Virtuals Protocol (VIRTUAL) has recently hit an all-time high at around 3.13 usd, showing significant momentum. Given its current price surge and market behavior, there are a few key factors to consider for price discovery: 1. Overbought Conditions: VIRTUAL is currently showing signs of being overbought, with the Relative Strength Index (RSI) reaching levels above 70, which typically signals a potential for correction. However, if buying pressure continues, the price could keep rising, as it has been in overbought territory in the recent past and pushed through to new ath's. 2. Resistance and Support Levels: Looking ahead, VIRTUAL's next potential resistance levels could be around $5 aligning with the 161.8 Fibonacci extension level depending on market sentiment and continued buying. Support levels are currently around $2.46 aligning eith the 78.6 fib retracement level and $2 beneath that, with the real possibility of testing lower levels if a correction occurs. 3. Market Trends: The price is still experiencing significant bullish momentum, and if the rising wedge pattern holds, a breakout could push VIRTUAL beyond its current levels. However, it's important to monitor for any signs of a reversal, as price corrections could be imminent. In summary, while VIRTUAL is in a strong uptrend, be prepared for potential volatility and corrections. Keep an eye on support levels and market indicators like RSI and MACD for signs of trend shifts, but the real indicator will be watching the 2.46 and 2.00 level.
1. Rising Wedge Pattern: A rising wedge has been detected, which is a bearish reversal pattern. This typically signals a potential price breakdown. The wedge resistance aligns near 71.00–72.00, indicating a potential cap. 2. Key Zones: Premium Zone: Around 70.80–71.00, where sellers have shown dominance previously. Equilibrium: Price around 68.90 marks a fair value where buyers/sellers balanced previously. Discount Zone: Strong demand zone lies between 66.50–67.00, suggesting significant buying pressure. 3. Moving Averages: Price is above the 200 EMA, indicating an overall short-term bullish trend, but the rising wedge introduces caution. 4. Support Levels: Immediate Support: $70.00 Next Support: $68.90 (Equilibrium level) 5. Indicators: Volume Analysis: Lower volumes during the upward move suggest weakening bullish momentum. Momentum: If price fails to sustain above $70.80, sellers may take control. Trade Strategy 1. Short-Term Bearish Setup: Sell: Near 70.80–71.00 (wedge resistance). Target: 1st Target: 69.50 (initial drop support). 2nd Target: 68.90 (Equilibrium level). Stop-Loss: 71.50 (above wedge resistance). 2. Long Setup at Discount Zone: Buy: Near 67.00 (discount zone support). Target: 1st Target: 69.50 2nd Target: 70.50 Stop-Loss: 66.52 Key Watchouts A confirmed break below the wedge at $70.00 will validate a bearish move toward 68.90. A break above 71.50 would invalidate the bearish setup and signal further upside toward 72.50–73.00. Trade cautiously around the rising wedge, as breakdowns can be sharp. Use stop-losses to manage risk effectively.
wait and enter. Breakout from the range. volume levels are not very high. wait for next day high . (or) wait for retest. only education purpose only.
Following a recent downturn, gold has retraced to a significant structure that was recently breached. I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern. These breakouts suggest a strong likelihood of a continued bearish trend. It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
i regard the blue channel as a right shoulder/extension of the inverted HnS it is a bull fleg to me on lower tf's the channel has been broken to the upside and retested some tf's still have the 200sma above the price, price needs to break those to complete an upmove
LINK on weekly since its inception bounced from 0.618 fib starting new cycle. If it matches previous cycle path we can see it at $500 this cycle. Not financial advice. Just a math.
Two entry setup for gold, Let's see what happens. Please consider the risk management. Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you. Best Regards Navid Nazarian
Now bitcoin has fully entered the upward channel, although in the upward process may be due to some factors out of the fluctuation adjustment, but this is only a trend correction adjustment compared to bitcoin, before Christmas, bitcoin will most likely reach a new high of 110K! If not, it will be the New Year! Good luck!
1. Key Observations Across All Charts Timeframes: Indicators Used: EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends. Price is below both EMAs, indicating a bearish trend across all timeframes. VWAP: Volume Weighted Average Price – used to spot fair value. The price is trading below VWAP in all charts, supporting the bearish bias. MACD: Shows bearish momentum, with histogram bars below the baseline. RSI: Indicates oversold or overbought conditions. On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory. Support and Resistance: Clear zones identified for potential bounce-back or continuation: Next Key Support: Around 1.2600 to 1.2550. Major Support: Around 1.2500. Psychological Resistance: 1.2800. Higher Target: 1.2900 (major resistance if bullish recovery happens). 2. Detailed Chart Analysis 15-Minute (Short-Term View) Trend: Bearish, with lower highs and lower lows forming. Indicators: Price is below EMA 50 and EMA 200. RSI: Near 30 (oversold). MACD: Histogram shows weak bearish momentum. Interpretation: The price may attempt to test support near 1.2600. If support holds and RSI rises, expect a short-term pullback towards 1.2670. A breakout above the 50 EMA could shift momentum. 30-Minute Chart Trend: Continues bearish with resistance near 1.2680 and support near 1.2600. Indicators: EMA 50 and 200 are both sloping downward. RSI remains under 40 – slight bearish momentum. Trade Idea: If price rebounds from 1.2600, target 1.2680 (short-term resistance). If it breaks below 1.2600, next stop is 1.2550. 1-Hour Chart Trend: Bearish. Indicators: Price is well below EMA 50 and EMA 200. MACD remains bearish with increasing histogram size. Support: 1.2600 to 1.2550. Resistance: 1.2800 (psychological level). Trade Idea: A bounce from 1.2600 could lead to testing EMA 50 at 1.2700. Break below 1.2550 opens a path to further downside (e.g., 1.2500). 4-Hour Chart Trend: Strong bearish trend after rejection at 1.2800. Support: 1.2600, followed by major support at 1.2500. Indicators: RSI at 24 – highly oversold. MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum). Trade Idea: Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens. Upside target: 1.2700 to 1.2800. 1-Day Chart (Long-Term View) Trend: Downtrend following failure to hold above 1.2800. Support: Clear at 1.2600 (next key) and 1.2500 (major support). Indicators: RSI: Near 21, very oversold (potential for a rebound). MACD: Bearish, but the pace may slow. Trade Idea: A pullback is likely from oversold conditions. Buying opportunities exist between 1.2550 - 1.2600 with targets at: 1.2700 (short-term), 1.2800 (psychological resistance). 3. Summary of Trade Ideas Short-Term (15M - 30M): Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700. Stop-loss: Below 1.2580. Medium-Term (1H - 4H): Buy near 1.2600 - 1.2550 if price shows reversal signals. Targets: 1.2700 (EMA 50), 1.2800 (key resistance). Long-Term (1D): Consider a long trade near 1.2550 for a rebound. Targets: 1.2800 and potentially 1.2900. 4. Risk Management Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns. Take-Profit Zones: Short-term: 1.2670 - 1.2700. Medium-term: 1.2800. Long-term: 1.2900. Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
I am still expecting significant resistance in the 120-130k range so to see this having a full target of 140k is pretty wild to me. Perhaps we have. Correction before reaching its full breakout target, or perhaps price sends a large wick above the resistance up there to hit this target before that resistance rejects price for a significant correction. Either way I do anticipate we rise to at least 120k on this next move up. *not financial advice*