$SPY December 10, 2024AMEX:SPY December 10, 2024
15 Minutes.
605 as expected was done.
Downtrend confirmed as long AMEX:SPY is below 607 levels.
607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08
This 606-607 is a level to short.
For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.
Soif 604 is broken today 599-600 is my target for today.
In daytime frame AMEX:SPY took support at 9 averages.
21 average is 598 levels.
For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.
We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.
Moving Averages
GoPro | GPRO | Long at $1.35NASDAQ:GPRO is a strong brand name, but with a dying userbase / lack of growth. The company has no major turnaround planned, but the chart is interesting. The stock seems to be currently consolidating as the historical simple moving average (white line) is working its way down toward the price - which often leads to a jump. Another candidate for the Santa Claus rally? Or, will the "value" lead to an acquisition? Nothing is guaranteed, but something may be brewing. While not a long-term "buy and hold" candidate for me (personally, unless the business changes or growth seems relevant), it looks very intriguing from a technical analysis perspective. Thus, at $1.35, NASDAQ:GPRO is in a personal buy zone.
Target #1: $1.70
Target #2: $2.00
Target #3: $2.50
Target #4: $2.88 (if some good news emerges...)
Fastly Fills the GapWeb-acceleration company Fastly hit a record low over the summer, but now there could be signs of a rebound.
The first pattern on today’s chart is the bearish price gap in May after the release of weak guidance. FSLY is now pushing into that gap, which could make some traders see potential for more upside.
Second are the lower lows and lower highs through August, followed by higher lows. That rounded bottom could suggest prices are done falling.
Third, MACD and the 50-day simple moving average are both rising. Is the direction turning more positive?
Finally, you have the bullish price gap on December 2 on an upgrade by Oppenheimer. (The analyst said FSLY may benefit from the recent bankruptcy of rival Edgio.) The surge pushed the stock above its May 14 high, the resistance level at the bottom of the May gap.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
$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.
Analyzing XRP: Will Technical Analysis and Whale Activity Lead tThis article analyzes the current state of the Ethereum market, focusing on its technical indicators and recent market trends. It discusses the potential for further price increases, highlighting the role of institutional investors and the overall market sentiment.
Key Points:
• Technical Analysis:
o Ethereum's price has formed a triple-top pattern, historically associated with potential downside.
o However, it has also broken above key moving averages and a rising trendline, signaling bullish momentum.
o The MACD indicator suggests a potential upward trend continuation.
• Institutional Demand:
o Increased institutional investment in Ethereum, particularly through ETFs, has contributed to its price rise.
o Grayscale Ethereum Trust (ETHE) has seen significant inflows, indicating growing institutional interest.
• Altcoin Season and Market Sentiment:
o The current altcoin season, characterized by strong performance of altcoins relative to Bitcoin, is favorable for Ethereum.
o The "extreme greed" level on the crypto fear and greed index suggests a risk-on sentiment, which often benefits Ethereum.
• Strong Fundamentals:
o Ethereum's leading position in DeFi, with a large total value locked and active DEX network, provides a solid foundation for its price.
o The dominance of stablecoins on the Ethereum network further strengthens its position.
o
Conclusion:
While the triple-top pattern raises some concerns, the bullish technical indicators, strong institutional demand, and positive market sentiment suggest that Ethereum has the potential for further price increases. However, investors should remain cautious and monitor the market closely for any signs of reversal. A drop below the $3,700 support level could invalidate the bullish outlook.
Is XRP Ready to Surge? A Deep Dive into Technical Analysis Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research or consult with a financial advisor before making any investment decisions.
XRP on the Rise: Technical Analysis and Whale Activity Point to Significant Gains
The XRP market has been steadily gaining momentum, with recent technical analysis and whale activity suggesting significant price increases in the coming days. It is predicted that XRP could surge to $5 within the next 72 hours, with a more conservative estimate of $8.00+ in the long term.
Technical Analysis: A Bullish Outlook
Technical analysis of XRP's price charts reveals a strong bullish trend. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling a potential upward breakout. The RSI, which measures the speed and change of price movements, is currently in the overbought zone, indicating strong buying pressure.
Furthermore, the MACD, which compares two moving averages to identify trend changes, has formed a bullish crossover, suggesting that the upward trend is likely to continue. These technical signals, combined with the recent surge in whale activity, have fueled optimism among XRP investors.
Whale Activity: A Sign of Confidence
Large-scale investors, often referred to as whales, have been actively accumulating XRP during recent price dips. This increased whale activity is seen as a positive sign, as it suggests that these experienced investors anticipate significant price appreciation in the future.
A recent transaction involving the purchase of $288 million worth of XRP by a single whale has further ignited speculation about a potential price surge. Such large-scale purchases can significantly impact the market, as they can help drive prices higher.
Expert Prediction: A Conservative Estimate
It is suggested that XRP could reach $8.00+ in the long term, as the cryptocurrency market continues to mature and gain wider adoption.
This conservative estimate is based on a number of factors, including the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). While the outcome of this case remains uncertain, many investors believe that a favorable ruling could significantly boost XRP's price.
Maintaining the Momentum: Key Factors
To maintain the current price rally, several key factors will need to come into play:
• Positive Market Sentiment: Continued positive sentiment among investors and traders is essential for sustaining the upward trend.
• Favorable Regulatory Environment: A favorable regulatory environment, particularly in the United States, could significantly boost XRP's price.
• Increased Institutional Adoption: Increased adoption of XRP by financial institutions and corporations could further drive demand and price appreciation.
• Strong Fundamental Performance: Strong performance of the underlying technology and network will be crucial for long-term growth.
In conclusion, the combination of bullish technical indicators and increased whale activity has created a strong bullish case for XRP. While short-term price predictions may vary, the long-term outlook for XRP remains positive, as the cryptocurrency market evolves and matures.
52 Week High Breakout - Positional Trade - Long TermDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
52 Week Breakout. Stock has Crossed 52 week High. Keep in watch list. Buy above the high. Suitable for Positional Trade. Stop loss & Target Shown on Chart. Stop loss Trail by 30 SMA. Exit if Price Close below 30 SMA on Weekly Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
UMAUSDT Short Setup / Futures TradeBINANCE:UMAUSDT
COINBASE:UMAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
3.66
3.53
3.41
3.29
3.13
🔴SL:
4.195
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
MLN - Looks like its readyMLN pumps hard when it does, but hasn't recently. This Inverted H&S is completing and the 50 EMA is crossing the 100 EMA, following the 200, so this looks like its a go pending BTC and ETH maintain stability. This may be a day or so out, but could be sooner.
*Not Financial Advice
swing strategy generated by chatgptThe Swing Strategy is a trading approach designed to capitalize on short- to medium-term price movements within a market. This strategy identifies opportunities where prices exhibit significant reversals or trend continuations, allowing traders to enter positions at opportune moments and exit as the momentum shifts.
Key Features:
1. Trend Identification:
• The strategy leverages moving averages to detect market trends and their reversals, focusing on price behavior around dynamic thresholds.
2. Dynamic Thresholds:
• Thresholds for buy and sell signals are dynamically calculated using metrics like ATR (Average True Range) and moving averages to adapt to market volatility.
3. Entry and Exit Points:
• Buy Signal: Triggered when prices cross below a calculated buy threshold or exhibit upward momentum after a stable reversal.
• Sell Signal: Triggered when prices cross above a sell threshold or when downward momentum signals a trend reversal.
4. Flexibility:
• Can be applied across various asset classes and timeframes, making it suitable for equities, forex, commodities, or cryptocurrencies.
5. Risk Management:
• Incorporates stop-loss and take-profit levels based on volatility and historical price patterns, minimizing losses and securing gains.
Objective:
The Swing Strategy aims to optimize returns by capturing the most profitable segments of price swings while avoiding market noise and overtrading.
Is Ethereum Poised to Reach $5,000? Analyzing Its Fractal JourneEthereum's Fractal Journey Towards $5,000: A Deep Dive
The Fractal Nature of Crypto Markets
The cryptocurrency market, much like any other financial market, is subject to cyclical patterns. These patterns, often referred to as fractals, are repeating structures that occur at different scales. Identifying and understanding these fractal patterns can provide valuable insights into future price movements.
Ethereum's Fractal Alignment with Bitcoin and XRP
Recently, Ethereum (ETH) has exhibited a remarkable price surge, aligning with similar fractal patterns observed in Bitcoin (BTC) and XRP (XRP).
Bitcoin's Influence on Ethereum
Bitcoin, often considered the "digital gold," has historically been a significant driver of the broader cryptocurrency market. As Bitcoin ascends to new heights, it often pulls other cryptocurrencies, including Ethereum, along with it.
• Correlation and Co-movement: Bitcoin and Ethereum have shown a strong correlation in recent years, especially during bull markets. As Bitcoin's price increases, it can lead to increased investor interest in Ethereum and other altcoins, driving their prices higher.
• Market Sentiment and FOMO: Bitcoin's bullish momentum can create a positive market sentiment, attracting new investors to the cryptocurrency space. This influx of new capital can fuel demand for Ethereum and other altcoins, pushing their prices higher.
•
Ethereum's Fractal Alignment with XRP
A fascinating development in the cryptocurrency market is the emerging fractal pattern between Ethereum and XRP. Both cryptocurrencies have recently broken out of similar symmetrical triangle patterns.
• Symmetrical Triangle Pattern: This technical analysis pattern often indicates a period of consolidation before a significant price movement. Once the price breaks out of the triangle, it can lead to a substantial price increase or decrease.
• XRP's 390% Rally: XRP experienced a remarkable 390% rally after breaking out of a symmetrical triangle pattern. This historical precedent suggests that Ethereum could follow a similar trajectory, potentially leading to a significant price surge.
•
BlackRock's ETH ETF: A Catalyst for Growth
BlackRock, one of the world's largest asset management firms, recently filed for an Ethereum ETF. This move has the potential to significantly impact the price of Ethereum.
• Institutional Adoption: BlackRock's entry into the Ethereum market could attract more institutional investors to the cryptocurrency. This increased institutional interest can lead to higher demand for Ethereum, driving its price higher.
• Increased Liquidity: BlackRock's Ethereum ETF could increase the liquidity of Ethereum, making it easier for investors to buy and sell the cryptocurrency. Increased liquidity can help to stabilize the price of Ethereum and reduce volatility.
Ethereum's Potential Price Target: $5,000
Based on the aforementioned factors, including the fractal patterns, Bitcoin's influence, XRP's recent rally, and BlackRock's ETH ETF, it's not unreasonable to speculate that Ethereum could reach a price target of $5,000 in the near future.
However, it's important to note that the cryptocurrency market is highly volatile, and price predictions should be taken with a grain of salt. A variety of factors, including global economic conditions, regulatory developments, and technological advancements, can impact the price of Ethereum.
Technical Analysis: A Deeper Dive
To gain a more comprehensive understanding of Ethereum's potential price movement, it's essential to delve deeper into technical analysis.
• Relative Strength Index (RSI): The RSI is a momentum oscillator that measures the speed and change of price movements. A high RSI reading (above 70) indicates that the asset is overbought, while a low reading (below 30) indicates that it is oversold.
• Moving Averages: Moving averages are trend-following indicators that smooth out price data over a specific period. A popular moving average combination is the 50-day and 200-day moving average. A bullish crossover occurs when the 50-day moving average crosses above the 200-day moving average, indicating a potential uptrend.
• Support and Resistance Levels: Support and resistance levels are price levels where the price of an asset has historically struggled to break through. These levels can provide valuable insights into potential price targets and reversal points.
•
By combining technical analysis with fundamental analysis, investors can make more informed decisions about investing in Ethereum.
Conclusion
Ethereum's recent price surge, coupled with the emerging fractal patterns and the influence of Bitcoin and XRP, suggests that the cryptocurrency has the potential to reach significant price targets. However, it's important to approach investing in cryptocurrencies with caution and conduct thorough research. As the cryptocurrency market continues to evolve, it's essential to stay informed about the latest trends and developments.
$TSM textbook bull flag breakoutI originally entered calls at 181 when TSM wicked off of the bottom trendline and 100 Sma with nearly all momentum indicators signaling a reversal to the upside. I closed my positions at the top trendline as TSM continued to move upwards breaking out of the bull flag, intending to reenter when price retested this level. Well, we got that opportunity yesterday (Dec 6) and so I sized back in accordingly. Although the momentum indicators are at or close to overbought levels, I believe TSM has significant legs to push higher on this textbook bull flag. I intend to scale out at 205 and sell at 212 with a stop loss at 199.
BITCOIN, next move into classic Wycoff or will the bubble burst?The Market Monkey Team takes a look at BITCOIN for December 6-7 2024.
The strong bullish breakout for #BITCOIN breaking through the $100 000 suggests some more bullishness in the short term, but likely to go into longer term distribution and selling in 2025.
Watch video to view our analysis of #BITCOIN
Cheers
MM Team
- Money see, money do
The Road Map to 50K ETHI believe Ethereum will be the tokenization network of the future and the road map to 50K by 2026 is intact.
Ethereum's development roadmap presents a bullish outlook, emphasizing scalability, sustainability, and security. The shift to Proof-of-Stake (The Merge) reduces energy consumption by 99%, appealing to eco-conscious stakeholders. Upcoming milestones like Danksharding and rollup-centric scaling aim to massively increase transaction throughput while lowering costs, ensuring user adoption. Enhanced security with features like withdrawal credentials and MEV resistance fortify the network. Ethereum's continuous evolution, developer engagement, and dominance as the foundation for DeFi, NFTs, and Web3 applications position it as a cornerstone of the blockchain future. ethereum.org
I still believe Ethereum could surpass bitcoin market cap in the next 10-20 years due to real yield, network volume, and deflationary supply projections. The future is still bright and it's very early.
Laggard RBNUSD 150% move likely in rotation to ETH ecosystemAs ETHBTC is close to confirming a bottom by closing above 0.041 on the Weekly, and with ETH pushing north of EUROTLX:4K , we're seeing some laggards beginning to gain momentum with outsized upside potential. The ETH ecosystem has opportunity. #ribbonfinance #RBNUSD could push 2x gains over the next few weeks as the RSI is 60 and rising, with the 10WMA sloping up and recently crossing the 20WMA. Use the Fibonacci extension levels as take profit guides, trimming on the way up to a higher consolidation level. Don't sell too early. Wait for RSI to move into overbought territory and flatten out before trimming the majority of your position.
WLD | Identity SpaceWorldcoin, a token by ChatGPT founder Sam Altman, is looking good here. The MA-50 is about to cross the MA-200 upwards, a golden cross and bullish sign. The optimal entry would have been in the green box, but if you are not too price sensitive, an entry now could also make sense.
XEM Possible Comeback & Takeover!#NEM is one of the classic "dinosaur" cryptocurrencies. I previously analyzed it and expected further decline, but my analysis was incorrect.
As long as it stays above $0.0147, I believe it has the potential to keep rising. Passing $0.0625 would possibly target a new ATH.
#XEM