The chart highlights a descending channel pattern integrated with Elliott Wave analysis, indicating possible short-term price movements. Currently, the price is navigating through Wave 4 and nearing a key resistance zone. Key Observations The price action reflects an Elliott Wave corrective structure within a descending channel. The ongoing Wave 4 suggests an upward move towards $0.69, a significant resistance level. After testing this resistance, the price could retrace to $0.32, completing Wave 5. Strategic Implications Watch for potential rejection or breakout signals around the $0.69 resistance zone for short-term opportunities. The projected dip to $0.32 could be a better area to re-enter for short-term trades. Focus on confirmation of Wave 5 completion to reassess the trend and strategy. Short-term traders should remain cautious and agile as the pattern unfolds.
Last time we looked at Cardano (ADAUSD) we gave a confident medium-term buy signal (November 18 2024, see chart below): https://www.tradingview.com/chart/ADAUSD/i2XM3dIV-CARDANO-1D-Golden-Cross-pushing-for-Resistance-breakout-to-1-40/ Today, having seen a very strong closing to the year last week and especially since the price bounced off the 1W MA200 (orange trend-line), we are making a long-term call towards the top of the Cycle. Technically ADA's historic pattern is a Channel Up and if we draw its Fibonacci levels, the price is currently within the 0.5 - 0.618 range. That is exactly where it was during the same stage of the previous Cycle in January 2021. As the 0.5 Fib held, once it closed a 1W candle above the 0.618, the price skyrocketed to the 0.786 Channel Fib and tested the previous All Time High (ATH). We can see the amazing symmetry between the Cycles on the 1W RSI fractals too. As a result, our next immediate Target for ADA is near the previous ATH at $3. Beyond that, we expect the Cycle to top at $5, which is marginally below the 1.236 Fibonacci extension, which was where the August 2021 Cycle Top was priced. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
BINANCE:ASRUSDT ENTRY : 2.112 - 2.070 ?TARGETS : T1 : 2.247 T2 : 2.442 BINANCE:ASRUSDT ✘STOP : 1.960 ?Reason for this trade: successful auction price break up 8H range and traded above range volume profile and above HVN and closed 8H candle above previous weekly high ?Entry setup 1- retest volume profile VAH + HVN POC ⚠️WARNING: • I'm not a financial advisor. • Do your own research (DYOR).
It is a great project I suggest you to DYOR. But speaking of the chart, I’m looking to buy at lower prices, the box on the chart is where I will personally buy. However the chart is not clear for long-term analysis because it’s a fairly new project so we have to wait.
Gold has made modest ground through Asia, adding $8 on the day, however, the news flow certainly suggests a higher probability that we could soon see increasing buying flows, as investors start to seek out portfolio protection from the incoming tariff hostilities. News that China added to its gold reserves for a second consecutive month in December, taking its reserves rise to 73.29m ounces from 72.96m in November, is one supportive factor. Another could be its role as a hedge against the impending tariff news flow. Tariffs are well known to markets and the idea that Trump will come in on 20 January and put through orders to hit various economies with tariffs is firmly discounted. What is not priced is aspect of the counter response and the potential retaliation measures…. Of course, It’s not as if anyone expects those nations targeted by Trump’s tariffs to simply take it without a counter response, but it depends on what that response looks like and whether it leads to a painful and protracted tit for tat ‘battle’ that plays out on socials and the media headlines. Today, amid Justin Trudeau’s resignation, speculation in the Canadian press suggested the Canadians could preannounce a list of US goods that will face retaliatory tariffs in the case of Trump hitting them with 25% tax on all Canadian products. Publishing this list before Trump takes office would be seen as a step in aggression and would not be taken well by either Trump and Jamieson Greer. In China/HK, the US Defence department has added Tencent to its list of Chinese military companies operating in the US. Not a tariff as such, but this geopolitical development would be a big surprise, not just to the company (shares are -7.3%), but would be seen as an act in bad faith by the Chinese government. China themselves would be preparing for the worst when it comes to tariffs – they have not adhered to any of promises made in the prior agreements to buy certain US goods in a gesture to reduce the US trade deficit. Trump will use that as in his negotiations, and if there is one economy that is unlikely to get much of a cushion in the upcoming trade talks, its China. How will China respond? Depreciate the RMB, look at trade ties with other nations (we’re certainly seeing that with China-Mexico forging ties) or come back with counter tariffs on US imports. The Washington Post reported yesterday that Trump’s aides were exploring universal tariffs only on critical imports and not on all goods – a fact that that was quickly shut down by Trump. If the WaPo are credible, and many suspect this will be the case, it ultimately could be a positive for risk in the long run. However, in the near-term, if the Canadian news comes to fruition, I think it opens the idea that we should prepare now for tit for tat retaliation, and its here where investors may start to look at gold as a hedge against this impending hawkish news flow. So, while it all depends how hard ball each party wants to appear, it could create a new level of noise and uncertainty that could see higher market volatility and push gold through the range highs of $2726 and towards $2800.
Once Confirm the CH, after identified the Order Block are & FVG area, then place the entry in FVG area and Stop-loss - above BSL, & Profit Target fix the Below SSL areas
https://www.tradingview.com/x/JqLhWiDh/ It looks like Bitcoin is ready to retest the All-Time High. The market successfully completed a bullish accumulation and violated a strong daily resistance. Get ready for more growth. ❤️Please, support my work with like, thank you!❤️
FX:EURUSD market surged, closing above the 1.03500 level. It then pulled back into a range zone, where it has been moving sideways for the past two weeks. Currently, the price is testing the high from the previous week. I believe the market may either move lower or remain within the range of 1.03500 to 1.04500 before the next significant movement occurs. On the daily timeframe, the price action is bearish, and I anticipate that the market will bounce off the resistance at 1.04500, a level that has been respected multiple times in the past. My goal is support zone around 1.03520 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
FX:XAUUSD is in a narrow channel, in consolidation, which complicates intraday movement, but nevertheless traders have a chance for possible growth. There is a lot of important news ahead that may give traders a chance. https://www.tradingview.com/x/TZdZ1JFp/ Despite the strong intraday movement in gold, we can say that the price is standing still in the range of 2600 - 2660. Quite a difficult place for the price due to the huge density of volumes, levels, tails... Traders are refraining from new directional bets ahead of the release of crucial data on ISM Services PMI and JOLTS job openings in the US. After a strong fall the price was bought back and returned to resistance 2648 - 2650, most likely further struggle will be for this area. The falling dollar broke the support line, thus giving an advantage to gold. Gold and the dollar are already starting to feel Trump's power and are reacting to his statements as quickly as they did during the last period of his presidency.... Resistance levels: 2649, 2664, 2674 Support levels: 2632, 2610 Until the price leaves the channel 2600 - 2665, most of the movements will not be very clean (nature of price movement inside consolidation). At the moment the emphasis is on 2649. If the bulls will keep the defense above this zone, then in the short term the price may show growth to the local maximum Regards R. Linda!
Some traders suggest a potential low in EURUSD just because the price is oversold, but without fundamental support and persistent bearish technical signals, it's premature to assume a bottom. For a sustained upward move, the price would likely need to establish itself above 1.05 and maintain levels there before a meaningful push higher. In the short term, the technical outlook remains bearish between 1.0416 and 1.0462. A reversal from this range could see the price drop to 1.0345, followed by 1.0292. 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.