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KSMUSDT Analysis: Potential Reversal or Further Decline?✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the KSMUSDT pair in the crypto market. 🗂 About the Project: Kusama (KSM) is an experimental blockchain platform designed to provide a proving ground for new technologies. It serves as a sister network to Polkadot, allowing developers to build and deploy decentralized applications (dApps) quickly and with lower risk. 📅 Weekly Timeframe Analysis In this timeframe, KSMUSDT has experienced notable fluctuations. The price reached a significant peak before entering a correction phase. Currently, KSM is trading around the $21.18 level, with a key support at $17.38. A stabilization above $24.35 could signal a bullish trend, potentially targeting $37.42 and $55.99. However, a failure to hold above $17.38 might lead to further declines, with the next major support at $14.50. 📅 Daily Timeframe Analysis On the daily chart, KSMUSDT has shown a bearish trend with the price consolidating around $20.44. The key resistance levels are at $24.23 and $27.00. A break above these levels could indicate a shift to a bullish trend. On the downside, a break below the $16.72 level might lead to further bearish movement. The RSI currently stands around 43.95, suggesting potential bearish momentum. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, KSMUSDT is consolidating near the support at $20.05. A drop below this level could signal further declines towards $16.63. Conversely, a move above $21.20 could indicate a short-term bullish reversal, targeting resistance at $24.28. The RSI is around 47.61, indicating a neutral to bearish sentiment. 📊 RSI Oscillator The RSI is currently ranging between 37.54 and 47.61 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
A fool's buy order.Hi. I've had a lot of burns with choosing the right entry points in different assets, so I've formed a strong cynicism towards the 2024 market. CHZ is a great asset, exploding in the good old days. Yes, I see a lot of people waiting for his shot right now. However, using a large timeframe (10D) and the latest Linear Regression Oscillator , you can see that things could be potentially volatile over the next few months and a squeeze to the lows is possible. Oversold conditions may develop for some more time. In addition, my favourite SQZMOM warns of an imminent start of a downward expansion (grey cross). What did I do? I placed a buy order. At $0.015 . :) If I turn out to be right, I will enter more than successfully. If it turns out that the Daily timeframe has already confirmed support and a move is only forming upwards, I will consider buying from current levels.
by averkie_skila
1
Long USD/JPY idea into BOJ and Fed meetingsBOJ rates pricing is as hawkish as it’s been since before the GFC. At the same time, expectations for rate cuts from the Fed over the next 12 months are nearing levels seen in January. For a FX pair with a rolling daily correlation of 0.95 over the past month with two-year yield spreads between the US and Japan, it suggests there is only limited scope for narrowing interest rate differentials to drive further downside in USD/JPY over the near-term. When you look at the daily chart, with USD/JPY nearing key support at 151.95 and divergence between RSI and price warning of waning downside momentum, risk-reward appears skewed towards initiating longs heading into the BOJ and Fed meetings later today. Should we see USD/JPY push towards 151.95, consider going long with a tight stop below the level for protection. Probes higher over the past week have stalled above 154.54, making that a potential initial trade target. Should 155.375 be taken out, the next target would likely be the important 50-day moving average. Should the trade move in your favour, consider lifting your stop loss or using a trailing stop to protect against reversal. Good luck! DS
Long
by FOREXcom
XRP/USD Monthly MACD Crossover: Potential Bullish SignalThis analysis examines a potential bullish signal for XRP (Ripple) against the US dollar (USD) based on a monthly MACD (Moving Average Convergence Divergence) crossover. What is a MACD Crossover? The MACD is a technical indicator used to gauge momentum and identify potential trend changes. It consists of two lines: the MACD line (faster moving average) and the signal line (slower moving average). When the MACD line crosses above the signal line, it can indicate a shift in momentum from bearish (downtrend) to bullish (uptrend). XRP/USD Monthly MACD Crossover: On the monthly XRP/USD chart, a recent MACD crossover suggests a potential long-term trend reversal towards a bullish direction. However, it's crucial to understand the limitations of this indicator: Time Frame: Monthly charts provide a broad perspective, but price movements can be slow. Reaching the $1 target price might take an extended period. Confirmation and Additional Factors: For a more complete analysis, consider these additional factors: Price Action: Look for confirmation from price action on the monthly chart. Bullish candlestick patterns preceding the MACD crossover can strengthen the signal. Resources like www.investopedia.com provide detailed explanations. Other Indicators: Supportive signals from other technical indicators, such as increasing trading volume or a rising RSI (Relative Strength Index), can bolster the bullish case. You can learn more about the RSI at www.investopedia.com Fundamental Analysis: Technical indicators provide technical insights, but fundamental factors like upcoming developments, regulatory changes, or the overall health of the Ripple ecosystem can significantly impact XRP's price. Conduct research to understand these factors. Risk Management: Don't chase price: Avoid the urge to buy XRP if its price starts to surge following the MACD crossover. A measured approach involves waiting for a potential pullback or a confirmation signal before entering a trade. Set Stop-Loss Orders: Always implement stop-loss orders to limit potential losses if the price movement contradicts your expectations. Conclusion: The monthly MACD crossover on the XRP/USD chart is a potentially bullish signal, but it should be used in conjunction with other technical indicators, fundamental analysis, and proper risk management practices. By understanding the limitations of individual indicators and conducting thorough research, you can make more informed investment decisions in the cryptocurrency market.
BITSTAMP:XRPUSDLong
by ParabolicP
1
The "Wedge" Confirms the "Nod" - EUHere I have EUR/USD on the 4 Hr Chart! The Head & Shoulders Reversal Pattern took all mid-July to form with Price finally Breaking the Low @ 1.08715 and giving us the New Lower Low @ 1.08256! Price has been working back up to test the Break of Confirmation of Pattern but remains unable to break above, and with this Price Action, we begin to see a Bearish Wedge formation!! This Wedge is a Continuation Pattern and is textbook confirmation to see the Head & Shoulders being true to the Reversal Behavior! *As long as Bears remain solid at the 1.087 level, the Bearish Break to the Rising Support of the Wedge will be Confirmation of the Wedge Continuation Pattern itself, therefore strengthening the Bearish Bias on the Pair to CONTINUE! -We see Price on the RSI is remaining BELOW the 50 reassuring Bearish Pressure -BB Trend Printing strong Red Bars -Fundamentals- EUR - CPI's & GDP (Tue), CPI's (Wed), PMI's (Thur) USD - Consumer Confidence & JOLTS (Tue), ADP Non-Farm/GDP/Pending Home Sales/Funds Rate (Wed) Unemployment Claims ISM Manu. PMI (Thur) Average Hourly Earnings, Non-Farm Employment, Unemployment Rate (Fri)
Short
by Novi_Fibonacci
EURCAD Forex Pair Analysis: Market Trends and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EURCAD pair in the Forex market. 🗂 About the Pair: The EURCAD pair represents the exchange rate between the Euro and the Canadian Dollar. It's influenced by factors such as European and Canadian economic data, central bank policies, and global market sentiment. 📊 Weekly Timeframe Analysis In this timeframe, EURCAD has shown significant range-bound movement. The pair is currently testing a key resistance level around 1.50153, with major support found at 1.29621. The RSI indicator shows a reading of 62.21, suggesting the market is nearing overbought conditions but not at extreme levels yet. 📈 If EURCAD breaks above 1.50153, we could see further bullish momentum, potentially reaching towards the next resistance level at 1.57769. 📉 Conversely, if the price fails to break through and reverses, a pullback towards the support level of 1.43037 could indicate a bearish trend continuation. 📊 Daily Timeframe Analysis On the daily chart, EURCAD has been trending upwards since early 2023, with the current price action testing the resistance around 1.50153. The RSI at 63.44 reflects bullish momentum but is close to overbought territory. 🧲 A breakout above 1.50153 could signal a continuation of the uptrend, targeting higher levels. 📉 However, a reversal or stabilization below 1.49002 may indicate a weakening of the bullish trend and potential for a correction. 📊 4-Hour Timeframe Analysis In the 4-hour timeframe, EURCAD recently experienced a strong bullish impulse, followed by a consolidation phase. The pair is currently testing resistance at 1.50182. 📈 For long positions, a breakout above 1.50182 could provide an entry point, with targets at 1.51000 and beyond. 📉 For short positions, key support levels to watch are 1.49188 and 1.48730, with a potential for deeper retracement towards 1.47733. 📊 RSI Oscillator The RSI across the timeframes is currently indicating a mixed outlook: Weekly: 62.21, close to overbought Daily: 63.44, nearing overbought 4-Hour: 46.58, neutral with room for both upside and downside A clear break of the RSI levels, combined with price action confirmation, could help identify potential trade entries. 🧲 Conclusion Given the current bullish momentum in the weekly and daily timeframes, a short-term long position could be considered if EURCAD breaks above 1.50153. However, caution is warranted as the pair approaches resistance, and the RSI suggests potential overbought conditions. A watchful eye on support levels and volume trends will be crucial for assessing the strength of any moves. ⚠️ Please note that this is not financial advice. I'm simply providing this analysis for educational purposes. Always do your own research and consider your trading strategy and risk management plan. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
by itsparham96
FLIGHT FLAREHi! This is the situation on many altcoins, and FLARE is no exception. A 4 hour or 1 day chart will tell you a little bit about what awaits this altcoin. You need charts of at least 1 week, and preferably more. That's 10D (as there is not yet the right history here to effectively apply 19D or 26D). Watch the Ichimoku clouds. The Tenkan and Kijun crossed with a golden cross. And soon crossed with the death cross. In addition, the indication lines entered the cloud. But the Kijun is under the Tenkan and the candles are below both lines. That's a bad sign, the price will fall out of the cloud. We're probably talking about a retest of the bottom at $0.0078. I'm going to place buy orders from 0.017 to 0.008 with 10% spacing between buy orders. The green cloud may not start to form until the spring of 2025. I have schematically drawn it, while I am not clear about the potential of the asset, but judging by the chart it is big.
by averkie_skila
5
Long Kiwi setup looking for a revival in risk appetiteThe New Zealand dollar is a binary bet on how investor risk appetite evolves this week. Having plunged over the past fortnight before bouncing off horizontal support, a setup is in place to look for a reversal. We just need risk assets to oblige. To reinforce how influential risk assets have been on the Kiwi, its rolling daily correlation with Nasdaq futures sits at 0.92 over the past month. With copper futures it’s an even stronger 0.95 and 0.89 with USD/JPY. It’s deeply negative with the VIX at -0.88, indicating that when volatility spikes, Kiwi usually tumbles. That suggests Microsoft’s earnings report and speculation before the Fed are likely to heavily influence NZD/USD over the next 24 hours. NZD/USD screens as decent long setup from a risk-reward perspective, oversold yet still able to bounce off .59593 at the first time of testing, an important level that has provided support in the past. While no guarantee this time will be the same, when RSI has sat at these kinds of levels over reccent years, it has often occurred around a market bottom. Those taking on the long trade could buy above .58593 with a stop below for protection. Some selling may be encountered at .5900 but there isn’t any real visible resistance levels evident until we get back towards .5985 of .60491. DS
Long
by FOREXcom
Is Solana at risk of a price reversal? What historic trends say:Solana (SOL), the world’s fourth-largest cryptocurrency, gained massive attention as it broke out of the crucial resistance level of $187. Following SOL’s crucial breakout, there is a high chance that it could rise to the next resistance, which is near $204. However, there is also a concern among the new investors about a potential price reversal from this upcoming resistance. According to the historical data and price action, whenever SOL has reached the $204 level, it has consistently experienced a notable price reversal. Since March 2024, SOL has reached this level twice and experienced a significant price reversal each time, which is the reason for the concern among new investors. As of writing, SOL is trading near $184 and has experienced a 4.5% upside move in the last 24 hours. Despite an impressive price surge, trading volume has dropped by 18% over the same period. This decline in trading volume might indicate that investors and traders are conscious of the resistance level due to the historical price reversal. According to technical analysis, SOL recently broke out of the crucial resistance level of $187, and was heading toward the next resistance level of $204. Following this breakout, there is a high possibility that SOL could reach the $204 level in the coming days. Relative Strength Index (RSI) is above 50, signaling trend steadiness. Also, major liquidation levels emerged near the $180 and $203 levels. This creates a potentially bullish outlook for SOL.
by paul_endeo
Beginning of the AJ Bull's END?!Here I have AUD/JPY on the Daily Chart! Beginning in March of 2020 to what seems to be the new High @ 109.372 in July of 2024, we have seen the end of the 5th Wave of Elliot's Impulse Wave! With Prices steep decline to the new LOWER LOW @ 99.209, knocking out the Low of June and Testing the Low of May, these are the conditions needed for what could potentially turn into a Correction Wave!!! The Sellings have BEGUN! -You can see that the RSI after this enormous drop in price Breaking Lows ( Structure) is now operating under the 50 mark & Oversold! -The BB Trend is now printing Red Bars showing signs of Bears in the vicinity! Where might Price go?? -If 99.209 is our True Lower Low we will be working with, I suspect price will make a STRONG retracement! *Potential Retracement Levels* ( 103.091 - 103.691 ) - Golden Zone ( 104.291 - 105.490 ) - 50% / 38.2% -Fundamentals- *Uncertainty of BOJ decision mixed with the suspected COOLING of inflation on AUD may be just the catalyst we need to see this pull off! AUD - CPI q/q & y/y - Tuesday, July 30th JPY - BOJ Policy Rate - Tuesday, July 30th
Short
by Novi_Fibonacci
Why I Think GBPUSD Will Buy This Week...Technical AnalysisHey Rich Friends, I hope all is well! This is only a technical analysis of GBPUSD, so make sure you cross-reference your charts and check the news. I think this pair will continue to buy and here is what I am looking at: - The 3 EMA (blue/smaller) has crossed over the 10 EMA (purple/larger). This is a bullish confirmation for me. - The stochastic is facing up, the fast line (blue) is above the slow line (orange) and both lines are above. These are all bullish confirmations for me - The candles have broken and closed above the top trend line. This is a bullish confirmation for me. Additional confirmations you can wait for: - Price to close above 1.28900 My TPs will be set at previous highs and my SL will be at a previous low. Happy Trading and good luck if you decide to take this trade! Peace and Profits, Cha
Long
by MoneyMantraCha
FTSE 100 futures reverse hard to stage bullish breakoutFrom dire to delightful in the space of two sessions – that’s was the rollercoaster ride UK FTSE 100 bulls had to endure late last week with futures taking out stops layered below 8152 before reversing hard on Friday, taking out the 50-day moving average and downtrend resistance dating back to the record highs set in May. Closing at the highest level since June 24, it looks like the move may extend further this week with MACD and RSI triggering bullish signals, hinting at a potential retest of the former highs. Those looking for this outcome have a variety of setups to choose from depending on how the price action evolves on Monday. Ideally, a retest and hold above the 50-day moving average would be the preferred setup, allowing for a stop to be placed below the level for protection. Potential upside targets include 8351.5 and record high of 8489. For those itching to buy the breakout immediately, you could place a stop below 8300 for protection. Targets would be the same as those mentioned above. The final option would be to wait for a potential break and hold above 8351.5, allowing for longs to be established above the level with a stop below to protect against reversal. That setup would need to target 8489 to make the trade stack up from a risk-reward perspective. Even though the composition of the indices is very different, you get the sense Microsoft’s earnings report after the market close on Wall Street on Tuesday will be highly influential on whether the FTSE sees record highs this week. Should the bullish momentum be sustained, it will come down to the market reaction to the Fed interest rate decision on Wednesday and Bank of England policy decision on Thursday. The Fed is likely to leave rates on hold but signal a rate cut is likely in September. The BoE outcome is far less certain with markets deeming the outcome a coin flip. With other central banks turning dovish, I suspect we may see the MPC do a RBNZ and reprioritise growth over the threat of an inflation reacceleration, delivering the first cut of the monetary easing cycle. If it does cut, the signal on the likely path for rates in the future is likely to be more influential on the decision itself, so keep an eye on Governor Bailey’s press conference. DS
ICEEUR:Z1!Long
by FOREXcom
1
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market. 🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers. 📅 Weekly Timeframe Analysis In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase. 📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539. In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅 Daily Timeframe Analysis On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421. 🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave. On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points. 📉 For long positions, critical levels are 0.1421 and 0.1081. 📊 RSI Oscillator The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Elliott Wave DemonstrationDemonstration of Elliott Wave Principles using Bitcoin chart: Rules: Wave 2 never goes below end of Wave 1 => checked Wave 3 is not the shortest of Wave 1, 3 and 5 => checked Wave 4 never goes below end of Wave 1 => checked Guidelines: Guideline of Alternation: Wave 2 and 4 alternates in form (sharp vs sideways), retracement (shallow vs deep) and duration (long vs short) => checked Guideline of Wave Equality: Two out of three waves (1,3 and 5) tend to be equal in length and duration, Wave 1 and 5 meeting this guideline => checked Momentum is highest during end of wave 3, end of Wave 5 normally creates divergence with price => checked Volume during Wave 3 is normally the highest amongst Wave 1,3 and 5 Relations with Fib ratios: Wave 2 retraced Wave 1 by 78.6% (deep) Wave 3 was equal to 261.8% of Wave 1 (longest) Wave 4 retraced Wave 3 by 38.2% (shallow) Wave 5 was equal to 100% of Wave 1 (Guideline of Wave equality)
INDEX:BTCUSDEducation
by MalayKJ
Dogecoin On The Rise!! .. But For How High??Here I have Dogecoin on the Daily Chart! Starting with Technical Analysis: Since its visit at the High in Dec. 2023 (.0945 - .1020) Support Zone, Dogecoin has had quite the Bullish Run! Currently this rally is being halted @ .1363 as Price is testing not only the (.1280 - .1440) Resistance Zone but the Falling Resistance based off the Highs in March & May! If price is able to overcome these obstacles .. What lies in wait?? ..Previous Highs 1) Price will have to contend with the (.1700 - .1800) Resistance Zone 2) Price will have to contend with the (.1990 - .2200) Resistance Zone .. After that, well lets just focus on the here and now *Based on the bearish pressure Dogecoin is facing considering on the Daily, Price is hitting Resistance Bollinger Bands, we could see a drop to the down side to test the (.1280 - .1300) area this rally was able to Break IF the Falling Resistance is able to Hold Price Below it's current High @ .1363. *IF this drop is contained by the (.1280 - .1300) area and price is able to stay relatively above the 200 EMA, this could be good indication of Bulls in the area ready to push price higher! Now Fundamentals There's already been a lot of hype on the cryptocurrency for those who follow the fundamental side of trading with the ENOROMOUS transaction made with said currency: www.tradingview.com Along with the strong boost to cryptocurrency by the "Pro-crypto stance under Donald Trump's Leadership - should he win - will further fuel enthusiasm." www.tradingview.com *I currently hold 107 Dogecoins but could be looking to add very soon -Stay Tuned!
BINANCE:DOGEUSDLong
by Novi_Fibonacci
2
VERY BULLISH ON FTM. Do Not Miss!High Time Frame POC tapped, Weekly level tapped, previous daily high broken, RSI Oversold, Double bottom pattern, high volume node above (Target) 22% away. Chart looks bullish long term. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
StormX (STMX)On the above 4-day chart price action has corrected over 90% since the sell signal(not shown). Today is great long opportunity. Why? 1) You know why. 2) RSI and price action resistance breakout. 3) Strong bullish divergence. Multiple oscillators print positive divergence with price action over an extended period. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Now, don’t sit on your hands. Return: Will say elsewhere
Long
by without_worries
15