The price of Dogecoin is considered oversold based on an Elliott Wave custom pattern by DGT that I sometimes use to look for overbought and oversold signals. The four diamonds is similar to Jasmycoin's oversold signals.
Chart Overview: This 4-hour chart of Gold (XAU) against the Euro (EUR) suggests a potential bearish setup as the price has reached a key resistance zone. Key Observations: Resistance Zone: The price has broken above a descending channel and is testing a significant resistance level around 2,790 - 2,800 EUR. Sell Signal: A rejection from this resistance level has prompted a potential short entry. Bearish Target: The projected price decline could reach the 2,727 EUR support zone, aligning with previous demand areas. Risk-to-Reward: The expected decline represents a -2.08% move, indicating a strong risk-reward setup for sellers. Trading Idea: Sell Entry: Near 2,790 EUR (if rejection confirms). Target: 2,727 EUR (support zone). Invalidation: A breakout above resistance could signal further bullish continuation. This setup suggests a short opportunity, but traders should watch price action for further confirmation before entering trades. ??
Since we have divergence at the support zone, it looks like the price might bounce back a little
DGT pattern indicator featuring elliott waves. Green diamond is major oversold, green triangles is minor oversold, same for peaks only circles and so on. I'm seeing a lot of oversold signals in cryptocurrency using this indicator, including Ethereum, the blockchain Jasmy is run on as a layer 2 token IoT company.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??"
### **Gold Spot (XAU/USD) 4H Chart Forecast** #### **Key Levels:** - **Resistance:** Around **3,120 - 3,160** USD (Upper boundary of the trend channel) - **Support Zones:** - **3,011 - 2,961** USD (First support) - **2,930 - 2,911** USD (Stronger support) - **2,880 USD** (Major downside target) #### **Technical Outlook:** - The price is currently trading near **3,037** USD, respecting an **ascending channel**. - **Potential Bullish Scenario:** If gold remains above **3,011 USD** support and breaks past **3,080 USD**, it could test the **3,120 - 3,160 USD** resistance. - **Potential Bearish Scenario:** If gold breaks below **3,011 USD**, a **drop to 2,961 USD** is likely, followed by **2,930 - 2,911 USD** if selling pressure continues. #### **Trading Strategy:** - **Buy on dips** near **3,011 - 2,961** with a target of **3,120 USD**. - **Sell below 3,011 USD**, targeting **2,930 - 2,911 USD**. - Watch for a potential breakout above **3,120 USD** for further upside.
Hi, If we see a below expected response from the FOMC I'm confident that lower CRYPTOCAP:BTC prices will be hit. First Target - $81,000 Second Target - $78,000 If the FED announce an ENDING to QT, my portfolio will go up. Risk/Reward trade.
https://www.tradingview.com/x/IPdY5rlY/ HI,Traders ! GBP-AUD keeps growing In a bullish correction but The pair will soon hit a Horizontal resistance Of 2.04979 from where A local bearish correction Is to be expected ! Comment and subscribe to help us grow !
? Overall Trend: The index is in a clear downtrend after breaking strong support levels, which have now turned into resistance. The price is currently in a corrective upward phase before likely continuing the downtrend. ? Key Levels: ? Supply Zone (Potential Resistance): 43,150 - 43,290 (A strong resistance area where price may reverse downward). ? Demand Zone (Potential Support): 39,500 - 38,900 (A key support zone that may see a price reaction). ? Bullish Scenario (Corrective Move): ✅ The price is expected to continue rising toward the 43,150 - 43,290 zone before a potential rejection. ✅ If the price breaks above this zone and a 4-hour candle closes above it, further upside movement could follow. ? Bearish Scenario (Main Expectation): ✅ If the price reaches the 43,150 - 43,290 area and shows reversal signs such as rejection candles or reversal patterns, a decline may begin. ✅ The first downside target would be the 39,500 - 38,900 support zone. ✅ A break below this area could lead to further downside movement. ? Conclusion: We will wait for the price to reach the identified supply zone and observe for reversal signals before entering sell trades targeting the support area.
Still no change in the idea although they pushed it higher than I expected. I will be out for the rest of today.