Signalsprovider
Lingrid | GOLD in a phase of CONSOLIDATIONThe price perfectly fulfilled my previous idea. It hit TP. The market has formed lower high, suggesting that it may remain in a consolidation phase for some time. After bouncing off the resistance at 2670, there is a possibility that it might retest the support zone.I expect a bullish move if the price breaks above the downward channel, which is a correction against the major trend. A solid break above that channel will be a confirmation for a continuation of the upward trend. My target is resistance zone at 2663.90
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Lingrid | EURUSD Upward Channel BREAKOUT. ShortFX:EURUSD has tanked following news of escalating tensions in the Middle East, leading to a surge in the TVC:DXY that has pushed down all other currency pairs. The market created a double top at the resistance level and failed to close above it. Currently, it is moving toward the bottom of the range zone. If you zoom out, you'll see that the price action has been oscillating between 1.10200 and 1.12000. I anticipate that the market will experience a pullback before continuing its downward movement. My target is support level 1.10300
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Lingrid | TRXUSDT gaining Momentum in the Market. Potential LongSince the launch of the platform for meme coins, the Tron network has gained significant attention in the crypto space. The price action of BINANCE:TRXUSDT looks promising, by a smooth structure of higher highs and higher closes. Recently, the market made a pullback from the resistance zone and is currently testing the support level at 0.1525, which has been respected twice before. I expect the market to bounce back from this support level and the upward trendline, especially as we are observing some rejection candles forming. My target is resisatance zone at 0.1575
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PROSUSDT (Prosper) Updated till 02-10-24PROSUSDT (Prosper) Daily timeframe range. if we zoomout the chart we can see price action got lots of space to move. its trying get out of 0.4003 which will be more optimal. it will be helpful if it get some more volume here to secure the level. local support at 0.2728.
Lingrid | GOLD Weekly PRICE Action ANALYSISOANDA:XAUUSD market rallied this week following the FED's 50 basis point interest rate cut. While there is a potential for buy-the-dip strategies to attract bulls, the current price levels might be in overbought territory, making it challenging to expect the price at higher levels. This situation could lead to a sideways movement in the market.
If the price does drop toward the 2600-2620 zone, it may entice bulls to enter the market, considering it a more favorable buying opportunity. The close of the September candle will be critical, as it could signal the future price direction. If September closes with a long-tailed bar, this could indicate a potential pullback toward the psychological support level at 2600 or the 50% retracement of the monthly range.
Next week, the market will also be influenced by high-impact economic news, including the Non-Farm Payrolls (NFP) and the Unemployment Rate, which could significantly affect price direction. Keep an eye on these upcoming news.
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Lingrid | GBPUSD in the CONSOLIDATION zone. LongThe price perfectly fulfilled my previous idea. It reached the target. The price action indicates that the FX:GBPUSD is currently in a consolidation zone after reaching the resistance area. Overall, the market is in a bullish trend on the daily timeframe, which suggests that there is still underlying demand pushing prices higher. However, the recent break of the upward trendline indicates a pause in the bullish momentum. This break may suggest that the market could be in the temporary slowdown before deciding its next move. Given that the price is now in a range, it’s likely that the market may stay within this range for some time before continuing the bullish trend. My target is resistance zone at 1.33960
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SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in.
On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market.
The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
Lingrid | SOLUSDT consolidation Ahead of POTENTIAL BreakoutThe price perfectly fulfilled my previous idea. It reached the target zone. BINANCE:SOLUSDT has tested the psychological level at 160, where it formed a double top pattern before pulling back. This indicates a potential reversal or consolidation after hitting a significant level. Prior to this price movement, the market broke and closed above the another strong level at 150, which is a bullish sign and suggests that buyers are showing interest. On the daily timeframe, the market is testing a previous resistance zone, where price has previously encountered selling pressure and pulled back on two occasions. Analyzing the weekly timeframe, it is noteworthy that the last two candles were strong and showed momentum, reinforcing the bullish sentiment in the market. I expect the market to consolidate just below the resistance level at 160 before a breakout. My target is resistance zone at 165
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Lingrid | GBPAUD potential DROP from the RESISTANCEThe price perfectly fulfilled my previous idea. It reached the target zone. FX:GBPAUD has been respecting the upward trendline for over a month now. Recently, it appears to be on the verge of breaking through, which could lead to a significant sell-off. On the daily timeframe, the price action looks quite bearish. Notably, the price has formed a consolidation zone just above the trendline, indicating preparation for a potential breakout. I expect the market to drop from this resistance zone toward lower levels. My target is support level at 1.93080
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Lingrid | EURUSD trend Continuation PATTERN formedFX:EURUSD is currently consolidating just below the resistance zone at 1.12000, forming an ascending triangle pattern. This is typically considered a trend continuation pattern, indicating a bullish sentiment. The price has bounced off the resistance level twice, and a third test could lead to breakout. A doji candle on the weekly timeframe suggests indecision and a breakout above the previous week's high or a drop below the low could propel the price, potentially initiating a new trend. Given the current market dynamics, it seems plausible to expect a false breakout below Friday's low, which could then lead to new highs. My target is resistance zone around 1.12400
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Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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Lingrid | BITCOIN new Catalyst Drives the PRICE HigherThe recent BINANCE:BTCUSDT increase following CZ's release from jail has the potential to act as a catalyst for a bullish move. The current market structure indicates the formation of higher highs and higher closes, signaling a positive momentum. The price bounced off the support level at 53,000 and has surged up to the current resistance levels. Additionally, the daily chart shows that the price broke and closed above the previous resistance level, which suggests a potential shift in trend. This breakout could signify a new bullish phase for the market. Looking ahead, a pullback is likely, and if the price rejects the support level and upward trendline I expect further upward movement.
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FULL AUDUSD ANALYSISHello my wonderful community !
I’m back again
I really appreciate you guys for reviewing my charts
Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here.
The colors for each line/zone
Monthly - Yellow
Weekly - Orange
Daily - Green
4H - Red
1H - Purple
My Monthly chart view:
Ever since 2021, price has been in a downtrend by making Lower highs and Lower lows.
Price breaks a major Support area and turns it to a dynamic resisitance area and respects the EMA 50.
Take note as price is in a range and respecting the newly formed monthly resistance line (0.7050) and support line (0.6300).
My Weekly chart view:
Going into the weekly TimeFrame, it is truly clear that bears has been in full control of price from 2022 until 2023 displaying a down trend.
Price is currently not making lower lows and has been ranging from the beginning of 2023 till recent
Last week price made a new higher high.
Going down further to get clarity
My Daily chart view:
Price is in an uptrend after breaking the daily resistance in green (0.68700), Waiting on a retest or more volume from the bulls to see price start heading for the Monthly resistance line in yellow.
Until then I will go down to smaller timeframes to see market setups
My 4H chart view:
As we move into the smaller timeframe of the 4H period, the market seems to be clearer
So I’ll go further and look for buy Setups as bulls seems to be coming in strong with rising momentum after the break of the daily resistance line in green(0.68700)
To play safe for me to feel comfortable in capturing a buy setup , I’m waiting for a few confluence to put the odds in my favor , probably wait till the end of the first week of October
My 1H chart view:
On the hourly and anything below this timeframe , I can choose to capitalize by scalping and looking for buy entries that is validated by my own trading style
Fibonacci tool will be good once I can see a formation of the last trend line, I’m patiently waiting for the market to reveal itself.
I will be back to review this trade and see how things go
Avoid entry of any trade during any major news that will affect price and this is not financial advise
-> NEWSCHOOLTRADER
MU Micron Technology Options Ahead of EarningsIf you haven`t bought MU before the breakout:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CALM Cal-Maine Foods Options Ahead of EarningsIf you haven`t bought CAL before the previous earnings:
Now analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2025-5-16,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ORNUSDT (OrionProtocol) Updated till 29-09-24ORNUSDT (OrionProtocol) Daily timeframe range. finally its moving from its local low. not much of hold up till 1.813 if volume stays it can reach there. even if volume drops it needs to stay above 1.324 to see a push.
Lingrid | AUDJPY fake BREAKOUT of the 100.00 levelFX:AUDJPY formed a fake breakout of the psychological level at 100.00, reaching that level before failing and rejecting the resistance zone with the formation of a big bearish candle. Overall, the market has been oscillating between the 93.00 and 100.00 levels. Since the market has now bounced off the top of this range and has broken and closed below the upward trendline, it appears that we may see a sharp decline, potentially retesting the bottom of the range. My target is support level at 96.200
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Lingrid | GOLD short-term RETRACEMENT from RESISTANCE zoneOANDA:XAUUSD has reached the 2670 level, but overall it appears to have lost bullish momentum as it spent a day in a range zone. Given the creation of a bearish divergence, I believe the market may pull back from this resistance. If upcoming news doesn't provide a catalyst for upward movement, I expect the market to move below the previous day's low. We don't yet know what the outcome of the economic data release will be. However, there is a higher chance of significant fluctuations in the market today. My target is support level at 2645.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻