Stellar (XLM) experienced a dramatic surge, skyrocketing from $0.09 on November 7 to a local high of $0.63 on November 24. This rapid rise of over 600% in just a few weeks indicates clear overextension in the market. Such sharp upward movements are often unsustainable without periods of consolidation or correction. Current Market Context: Current Price: $0.48 Recent High: $0.63 Key Support Levels: $0.36, $0.25 After hitting $0.63, XLM has pulled back to $0.48, a strong signal that the market may need a correction to stabilize. This retracement reflects profit-taking and waning momentum, both common after such parabolic moves. Possible Correction Scenarios: Moderate Pullback to $0.36: The first likely scenario involves a pullback to $0.36, a key support level that aligns with previous consolidation zones. This would allow for healthy price action and create a foundation for future bullish attempts. Deeper Correction to $0.25: If selling pressure intensifies, XLM could retreat to $0.25, representing a more substantial correction. This level is critical for maintaining a broader bullish structure and could attract buyers looking for value. Market Indicators: The RSI (Relative Strength Index) shows signs of overbought conditions, suggesting further downside pressure. Volume has also declined since the peak, indicating weakening buying interest. In summary, the overextension from $0.09 to $0.63 signals a market that may need to cool down. The current decline to $0.48 underscores the likelihood of a correction, with key support levels at $0.36 and $0.25 in focus. A healthy pullback could reset the market for a more sustainable rally in the future.
NOTUSDT seems to have confirmed its breakout and should make a move above 0.01. Anything below 0.07 gets us back to the accumulation zone and invalidates the breakout. Until then, I see no problem in the pattern. Cheers
https://www.tradingview.com/x/PIb3ZgXD/ ✅GBP_AUD price grew again to retest the resistance of 1.9887 But it is a strong key level So I think that there is a high chance That we will see a bearish move down SHORT? ✅Like and subscribe to never miss a new idea!✅
Patience for SOXL, I hope it doesn't get ahead of me, I see it in a good buying area at $22 USD with tremendous potential to rise, I hope that booming of the AI, robots, autonomy, home automation, electric cars, etc. continues, this will help SOXL keep growing.
#RATS is making a triangle with 5 waves so the market can rise to the stacked volume levels as its in a 440 % profit !
Well we saw the 104 area and based on the short term charts we have had a upthrust out of a 4th wave triangle if we break below 94k the I.T.TOP is ended
this will increase till green zone and will take good retracement Down side, Condition 1 divergence created on RSI once price action reaches green zone. Take long positions once it breaks level from 1.27712 and exit near green zone or as per your trade plan
As illustrated, XRP is making yet another bullish structure and it seems that it's breaking out of it. Be careful as this might be a choppy lift off, since XRP is very close to reaching historical high, and sellers might step in to put pressure by selling near the 2.50 - 3.00 price range. However, I visualize bulls taking XRP to fresh ATH near the $3.0-$3.3 price range. Somewhere between $3.30 and $3.35 -- GOOD LUCK!
The price has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 1.2730 Why we like it: There is a pullback resistance level. Stop loss: 1.2642 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.2862 Why we like it: There is a pullback resistance level that lines up with the 161.8% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Look for bullish confirmation to go long from trendline. We have already retested the previous resistance zone.