GBPUSDDear friends, Currently, the British pound may have increased due to improved data released on Thursday from the United Kingdom.
Currently, this currency pair is facing temporary resistance at 1.2700 before 1.2740. If GBP/USD recovers within the 1.2740 channel, there is a possibility that the price will decrease again, with a potential target of 1.2399.
Signals
Gold price todayDear friend, Today, the price of gold in the market has fallen after reaching its highest level in the overnight trading session at $2,050 per ounce, marking the most significant decline in three weeks.
The drop in gold prices is due to a sharp decrease in the number of US workers filing for unemployment benefits for the first time in the last week of 2023.
On the other hand, gold prices are at risk of further declines as the US Federal Reserve recently signaled its readiness to cut interest rates at the end of the new year. The minutes of this meeting indicate that the rate-cutting cycle is likely to be longer than expected. This is putting significant pressure on the gold market.
Furthermore, gold prices are under pressure due to the upward trend of the US dollar. However, analysts believe that while the strength of the US dollar today is partly responsible for the decline in gold prices, it is not the main factor.
Therefore, it is crucial to closely monitor important market news to grasp the trends of this precious metal in the coming period.
BTCUSDT: Strong increase againHello dear friends!
BTCUSDT has witnessed a rapid surge but quickly underwent a correction. The price is currently trading around $43,000 today, marking a 0.51% recovery after signs of the correction nearing its end upon retesting the Breakout zone.
Karina's target: BTCUSDT aims to reach $48,000 in terms of price action. What about you?
Bitcoin Soon $200k if ETF get to Approved ?BIG NEWS: Bitcoin Aiming for $209,000 / MIL:BTC
Get ready for a potential surge as history repeats itself:
2004: Gold Spot ETF Approval
Result: Gold Price Soared by 481%
#Bitcoin currently at $43,480
High chance of #ETF Approval in days
A 481% increase from now = $209,000 BTC
Fun Fact: #Gold never returned to its pre-approval price.
Are we in for a wild ride?
L&T FINACE HOLDINGHello & Welcome to this analysis
Stock has entered in the PRZ of a Bearish Harmonic Bat Pattern in the monthly time frame suggesting a retracement 135-115.
The pattern gets negated above 188 - X pt of the pattern.
Since this is a monthly structure it could see a longer period of consolidation before it either does a distribution and dips down or after a sideways accumulation breaks on the upside.
Downward trigger level currently is at 155 on weekly basis.
Safe trading & investing
Bitcoin ( $BTC ) Surges Past $45,000 for First Time Since April Bitcoin ( CRYPTOCAP:BTC ) Surges Past $45,000 for First Time Since April 2022!
In the early hours of the day, Bitcoin's price surpassed $45,000 for the first time since April 2022, driven by expectations of a U.S. Securities and Exchange Commission ( #SEC ) approval for a spot Bitcoin exchange-traded fund (ETF).
Are you ready for the next wave of crypto growth?
Strong Resistance: $48600-$50600
#Bitcoin #Crypto #ETF #BitcoinETF
ETHEREUM Broken Bull Flag so Now Target is $2800 as per Chart#Ethereum Market Update: On the Way to $2800!
Current Status:
Ethereum (#ETHUSDT) has shattered the $2300 resistance mentioned in the last post and is now trading above $2400.
Bull Flag Resistance Broken at $2255, with a successful retest at $2200.
Analysis:
Bullish momentum continues, setting the stage for a push towards $2800.
Caution: In the event of a market downturn due to negative news, anticipate a potential retest at $2290-$2300 before the upward journey to $2800.
Critical Levels:
Resistance Broken: $2255
Retest Completed: $2200
Bullish Target: $2800
Important Note:
Sustaining below $2200 may shift #ETHUSDT into Bearish Mode.
Stay tuned for real-time updates!
Join And follow me for More Quality analysis.
Thank you.
#EthereumUpdate #CryptoTrading #ETHAnalysis
Ethereum Ready for $3000 or $1500 ?CRYPTOCAP:ETH Chart Pattern:
#Ethereum price is currently experiencing a bullish pattern in higher time frames, forming both a symmetrical triangle and a bull flag.
The breakout and subsequent retest of the support level have been confirmed, indicating a potential target of $2,800.
However, if the price of #ETH breaks down below the $2,240 support level, it could turn bearish, potentially dropping to the $1,900-$2,000 range.
It is always important to trade with caution, considering the trend and confirmations before making any decisions.
#TRBUSDT #BULLRUN2024 #HappyNewYear
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session
The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target.
However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet.
The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency.
Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. .
If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Gold price approaches important resistance levelGold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
Ethereum Symmetrical Triangle Chart Analysis #Ethereum Symmetrical Triangle Analysis CRYPTOCAP:ETH
#ETH is currently forming a symmetrical triangle, presenting a potential breakout or breakdown scenario.
A successful breakout above the $2340 level indicates a bullish trend till $3000 Target.
But
Conversely, a breakdown below the symmetrical triangle support at $2200 suggests a bearish trend And Traders should be prepared for a potential retest of the $1500 level in this scenario.
- Avoid Blind Trades:
- Trade with confirmed signals.
- Utilize technical analysis for precision.
DYDX/USDT 500% Potential From HereDYDX/USDT Chart Overview
The chart signals a bullish trend with a potential breakout in the green box zone. If you missed it, don't worry – I'm eyeing every significant dip for potential buy opportunities.
On the higher time frames (HTF), there's a promising Bull Flag formation. Things could get super bullish if we witness a breakout above the flag's resistance.
Long Term Target: $20
Entry Zone: $2.30-$2.90
Key Levels:
Resistance Levels: $6.77 / $9.3 / $12.3 / $15.3 / $18.60 / $30
Support Level: $2.30
Here's the strategy:
Target: Long-term resistance equals our ambitious target of $20.
Entry: Looking to Accumulate in the range of $2.30-$2.90.
ARB/USDT 30% Potential in Scalp TradeARB/USDT Trade Analysis
Bullish Trend Alert!
ARB is showing promising signs in the bullish trend, setting the stage for potential gains. If the price manages to hold above the $1.10 level, we could be looking at a lucrative opportunity with a potential profit range of 10-30% within the next few days.
Trade Strategy:
For the best entry, consider buying near the support level of $1.10. This level serves as a crucial point for potential upward momentum.
Key Levels:
Support: $1.10
Resistance: $1.50
#Crypto #Arbitrum
HOOK/USDT 50% Potential after this Bull Flag PatternHOOK/USDT Chart Analysis:
Bull Flag Formation:
HOOK/USDT is currently displaying a Bull Flag pattern, indicating a potential upcoming breakout.
Breakout Potential: Anticipating a breakout soon, with potential gains ranging between 20%-50% from the current level.
Strategic Entry: Consider entering around support levels for optimal risk management and potential profit.
Breakout Confirmation: Have entry and exit points ready. A confirmed breakout could lead to a swift price movement.
SL Exit:- Below Support Level
DASH/USDT 30% Potential on Scalp SetupDASH/USDT Analysis NASDAQ:DASH
Current Status: Price Above Support Trend Line
Hey traders!
DASH/USDT is holding strong above its support trend line, indicating bullish momentum.
I'm still holding my position and considering adding more at the support level.
Target Range: 10%-30%
Time Period: 2-15 Days
Stop Loss: Close below Support TL on 4H Candle.
Let's ride this trend together.
Happy trading!
#DASH #TechnicalAnalysis #CryptoPatel #fomc #altcoins CRYPTOCAP:BTC CRYPTOCAP:ETH
Bitcoin Bearish Pattern So ready for $31500 ?Bitcoin Analysis Update
Current Status: Near Parallel Channel Resistance
Bitcoin is currently hovering near the parallel channel resistance, with a range between $40,500 and $41,000. The recent price action resembles a rising wedge, suggesting a potential bearish move if the $41,000 level faces rejection.
Anticipated Reversal Scenario:
If the price rejects from the $40,500-$41,000 range, we may witness a bearish trend. The initial stop is projected at $37,500, and a second stop at $32,000 could come into play if the channel support at $37,500 is breached.
Key Levels to Watch:
Support Levels: $37,500 / $32,000
Resistance Level: $41,000
Follow us for Real-time crypto updates.
Thank you.