Bearish drop?EUR/USD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.04543
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.0534
Why we like it:
There is an overlap resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.0352
Why we like it:
There is a pullback support.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Trend Analysis
BTCUSDT Weekly ForcastHi Traders
Here is my BTCUSDT Weekly Analysis.
Today on 30 December 2024 BTC Running at 94K
Here is The key Levels
1st Resistance Zone 100K
2nd Resistance Zone 107K
It Might the Test the Support Idea Then Possible to Move in Buy Side expected to Bullish Movement. If the Price will Up From 100K Then Next Possible Resistance Zone 107k
Lets Like and Comments for more insights Thanks Traders
#BTC new structural evolution📊#BTC new structural evolution📉
🧠From a cyclical perspective, the 4h-level bullish structure is likely to fail, so seeking a trend reversal requires building a larger-level bullish structure.
➡️Given the existence of the bear flag, we expect further pullbacks, but we are currently on the edge of the bear flag and there is a risk of rebound, so it is best to wait for a rebound before considering shorting.
➡️I found a bullish signal in a smaller cycle, and now I have set up a risk-free, let's see if the market meets expectations.
🤜If you like my analysis, please like💖 and share💬
💕 Follow me so you don't miss out on any signals and analyze 💯
BITGET:BTCUSDT.P
AUD-USD Risky Long! Buy!
Hello,Traders!
AUD-USD is trading in a
A strong downtrend but
The pair will soon hit a
Horizontal support level
Of 0.6166 so despite
Our bearish bias we will
Be expecting a local
Bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
NZDJPY Bullish Stock and Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring NZDJPY for a buying opportunity around 88.500 zone, NZDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 88.500 support and resistance area.
Trade safe, Joe.
IWM at Critical Levels! Scalping, Swing, and Options InsightsScalping Analysis for IWM:
1. Support and Resistance Levels:
* Immediate support near $221 (put wall and HVL).
* Resistance at $226 (gamma resistance and call wall).
2. Key Indicators:
* 9 EMA & 21 EMA: Price is testing the EMAs on the hourly timeframe. A rejection here could lead to further downside, while a breakout suggests a bullish move.
* MACD: Currently neutral with a potential bullish crossover. Wait for confirmation.
3. Scalping Plan:
* Bearish Scenario:
* Entry: On rejection near $224-$226.
* Target: $221, $218.
* Stop Loss: Above $227.
* Bullish Scenario:
* Entry: Breakout above $226 with volume confirmation.
* Target: $227, $232.
* Stop Loss: Below $224.
Swing/Day Trading Analysis for IWM:
1. Trendlines:
* IWM is forming a consolidation zone. A breakout above $226 or breakdown below $221 will provide a clear directional move.
2. GEX Analysis:
* Strong resistance at $226-$227 (gamma resistance and call wall).
* Solid support at $221 (HVL) and $218 (put wall).
3. Trade Scenarios:
* Bullish Swing:
* Entry: Above $226 with strong volume or on a pullback to $221 with support confirmation.
* Target: $232, $236.
* Stop Loss: Below $224.
* Bearish Swing:
* Entry: Below $221 on breakdown confirmation.
* Target: $218, $215.
* Stop Loss: Above $223.
Options Play with GEX Insights:
1. High GEX Areas:
* Call Wall: $226, $227.
* Put Wall: $221, $218.
2. Suggested Options Strategy:
* Bullish Play:
* Buy Jan 5th $226 Call if IWM breaks above $226 with volume.
* Target: Move toward $227-$232.
* Risk: Below $224.
* Bearish Play:
* Buy Jan 5th $220 Put if IWM breaks below $221.
* Target: $218-$215.
* Risk: Above $223.
3. Options Oscillator Metrics:
* IVR (20.7%) suggests moderately priced premiums for options strategies.
* Low GEX (1.8%) implies limited gamma influence but still highlights significant zones at $226 (resistance) and $221 (support).
Insights:
* IWM is trading near a pivotal level at $221, with significant resistance overhead at $226. A clear breakout or breakdown from this range will define the next move.
* Volume Confirmation: Watch for a surge in volume near $221 or $226 to confirm directional bias.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
Btc is due a haircut. A large amount of traders on X or crypto shitter are pitching the idea of a life changing alt season. Many are posting nonsense like a face melting gains and we are all gonna be rich. This is pure buffoonery. Real traders see the signs and go against the herd. Bitcoin losing 93k signals a deep correction. One that would demolish alt coins in the process. Anything goes in this yet unregulated world of crypto. Play your hand accordingly and brace yourselves for the worst.
Gold: steady year-endPrevious Holiday week was relatively stable on financial markets, so the price of gold was moving within a relatively short range. The last reading week in a year is traditionally the calm one, so it could be expected that the price of gold will continue to move steadily till the end of this year. The price of gold started the week modestly below the $2,6K and modestly moved to the higher grounds, till the highest weekly level at $2.630.
The RSI continuously moved around the level of 45, without an indication that the market is ready to start its way toward the overbought market side. Moving averages of 50 and 200 days are modestly converging toward each other, however, there is still distance between two lines, in which sense, the potential cross is still not in store.
During 2024 the price of gold was mostly impacted by geopolitical uncertainties. Its negative correlation with the US Dollar was lost from time to time, impacted by increased investors demand for safe-haven assets. Whether this trend will continue also in 2025 is unclear at the moment, because it will depend on further course of geopolitical developments. Also, it should be considered that the highest demand for gold in 2024 came from China. As analysts noted, demand came not only from Central banks, but also from retail investors, mostly residents of China. Certainly, for centuries gold was treated as safe-haven assets, and this is something that will not change in 2025.
Bitcoin: the $100K again in 2025 The Holiday season on the Western markets impact the lower trading volumes and lower volatility on the crypto market. This came as a short rest, after extremely volatile November and December. Regardless of a recent drop in value, still year 2024 was excellent for BTC and the crypto market, as the coin managed to reach additional milestones. The first BTC exchange traded fund was approved by the SEC in 2024, when BTC was further included into the mainstream market. The second milestone was a break of the $100K level, which was the next milestone for the price of BTC. The all time highest level for BTC was achieved in December, at the level of $107.800. The futures market continues to be optimistic when it comes to the price of BTC in the year ahead, implying a possibility that the BTC might reach a new ATH during the next year. Of course, there are always unpredictable moments, so the sensitivity of BTC will continue to hold and in this sense, its higher volatility.
During the previous week BTC was trading in a relatively shorter price range, from $93,7K up to $99,7K. Still, during most of the time, BTC was testing the $95K support level. It could be expected that the BTC will close this year by testing this level. The RSI moved further from the strongly overbought market side, down to the level of 45. This is indication that the market is slowly eyeing the oversold market side, which might occur somewhere at the beginning of 2025. The MA50 continues to strongly diverge from MA200, without any indication of a potential slowdown in the coming period.
For the week ahead, it should not be expected to have any kind of high volatility on financial markets. The New Year short holiday is ahead, in which sense, trading volumes will not be the ones which could move the market to one or another side. Still, two weeks from now a new trading season is starting and a new fight for higher grounds.
Palladium: A Rare Trading Opportunity Palladium is currently trading at levels last seen in 2014 and 2018, hitting an extremely low support level. From here, I anticipate a bounce back to at least the previous high of $1,200 per unit.
📌 Next Target:
My projection is a rise to $1,500, which marks a strong resistance level.
Palladium is a highly demanded commodity, and at these low prices, it presents traders with an extraordinary opportunity to capitalize on its rebound potential.
$ONDO1.35$ seems like a good support and bears couldn't break it with multiple tries. So now the bulls will try to break the 2$ resistance and it might be rejected again, there could be a try for breaking 1.50$ after reaching 1.90$, If that happens and the support is lost, 1$ will be a good price to buy more, but, if 1.90 is broken with one or two tries we can wait for 4$ in the coming weeks.
The support seems to be strong, hence, it might be a good opportunity to buy right now. & sell if the support is lost.
EURCAD Here's a Breakdown of the Key LevelsEURCAD structure, here's a breakdown of the key levels and potential market:
1. Current Price (1.50330): The market is currently at this price, which suggests it may be within a consolidation zone, potentially preparing for a move.
2. Resistance Zone (1.50600): This level could act as a ceiling, where price may struggle to break higher. If price reaches this zone and fails to break above, it could suggest a short opportunity for a sell-side move.
3. Support Zone (1.48500): This is a critical area where the market may find buying interest. If the price approaches this level, it could bounce back up, or break through, indicating a continuation of the downtrend.
You Can Find more details in the Chart 📉
Rate share Your Idea💡 What's Going On Thanks
US30 1HIn the previous analysis , I expected a correction to begin about 150 points lower. If the 43,470 level is maintained, the market direction remains bearish, and the target has been updated with a slight correction.
A break below the 43,470 level, even by just one point, would invalidate the analysis, and the market direction would turn bullish.
Let’s wait to see if buyers show their strength and then make our judgment.
"High-precision analyses, astonishing results!"
Wishing you a New Year filled with success, health, and happiness!
Solana (SOL) Bullish Rebound Alert! Targeting $303 Solana (SOL) has bounced off a critical support level and is forming higher lows, indicating a potential bullish reversal. The price is consolidating near the lower end of the range, preparing for a breakout toward the key resistance level at $303.22, offering a significant upside opportunity. The strong uptrend from previous higher highs and the Ichimoku cloud acting as dynamic support strengthen the bullish case. This setup suggests a potential rally as buyers regain control, making this a key moment to watch. Stay tuned for a breakout! 📈🔥
MOVEMENT BULLISH MOMENTUM!!!!
After failing to break through the Break of Structure (BOS) area, the price corrected back to the trendline, which acts as a dynamic support. This move indicates that the trendline remains significant in maintaining the bullish structure. Currently, the price seems to be in a corrective phase, with potential consolidation around the trendline area before attempting another breakout to the upside. The Fibonacci Extension levels highlight the next bullish targets at 127.20% (1.2891) to 161.80% (1.5178), with the potential to reach 224.00% or even 261.80% if a breakout is successful. The Weak High area on the chart serves as a key resistance that needs to be cleared for further upward momentum. If the trendline holds, consistent higher lows will support the continuation of the bullish trend. However, if the price fails to hold above the trendline, the Weak Low area will act as the next support. Keep an eye on price action around this zone to confirm the next direction! 📈