3 set ups came for us in forex and futures for us to take and make profit, in this video i broke down the set ups
Observations: 1. Head and Shoulders Pattern: - There seems to be a potential "Head and Shoulders" pattern forming near the top of the recent trend, which is often considered a bearish reversal signal. 2. Fair Value Gaps (FVG): - Two Fair Value Gaps are marked on the chart as potential zones where the price may gravitate toward. - The upper FVG is closer to the $1.68T market cap level. - The lower FVG is around $1.4T–$1.5T. 3. Volume: - Volume has been declining slightly as the market cap approaches the top, which might suggest waning buying pressure. 4. RSI Divergence: - The RSI indicator at the bottom shows a potential bearish divergence where price makes higher highs, but RSI fails to do so. This is another sign of a possible upcoming correction. 5. Support and Moving Averages: - Price is currently above the major moving averages, but a correction could lead it back toward the lower FVG or moving averages for support. 6. Trendlines: - A breakout from the wedge or channel earlier in the year led to the strong bullish rally. Now, a consolidation and potential reversal pattern is forming. Analysis: - The current chart suggests a possibility of a pullback or correction in the near term if the head-and-shoulders pattern confirms. - The first target for this correction could be the upper FVG at $1.68T, with further downside potential to $1.4T–$1.5T (lower FVG). - If the market fails to hold support at these levels, it may signal a more significant bearish trend. Key Levels to Watch: 1. Support Zones: - $1.68T (upper FVG). - $1.4T–$1.5T (lower FVG). 2. Resistance: - If the market cap manages to invalidate the head-and-shoulders pattern, a breakout above $2T could lead to new highs. Conclusion: Monitor the key support levels and the confirmation of the head-and-shoulders pattern. A breakdown below the neckline would signal a stronger bearish move. However, if support holds, it could resume its bullish trend.
Gold broke to the upside invalidating sells. Please check idea before execution. Not financial advise. Monitor PA to 2680 and beyond
At the beginning of the month, I anticipated a necessary pullback due to the red barrier on the Wr%. While I accurately predicted the pullback, I underestimated its severity and was slightly off on the timeline. As a swing/long-term trader, I'll accept minor discrepancies in the degree of severity and timing. In a previous video and subsequent write-ups, I emphasized that Crypto CRYPTOCAP:BTC , CRYPTOCAP:ETH , and AMEX:IWM , CAPITALCOM:RTY would lead us out of the DIP. This week, we are witnessing exactly that! Crypto and the Russell 2000 are bouncing back stronger than NASDAQ:QQQ and $SPY. In my 2025 preview, I discussed how AMEX:IWM has lagged behind since its peak in 2021. Before this bull market truly ends, we need a catch-up rally where the Russell launches itself at the SP500. I believe we will witness this in 2025, culminating in a blow-off top similar to 2021, followed by a significant correction crash. https://www.tradingview.com/x/RHa5yhnq/ Not financial advice.
If you're looking to trade BONK at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.000034 and take profits at the levels shown in the chart. Targets: 1. $0.0000355 2. $0.000038 3. $0.000041 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
#RUNE #RUNEUSDT #THORChain #Analysis #Eddy At your request, dear followers, I'm here with a technical analysis of THORChain (RUNE). On the daily timeframe, after exiting the trend and the ascending channel, I expect RUNE to have a Sharpe decline to the specified demand area after pullback to the specified supply zone at 5.170 & 5.270. After this drop to the demand zone, with confirmation, we can enter long positions with a focus on the targets of $10 and $20. It is also appropriate for spot buy in prices : 2.150 & 2.000 I also invite you to benefit from my Bitcoin analysis... Bitcoin analysis: ((BTC/USD)): Check the link: https://www.tradingview.com/chart/BTCUSDT/2eQGD7od-BTC-BTCUSD-BTCUSDT-Bitcoin-Analysis-DUMP-MarkDown-Eddy/
EURUSD is in an ascending channel between the trend lines. The price has already reached the support level and the lower boundary of the channel. The chart has formed a harmonic pattern. We expect a rebound when the price consolidates above the upper trend line. Share your opinion in the comments and support the idea with like. Thanks for your support!
we are starting to see XRP break out so i have two options for the market #1 we are at the bottom and will start to see everything break out #2 we will see a c wave to make a lower low, this should be verified within a few days. i am leaning toward a breakout by cannot verify until i have more time to look at the charts. so we are at a tipping point.
GOLD retains its bullish potential as Australian dollars come strong and silver price skyrocket . GOLD 2596 demand floor pushed price into 2662 zone before correction.break of 2662 will be watched .
THE FED FUD'STERS ARE AT IT AGAIN! ? All I have to say is the TVC:VIX is forming a beautiful Bear Flag right now! Look what's happened in the past! Bear flags form then break to the downside and we plummet. Stay patient friends! Not financial advice