I believe market is going to breakout this balance zone and become imbalance on the buyers side.I'm only going for 6rr to pass my challenge but this is a easy 12rr trade
XRPUSDT is heating up! Approaching apex of the Triangle! Will we see a breakout to $2.30? Or possibly to $2.03! Check the 1H chart & watch the breakout! https://www.tradingview.com/x/1mZIjlH4/
Technical analysis of gold: From the performance of the daily chart, the recent trend of gold prices has shown a high consolidation trend, and there has been a significant correction from the high point near $3,500. After hitting the low point of the week, the gold price rebounded to a certain extent, but the rebound strength was blocked near the 23.6% Fibonacci retracement level (about $3,368-3,370), which has now become an important short-term resistance. Today's opening trend of the gold market is like yesterday. The upward mode started during the Asian session, rising all the way to around $3,370, but encountered strong resistance here, and then turned downward and started a decline. It is worth noting that today's gold price not only failed to break through this key resistance level, but also fell below the low point hit by yesterday's European and American sessions, and rebounded after the lowest point fell to $3,265. In view of the important trend of gold prices breaking down key points, the subsequent market is likely to consider the idea of swinging and shorting. From the current market structure, the position of $3,260 has become the focus of the market, and investors need to pay close attention to whether the gold price can reach or even fall below this point. Once it effectively breaks, the bearish trend will be further strengthened, and the market may usher in a deeper adjustment. From the 4-hour chart, the intraday rebound is under pressure from the middle track downward. At present, the K-line has returned to run below the moving average. The short-term trend is bearish. The market may further test the support near the lower track 3260. The short-term upper pressure focuses on the pressure near 3315, which is near the ma5 moving average. Above it is the pressure near the middle track currently moving down to 3338. Relying on these two pressures, there is still room for further decline in the short term, pointing to the previous day's low of 3260, so you can try to buy the bottom with a light position for the first time. On the whole, today's short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds. The upper short-term focus is on the 3315-3320 line of resistance, and the lower short-term focus is on the 3265-3260 line of support. Friends must keep up with the rhythm.
In a premature stage but if the price sustain at the level of around 3$ then the potential targets around 3.5 and above.
https://www.tradingview.com/x/Le2HorMG/ ✅GBP_JPY has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of Price decline is to be expected SHORT? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CRYPTOCAP:XRP broke structure to the downside on the weekly, tapped into the red resistance box, and is getting rejected. Unless CRYPTOCAP:BTC and the market keep pushing, this one’s got work to do — better charts out there IMO.
NASDAQ:COIN is still in the process of correcting down to it's target at $100 (with a possibility of a wick down to $83) and after we get there, I think we'll start our next leg up which will take us past $500. Why do I still think we have another leg down? Well if you look at the chart, you'll see that we've only had 3 waves down on the downside and the 5th wave looks to be coming soon here. After we bottom, I think it's likely that we'll see a 5-7x, with the most likely target of the move being $770, which is likely to come in 2026-2027.
This is my next look at Bitcoin's next move based on Elliott analysis. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
LSE:CRV is an underrated chart — currently in no man's land, with a weekly interest zone marked for potential trades. Up 100% off the lows… wow.
First, this is a far-fetched analysis that requires months, not days. Second, this analysis is based on Elliott's principles, which give you my perspective, which may be right or wrong. You should conduct your own analysis. Third, if you don't like this analysis, that's okay. I'm not here to impress you, but only to provide my perspective. Goodluck