?? ? Asset: XRP – Crypto Market Cap ? Timeframe: 30-Min Chart ? Setup Type: Bearish Breakdown (Rising Wedge Reversal with Fibonacci Retracement) ? Trade Plan (Short Position) ✅ Entry Zone: Below $144.00B (Breakdown Confirmation) ✅ Stop-Loss (SL): Above $145.89B (Key Resistance Level) ? Take Profit Targets ? TP1: $139.90B (0.5 Fibonacci Level) ? TP2: $137.33B (0.618 Fibonacci Level - Strong Support) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $145.89B - $144.00B = $1.89B risk per trade ? Reward to TP1: $144.00B - $139.90B = $4.10B (1:2.2 R/R) ? Reward to TP2: $144.00B - $137.33B = $6.67B (1:3.5 R/R) ✅ Favorable Risk-Reward Ratio toward TP2 ? Technical Analysis & Strategy ? Rising Wedge Breakdown: Price action shows bearish momentum, signaling a potential pullback. ? Fibonacci Confluence: The 0.5 and 0.618 Fibonacci retracement levels align with strong support zones. ? Resistance at $145.89B: A rejection from this level confirms the bearish setup. ? Volume Confirmation Needed: Look for high selling volume below $144.00B to validate the breakdown. ? Trade Execution & Risk Management ? Volume Confirmation: Ensure strong selling volume below $144.00B before entering. ? Trailing Stop Strategy: Move SL to break-even ($144.00B) after hitting TP1 ($139.90B). ? Partial Profit Booking Strategy ✔ Take 50% profits at TP1 ($139.90B), let the rest run toward TP2 ($137.33B). ✔ Adjust Stop-Loss to Break-even ($144.00B) after TP1 is reached. ⚠️ Risks & Considerations ❌ Fake Breakdown Risk: If the price reclaims $144.00B, exit early. ❌ Confirmation Required: Wait for a 30-min candle close below $144.00B before entering. ? Final Thoughts ✔ Bearish Setup – Strong downside potential. ✔ Fibonacci & Wedge Breakdown – High confluence. ✔ Favorable Risk-Reward Ratio – 1:3.5 toward TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #XRP #Crypto #ShortTrade #TradingView #ProfittoPath ??
Price has finally hit all time lows and consolidating nicely. Demand has been met and we’re ready to bounce! Pack your bags ? ? ?
Bitcoin's bull run is not over yet, the price of BTC has reacted positively off at a strong level of Fibonacci confluence. My analysis suggests that we'll see a spike up, retracement back down and then blast off to push to make another all time high. Let me know what you think. Best regards.
On March 20, the Federal Reserve kept its benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, indicating that uncertainty in the economic outlook has increased. The dot plot shows that two rate cuts are expected in 2025, consistent with December last year. In addition, the Fed will begin to slow the pace of balance sheet reduction on April 1. Recent indicators show that economic activity continues to expand at a solid pace. In recent months, the unemployment rate has stabilized at a low level and labor market conditions remain strong. Inflation levels remain high. The committee's goal is to achieve maximum employment over the long term and maintain inflation at 2%. Uncertainty in the economic outlook has increased. Uncertainty about the economic outlook has increased. Gold fluctuated sideways on Wednesday, running in the range of 3045-3022. We have basically grasped the intraday market profits. From the current market, it should be noted that while maintaining the bullish bullish trend, this wave of increases should be treated with caution. The possibility of a change in gold prices is expected to increase at the end of the week. From a technical point of view, the trend is definitely bullish. Under the big positive weekly line, although there is no peak for the time being, The H4 cycle has formed an absolute divergence at a high level, and a strong squat may appear at any time. The trend support of the daily cycle has two points 3000 and 2955. It seems that the price span is relatively large, but it is easy to fall. The support point of the H4 cycle is near 3015, so the key point in the short term is 3015. Once it breaks, it will no longer be so strong, and it is likely to go directly to 3000. Investment strategy: Gold 3045-3055 short, target 3030-3020 You can read bottom signals, interpret daily market trends, share real-time strategies, and stop blindly following the trend.
my entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise Entry; $1185 Take Profit; $1281 Stop Loss; $1154
The pair has recently reached multi-month highs, surpassing the 1.0900 handle, indicating strong upward momentum. In summary, the EUR/USD pair is currently in an uptrend on the 1-hour chart, with technical indicators supporting a bullish outlook. Traders should monitor the aforementioned support and resistance levels for potential price reactions.
Good Evening and I hope you are well. comment: We oscillate around 23300 and not moving much. It’s a bull flag but one that has been going on for too long now. The longer we move sideways, the more neutral the market is. Clear invalidation prices for both sides. Breakout above the bull flag and 23400 could mean another try at 500 and if they crack that, 24k comes in play. Bears need strong closes below 23000 and then we could accelerate down again. current market cycle: trading range key levels: 23000 - 24000 bull case: Bulls have two big open gaps and if they defend them, they can continue to try and get a new ath above 23505 and maybe 24000 if momentum is there. On the daily chart this looks bullish and nothing else but on the 1h chart it get’s more neutral with every 1h bar. Not much else to write in favor of the bulls tbh. Either they break above the bull flag tomorrow or they better lock in those profits. Invalidation is below 23000. bear case: Bears have many arguments on their side but until we see prices below 23000, they are mostly hopes and dreams. Even the most bullish news one could make up about the big spending bill, could not get us a new ath, which means big bois are reducing their positions above 23300 (at least for now). Bears also see the big double top on the daily chart and if we break below 23000, it could accelerate down big time. Bulls have also tried 4 times on the 1h chart to get above 23300/23400 and failed each time. Market has turned mostly neutral and bears have a chance of closing the week below 23000. Invalidation is above 23550. short term: Neutral. 23300 is the fair price. Set alerts for the given invalidation prices and see if we can get a big trend before end of week. Chop is more likely though. medium-long term from 2024-03-16: Germany takes on huge amount of new debt. Dax is rallying hard and broke above multi-year bull trends. This buying is as real as it gets, as unlikely as it is. Market is as expensive as it was during the .com bubble but here we are and marking is pointing up. Clear bull channel and until it’s broken, I can not pound my chest and scream for lower prices. Price is truth. Is the selling around 23000 strong enough that we could form a top? Yes. We have wild 1000 point swings in both directions. Look at the weekly chart. Last time we had this volatility was 2024-07 and volume then was still much lower. We are seeing a shift from US equities to European ones and until market closes consecutive daily bars below 22000, we can’t expecting anything but sideways to up movement. current swing trade: None trade of the day: Buying below 23200, which was support yesterday and today it was good for 150+ again.
Based on past behavior, I'm attempting to extrapolate it to the current situation. I observe similar characteristics.
This is the 4hr chart for SPX. The red dotted line is where the 200d SMA is sitting at the moment. Either we go through the SMA level and flip it to support for cheering Bulls or we complete that bear flag and continue the correction for cheering bears. That gap was rejected two times, including today. No bueno. What are you betting on? ? vs ?
? Current Price: 86.46 ✅ TP1: 85.84 – First Support Level ✅ TP2: 85.22 – Intermediate Support ✅ TP3: 84.12 – Major Support Zone ? Stop Loss: 87.57 (Above Resistance) ? Why Are We Bearish? 1️⃣ Strong Resistance Rejection & Bearish Indicators Price is rejecting a strong resistance zone (87.00-87.57), where sellers have stepped in before. MACD Bearish Crossover confirms downside momentum. RSI Reversal from Overbought suggests a cooling-off period for buyers. 2️⃣ Weakening New Zealand Economy Consumer confidence dropped to 89.2 (previously 97.5) in Q1 2025, signaling economic slowdown. New Zealand GDP expected to contract by 0.8% in 2025, adding bearish pressure. The RBNZ remains cautious about interest rate hikes, reducing NZD's strength. 3️⃣ Technical Setup Aligns with the Short Trade Key Resistance Holding: 87.00-87.57 area has historically rejected price. Bearish MACD & RSI Divergence indicate momentum is fading. Potential Breakdown to 84.12 if support levels fail. ? Conclusion NZD/JPY is rejecting a strong resistance level, with bearish technical indicators and weak fundamentals in New Zealand’s economy supporting further downside. This setup offers a high-probability short trade for both swing traders and short-term setups.