Hello, dear friends! ?Let's take a look at the latest analysis of XRP. Based on the current chart patterns, it seems we might see a short-term price drop to the $2 level before the next potential move unfolds. Looking at the chart, we can observe that XRP is currently facing resistance at higher levels, with selling pressure keeping the price from breaking out. The structure suggests a potential retracement towards the $2 support zone, which aligns with historical price action and key Fibonacci levels. This correction could provide a fresh opportunity for those waiting to re-enter the market or add to their positions. However, it’s crucial to watch how the price reacts around the $2 mark, as a strong bounce could signal the start of a new upward move. As always, patience is key in trading. If the price does dip to $2, it could serve as a foundation for the next bullish leg. Stay cautious, manage your risk, and keep an eye on the updates! Thanks for Your support, and let me know Your thoughts in the comments! Sincerely yours, Kateryna?
So far, the CRYPTOCAP:SUI price is holding up quite well, despite the correction in the crypto market. So we have a quick question for you on the OKX:SUIUSDT price: ? - a slight correction to $4 and then continued growth to $7.5 or ? - below $4, the beginning of a sawtooth correction to the region of $2 - $2.30 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
My indicator for time based in Gann Theory show that we could have a big movement in BINANCE:BTCUSDT.P Bitcoin, This indicator in the past was very accurate with the movements of btc, for example the one on November 24 that led to a growth of 48% or the one on December 16 where btc made ATH and then fell 15%, let see what happen https://www.tradingview.com/x/Rax2xtUB/
Head and shoulders pattern forming on the 3day. Not confirmed yet. Target around 67k
The chart posted is the TLT we have now reached a fib relationship at today low of .786 of wave or wave 1 both counts calls for a sharp rally back above 90 plus or mins 1 I have now moved to a 40 % net long in the money calls best of trades wavetimer
gold has recently made a cup and handle pattern that is a continuation confirmation. as the gold is bullish till now so the formation of the pattern add more to this.... so we hope this will accordingly inshallha
With GBPUSD approaching its 2024 low of $1.2298, it might be tempting to buy the British Pound against the USD. However, buying solely because it's oversold is not a good reason to turn bullish. Today's data, including ADP, job openings, and jobless claims, mostly exceeded expectations. While the ADP report slightly disappointed, the deviation was minimal. As a result, Friday's non-farm payrolls are also likely to remain strong, lifting US government bond yields higher. The yield spread between US bonds and those from other regions seems set to widen further, which will continue to pressure GBPUSD. While a short-term bounce is possible, if the price rises above $1.2415, traders are likely to view this as an opportunity to short sell as long as the price stays below $1.2511. The targets remain the 2024 low of $1.2298, followed by $1.2081, which marks the October 2023 lows. The only argument for buying the British Pound at this stage might be that it seemingly can't get worse. However, it realistically can, especially with Trump potentially returning to power in the US and likely reintroducing tariffs against key trading partners. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Hi ** The rising channel in yellow lines were broken from the down side ** Due to the above, more likely the daily uptrend line from 30.12.2023 will be broken too. ** At the middle currently, you would find a huge consolidation area (marked in yellow) which acts as a big rectangle, and due to all above, that rectangle will be also broken from the down side and will send the index to the exclusive TP on the chart! ** The fib retracements levels are so important on the daily frame and should be taken in consideration! Good luck all! Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Solana has barely made a new ATH - basically topping out at nearly the exact same place as the previous ATH made in Nov 2021. As Ii said in yesterdays update on ETH, there is no way BTC makes such a dramatic new ATH and ETH (and Solana) stay behind. https://www.tradingview.com/chart/ETHUSD/REniwnqC-ETH-FRACTAL-ATH-6000-Bitcoin-Overlay/ We can expect SOL and ETH to increase when BTC continues to trade range above 95k. This could be another multi-month playout, although ETH usually peaks rapidly at the end of the cycle, which is noteworthy from yesterday's analysis. ___________________ BINANCE:SOLUSDT COINBASE:BTCUSD