-lost momentum - overbought - recessive market atmosphere
Technically, the sell is not over for BNB $600 is currently acting as a resistance zone. If this force continues resisting the movement towards the north, we might see a drop southward again. In this instance, $500 will again be the main psychological support level. The trendline on my chart will be a great point for me to start applying my DCA strategy for another round of longterm holding. Nothing is 100% sure. But I am convinced that the market has not been corrected fully. Trade with care
Bitcoin's parabolic run in 2017 continued on MA11 and with the breaking of the middle band of the mass index indicator, the second parabolic run continued and now we are at the same stage.
Litecoin (LTCUSD) remains in a neutral stance, as price action continues to trade within a longer-term sideways range. The key trading level at 940.00 will play a crucial role in determining the next directional move. Key Levels to Watch Resistance Levels: 1,120, 1,217, 1,320, 1,374 Support Levels: 859.00, 816.00 Bearish Scenario If LTCUSD fails to bounce back from 940.00 and faces rejection, a downside move could emerge. A sustained decline below this level may trigger selling pressure, targeting 859, followed by a potential retest of the 816.00 psychological support over the longer timeframe. Bullish Scenario A decisive bounce back from the 940.00 support level, confirmed by a daily close higher, would shift sentiment toward a bullish outlook. This could open the way for further gains, with upside targets at 1,120, followed by 1,217 and1,274 in an extended rally. Conclusion LTCUSD is currently consolidating within a neutral range, with 940.00 acting as a key pivot level. A rejection from this zone could reinforce bearish pressure, while a breakout above 1,120 could confirm bullish momentum. Traders should monitor these levels for confirmation of the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Wheat had a break, and turn back low previous. So, will Wheat have a real bullish
This is an update on our POL wave count shared earlier, we have modified the wave count looking at the formations. If the wave count is correct then we are in an ending diagonal which is either complete or in the last leg of completion, we will buy once price breaks above 575. Alternate count is that of 5th wave will get extended downwards, however that probability is low that is why we have removed our short sell trading setup. Although possibility of the downside is still there, the formation of double top chart pattern and our weekly crude oil wave count does support downside long term. There's a correlation between international crude oil prices and Oil & Gas exploration sectors, however currently the markets have not been correlating much but on the long run prices will tend to correlate. Let see how this plays, Good Luck ! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Hello, traders This follows the trend that I've been posting about for months. The drop is inevitable with volatility. Seems like 80% chance of dropping below 80k to around 78k range before it pumps again! Could be wrong, but we will definitely experience another drop....be ready!
Operating framework: How the mkt WENT IN (1st H&SBtm w/ measuring Obj VerticleUP) is how the mkt is going OUT (2nd H&STop with measuring Obj VerticleDN). Not the Multi-pivot horizonal line acting a pivot/attractor confluence to the setp. h/t Dan The MAN...
TRON (TRONUSD) remains in a bullish trend, supported by a longer-term uptrend. However, recent intraday price action suggests a sideways consolidation, with the rising support trendline acting as a key structural level. Key Levels to Watch Resistance Levels: 2,466, 2,614, 2,780 Support Levels: 2,034, 1,925, 1,741 Bullish Scenario A successful bounce from the 2,034 support level, which aligns with the rising trendline and previous consolidation zone, could confirm bullish continuation. If buyers step in at this level, TRON could target the next resistance at 2,466, followed by 2,614 and potentially 2,780 over the longer term. Bearish Scenario A confirmed breakdown below 2,034, with a daily close beneath this level, would weaken the bullish outlook. This could lead to a deeper correction toward the 1,925 support level, with extended downside risk toward 1,741 if bearish momentum accelerates. Conclusion TRON remains in a broader uptrend, but the 2,034 level serves as a key pivot zone. A bounce from this level would reaffirm bullish strength, while a breakdown could lead to further downside corrections. Traders should watch price action around these levels for confirmation of the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold has recently hit an All-Time High (ATH) and is currently showing signs of a potential retracement. On the 4H chart, we can observe clear Fair Value Gaps (FVG) and Demand Zones that may act as liquidity rebalancing areas. Technical Highlights: Price may pull back into the 2960–2940 FVG, aligning with the first demand zone (2940–2931). If bearish momentum increases, the next key support is the 2918–2912 zone, also marked by a second FVG. Structure remains bullish overall, but retracement toward these imbalances is likely before any continuation higher. Ichimoku Cloud support on the left confirms recent breakout strength. Fundamental Context: Gold is reacting to inflation data and Fed policy expectations. Safe-haven demand and rate cut speculation continue to support the bullish long-term view. Watch for bullish reactions in demand zones & fair value gaps for possible re-entries. Smart money accumulation zones are key in this phase.