Chart Patterns
btcusd on bearish reverse below 92130#BTCUSD on multiple reverse, now we exercise drop below 92130 for longer sell till 90k-89k but market price sell can start at current price ,above 93800 buy can still move. Overall move on #BTC can take correction if price falls 92130 back to 93k-94k. Selling at 92130, SL 92800 TP 90k 89k
nifty view for 24/12/24Daily Time Frame
Price is moving around 200 MA and price might take support from here
20 EMA is moving below 50 EMA and RSI is bearish
Hourly Time Frame
20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance
RSI is bearish
MACD is in bull's favor
15 min Time Frame
50 EMA can act resistance
RSI is also bearish
ONLY MACD in bull's favor
overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
Gold H4 Long / Short AnalysisGold Price Analysis: Buying Opportunity Arises!
The gold price is consolidating below $2,600, nearing a one-month low. However, with the Fed's cautious policy easing, a potential buying opportunity arises.
We've identified two potential trading opportunities in the gold market:
SELL Opportunity
Sell Gold at: 2652
Target: 2610
Stoploss: 2660
BUY Opportunity
Buy Gold at: 2605
Target: 2700
Stoploss: 2600
Stay ahead of the market with our expert analysis!"
Best wishes Tom 😎
BTC turns down from high position
BTC is still in a five-wave downward structure, and the overall trend is bearish. Since yesterday, it has been in a weak adjustment stage in the short term, and the price fluctuation has significantly weakened. 92000 below is still a strong support level. If it falls below this position, it may pull back to the starting area of the previous rise, further confirming the bearish trend. In the short term, the 4-wave low point above forms a strong suppression. If the price fails to break through this resistance, the short-term idea is still dominant.
If you have not entered the market yet, you can consider looking for short-selling opportunities in the rebound of the 95000-95600 range, and the stop loss is set near 97000. The downside targets are TP92000, TP88000 and TP86000 respectively.
In general, although the short-term price fluctuation has decreased, the weak adjustment trend has not changed. It is still necessary to pay attention to the performance of key support levels. Breaking through these supports may accelerate the callback process.
If you have different opinions, please leave your views. Like and leave a message. Thank you for your support!
$USUAL - One of the Top DeFi TokenUSUAL (usualmoney) skyrocketed, with a massive 644% increase in just one month since it hit the market.
Usualmoney is like an on-chain version of Tether or Circle, but it actually shares its revenue with token holders.
Usual is all about issuing stablecoins backed by real-world assets (RWA), and they're big on giving back to their community through the USUAL token.
We're seeing a huge shift in RWA stablecoins, with $USUAL hitting 1B dollar in TVL thanks to backing from Binance and Kraken. Binance Labs threw some serious cash at $USUAL, investing in @usualmoney.
No doubt, this is one of the top DeFi tokens out there.
TECHNICAL OUTLOOK:
Price failed to break its ATH and is now gently correcting.
It would be a perfect entry if we can retest the 4-hour demand around 0.87 to 0.80, in confluence also with our golden zone fib level.
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
Why NVDA was not a good candidate for Selling Short last weekBy Friday last week in NASDAQ:NVDA , Support of the Market created an inside day to reversal rebound white candle that engulfed, indicating that the minor drop down out of this trading range was just that: a minor slip of price to below fundamental levels.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.
Price target $35 remaining underweight for FY 2025- Ugly draw downs for NASDAQ:PLTR next year.
- Fundamentals don't support the rosy valuation. Stock is priced more than perfection.
- Investors expectations are way to high and will met with disappointment in upcoming quarters in FY 2025
- FY 2025 will likely trap bulls and lead to severe corrections at much lower levels than Twitter bulls claiming PLTR to the moon 100+
#USDT Dominance: Don't FOMO! Here's Why!A rejection on the daily chart has led to a strong performance in altcoins, while BTC is steadily approaching the $100K zone, currently sitting at $98K. A break below the blue EMA, which is being tested now, could result in further continuation.
However, a bounce might mark the end of this Christmas rally.
For those experiencing FOMO, it’s better to hold on and wait. Of course, you’re free to make your own decisions, but in my opinion, patience is the best approach.
I hope you're enjoying the holidays!
Make sure to reduce screen time and spend quality moments with your family and friends.
Stay tuned for more updates!
Do hit that like button if you found my updates helpful in any way.
Thank you
#PEACE
GME Bullish 4H Ascending Triangle After making good profits as a TSLA bull when it was forming the same pattern battling $360s resistance before a breakout run to all time highs, I am now paying close attention to GME which is forming a very similar pattern.
A weekly bull flag is trying to confirm, and there is little resistance in the mid FWB:30S to mid $40s. This certainly would be the ideal time for Mr. Kitty to drop a tweet and spark a move.
Another small note is Wall Street Bets has been trying to short squeeze TLRY the last couple days.
Bitcoin (BTC): Re-Test of Resistance Zone / Sellers DominatingAfter catching 14-15% of market price movement last week, we had since then made a successful re-test of that local resistance zone, and above that, we formed so far some kind of fakeout move (resulting in an ATH).
We are now looking for a possible break of previous low zones, which would send price back to even lover zones, so we wait!!
Swallow Team
AAVE/USDT Technical Analysis$AAVE/USDT Technical Analysis
CRYPTOCAP:AAVE is currently trading at $335.94, reflecting a +5.32% gain for the day. The price is consolidating within a symmetrical triangle pattern, indicating potential for a breakout. A bullish move above the triangle could set the stage for significant upside, targeting higher levels.
Support Zone (Long Entry): $271.50
Target 1 (T1): $432.51
Target 2 (T2): $533.51
Target 3 (T3): $628.49