We have seen the first monthly candle close with a big wick showing there is some kind of reaction to this zone. Will be looking on the lower time frames for bullish chart patterns for an entry. Let me know what your outlook is!
We cannot say nor decide, that is for the market to take care of but, we have a bullish chart. We can see a major low and bottom pattern in late 2023. We can see a simple higher low in July 2024. Notice that the low in 2024 happened in July rather than August, which can be considered a positive signal as it detaches from the rest of the market. Those pairs that detach from the rest can move when the rest isn't moving. This pair, FTTUSDT, has been growing since July but bullish momentum only started to increase in September. After September, we have a clear bullish wave and the week is about to close at the highest level since December 2023, yes!, a year ago. In short, a weekly close above $3.45 and we have the highest close in a year. This would be a positive signal and can lead to higher prices. We cannot say that we will get higher prices, we can only follow the chart. We prepare for higher prices, but we also prepare for a crash. How to do this? Define resistance levels (targets) as well as support (stop-loss). If prices go down, either hold long or close at a loss. If prices go up, take profits. Very, very simple. Thanks a lot for your continued support. Namaste.
he U.S. Dollar Index (DXY) closed the week with a modest 0.2% gain, reflecting the influence of rising Treasury yields and persistent concerns over inflation, driven by the Federal Reserve’s hawkish outlook and the policy proposals from President-elect Donald Trump. Although the index dipped slightly by 0.06% on Friday, the dollar remains on track for a robust 6.6% annual gain in 2024. chart The 10-year Treasury yield climbed to 4.625%, marking its highest level since May, underscoring the market’s recalibration of interest rate expectations.
Looking for Bitcoin to bounce from this support zone and reach the $100.000 mark and beyond! Let me know what your outlook is!
TECHNICAL ANALYSIS: ? Price Structure: - QuarkChain currently showing a clear ascending triangle pattern - Current price: $0.01036 (-1.57%) - Trading timeframe: 1H chart - Key price level identified at $0.012(potential 20% upside) Pattern Analysis: - Formation of an ascending triangle with: • Horizontal resistance: $0.0122 • Rising support trendline (gray) • Compression zone between $0.010 - 0.0105 Key Observations: - Price has broken above the immediate resistance - Volume showing signs of accumulation - Target projection based on pattern height: 20.10% upside - Clear support zone: $0.009800-0.010000 Trade Setup: ▪️ Entry Zone: $0.0103-0.0104 ▪️ Target: $0.012 (20% potential) ▪️ Stop Loss: Below ascending trendline ($0.0099) ▪️ Risk:Reward ratio approximately 1:3 Important Levels: - Current Resistance: $0.011 - Key Support: $0.010 - Pattern Target: $0.012 Timeframe: 1H Bias: Bullish with break confirmation Pattern: Ascending Triangle Breakout Note: Always use proper risk management and position sizing. This is technical analysis only. DYOR. #QKC #Crypto #TechnicalAnalysis #Binance
Hello Traders, 8240 CHUBB Trend is up, with symmetrical triangle as continuation pattern. to be reach target within 10 working days. F=Good Luck for all
Everything is on the chart Day Trade 15M signal Goodluck
IDEX seems to have found a potential support zone, though oscillators are sending mixed signals. Entering with low capital and a tight stop-loss, planning to add if the trade moves in my favor. Stay safe, and thank you for reading!
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.
As in the chart attached to this article, the price of PEPE/USDT or 1000PEPE/USDT.P (for those trading the perpetual symbol, PEPE is currently on a downward movement on the daily, which is a clear sign of a downtrend. In this analysis, a perfect retracement of 79% on the FIB is at the place of interest, which has very high level of confluence which i can't go over in this article. But if you'd like to know how i got the accurate entry to this trade and more exactly like this, follow, and i'll interact with you. For now, enjoy this trade, and lets ride the wave together. P.S: Don't forget to set your limit orders! @realalvaritarfa