Not my typical trade setup but when they are as obvious as this one has to take note.❗️ With such a strong rally over the past 24hrs or so you would be forgiven for expecting XRP to take a breather and have some sort or retracement but two things I always teach is: ? Every strong trend starts with a breakout and ? An asset can retrace in TIME rather than in PRICE, more commonly viewed as a consolidation on the chart. If you plan on taking on this setup remember to consider entry on a lower timeframe to manage risk and reduce the stop level if you use one. I know alot of you younger guys refuse to use stops "YOLO" you say BUT like I say "you can't trade without CAPITAL" so always manage your risk.?
eur/usd still under pressure and will move more down
Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
If you look at the recent price action of Velodrome Finance (VELO) side by side with Aerodrome (AERO), there’s an intriguing similarity in the charts. Both tokens had large drawdowns of around –62% over roughly the same time span (about 19–20 days) before Aerodrome launched into a massive rally back in March. The Setup Price Action: Velodrome is currently hovering around the lower range after its –62% drop. This consolidation period is often where accumulation happens if buyers are stepping in. RSI : The Relative Strength Index shows momentum potentially starting to shift from oversold territory, hinting that buying pressure could be building. Williams %R: Often used as an overbought/oversold indicator, it’s also turning from deep negative territory, another sign that prices might have bottomed and could be poised for a move upward. Volume: Although Aerodrome’s volume spike was on a smaller absolute scale, the uptick in Velodrome’s volume could be a bullish sign if it continues—higher volume on price upticks usually confirms stronger buying interest. Why the Bulls Are Hopeful Similar Trajectory: Aerodrome followed a major correction with a sudden upside push—many are eyeing Velodrome to do the same. Consolidation Base: When a token spends time “flatlining” near support, it can build a springboard effect if a catalyst (such as new partnerships, listings, or broader market rallies) arrives. Growing Demand: If Velodrome gains traction in its ecosystem—through staking, new protocol features, or simply community hype—it might attract fresh buyers ready to catch the next wave. Key Resistance Levels & Targets $0.20–$0.22: This is the first band of potential resistance where VELO’s last consolidation took place. Breaking above that zone could signal stronger upside momentum. $0.25+: If momentum really picks up, reclaiming this zone would be a major psychological win. It might open the way for a run back toward previous swing highs. Risk Factors As with any crypto asset, there’s no guarantee that Velodrome will mirror Aerodrome’s breakout—market conditions could change suddenly. Always be mindful of potential volatility. Keep an eye on RSI, volume, and overall market sentiment to gauge if the setup remains favorable or if weakness creeps back in.
Not a buy yet but on my watchlist. Pattern of higher highs and higher lows with rising 200 day SMA seems favorable. However, stock is in consolidation for a few weeks and i would not wonder if it pulls back below 200 day SMA in the short-term.
GBPUSD is in a descending channel under the trend lines. The price has already reached the support level and the lower boundary of the channel. The chart is oversold on the 1H Timeframe and has already formed a harmonic pattern. We expect a rebound. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Considering the breakout of the trigger line, the price structure shift, and the creation of a demand zone, we can look for buy/long positions on WIF during pullbacks. The target could be the red zone. We should enter the position at the green zone to minimize risk. Closing 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
Bitcoin is moving up now but that's an obvious trap to flash crash the price down on more time. People won't expect another flash crash of arround -10% and will panic sell their BTC to the whales. From there the price will go bullish. Why do I say this: Big asset classes in all markets trade of supply / demand zones. That is what the big investors look at before entering the market with big money. There is a demand zone at the 90k - 87 k level that needs to be tested before the price will move up. Same with ETH demand zones and 200MA at the 3k level needs to be tested before the price moves up.
XAU/USD (Gold/US Dollar) might be selling: Economic Factors 1. *Interest Rate Hikes*: The US Federal Reserve may continue to raise interest rates to combat inflation, making gold less attractive to investors. 2. *Stronger US Dollar*: A strengthening US dollar can make gold more expensive for foreign buyers, leading to decreased demand. 3. *Improved Global Economic Outlook*: A rebound in global economic growth could reduce demand for safe-haven assets like gold. Technical Analysis 1. *Resistance Levels*: XAU/USD may be facing resistance at key levels, such as $1,900-$2,000, causing sellers to take control. 2. *Trend Reversal*: A potential trend reversal could be underway, with gold prices breaking below key support levels. Fundamental Analysis 1. *Reduced Central Bank Buying*: Central banks may slow down their gold buying, reducing demand and putting downward pressure on prices. 2. *Increased Supply*: An increase in gold supply from mines, recycling, or other sources could lead to a surplus, driving prices down. Other Factors 1. *Cryptocurrency Rally*: A rally in cryptocurrencies like Bitcoin could attract investors away from gold. 2. *Geopolitical Tensions*: A decrease in geopolitical tensions could reduce demand for safe-haven assets like gold. Please note that these are potential reasons and not a definitive prediction. The gold market is subject to various influences, and prices can fluctuate rapidly.
Yello, Paradisers! #ARCUSDT has been regaining strength after a corrective phase, showing promising signs of a rebound. Recently, the price formed a double bottom, a bullish pattern that often signals a trend reversal. Momentum is building as the price begins to break above this key structure, setting the stage for a critical test ahead. ?The spotlight now is on a descending resistance at $0.04120, which has consistently capped #ARC’s upside potential. A breakout above this level could be the game-changer bulls are waiting for, paving the way for a bullish rally targeting $0.0510 to $0.0540. These levels align with moderate resistance zones and the double bottom's projected pattern target, where profit-taking might emerge. ?If the bullish momentum remains strong, ARC could aim even higher, testing the next major resistance around $0.0630 to $0.0650. This range represents a robust supply zone that traders should keep on their radar. ?On the downside, the neckline breakout level at $0.0370 to $0.03550 is a critical support zone. Any retest here is likely to attract significant buying interest, bolstered by the protective cushion of the EMA-200 and EMA-100. This confluence adds an extra layer of confidence for bulls preparing for the next move. Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant. MyCryptoParadise iFeel the success?