as flip zones, where previous resistance could turn into support or vice versa, offering strategic trade entries or exits. Price Predictions: Bullish Scenario: A confirmed breakout above $1.52 with high volume could see GATEIO:AGRSUSDT moving towards $2.00 or even $2.50 if the bullish momentum sustains. Bearish Scenario: If the price fails to break through resistance and instead falls back to test support, we might see a correction towards $1.20 or lower, particularly if broader market sentiment sours. Risk Management: Given the volatility, setting tight stop losses around support levels for long positions and below recent swing lows for short positions is advisable. Look for volume confirmation on any move to validate the direction. Conclusion: GATEIO:AGRSUSDT is at a pivotal point. Traders should watch for volume and price action at current resistance and support levels. A breakout with volume could signal the beginning of a new trend, while failure here might lead to further consolidation or a bearish move. Happy Trading NFA
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price trades inside the range, where it reaches the top part and then starts to fall. In a short time, BTC fell almost to the bottom but then turned around and made an impulse up, exiting from range and continuing to grow inside an upward wedge. In this pattern, the price soon reached the 90500 support level, which coincided with the buyer zone, and then broke it, made a retest, and continued to move up. Later BTC reached the resistance line of the wedge and then corrected the support level, after which it rebounded at once and then rose to the current support level. Price tried to break, but failed and dropped to the 90500 level, after which at once continued to move up and soon reached the current support level, which coincided with the seller zone. Then the price broke the 103000 level and rose to the resistance line of a wedge, but a not long time ago it declined to the seller zone, where BTC continues to trades to this day. So, in my mind, the price can decline to the support line and then start to grow to the resistance line of an upward wedge. That's why I set my TP at 110000 points (new ATH), which coincided with the resistance line. Please share this idea with your friends and click Boost ?
We closed our bearish trades at 2633 which gives spectacular results ,we started selling from 2645. For today what we have ? Market got rejection from 2633 area and retraced back upwards which confusing the traders ,as we announced in our commentary Market in in rangbound from 2665-2630 area. Today if market closes above 2648 area then our eyes will be at 2665 where we will wait and watch the market momentum and wait for the confirmation of rejection or either more pull up. On the other hand ,if the H4 closes below 2640 area then our eyes will be 2620 first then 2605 in extension. Additionally XAUUSD Price-action is in down trend we can expect more down side after clearing 2660 area. Today FOMC is also comming and we are expecting gold may rise till FOMC then got rejection from 2660-2665. however,our eyes still on 2600 benchmark.
We are now watching for bearish price action on the lower timeframe. I will use trendline break, fibs, or BOS to find the reversal point. Targeting 91 (750pips)
The Fed is set to cut interest rates for the third time in a row, by 25 basis points. ➡️➡️- Rate estimates in the Fed's "dot plot" from September forecast 100 basis points of cuts in 2025. ➡️➡️- Wall Street is predicting fewer cuts next year, for a total of 75 basis points. And some are predicting just 50 basis points, a level consistent with swap market pricing. ➡️➡️- Fewer cuts in 2025 are also consistent with the U.S. economy proving more resilient than officials expected just a few months ago. Recent data show inflation is falling more slowly than officials had expected and the labor market is not weakening as much as feared. ➡️➡️- The most important piece to watch is Fed Chairman Powell's remarks and press briefings.
According to the 1h analysis, I'm personally looking for a selling opportunity from the resistance area near 2653.00 & 2656.00 Targets:- 2625.00 / 2614.00 / 2605.00 Don't place any advance orders for now. Use good bearish confirmation for the entry. Remember one thing if the price successfully closes above 2665.00, then stay away from selling. CAPITALCOM:GOLD
Avax is a limited coin. Its formation is strong. The cup handle is completed.
The AUDUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a valid failure of the channel ceiling, we can see the supply zones and sell within those zones with the appropriate risk reward. If the downward momentum decreases, we will look for buy positions on the midline and bottom of the channel. Investors are cautiously anticipating the key decisions from the U.S. Federal Reserve’s upcoming policy meeting. It is widely expected that the central bank will announce its third rate cut of the year and provide projections for 2025. Giovanni Staunovo, an analyst at UBS, noted that market participants are eagerly awaiting updates from the Federal Open Market Committee (FOMC) and any hints regarding the trajectory of future rate cuts. He stated, “We expect the Federal Reserve to implement a 25 basis point rate cut this week, followed by four additional cuts next year.” The Federal Reserve’s two-day meeting is anticipated to confirm a quarter-point rate reduction while also providing updated projections for potential rate cuts in 2025 and possibly 2026. Meanwhile, the U.S. services sector has expanded at its fastest pace since October 2021, injecting fresh momentum into the economy, even as the manufacturing sector faces a deeper downturn. The S&P Global services index rose from 56.1 to 58.5 in December, while the manufacturing PMI fell to 48.3, marking its lowest level in 55 months. These figures highlight a widening gap between sustained growth in the services sector and further declines in manufacturing. Factory output and order volumes have dropped at a faster pace, while the cost of imported raw materials from China has risen due to concerns over potential tariffs from the Trump administration. Following the release of this data, projections for real private gross investment growth in the fourth quarter dropped from 2.4% to 1.2%, while forecasts for real government spending growth in the same period rose from 2.4% to 2.6%. Additionally, U.S. holiday retail sales for 2024 are expected to reach a remarkable $979 billion. According to a recent report by Fitch Ratings, declining demand poses the most significant risk to global commodity markets if the U.S. imposes new tariffs and affected countries retaliate. Fitch has warned that potential U.S. tariffs on China, Canada, and Mexico could weaken global economic growth, particularly in China, the world’s largest consumer of commodities. This could exert significant pressure on base metals, chemical products, and oil markets. However, Fitch also noted that China’s economic stimulus measures could offset some of this pressure. At the same time, new tariffs on specific goods, such as steel and aluminum, could increase price volatility and disrupt trade routes. Bloomberg reported that J.P. Morgan believes the upward trend in European government bonds is nearing its end. The firm now views Australia as the next promising market for stronger performance. Kim Crawford of J.P. Morgan explained that there is limited room for further gains in Europe, as swap markets have already priced in the potential rate cuts by the European Central Bank. He also highlighted that the Reserve Bank of Australia’s stance, which has yet to reduce rates in this cycle, positions Australian bonds for stronger growth compared to other developed markets.
Summit Therapeutics Inc. (SMMT) is consolidating within a descending triangle pattern , nearing a critical breakout zone. With price action hovering around the $18.57 support level, a breakout and retest of the resistance trendline could trigger a significant upside move. Key Setup Triangle Range: The pattern started at $27.00, with the base forming strong support at $18.00. Height: $27.00 - $18.00 = $9.00. Current Price: $18.57. Trading Plan ? Entry: After a confirmed breakout and retest of the descending trendline (~$19.20). ? Upside Targets: Target 1: $22.45 Target 2: $24.35 Target 3: $26.85 ⚠️ Stop-loss: Below the base at $17.90 to manage risk. Volume Confirmation A breakout above $19.20 with strong volume is essential to validate the move. Watch for price retesting the trendline as new support before taking a position. Fundamental Insights Recent EPS: SMMT reported EPS of −0.05 USD, outperforming estimates of −0.07 USD. However, next quarter EPS is expected to drop slightly to −0.08 USD. Revenue Forecast: Revenue for the next quarter is projected to remain at 0.00 USD. Analyst Target: Analysts have set an ambitious price target of $33.33, with estimates ranging from $23.00 to $44.00. Also, SMMT has received a "Strong Buy" rating from 6 analysts in the past 3 months, showing strong market sentiment. Overall, SMMT offers a promising breakout setup supported by strong technical and analyst sentiment. Traders should remain patient and enter only after confirmation to minimize risk. Keep an eye on $18.57 support, $19.20 breakout level, and the exciting $33.33 analyst target. Remember, this is not financial advice — always do your own analysis. ? What do you think? Will SMMT hit Target 3 or beyond? Let me know below! ?? #SMMT #TechnicalAnalysis #DescendingTriangle #TradingSetup #TradingView
Liebe Tradingview - Community! ? Der Bitcoin ist gestern Nachmittag auf $108.500 angestiegen, gefolgt von einer 5% Korrektur, die heute morgen vorerst einen Boden bei $103.000 gefunden hat. Damit wurde der 3. Spike vollendet, seit wir das Ascending Triangle bei $92000 verlassen haben. Dies ist natürlich kein Grund den Kopf in den Sand zu stecken, wir müssen jedoch auf dem Schirm haben, dass der Bitcoin durchaus die $100.000 aufsuchen könnte, auch der POC bei $98000 wäre drin. Solange wir kein tieferes Tief bilden, bleibt alles in bester Ordnung. Kurz vor dem US-Zinsentscheid gibt es in der Regel kaum großartige Volatilität an den Märkten. Wir sind gespannt, wie sich der Chart so kurz vor den Feiertagen noch entwickeln wird. Krypto-News: ? Die EU-Abgeordnete aus Frankreich, Sarah Knafo, hat sich vor dem EU-Parlament gegen den digitalen Euro ausgesprochen und fordert, stattdessen eine EU-Bitcoin Reserve einzuführen, um dem Kaufkraftverlust entgegen zu wirken. Es sei Zeit die Überregulierung von Krypto zu stoppen und den „totalitären Versuchungen“ der EZB ein Ende zu setzen, so die Juristin. Im Oktober 2025 wird bereits über die Einführung des digitalen Euro entscheiden. Ab 01.01.2025 tritt die MiCA - Verordnung vollständig in Kraft, ab diesem Zeitpunkt brauchen Krypto Dienstleister aufwendige Zertifizierungen, die Innovationen des Krypto-Sektors in der EU unattraktiv machen. Außerdem bekommen Walletanbeiter und Kryptobörsen verschärfte KYC Vorschriften, es darf ab nächstem Jahr keinen KYC freien kauf von Kryptowährungen mehr geben. EU - Bitcoin Reserve??? You wish! ? ETF-Flows: ? Die üblichen Verdächtigen der Bitcoin SPOT ETFs haben gestern leichte Abflüsse zurückgemeldet. Insgesamt sind 253 Millionen USD abgeflossen, dass kann uns jedoch egal sein, denn BlackRock´s IBIT hat mit 741 Millionen USD an Zuflüssen dagegen gehalten! Am Ende des Tages standen damit kumuliert +493 Millionen USD auf der Uhr! ? Wirtschaftskalender: 20:00 —— FOMC - Statement mit Fed-Zinsentscheid 20:30 —— Pressekonferenz Jerome Powell ? Heute ist es soweit, es findet das letzte FOMC-Meeting mit Fed-Zinsentscheid für das Jahr 2024 statt. Laut CME - WatchTool soll es mit 95% Wahrscheinlichkeit, eine weitere Zinssenkung um 0,25% geben. Spannend wird auch die Pressekonferenz mit Fed-Chairman Jerome Powell, denn bisher ist laut den Probabilities die Mehrheit der FOMC Mitglieder für zwei Zinssenkungen um insgesamt 0,5% im Jahr 2025. ⚠️ Es kann zu erhöhter Volatilität während der Veröffentlichung und der Pressekonferenz kommen. ⚠️ Lass uns gerne ein Abo da, wenn dir unsere Updates gefallen. ✌️