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Harmonic Patterns

LITUSDT.1DThe daily chart of LIT/USDT displays a bullish trend, with the price recently breaking out from a consolidation phase and approaching a significant resistance level. This analysis will discuss key price levels, assess the current trend's strength, and interpret technical indicators to anticipate potential future movements. Price Action and Structure: LIT/USDT has exhibited strong bullish momentum as indicated by the recent sharp rise in price. The asset is currently trading around $1.053, nearing the resistance level at $1.378 (R1). Resistance and Support Levels: Resistance Levels: The immediate resistance is at $1.378 (R1). If the price can surpass this level, it may target the next significant resistance at $1.874 (R2), potentially testing the recent high near $1.937. Support Levels: Key support is found at $0.775 (S1), which previously acted as a consolidation point. A deeper support lies at $0.446 (S2), providing a safety net in case of a significant retracement. Moving Averages: Not explicitly shown on the chart, but typically, the relationship between the price and moving averages can provide insight into the overall trend's strength. If the price maintains above key moving averages, it reinforces the bullish sentiment. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is currently negative but showing a convergence towards the signal line, indicating a decrease in bearish momentum and a potential bullish crossover soon. RSI: The Relative Strength Index (RSI) is at 64.90, which suggests that the market is neither overbought nor oversold. This level indicates healthy bullish momentum without immediate risks of a significant pullback due to overbought conditions. Conclusion: LIT/USDT is in a strong bullish phase, approaching crucial resistance at $1.378 (R1). The asset's ability to break and hold above this level could lead to further gains towards $1.874 (R2). The technical indicators support the continuation of this bullish trend, with the MACD hinting at an impending positive crossover and the RSI indicating sustained buying pressure. Investors should monitor these resistance levels closely and watch for potential retracement towards support levels if resistance holds strong. The upcoming trading sessions will be critical in determining whether LIT can sustain its upward trajectory or if it will face resistance-induced consolidation.
Long
by MarsSignals
AUDJPY Analysis - BuyAUDJPY Analysis Overview 1. Seasonality: AUD: Bearish until midweek — Seasonal weakness in AUD early in the week aligns with a short-term bearish sentiment. JPY: Bullish — JPY strength throughout the week supports its safe-haven appeal. --- 2. COT Report (Commitment of Traders): AUD: 4-week flip indicates a Sell bias. Non-commercial short positions are increasing, signaling bearish sentiment for AUD. JPY: 4-week flip indicates a Buy bias. Non-commercial long positions are increasing, reinforcing bullish sentiment for JPY. --- 3. Fundamental Analysis: LEI (Leading Economic Indicator): AUD:Decreasing — Suggests deteriorating economic momentum, adding to bearish pressure. JPY: Range — Neutral economic conditions but still supportive due to JPY's safe-haven status. Endogenous Factors: AUD: Mix to Decreasing — Weak internal factors limit AUD’s strength. JPY: Increasing — Improving domestic conditions support JPY buying. --- 4. Exogenous Factors: GBPJPY: Strong Sell — Broader risk-off sentiment in the market favors safe-haven currencies like JPY over risk-sensitive ones like AUD. --- 5. Technical Analysis: On the 1-hour chart: A Cup and Handle pattern and an ABCD pattern are forming, indicating bullish potential. After point C, the price is making Higher Highs (HH) and Higher Lows (HL), suggesting a bullish continuation. These bullish patterns present a good Buy Opportunity, especially as the price confirms its breakout above the handle. --- Bias: Buy Despite AUD's seasonal weakness early in the week, the technical setup on the 1-hour chart favors a bullish bias for AUDJPY. JPY's strength provides additional support for safe-haven flows, but the technical patterns indicate that AUDJPY has room to rally in the short term. Consider entering long positions upon confirmation of the breakout above the handle.
Long
by asadamalik
USDJPY MOVEMENT 1. The price is currently at 152.548, above the 0.382 Fibonacci retracement level (151.725), indicating potential bullish momentum. 2. A key support zone is identified between 151.70 and 152.00, which has held the price. 3. If the price holds above the support, it may continue toward the 0.618 Fibonacci level (153.63) and potentially target the previous high near 156.71. 4. A pullback to the support zone is possible before further upward movement. 5. The overall structure shows a bullish recovery from the recent low (148.63). This setup suggests a continuation of the uptrend if support levels remain intact.
by ScorpionX_Co
USDT.D 1. The price is at 3.96% and near a significant support level. 2. The key support is identified between 3.89% and 3.90%. This level might cause a reaction in the price. 3. A critical resistance is seen around 4.05%, which the price must break to continue its upward movement. 4. The drawn lines suggest that if the price reaches the support and reacts positively, there is a possibility of an upward move toward 4.05% (blue scenario). 5. In case the support is broken, a downward move toward 3.80% is expected (green scenario). 6. If the price surpasses the 4.05% resistance, the next target would be around 4.25% (red scenario). Note: Decision-making depends on the price reaction near the support and resistance levels.
CRYPTOCAP:USDT.D
by ScorpionX_Co
2
$BTC analysisSupply Zones (OB -): Two major resistance zones are identified at 104,555.1 and 100,581.2, where price reactions are expected. Demand Zone (OB+): A support zone is located at 94,366.3, which might act as a target if intermediate supports are broken. Market Structure: After testing the upper resistance, the price might retrace and continue downward toward lower support levels. Scenario: The price is expected to react at the resistance of 100,581.2. If selling pressure dominates, it may head lower toward 98,939.2 and eventually to 94,366.3. and if btc break that order blocks - price will go to next new high , but technical shows us bear trend now
by ScorpionX_Co
US30 in consolidation patter but will likely fall someUS30 is showing resilliance at support level 43700 with the entire day hovering on or around that support line. Price is currently within the trend line channel and and therefore would have to consolidate above that support area in order to maintain its levels. If price within the next 8 hours does not recover above the current support line it will likely fall some more. The next support level is at 43500. Look to short the US30 from a retest of the current support line to at least 43500. Make sure to set your TPs properly because it will be a fast fall to a rebound when it does. Follow me for more insights. Comment below for questions.
OANDA:US30USDShort
by leslyjeanbaptiste
Quantum Corporation (QMCO) 🛠️ What they do: They focus on data storage and management solutions—a critical sector in tech. 📊 The chart: 15-min (left): Short-term bullish momentum, with support near $16-17 and potential to push higher. 1-week (right): Signs of reversal in the long term, but still high risk. ⚠️ Risk: Very volatile—manage your trades carefully. 💡 Outlook: Short-term potential looks positive, but price swings can be wild. Trade safe! 💬 Let me know your thoughts!
NASDAQ:QMCOLong
by Charts_M7M
1
USD/CAD Riding the Ascending ChannelChart Analysis: The USD/CAD pair continues to trade within a well-defined ascending channel (blue-shaded area), reflecting sustained bullish momentum. 1️⃣ Ascending Channel: The pair is trading near the upper boundary of the channel, indicating strong upward momentum. Traders may watch for reactions at this level for potential continuation or minor pullbacks to the channel’s midline or lower boundary. 2️⃣ Key Resistance Level: The horizontal level at 1.3977 (pink line) represents a significant historical resistance area. A sustained breakout above this level has reinforced the bullish outlook. 3️⃣ Moving Averages: 50-day SMA (blue): Rising and acting as dynamic support near 1.3952. 200-day SMA (red): Sloping upward around 1.3723, confirming a longer-term bullish trend. 4️⃣ Momentum Indicators: RSI: Hovering near 71, reflecting strong momentum but also signaling overbought conditions. MACD: Bullish momentum remains intact as the MACD line stays above zero and trends upward. What to Watch: Price reaction at the upper channel boundary for signs of continuation or a corrective pullback. Any retracement towards the 50-day SMA or channel’s lower trendline could be closely monitored. RSI may warrant attention for any potential bearish divergence if momentum weakens. USD/CAD remains firmly within a bullish structure, supported by rising moving averages and strong momentum. The ascending channel provides a clear technical framework to follow. -MW
by FOREXcom
BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit: Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months. Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases. In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up. If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High. So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSD
by TradingShot
4
Potential bullish rise?GBP/JPY has reacted off the support level which is an overlap support and could rise from this level to our take profit. Entry: 194.67 Why we like it: There is an overlap support level. Stop loss: 193.14 Why we like it: There is an overlap support level. Take profit: 197.72 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Incredible Super Guppy Signals BTC Crazy Price ActionCrazy price action continues today on the heels of Softbank $100B AI investment in the United States to show confidence in American President Trump economy success. The incredible growth indicated on Super Guppy is a chart technique which gains insight on the strength and dimensions of the price movement. When things are going strong in a pump like we are seeing today, this indicator is very beautiful to witness. The world is reacting strongly in favor of American economic recovery and 2025 growth fueled by the AI technology boom. Japan clearly sees this and wants to support the action, provide jobs, and encourage innovation. We can see how Bitcoin reacts and how traders can use the continuing positive opportunity in BINANCE:BTCUSDT and other tokens. www.bloomberg.com finance.yahoo.com For Super Guppy Indicator in your technical analysis, visit the page on TradingView: Remember Habibi, the desert tests your will, not your strength.
COINBASE:BTCUSDLong
by LawrenceOfCoinrabia