This USD/JPY daily chart analysis suggests a bearish outlook. The price has broken below an ascending trendline and a key support/resistance zone (highlighted in red). The projection indicates a potential retest of the broken zone before a continuation downward.
? Confirmed Downtrend Breakout & Retest: UMA has successfully broken out of its long-term downtrend and is now retesting its breakout zone, confirming strong support for a potential rally. ? Descending Channel Support & Reversal Zone: The price is trading near the lower boundary of a descending channel, a critical area that could act as a launchpad for upward movement. ? MACD Bullish Divergence: A potential bullish crossover on the MACD suggests a shift in momentum to the upside. ? Historical Explosive Moves (325% & 125% Gains): Previous breakouts from similar setups have led to major surges. If this pattern holds, UMA could be poised for another strong move. ? RSI Rebounding from Oversold Levels: The RSI indicator is showing signs of strength, indicating that the asset is in a favorable accumulation zone. ? Target Price Levels (TP): ? 2.231 ? 3.077 ? 4.242 ? 5.674 ? 7.337 ? 10.000 (Final target) ? Current Entry Zone: $1.42 - $1.49 ? Trade Setup Summary: ✔ Breakout Confirmed ? Retest in Progress ? Bullish Indicators Aligning ? Potential Upside Targets Set ? Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Bitcoin (BTC/USD) – Approaching Key Support with a Potential Reversal ? Current Market Overview: Bitcoin (BTC/USD) is trading around $83,928, experiencing a -5.25% decline in the latest session. The price is currently respecting a descending channel, forming lower highs and lower lows, signaling a short-term bearish trend. ? Technical Analysis: Trend: BTC is moving within a well-defined downtrend channel, with key resistance and support levels clearly visible. Support Zone: A strong demand area is identified in the $75,000–$78,000 range (green zone). If the price reaches this level, a potential bullish reversal could be in play. Resistance Levels: The price must break through the $87,000–$90,000 resistance area to signal a trend shift. The psychological level of $100,000 remains a key target for bulls. ? Possible Scenarios: ✅ Bullish Reversal: If BTC finds support at the lower boundary, a bounce toward the upper channel resistance near $87,000–$90,000 could follow. A breakout above this range could push BTC toward $100,000. ❌ Bearish Continuation: A breakdown below the key support zone could lead to further declines, with $75,000 as the next critical level to watch. ? Market Sentiment: Traders are closely monitoring this setup as BTC approaches a major inflection point. Will we see a strong rebound, or is more downside ahead? ? What’s your take on BTC’s next move? Drop
WTI crude oil is testing key uptrend support, offering fresh trading setups depending on how the price action evolves. With Tuesday’s bearish key reversal candle, RSI (14) trending lower and MACD confirming the bearish momentum signal, a downside bias is favoured. However, with crude already down sharply—and past rebounds from the trendline often proving violent—patience is key. A clean break below the uptrend could open the door for shorts, with a stop above for protection. Buyers have stepped in around $67–$66.33, making that a key zone to watch. A break lower would put the September 2024 swing low in play. If support holds, the setup could be flipped. Longs could be established above with a stop beneath for protection. Former channel support sits near $69.60 today—making it an initial upside target—with Tuesday’s high around $71.30 next on the radar. Good luck! DS
what do you see coming? 1:1 might be more like it depending on how things change over the next days to few weeks. is it time for another 1-2 weeks consolidation. how will the daily candle close? Wick in the pocket or Bold and below?
ETH holding here at 2200 which is key supports area. i would starts accumulate more ETH Here for long term buy. if it breaks down i will exit and re-analyse again BUT its holding for now.
ENS testing $20 support which is major support for now hold here and may bounce . Long term only Also there is support below 200MA Accumulate at these levels
In the afternoon of London, after notifying the lowest position to buy and make a big profit, gold rebounded to 2914 without more energy, causing the gold price to continue to rise. After reaching 2918, it quickly returned to the position near 2914 and continued to fluctuate. After the market closed, the market was ignited by big news again. Latest news: The situation between Russia and Ukraine has been further affected by drone attacks. This has led to the spread of risk aversion and panic in the market. This has led to a sharp increase in demand for XAUUSD. At present, the price of gold still remains at 2916, and there has not been a significant increase, so it is still a reasonable buying position. The estimated space is about 10-15 points. Buy at the current price of 2916, tp2927-2932.sl2905 Remember to control trading risks when operating,
EURUSD bounces back higher, benefiting from the dollar's decline
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