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2024 Santa Rally and More - Up/Down/SidewaysIt's that time of year again. The final trading weeks of 2024 and the technical "Santa Rally" (trading through Christmas and New Year's) is upon us. Unfortunately the FED put a bit of a cap on the extremely optimistic and borderline euphoria that was bubbling over going into the FOMC Rate Decision. 100 bps of cuts, yet the US10Y (10 year yield) has virtually moved in the exact opposite direction. Inflation is now a concern and this is a big reason for the FED's "hawkish cut" in December. The market will have to figure out how 1-2 cuts in 2025 looks compared to 4-6 cuts that was anticipated. I don't think the 1 day FED move is enough of a correction to justify loading up on longs, so I'm looking for 200 EMA tests and better prices all around. If I don't get them, I suppose I'll just wait longer :) Happy Holidays to everyone Thanks for watching!!!
AMEX:SPY
by ChrisPulver
EURUSD SHORT POSITIONGreetings Traders this is my analysis for EURUSD . From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement. I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order. I expect that the price should update the nearest local minimum of the wave “3” 1.03350. I expect the price to reach at least the area of 1.02540 possibly short key level to 1.03072 I think the price will start a downfall to it might reach our potential target for a Downtrend and for a Sell Position Traders make your own analysis before trading. Please leave a Like,Comment and Follow! Thank you!
Short
by Zaks_ForexRules
HBAR FALLING WEDGE PATTERN!Key Observations: Descending Wedge Pattern: The price is forming a descending wedge, typically a bullish reversal pattern. A breakout above the upper trendline would confirm the bullish bias. Buy Zone: Highlighted near $0.25259–$0.26526, aligning with the lower wedge support and close to the 200 EMA. This zone is where buyers might step in for potential upside momentum. Resistance Levels: $0.31188, $0.33247, and $0.39109 are key resistance levels. These are likely profit-taking zones if the breakout occurs. 200 EMA Support: The price is trading near the 200 EMA, providing dynamic support at $0.23831. Oscillators: The ChartPrime oscillator shows bullish signals at the bottom, indicating the possibility of upward momentum building. Potential Scenarios: Bullish: If the price breaks above the wedge, the next targets could be: $0.31188 (first target) $0.33247 (second target) $0.39109 (final target) Volume confirmation is crucial to validate the breakout. Bearish: If the price breaks below the wedge and loses the $0.25259 support, it might retest the $0.23831 EMA or lower. Trade Strategy: Entry: Near the $0.25259–$0.26526 buy zone for a safer entry. Stop Loss: Below $0.25259, to avoid risk if the pattern fails. Targets: TP1: $0.31188 TP2: $0.33247 TP3: $0.39109 This setup aligns with a high-risk-to-reward ratio due to the descending wedge structure.
Long
by CHILL_TRADER99
Just In: NOTAI Surge 51% in 24 Hours Amid AI-Powered InnovationsThe cryptocurrency market is abuzz with the remarkable performance of $NOTAI, the native token of the NotAI ecosystem. Surging over 51% in the past 24 hours, this token’s rally coincides with the launch of the revolutionary NOTAI Social Assistant. Let’s delve into the technical and fundamental aspects driving this meteoric rise. What is NOTAI? NOTAI is a groundbreaking AI-powered Web3 infrastructure designed to simplify the integration of Web3 technologies for businesses and individuals. By bridging the gap between Web2 and Web3, NOTAI offers users access to decentralized systems with ease, leveraging AI to automate and streamline complex blockchain interactions. The Social Assistant Launch The recently unveiled NOTAI Social Assistant is a game-changer for the ecosystem. Marketed as a “very human assistant,” it boasts capabilities that cater to the needs of crypto enthusiasts and businesses alike: - Meme Coin Social Management: Automates social media tasks. - Content Creation: Generates impactful posts, threads, and visuals. - Scheduling: Publishes content seamlessly. With $NOTAI tokens required to unlock these features, the assistant’s launch has catalyzed increased demand for the token. Telegram Integration The NOTAI Telegram App further enhances accessibility, offering a familiar interface for engaging with blockchain projects, earning rewards, and completing tasks. Features like leaderboards and social ranking systems amplify user engagement, solidifying NOTAI’s foothold in the P2E gaming and Web3 space. Market Activity Despite the token’s success, $NOTAI remains a high-risk asset. With a market cap of $675.76K and a 24-hour trading volume of $10.62M (up 1195.57%), trading volume currently exceeds market capitalization. This imbalance signals heightened volatility and speculative interest. Technical Analysis $NOTAI is trading at $0.000075USD, marking a 45% increase in the last 24 hours. The token’s Relative Strength Index (RSI) sits at 67, indicating bullish momentum with room for further upward movement before reaching overbought conditions. Support and Resistance Levels - Immediate Support: Found at the 78.6% Fibonacci retracement level, offering a potential safety net during price corrections. - Key Resistance: The 23.6% Fibonacci level serves as the immediate selling point. Breaking above this level could establish new resistance above the 1-month high, signalling a continuation of the bullish trend. Trend-Based Outlook - A breakout above the current resistance could lead to a rally, supported by robust market sentiment and the ecosystem’s innovative offerings. - Conversely, persistent selling pressure might push the price back toward the 1-month low, providing a potential re-entry point for long-term investors. Conclusion The surge in $NOTAI’s price reflects growing confidence in its ecosystem, fueled by the launch of the NOTAI Social Assistant and its innovative AI-driven capabilities. While the technical outlook suggests bullish potential, the disparity between trading volume and market cap underscores the need for cautious optimism. As $NOTAI continues to carve its niche in the Web3 and P2E space, investors should monitor key support and resistance levels and consider the broader market’s volatility. With its cutting-edge features and strong community engagement, NOTAI is a project to watch closely in the evolving crypto landscape.
Long
by DEXWireNews
USD/JPY (24/12): Continuing UptrendToday, the USD/JPY pair is heavily influenced by the monetary policy of the Bank of Japan (BoJ). Although the current interest rate of the BoJ is 0.25%, the BoJ is expected to consider raising it to 1.0% by the end of 2025 if inflation and the economy improve. However, for now, the BoJ maintains a cautious stance due to global and domestic economic uncertainties. Japan's economy may continue to grow with increased consumption and wages, but it still faces the challenge of deflation. The USD/JPY exchange rate is currently rising slightly due to the significant interest rate differential between Japan and the US. On the 4-hour chart, the USD/JPY pair is in an uptrend. The nearest support level is 156.50; if the price falls below this level, a slight correction may occur, but the overall trend remains bullish unless there are major changes from the BoJ or global factors. If the USD/JPY rate stays above the 156.50 support level, this could present a buying opportunity, with the target approaching the nearest resistance level at 157.67. If this level is broken, the pair could continue toward the next target of 158.00 or even 160.00.
by Alisa_Rokosz
US30 Bearish King of Pips strategy and a bearish forecast for US30: Strategy Overview The King of Pips strategy is a technical analysis-based trading approach focusing on identifying trend reversals and continuations. This strategy combines multiple indicators and chart patterns to gauge market sentiment and predict price movements. Key Components Entry and Exit Points : Utilize candlestick patterns (e.g., hammer, shooting star) and indicator divergences. Risk Management : Set stop-loss orders and position sizing. Bearish Forecast for US30 Based on the King of Pips strategy, we anticipate a bearish outlook for US30: Trading Plan 1. *Entry*: Short US30 at $42,588. 2. *Stop-Loss*: $42,767. 3. *Take-Profit 1*: $42,506. 4. *Take-Profit 2*: $42,425 4. *Position Sizing*: 2% of account balance. Please note that this forecast and strategy are hypothetical and not investment advice. Trading carries risks, and you should consult your financial advisor before making decisions.
BLACKBULL:US30Short
by ForexGroup101
1
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y). This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave. It will most likely be followed by its renewal, but we will talk about it when the target is reached. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
7