Chart Patterns
Analysis USD/JPY Technical Analysis
The USD/JPY chart showcases a critical price action setup, emphasizing key levels of support and resistance with potential trade opportunities.
1. Resistance Zone:
The pair is currently trading near a strong resistance level at 158.1, where price rejection has been observed multiple times. This suggests a significant barrier to upward momentum unless a clear breakout occurs.
2. Support Zone:
On the downside, a key support level is identified at 156.0, which has historically acted as a floor for price reversals. This level will be crucial in determining the pair's next directional move.
3. Forecasted Price Movement:
The price action indicates a potential bearish retracement toward the 156.0 support zone, as shown by the descending trendline. Should the price breach this support level, it could trigger further bearish momentum. Conversely, a break and close above 158.1 would signal bullish continuation, opening the door for higher highs.
Trading Strategy:
Bearish Scenario: Look for short positions if the price rejects the resistance zone or breaks below the 156.0 support, with targets around 155.5 or lower.
Bullish Scenario: Monitor for a breakout above 158.1, confirming upward momentum. This could offer long opportunities, targeting 159.0 and beyond.
Risk Management:
Ensure proper risk management by placing stop-loss levels above 158.5 for shorts and below 156.0 for longs. Use a favorable risk-reward ratio to optimize returns.
VodaFone Idea - Bottom made and ready for potential of 20 On a Monthly time Frame Vodafine Idea has touched bottom channel & along with that it has formed Bullish Shark pattern as well.
It will have next resistance at 13 (0.5 Fib). Monthly candle close above 13 will take it to 20.
Vodafone Idea is buy for 1 to 1.5 year time period for following targets.
13 - 20 - 23 - 26
Bitcoin following a curve in 15 min tfHi, bitcoin following a curve, did give some valuable insight about the bitcoin resistance through patterns in my last idea also talked about the supporting patterns there , well nearing the end of year, will give my monthly and weekly levels in below graphics , bitcoin already took resistance from 2024, 12M level, nearing the resistance and support level for the 2025
This is ready to turn just look how obvious the short is 419-350The bearish sentiment from almost double top but worse still, a new forming chart of lower highs and higher lows onto the center line of the Bollinger but then solid support down until 350; look at early indications predicting this, like the curving downward nine ema and 21, the chart pattern, the downward moving stochastic and RSI the heikin-Ashi confirmation candle on the daily the MACD death cross the bringing it solid support areas right next to the support on the BB lower than the anticipated support line but then look at the trend it is in an upward trend. Hence, it can likely bounce below 419-412, and maybe two volatile candles bring it down before the strength starts to build, but the latter seems like it may or may not. The lower 400 is highly liked based on those scenarios.
PEPE long Mid-Term IDEAokay so what we can see today is PEPE on the 1D time frame rebouncing from the support level.
info:
PEPE has made a strong resistance/support pattern starting from 2024 January,
which has just been hit again with it seems to be the same reaction as before.
if we can trust that the History will repeat it self then we can expect another 160% move these months.
i am still learning so recommend keeping it in mind for until it hits the resistance and when it breaks enter so you can secure a 60% profit.
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CHILLGUY Updateretracing as expected.
Accumulation zone between 0.618 and 0.886, but as mentioned before it's a very volatile token. it could be sooner.....
Not holding any positions on this one. Just enjoying the movement and training my analysis. Please be safe, use your gut and your mind.
Always remember, this is all a game and we are inside a blue pixel floating in a hi-res simulation. Be kind to others as you like other to be kind to you, and most of all, never forget to drink water.
Sawabona!
Gold Market Update: Bearish Momentum Targets $2583Gold continues to align with the prevailing bearish momentum, signaling a continuation of shorts. The market is expected to move toward the $2583 level as selling pressure remains dominant. capitalists should stay cautious and align with the trend as you hedge along with Akcapitals .comment , boost and folow for more insights ..
Alibaba's Bullish Recovery: Targeting $134 ResistanceAlibaba Group Holdings Ltd. (BABA) displays a bullish recovery setup, with the price targeting the critical resistance level at $134.06, as indicated by the projection arrow. The strong accumulation zone between $85 and $105, highlighted by the volume profile, suggests significant buyer interest in this range, forming a solid base for the upward move. The recent price rebound aligns with a shift in momentum, as seen in the oscillator at the bottom, signaling increasing bullish strength. If the price sustains its momentum, the $134 resistance zone could be tested, representing a key psychological and technical level for further upside potential.
REAL Is So Strong! I Have To Find A Low Risk Way Into ItA 250% earnings reaction in seven weeks shows incredible strength for REAL.
I was looking for a buyable pivot to form in the shaded flag area but it took off without me. I may not get the pivot I want, and if that's the case I may resort to buying it on support off the 10 day moving average.
OMG/USDT Long Trade Setup. OMG/USDT LONG TRADE SETUP;-
Entry Price: Current Market Price And $0.32
Stop Loss (SL): $0.2950
Targets:
Target 1: $0.39
Target 2: $0.4550
Target 3: $0.5145
Target 4: $0.5888
Target 5: $0.6375
Leverage Recommendation: 5x to 10x
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BTCUSD.market target 96000entry point 94800 stop loss 94000Here's a summary of your updated trade plan for BTC/USD:
Trade Plan
1. *Target*: $96,000
2. *Entry Point*: $94,800
3. *Stop Loss*: $94,000
Your plan indicates a bullish outlook, expecting the Bitcoin price to rise from the entry point to the target.
Key Considerations
1. *Risk Management*: Ensure you're managing risk with proper position sizing.
2. *Market Conditions*: Monitor market conditions, including economic indicators, regulatory updates, and technical analysis.
3. *Trade Adjustment*: Be prepared to adjust your trade plan if market conditions change.
Would you like me to provide current BTC/USD market data, analysis, or insights?