An identical chart can be seen with many lagging altcoins: -97%, tanked right after listing in 2021. Currently ranked #552 on CoinMarketCap, if that means anything to you. Overall, this is a low-liquidity asset, but it will pump eventually; a complete collapse is unlikely. Targets are marked on the chart. The potential is significant, but keep in mind that a pullback to $0.56 and $0.32 is possible. For an active phase, the asset needs to break out of the descending channel. You can set a trigger order to buy slightly higher or avoid overthinking and buy at market price, then accumulate more if it drops. Overall, it’s already a cheap asset.
Hi i am back, now market looks like it is near all time high but main trend line broken as shown. Opex next week. I have 45 minutes sell signal that means market will probably see a 100 point down move before opex. Will see ES at 6000
SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11 Important resistance: 2733 - 2740 - 2750 Important support level: 2680 - 2675 - 2700 XAUUSD OANDA:XAUUSD trading strategy around price area: BUY XAUUSD around 2700-2701 Stoploss: 2695 Take Profit 1 : 2710 Take Profit 2: 2720 Take Profit 3: 2730 “If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.” SELL XAUUSD around 2749-2750 Stoploss: 2756 Take Profit 1 : 2745 Take Profit 2: 2740 Take Profit 3: 2733 Note: Always install Stoploss in all cases to be safe!
In anticipation of the Bank of Japan's (BoJ) interest rate decision next week, there is potential for a significant appreciation of the Japanese Yen. This could occur if the BoJ opts to raise interest rates, which would likely lead to a decline in the USD/JPY exchange rate, potentially pushing it down towards the 150-151 level within its current trend channel.
FXOPEN:XAGUSD AlexGoldHunter Technical Analysis Price Action and Key Levels Current Price: $31.8800 Swing High: $32.2000 Swing Low: $31.8800 Strong High: $32.4000 Strong Low: $31.6000 p1D Low: $31.4500 Fibonacci Levels 0.786: $32.4000 0.705: $32.2000 0.618: $31.8800 0.5: $31.7600 0.382: $31.6000 Volume Profile The volume profile indicates high trading activity around the $31.8800 level, suggesting strong interest and potential support/resistance. RSI (Relative Strength Index) Current RSI: 51.08 and 44.95, indicating neutral momentum. MACD (Moving Average Convergence Divergence) MACD Line: 0.0059 Signal Line: -0.0014 Histogram: -0.0073 (negative, indicating bearish momentum) Buy Strategy Confirmation 1: Look for a price bounce off the Strong Low ($31.6000) or Swing Low ($31.8800) with increased volume. Confirmation 2: RSI should be below 30 (oversold condition) and start to rise. Confirmation 3: MACD line should cross above the Signal line, indicating bullish momentum. Entry Point: Enter a buy position when the price confirms a bounce off the support level with the above confirmations. Stop Loss: Place a stop loss below the Strong Low ($31.6000). Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.28 (difference between $31.8800 and $31.6000), the take profit should be $0.84 above the entry point, around $32.7200. Sell Strategy Confirmation 1: Look for a price rejection at the Strong High ($32.4000) or Swing High ($32.2000) with increased volume. Confirmation 2: RSI should be above 70 (overbought condition) and start to decline. Confirmation 3: MACD line should cross below the Signal line, indicating bearish momentum. Entry Point: Enter a sell position when the price confirms a rejection at the resistance level with the above confirmations. Stop Loss: Place a stop loss above the Strong High ($32.4000). Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.20 (difference between $32.2000 and $32.4000), the take profit should be $0.60 below the entry point, around $31.6000. This analysis provides a structured approach to trading based on technical indicators and support/resistance levels, aiming for a 1:3 risk-reward ratio. Let me know if you need any further assistance or have any questions! Follow @Alexgoldhunter for more strategic ideas and minds
XAI Update ~ 2D #XAI Again rejected from this resistance line. the best way for now, buy gradually after breaking through this resistance line. with a minimum target of 20%+
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I was bearish EURUSD for a move lower yesterday, then a bounce off 1.0476 strong level. EURUSD did not go up to 1.05552 sell level but we got a nice level to level move, from PZ to 1.0494, bounced back down before a move back down. Yesterday closed as a red day. I did said on weekly, we could see an up from here, but based on price action, I do not see a low yet. Thus IMO, I am looking at 1.0514 to hold for a move lower to 1.0476. IMO, if we are to get a low, we should see a clear reversal candle.
Gold prices continued to rise sharply today and hit a 9-week high after the important US inflation report. Specifically, the US announced that the consumer price index (CPI) in November increased by 2.7% compared to the same period last year, in line with market expectations. Optimists in the gold market breathed a sigh of relief when the CPI stabilized. Because this factor could push the Federal Reserve (FED) to cut interest rates at the monetary policy meeting taking place next week, which would benefit gold prices. According to investors' assessment, there is a 96% chance that the FED will cut interest rates by another 0.25 percentage points at the meeting on December 17 and 18, 2024. Personally, I am expecting gold prices to reach a new high in 2025, when bond yields gradually decrease, geopolitical risks are still the driving force for investment sentiment in gold. And you, what do you think?
Time Frame: 4H Sentiment: Overbought Forecast: Bullish We can see a strong support and buying momentum around 1.6-1.8, selling power is weak. Bar price action and the volume, showing buyers' power increase. Broke the resistant level 1.86. Heading to 2.13 & the next resistant around 2.2 - 2.4. Write your thought in the comment session :) P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like my works? Please hit the Like, Follow and Share or tip me a coin :) Thanks! Disclaimer This information only serves as study references, does not constitute a buy or sell call.