Get started

Trader

Potential 5% Drop in Ethereum Price Amidst Transition from PoW t Ethereum's price is currently above a crucial support level at $2,147, maintaining a bullish outlook. Bears are gaining strength, as indicated by the Relative Strength Index (RSI) below 50 and red bars on the Awesome Oscillator (AO) moving towards zero. The Moving Average Convergence Divergence (MACD) shows positive histogram bars but had previously crossed below the signal line (orange band). If selling pressure increases, Ethereum might drop 5%, breaking the $2,147 support and testing a bullish barrier from $2,048 to $2,107. A further decline below $2,075 would confirm a continued downtrend, with a worst-case scenario testing support at $1,935, representing a 10% drop from current levels.
Short
by tradewith_ritik
Gold Outlook 2024:Analyzing Bullish Trends, Key Resistance LevelBullish Bias: Weekly chart indicates a bullish bias for Gold. Relative Strength Index (RSI) comfortably above 50. RSI-based 20-period Moving Average provides additional support. XAU/USD remains within the upper half of a long-term ascending regression channel. Key Levels: Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension. Confirmation of support at this level could lead to a test of $2,125-$2,150. Potential profit-taking in this range may temporarily impede the uptrend. Further bullish targets at $2,200 and $2,440 based on Fibonacci extensions. Sustaining above $2,200 is crucial for continued buyer interest. Downside Support: Strong support at $1,960-$1,950, including the 20-week SMA, 50-week SMA, and mid-point of the ascending regression channel. Failure at this support could lead to a decline to $1,880 (100-week SMA) and $1,850 (200-week SMA). Weekly close below $1,850 may attract additional sellers, opening the door for a move toward $1,800 (lower limit of the ascending regression channel). Summary: Gold is bullish with potential resistance at $2,060 and further targets at $2,125-$2,150, $2,200, and $2,440. Strong support is seen at $1,960-$1,950, and a failure could trigger a decline towards $1,880 and $1,850, with $1,800 as a lower limit. Investors should monitor key levels for potential trend continuation or reversal, and the sustainability of support and resistance levels is crucial for determining the next directional move in the Gold market.
OANDA:XAUUSDLong
by tradewith_ritik
Ethereum (#Ethereum) tests its long-term trendline support When Ethereum (#Ethereum) tests its long-term trendline support, it often sparks a significant upward market movement, known as a bull rally. #Pattern_Recognition: Ethereum (#Ethereum) has shown a recurring pattern where testing its long-term trendline support has resulted in substantial bull rallies. #Historical_Timing: Notably, each of these support tests has historically occurred in the month of January. #Projection_for_2024: If the historical trend continues, there's a possibility of witnessing a similar upward market movement or bull rally in January 2024, following the long-term trendline support test.
Long
by tradewith_ritik
APTOS : Technical Outlook of APTUSDT Aptos Overview: Cryptocurrency: Aptos (APT) Current Price: $7.79 Recent Change: -4.79% in the last 24 hours Last Week's Price: $8.41 All-Time High: $19.92 (January 2023) Future Predictions: Best-Case Scenario (2024): $12.65 Worst-Case Scenario (2024): $6.23 Predicted Price (February 2024): Average $9.08, Highest $9.71 Predicted Price (June 2024): Average $9.61, Highest $10.28 Market Activity: Total Supply: $305 million Market Cap: $2.37 billion Trading Volume: 139.6 million 30-Day Change: +12.32% Summary: Current market sentiment suggests a potential future value between $9 to $12 in 2024. Despite recent fluctuations (down by 4.79%), the 30-day trend shows an overall increase of 12.32%. Total supply is $305 million, and the market cap stands at $2.37 billion. In short, Aptos is a cryptocurrency with varying predictions for its future value, currently priced at $7.79. The market has seen ups and downs, but experts are optimistic about its potential growth to $9 to $12 in 2024. Regards
Short
by tradewith_ritik
GOLD PRICE TECHNICAL ANALYSIS ( DAILY CHART )Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside. The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at $2,016. A daily closing below the latter could fuel a fresh decline toward the 50-day SMA at $1,982. However, the $2,000 threshold could be a tough nut to crack for Gold sellers. On the flip side, acceptance above the $2,040-$2,050 region is critical to resuming the Gold price recovery toward the $2,100 psychological level. The next bullish target is envisioned at the all-time highs of $2,144. REGARDS TRADE WITH RITIK
OANDA:XAUUSDLong
by tradewith_ritik
Gold price hangs near two-week low ahead of US CPIThe gold price has recently dropped below the psychological $2,000 mark, indicating a bearish trend after breaking the 61.8% Fibonacci retracement level of the November-December rally at $2,012-2,010. Daily chart oscillators are losing positive momentum, supporting the possibility of further declines. The next potential support level is the 50-day Simple Moving Average (SMA) around $1,965-1,963, followed by the crucial 200-day SMA near $1,951-1,950. A decisive break below the 200-day SMA could extend the recent pullback from the all-time high. On the positive side, the $2,010-2,012 support now acts as an immediate hurdle, with resistance at $2,030 and the $2,040 supply zone. If a golden cross occurs, with the 50-day SMA rising above the 200-day SMA, it could favor bullish traders. In this scenario, a climb to the $2,071-2,072 region and a potential reclaim of the $2,100 level may follow.
OANDA:XAUUSDShort
by tradewith_ritik
BITCOIN PRICE PREDICTION ( WILL TOUCH $50000 )* Bitcoin's current price: $43,350 * Weekly gain for holders: 15.25% * Recent bear market toughness below the 200-week Moving Average * Optimism: 50-week Moving Average expected to cross above the 200-week in a "golden cross" soon * Monthly gain for Bitcoin holders: 23% * Weekly gain: 15% * Projections: Targeting $50,000 by the third week of December * Analysis notes the addition of $30 million in Bitcoin spot bids Confidence in further price appreciation indicated * Regardless of a potential dip to $42,000, the analyst believes Bitcoin is on track to reach $50,000.
Long
by tradewith_ritik
Technical Outlook of Crude oil ( WTI )Crude oil prices experienced a decline, reaching the lowest point since November, attributed to a growing surplus in supply. Despite the OPEC+ official announcement, oil prices have maintained relative stability in the aftermath. Participants within OPEC+ are recognizing the missed opportunity and attempting to mitigate the situation through additional comments, such as those made by the Saudi Energy Minister. In terms of technical analysis, the $80.00 mark serves as a crucial resistance level. If crude oil manages to surpass this threshold, the next resistance is anticipated at $84.00 (represented by the purple line), where selling pressure or profit-taking may occur. Conversely, the soft support near $74.00 is currently under pressure, acting as the final defense before potentially entering a range of $70.00 and below. Traders should monitor the $67.00 level, marked by a triple bottom from June, as the next significant support level. Revised Support Levels: $71.50 to $70.80 Revised Resistance Levels: $73.50 to $74.80
BLACKBULL:USOIL.FShort
by tradewith_ritik
Bitcoin price could scrap $40,000 before a bigger dipBTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential. Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum. Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark. Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4. Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors. Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements. Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
Long
by tradewith_ritik
BTC/USDT ( Technical View )The current price of Bitcoin is $37,801.73 USD, with a 24-hour trading volume of $20.58 billion USD. Bitcoin has experienced a 0.84% decrease in the last 24 hours, and its market cap is $739.28 billion USD. The circulating supply is 19.56 million BTC, out of a maximum supply of 21 million BTC. In the weekly analysis of BTCUSDT, all technical indicators and moving averages signal a strong buy. The RSI is at 74.00, indicating overbought conditions in Bitcoin. While the EMAs suggest a temporary bullish trend, caution is advised due to the overbought stance indicated by the RSI, with the potential for an upward swing. Key resistance levels are at $38,907, $40,032, and $41,654, while support levels are at $33,413, $34,538, and $36,160. Bitcoin exhibits high volatility, as evidenced by the ATR (14) value of 2358.
Long
by tradewith_ritik
Bitcoin Price Prediction 2025Bitcoin (BTC) Price: $37,829.17 USD Price: 18.15 ETH 1hr Change: 0.17% 24hr Change: 1.14% 7d Change: 4.02% Volume: $22,694,872,312.93 Market Cap: $739,648,195,822.46 Circulating Supply: 19,552,325.00 Total Supply: 19,552,325.00 The price of Bitcoin is $37,758. It has a 24-hour trading volume of $77.41 billion, a market capitalization of $738.25 billion, and holds 50.91% of the market dominance. Over the last 24 hours, Bitcoin’s price has increased by 1.06%. Bitcoin’s highest value was on November 10, 2021, when it reached $68,770. Its lowest-ever price was on July 17, 2010, at just $0.05. Since its all-time high, the lowest it has fallen to is $15,599, while the highest it has reached after that low point was $38,407. Currently, the market sentiment towards Bitcoin is bullish, and the Fear & Greed Index indicates a score of 73, suggesting ‘Greed’.
Long
by tradewith_ritik
ANALYSIS VIEW ON SEI / USDT PAIR Pair: SEI/USDT Exchange: Binance Trade Type: Buy Long (FUTURE) Trade Parameters: Entry Level: 0.2095 Target 1: 0.2160 Target 2: 0.2222 Stop Loss: 0.1970 Analysis: The SEI/USDT pair, listed on the Binance exchange, presents a promising trading opportunity. The Relative Strength Index (RSI) indicates a bullish movement in the market, suggesting potential upward price momentum. Additionally, a bullish sentiment is observed in the short-term moving average, reinforcing the positive outlook. Trade Rationale: The decision to enter a long (future) position at the specified entry level of 0.2095 is supported by the bullish signals from both RSI and the short-term moving average. Target levels at 0.2160 and 0.2222. To manage potential risks, a stop-loss order is set at 0.1970. DISCLAIMER : EDUCATIONAL PURPOSE ONLY
Long
by tradewith_ritik
USD / CAD TECHNICAL OUTLOOK1) USD /CAD moves downside to 1.3700 on weaken US Dollar. 2) The bearish outlook for USD / CAD remain below the 50, 100 AND 200 moving average ( 1 hour TF ). 3) Major support level seen at 1.3655. Technically, the bearish outlook for USD/CAD remains intact as the pair holds below the 50- and 100-day Exponential Moving Averages (EMAs) on the four-hour chart. Additionally, the Relative Strength Index (RSI) is located in the bearish territory below 50, which means the path of the least resistance of USD/CAD is to the downside.
Short
by tradewith_ritik
XAGUSD (Silver/US Dollar)XAGUSD Technical Analysis : As of 17th October 2023, silver (XAG) against the US Dollar (USD) is showing signs of a bullish trend. The Relative Strength Index (RSI) is 53.57, indicating neutral conditions, while the Moving Average Convergence Divergence (MACD) is showing a Selling crossover. The silver price has also formed an ascending triangle pattern, suggesting potential upward momentum. Key Resistance: 22.74 Key Support: 22.46 Traders should closely monitor price movements around these levels. A break above the resistance could signal further gains, while a drop below support may indicate a reversal. Consider your risk management strategy before entering any trade. On the Basis of TF are : Minute TF : "Moving Average" & Technical Indicator" are showing bullish movementum Hourly TF : "Moving Average" & Technical Indicator" are showing bullish movementum Daily TF : "Moving Average" is neutral but the "Technical Indicator" is showing bullish movementum Weekly TF : "Moving Average" & Technical Indicator" are showing bearish movementum
OANDA:XAGUSD
by tradewith_ritik
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394. 💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water. 💎Stay vigilant and keep those charts close, ParadiseSquad!
Short
by MyCryptoParadise_Nathan