https://www.tradingview.com/x/MlB2Avbv/ Here is our detailed technical review for EURAUD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.667. Considering the today's price action, probabilities will be high to see a movement to 1.672. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
? Market Context: - Bitcoin has completed a five-wave Elliott Wave structure, suggesting a potential corrective phase. - A corrective ABC wave is forming, with wave (b) rejecting at the 0.753 Fibonacci retracement level (106,484 USD), indicating strong resistance. - The price is showing weakness at key resistance, confirming a possible trend reversal or deeper retracement. ? Trade Entry Criteria: - The short trade is based on Elliott Wave analysis, expecting a wave (c) drop towards Fibonacci extension targets. - Price is currently in a consolidation zone after completing wave (b), showing signs of a lower high formation. - Strong resistance is holding at 106,484 USD, preventing further upside. ? Trade Targets & Risk Management - Entry Price: Around 101,767 - 106,484 USD - Stop Loss (SL): Above 109,295 USD (previous key resistance) - Take Profit (TP): - First target: 92,482 USD (previous support) - Second target: 87,646 USD (1.618 Fibonacci extension) - Extended target: 76,374 - 73,440 USD (0.618 Fibonacci retracement) - Risk-to-Reward Ratio: High probability setup with a strong risk-reward structure. ? Stop-Loss Placement: - The stop-loss is placed above 109,295 USD, invalidating the short if price continues upwards. ? Profit Target Justification: - The 1.618 Fibonacci extension at 87,646 USD aligns with key support and an ideal corrective wave target. - If bearish momentum increases, a deeper retracement toward 72,273 - 63,526 USD is possible. ? Summary - Bitcoin has likely completed a five-wave rally and is entering a corrective phase. - Fibonacci resistance at 106,484 USD is holding, indicating a strong rejection point. - Wave (c) projection suggests a decline toward 87,646 - 73,440 USD, aligning with key support levels. - If price reclaims 109,295 USD, the trade setup is invalidated and a continuation to new highs could occur. ? If confirmed, this short setup provides a strong risk-reward ratio with multiple profit targets in case of deeper correction.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Market are run by consumer. If there is no demand there will be no supply. Demand happens when salaried employees have some surplus. The decision to keep a 12 lakh no tax limit is best for banks as reason being people will have more money to repay the loans they have defaulted. People will be ready to borrow some money and try there own business in small scale as they have surplus from salary. FMCG obviously will be happy with the decision. Travel will also boost as now people will visit different places as they will have surplus. Less salried employee who never had money left to buy term insurance and medical insurance will opt for it provided government spread knowledge and good scheme for it. Only disadvantage is inflation and thats what government has to ensure is on control or else everything will collapse
Hi, dear traders. how are you ? Today we have a viewpoint to Sell/Short the RENDER symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Wormhole (W) is showing a strong bullish setup, making it a prime opportunity for investors looking to capitalize on a potential reversal. ? Technical Analysis: Strong Support and Bullish Reversal Signals Discount Zone Support ? W has recently taken strong support from the discount zone, a key area where institutions and smart money often accumulate positions before an upward move. This suggests that selling pressure is weakening, and a reversal is imminent. RSI Bullish Crossover ? The Relative Strength Index (RSI) has given a bullish crossover, signaling that the asset is transitioning from an oversold state to a potential uptrend. Historically, such crossovers have led to strong price recoveries. Break of Structure (BOS) & Change of Character (ChoCH) ? The chart also indicates a break of structure (BOS) in key levels, which suggests that previous downward trends are losing momentum. The Change of Character (ChoCH) is another confirmation that buyers are stepping in aggressively. ? Upside Potential and Target Levels Immediate Resistance: $0.28 – A break above this level could trigger rapid price movement. Short-Term Target: $0.50 – A key psychological and technical resistance level. Mid-Term Target: $1.00 – A major milestone for price recovery. Long-Term Potential: All-Time High (ATH) – If momentum sustains, W could aim for a full retracement to its ATH. ? Fundamental Catalysts & Recent Developments Strategic Airdrop Announcement ? Wormhole has recently announced a community airdrop to reward early adopters and active users. This move boosts engagement and attracts new investors, increasing demand for the token. Growing Institutional Interest ? Recent on-chain data suggests accumulation by large wallets, indicating confidence in the project’s long-term potential. Expanding Ecosystem & Partnerships ? Wormhole continues to expand its cross-chain interoperability solutions, making it a key player in blockchain infrastructure. Partnerships with major DeFi projects are enhancing adoption and utility, driving organic growth. ? Why This is a Strong Buying Opportunity? ✅ Technical Reversal in Play – RSI crossover, BOS, and ChoCH indicate a shift in momentum. ✅ Fundamental Strength – Airdrops, partnerships, and institutional interest bolster confidence. ✅ Massive Upside Potential – Aiming for $0.50, $1.00, and possibly its ATH. ⚡ Final Thoughts Wormhole (W) is presenting a rare opportunity at current levels. With strong support, a confirmed bullish structure, and key fundamental catalysts, the token is well-positioned for significant price appreciation. ? Now is the time to accumulate before the next breakout!
? Market Context: - XRP/USD is trading within a rising channel, but recent price action shows signs of weakness near the upper resistance level. - A breakdown from a smaller ascending trendline suggests that bearish momentum is building. - The price is testing a key horizontal resistance zone while struggling to break higher. ? Trade Entry Criteria: - Entry is positioned at the rejection of the upper channel resistance. - The price has broken a minor trendline, indicating a potential shift in momentum. - A lower high structure is forming, which may confirm a bearish reversal. ? Trade Targets & Risk Management - Entry Price: Around 3.018 - 3.132 USD - Stop Loss (SL): Above 3.291 USD (above the recent highs) - Take Profit (TP): 2.104 - 2.070 USD (previous strong support) - Risk-to-Reward Ratio: Favourable short setup with R:R over 1:3 ? Stop-Loss Placement: - Stop-loss is placed above 3.291 USD to protect against a potential breakout continuation. ? Profit Target Justification: - The main target is the 2.104 - 2.070 USD range, aligning with a key horizontal support level. - If price breaks lower, further downside toward 1.900 USD could be possible. ? Summary - Price is rejecting key resistance inside an ascending channel. - Lower high formation signals potential bearish continuation. - Clear risk-reward ratio makes it a high-probability short setup. - Targeting strong historical support levels for take profit. ? If price reclaims 3.291 USD, the trade setup is invalidated. Otherwise, continued downside is expected.
? Market Context: - OP/USDT has broken below an ascending trendline, indicating a potential trend reversal from bullish to bearish. - The price is retesting the broken trendline as resistance, a common pattern before further downside movement. - Recent price action has been bearish, forming lower highs and lower lows. ? Trade Entry Criteria: - Entry aligns with a trendline retest rejection, signaling a failed attempt to reclaim the previous uptrend. - Bearish price action confirms sellers stepping in at this level. - The rejection is occurring near a previous support zone, which is now acting as resistance. ? Trade Targets & Risk Management - Entry Price: Around 1.412 - 1.487 USDT - Stop Loss (SL): Above 1.596 USDT (above previous resistance) - Take Profit (TP): 1.084 - 1.074 USDT (previous major support zone) - Risk-to-Reward Ratio: Favorable short setup with R:R over 1:3 ? Stop-Loss Placement: - Stop-loss is positioned above 1.596 USDT, ensuring protection against a fake breakout or bullish reversal. ? Profit Target Justification: - The main target is the 1.084 - 1.074 USDT range, which aligns with a strong historical support level. - If bearish momentum continues, a potential deeper drop toward 1.000 USDT could be possible. ? Summary - Bearish breakdown below key trendline - Retest rejection confirms sellers in control - Clear risk-reward ratio (high probability short setup) - Targets strong historical support levels for take profit ? If price reclaims 1.596 USDT, the trade setup is invalidated, suggesting potential bullish recovery. Otherwise, continued downside is expected.
KSM successfully filled FVG big 1D candle when retrace to $23 So prefer buy zone aroudn 19-22 i think its best zone if price touch this red line