This is a pretty obvious Bullish Pennant. Its noticable on all time frames but the 6 hour provided a little more detail. Now, In theory, this should break to the upside (which is starting to happen right now), but we all know that market fluctuations are most determined by the emotional whims of society and CRYPTOCAP:BTC 's bi-polar reactions so anything could happen. All im saying is, this should be watched closely, and if its breaks north, expect a bull run. Not financial advice.....
peaq price declined from an all-time high of $0.75 to $0.25. This 66% declined created an oversold situation, especially considering the fundamentals of the project. Here are some of the reasons why I'm bullish: The chart looks clearly oversold The number of DePIN projects building on peaq continues to grow The Silencio network went live on peaq with hundreds of thousands of active users peaq will also get listed on additional large exchanges, which is usually good for the price More partnerships, projects and AI agents are coming to peaq over the next few months Their "Get real" campaign will bring much more users onboard Super solid team My price target is $0.75 in 3 months, a it should cross $1 before the end of the year. That's a potential 300% return. Let me know your thoughts!
This chart assesses Bitcoin's value using it's extension from the 200W moving average.
hello guys! Divergence Between Price and RSI: The chart shows a clear bearish divergence between price action and the Relative Strength Index (RSI). Price made higher highs, while the RSI formed lower highs, signaling weakening bullish momentum and the potential for a reversal. Price Action Analysis: The price reached the QML2 zone (~$103,000), and there is a clear rejection, suggesting selling pressure. The price is now heading toward QML1, located at around $95,600. If the price breaks QML1 and holds below, the next support target is around $93,455, where further downside could be expected. Support and Target Zones: Support Area 1: QML1 (~$95,600) – key level to monitor for possible breakdown. Support Area 2: QML2 (~$93,455) – potential next stop if QML1 breaks. Resistance Zone: Around $103,000 – the price has been rejected from here, acting as a strong resistance level. RSI Analysis: The RSI is showing signs of bearish divergence, which often precedes a price correction or reversal. RSI Below 50: If the RSI drops below the 50 mark, it could indicate increasing bearish momentum. Trade Setup: Bearish Setup: Entry: Short position below $95,600 (if price breaks QML1 and retests it as resistance). Take Profit: First target at $93,455, then possibly lower towards $91,000. Conclusion: Bearish Bias: The combination of price rejection at the upper resistance level and RSI divergence points to a potential price decline. Key Levels to Watch: The immediate breakdown below $95,600 and subsequent test of $93,455 will be critical for further downside.
The price has closed a bearish bar, covering the preview rejection candle spikes, which means, that the buyers could not push price from this level. There is the probability that the price will fall until next support level. As for buy scenario, the price must cluse a bullish engulfing candle!
Everyone and their mother is waiting for an XRP dip. The biggest liquidation wave of all time happened last week. But nothing is enough for them and they assume that the market will be so kind as to offer another place to buy and win. The train has already left and the journey is just beginning. I can't give exact dates but my graph follows the historical price development of XRP in 2017-2018 when it rose explosively. A similar graph adjusted to today's prices could roughly raise XRP 0.5$->3$->10$->100$ which could be the peak prices of this bull run in about a year. nfa dyor ...
This chart shows the CME Gaps Bitcoin has left over the past few years and when they were filled as well as the one that remains unfilled.
This week, rising Treasury yields and the threat of a global trade war are contributing to a stagflation environment, causing investors to rush into gold, and spot gold prices at one point climbed as high as $2,886/oz. US President Donald Trump has launched trade war 2.0 with the imposition of strong tariffs on imports from Canada, Mexico and China. The 25% tariffs on Canada and Mexico were postponed for a month, but the 10% tariffs on China took effect. China responded with 10-15% tariffs on US energy and agricultural products, effective from February 10, 2025. Trade war 2.0 expands in scope compared to 2018, includes many major trading partners and takes place in parallel with the US-China technology war. Countries with large trade surpluses with the US face the risk of becoming new tariff targets. If negotiations between the US and its partners fail to reach an agreement, retaliation could escalate, disrupting global trade, weakening economic growth and creating inflationary pressures, leading to stagflation, thereby boosting gold prices. On the contrary, if the Trump administration "cools down" the trade war by reaching an agreement after imposing tariffs, gold prices may decrease due to weakening shelter demand. Some economic data affecting gold prices next week: Tuesday: US Federal Reserve (FED) Chairman Jerome Powell testifies before the Senate Banking Committee. Wednesday: US consumer price index (CPI), FED Chairman Jerome Powell testifies before the House Financial Services Committee. Thursday: US producer price index (PPI), US weekly unemployment benefit applications. Friday: US retail sales https://www.tradingview.com/chart/XAUUSD/DTRZ4OgM-Strong-correction-quick-recovery-pay-attention-to-NFP-data/ ?Technically, gold prices still maintain an upward trend in the medium and long term. However, downward corrections can occur at any time considering shorter time frames such as H4, D1. On the H4 chart, the price can adjust to around the hard resistance level which is also the dynamic resistance level around 2790 before entering an upward trend again. Notable technical levels are listed below. Support: 2,844 – 2,834USD Resistance: 2,869 – 2,886 – 2,891USD SELL XAUUSD PRICE 2911 - 2909⚡️ ↠↠ Stoploss 2915 BUY XAUUSD PRICE 2789 - 2791⚡️ ↠↠ Stoploss 2785
This chart shows the most relevant support areas for Bitcoin and the likelihood that we reach each one.
up up up 1) Super Format 2) consolidated 3) Burst soon upwards