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Double Top or Bottom

Is the LINKBTC chart projecting more #DEFI & #ALTCOIN pain?Since topping out nearly 4 years ago the #LINK versus #BTC ratio has been down and to the right, with relief rallies being sold into. Clear trend of lower high's and lower low's. The trend has not been friendly to the Link Marines! Are we repeating the tale of #XRP and their faithful army? Both get dumped on by the their respective foundation or founding company. Both claim Banks will use their products / software ... Link does have #CCIP usage but it is not the only #interoperability solution. We already have #RWA on the blockchain.. they are called #stablecoins. Either this ratio is in danger of breaking down. Which maybe signalling a broader #Altcoin market demand destroying period.... Could #geopolitical tensions explode this summer to cause a massive #RISKOFF event and the #Dollar to spike?
by BallaJi
4
Is a Trend Reversal Coming?OANDA:EURUSD Multi-Timeframe Analysis Current Price: 1.07962 Potential for a Bullish Reversal: EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators: • Breakout of Descending Channel Upper Trendline • Weekly Major Support Zone • Potential Double Bottom Formation • Emerging Bullish Divergence Descending Channel Breakout: The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone. Weekly Major Support Zone: We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers. Top of Trading Range: Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward. Price Target: Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000. Key Levels to Watch: • Support: 1.07421 • Resistance: 1.08635 • Target: 1.10000 Stay tuned and happy trading!
Long
by SpicyPips
IRCON' S SUPPORT & RESISTANCE BULL OR BEAR ???- Hellooo, let's come towards main point as we can see from the daily chart Ircon is at its main support level which is 192 and from the same level it took support 4 times and reached 239-240 level. - The level of 239-240 will act as resistance for it and if it breaks the next target or resistance will be at 280 or 281 if we talk about percentage then Ircon can give upto 30%. - The strategy what we can use is to buy at lows so atleast if consider average issues then still we can earn minimum 15-20% in short term or above it. - S = 192 R=240 R2 = 280 R3= 301 & R4 = 351 - This are all my personal views not a buy or sell recommendation
NSE:IRCONLong
by investorragnarok
GBPUSD 4H longThis setup was not interesting for me last week but this week it is. The trend reached a weak and small demand zone so that's not interesting. But given all the price action for the last 2 weeks arround this level it makes it a stronger support level. Especially the strong bear candle so people ( including me ) think this will go bearish. Then suddenly it goes bullish, this is how allot of people loose money and that is what "they" need to move the markets. Entry trigger was because the price was bought up above the "weak" support line. Then we see some small indecision candles and after that another medium strong bull candle. That is a bullish sign for me so I entered :) There is off course US elections so high impact news but I will take that risk. The setup looks solid.
Long
by FX-Diaries