Last Friday, USDCAD broke through the support of the downward trend channel, which has now turned into resistance. It is currently situated in a strong support zone and may experience a pullback, encountering resistance. It is likely to return to the robust channel support at 1.37. Let's observe what happens.
Clean channel Up to top blue rail then down Not financial advice
? Welcome to TradeCity Pro! In this analysis, I want to review the ARB coin for you. It's one of the DeFi coins, currently ranked 54 on CoinMarketCap with a market cap of $1.41 billion. ⏳ 4-Hour Time Frame In the 4-hour time frame, as you can see, we're witnessing a downtrend within a descending channel, and the price is moving downward. ✔️ There is a very important support at the 0.2501 level, which is the main support, and the price has already reacted to it once, bounced from the bottom of the channel, and is now positioned above the channel’s midline. ? If the price fails to reach the top of the channel and gets rejected from lower levels such as the 0.3172 resistance, the probability of the channel breaking to the downside increases, and more bearish momentum may enter. When the price gets rejected before reaching the channel top, it indicates weakening buyer strength. ✨ So, if the price gets rejected from the 0.3172 resistance, we can open a suitable position. The lower the rejection, the higher the probability of a drop. A rejection from the channel top or even a fake breakout can also act as a valid trigger. ? The main trigger for a short position is the break of the 0.2501 level, which is a very strong support, and its break can lead to a significant bearish leg. ⚡️ For a long position, the first trigger is the break of 0.3172, which is a good area but very risky, because just above it lies the channel ceiling, and the price might get rejected from there and move downward. ? Therefore, it's better to wait for the channel to be broken first and then look for a long trigger. Currently, the most reliable trigger for a long position after a channel breakout is at 0.4018, but this level is quite far. So, for a long position, we can also enter on a pullback to the channel or after getting confirmation from Dow Theory. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
This could be it. Price touched the discount zone. We saw divergence in AO signaling weakening and potential flip to the upside. We saw change of character. Price reacted to 0.618 retracement. Price could go up from here any time.
On Friday, USDCHF broke through the major support level. Enter the trade when it retests this area, which now acts as resistance. The graph indicates the next two significant support levels. Let's observe...
If you're leaning bullish, it's more prudent to wait for a confirmed breakout above 88,000, followed by a weekly close above the 86,000 level. Ideally, a successful retest should hold within the 85,000–86,000 range to validate the breakout structure. Any failure to hold this zone on the retest would likely signal a fake out which, given current price action and resistance pressure, remains a high-probability scenario in my view. Bitcoin faced a sharp decline to the 75,000 level following the announcement of tariffs, which triggered panic and heightened uncertainty across the crypto market. Currently, BTC is attempting to reclaim the key 85,000 resistance zone. However, a descending trendline is capping upward momentum, adding to the difficulty of a clean breakout. A decisive weekly close above 86,000 could invalidate the bearish setup and open the door for bullish continuation till 100-108K. Conversely, failure to break and close above this level would likely lead to a swift drop toward the 71,000 support zone, with minimal structural support in between. A weekly close below the 85,000 level would confirm bearish continuation, opening the door for a retest of the 72,000 support zone — a key structural level that previously acted as a demand area. Failure to hold above 72,000 could invalidate the current range and trigger a deeper correction toward the prior macro support around 55,000. Based on current momentum and price structure, a move toward the 55,000 region appears increasingly probable in the near term.
Btc is at full bearish mode according to my analysis to FWB:65K looks good soon...
? Silver Market Update (April 13th, 2025) ? Technical Outlook Update ▪️Long-term outlook 2weeks/candle ▪️Massive C&H formation in progress ▪️40 USD breakout pending now ▪️PT BULLS 400%+ gains BUY/HOLD ▪️Price Target BULLS 125/150 USD ▪️Bull market still pending ▪️BUY/HOLD now or miss out on gains ? Silver Market Update – April 2025 ?Silver is widely used in electronics due to its exceptional electrical and thermal conductivity, making it ideal for various applications, including printed circuit boards, connectors, and contact surfaces. ? It is also employed in devices like touch screens, batteries, and solar panels. Silver's high conductivity, solderability, and resistance to corrosion and oxidation contribute to its popularity in the electronics industry.
Okay, let's break down this XAU/USD 1-hour chart and factor in the potential impact of US-China tariff news. Chart Analysis (1-Hour Timeframe): * Trend: The chart displays a clear short-term uptrend starting around April 10th. The price has made higher highs and higher lows. It's currently trading above both the white (likely shorter-term) and green (likely longer-term) moving averages/trend lines, which supports the bullish bias in this timeframe. * Recent Action: After a strong move up, the price seems to be consolidating in a range roughly between 3218 and 3240 over the past day (April 12th-13th). This often happens after a significant move as the market digests gains before the next potential leg up or a pullback. * Key Levels (Based on the chart markings): * Resistance: 3254, 3268, 3282, 3306, 3329, 3343. The immediate resistance seems to be the top of the recent consolidation range around 3240-3245. * Support: 3218 (also the bottom of the recent consolidation), 3210, 3199, 3190, 3175 (significant prior resistance/support area), 3154, 3140, 3100. The white moving average also provides dynamic support. Potential Buy and Sell Levels: * Buy Levels: * Breakout Buy: The chart suggests a potential buy entry around 3245. This aligns with buying on a breakout above the current consolidation range, anticipating a continuation of the uptrend towards higher resistance levels like 3254, 3268, and beyond. * Dip Buy: If the price pulls back, potential buy zones could be found near support levels. A retest of the 3218 level (bottom of consolidation and near the white MA) could offer an entry if it holds. A deeper pullback towards 3175 might also present a buying opportunity if the overall uptrend structure remains intact. * Sell Levels: * Breakdown Sell: The chart marks 3218, 3210, 3199, and 3190 as potential sell levels. A confirmed break below 3218 and the white moving average could signal the end of the immediate uptrend or a deeper correction, targeting lower supports like 3190, 3175, or 3154. * Resistance Sell: Sellers might also look for entries near resistance levels if the price fails to break higher. Rejections from the 3245-3254 area could offer short-selling opportunities, anticipating a move back down within or below the consolidation range. Impact of Trump Tariffs on China News: * Safe-Haven Demand: Gold (XAU) is traditionally viewed as a safe-haven asset. Announcements of new tariffs or escalating trade tensions between major economies like the US and China typically increase global economic uncertainty and risk aversion. * Bullish Catalyst for Gold: This uncertainty usually drives investors towards safer assets, increasing demand for gold and pushing its price higher (XAU/USD up). Therefore, if news about Trump imposing new tariffs on China was recently announced and is impacting markets, it would likely strengthen the bullish case for gold. * Reinforcing Technicals: This fundamental factor would support the idea of a breakout above the current consolidation (3245) and potentially accelerate the move towards higher resistance levels (3254, 3268, 3282 etc.). It would make pullbacks shallower and buying dips more attractive. * Caution: Conversely, if the news turns out to be less severe than anticipated, or if signs of de-escalation appear, the safe-haven demand could quickly unwind, putting downward pressure on gold prices and potentially triggering the breakdown sell scenarios below 3218. Synthesis: The technical picture on the 1H chart is bullish but currently consolidating. The fundamental news regarding potential US tariffs on China strongly favors gold upside due to increased uncertainty. * Higher Probability Scenario (Given Tariff News): A breakout above 3245 seems more likely, fueled by safe-haven flows. Targets would be 3254, 3268, 3282. Dips towards 3218 might be bought quickly. * Lower Probability Scenario: If the tariff news fizzles or is counteracted by other factors, a failure at the 3240-3245 resistance could lead to a test of 3218. A break below 3218 would open the door for sellers, targeting 3190/3175. Always use stop-losses and manage risk, especially when trading around news events which can cause significant volatility.
? BTC/USD – Falling Wedge Breakdown Indicates Bearish Continuation | Daily Timeframe ? Chart Pattern: Falling Wedge (Bearish Setup Context) The current Bitcoin chart structure is forming a Falling Wedge pattern—typically a bullish reversal formation. However, context and price action reveal that this wedge has failed to deliver the expected bullish breakout. Instead, price action suggests a bearish continuation, supported by resistance pressure and failed attempts at bullish momentum. ? Structure Components: Upper Trendline (Resistance): Clearly defined with multiple lower highs forming a descending resistance. Lower Trendline (Support): Established through a series of lower lows, creating a narrowing structure. Breakout Attempt: The price briefly pierced above the wedge resistance, creating a false breakout (bull trap), followed by an immediate rejection and return to the wedge zone. ? Key Resistance Level – $88,000–$90,000 This zone aligns with: Previous horizontal resistance from mid-February and early March 2025. The top of the wedge and the point of failed breakout. Strong institutional sell orders are likely positioned here based on the repeated rejection wicks. This acts as the final defense for bulls—and its inability to hold signals weakness in buyer conviction. ? Key Support Level – $75,000–$76,000 This zone marks: The bottom of the wedge and a psychological level near the mid-$70,000s. Previously defended multiple times but with diminishing bullish volume. A confirmed break and daily close below this zone would signal a bearish continuation, invalidating bullish recovery scenarios. ? Projected Target – $68,731 Using technical measurement, the expected move from a falling wedge breakdown can be projected by measuring the height of the wedge and subtracting it from the breakout point. Wedge height ≈ $20,000 Breakdown base ≈ $84,000 Target = $84,000 - $15,000 to $20,000 → $68,700 area This level also aligns with minor historical support and psychological round number structure. ? Market Psychology & Sentiment This price action reflects the emotional shift in market sentiment: Early optimism as BTC consolidated within the wedge. Hopeful breakout attempt, where aggressive buyers entered. Rapid reversal and rejection—a sign of institutional liquidity hunting. Fear building as price re-enters the wedge and buyers begin exiting. Bearish confirmation begins when the support is breached and lower lows are printed. This sequence can create a panic-driven drop, especially if broader market sentiment is risk-off. ? Trading Strategy Setup Component Details ? Entry Zone $84,000 – $86,000 (after rejection confirmed) ❌ Stop Loss (SL) $106,265 – Above prior swing highs ✅ Take Profit (TP) $68,731 – Based on wedge height projection ⏳ Timeframe Daily chart – Swing trade setup ⚠️ Risk Management R:R ≈ 1:2.5+ ? Trade Notes & Confirmation Tools Volume: Look for volume divergence (price rising, volume falling) during the breakout failure. Candle Analysis: Watch for bearish engulfing or shooting star candles near resistance. RSI/MACD: If available, bearish divergence would further validate rejection. ? Summary: BTC/USD is showing signs of a failed Falling Wedge breakout. A key resistance zone around $88,000 has pushed the price back inside the wedge. With support around $75,000 under pressure, a breakdown targets the $68,731 level. Caution advised for bulls—sellers may dominate below structure. Short positions below support could offer favorable R:R setups.