Alikze »» DYM | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in a downward channel in the daily time frame, which continued to correct until the green box after the channel broke.
- It is currently located on the roof of the second channel. With the defeat of the region, it can have goals close to 1.56-1.95.
- In addition, if it can be above 1.56, it can touch the ceiling of the previous channel of 2.34.
💎 Alternative scenario: if it faces selling pressure at the top of the channel, it can continue the correction to the bottom of the descending channel in the range of 0.78 by breaking the green box.
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BINANCE:DYMUSDT
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Alikze »» PYTH| Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel in the 8H time frame and daily.
- Currently, with the failure of the channel roof, it is around the supply area and neck line.
- Therefore, in case of a negative reaction, it can be broken into the channel with pullback and touch the specified targets by maintaining the 0.29 area.
💎 Alternative scenario: In addition, if it stabilizes below the 0.29 area, it can retest the green box.
🛑 Targets: 0.39 - 0.44 and supply area or red box.
🟩 Support: 0.29
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OKX:PYTHUSDT
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | GOLD complex PULLBACK. Opportunity to BUYYesterday, the market reacted to news reports by rebounding from the resistance level and subsequently reached the target zone at 2353. It also bounced off the support level, forming long-tailed bars, which indicates level rejection. I anticipate that OANDA:XAUUSD may move toward the key round number at 2400. Given the upcoming news today, there is potential for a price surge. Overall, while I expect the price to continue moving sideways, if the market rejects the support level after news comes out, there is a possibility that it could push towards the week's open price level. My goal is resistance at 2400 from the support level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURCAD divergence at the RESISTANCE. ShortThe price action has rebounded from the resistance zone and formed a divergence at this level. Currently, the price is testing the key resistance at 1.5000, having recently formed a false breakout by taking liquidity above it. On the weekly timeframe the market reached the supply area where the price bounced off twice. I anticipate a retest of the main resistance before rolling back toward the support level. My goal is the support level at 1.49520
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Lingrid | TONUSDT has Reached DEMAND zone. Potential LONGOKX:TONUSDT has reached demand zone. Looking left at the price action, we can observe that it has previously reversed swiftly from a bearish trend to a bullish one from this area. The market has broken through the range zone, and this pullback has triggered a significant correction. I anticipate that this pullback continuation of sideways movement between 6.50 and 7.70. On the weekly timeframe, the market has broken below the lows of the last two weeks, suggesting that it may seek liquidity in this area before moving higher. Additionally it bounced off the June's low. While we can't overlook the impressive bullish momentum seen in last month, I expect the market to consolidate briefly before resuming the upward move. My goal is the resistance zone 7.100
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Hellena | GOLD (4H): Long to 50% Fibo lvl 2439.Dear Colleagues, It looks like price has completed an upward five-wave momentum move and is now in an “A B C” correction.
Therefore, I expect the price to reach the area of 50% Fibonacci level 2439. I will then expect the price to decline.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
CVPUSDT(PowerPool) Daily tf Range Updated till 26-07-24CVPUSDT(PowerPool) Daily timeframe range. it did had a huge pump. a nice retrace back from its local low smart profits. as of now its trying to break out of 0.5361. a confirm close can lead it to 0.6789. local support at 0.4258.
DXY- False break and strong reversal ahead?
Last week, the DXY broke below important horizontal support.
However, the next day, the index reversed its losses, followed by a bullish candle on Friday.
This created a strong reversal candle on our weekly chart, making us wonder if the initial break was false.
Now, the index is consolidating above this important horizontal support.
A break above the current lateral consolidation could lead to an upward acceleration.
Typically, after a false break, the asset moves in the opposite direction to test the next significant level.
For the DXY, this sets a target in the 1.0650 zone.
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief!
I prefer price away from all time high as there are more confluences and more price action down here to take better trades from.
I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell.
No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now
lets avvit!!!
tommy
Gold- at important junctureYesterday, after the second test, XAU/USD reversed from 2390 and reached the 2420 resistance zone.
However, last week's drop was impulsive and might only be the first leg of an overall correction within the long-term bull trend.
The rise to just under 2400 appears corrective so far, suggesting we might see another drop below 2400 and eventually a drop below the 2390 support level.
In my opinion, short trades are favored, and the 2420 zone is crucial for traders to watch. However, if the price breaks above this zone, it would indicate a false down break and give an advantage to the bulls, with a new all-time high in sight.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Lingrid | GOLD selling OPPORTUNITY at KEY ResistanceThe price perfectly fulfilled my last idea. It hit first target at 2430. OANDA:XAUUSD has broken below the critical 2400 level following the release of unfavorable news for gold. Given the current momentum, I think it's likely that the market will retest this lower levels. I anticipate that the price may even drop below 2350 to absorb any remaining liquidity. If the upcoming Core PCE data fails to propel the price higher, I expect the market to fluctuate upward and downward before potentially resuming its previous trend. My goal is the support around 2350.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | AUDNZD in the Bullish TREND. LongFX:AUDNZD has pulled back from the resistance zone, despite the overall bullish trend remaining intact. Notably, the price broke and closed above the prolonged consolidation zone on the daily timeframe. The price action is forming a two-legged pullback against the main trend. After falling below the previous week's low, this could potentially be a fake breakout, which would be followed by a continuation of the uptrend. I believe the market will consolidate in this area before resuming its upward movement. I expect buying opportunuty at lower border of the channel. My goal is resistance zone at 1.10790
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | SOLUSDT pullback TRADE. Long from SUPPORT levelThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:SOLUSDT has pulled back from its resistance zone, forming a first top, and is now retracing towards the range zone that typically serves as both support and resistance. As the market enters a correction phase, I think the price may find a support level below 170, near the upward trendline. On the weekly timeframe, we see a large bullish candlestick indicating significant buying pressure. If the price can maintain its position above this support level, I anticipate a continuation of the bullish trend. My goal is the resistance zone 184.30
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EurAud- Important break could lead to 1k pips riseAfter a recent dip to the 1.6 zone and a period of consolidation, the EUR/AUD has reversed strongly over the past two weeks, leading to a significant breakout.
As shown in the chart, following an initial upward movement lasting about a year, the pair corrected and consolidated within a falling wedge pattern for another year.
Currently, we see a clear breakout above the falling wedge's resistance, which could lead to a rise of approximately 1,000 pips in the medium to long term.
Swing and positional traders might consider buying on any dips around 1.64, aiming for a target of 1.75, while keeping the interim resistance and falling wadge's target at 1.7 in mind.
Lingrid | GOLD Weekly MARKET AnalysisOANDA:XAUUSD market experienced another strong rally this week, showcasing significant momentum. However, it ended the week with a pullback, closing below the weekly open price level. Despite this, I believe the recent pullback may present a buying opportunity, given the overall bullish trend remains intact on the weekly timeframe. The last weekly candle formed a long-tailed bar, indicating bearish pressure was present since the europe chose not to cut rates this week, and that may have caught some trader off guard. Therefore I anticipate the market to consolidate in a sideways range between 2350 and 2450 before resuming its upward trajectory, ultimately reaching the next key resistance zone at 2500.
On the daily chart, the market broke and closed above the previous resistance level at 2450, indicating a continuation of the trend. As the price approaches the 50% to 61.8% Fibonacci retracement levels, it may find support there. Overall I expect short-term pullbacks to be absorbed by buyers at these levels, potentially forming a long-tailed bar that would signal a bullish move.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURUSD possible Selling OPPORTUNITYFX:EURUSD reached the resistance zone, but was subsequently pushed back down. Following the recent news release, the market saw an impulsive move lower, and I believe it's likely to test the support level at 1.08000 below due to the significant selling pressure that's been building up above. The price action has already cleared out liquidity above the previous high, suggesting that the market is poised to move lower. I'm expecting a rejection of the resistance level, which would confirm bearish dominance and provide a clear signal to sell the market. My goal is to support level around 1.07900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | AVAXUSDT Break and RETESTThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:AVAXUSDT has been trending upward, recently breaking through the key level at $30.00. The market closed with a large bullish candle last week, and now it's testing the approximately 50% of that weekly range. After breaking out above a strong level and pulling back to retest it, we're seeing a classic break and retest setup. Given this setup, I'm expecting a classic pullback and continuation pattern to unfold, with the price potentially retracing before resuming its upward movement. My goal is the resistance zone around 32.70
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will
Lingrid | GBPAUD counter TREND trading OPPORTUNITYThe price perfectly fulfills my last idea and reached support level. The market is approaching the March high, a key resistance area where the price has bounced off in the past. I expect that if the resistance rejects the price again, it may lead to a pullback down to test the support level. This could manifest as a double top or bearish divergence, indicating a potential reversal. In anticipation of this short-term pullback, I'm looking for a counter-trend opportunity to enter at the resistance zone and channel border, setting up for a potential entry point. My goal is to support level at 1.93570
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻