XRP is currently trading around 2.42 and has recently broken out of a descending channel formation. This breakout suggests a potential shift in momentum from bearish to bullish. The price is now consolidating just above the trendline, indicating that buyers are stepping in to support this level. The descending channel was characterized by consistent lower highs and lower lows. However, the breakout above the upper boundary of the channel signals that the selling pressure may be weakening. If the price holds above this level, further upside movement is expected. A key support level is now established around 2.40 to 2.42, which was previously resistance. If the price stays above this zone, the bullish case strengthens. Immediate resistance is found around 2.50 to 2.55, where price has faced rejection before. A decisive break above this area would confirm further upside movement. Volume analysis shows that trading activity is still relatively low, which is common during consolidation phases. A strong increase in volume above 2.45 would provide additional confirmation of bullish strength. Monitoring this volume breakout is essential for validating the move. Momentum indicators such as the RSI should also be observed. If RSI moves above 55 to 60, it would indicate growing buying pressure. A hidden bullish divergence, if present, would add further confidence to the breakout. The first target for this breakout is 2.50 to 2.55, where resistance is expected. If price gains strength beyond this zone, the second target would be 2.65 to 2.70. These levels mark potential areas where price could face selling pressure or profit-taking. To manage risk, a stop-loss should be placed below 2.38 to 2.40 to avoid potential fakeouts. If price falls back below this support, the breakout could be invalidated, leading to a potential retest of lower levels. XRP is at a crucial turning point, with signs of bullish momentum building. If the price sustains above the breakout zone and breaks through 2.45 to 2.48 with strong volume, a larger upward move could follow. Traders should remain cautious but keep an eye on price action for confirmation of the next trend direction.
Apple could launch a new iPhone SE and PowerBeats Pro headphones as early as February 11, according to reporting from Bloomberg. The announcement is likely to be on the smaller side, given that the company has not yet issued invites for either an in-person or virtual event. A new iPhone SE would mark the fourth […] © 2024 TechCrunch. All rights reserved. For personal use only.
Bei Amazon bekommt ihr gerade einen Smart-TV vom Hersteller Samsung zum Aktionspreis. Wir haben die Details des Angebots für euch.
Die Erfolgsstory der Solarenergie in Deutschland führt zu einem Luxusproblem. Zeitweise wird mehr Strom produziert als benötigt. Der Bundestag hat darauf reagiert und neue Regelungen für die Einspeisevergütung beschlossen. Besitzer neuer Photovoltaikanlagen müssen sich auf wichtige Änderungen einstellen – bekommen dafür aber auch einen zeitlichen Bonus. Zukünftig könnten dadurch mehr Speicher verbaut werden.
Treue Nintendo-Fans solltet gut aufpassen. Die Wii U könnte dauerhaft beschädigt werden, wenn ihr nichts unternehmt. Wir verraten, wie ihr die Konsole rettet.
-750 pips fall happened as we mentioned before: https://www.tradingview.com/chart/USDJPY/5MzNzVTM-USDJPY-next-phase-dump-coming-like-the-previous-times-too-wild/ now we are looking for some range maybe and soon after that more -250pips fall to the next targets like red arrows on chart. DISCLAIMER: ((trade based on your own decision))
Since my last idea on US10-year yields the Fed opted to leave the federal funds rate unchanged at 4.50% and the latest NFP print came in at a lackluster 143 thousand in January, down from 307 thousand in December. These two events provide a contradicting impact for US longer term yields as the weaker labour market results is indicative that the Fed may have to continue cutting rates to stimulate the economy, which is positive for bonds, while the Feds decision to pause rates plays the ball into the court of a move higher in yields towards 5.00%. US 10-year yields touched a low of 4.4% last week before the 50-day MA at 4.50% provided support. The 50-day MA is my critical level to watch as a break below this level will invalidate my ideas calling for a move towards 5.00%. A failed move above 4.50% will allow bond bulls to pull yields onto the 200-day MA at 4.25% which coincides with the blue downward neckline and the 61.8 Fibo retracement. A break above 4.50% will however support my idea of a 5-wave impulse higher towards 5.00%. The week ahead has two major events on the cards that will influence the US bond market. The first of which is Fed chair Powell’s testimony before congress. I’m not expecting anything new here besides the usual gibberish and double-speak but keep an ear out for the status of the Fed’s taper progress and any comments on the low liquidity levels of the Fed’s reverse repo facility. The next event is where the significance lies, the US CPI print for January which is expected to remain unchanged at 2.9%, just like it did back for the December print. Inflation has been ticking higher since October last year, almost right after the Fed started their cutting cycle and anything other than an inline or lower than expected CPI print will have the US 10-year yields packing and making its way to 5.00% since it will indicate that the Fed will stay higher for longer. Also worth noting is that the US 10-year yield topped out at 4.8% when the CPI print came in as expected at 2.9% so this time around a stronger than expected print may serve to mark the bottom at 4.4%. (Always remember, CPI is a lie).
I expect GBP/USD to retest the previous 1.23000 level. As anticipated last week, price reacted perfectly from my area of interest. Now that the price gap from last week has been filled, I anticipate a move down to mitigate the newly formed 8-hour demand zone. If price moves higher first, I expect a reaction from the 4-hour supply zone I previously marked at the prior Asian high. If price reaches this level, we may see a brief bearish reaction, but I will wait for a significant structural shift to confirm the market’s next direction. Confluences for GU Longs: - A clean 8-hour demand zone has formed, which previously caused a Break of Structure (BOS) to the upside. - The market has swept previous liquidity, and an untested Asian high remains above. - Market structure still shows strong bullish momentum, supporting this pro-trend setup. - There is significant liquidity to the upside that needs to be taken. - The DXY is following a pattern that aligns with this bullish scenario. Note: If price breaks structure to the downside, I will wait for a new supply zone to form. However, for now, I expect price to continue pushing higher.
Hello my fellow traders. what do you think about ETHUSD today. Current ETHUSD Price: 2650 Date: 9 February 2025 ETHUSD has established higher lows which indicate a reversal while descending triangle pattern and rejection of bearish breakout at 2600 further suggest a change in the trend. The visible resistance right now is 2850 and a breakout above this level would open a door for our demand zone 3000. Our Kye Points Areas: Support Level: 2560, 2450 Resistance Level: 2850, 3000 End Target: 3000 Remember this analysis is not for trading its just an opinion. Kindly like and comment and support me. Thanks for your time
4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high. This sell off schematic normally builds up within a 'Flat Correction' channel, which traps in early sellers & late buyers into the market. This is why it's a hard pattern to recognise. ⭕️POI 1: $2,857 - $2,848 ⭕️POI 2: $2,826 - $2,817