Lingrid | GOLD potential LONG from SUPPORT zoneThe price perfectly fulfills my last weekly forecast. The market's rally has indeed reached its target, but I'm now cautiously watching for a potential pullback. With the OANDA:XAUUSD already extending upside, it's not uncommon to see a retracement. The daily chart is showing a significant bearish divergence, which further suggests that we may see a reversal. If the market drops back to the support level and closes below 2430, it would be a failed breakout. However, given the strong bullish momentum, I think the market will seek liquidity near the support area between 2400 and 2430. I expect the price will bounce off the support level and then retrace along an upward trendline, ultimately leading to a bullish move. My goal is the resistance zone at 2465.
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Lingrid | BITCOIN building LIQUIDITY for the ATH retestThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT market is currently consolidating after a rebound from the support level. This pattern is not uncommon, as the market often forms a range zone after a significant impulse move. I believe the market will first break out of the range zone, but not upwards, rather downwards, to gather liquidity and build momentum for a potential upward move. In this scenario, the market shows classic price action, where it trades sideways, building liquidity above and below the current range. As the consolidation deepens, I expect the market to roll back to support the level, before retesting the higher levels and potentially reaching all-time highs. My target is resistance zone at 69630.50
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Lingrid | GBPCAD trend CONTINUATION opportunity. LONGThe price perfectly fulfills my last idea. It has tanked and reached the target zone, and now the market is ranging after the new upward extension. FX:GBPCAD has broken through the resistance and is moving sideways just below the significant round number of 1.73000. I expect a classic breakout retest continuation scenario to play out. On the daily timeframe, the market is making higher highs and higher lows, indicating strong buy pressure. As the price continues to retest the round number above, I believe it's only a matter of time before we see a strong breakout to the upside. My goal is the resistance zone at 1.73650.
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FARMUSDT(Harvest Finance) Daily tf Range Updated till 20-05-24FARMUSDT(Harvest Finance) Daily timeframe range. its been stuck for a while between 62.01-90.71. staying above 62.01 will ultimately lead it to 90.71. volume is decent here would require a little more for a actual push. also depends on how cash flows into mcap.
Lingrid | GOLD Weekly TECHNICAL Analysis. Ready to SOAR to 2500?OANDA:XAUUSD surged, moving towards its next key resistance zone at the 2400 level, where it closed above it. This is a significant bullish sign, as it marks the first time in history that the market has closed above this level on the daily timeframe. The market has also formed an inverse head and shoulder pattern, which has played out nicely. According to this pattern, we can calculate a target by measuring the distance from the low point of the head to the neckline. This distance is approximately how far the price is likely to move after breaking through the neckline. As we can see, the neckline has already been broken, and the target is around the next key resistance level at 2450.
In an ideal scenario, I would expect the market to pull back to the broken level, followed by a continuation of the upward trend. If the market rolls back to the support level or previous higher high and then bounces off it, we can look for confirmation of a buying opportunity. We have two potential buying areas at 2400 and 2370. It's crucial to pay attention to the 2430 resistance level, which triggered a massive sell-off. If the market fails to close above this barrier, we may see a retest that could potentially turn into a double top and lead to a bearish move. However, current market conditions are more favorable for rising gold prices due to several factors. Firstly, the current geopolitical situation is favorable for gold. Secondly, the US is printing money, but also has significant budget borrowings, which could lead to higher gold prices. Finally, central banks around the world are actively buying gold, which is a positive sign for the metal's future.
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ENTRY SIGNAL: BUY EURJPY Conditions:
1. Break and closure above current 30 mins high (169.227)
2. Price remains inside 169.291-169.064 range (fakeout to the bearish side would be a deal sweetener)
ENTRY above 169.227
SL 168.975
TP 170.495
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
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Lingrid | LINKUSDT moved out of the CONSOLIDATION zoneThe price perfectly fulfilled my previous idea. BINANCE:LINKUSDT has broken through the downward channel, clearing the key level at 15.00. As I examine the current market dynamics, I think it's likely that the price has formed a double top pattern on the 1H timeframe. This suggests that there's a possibility that the market may retest the support level. Additionally, on the daily timeframe, the market has escaped the consolidation zone and closed above it. Going forward, I expect a potential rollback to the support level before resuming its upward trajectory by taking liquidity below the Friday low. My target is at the resistance level 17.50.
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SE Sea Limited Options Ahead of EarningsIf you haven`t bought SE before the previous earnings:
Then analyzing the options chain and the chart patterns of SE Sea Limited prior to the earnings report this week,
I would consider purchasing the 65usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TCOM Options Ahead of Earnings If you haven`t bought TCOM before the previous earnings:
Then analyzing the options chain and the chart patterns of TCOM prior to the earnings report this week,
I would consider purchasing the 55usd strike price in the money Calls with
an expiration date of 2024-9-20,
for a premium of approximately $6.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RSRUSDT(Reserve Rights) Daily tf Range Updated till 18-05-24RSRUSDT(Reserve Rights) Daily timeframe range. broke out of 0.007727 it was in that range level for a while. now only way for a valid confirm breakout is a healthy close. if it gets that 0.010066 is open to visit. local support is at 0.005593.
Alikze → LINA | Pullback is broken into the swingtime D1 and W1, after supporting in the green box area and breaking the swing and pullback, it is now ready to continue growing and has the ability to move to the specified areas. The most important resistance in the weekly time is the range of 0.012210, the breaking of which and its high stabilization will continue the upward trend until the area of the weekly supply zone.
🟩Sup:0.009155
⛳️Tp 1:0.012210
⛳️ Tp2 :0.012980 - 0.013730
⛳️ Tp3 :0.027460 - 0.030520
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Alikze »» AVAX | Ready to break the necklineIn time 2W, after a complete upward cycle up to $147, it made a complex double structural correction, which corrected more than 50% of the previous wave. Currently, it is located in the important resistance area and the neck line, with its failure, it will have the ability to reach the ceiling before and after that, the first target of $515. Therefore, we can wait for the failure of the important area to continue the upward path of this currency, which, according to the momentum, will have the ability to break the specified range.
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Lingrid | EURUSD testing APRIL HighsThe price perfectly fulfilled my last idea. The market took off and hit the target. FX:EURUSD has broken through the previous day's high, moving higher as it tests the strong resistance level of 1.09000. This is the same zone where the market tanked, setting up an April high. The price has now reached the upper border of the channel, making a 1-2-3 extension, and has formed a tweezer top reversal candlestick pattern. This pattern suggests a fake breakout of the weekly high, which is the April high. I'm expecting a short-term pullback from the channel border. My target is the support level around 1.08280
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Alikze »» KSM |Upward wave 5 scenarioAccording to the analysis of the previous post, both targets are touched with the support of $40. Again, after touching the bottom of the channel, there is a demand that will be able to break this supply area to the $59 range. But in the daily and weekly time, it is in the 5th rising wave, which will at least have the ability to reach the previous supply range or the previous major ceiling. After completing this cycle in the weekly time, if the $100 area is broken, its path will be paved to the $250 area to continue climbing.
🟩Sup:50
⛳️Tp 1:59
⛳️ Tp2 : 64
⛳️ Tp3 :81- 87
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Lingrid | BITCOIN breaking through the Descending CHANNELThe price perfectly fulfilled my last idea. It reached the target zone. On the 1H timeframe BINANCE:BTCUSDT saw a significant breakout as the price surged through the downward channel, ultimately closing above the strong resistance level at 65000. It appears that the bulls' momentum may be slowing down, as yesterday's upward move was substantial. The next potential barrier could be at 67000 or above. I expect a potential pullback before the market continues its upward trajectory. On the weekly timeframe, the price has broken through its previous two-week highs. Meanwhile, the daily chart reveals a large bullish candle, which has created a buying area between 63000 and 65000. I expect the price to move up to 69000. My target is the resistance zone at 67900.
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Lingrid | SHIBUSDT more BULLISH Moves are IncomingThe price perfectly fulfilled my previous idea. BINANCE:SHIBUSDT went up and hit the target level. The market surged upwards, breaking through the range zone and closing above it. This move has resulted in a series of updated higher lows, with the highs becoming increasingly similar, indicating a growing buying pressure. As the price continues to move upward, it's heading towards the resistance zone that originated from the swap level. I'm anticipating a potential retest of the key zone around 0.000030, as well as the upper border of the channel and trendline. My target is the resistance at 0.000027.
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Lingrid | AUDJPY pullback to SUPPORT and trend CONTINUATIONThe price perfectly fulfills my last idea. It hit the target zone. The market has surged, closing above the previous lower high, and is now testing the key resistance level at 104.00. The recent pullback has took liquidity beneath the crucial support level of 103.00, ultimately leading to a new upward extension. On the daily timeframe, the bullish trend is evident, and any pullback would be an excellent opportunity to enter a long position. I expect a retracement to support the level, followed by a bullish extension towards the channel's upper border. My goal is the resistance at 104.490
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LOOMUSDT(Loom Network) Daily tf Range Updated till 17-05-24LOOMUSDT(Loom Network) Daily timeframe range. depend on todays daily close if its a clean break through 0.09442. if it can stay above 0.09442 it will lead till 0.11446, . local support is at 0.07394.
Alikze → ETC | Completing wave B correctiveIn time D1, with an ascent in the form of three waves, it is out of density with several spike candles. According to the type of behavior and structure, if the current correction moves in the form of three waves, two scenarios can be considered for it.
The first scenario: the upward corrective movement will continue to the $28 area and then to the $25 area as a higher correction and will not touch the previous floor, which, if supported, will have the ability to grow to the specified area of the supply zone.
Second scenario: the correction to $28 continues and then the C wave correction should break the $25 area and at least the bottom of the spike candle will continue.
🟩Sup:25$
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Lingrid | SOLUSDT range BREAKOUTRecently, BINANCE:SOLUSDT broke out of its range zone and surpassed the 155 level, indicating a significant bullish signal. This breakout is even more impressive given that it has been consolidating within a narrow range for the past month. The market's ability to break through its previous week's high suggests a potential upward momentum. Yesterday's close was particularly strong, with a large bullish bar forming, indicating a buying pressure. If the market to pulls back to the broken level and rejects it, we can expect the current trend to continue. My target is the resistance zone at 175.
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