The Brent Crude Oil price action sentiment remains bearish, aligned with the prevailing long-term downtrend. Recent price movements suggest a potential oversold rally approaching a critical resistance zone. Key Levels and Price Action The primary trading level to watch is 71.73, representing the current intraday swing high and falling resistance trendline. An oversold rally toward this level, followed by a bearish rejection, could indicate continued downside momentum. In this scenario, the next support targets are at 69.72, 68.80, and 68.25 over the longer timeframe. Conversely, a confirmed breakout above the 71.73 resistance level, accompanied by a daily close above it, would invalidate the bearish outlook. This breakout could trigger further rallies, targeting the next resistance levels at 72.68 and 73.65. Conclusion The sentiment remains bearish as long as the 71.73 resistance level holds, with potential downside targets at 69.72, 68.80, and 68.25. A confirmed breakout above 71.73 would shift the outlook to bullish, opening the way for potential rallies toward 72.68 and 73.65. Traders should closely monitor the price action and daily closing levels to gauge potential sentiment shifts and trading opportunities. 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.
Most Relevant Timeframe for a Trade • Short-term swing trades (a few days): • The 2H and 4H timeframes are showing early signs of a potential relief rally. • Indicators such as Mason’s Satisfaction surpassing its SMA and RSI fluctuating around 50–57 suggest a possible short-term rebound. • Mid-term swing trades (1–2 weeks): • The 12H and 1D timeframes indicate potential exhaustion of selling pressure, as seen in Investor Satisfaction values approaching 0.1 (a historically significant buy signal zone). • However, the MTFTI average remains bearish, suggesting that the overall market trend is still fragile and requires confirmation. Key Support and Resistance Levels • Major support zones: • 77K–79K: Aligned with LoAVWAP across multiple timeframes (1D, 12H) and near the lower Bollinger Band. • 75K–76K: A critical support area, corresponding to significant technical and psychological levels. • Major resistance zones: • ~84K–85K: An important level to watch for a potential gap fill and technical reaction. • ~88K–89K: Significant resistance level seen in HiAVWAP from the 6H timeframe. • 95K–96K: Strong resistance level from the 1D and 12H timeframes. Potential Scenarios and Strategy Bullish Scenario (Short to Mid-Term Rebound) • A breakout above 84K–85K would confirm a short-term recovery. • Target price range: 88K (HiAVWAP in 6H and 4H), followed by 95K–96K if momentum continues. • Several indicators, including RSI Bollinger Bands and Mason’s Satisfaction, are signaling a potential short-term push. Bearish Scenario (Further Decline) • A break below 77K (LoAVWAP on the 1D chart) would likely accelerate downward movement, with a target towards 75K–76K or even lower. • The overall MTFTI average remains bearish, suggesting that unless significant buying pressure emerges, any bounce could be temporary before further downside. Trading Plan and Risk Management • Partial entries (DCA) around 75K–78K for medium/long-term positioning, as several indicators suggest extreme oversold conditions. • Stop-loss below 75K to manage risk in case of extended bearish momentum. • Profit-taking near 84K–85K, followed by additional scaling out near 88K, given the technical confluence in those regions. Final Thoughts • Technical indicators across different timeframes suggest a potential relief rally, but the overall trend remains cautious. • The 2H and 4H timeframes provide the first signs of recovery, while the 1D and 12H charts show broader selling exhaustion that could lead to a mid-term stabilization. • Support zones between 75K–78K remain key for buying interest, while resistance at 84K–85K and 88K–96K will determine whether BTC can sustain a stronger uptrend. • A tactical approach combining short-term trades and disciplined risk management is essential in the current market environment.
Bitcoin is gearing up for the next major pump, as momentum confirms
Hello everyone Looking forward to investing in this pair. 1. 5 waves complete structure 2. Ending diagonal 3. Break of low (High probability of move starting) 4. Liquidity build up at the HL needs to be cleared 5. MACD Divergence Entry: Current Market Price 0.61485 SL: 0.53243 TP: 1.50000 NB: REMEMBER, IT"S AN INVESTMENT! PLACE THE TRADE AND FORGET ABOUT IT
The price of Bitcoin is at a crucial region, with buyers continuing to defend the 200-day moving average on the daily chart and holding off the bearish pivot on the weekly chart. Yesterday's closing candle (March 11, 2025) is a PFR (Closing Price Reversal), indicating buyers defense in an important area. The fact that the price has consolidated since its last major bullish leg (Trump trade) strengthens the possibility of another upward move. Considering all the actions Trump is taking regarding cryptocurrencies, I see another pump ahead.
Trade for 1-2 months, no recession is happening yet.
After a fail to break down 2880 level GOLD recovered the 2900 level. Will be looking for a pullback to act as support so we can enter long. Possible SL 2890 The 4h 200ma served as a perfect support for price on the 28th Feb, also worth notice that price could actually touch the MA again around the 2880 level. Will come down as to how the price action develops at 2900 level. We have CPI coming out in a few minutes that might give a help determining whats gonna happen. Will be updating
XAUUSD is on a necessary consolidation path towards a burst-up Over the last 3 weeks, it has consistently hit higher lows - while capping at 2920 -30. This looks like an ascending triangle. It remains to be seen how soon this opportunity would pan out. However, our analysis is seeing a breakout about the 292-30 level. Above which the laws of retracement and expansion would take place. We should remember that with all that is going on the the world now, wars, tariffs, recession expectations, GOLD is always the failure-less option! Not getting over ourselves, we would love to see more pullbacks to help push the direction to new ATHs. Hence Entry - 2906, 2881, 2849. Sl - 2903, 2879, 2845. TP - 2975, 3005, 3035, fxgoD warrant that the information created and published by you on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
The WTI Crude Oil price action sentiment appears bearish, reinforced by the prevailing long-term downtrend. The recent price action indicates a potential oversold rally, approaching a critical resistance zone. Key Levels and Price Action The primary trading level to watch is 68.65, representing the current intraday swing high and falling resistance trendline. An oversold rally towards this level, followed by a bearish rejection, could confirm continued downward momentum. In this case, the next downside support targets are at 66.04, 65.34, and 64.80 over the longer timeframe. On the other hand, a decisive breakout above the 68.65 resistance level, confirmed by a daily close, would invalidate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 69.30 and 70.12. Conclusion The sentiment remains bearish as long as the 68.65 resistance level holds, with potential downside targets at 66.04, 65.34, and 64.80. A confirmed breakout above 68.65 would shift the outlook to bullish, paving the way for potential rallies toward 69.30 and 70.12. Traders should carefully watch the price action around the 68.65 level to assess 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.
My thoughts on the current state the market. Didn't mention the economic reports which which are coming out in 2 minutes, so I'll discuss the impact of the 830am reports in my 830am live on Youtube. See video for key levels and expectations.