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Myro/USDT Price Analysis: Potential Bullish Reversal with TargetBased on the chart you've provided, here is an analysis of the Myro/USDT (presumably a memecoin) price action and potential trade setup: Support Zone: The green rectangle around 0.09557 represents a support area. This zone has likely acted as a support in the past and could serve as a strong level for potential reversals or entry points for buyers. Moving Average (Green Line): There’s a moving average line on the chart, which appears to represent a trend indicator. The price is currently below this line, indicating a bearish trend or resistance zone. However, if the price moves above this moving average, it could signal a shift to bullish momentum. TP-1 and TP-2 (Take-Profit Targets): TP-1 is marked at 0.12821, which is the first potential resistance level. If the price reaches this point, it could be a good opportunity to take partial profits. TP-2 is marked at 0.16610, which represents a second, higher take-profit level. This is likely based on historical resistance or key Fibonacci levels.
Long
by bullanceprime
1
November, Scenarios In the October issue of Scenarios , we introduced two bullish scenarios — “Triangle” and “Diagonal” — which differed in the depth of their corrective moves. Ultimately, the first scenario prevailed. Today, we see a similar setup: two bullish scenarios once again, each varying in terms of potential correction depth. To the right, the October “Triangle” suggests that either the initial growth impulse has concluded, or — in a highly favorable case — an upward extension is developing. To the left is the scenario of a completed Diagonal, though a different type than in October, originating from the 52,550 mark. This scenario anticipates a deeper correction, potentially below 59K, before growth resumes. Currently, several market factors could favor a corrective scenario. The BTC Fear and Greed Index has dipped slightly to 75 points; however, this is still a high level, signaling the need for correction. Additionally, sell-offs have commenced in the U.S. market, as anticipated in our “November Surprise” idea . Iran has vowed to strike Israel before the U.S. elections. Meanwhile, despite high approval ratings, Trump might face barriers to re-election, which could trigger an immediate price pullback.
Short
by Nickonomics
1
JPM Consolidating Near All-Time HighsFollowing its latest earnings release, JPM is consolidating tightly near its all-time highs, showing relative strength by holding steady even as the broader market pulls back. Notably, the price action is resisting the distribution marked by the red line on the RSI. It’s worth mentioning that the first time JPM hit $225 in August, it saw a sharp pullback to the $200 range. This time, however, it’s holding above the earnings gap-up range. If you’re bullish on the market, this stock is definitely one to keep on your radar.
NYSE:JPMLong
by onlytrade2win
US100 Trade LogTrade Setup (31/10/2024) - US100 Long in 1H FVG 1. Setup: Enter long within the 1-hour Fair Value Gap (FVG), which serves as a potential demand zone for an upward move. 2. Entry strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Confirmation: Look for bullish reversal patterns, such as a strong rejection wick or bullish engulfing candle, within the 1H FVG to confirm entry. 3. Stop-loss and take-profit: - Place stop-loss just below the lower boundary of the 1H FVG to limit downside risk. - Set take-profit at twice the distance of the stop-loss for a 1:2 RRR. 4. Additional considerations: - Be aware of market-moving news or data releases that could impact US100 volatility. - Ensure price action within the FVG indicates strong buying interest before entering. This setup aims to capitalize on potential bullish momentum within the 1H FVG as a support zone.
PEPPERSTONE:NAS100Long
by Fondera-Trading
3
Early Short entry EURUSDNice confluance at 200 EMA and 1.8000 level, gave a worning to sell the EUR, H1 gave us a power close for early entries. At the end off day if we get a nice power close from the sellers, my confidance rating will justify a short on EURUSD. Technical analysis is only conformational step to these positions. A breif description of key factors behind this Position. Recent macroeconomic trends and central bank policies support a bearish outlook on EUR/USD, with fundamental factors converging to strengthen the USD while weakening the EUR. 1. Divergent Central Bank Policies 2. Growth and Inflation Differentials 3. Geopolitical Risks 4. Market Sentiment and Positioning **Conclusion**: The EUR/USD pair appears primed for a short position based on strong USD fundamentals against Euro weakness. This trade capitalizes on the economic and policy divergence between the U.S. and Eurozone and the USD’s safe-haven appeal amidst uncertain global conditions.
Short
by JureBrumen
1
Opening (IRA): USO December 20th 65 Covered Call... for a 62.41 break even. Comments: High IVR/IV (79/51) plus weakness. Adding a rung to my USO position out in December at break evens better than what I currently have on. Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 62.41 Max Profit: 2.59 ROC at Max: 4.15% 50% Max: 1.30 ROC at 50% Max: 2.07% Will generally look to take profit at 50% max; look to roll out the short call on test.
AMEX:USOLong
by NaughtyPines
Chasing the Sun! JinkoSolar Shines Toward $38.39 with Big UpsideJinkoSolar is displaying strong bullish momentum, with a gap forming around the $22 level. A breakout above the $30.77 resistance would confirm further upward movement, positioning the stock to reach the $38.39 weekly resistance. With a favorable 3.16 risk-to-reward ratio, this trade offers a solid opportunity for short-term gains, while risk is managed with a stop-loss at $21.00. In the longer term, JinkoSolar’s bullish outlook could extend further to $61.27, supported by the company’s leadership in the global solar energy market and rising demand for renewable energy solutions. With governments worldwide accelerating their commitment to green energy, JinkoSolar’s expanding production capacity and innovative solar technology make it a compelling player in this sector. For those looking at the longer-term horizon, a $17.00 stop-loss provides a safeguard while aiming for the larger target. This combination of technical momentum and favorable market fundamentals supports a bullish push toward $38.39 in the short term, with potential to reach $61.27 in the longer term.
NYSE:JKSLong
by The_Trading_Mechanic
202241101 NQThe scenario for today is on the chart. The initial downside ss raid move is very anticipated to create more damage to the retail. Those who were late for shorts yesterday will open shorts on the breakthrough during ss raid that will create a lot of bs liquidity and facilitate the next move to the upside. That is narrative for today. I would like to see some upside => downside reversal to make ss raid => upside reversal for the main move. The possible +DOL in this case can be d vi It is very high risk environment and NFP event at 10am can create huge moves in both sides. It is better to be patient and wait for the initial move to provide some clue.
CME_MINI:NQZ2024
by Yoo_Cool
GER40 Trade LogTrade Setup (31/10/2024) - GER40 Long in 4H FVG 1. Setup: Enter long within the 4-hour Fair Value Gap (FVG), identifying this zone as a potential support area for a bullish move. 2. Entry strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Confirmation: Look for bullish reversal signals or strong support within the 4H FVG, such as a bullish candlestick pattern or rejection wick. 3. Stop-loss and take-profit: - Place stop-loss just below the lower boundary of the 4H FVG to manage downside risk. - Set take-profit at twice the distance of the stop-loss to maintain a 1:2 RRR. 4. Additional considerations: - Monitor European market sentiment and any upcoming economic news that could impact GER40. - Wait for clear bullish signs within the FVG to ensure a higher probability of a successful trade. This approach focuses on capitalizing on potential bullish momentum if price finds support in the 4H FVG.
PEPPERSTONE:GER40Long
by Fondera-Trading
Bitcoin Stays True to “Uptober” with 11% Pop. What Happens Next?Bitcoin BTC/USD saw elevated demand in October as the surge nearly led to a new all-time high. Now the looming US election on November 5 is shaping up as a catalyst for growth, depending on who gets to become President of the United States. Bullishness is in the air. The OG token — Bitcoin BTC/USD — pumped hard in yet another October. Staying true to the “Uptober” tradition , BTC added 11% over the month, kicking it all the way up to more than $73,000 , just a few hundred bucks shy of its record high logged in March . The powerful surge is now taking a breather with prices diving back under the $70,000 threshold. But not for long, according to some analysts who are already living post November 5. What’s that? It’s the biggest event of the year — economically, politically, and … cryptolitically ? Gloves on, bell rings, the main event is here — in the blue corner is Democrat Kamala Harris facing her red-shorts opponent, Republican Donald Trump. The current Vice President and the former President are squaring up for the top spot in American politics. And both have vastly differing viewpoints on crypto. If we were to play favorites, it’s fair to say that Donald Trump is winning the hearts of the crypto faithful. Throughout his rallying and campaigning, he’s made it clear that he believes in Bitcoin’s growth potential. What’s more, he’s embraced digital assets in general and wants to see the market thrive in the world’s biggest economy. The promises don’t stop there. Trump has vowed to make the US the “crypto capital of the world” and dig out all the remaining Bitcoins from within US grounds. He also pledged to set up a Bitcoin strategic reserve and fire Securities and Exchange Commission Chair Gary Gensler, who is seen as a roadblock to future crypto growth. Hence the so-called “Trump trade,” which has been propelling the orange coin to higher places. On the other end of the spectrum is Kamala Harris who has adopted a warm, but not that warm stance toward crypto. She’s all about casting a sweeping regulatory framework over the industry. The Democratic candidate has vowed to “encourage innovative technologies” like digital assets. Still better than President Joe Biden’s crackdown on the sector. More interestingly, Trump has recruited a key player on his team. Elon Musk, the world’s richest guy (depending on the day) and CEO of Tesla TSLA , is a major donor to Trump’s campaign. He is looking to potentially get employed by the government as head of — can you guess? — Department of Government Efficiency, or DOGE (a nod to Musk’s beloved coin). "I will create a government efficiency commission tasked with conducting a complete financial and performance audit of the entire federal government," Trump said at a rally back in September. “I look forward to serving America if the opportunity arises. No pay, no title, no recognition is needed,” the eccentric billionaire wrote on his X platform . How is that bullishness trickling into the markets? Besides the obvious price leap, options traders are ramping up their bets for $80,000 Bitcoin by the end of November. Implied volatility on November 5 is elevated — BTC options flag a 30% chance of a 10% swing in the price. Stay cool, stay ready. On the ETFs front, exchange-traded funds that hold genuine Bitcoin and offer spot trading pulled in around $4 billion of net new money in October. The biggest winner of all 11 spot BTC ETFs is the BlackRock-owned iShares Bitcoin Trust, which holds more than $26 billion in assets. Traders broadly (not just the crypto space) may be pricing in a Trump victory and scooping up some of the assets that are likely to do well under his term. But while Trump is ahead in prediction markets, he’s neck-and-neck with Harris in the national polls, making Election Day all the more uncertain. With that said, Bitcoin is up 57% on the year, outperforming other large-cap assets, such as gold XAU/USD , up 35% in a stellar year of its own , and the S&P 500 SPX , up 20% year to date, also enjoying lots of buying appetite . Whose side are you on and do you think we'll see a huge swing in the price of Bitcoin come November 5? Share your thoughts below!
Editors' picks
BITSTAMP:BTCUSD
by TradingView
18