Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance:
Click chart above to see the detailed analysis👆🏻
After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Alltimehigh
PDSL - Near ATH - looking strongPDSL has come close to ATH and looks strong.
Volume picking up and RSI is also stronger.
Stock can goes sideway for few days or drop a little to cool down the RSI, then it should take the flight up.
I will keep updating this idea, keep a watch.
Any comment or feedback on this idea are welcome.
Cardano - Starting The 10x Parabolic Rally!Cardano ( CRYPTO:ADAUSD ) is perfectly following the break and retest:
Click chart above to see the detailed analysis👆🏻
With an incredible +200% pump in November, Cardano is finally coming back to life after creating the bullish double bottom break and retest just a couple of months ago. Looking at previous cycles, this seems to be just the beginning of another +3.000 rally.
Levels to watch: $3.0, $10.0
Keep your long term vision,
Philip (BasicTrading)
SUI - Get ready for 15$#SUI/USDT #Analysis
Description
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+ SUI is currently trading within the range and heading towards a new all time high
+ The pattern looks similar to MATIC pattern in the last bull run
+ Im expecting a reasonable target of 15
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VectorAlgo Trade Details
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Entry Price: 4.7
Stop Loss: 3.0
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Target 1: 6
Target 2: 8
Target 3: 11
Target 4: 13
Target 5: 15
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Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin Ascending Bullflag Breakout Target 140kI am still expecting significant resistance in the 120-130k range so to see this having a full target of 140k is pretty wild to me. Perhaps we have. Correction before reaching its full breakout target, or perhaps price sends a large wick above the resistance up there to hit this target before that resistance rejects price for a significant correction. Either way I do anticipate we rise to at least 120k on this next move up. *not financial advice*
Bitcoin Breaks Through 102k Liquidity Zone, Girls Late to PartyBitcoin broke through the 102k liquidity zone acting as resistance for the past week. But it did so with low volume signaling some bearish divergence.
Key Considerations:
1. Weak Commitment: Lower volume suggests that there may not be enough buyer commitment to sustain the breakout.
Think of it like showing up to a party with a single girl and as soon as she realizes she's being ogled by a room full of broke bulls, she's gonna be the first one out of the door.
2. Potential Fakeout: A breakout with low volume increases the likelihood of a false breakout, where the price could fall back below the liquidity zone.
3. Lack of Conviction: The price holding above the liquidity zone on lower volume might indicate hesitation.
What to Watch For:
Price Action on Retest: If the price retests the liquidity zone and holds (even with moderate volume), it may still confirm support, but the next move up might be slower or weaker. This is bullish.
Volume Spike: Look for a volume increase in subsequent candles. If volume starts to pick up, it can validate the breakout. A couple more girls arrive to the party just before everyone leaves.
Divergences: Check for divergences in momentum indicators like RSI or MACD, which could signal a potential reversal. We have has a moderate amount at time of posting.
How to Approach It:
Cautious Optimism: Treat the breakout as tentatively bullish but remain cautious until stronger confirmation (e.g., a second retest or a breakout above the next resistance level with higher volume). Holden swears more girls are on the way
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684.
Fundamental Insight
Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum.
As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs.
Technical Outlook
On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are:
Resistance: $2,720
Support: $2,689 and $2,610
A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders.
Stay tuned for more trading insights and strategies!
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages:
Click chart above to see the detailed analysis👆🏻
Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high.
Levels to watch: $0.7, $5.0
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun:
Click chart above to see the detailed analysis👆🏻
Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel.
Levels to watch: $100.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
S&P500 - The Most Important Channel Breakout!S&P500 ( TVC:SPX ) is retesting a crucial breakout area:
Click chart above to see the detailed analysis👆🏻
During 2024, the S&P500 rallied more than 25% after we already saw a very bullish year of 2023. However, momentum is always more likely to continue and since the S&P500 is currently retesting a major breakout level, this bullish momentum could lead to a final breakout.
Levels to watch: $6.000
Keep your long term vision,
Philip (BasicTrading)
ETH All Time High is NOT YET IN A fractal, a Fibonacci pattern, and Crypto logic tells me that the Ethereum all time high is still coming.
This could take some time - but the month of December seems likely as this is a period of euphoria around the world, and BTC is notoriously bullish over Decembers. Ultimately, it all depend son how long BTC can hold and trade range - This is when altcoins continue to rally.
What we need to monitor closely now, is the BTC market cap (to watch the liquidity) and the Bitcoin Dominance Chart. A hard drop in BTC.D signifies the "beginning of the end" for the BTC bull cycle, but also the last impulse of Altseason.
More on that HERE:
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BINANCE:BTCUSDT BINANCE:ETHUSDT
BTC/USD Weekly Chart Analysis: Potential Price Scenarios in 2025Overview:
Bitcoin has displayed remarkable strength in the past few months, approaching critical levels in its long-term ascending channel. The current price action reflects bullish momentum, but there are key levels to watch for potential corrections or continuations. Here’s my detailed analysis based on this weekly chart.
Key Observations:
Ascending Channel:
BTC is trading near the upper boundary of a well-established ascending channel, which has historically acted as resistance.
If this boundary is broken with strong volume, the next potential target lies around $116,000.
Structure Levels:
A Weak High at $102,000 indicates the possibility of a short-term pullback before testing the resistance zone.
Break of Structure (BOS) and Change of Character (CHoCH) signals confirm bullish dominance, but corrections are part of healthy price action.
Moving Averages:
The 50-week and 100-week moving averages continue to slope upward, with price trading well above these levels, signaling a strong bullish trend.
Any retracement could find support at the 50-week MA or the mid-range of the channel.
Support and Resistance Zones:
Resistance: $102,000–$116,000.
Support: $76,000 (Golden Pocket) and $64,000.
Indicators:
RSI is currently overbought at 75, indicating the potential for a cooling-off phase.
MACD shows bullish momentum but hints at overextension as the histogram peaks.
Projected Scenario:
Scenario 1: BTC tests the Weak High at $102,000, faces rejection, and consolidates near the mid-range before attempting to break higher.
Scenario 2: BTC breaks out of the ascending channel, initiating a parabolic move toward $116,000.
Potential Risks:
A failure to hold support at $76,000 could lead to a deeper correction, testing key structural levels like $64,000 and $42,000.
Macro factors such as interest rate decisions or global economic uncertainties could heavily impact sentiment.
Conclusion:
Bitcoin is in a strong bull market phase, but caution is warranted near the upper boundary of the channel. Traders should monitor key levels and volume for confirmation of breakout or rejection. A pullback to the mid-range could provide an excellent buying opportunity for long-term holders.
Would love to hear your thoughts—do you expect a breakout or a correction? Let me know in the comments below!
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before making trading decisions.
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days.
Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback:
Scenario 1:
If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside.
Scenario 2:
Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound:
First Pullback Zone (equivalent to a block order):
Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence?
Second Rest or Pause Zone:
This zone must be considered because if there is a structural break, the price may drop lower to this point.
Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement.
Thank you for supporting my analysis.
TRADE SAFE!
XRPUSD currently retesting support on the double bottom necklineWe currently have one weekly candle close above the double bottom neckline and the currently weekly candle is still currently holding support on that same neckline with 3 more days left to go before it closes. A close above the neckline would certainly be a bullish sign especially when the entire candle’s body closes above such a resistance level. Considering Trump just appointed PayPal Mafia’s David Sacks as cryptocurrency/AI czar,I think probability favors a breakout up fro XRP’s double bottom pattern. Were price to confirm the breakout from the spot it just recently broke above the neckline at, then the full breakout target will be $4.0422 a most auspicious number full of multiple numerogically encoded 11-11’s. I also think if we are fractally mirroring 2016’s huge breakout move, that $3.80 or perhaps 3.84 could be an important level to watch also both very auspicious numbers as well, though the 4.0422 target would be preferred considering it would make for a new all time high. Whichever one it may be they will all get reached eventually this bull run in my opinion. *not financial advice*
SWING IDEA - CHAMBAL FERTILIZERSChambal Fertilizers , a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators.
Reasons are listed below :
Break of Cup and Handle Pattern : A classic bullish continuation pattern indicating potential for a significant upside.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure.
500 Zone Breakout : The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength.
Prolonged Consolidation Breakout : The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation.
Target - 675
Stoploss - weekly close below 440
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
LTC Headed back to $400 - A Guide To Maximizing the OpportunityHello Friends! Today we're going to do analysis on one of the most underrated and oldest coins in crypto - That's right, it's Litecoin! I've had my share of ups and downs with LTC over the years (see what I did there? 😀), and recently I've questioned its relevance myself. Yet it remains a top 30 Market cap coin, with a current Market Cap of $10.33 Billion USD).
Looking at the Monthly Chart, we immediately see this tightening symmetrical triangle. If you look at the same Monthly chart for XRP Ripple, you can see the exact same tightening triangle that recently broke out to a 350% move in just a month, shocking the world. Could Litecoin be next? Let's look at the charts and see if there's other supporting data for this hypothesis.
Before we do, we cannot deny what is plain to see with your own eyes. Litecoin has just broken out of this triangle in the last week and started to make its ascent. But how high can it go? The all-time high was $413.
As we move into the Daily chart, we can see the Fibonacci Extension aligns with the move to $400. I also have drawn an ABC correction although it doesn't exactly look right. Regardles, you can get the Elliot Waves and ABC correction on this move with these coordinates. The Fib Extension will become a lot more apparent as we zoom in further.
Here's where things get REALLY exciting. Often, inexperienced crypto analysts forget to use the BTC pairing as a leading indicator. This chart shows 3 exciting things that make an upward move against Bitcoin imminent.
1. The massive downward facing wedge which coincidentally works alongside the USD pairing symmetrical triangle.
2. The 200-day Moving Average (purple line) that LTC has broken out above.
3. The increasing steady volume as LTC inches closer to the upper trendline of the wedge.
Zooming in on the LTC/BTC pairing 4-hour chart, we discover an obvious ascending triangle that has been printing itself since the low of November 13th, with the upper trendline resistance falling right on the 200-day moving average. The breakout above this line with volume was a clear buying signal, and led to a rally in the USD pairing later that day. For full transparency, I used this signal to take a position immediately, which I scaled further into as the USD pair confirmed the breakout.
Looking back at the LTC/USD pairing and zooming into the 1 hour, we notice that the November 13th BTC pairing low coincides with the break of the USD pairing, and we have a clear break out from the monthly symmetrical triangle supported by volume. We've also identified a potential channel that could be used to track the move up.
Finally, zooming back out to the Monthly Chart, we see the Fib Extensions happen to line up perfectly with every cycle top, completing at the all-time high. Can you say confluence? It's almost too perfect. This chart combined with the previous should be screaming at you by now that this is obvious.
Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling.
- Shadowfigure