ETH/USDT Chart Update: Ethereum is trading within a descending triangle on smaller timeframes, a structure often associated with bearish continuation. However, it could also signal accumulation if support holds. Immediate support lies between $3,100 – $3,050, where buyers are attempting to prevent further declines. Near-term resistance aligns at $3,200, followed by the upper boundary of the descending triangle near $3,300. A breakout above $3,300 could trigger a rally towards $3,400 – $3,500, which would invalidate the bearish structure. A break below the $3,050 level could see ETH retesting the psychological level of $3,000 or deeper support zones. Volume and momentum indicators should be monitored closely to confirm any breakout or breakdown. Low-volume breakouts may lack sustainability. Wait for a decisive move beyond the triangle pattern before entering. Bullish bias above $3,300; bearish continuation below $3,050. This update shows the short-term dynamics and important levels for ETH/USDT in the upcoming sessions. Let me know if you’d like further assistance or adjustments! DYOR. NFA
Yesterday, EURUSD tested the levels below 1,0200 but failed to hold. Tomorrow, the U.S. inflation data is expected, which will influence the next move for the USD. Before the news release, there’s no reason to enter new trades. The first resistance level is currently at 1,0311. A reaction at this level could be a confirmation for the next move within the downtrend.
Baiting you. yes, to see my charts. SO likely grreeen happen and the rest is drawn, 92,500 from 96,500 is so gud bro. I have managed to say it earlier in the group
From the point where we placed the red arrow on the chart, it seems that ORDI's correction has begun. This correction appears to be a diametric pattern, and we are currently in wave E of this diametric, which is a bearish wave. The green zone represents a low-risk area for buy/long positions. If the price reaches the green zone during wave E, we can enter buy/long positions. However, if it reaches this zone after completing wave F, we will not proceed with buy/long. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
The Kiwi (NZD/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 0.5576 1st Support: 0.5557 1st Resistance: 0.5640 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD shows potential for an upward move, but the selling pressure remains a strong possibility. Traders should watch for bullish momentum above key levels while also keeping an eye on resistance zones that could trigger a reversal, offering opportunities on both sides of the market."
sell targets for gold (XAU/USD) at 2660, 2640, and 2620 align well with key support levels in a bearish trend. Here's how you can manage this trade: Trade Plan: 1. Entry Point: Enter near current resistance zones, e.g., $2,670–$2,675, or after confirmation of a breakdown below $2,680. 2. Targets: Target 1 (T1): $2,660 – A minor support zone where price may pause or reverse temporarily. Target 2 (T2): $2,630 – A more significant support level. Target 3 (T3): $2,620 – Extended target, indicating stronger bearish momentum. 3. Stop Loss: Place a stop-loss above the resistance zone, e.g., $2,695 or $2,700, to manage risk. 4. Risk-Reward Ratio: Ensure at least a 1:2 risk-reward ratio for each target level. For example, risking $10 to make $20 or more. 5. Trailing Stop: Once the price reaches T1 or T2, move your stop-loss closer to lock in profits while minimizing downside risk. Confirmation: Before executing the trade, wait for: A clear breakdown below $2,670. Increasing volume or bearish candlestick patterns like an engulfing or pin bar. Confluence with fundamental factors, such as a stronger USD or rising bond yields. Would you like live updates or a technical chart to refine this plan?
PSO on Daily TF has been retracing quite a bit. Right now price has just bounced back from Price Action Support Zone. However, a detailed GANN based analysis supported by Fib retracement, RSI and KVO has been performed. Trade Values Buy-1: 408 Buy-2: 342 Buy-3: 322 SL: 272
I Expected In Bitcoin BITSTAMP:BTCUSD Break Now This Heavy Support Zone (93,000/90,000). What Do You Think? Can Bitcoin Finally Break The Heavy Support Zone (93,000/90,000) Or Not!? According To The Theory Of Elliott Waves, Bitcoin Seems To Be In The Next Five Downward Waves After Completing The Double Top Pattern At The Resistance Level, And These Five Waves Can Break The Heavy Support Zone($93,400-$90,000). Note: If Bitcoin Goes Above The Given Resistance (95,000/96,000) Any D1 Candle Close Above This Resistance We Can Expect More Pumps. Note: There Is A Possibility That Bitcoin Will Drop Sharply And Make A Long Shadow. Please Respect Each Other's Ideas And Express Them Politely If You Agree Or Disagree. Bitcoin Analyze (BTCUSDT), 4-hour Time Frame Trade Setup: Entry: (95,000/96,000) Target1 93,000 Target2 90,000 Target3 87,000 Target4 85,000 StopLoss: If D1 Candle Close Above The Resistance Then Close Your All Sell Trades Be Sure To Follow The Updated Ideas. Do Not Forget To Put Stop Loss For Your Positions (For Every Position You Want To Open). Please Follow Your Strategy And Updates; This Is Just My Idea, And I Will Gladly See Your Ideas In This Post. Please Do Not Forget The Like Button & Share It With Your Friends; Thanks, And Trade Safe.
#MAJOR/USDT is ready to jump strong potential for a long position