Following up on my previous analysis, the black ABC correction is clearer now. We're currently in wave C, which coudl target 0.00003685, the 100% extension of waves A-B (purple line). The hurdles to an upside reversal are: Green descending trendline. Blue resistance Gray resistance At this moment, I see no reason to be bullish.
ETH technical analysis before chart next move dump target 2.631.7 Not financial advise trade and manage your own risk
BBUSDT is a cryptocurrency trading at $0.1729. Its target price is $0.3500, indicating a potential 100%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about BBUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. BBUSDT is poised for a potential breakout and substantial gains.
Nifty future and banknifty future analysis and intraday plan. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
OGNUSDT is a cryptocurrency trading at $0.0835. Its target price is $0.1200, indicating a potential 50%+ gain. The pattern is a Bullish Falling Wedge, a reversal pattern signaling a trend change. This pattern suggests the downward trend may be ending. A breakout from the wedge could lead to a strong upward move. The Bullish Falling Wedge is a positive signal, indicating a potential price surge. Investors are optimistic about OGNUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. OGNUSDT is poised for a potential breakout and substantial gains.
Despite Bybit’s hack that resulted in $1.4B of ETH being stolen, its strong marketing and support from other exchanges suggest that additional selling pressure may be limited. However, Vitalik’s hints at a possible rollback could pose significant risks to the Ethereum network. I'm still bullish on ETH for next week, and the position you see here is my trading idea. Good luck!
let's review Gold Waves! Wave I (1971-1974): The initial rise in the early 1970s represents Wave I of the first large cycle. During this time, gold prices surged significantly due to the ending of the Bretton Woods system and the subsequent decoupling of the US dollar from gold. The price increases were driven by growing inflation concerns and geopolitical instability. This is a primary impulsive wave. The end of Wave I appears around 1974, where gold saw a significant peak. Wave II (1974-1976): Wave II is a corrective phase, where prices corrected lower after the initial rally of Wave I. This wave retraced a portion of Wave I and is a typical ABC correction (labeled as the ABC corrective structure on the chart). After reaching the low point, the market started another impulsive wave up. Wave III (1976-1980): Wave III is the strongest and most aggressive part of the cycle. This wave saw gold prices skyrocket during the late 1970s, driven by high inflation, political instability (e.g., the Iranian Revolution), and the second oil crisis. Gold reached an all-time high in 1980, marking the peak of Wave III. This wave completed the first major bullish cycle in the chart. Wave IV (1980-1999): After the peak in 1980, gold entered Wave IV, a long and complex correction that lasted until the late 1990s. This correction lasted nearly two decades and saw prices decline dramatically during the 1980s and 1990s as inflation subsided and global economic conditions stabilized. Wave IV is characterized by long periods of consolidation, with gold fluctuating around lower levels. Wave V (1999-2011): Following the completion of Wave IV, gold entered Wave V, the final impulsive wave of this long-term cycle. This wave began around 1999 and saw gold prices move higher, culminating in a bullish run from 2008 to 2011. The global financial crisis and the subsequent loose monetary policies (quantitative easing and low-interest rates) from central banks across the world provided the perfect backdrop for gold to rally. Gold peaked at $1900 in 2011, marking the end of Wave V in this cycle, representing the peak of the primary impulsive move. ABC Correction (2011-2020): After the peak in 2011, gold entered a significant ABC correction. This correction can be broken down into three parts: Wave A (2011-2015): The initial correction after the peak, where gold prices fell sharply, reaching lows of $1050 in 2015. Wave B (2016-2018): A partial rally as investors regained some confidence, with prices climbing to around $1360 before the next decline. Wave C (2018-2020): The final leg of the correction, which saw a further decline and then an explosive surge in early 2020 due to the global economic impact of the COVID-19 pandemic. ----------------------------------------- New Cycle (Post-2020): After the massive surge in 2020, the chart suggests that gold has entered a new cycle—starting from the COVID-19 pandemic's impact. This marks the beginning of a new impulsive wave (labeled as Wave I of the new cycle). Wave I (2020-2025): From the lows of March 2020 to the current high, gold prices have surged sharply, indicating the early stages of the new bullish cycle. Wave II (2025-2027): A potential correction (Wave II) could be expected, retracing a portion of the rise from the pandemic-induced lows. This is typical after any strong Wave I move, as markets consolidate before further rallies. the target area would be $2100! could these reasons cause this correction: https://www.tradingview.com/chart/WTI/dTh6QmZS-What-Happens-to-Global-Markets-When-the-Ukraine-Russia-War-Ends/ I suggest that once Wave II is completed, gold could see further strong moves in Wave III, which could lead to higher levels of gold prices—potentially above $4000-$5000 or even higher, depending on broader market dynamics and economic conditions.
The COPPER price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback towards the previous consolidation price range and also the rising support trendline zone. The key trading level is at the 9260 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 9260 level could target the upside resistance at 9445 (200-day moving average) followed by the 9650 and 9950 levels over the longer timeframe. Alternatively, a confirmed loss of the 9260support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 9130 (50 Day Moving Average) support level followed by 9060. 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.
AUDCAD 2H Fundamentals: •The RBA has made its first rate cut, initiating its rate-cutting process. However, this is more of a symbolic cut rather than a genuine attempt to stimulate the economy. It was essentially a “hawkish cut” from the RBA. •We could see a shift in risk sentiment, with the S&P500 currently in an uptrend but recently rejecting a daily resistance. In my opinion, this rejection is just a minor correction. •Oil is also in a downtrend, which should negatively impact the Canadian dollar. •Furthermore, market expectations for interest rates suggest a hold for both central banks, but with an 80% probability for the RBA compared to 60% for the BoC. •Additionally, since the US dollar is undergoing a short to medium-term correction, this could also weigh on the Canadian dollar due to the positive correlation between the two currencies. Technical Analysis: •On the daily timeframe, we can see a descending triangle that has just broken to the upside. •On the 8H timeframe, there is a clear double bottom on the Bullish TrendLine, which acted as strong support. Price is also returning to the trendline, but more importantly, to Fibonacci levels aligning with a major resistance-turned-support. •Retail traders are predominantly short (91%), confirming a potential buying opportunity. •I am placing a buy limit at the 50% Fibonacci level at 0.90060. •Wide stop-loss as we might see portfolio rebalancing from major institutions due to the end of the month, which could bring volatility. •Take profit at 0.92700. •Risk-to-reward ratio: 3.3. •Half-risk position due to Australian CPI on Wednesday and Canadian GDP data on Friday.
GLM/USDT INCREASE BY VOLUME Interesting follow to see if its able to break