GRWRHITECH potential breakout - Earnings gapup (EP)
- Strong prior uptrend.
- Tight price action.
- Volume contraction.
- Strong sector.
- High relative strength.
FLAG
Gold on the Brink: Major Price Shift Expected – Will It Surge?Key Observations:
4HR Channel:
The price is operating within a larger ascending channel on the 4HR timeframe. This channel is guiding the overall bullish momentum seen in the price action.
Weekly Flag:
The upper trendline of the weekly flag intersects with the current price movement, suggesting that this is a significant resistance level. The price is showing a potential reversal as it interacts with this upper boundary.
15M Channels:
Ascending Channel at the top of the 4HR channel: This smaller ascending channel within the larger 4HR channel might suggest a short-term bullish continuation, but it's also positioned at a critical resistance level, indicating a possible exhaustion point.
Descending Channel: Indicates a corrective phase within the overall uptrend. The price broke out of this descending channel, which led to the recent upward momentum, aligning with the weekly trend.
Potential Scenarios:
Bullish Continuation:
If the price manages to break above the ascending channel at the top of the 4HR channel, it could signal a strong bullish continuation. The price may retest the upper trendline of the weekly flag before further advancing.
Bearish Reversal:
Given the significant resistance from the weekly flag’s upper trendline and the upper boundary of the 4HR channel, a rejection here could lead to a decline. This might trigger a correction back down towards the lower liquidity zones (LQZ) marked on the chart.
Considerations:
Liquidity Zones (LQZ):
The 15M LQZ around 2,485-2,477 is crucial. A break below these levels might confirm a bearish reversal, while a bounce could suggest accumulation before another upward push.
Mass Psychology:
As price approaches the upper resistance levels, watch for potential signs of exhaustion or overbought conditions, which could reflect a shift in trader sentiment, leading to a reversal.
Strategic Approach:
Risk vs. Reduced Risk Entry:
If looking to enter a trade, consider the possibility of a reduced risk entry on a corrective pullback to the lower 15M LQZ if the price respects these levels. Alternatively, if the price breaks above the ascending channel, a riskier entry might be taken on the breakout, with stops placed just below the channel's boundary.
Multi-Touch Confirmation:
Watch for a third touch or more on either the upper resistance or lower support levels to confirm a potential reversal or breakout, as per the rule of three discussed in your uploaded materials.
This setup requires careful monitoring, especially at critical support/resistance levels, to determine the next directional move with confidence.
Buy GBP/CHF Bullish PennantThe GBP/CHF pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.1195, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1273
2nd Support – 1.1301
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GHCL potential breakout - One year big base.
- Rounding bottom pattern.
- Consolidating in tight range.
- Near base high.
- Strong prior buying force.
- Low risk entry.
- Can lead to the start of a strong uptrend as it is coming out of a big base.
NEULAND LABS potential breakout High tight FLAG formation.
Trading in a narrow range.
Low risk entry point.
Strong prior buying force.
Volume contraction.
BITCOIN → Why didn't we go above 70K? The reason for the drop...BINANCE:BTCUSD has been in consolidation for 5 months. The price makes another retest of the 70K resistance, but due to several reasons failed to pass this area. A correction inside the FLAG is forming
From 70K resistance another correction to 64K has started. The reason for this is strong bullish sentiment after the US allowed bitcoin as a reserve asset. There is also a lot of attention to BTC because of the presidential race. Accordingly, the Market Maker eliminates the positive crowd (the price always goes against the crowd). And whales start buying the asset at cheaper prices.
On Friday, the NFP report and unemployment (up 4.0% to 4.3%) influenced the price drop. Rising unemployment + rising inflation had a negative impact on the markets. It is too early to buy, we should wait for the slowdown of the movement and stronger data.
Resistance levels: MA-50, 63250, 68570
Support levels: MA-200, 59300, 56500
Technically, the price is testing MA-200 and is squeezed above MA-50. If MA-200 fails to hold the price, bitcoin may go down to the lower boundary of the FLAG before a buyer can take over the situation. BUT, if the bulls hold MA-200 as support and manage to consolidate above 63300, a rise may be waiting. Overall, the fundamental background is very positive, but local economic data has a negative impact on the markets.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;)
Regards R. Linda!
CLSEL potential breakout 5 months base.
Breakout with good volumes.
Forming a bull flag outside base.
Trading in a narrow range.
High relative strength.
Looks good for a quick 10% up move.
RKFORGE potential breakout POSITIVE POINTS:-
Strong buying Force.
Trading in a narrow range.
High relative strength.
Took support from 50EMA & now above 20EMA.
Volume contraction & institutional footprints visible.
NEGATIVE POINTS:-
Overall market condition is not favorable for breakout trading. Key indices are near 50EMA, there could be a potential break down in the coming days. No follow through moves were seen in last few days.
ETHEREUM → A train can become a rocket. Key zone 2700 - 2800 ↑The market is buying back BINANCE:ETHUSDT after a big fall due to fear. Bulls kept the price below 2000 and now they are trying to keep it above 2500. The overall bullish backdrop is still in place.....
A very promising technical situation is forming on W1. If the price returns to the global sideways range, we will have good prerequisites for a rise to 4000 - 4800.
Fundamentally, everything is the same, the general background is bullish. The liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure.
The key stations are the 2717 - 2817 area. If the bulls can overcome this resistance and consolidate above, thus forming a strong support area and an intermediate bottom, then the market will have an important and promising liquidity target above 4000.
Support levels: 2518, 2425, 2400
Resistance levels: 2717, 2817
The whales continue to buy the asset after a strong fall, despite the fact that the chart looks bearish, there are key prerequisites indicating that the big players are still bullish. The focus is on the key resistance at 2717. After Friday's test and pullback, the price is back to the level, which increases the chances of a breakout.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
CHAMBALFERT potential breakout Potential trendline breakout opportunity.
Tight price action near trendline.
50days base after giving a big move of 72% in 19days.
SPECUSDT.P-Bull flag Specusdt.p Bullish Setup: Bull Flag Breakout
The SPECUSDT.P pair has formed a classic bull flag pattern, and we've just seen a breakout above the structure at 6.008. While this is a promising sign, I’m waiting for a 4-hour candle close above the flag to confirm the breakout before entering a long position.
Entry: Watching for confirmation above 6.008.
Stop-Loss (SL): Below the EMA at 5.879.
Take-Profit (TP): Targeting 6.749.
This setup offers a good risk-to-reward ratio, with a well-defined SL and TP.
Always manage your risk accordingly.
Bitcoin Cup and Handle Pattern - Last Leg BINANCE:BTCUSDT (1W CHART) Technical Analysis Update
Bitcoin has recently formed a well-defined cup and handle pattern, with the price currently in the final stage of the handle. A recent market dip, fueled by recession fears, briefly pushed Bitcoin's price below $50,000. However, it quickly rebounded and is now trading at around $59,000.
If this reversal trend continues, we could see Bitcoin's price reach the resistance level of $65,000 to $67,000, marking the top of the handle. A breakout from this resistance zone would confirm the continuation of the bull run. The upcoming weeks will be critical in determining whether the bull run will persist or if a bear market is on the horizon.
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GreenCrypto
CME gap still not closed! Expect uptake of price and more ATH Increadibly, CME is still open now with a secondary formation because of bitcoin volatility
The gap is marked with the orange box with range 59,445 and 62,470
Extremily possible that price will need to go there, so big players do not lose money
Another evidence that price will go there, is that the price of bitcoin is finishing a flag pattern
Target of bull flag is around 85,000 usd per CRYPTOCAP:BTC
All Eyes on Critical Support for Bitcoin!All eyes must now be watching BITSTAMP:BTCUSD 's flag support shown in the primary chart above. Since BTC's all-time high at $73,794, BTC has had a steady, yet volatile, pattern of consolidation that has fit within a downward sloping flag channel, often called a bull flag. Yet a bull flag isn't a bull flag anymore if the lower channel breaks down decisively. So that's why all eyes are on this support now.
Interestingly, the yellow line in the primary chart above is a Fibonacci .618 retracement at $51,985. This .618 retracement coincides to some extent with flag support today. If the .618 retracement cannot provide support along with the descending channel's return line, then one can expect lower prices to retest, at a minimum, the major swing low on January 23, 2024.
With an escalation in geopolitical conflict, prices can be more volatile than normal. This can mean that support / resistance boundaries are broken more easily. And false rallies and dips can be more fierce and seductive. So be careful out there!
Even if relief rallies ensue, price may continue to struggle into next year. But don't rely on anyone's predictions—including mine! Try to stay objective, unbiased, and continue to watch what price is telling you—without trying to force your assumptions into the price action. In other words, what price is doing a week from now, a month from now, a year from now, will give you more information than virtually any trader or technical analyst can tell you.
Lastly, here are some longer-term levels that can be watched in the event price breaks down further from this flag / channel.
GBPJPY → Ahead of a rate hike in Japan...FX:GBPJPY intends to continue the current bearish rally. The price temporarily stops at the 197.00 zone for a short respite before falling further. The market is expecting an interest rate hike in Japan...
Price breaks the bullish market structure and then confirms the bearish one, indicating a change in the global trend. Volatility is rising in Japanese markets, with the Bank of Japan expected to discuss a rate hike this week and consider a plan to halve government bond purchases. This is a strong scenario for the strengthening of the national currency, traders are reducing the number of short positions this time.
Technically, the focus is on the level of 197.2, this zone splits the market into two zones. Accordingly, price consolidation below this level will be the starting point before the rally.
Support levels: 195.8, 193.8, 191.8
Resistance levels: 197.2, 198.75
Both fundamentally and technically everything is steamed towards further decline. The actions of the Central Bank of Japan affect the rate quite strongly...
Rate, share your opinion and questions, let's discuss what's going on with ★GBPJPY ;)
Regards R. Linda!
Polycab in Flag TrendPolycab NSE:POLYCAB in Flag Trend. You can buy above 6850 and 1st target would 7120 and next Target would be 7860, which you can achieve using GTT
STORJ / USDT → Wedge breakout with trend change target BINANCE:STORJUSDT shows positive dynamics to the change of trend and the beginning of bullrun. The coin is moving to the phase of implementation of a pattern that can change the direction of the market.
Bitcoin sets the general trend of the cryptvault market. The general fundamental background, which is formed around BTC and ETH sets positive prospects for other altcoins, which can still surprise us.
Technically, STORJ is coming out of consolidation and is essentially entering the distribution phase. A false break of the key resistance is formed, which can be broken after the next retest. High probability of a small correction before a subsequent attempt to break through this zone and enter a new range of 0.500 - 0.900.
Resistance levels: 0.4882, 0.6034
Support levels: 0.5 Fibo, 0.3530
The task of the bulls is to keep the defense above the key support, if it succeeds, the next target will be the breakout of resistance and bullrun.
Regards R. Linda!
BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth
July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP
Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market.
Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively.
Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies.
Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800.
Resistance levels: 67250, 71750
Support levels: 63800, 59300
Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range.
In the mid-term I consider a breakout of 67250 with further growth to 71700-73800.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;)
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XRP → The moment before “to the moon” ↑BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors...
Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon”
Many are speculating that the SEC's closed-door meeting to finalize the case against Ripple could take place today - July 25.
Against this backdrop: Trading volumes are rising, price is hitting local highs, whales are accumulating XRP
Technically, it is worth paying attention to the 0.6378 - 0.5712 range. If breaking the resistance fails, the price may test liquidity below the support before subsequent growth.
Resistance levels: 0.6378, 0.7440
Support levels: 0.5712, 0.5100
If the trial finds its denouement, it will give a second life to the coin. A break of the range resistance - 0.6378 will open a new path....
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Eurusd trading analysis for this weak For this week, the EUR/USD pair is showing mixed signals. The pair experienced upward momentum due to recent data indicating stronger-than-expected economic performance in the Eurozone. However, the Federal Reserve's concerns about potential interest rate hikes are putting downward pressure on the pair. Traders should watch for key economic announcements, such as GDP and employment reports, which could influence the pair's movement. Support is around 1.1000, while resistance is near 1.1150. Monitoring market sentiment and global events that could impact the currency pair is crucial.
DOGE → The bulls are overcoming resistance. Trend change?BINANCE:DOGEUSDT is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally....
The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects.
On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH
Resistance levels: 0.1437, 0.1657
Support levels: 0.126, 0.12
There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest
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Regards R. Linda!
GBPUSD → A favorable PCE could resume the bullish trend ↑FX:GBPUSD is forming a counter-trend correction amid the dollar recovery. Ahead of PCE, data may determine the medium-term outlook for the FOREX market
Technically, the market is increasing bets that the PCE may show hints of lower inflation, which will generally increase the chances of a September interest rate cut in the US. This could be negative for the dollar and positive for the currency pair. But no one rules out an unpredictable outcome, against which the currency pair could decline to 1.277
Technically, I would pay attention to the resistance at 1.2894. A consolidation above this zone will confirm the phase of the bull market, against which the price may rise to 1.30 - 1.31.
Resistance levels: 1.2898
Support levels: 1.2850
Fundamentally, things are not so bad. Favorable data can resume the trend after the correction phase, but it is still worth paying attention to the actual PCE figures and only then you can build a medium-term strategy
Rate, share your opinion and questions, let's discuss what's going on with ★GBPUSD ;)
Regards R. Linda!
