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Technical Analysis

Bitcoin's Bearish Outlook: Targeting the $91,000 Support ZoneBitcoin is approaching the important resistance area ($ 98,000 - $ 99,000) in its increasing channel, but weakness shows the possibility of being rejected. If BTC does not pass this level convincingly, a fake breakthrough may occur, triggering a sharp decline. The next goals are the $ 92,859, $ 90.754 support area, in accordance with the lower boundaries of the channel and the main bridge area. This area is expected to attract significant buying interest, making it an important level to be monitored.
Short
by tradingsmithaltcoin
2
XAUUSDGold prices were under pressure yesterday as the PMI news was released, which was good for the dollar and Treasury yields rose. However, gold prices were supported by the forecast of a December Fed rate cut and geopolitical tensions in Syria and Russia-Ukraine, creating a push into safe havens. Gold prices are currently moving sideways in a large range between 2633 - 2666, the nearest resistance is still at 2660 - 2665, and there is no clear trend for gold at the moment. If this Sideway zone is broken, Gold may find the nearest resistance at 2683-2688. Consider using the support at 2620 - 2625 to catch up with the uptrend of Gold. ‼️XAUUSD BUYZONE 2624 - 2626 SL 2621 TP 2628 - 2630 - open ‼️XAUUSD SELLZONE 2661 - 2663 SL 2666 TP 2659 - 2655 - 2650
OANDA:XAUUSDShort
by Jack5cu
1
Gold → The correction is gaining momentum. The next target is 24Hello, dear traders, Ben here! Gold faced significant supply on Monday and broke a four-day winning streak, indicating that gold prices are ready to reach lower levels, such as down to 2547-2470. What has happened and what will happen? Demand for the dollar has increased at the expense of gold. At the same time, the U.S. Personal Consumption Expenditures (PCE) index for November still rose 2.8% year-over-year, higher than the forecast and the Federal Reserve's (FED) target of 2%. These factors could make the FED more cautious in continuing to cut interest rates in the short term. In the medium term, the focus is on the non-farm payroll report; if the data shows a robust labor market, the Federal Reserve (Fed) is more likely not to cut interest rates. That will boost the USD and could negatively impact gold. On the H4 chart, gold is in a local downtrend channel and below the psychological resistance level of 2643. If the bears keep the 2633-2643 region under control, gold may continue to weaken towards the 2547 - 2470 level. Technically, after a week of low liquidity due to the holidays, this metal may enter a consolidation phase, for example, in the 2643 - 2623 area, but it is still noteworthy to pay attention to the resistance and support levels from which strong moves can form...
OANDA:XAUUSDShort
by Bentradegold
TradeCityPro | SEI : Bullish Momentum with Key Resistance👋 Welcome to TradeCityPro! In this analysis, we’ll evaluate the performance of SEI, a blockchain designed for decentralized futures trading. For a deeper understanding of the project, you can review its whitepaper. ⏳ Daily Timeframe: High Buying Volume and Uptrend The daily chart shows a bullish trend supported by a trendline that has been tested three times. Currently, the price is well above this trendline. As long as the price remains above it, the overall trend will stay bullish. 📈 A breakout above $0.6944 could push the price to the next target of $0.9733. Beyond this resistance, SEI may aim for new All-Time Highs (ATH). 🔑 RSI entering the Overbought Zone (above 70) could trigger a sharp upward move. 🔽 In a bearish scenario, the price could correct to $0.5284 initially. A deeper correction might bring it down to the trendline and the $0.4006 support level. 📊 Currently, buying volume exceeds selling pressure, indicating that a correction is unlikely unless significant selling pressure enters the market. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, we’ll focus on identifying potential futures trading triggers: 🔼 For long positions, a breakout above the $0.6944 resistance, especially with increasing buying volume, would be ideal. If RSI also breaks the 50 level, the likelihood of overcoming this resistance increases. 📉 For short positions, a break below the $0.596 level could act as a trigger. However, personally, I avoid shorting as long as the price remains above the daily trendline. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
3
TradeCityPro | APTUSDT Bullish Correction & Continuation👋 Welcome to the TradeCityPro channel! Let's start the week by analyzing APTUSDT, one of the altcoins with a promising setup. 📊 Bitcoin Overview At the New York market open, Bitcoin has printed a few green candles , Meanwhile, BTC dominance (BTC.D) has been declining, breathing new life into altcoins. As long as BTC.D continues to drop, altcoins will likely remain active and bullish. 🕒 Weekly Timeframe APTUSDT has been trading in a long-term range box for nearly 700 days, fluctuating within it since its listing. Unlike many other altcoins, APTUSDT has never dropped to its final support at $3.45, instead finding consistent support at $5.50–$5.77, giving it an edge over its peers. Currently, there's no weekly trigger for buying , bounce of the RSI from 70 could signal the continuation of its upward momentum. 🚀 Daily Timeframe APTUSDT has rallied beautifully from $5.67 support, reaching resistance at $13.66, where it was rejected. After consolidating for a few days, it is now moving back toward that resistance. The chart shows a parabolic uptrend, with higher highs and higher lows forming consistently , Each time the price touches this parabolic trendline, it bounces upward, suggesting this structure might persist. break of the parabola would likely signal a short-term correction, not necessarily a bearish market reversal. For a buy, wait for a breakout above $13.66 with increased volume and RSI entering overbought territory. & Suggested stop-loss Risky: $10.50 - Safer: $7.51 If the market corrects, look for a bounce at $10.50 support with a confirming bullish candle for a mid-term hold. ⏳ 4H Timeframe APTUSDT has been ranging between $11.22 and $13.78 for a few days, making the triggers clear for trading. 📈 Long Position Trigger breakout above $13.78 would provide a strong trigger for a long position. You can even set a stop-buy order before the breakout. 📉 Short Position Trigger Avoid shorting as the overall market setup remains bullish. Instead, focus on other opportunities like DeFi or researching promising projects :)) 💡 BTC Pair Insight Against Bitcoin, APTUSDT shares a similar setup to other altcoins, consolidating in its range. breakout above 0.0001624 BTC could signal fresh inflows into APTUSDT and spark a bullish movement. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6
Gold --> Interest in this metal is growingOANDA:XAUUSD On the basis of support from the dollar correction and the local maximum update. The liquidity is decreasing and Friday in the US also plays an important role in the market... On H1, gold holds within the boundaries of a local bullish channel on the basis of a weak dollar, mainly due to the inflation regime... In addition, the dovish sentiment from the Fed regarding interest rate policies continues to support gold prices, however, this is not a topic of interest at the moment. On the other hand, buyers' attention is shifting to the policies of the new US administration, which may impact the economies, causing central banks to increase their gold reserves. This may spur a sharp increase in central banks' gold trading. So, since we have a bullish run, an ascending channel and strong fundamentals, in this case, it is reasonable to consider buying only, which can only be done from around the support area (FVG) and a breakout of the resistance level. The expected gold price increase is 2678 and 2694 is getting closer :)
OANDA:XAUUSDLong
by Bentradegold
Tradingdaq | GOLD Market Daily Technical AnalysisThe gold market OANDA:XAUUSD has been oscillating between 2,700 and 2,620, and the support price of the 2,620 area has been retested again. The fluctuating trend of gold in this pilot region can be attributed to the robust performance of XRP, which recently built on correlation as a digital gold in the altcoin market. If the Gold price increases and a bullish candle again closes above 2,620, my first target will be 2,646. On the other hand, If the price decreases and a bearish candle closes below 2,610 and keeps below 2,595, I strongly recommend watching it and waiting for a new analysis for the changing price range.
OANDA:XAUUSDLong
by iamtradingdon
Nightly $SPX / $SPY Predictions for 12.2.2024🔮 📅Mon Dec 2 ⏰10:00am ISM Manufacturing PMI 📅Tue Dec 3 ⏰10:00am JOLTS Job Openings 📅Wed Dec 4 ⏰8:15am ADP Non-Farm Employment Change ⏰10:00am ISM Services PMI ⏰10:30am Crude Oil Inventories ⏰1:45pm Fed Chair Powell Speaks 📅Thu Dec 5 All Day OPEC-JMMC Meetings ⏰8:30am Unemployment Claims 📅Fri Dec 6 ⏰8:30am Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate #trading #stock #stockmarket #today #daytrading #swingtrading #charting ⏰
SP:SPXLong
by PogChan
TradeCityPro | ALTUSDT Analysis Good Spot Buying Opportunity?👋 Welcome to the TradeCityPro channel! Let’s dive into analyzing one of the newer altcoins in the market, ALTUSDT, which might offer a solid spot entry opportunity tonight. 🌱 Bitcoin Overview As always, we begin by checking Bitcoin's performance , Bitcoin hasn't moved much compared to yesterday. However, Bitcoin dominance is declining, which has allowed altcoins to gain momentum , If Bitcoin remains range-bound and its dominance continues dropping, altcoins might sustain their upward trend. 🕒 Weekly Timeframe ALTUSDT has recently been listed and has dropped approximately 88% since listing, following the typical behavior of newly listed coins. After this decline, it has been consolidating within a range box for about 120 days. Now, the coin is testing the resistance at $0.16293, and it appears to be breaking out. Risky Stop-Loss: Place it just below the shadow of the current candle, considering the buyers' strength. Secure Stop-Loss: Place it at the bottom of the range near $0.0732 and hold for targets. 🔑 Daily Timeframe trigger at $0.13342 allowed for a buy earlier. If you missed that entry, you can buy after a breakout of $0.16293, using a stop-loss at $0.10133. RSI Entry Trigger The key RSI level to watch for entry is 82.57, signaling strong upward momentum. No need to analyze lower timeframes extensively because the limited data on this coin makes trading it challenging , For futures trades, there are already sufficient setups in the channel. 💡 BTC Pair Insight Relative to Bitcoin, ALTUSDT has been in a downtrend, forming a range due to significant trend weakness , breakout from this range could initiate an uptrend relative to Bitcoin. If I purchase the coin and its BTC pair shows bullish movement, I’ll continue holding. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
6