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XAUUSD - Price Action - Today's Key Zones - London/NY SessionToday's potential trades for #XAUUSD - OANDA:XAUUSD It's over 100 pips between today's support/resistance zone. If there's no breakout, we have enough room to trade within these prices, on the smaller time frames with care If there is a breakout of today's support/resistance zone, it will come at these levels. 📈Potential Buys on close above 1829.139 📉Potential Sells on close below 1817.495 Once the price has closed above/below, we will look for an entry on a smaller timeframe. Our targets for today: Buys: Close Part of your trade/TP1 at 1839.583 and set SL to BE (or at around 50-100 pips) Close Full/TP2 at 1863.231 (or at around 150-200 pips) Sells: Close Part of your trade at 1808.355 and set SL to BE (or at around 40-90 pips) Close Full at 1795.320 (or at around 150-200 pips) Happy trading all 🤑
OANDA:XAUUSD
by n0madtrader
ETH/USDT Short-Term 1HInterval ReviewHello everyone, let's take a look at the ETH to USDT chart on a 1 hour time frame. As you can see, the price is starting to break out of the local upward trend line. After expanding the Fib Retracement tool, we see that the price is just below the strong support at $1,639, then we have a second support at $1,606, and then we can see a decline to the support level of $1,562. Looking the other way, we see that first there is a resistance zone from $1,656 to $1,677, then we have resistance at $1,693, and then a second resistance zone from $1,710 to $1,733. Looking at the CHOP indicator, we see that energy is slowly being collected, the STOCH indicator again shows a strong use of energy for a price drop, while on the RSI, each rebound ends with a stronger downward reaction.
by cryptodailyuk
3
Breakout or Fakeout. USD-CAD Top of Wedge Trade SetupsFor a more detailed analysis, see my former post linked below which highlights many points of confluence for a bullish trend continuation. Here however I want to focus on our current move as we are approaching a strong upper resistance level . On our weekly chart, we're approaching a large resistance level in the top of a HTF wedge and the bottom of a large supply zone that's been mitigated twice. We just created a major CHoCH to the upside and though I do believe the market wants to break out of this wedge, I think another liquidity grab is necessary for buyers - perhaps a mitigation of the demand zone sitting just below. I'm looking for a return to 60% levels within the wedge and a subsequent large upward move for a successful breakout. For a short trade: Look for a rejection at these upper wedge levels and await a CHoCH & BOS to the downside on the 15min For a long trade: Look for a bounce off demand zone and and await LTF CHoCH & BOS
by ReigningTrades
BTC Short-Term Review ChartHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price is struggling to stay on the local upward trend line. After unfolding the Trend Based Fib Extension tool, we see that the price is based on the support zone from $27,407 to $27,089, but when we fall below this zone, we can see the price quickly return to the support zone at $26,169. Looking the other way, we see that the first resistance is at $27,888, then the second resistance at $28,167, the third resistance at $28,580, and then we have a strong resistance zone from $28,879 to $29,309. Looking at the CHOP indicator, we see that a lot of energy has been accumulated for the move, the STOCH indicator indicates that most of the energy is exhausted, which has slowed down the decline, but the RSI indicator still shows room for the price to go lower.
by cryptodailyuk
1
DAX TRADING OPPORTUNITY Following the Downtrend on the DAX, price made a lower high and lower low creating a new Market Structure. Digging into the volume-candle analysis the upward move from Wednesday to Friday last week, created under light volume and small range candles. Showing the potential downtrend continuation. Price rejection on Friday below the 50% fib reveals the strength of the bears in the DAX. considering the LHLL and the RSI below 50, both indicated bearishness. On this time frame. If price continues moving lower there is a key level of Support S1 found around 15143 and if price continues lower the next Key Support found at S2 around 15022. Pay attention to this , it is just above the round number 15000. In case the price continues moving upwards, there is a strong Resistance found at R2 that is in between the 50% and 61.8% fib level and this can cause the market to move lower Happy Trading guys
PEPPERSTONE:GER40Short
by MarketMindsMastery
BNB Short-Term Review 1HHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Fib Retracement grid, we can mark support at $215, while if we fall lower, we can see the price return to the support zone from $210.8 to $208.9. Looking the other way, we see that the price is in a strong resistance zone from $215.7 to $218.2, and when it breaks it, it has strong resistance at $221.3. Looking at the CHOP indicator, we see that there is still energy to continue the movement, but on the STOCH indicator, the energy is used up in the short term, which may result in a temporary sideways trend or a small recovery.
by cryptodailyuk
2
BTC/USDT 4HInterval Review ChartHello everyone, I invite you to review the BTC to USDT chart taking into account the four-hour interval. First, we will use blue lines to mark the local triangle in which the price is approaching the exit direction. When we turn on EMA Cross 200, we can see that the price is struggling to stay in an upward trend above EMA Cross 200. Now let's move on to the distribution of the Fib Retracement grid, and here you can see that the price is based on the support zone from $26,879 to $26,500, when it falls below this zone there is a second support zone from $25,883 to $25,463, and then there is strong support at the price of $24,902. Looking the other way, in a similar way we can check the resistance areas and here immediately above the price there is a strong resistance zone from $26,915 to $27,461, only when we manage to get out of it and test positively, we can see an increase to the resistance level at $28,162. Please pay attention to the CHOP index, which indicates that there is still energy to continue the correction, the STOCH indicator is still in the upper part, which may also indicate a deepening correction, while the RSI index, despite the recovery, has room for the price to go a little lower.
by cryptodailyuk
1
ETH Short-Term Review Hello everyone, let's take a look at the ETH to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the trend based fib extension grid, we see that a support zone has formed from $1,663 to $1,647, and then we have a second zone from $1,604 to $1,581. Looking the other way, we can see that the price is fighting against a strong resistance zone from $1,671 to $1,701, only when the top comes out of it can we see an attempt to grow towards the resistance at $1,787. Looking at the CHOP indicator, we see that the collected energy was again used to increase the price, while the STOCH and RSI indicators confirm that the recovery creates room for a greater price increase.
by cryptodailyuk
1
BTC/USDT Short-Term ReviewAs we can see, the price remains in an important resistance zone, the maintenance may result in an increase in the coming hours to around $28,000, but when the zone rejects the price, a support zone from $26,382 to $26,135 will be important. The next scenario will take place near the support zone: Option 1 is to keep the price around this zone and then increase. Option 2: leaving the support zone at the bottom and falling to around $24,900. The CHOP, STOCH and RSI indicators indicate the depletion of energy, which should provide a moment of relaxation in order to gather energy again.
by cryptodailyuk
3
Can Chainlink (LINK) Achieve a New Annual Peak?Chainlink (LINK) has witnessed a substantial surge in the past two weeks and is now approaching the prospect of a new yearly high. Both weekly and daily timeframe analyses exhibit bullish tendencies, which is supported by the price action MFI. How Far Can Chainlink's Uptrend Continue? Looking at the weekly technical analysis, LINK's price has been on the rise since June, recovering from a low of $4.75. This ascent resulted in the reclamation of the $5.80 horizontal support zone, which has been held since April 2022. Moreover, this upward trajectory was accompanied by a bullish divergence in the MFI. The Money Flow Index (MFI) is a momentum indicator for traders to gauge market conditions, identify overbought or oversold levels, and inform buy or sell decisions. Readings above 50 coupled with an upward trend indicate a bullish trend, while readings below 50 suggest the opposite. A bullish divergence arises when the MFI shows a lower value while the price is higher. The daily timeframe paints a bullish picture. Additionally, the MFI is holding strongly above 50. If the uptrend continues, LINK may reach the yearly high of around $8.80, which is 20% higher than the current price. However, given that the overall market is not bullish whatsoever, at this moment it is unlikely to make any significant breakthrough. Looking Ahead: Despite the current trend LINK is unlikely to rise significantly over the yearly high at $8.80. On the other side, if the price starts descending, the $5.80 support level will be the next target to the downside.
by cryptohopper
ETC/USDT 4HInterval ReviewI invite you to review the ETC to USDT chart. First, we will mark the downward trend lines with a yellow line, below which the price moves. As you can see, the exit from this line was not maintained. At this point, the blue ema crosses the 200 line, which pushed the price back into a downtrend. Moving forward, we can move on to marking out areas of support as we begin a larger correction. And here we have a visible support zone from $15.36 to $14.92, then we have support at $14.30, and then support at $13.50. Looking the other way, we see that the price has fallen through the resistance zone from $15.81 to $16.41, then we have resistance at $16.60, and then resistance at $17.21. Please look at the CHOP index, which indicates that the energy of the downward movement has been exhausted, the RSI is recovering but there is room for the price to fall, while the STOCH index has also rebounded but there is still room to fall.
by cryptodailyuk
BNB/USDT 4H ReviewHello everyone, I invite you to review the chart of BNB in pair with USDT, also on a four-hour interval. First of all, we can use the blue lines to mark the triangle in which the price is moving, what's more, at this point we can see that the price quickly dropped from the place where we touched the blue ema cross 200 line, remaining in a downward trend. Now let's move on to marking the support places. We will use the Fib Retracement tool to mark supports, and as you can see, we can first mark the support zone from $210 to $207, while we still have strong support at $204. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here the first resistance zone starts at $215 and ends at $219, then we have the second zone from $223 to $228, and then strong resistance at $234. The CHOP index indicates that the energy has been used and is currently slowly growing, the RSI showed an increase and now a strong recovery is visible, while the STOCH index also exceeded the upper limit, which resulted in a strong price recovery.
by cryptodailyuk
1
BTC/USDT 4H Interval Review ChartHello everyone, I invite you to review the current situation of BTC in the USDT pair, taking into account the four-hour interval. First, we will use blue lines to mark the sideways trend channel in which the price approached the upper limit. At this point, it is worth determining the height of the channel, because when the price confirms the upper exit and tests it, the increase may be similar to the height itself. Next, it is worth marking the local downward trend line from which the price dynamically went up. Now we can move on to marking support areas in the event of a correction. And here, after unfolding the Fib Retracement grid, it is worth marking the support zone from $26,513 to $26,200 first, but when we fall below this zone, we have a second strong zone from $25,893 to $25,462, and then strong support at $24,909. Looking the other way, we can determine resistance areas in a similar way. First, we will mark a strong resistance zone, in front of which the price is located from $26,910 to $27,453, when the price breaks out of this zone and then holds it, we can see an attack on the resistance at the price of $28,151 before further increases. At this point, it is worth turning on EMA Cross 200 and, as we can see, the price was above the moving average of 200, which indicates a return to the upward trend, but it is important that this level is positively tested. Please pay attention to the CHOP index, which indicates that there is still some energy left, the RSI shows a visible increase and there is some room for the price to go higher, but the STOCH index clearly shows that the upper limit has been clearly exceeded, which also resulted in a deceleration of the growth and a visible rebound in order to regain gathering energy.
by cryptodailyuk
5
TOMO/USDT 4H Review ChartHello everyone, let's take a look at the TOMO versus USDT chart on a four-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start by determining the support line and as you can see, the first support in the coming hours is $1.20, if the support is broken, the next support is $1.10, and then we have a strong support zone from $1.01 to $0.92. Looking the other way, we see that the price is in the resistance zone from $1.24 to $1.31, then we have resistance at $1.35, then the second resistance zone from $1.41 to $1.48, and then resistance at $1.57. Looking at the CHOP indicator, we see that there is still energy for a move, while the RSI indicator, despite a slight price drop, has returned to near the middle of the range, which creates room for future growth, but before that we can see a greater recovery.
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by cryptodailyuk
4
ATOM/USDT Review Chart Hello everyone, I invite you to review the ATOM chart in pair with USDT. First, we will use the blue lines to mark the downward trend channel in which the price moves in the upper range. Going further, we can move on to marking support areas when we start a larger correction. And here you can see that the price remains at the support zone from $7.08 to $6.09, but if we fall lower, the next support zone starts at $5.10 and ends at $3.70. Looking the other way, we see that the price currently does not have the strength to break the resistance at $7.90, but when it does, it will move towards the first resistance zone from $8.93 to $9.76, and then towards the second zone from $10.59 to $11.76, then we have strong resistance at $13.25. Please look at the CHOP index, which indicates that we are quickly regaining energy for a new move, on the RSI we are in the process of recovery, which creates room for new increases, but the STOCH indicator shows that the dynamic movement of energy gives a very small price increase on the chart, which may translate into price recovery again.
by cryptodailyuk
2
MKR Chart Review 4HIntervalHello everyone, I invite you to review the MKR chart on a four-hour interval. As we can see, the price has risen from the downward trend line marked with a yellow line, but currently we are moving in a visible upward trend channel, marked with blue lines. Let's start by marking support places for the price and we can see that first we have a support zone from $1277 to $1220, but if the price drops lower, we have a second zone from $1173 to $1127, and then a third strong support zone from $1062 to $978. Looking the other way, we can similarly determine the resistance areas that the price must face. And here we see that the price has currently fallen through the resistance zone from $1,350 to $1,407, but when we break out of it, we can see an increase to the area of the second zone from $1,498 to $1,563. The CHOP index indicates that we still have a lot of energy to make a move, the RSI after the rebound shows an increase with room for the price to go higher, but looking at the STOCH indicator we can see that the blue line has exceeded the upper limit, which may cause increases and even give the price a rebound.
by cryptodailyuk
1
ETH/USDT 4H Review ChartHello everyone, I invite you to review the chart of ETH in pair with USDT, also on a four-hour interval. First of all, using the yellow line, it is worth determining the downward trend lines under which the price continues to stay. Now let's move on to marking the support places. We will use the trend based fib extension tool to mark supports, and as you can see, first we have a support zone from $1,588 to $1,563, but if the price falls below this zone, we have a second strong zone from $1,537 to $1,501. Looking the other way, we can similarly mark places where the price should encounter resistance on the way up. And here you can see that the price is fighting the resistance at $1,595, then we have the first resistance zone from $1,616 to $1,632, then there is the second zone from $1,648 to $1,671, and then strong resistance at $1,700. The CHOP index indicates that despite the recent move, we quickly regained energy, the RSI indicator shows a dynamic rebound after approaching the lower limit, while the STOCH indicator confirms the rebound, but you should be careful here because you can see the rapid use of energy.
by cryptodailyuk
BTC/USDT 4HInterval Review Hello everyone, I invite you to every Friday cryptocurrency review. Let's start by checking the current situation on the BTC to USDT pair, taking into account the four-hour interval. First, we will use the yellow line to mark the downward trend line from which the price has gone up and is currently staying just above the line. However, it is still worth marking the side trend channel to which the price has returned with blue lines. Now we can move on to marking support areas in the event of a correction. And here, first of all, it is worth marking the support zone from $26,233 to $25,851, but when we fall below this zone, we have a second strong zone from $25,468 to $24,920, and then support at $24,218. Looking the other way, we can determine resistance locations in a similar way using the trend based fib extension tool. First, we have resistance at $26,647, then it is worth marking the resistance zone from $27,019 to $27,329, when the price breaks it, we have the second zone from $27,629 to $28,073, and then resistance at $28,631. Please pay attention to the CHOP index, which indicates that the energy in the downward movement has been used up and is currently slowly growing, the RSI showed a rebound to the lower limit and we are currently rebounding, while the STOCH indicator also confirmed the exhaustion of energy in the downward movement, which stopped a further price decline in this movement.
by cryptodailyuk
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. As you see in the chart, BTC is forming a descending triangle pattern in the daily time frame which is generally a bearish pattern. Currently, it is hovering inside the triangle. We might see another test of the upper trendline and also might see some deviation above the trendline and after that price starts falling. Once it breaks down the triangle ( FWB:25K support) then we will see a big dump. What do you think about this? Share your views in the comment section. If you like this idea then do support it with your likes and comments. Thanks!
Short
by CoreCrypto1
4
TRX 8% Drop Likely!When taking a look at the legendary TRX, we can see that it is showing signs of weakness after failing to trade above the recent high 3 times in a rom. If price continues down, I would expect a 8% drop to the golden pocket which lines up with the horizontal support . Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
Long
by Navitility
BNB/USDT 1H Review ChartHello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has fallen below the local uptrend line. After unfolding the Fib Retracement grid, we see that the price remains just above the support zone from $210 to $207, but when we fall lower, the next support is at $203. Looking the other way, we see that the resistance at the level of $212 rejects the price, but then we have a significant resistance zone from $216 to $218, and then the resistance at the level of $221. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, and on the RSI indicator, despite a very small increase on the chart, we see an increase on the indicator, which may result in a small price increase in the coming hours.
by cryptodailyuk
2