Pretty obvious PoC line would attract that like bees are to for honey!!!! Struggling in the orange box is what you would want for a breakout!!!
Snx looks ready, send it back to resistance. Also hopefully quantitative tightening ends soon and we can get our beloved alt season?
https://www.tradingview.com/x/oHIENP2q/ The Gold price has had a big run in January. It's bearish chart at the moment is probably what triggered Bitcoin to scab more liquidity down below 100,000 yesterday. Bitcoin is a big faker I've seen it many times. It will only go down under 90,000 if it feels it needs to for liquidity down there. It's hard to short Bitcoin and the Gold price due to their massive size, but this is a strong setup on the Daily Chart, 16H, 12H, 8H and 4H. We have the MACD overbought and crossing down and through the signal line on all these timeframes, but wait there's more, we have a Double Top on the Weekly and Daily chart. See the chart. My live chart is turning some profit now.
The goal of a successful trader is to make a good trade, money is secondary.
So this is something you ought to observe it here. Orange Box is to be hold, breaking it will get to the down to the blue line where new buys can be done too!!
Let me provide a clear analysis of the PENGU/USDT chart, focusing on the key technical patterns and potential trade setup. The chart shows a clear downward channel that has been broken, suggesting a potential trend reversal. Price has been consolidating in a demand zone (purple area) around 0.030 - 0.035 USDT, which could serve as a strong support level for future price movement. Looking at the technical structure: - Current price: 0.0186 USDT - Trading volume: 865.81M - Primary target (TP): 0.04 USDT The chart displays a classic reversal pattern with a descending channel (gray lines) that has recently been broken to the upside. This breakout suggests strong bullish momentum could be building. The projected price movement (shown in red) indicates a series of higher lows and higher highs forming within an ascending channel. Key levels to watch: - Support zone: 0.030-0.035 USDT (purple area) - Target price: 0.041 USDT - Current resistance: Trend line at approximately 0.025000 USDT To the bullish scenario. The breakout from the descending channel combined with the consolidation in the demand zone presents a compelling trading opportunity with a favorable risk-to-reward ratio.
Hello Traders, We closed last week with our analysis playing out as predicted, achieving all our leveled targets as confirmed by range-to-range breaks. Corrections like these are welcome, as they provide safe opportunities to buy dips and ride the long-term trend. For now, the price is fluctuating between 2770 and 2730 range. we anticipate levels being tested back and forth until one of the weighted levels breaks and locks to confirm the next directional range. Updated levels will help us track downward movements and identify optimal bounce points to enter trades. Key Updates: Resistance Levels: 2770, 2785 Bullish Targets: 2771 If EMA5 crosses and locks above 2771, the next target is (2784) If EMA5 crosses and locks above 2784, the next target is (2796) If EMA5 crosses and locks above 2796, the next target is (2808) Key Level: 2742 If EMA5 crosses and locks below 2742, it will open the path to TP1 (2726). TP1: 2726 If EMA5 crosses and locks below 2721, the next target is TP2 (2710). TP2: 2710 If EMA5 crosses and locks below 2710, the next target is TP3 (2694). We will closely monitor these levels and provide updates based on EMA5’s interaction with the weighted zones. The QUANTUM Trading Mastery
https://www.tradingview.com/x/ERclHwnH/ Currently in no man's land. Looking at gold to move towards 2735 or 2745 before deciding on the next move for gold. The image shows my 15 mins time frame prediction for gold.
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
The short-term dollar weakness is leading to a notable appreciation of the euro. Within the ECB, there are varying opinions regarding the future rate trajectory, but the prevailing sentiment strongly leans towards the necessity of further rate cuts. ING Group is confident that the ECB will cut interest rates by an additional 25bp at its monetary policy meeting this week and will pursue more gradual easing throughout the year. It’s also crucial to closely monitor Germany's 4Q GDP and Spain's January CPI results set to be released this week. Germany's GDP (QoQ) is projected to drop to -0.1% from 0.1% in the previous quarter, while the market anticipates Spain's January CPI to rise to 2.9% from 2.8% in the prior month. EURUSD broke below EMA21 and retreated to 1.0430. However, the price is still holding an uptrend, sustaining bullish momentum.If EURUSD breaks above EMA21 and the resistance at 1.0455, the price could gain upward momentum toward 1.0530. Conversely, if EURUSD breaks below the channel’s lower bound, the price could test the support at 1.0400.