Bitcoin has the potential to move towards targets of $120,000 to $125,000. If you would like us to include wave counts at lower times... please let us know in the comments.
Monthly TimeFrame: https://www.tradingview.com/x/ICFUUMdn/ Weekly TimeFrame: https://www.tradingview.com/x/ATTYLrGM/ LongTerm forecast (Monthly Timeframe): Price is in a Downtrend, But 0.5470 is a Major support. Considering that this support line has not been broken since 2009, there is a high probability that the price will be rejected and a long-term upward trend will be formed. But this process will also take years. MidTerm forecast (Daily Timeframe): 0.57992 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We would set buy orders based on Daily-Trading-Opportunities and expect to reach MidTerm targets. Beginning of entry zone (0.5540) Ending of entry zone (0.5470) Take Profits: 0.5664 0.5750 0.5799 0.5863 0.5916 0.6036 0.6118 0.6259 0.6368 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the ? BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! ? Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
I observed a clear bullish breakout above a key daily resistance level on the USD/CHF pair. The market is likely to continue rising, with the next resistance level projected at 0.9217.
The recent sell off today has offered a great buy opportunity for those still sitting on the fence.
Late last summer on Aug 5th when the Yen Carry trade unwound, the S&P 500 fell more than 5% intraday and VIX spiked to 60. This marked a localized bottom on the USDJPY daily chart with US10Y making 52 week lows the following month Sept. Since then, the US10Y has been on a relentless run to the 52-week high of 4.79%. This reminds us that under the surface there might be Yen carry trade in full swing. That means traders / investors are borrowing at low interest rate in JPY and then buying the US10Y to get the interest rate differential. This is also pushing the US Dollar index to recent ATH. There might be sharp reversals when the USDJPY carry trades unwind. Watch for key levels in US10Y and DXY. US10Y at 5% might be the turning point which will mark a failed breakout at Oct 2023 highs.
Bitcoin rises as the dollar falls, with Bitcoin set to rise to 97,900 with the Friday-Saturday holiday
Hello traders, Here’s my technical analysis for NVIDIA (NVDA). The stock is currently positioned near critical levels, offering opportunities for a strategic long-term bullish play. Key Levels and Observations: First Buy Level: $130 The first area of interest lies at $130, aligning with the previous price structure. This could act as an initial support zone for a potential bounce. Second Buy Level: $115 A stronger demand zone at $115, supported by historical reactions and aligning with imbalance zones, offering a better risk-to-reward entry point. Third Buy Level: $100 This level provides the strongest long-term buying opportunity, with significant support from imbalances and historical confluence. Imbalances and Gaps: Two key gaps ($135-$140 and $115-$120) suggest price retracement zones that align with potential areas of resistance and accumulation. Major imbalance zones between $100 and $115 could be critical areas for institutional accumulation before the next move higher. Strategy: Entry: Ladder entries at $130, $115, and $100 based on price confirmation signals (e.g., candlestick patterns, volume spikes). Targets: First Target: $150 (previous resistance and gap fill). Second Target: $165 (continuation into new highs). Stop Loss: Below $90 to minimize risk. Supporting Indicators: RSI: The current RSI level (~51) suggests that momentum is neutral, leaving room for further downside to create oversold conditions before reversing upward. Volume: Steady volume with spikes near key levels indicates market interest, supporting the possibility of a strong bounce at the marked levels. Long-Term Outlook: While NVIDIA has experienced a correction from its highs, the overall market structure remains bullish. With the growing demand for AI and GPUs, NVDA holds strong fundamental and technical potential for long-term gains. Accumulating at the key levels ($130, $115, $100) offers an excellent opportunity for positioning ahead of the next bullish wave. What do you think of this setup? Drop your thoughts and feedback below! Let’s discuss and trade wisely ? #NVDA #TechnicalAnalysis #BullishOutlook #SupportResistance #TradingPlan #AIStocks #LongTermInvesting
Still in rising wedge Most probably we were expecting the downmove because trend have to be completed at this way Right now closing candle is really interesting in H4 reason is that it is creating a indications while a formation of bullish ❗️ Although 2650 area is a challenging point all our idea would be Invalid if and only if break that point On the other hand if market move in this channel we are expecting these target which were given in chart and last point would be 2720.00 XAUUSD
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Price rejects old daily strong Level 0.84234 . that level have been tested before and there was a strong rejection to the downside. I'm not expecting the price to get to 0.84370. hence I'll be looking for sell opportunity to short EurGbp for the rest of the week except if there's any rejection amongst some daily poi below. Please boost if you find this insightful ?