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Solana May Rise Again After This Profit-Taking MomentSolana May Rise Again After This Profit-Taking Moment After breaking out of the pattern on November 6, 2024, Solana surged by nearly 46% from the breakout zone. The top was reached at 264.50 on November 22, 2024, followed by a slow correction. It appears that the entire crypto market experienced a profit-taking moment, anticipating Trump's inauguration as President on January 20, 2024. The chances are that we may see another bullish wave after the price tests a strong support zone between 176.50 and 182.50. We may see Solana rising again in the coming weeks, with targets at 210, 230, and 253-254. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
Bearish drop?USD/CHF is reacting off the resistance level which is a pullback resistance, a reversal from this level could indicate a double top pattern which might lead to a potential price drop to our take profit. Entry: 0.9020 Why we like it: There is a pullback resistance level. Stop loss: 0.9065 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 0.8962 Why we like it: There is a pullback support level that line sup with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
AMD’s Chart Shows Potential Life Signs After Nine Tough MonthsIs it finally time semiconductor giant Advanced Micro Devices NASDAQ:AMD to show some life after a more than nine-month-long beatdown? Let's investigate what the stock’s technical and fundamental analysis says. AMD’s Fundamental Analysis Advanced Micro Devices has lost better than 40% since hitting a $227.30 all-time intraday high on March 8. In just in the past two weeks or so, three analysts with five-star rating from TipRanks have reduced their AMD target prices while either reiterating "Hold" ratings or downgrading the stock. Joseph Moore of Morgan Stanley, William Stein of Truist Financial and Vivek Arya of Bank of America took their targets for AMD down from $168.73 on average to a $152.67 mean. The stock closed Friday at $125.24, so even that reduced average target would require AMD to climb more than 21% to hit it. Some "Hold" that would be. Meanwhile, two other five-star analysts -- Gus Richard of Northland Securities and Thomas O'Malley of Barclays -- have recently either reiterated or initiated "Buy" ratings on AMD with target prices in the $170s. AMD’s stock has struggled as the company chased Nvidia NASDAQ:NVDA in the generative AI space without really capturing much more market share. Broadcom NASDAQ:AVGO and Marvell Technology NASDAQ:MRVL are starting to crowd into that space as well, not to mention the hyper-scalers like Apple that have started to design their own chips as a means toward saving capital. Still, there are the gaming and PC sectors -- spaces where AMD has practically eaten the lunch of rival chipmaker Intel NASDAQ:INTC . As for earnings, AMD will report Q4 results in about a month's time. The Street is looking for about $1.09 in adjusted earnings per share on $7.5 billion of revenue. If that holds true, the results would compare favorably to AMD’s year-ago $0.77 in adjusted EPS, while reflecting 22% year-over-year sales growth. That would also represent the fifth consecutive quarter of 20%+ year-over-year revenue growth. AMD’s Technical Analysis AMD’s chart as of Tuesday looks like it’s starting to tell us something potentially positive after months of problems -- the possibility of a so-called “double-bottom reversal pattern” completing its development: Bottom No. 1 formed in early August at $121.83, while AMD might have just put in Bottom No. 2 a few days ago at $117.90. The apex of the rally in between these two bottoms (which would form a pivot point in this pattern) occurred in early October at $174. All of that is potentially bullish. Looking at AMD’s other technical indicators, readers will see that the stock’s Relative Strength Index (the gray line at top in the above chart) is still weak, but is rallying out of a technically oversold condition. Meanwhile, the stock’s daily Moving Average Convergence Divergence indicator (or “MACD,” denoted with the black and gold lines and blue bars at the chart’s bottom) appears to be trying to force a more bullish set-up. Mind you, there's still plenty that could prevent any real bounce-back for AMD. For instance, the histogram for the stock 9-day Exponential Moving Average (or “EMA,” marked with blue bars at the chart’s bottom) has improved, but is still negative. However, the 12-day EMA (marked with a black line) has caught up to the 26-day EMA (the gold line) and could rise above it. That would historically represent a positive development. On the other hand, AMD’s 21-day EMA (the green line above), 50-day SMA (the blue line) and 200-day Simple Moving Average (or “SMA,” marked with a red line) are all above AMD’s Friday close. That historically means there will be algorithmic resistance on the way up for AMD, and that the stock is still technically in a downtrend. That said, those are the lines that AMD will have to retake to pull swing traders and portfolio managers back from a risk-off sentiment toward the stock. Time will tell, but I personally have a little more hope for AMD than I did a week or two ago. (At the time of writing this column, Moomoo Markets Commentator Stephen “Sarge” Guilfoyle was long AMD.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. 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NASDAQ:AMD
by moomoo
1
Nikkei 225 Struggles to Hold Above the Psychological LevelNikkei 225 Struggles to Hold Above the Psychological Level The Nikkei 225 (Japan 225 on FXOpen) has risen nearly 20% in 2024, marking its best performance since 1989, according to Trading Economics. This impressive gain is especially noteworthy considering the market plunge in early August, triggered partly by the Bank of Japan’s historic interest rate hike. According to today's chart of the Japanese stock market index Nikkei 225 (Japan 225 on FXOpen): → Late last week (marked with an arrow), the index surpassed the psychological 40,000 level, reaching a 5-month high. → However, as this week began, the Nikkei 225 dropped below 40,000, failing to sustain its position above this key level. Potential influencing factors: → Portfolio adjustments as the new year begins. → News about a potential merger between Nissan and Honda. → A weakening yen, which supports Japan’s export-driven industries. Technical analysis of the Japan 225 (Japan 225 on FXOpen) chart shows that: → Bulls have been forming an A-B-C-D-E structure of higher highs, outlining an ascending channel (shown in blue). Despite this, the 40,000 level remains a strong resistance point. → The bears are gaining an edge with Line 1, which splits the channel into quarters and signals increasing resistance. Given these dynamics, Friday’s peak could be a false bullish breakout. The Nikkei 225 (Japan 225 on FXOpen) might retreat towards the median line or drop further to test support around 37,800. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
FXOPEN:J225
by FXOpen
1
XAUUSD BEARISH ANALYSIS | (READ THE CAPTION)hello dear traders tis is m xauusd analysis. kindly share your opinion wit me about this chart in comment section current xauusd price is 2619.00 bearish trend is back in market last week gold hit our supply zone 2639.00 and then we see heavy fall in gold market now market reject from our support1 2613.00/2610.00 to our resistance1 2620.00/2623.00 now i'm looking for sell trade from this zone if i find any sell confirmation ten i'm go for sell from our resistance1 and set target at support2 2603.00/26000.00 zone key points: resistance1 2620.00/2623.00 supply zone 2635.00/2639.00 support1 2613.00/2610.00 support2 2603.00/2600.00 trade setup: entry zone 2620.00 / 2623.00 target 2600.00 stop loss 2634.00 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me! Best Regards, The forex adventures
OANDA:XAUUSDShort
by TheForexAdventures
EUR/USD Selling Idea Check Signal (READ CAPTION HERE)Hello Traders Look at the chart and share your precious ideas about it . As you know Technical indicators suggest a bearish trend, with the pair having broken through key support levels, indicating potential for further decline. Technical Analysis: Support Levels: 1.03828: A key psychological level that has been tested multiple times recently. 1.03430: A significant support level; a break below this could indicate a continuation of the bearish trend. Resistance Levels: 1.04435: A near-term resistance level; surpassing this could lead to further gains. Must follow for timely updates and technical analysis ,Boost this post
Short
by ALLEYPROFESSIONALS
BTC/USDT Chart Analysis BTC/USDT consolidates within a symmetrical triangle, indicating a potential breakout. This pattern often translates into a significant price movement, either upwards or downwards. As highlighted in the chart, if BTC breaks out to the upside, the price projection is approximately 15.77%. The measured move aligns with historical price action and the triangle's width. Support Level: Near $93,000 The breakout of the triangle will determine the next directional trend. Keep an eye on increased trading volume to confirm the validity of the breakout. If the breakout is bullish: The potential target is $108,000 Let me know if you’d like further assistance or adjustments! DYOR. NFA
Long
by CryptoSanders9563