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ETH-USDT 1D Interval ReviewHello everyone, I invite you to a quick review of the ETH pair to USDT chart, taking into account the interval of one day. As we can see, the price is moving along a locally formed upward trend line. Currently, we can see how the price approached the resistance level at $2,843, then resistance at $3,010, then resistance at $3,251, and then very strong resistance at $3,569. Looking the other way, support is visible at $2,550, the next support is at $2,383 and then there is support at $2,112.
COINBASE:ETHUSD
by cryptodailyuk
DJI - Key Resistance Zone 4 HourDJI has entered a key resistance zone of the 4 HOUR time frame. There are 3 likely scenarios. A,B,C on the chart. We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume. The third move that could be made is ACCUMULATION / RANGING. Where there is little to no volume with no definitive move, we will NOT ENTER if this is the case.
TVC:DJI
by I3ig_Trades
How Spotting Liquidity Can Help Your Trading StrategyUnderstanding where liquidity exists in the market can help enhance your trading success in a few ways: 1. It can help you understand where potential blocks of liquidation could occur. The market is often attracted to these block and will liquidate there. 2. It can help you confirm patterns that exist on you charts 3. It can help you spot new patterns which you may not have spotted previously. Let's take a quick look at the "Liquidity Swings" indicator by LuxAlgo in this video.
INDEX:BTCUSDEducation
by stewdamus
Ichimoku Watch: Salesforce Poised to Breakout Higher?Upcoming Earnings Salesforce, Inc. (ticker: CRM) is scheduled to report earnings after the market closes on 28 August. The consensus earnings per share (EPS) estimate for the fiscal quarter ending July 2024 is $1.73. The reported EPS for the same quarter a year prior was $1.63. Vulnerable Resistance? Resistance is currently being tested at US$263.42 but shows signs of giving way. While a head-and-shoulders top pattern was recently completed at the underside of the aforementioned resistance (this is more visible on the H1 chart), which could see short-term shorts enter the market and aim at the pattern’s profit objective of around US$253.63, sellers have been unwilling to demonstrate much commitment at resistance in recent trading. Ichimoku Support You can see price action closed above the Ichimoku Indicator’s Conversion Line (blue at US$260.27) as well as the Base Line (red at US$260.19), and the Ichimoku Cloud is seen nearby. This comprises the Leading Span B (light orange at US$251.40) and the Leading Span A (light green at US$260.33). As a result, the stock has sufficient support to withstand selling. Should a breakout to the upside occur, this could trigger breakout buy-stops and power a move towards the next layer of resistance coming in at US$279.28. Price Direction Although sellers may enter the market from current resistance, the nearby Ichimoku support and the lack of bearishness could eventually stir up a bullish move to target fresh resistance at US$279.28.
NYSE:CRMLong
by FPMarkets
LTC-USDT 4hI invite you to a quick review of LTC in pair with USDT, taking into account the four-hour interval. Visible, we can determine the local upward trend line above which the price remains. Just below the price there is support at the level of $60, then the second support is around $56 and then there is a strong support level at the price of $50. Looking the other way, similarly, after unfolding the fib retracement grid, you can see resistance at the price of $66, then the second resistance at $71, and then a strong resistance at $77.
by cryptodailyuk
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals: Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices. Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold. Gold Market Technicals: On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases. Trading Strategy: Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed. Support Range: 2500-2488, 2460-2475 Resistance Range: 2520, 2531 Intraday Risk Data: U.S. Initial Jobless Claims U.S. August PMI Data U.S. July Existing Home Sales Focus on Powell's speech tomorrow
OANDA:XAUUSDLong
by AntonyTP
MATICUSDT - The Perfect Breakout MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move. WE DO NOT ENTER RANGES UNTIL BREAKOUT. Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then the magic happened, it finally had it's breakout. Notice how the candles on the breakout were huge VOLUME CANDLES, that is exactly what we are looking for to enter trades. This is a fantastic trade to learn from, take your time, the trade will come!
M
by I3ig_Trades