The EUR/USD pair is staying firmly in a downtrend, trading around 1.0300 and moving within a well-defined descending channel. The price is now nearing a resistance zone at 1.0335–1.0350, lining up with the top of the channel. The bearish structure remains solid, with the pair consistently forming lower highs and lower lows. This current upward move is just a retracement, setting the stage for another drop toward levels around 1.0250 and 1.0200. The descending channel shows strong selling pressure, keeping the market under the control of the bears. It’s a good idea to keep looking for short opportunities today as long as the channel holds. Wishing you a successful and profitable trading day!
I dont know too lazy to write , train yourself to udnerstand my linesss of wisdoem
Look like it is going for form wedge or cypher pattern ... Keep Learning or Keep earning GK trade Manthan
XDC / USDT Price was showing incredible strength last few days/weeks during the recent correction It also formed huge double bottom its generally bullish but tries to breakout the weekly resistance now If everything remains stable i think it has high potential
In the world of cryptocurrencies, every token has a story, and Chainlink ( PHEMEX:LINKUSDT.P ) is no exception. Since its launch in 2017, LINK has established itself as a leader in decentralized oracles, bridging the gap between blockchain technology and real-world data. But what truly captivates traders is LINK’s price journey—a rollercoaster ride filled with opportunities and challenges. If you’ve been following our analysis, you might recall our deep dive into Cardano (ADA) last week. ADA had its own impressive run during the November 2024 bull market, but this week, we shift our focus to LINK. Like ADA, LINK also experienced a massive surge during the bull run, climbing from $10.245 on November 5th to an impressive $30.954 by December 13th—a staggering 302% rally that left investors euphoric. However, the tide turned, and LINK tumbled to $17.804, a 42% drop from its peak. Now, with the price hovering in this range, the question on everyone’s mind is: What’s next for LINK? Is it time to buy the dip, or should traders prepare for more turbulence? Let’s explore three possible scenarios for LINK’s price movement and uncover some Pro Tips along the way. Scenario 1: Continued Bearish Momentum Picture this: The crypto market remains under pressure, weighed down by bearish sentiment. LINK struggles to reclaim higher levels and forms a lower high—failing to break above $24.79 in the coming days. Then, the unthinkable happens: LINK breaks below its crucial $17.5 support level with heavy selling volume. The price plunges further, testing key support zones at $16.1, $13, or even as low as $10.2. For traders, this scenario might feel like walking through a storm, but opportunities often hide in chaos. Pro Tips: •If you’re daring and willing to take on higher risk, consider entering at $16.1 for potential upside—but be prepared for more downside. •For those seeking balance between risk and reward, $13 might be your sweet spot. •If you’re cautious and prefer minimizing risk, wait for $10.2—a level that offers a safer entry point but comes with the risk of missing out if the dip doesn’t go that deep. •Want to play it smart? Use scaled orders to spread your entries between $16 and $13 (medium-high risk) or $13 and $10.2 (medium-low risk). Scenario 2: A Period of Calm—Consolidation After months of wild swings—first the November bull run and then January’s sharp drop—LINK might finally catch its breath. Imagine the price settling into a quiet rhythm, moving sideways with little fanfare. In this scenario, LINK forms a lower high (below $24.79) but drifts slowly toward the $17.5 support level with low trading volume. For seasoned traders, this could be an opportunity to profit from the calm before the storm. Pro Tips: •Deploy grid trading bots to capitalize on small price fluctuations during this consolidation phase. •If you expect prices to rebound from support levels, start long grid bots near $17.5. •If you believe prices will struggle near resistance levels, start short grid bots near $24.79. This period of consolidation may not be thrilling, but it offers a chance for traders to sharpen their skills and prepare for what’s next. Scenario 3: The Bullish Breakout Now imagine a scenario where LINK starts showing signs of life—a bullish breakout that reignites hope among traders. If this breakout happens in the next few days, it’s likely to be a quick pump-and-dump rally—a short-lived rise that fizzles out almost as quickly as it began. However, if the breakout occurs after a period of consolidation, it could signal something more meaningful: a sustained upward trend. The key lies in timing and volume. A breakout above $24.79 with high trading volume would be the first signal that LINK is ready to climb higher. From there, traders can look toward resistance levels at $26 and $30.4 as potential profit-taking zones. Pro Tips: •If the breakout occurs after consolidation, it’s more likely to be sustained—watch for high volume as confirmation. •Consider going long once LINK breaks above $24.79 and aim for profit targets around $26 and $30.4. •Stay cautious if the breakout happens too quickly without consolidation—it could be a short-term pump with limited follow-through. This scenario is all about patience and precision. Waiting for consolidation before entering can help traders avoid false breakouts and position themselves for a potentially rewarding move upward. Conclusion Trading LINK isn’t just about numbers; it’s about understanding its narrative within the broader market context—and learning from similar tokens like ADA can provide valuable insight into how markets behave under similar conditions. Whether it’s navigating bearish waters like Scenario 1, profiting during periods of calm consolidation like Scenario 2, or riding bullish waves like Scenario 3—each scenario offers unique opportunities for those who are prepared. As you chart your course with LINK (and keep an eye on ADA), remember that every trade tells a story—and yours can be one of success if you stay disciplined, manage your risks wisely, and adapt to changing market conditions. So gear up and trade LINK like a pro—because every great trader knows that fortune favors the bold but rewards the prepared! Final Tips: Take your trading to the next level with Coin-M perpetual contracts, where you can use your ADA or LINK as collateral to trade and accumulate more tokens along the way. Phemex will list Coin-M perpetual contracts for ADA, LINK, AVAX, and SUI on January 16th. Don’t miss it—check it out! Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Bitcoin is showing strong bullish momentum, forming a clear "W" pattern. After reclaiming the 96,847.70 level, it’s making its way back to retest the previous high of 102,767.35. This high, which was previously a key resistance, came after Bitcoin broke above the 100k psychological level. With the current structure, it looks like Bitcoin is gearing up for a move back to the high, and potentially beyond. Momentum is building watch closely!
Quite obvious by the way i have marked the stances its just easy to follow.
W ~ 2D #W If you still have Conviction on this coin,. This is a very good support block for now,. Buy in stages. Target 20%++
With Russian gas getting more and more unpredictable for western Europe and the Trump administration wanting the US to export more oil and gas, natural gas plays are becoming a hot spot in the market. Buying here (around 33.50) and will take some profits somewhere around 36 and change and let the rest ride with a 200bp trailing stop. Div yield: 6.5% Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX. This is not investment advice, I'm just a village idiot that likes to think out loud.
XLM is showing all possible reasons to get into it ... short trade with 20% run ... I see it is forming Inverted head and shoulder ... Range breakout .... Keep learning and Keep Earning GK trad Manthan