AAVE price shows stabilityCRYPTOCAP:AAVE is another "old-timer" - a colleague CRYPTOCAP:TRX , which is well held and has begun to move against the market.
After the downward trend of 21-22, global accumulation and a smooth trend reversal continued during 23-24.
If the OKX:AAVEUSDT price is kept above $81-86 in the coming days, then it will be possible to take a medium/long term long with a target of $175, and if you're lucky, up to $300 dollars ;)
Fibonacci
Sushiswap Sushi price analysis🍣 Fresh CRYPTOCAP:SUSHI has been brought to the market, but you need to buy it at a good price and more on that later!)
Only the 4th time, for the first time in 2.5 years, OKX:SUSHIUSDT price managed to break above $2
1️⃣Now the main thing is to wait for confirmation of the breakout and the strength of buyers. That is, we need to wait for the price of the #Sushiswap token to firmly establish itself in the range of $1.50-2 and not fall below it.
2️⃣If this condition is met, the prospects for continued growth to $10 will open up, where selling one #Sushi will allow you to buy a whole roll set :)
_____________________
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$SPY December9, 2024AMEX:SPY December9, 2024
15 Minutes.
As can be seen in chart AMEX:SPY struggling around 608 609 levels.
The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement.
For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement.
Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on reversals.
At the moment AMEX:SPY is converged in 3 moving averages 9,21,50.
We have 100 averages sat 606 levels.
That is my first target for the moment.
Day is still strong, and I have 635-640 as target.
We have 606 as 9 averages in day so that should give good support on a reversal.
Pulse of an Asset via Fibonacci: TSLA at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
.
.
Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
EMS Limited: Water Theme Stock Ready for an Upside Run!
🚀 EMS Limited: Water Theme Stock Ready for an Upside Run! 🚀
Current Market Price: 844
Stop Loss: 790
Target: 950
EMS Limited has moved above the 62% retracement level and completed a small cup and handle breakout, signaling strong bullish momentum. With its focus on the water management theme, this stock holds potential for a significant upside, making it a compelling long-term investment idea.
📈 Why Consider EMS Limited?
Key technical breakout above the cup and handle pattern.
Strong sectoral theme with long-term growth prospects.
Investment opportunity for larger targets in the future.
📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#EMSLimited #WaterManagement #InvestmentTheme #TechnicalAnalysis #BreakoutStrategy #StockMarket
NQ Power Range Report with FIB Ext - 12/9/2024 SessionCME_MINI:NQZ2024
- PR High: 21670.75
- PR Low: 21626.75
- NZ Spread: 98.5
No key scheduled economic events
Holding auction in ATHs
- QQQ daily gap below 520
Session Open Stats (As of 12:45 AM 12/9)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 263.85
- Volume: 21K
- Open Int: 293K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22096
- Mid: 20954
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Important week for EURUSD
On Friday, EURUSD tested the resistance at 1,0610 and bounced back.
Now, the key question is whether this drop will have the strength to continue or if we will see a new bullish move.
Pay attention to the reaction at support levels and watch for a potential higher low.
This week brings significant news that will determine the next direction.
On Wednesday, U.S. inflation data will be released, followed by the ECB interest rate decision on Thursday.
AUDUSD speculative BUY as RBA Interest Rate DecisionAUDUSD currently traded in the downtrend movement. As we see in the weekly chart, the downshift movement starts from October as USD move stronger belong to strong economic data followed by investor's optimism of second Trump Presidential era.
Tomorrow, 10/12/24 RBA would give us signal about it's interest rate. Consensus is 4,35% and we may anticipate the movement if the actual data shows 4,35%. It may cause the upward shift as technical analyst see the movement already bounced from it's weekly trendline support. The upward correction movement would as high as 0.650xx using Fibbonacci Internal Retracement tools.
But, if the data shows us <4,35% it may cause more deep movement for the AUDUSD and we need to review again in further movement. I anticipated the movement and see BUY opportunity in this pair.
DXY seems going HIGHER as STRONG ECONOMIC DATATVC:DXY currently traded higher after strong economic data last Friday. NFP data told us that US labor market remain strong. We also can see at Tuesday Job Opening data which showed us "higher than expected - higher than previous month" and finally drives the price up. At the last speech, Powell also said that FED isn't in a rush condition to reduce the interest rate. All of this information gives more optimism to big player in the market to buy dollar.
Technical analysis in the picture tells TVC:DXY failed to make breakout movement below weekly trendline support and seems continue to move to it's last high around 106.75. If this resistance can't hold the price, it will be double bottom chart pattern and could move dollar to it's 22 Nov high around 108.xx
So currently i saw buy opportunity for dollar and sell opportunity in the counter currency of dollar.
XAUUSD SELLING ?? FIB REJECTION=PRICE DELFLECTIONIt seems that gold is struggling to break key Fibonacci levels. I think this is partly due to the volatility in the cryptocurrency market. In my opinion, there is a distinct correlation between Bitcoin rising and gold falling. While I don’t believe this trend will be permanent, in an uncertain financial climate, I think investors are still determining their "best bet." My bias is that gold will reject the 0.23 Fibonacci level and end up retesting support. This play could take a few days to set up.
ENTRY: 2685
TP1: 2653
TP2: 2618
TP3: 2584
TP4: 2561
SL: 2708
EURCAD Short SignalAnalysis: Why EURCAD is bearish
1. inversion fair value gap (IFVG):
Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active.
2nd Fibonacci retracement level:
The 70.5% level (1.49630) is a significant resistance area. These levels are often used to open short positions, especially when they coincide with other resistance indicators, such as the IFVG in this case.
3rd order block (OB-):
Price has tested a previous bearish order block (OB), which is also in the resistance zone. This area is often used as an entry point for sellers, as many sell orders are collected there.
4. structural reversal:
The recent move into the resistance area shows a clear reaction, indicating a possible reversal to the downtrend. As long as the price does not form significant higher highs, the overall structure remains bearish.
Conclusion:
EURCAD is showing clear signs of a bearish reversal. The IFVG area, Fibonacci resistances and the order block reinforce the case for a short position. A potential target could lie in lower support areas if the price continues to form low highs and lows.
Translated with DeepL.com (free version)
XAUUSD Short SignalAnalysis: Why XAUUSD is bearish
1. fair value gap incl. deep golden pocket (FVG):
The price has reached a fair value gap (FVG) incl. the cosequent encroachment and the deep golden pocket in the 2,717.53 area, which acts as resistance. Such untested liquidity areas are often used by sellers to take short positions. As long as the price remains below this area, selling pressure is likely to persist.
2nd Fibonacci retracement level:
The market is below the 50% Fibonacci retracement level (2,664.31), indicating a dominant downtrend. In addition, the area between the Fibonacci levels 0.705 (2,716.04) and 0.79 (2,737.48) is in a resistance zone that has already triggered selling on several occasions. This confirms the weakness of the buyers and the control of the sellers over the market.
3. break of structure (BOS):
A break of structure (BOS) is clearly evident. The market has formed both lower highs and lower lows, which is typical of a downtrend. This structural break signals that buyers are no longer able to maintain control and sellers are determining the market movement.
4. consolidation below the FVG:
After the sell-off, the price consolidates in a narrow range below the fair value gap. This consolidation shows that the market is gathering energy to execute a further downward impulse. Without a return above the FVG area, the market remains strongly bearish.
5th target area (take profit zone):
A potential price target is marked at 2,528.47, which is close to a strong support zone. This area could be defined by previous lows or liquidity zones and serves as a potential target point for sellers.
6. market momentum:
The weak retracements to the upside and the structure of the chart indicate clear downward momentum. Buyers are currently showing no strength to initiate a sustained countermovement.
Conclusion:
XAUUSD is showing a clear bearish bias supported by the break of structure, fair value gap and Fibonacci resistances. As long as the price remains below the 50% retracement and the FVG, a further sell-off towards the support zone at 2,528.47 is to be expected. Traders should favor short setups and monitor potential reversal signals at the lower timeframes.
USDCAD Analysis - Bullish - Trade 041. Seasonality
The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality.
2. COT Report
The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD.
3. Fundamental Analysis
LEI
The USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD.
Endogenous Factors
The endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD.
Exogenous Factors
Exogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD.
4. Technical Analysis
USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level.
Bias
The combined analysis suggests a bullish bias for USDCAD
Trade Plan
Entry: 1.40481
SL: 1.39756
TP: 1.41206
OM / USDT: constructive actions along support zone The uptrend (both macro and mid-term) looks strong and intact.
The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character").
While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70
Wishing you successful and profitable trading and investing decisions and thank you for your attention!
Update on ADAhello everybody.
tonight we have an update on Cardano and the price base on structure looks very bullish and could potentially go higher.
the price broke the recent structure and the green dots indicate our current range I also marked the liquidity above the demand zone and as soon as the price comes to the demand we will look at the price in the lower time frame and look for confirmation and if we saw one we can set an order and target the high of the range and catch a pretty good RR.
for now, we have to analyze the behavior of the price and see if it reaches our demand zone or not and be patient.
I will keep you updated.
tnx for reading <3
Profitable Silver Trading PlanAlexGoldHunter TVC:SILVER Technical Analysis and Strategies for Silver (XAG/USD)
Chart Analysis
Price Levels and Patterns:
Current Price: $30.9640
Resistance Levels:
$31.0775
$31.0313
$31.0219
Support Levels:
$30.9851
$30.9105
$30.8500
Technical Indicators:
RSI (Relative Strength Index): 45.38, indicating neutral to slightly bearish momentum.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line with negative histogram values, indicating bearish momentum.
Buy Strategy with Confirmations
Entry Point:
Consider buying when the price breaks above the resistance level at $31.0313 with strong volume.
Confirmations:
RSI: Should be above 50, indicating bullish momentum.
MACD: Look for the MACD line to cross above the signal line, confirming a bullish trend.
Volume Confirmation:
Ensure there is an increase in volume during the breakout, indicating strong buying interest.
Stop Loss:
Place a stop loss below the support level at $30.8500 to manage risk.
Take Profit:
Target the next resistance level around $31.0775 or higher, depending on risk appetite.
Sell Strategy with Confirmations
Entry Point:
Consider selling when the price breaks below the support level at $30.8500 with strong volume.
Confirmations:
RSI: Should be below 50, indicating bearish momentum.
MACD: Look for the MACD line to cross below the signal line, confirming a bearish trend.
Volume Confirmation:
Ensure there is an increase in volume during the breakdown, indicating strong selling interest.
Stop Loss:
Place a stop loss above the resistance level at $31.0313 to manage risk.
Take Profit:
Target the next support level around $30.9105 or lower, depending on risk appetite.
Summary
This chart shows a consolidating price action for silver with key resistance and support levels. The RSI and MACD indicators suggest a neutral to bearish momentum. A breakout above $31.0313 or below $30.8500 with corresponding indicator confirmations would provide potential buy or sell signals, respectively.
WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe)
Chart Analysis
Price Levels and Patterns:
Current Price: 67.10 USD
Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside.
Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level.
Support and Resistance Levels:
Support Levels:
67.10 USD (current price level)
67.02 USD
66.77 USD
Resistance Levels:
68.56 USD (target)
68.49 USD
68.29 USD
Technical Indicators:
Volume: Noticeable increase during recent price movements, indicating strong market interest.
RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity.
MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal.
Buy Strategy with Confirmations
Confirmation of Breakout:
Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation.
RSI Confirmation:
Ensure that the RSI is moving out of the oversold territory (above 30).
MACD Confirmation:
Look for a bullish crossover in the MACD indicator.
Entry Point:
Enter a long position once the price closes above the wedge with the above confirmations.
Stop Loss:
Place a stop loss below the recent swing low or the lower boundary of the wedge.
Target:
Set the target at 68.56 USD, as indicated on the chart.
Sell Strategy with Confirmations
Failure to Breakout:
If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position.
RSI Confirmation:
Ensure that the RSI is moving towards the oversold territory (below 30).
MACD Confirmation:
Look for a bearish crossover in the MACD indicator.
Entry Point:
Enter a short position once the price closes below the wedge with the above confirmations.
Stop Loss:
Place a stop loss above the recent swing high or the upper boundary of the wedge.
Target:
Set the target at the next support level, around 67.02 USD or lower.
By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
COIN Price Analysis: Key Levels and Targets
--If the price remains above $324.71 on a weekly basis, the first target is $355.55. A breakout above $355.55 would open the path toward the next target at $385.
--Should COIN close 5% above $385 and hold that level, the price could potentially reach higher levels, with price range and Fibonacci targets becoming achievable over the longer term.
--A close below $324.71 would shift the outlook, with $264 and lower levels as potential downside targets.
Sushi has reached my targetSushi has hit the target at the 3.618 Fibonacci level.
If you're in the trade, consider adjusting your stop loss to $2.239.
Should Sushi begin to retrace, it may find support around $2.05.
I remain bullish on Sushi, but we might see some downside or consolidation before it moves higher.
DYOR