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XAU/USD) bearish reversal analysis Read The captionTechnical analysis of (XAU/USD) based on price action and technical indicators on the 15-minute timeframe. Here's a --- Key Technical Insights: 1. Resistance Level (Highlighted Yellow Zone): Price is approaching a strong resistance zone (previous rejection marked by red arrows). This area has historically pushed price downward. 2. Trendline Support (Rising Black Line): Price has been following a short-term ascending trendline, forming higher lows. A break below this trendline signals potential bearish reversal. 3. EMA 200 (Blue Line): Price is currently above the EMA 200, indicating short-term bullish momentum. However, price is testing resistance — a rejection could flip momentum bearish. 4. Bearish Rejection & Projection: The chart shows an anticipated rejection from resistance, followed by a break of trendline support. Target zone is marked near 3,228.098, indicating a drop of ~94 points from the current level. 5. RSI (Relative Strength Index): RSI is nearing overbought territory (68.79). A bearish divergence or RSI crossing down may confirm weakening momentum. Mr SMC Trading point --- Conclusion / Trading Idea: Bias: Bearish Entry Zone: Near the resistance level (~3,322) Confirmation: Break of trendline support Target: 3,228 Stop-Loss: Above resistance zone (just over the upper trendline) --- pelas support boost 🚀 this analysis)
OANDA:XAUUSD
by SMC-Trading-Point
7
CHR/USDT 4 HOUR UPDATE Welcome to this quick CHR/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- CHR/USDT is treading on a strong support Entry:- CMP Traget:- 50% to 60% Stoploss:- $ 0.960 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
2
How I made 148.5 Million! So on one of my post I was looking to go long on this. I saw that this was bouncing back and forth from a certain area.I then waited to buy around the support area and then sold around the resistance.On this trade I made 38,152,000 which was insane! What I also noticed was this was forming a head and shoulder pattern which presented itself for a good opportunity too short.Furthermore, I took a short position around 92.00 which in fact went against me. I ended up holding the position until it dropped back. Then the best part came it dropped all the way until it hit my TP at 86.467. This trade made me 110,412,000 and in total I made 148,548,000.After all this I do have to say this was from paper trading ,but imagine if I was making that much money on a live account holy shit! The fact is that I was right and my only thought now is I wonder how many trader bought long around the top thinking it would continue. Quote:“A peak performance trader is totally committed to being the best and doing whatever it takes to be the best. He feels totally responsible for whatever happens and thus can learn from mistakes. These people typically have a working business plan for trading because they treat trading as a business.”-Van k. Tharp Trader essential from Amazon 1. amzn.to -Tylenol Extra Strength Rapid Release (LOL) 2. amzn.to -Encyclopedia of Chart Patterns 3. amzn.to -Apple MacBook Pro 4. amzn.to -OLLY Goodbye Stress Gummy, 5. amzn.to - Lenovo Ideacentre AIO 520S 23-Inch Desktop Computer (Intel Core i5-7200U, 16GB DDR4, 1TB HDD, Intel HD Graphics 620, Windows 10), F0CU0001US 6. amzn.to Apple iMac (21.5" Retina 4K display, 3.0GHz quad-core Intel Core i5, 8GB RAM, 1TB) - Silver 7. amzn.to -Dell i5680-7813BLU-PUS Inspiron Gaming PC Desktop 5680, Intel Core i7-8700, 16GB DDR4 Memory, 128GB SSD+2TB SATA HDD, NVIDIA GeForce GTX 1060, Recon Blue, Windows 10 64-bit
BITFINEX:LTCUSD
by Red_Rock5
Investigation of Current Status of Bitcoin - worth of ReadigIn this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis ( Trend Lines , Candlestick formations, Moving Averages) 2. Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis . 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart , we can see that BTC bounced well from the year 2017 trendline and broken aggressively countertrend line. Additionally, 50 MA and 20EMA generated the cross signal which us bullish as well. On the other hand, we can see so-called "Death Cross" - crossed 200 and 50 MA, as well as that price bounced back down from 200 MA with the bearish engulfing candlestick formation. From the weekly chart, we can see a nice bounce from 50 MA and 20 EMA and 200 MA heading upwards. That's: 4 points for Bulls and 3 points for Bears. 2. From Elliot wave Analysis it seems BTC forming Symmetrical Elliot Triangle Wave (ABCDE) in a Bull market as part of the 4th correctional wave. We saw 5 waves down and only 3 waves up so far, however, there is still a high possibility of the aggressive bullish move because as you can see Bears struggle to overtake a control. However, if Bulls will not be able to make a break above 10 000 lvl we can assume that Bear market continues and that this was ABC correction after 5 ways down. 3. From CoinmarketCap we can see that BTC capitalisation increased from 112,467,000,000 to 157,350,000,000 (today's data). Thursday 26 of April was the highest daily volume of BTC Futures since the introduction to NYSE. That means that Bitcoin whales coming back to the market and institutional investors start to invest heavily after paying taxes on their accumulated profit over the last year. From recent news Rockefeller, RockFund and George Soros started to invest heavily in cryptocurrencies thus its time to watch if this volume continues. Additionally, during G20 meeting - policymakers didn't see any danger to the economy from cyptocurrencies and decided just to continue to observe the behaviour of a new financial instrument ( BTC Futures ). coinmarketcap.com cointelegraph.com That's: 4 Points for Bulls and 0 points for Bears 4. BITFINEX provide data of number of Short position of their traders. From chart we can see that number of short positions start to deacrease and that's a good sign for Bull, as well RSI is not oversold yet and means that more downside in number of shorts - still possible That's: 1 Point for Bulls and 0 points for Bears 5. BITFINEX provide data of number of Short position of their traders. From Chart we can see that number of long positions are decreasing as well, however it's extremely oversold right now on RSI and if we go back to few month ago we can see what happened when number of long positions went so low before. We can expect growth in number of long positions in a next few weeks. That's: 2 Points for Bulls and 1 point for Bears To conclude my Analysis lets count points of Bulls and Bears: In overall: 11 points for Bulls and 5 Points for Bears. The Overall sentiment of the market is positive right now but price action is too slow. If we see a bit more aggresive move towards 10 000 - I think we will gove to 12,500lvl easily by the end of May. Please like and subscribe if you want more analysis from me, because your feedback encouraging me for more action... Good Luck, VW. Disclaimer: I am not a financial advisor, Im just giving you my thoughts and analysis.
BITFINEX:BTCUSDLong
by NextOrderAlpha
3