4H upside trend supported by ADX above 20. Price Above EMA200/100/50. 1H countertrend bounced of vwap and demand zone. RSI divergence is bullish, MACD is OS. Doji rejection candle on the bounce. Countertrend line. Falling wedge breakout on 15 min in confluence with rising volume.
the pair was trying several times to break the depicted level but failed and left a fake break on the level and now is heading south toward tp's please see what the market will play out
Risk is the political landscape, but upside is 30% with sector P/E OF 8-11 excluding $TSLA. You're getting fair value here with upside of forward EPS of >$10. $10*8=80 Don't overthink it, ride the trend up. President could mess it up but until then we're wave riding.
GBP/USD 1H - How we getting on folks, sorry for my absence yesterday I was stuck in London and had some things to deal with this morning, nevertheless we are here now with some updated analysis. As you can see price played straight into our hands from this Sunday Sessions video, trading us down and into the Demand Zone I highlighted as an area for us to buy in from. Price did go on to profit well for us. Moving forward I am wanting to see some bearish structure being put into this market and the reason for this is because we have now had a break in structure to the downside. As we know a break suggests a reversal in trend, so in this instance it would be bullish structure to bearish structure, I have gone ahead and marked out an area of interest I feel price may pullback into, giving us the opportunity to enter in short.
According My Personal Analysis xauusd Move Around These Areas Chart Price Currect 2749 selling areas I Can Expert If Price Break Its Resistance $2760 It Can Further Fly To $2780 key areas Currect Price 2749 Target 2730 Resistance Zone 2760 Demand Zone 2760 Traders Must Share Your Feedback in Thanks
#BTC The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards We have a bounce from the lower limit of the descending channel, this support is at a price of 98500 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 102500 First target 104300 Second targe 107500 Third target 110080
The first line of support remains at $2,721, a sort of double top in November and December broken on January 21. Just below that, $2,709 (October 23, 2024, low) is in focus as a second nearby support. In case both abovementioned levels snap, look for a dive back to $2,680 with a full-swing sell-off. Xauusd sell 2747 TP1 2740 TP2 2730 Target 2720
I see the possibility of a double zig zag forming with further downmove on XAUUSD. We already passed wave 1 and now I am waiting to see further upmove for XAUUSD until wave B.
As the leader of the altcoins, ETH is finishing its recent correction that began early December. By the end of the 1st week of Feb and somewhere around 3000 zone, ETH is expected to initiate a big upward move which is similar to Oct 2023 - March 2024 strong rally in terms of size and momentum, a move that shall take ETH towards new ATH. As ETH is considered the leader of the altcoins, its next heavy pump shall cause good pumps in many potential altcoins specially the ones related to ETH network. As always, crossing above the blue trendline is the initial trigger for the awaited pump.
? #SOL on Fire! ? ? #Solana is consolidating near the top of a bullish structure on the weekly chart ? With strong support at $210, it feels like a breakout is imminent… Ready for liftoff in 3… 2… 1… ? ? Target 1: $300 ? Target 2: $350 @whalesdesk