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Resistance above the next challenger for GOLDGold broke out of a recent uptrend to form a correction through positive US data and peace strategies in Gaza. Price now finds itself hovering around 1990 with a level of resistance above in the region of 1991-1993. Price on the 4hour has also pushed lower to push off the 50/55 moving averages, prompting a possible double top on the cards. BULLS PLAN: - Push through this key level of resistance above and kick off a role reversal (change of character) to test highs int he 2010 region - Watch for entries when this level is broken as currently price is too high currently to enter longs ad price moves into resistance. HIGH RISK BEARS PLAN: - Wait for price to reach the resistance level above around 1991-1993 and look for rejection candles - Lower time frame charts (1m/5m/15m) for price action entry (double tops/lower lows) - Targets medium to long term will be 1950 region
OANDA:XAUUSD
by Youza
Coin Watch: Bitcoin (BTC)Hi guys, I've been thinking of how to make useful ideas, and here's what I came up with. I will be watching useful coins in the top 100, starting with a high timeframe analysis and then continuing on the intraday regularly. Let's start with Bitcoin, the most popular digital currency, which offers to be your own bank, with a limited supply of 21 millions. On the weekly chart from above, we clearly are bullish. From the bottom of 15 500$, price is making higher lows and also higher highs, although the pace in new highs is weakening. The daily chart on the right shows consolidation areas with breaks and currently in an uptrend shown by an ascending channel. It's good to note that the RSI is also rising its support which is a sign of an uptrend. Now onto the 4 hours: On monday, a fake news about the Bitcoin ETF went viral on social media, creating a pump in price in just a few hours before correcting once things got cleared out. To me this is the proof that people have been waiting for the news to buy and that it is not priced in yet. Also noting that the open interest is only half way up despise that huge move. We can expect further action in the near future. Stay tuned!
BITSTAMP:BTCUSDLong
by cyatophilum
8
Total index analysis Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of getting back to the uptrend or that is just a technical pull back and we have to get ready for a massive dump and a long bear market for crypto market . im bearish until i see areal good sign here. the first target for the market total is retesting 2017 high. comment your opinions down below:)
CRYPTOCAP:TOTAL
by sobhanjtn
TELLOR $TRB going to pop?TELLOR has been quiet for a couple of weeks after the massive pump it experienced. It has retraced down to $41 and been in a redistribution phase since and has levelled out somewhat. The structure still has bullish momentum being above the aug '22 high around $46, which was resistance. If it continues to hold this level and flips it into support, a further push can be expected. The heavy sell liquidity zone is between $64 and $80 (nov '21 high), therefore the market will likely push TRB up to either make a double top or a new high, potentially followed by a massive crash towards the lower sup zone around $30. If price manages to reach $80 and break above it'll be either wicked up and sold off hard, although that will likely happen before overcoming $80, so say it does get above the main resistance zone, then a parabolic move towards ATH at $165 is not far fetched, which would likely result in an aggressive 60-70% dump back to the new found support around $46. It may sound improbable but TRB only has a $125M marketcap making it prone to insane, almost irrational, value increases. The bearish outlook would be confirmed by break of bullish structure and price breaking below $41, this would send TRB into heavy demand zone around $24-$33. Potentially making a bottom there and/or moving sideways. I do not think a visit of $12-$13 is likely, at least in the short term. Marketcap would sink back to FWB:25M -30M, which is less than average daily volume traded in past 60 days. Considering all in all, TRB is going to provide ample opportunities in the short and medium term! Let's get it ;) Most important level to break for bulls: $56 Most important level to break for bears: $41 - $43 TP bulls: $64 -> $80 -> $164 ((extended(ATH) TP bears: $33 -> $24 -> 12.9 BINANCE:TRBUSDT BYBIT:TRBUSDT.P MEXC:TRBUSDT.P BINANCE:TRBUSDT.P OKX:TRBUSDT
by OpOsjaan
Gold xauusd intraday signal 11-10-23R3 LRS 1878 Supply Area - R2 MRS 1863 - R1 HRS 1848 SNR S1 HRB 1848 SNR - S2 MRB 1843 Demand Area - S3 LRB 1833 Demand Area D1 On Resistance Sma44 – MACRO FIBO MN38.2% /1903 W1 On Support Sma200 / 1814 MN On Support Sma44 / 1827 MN On Support MACRO FIBO MN 50.0% / 1848 SELL> 1963 - 1878 BUY> 1843 - 1833 OBSERVATIONS: We just entered the upper block 1853-1903. The virtual resistance at 1863 did its work to profit us. Secondly, Look how Sma44 intercepted the price and took it to our tp level. There is no change in plan, we wait for the price to test either of SMC supply or demand area. However if again Sma44 intercepted the price within Fibo levels and any other indicator signals a buy then we may enter at that support area. Remember, our working for Intraday is just to pick 50pips for instance and then take our chance on second lot for some more pips. There is no need to show positions in larger time frames today as they have remained same. There is also a high impact 3Star news today that can take the price to our targeted area. So we are not in hurry and we wait with discipline and patience to get our pennies.
TVC:GOLD
by wajidalikhan2123
BTC -Long from Area of ValueBTC/USD * Technicals: on a Daily resistance and the 4hr TF, we can spot an area of value as it is shown in the graphic which is the exact area that in the current market conditions managed to resist and push the price higher. With conservative SL just below the AOV and a realistic target to Take Profit(TP1), we have a 1:11 RR ratio. * Fundamentals: Bitcoin and other assets that don’t generate cash flows, such as gold and silver, cannot be valued based on future cash flows. Therefore, fundamental analysis for Bitcoin is aimed strictly at determining where the price of the asset is headed. There are countless methods for determining this number, but most of them hinge directly on the supply and demand of the currency. The total supply of BTC is limited and pre-defined in the Bitcoin protocol at 21 million and 19,023,018 are already being minted which means only 1,976,981 Bitcoins Left to Be Mined, while at the same time 40% of US dollars in existence were printed in the last 12 months and the inflation and interest rates just keep hiking.
Long
by Elite_Forex