Spy Trade UpdateWe have been trading in a ascending wedge for the pass week. 586.12 has been a strong area to break. we are also loosing buying power with in this pattern. The pattern is a daily and 4 hour trend that has strong respect.
Chart Patterns
CADCHF: Long Trade with Entry/SL/TP
CADCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy CADCHF
Entry - 0.6220
Stop - 0.6207
Take - 0.6244
Our Risk - 1%
Start protection of your profits from lower levels
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Zackusdt trading ideaZACKUSDT has broken down from a descending triangle pattern, with a pullback testing the neckline zone. The plan is to follow the downtrend toward the projected target, as indicated on the chart, with potential for buying accumulation at the final setup zone.
This chart illustrates a continuation pattern, supporting a bearish outlook until target levels are reached.
MOG Coin Eyes 126% Breakout with Cup-and-Handle Pattern As Bitcoin sustains dominance over $72,000, the meme coin market is reviving with a notable uptick. Among these, MOG Coin has emerged as a standout, leveraging both technical patterns and community-driven appeal to generate bullish momentum. Currently trading at $0.00000210459, MOG Coin ( TSXV:MOG ) has made impressive strides, posting a 13.03% increase in the past 24 hours and showing signs of an impending breakout. Here’s a look at both the technical and fundamental drivers behind MOG’s rise and the potential for substantial growth in the near term.
Technical Analysis: MOG Coin’s Cup-and-Handle Breakout on the Horizon
The daily chart for MOG Coin presents a classic cup-and-handle pattern with a neckline at $0.000002355. This pattern is often regarded as a bullish continuation signal, and with four consecutive bullish days pushing the coin closer to the neckline, the chances of an upward breakout are high.
In the past week, MOG Coin ( TSXV:MOG ) has increased by nearly 32% from its seven-day low of $0.000001599, reclaiming the psychological $0.0000020 mark. This trend, along with the following factors, suggests bullish potential:
- Moving Averages: The 20, 50, 100, and 200-day EMAs are all aligned bullishly, indicating strong buying momentum.
- MACD: The MACD and Signal lines are set for a bullish crossover, while the bearish histograms have begun to decline, confirming increasing buying pressure.
- Fibonacci Levels: The cup-and-handle neckline aligns with the 100% Fibonacci level at $0.000002355. A breakout here could push MOG Coin ( TSXV:MOG ) to the 1.618 Fibonacci extension level at $0.0000047623, marking a potential 126% increase. Should this scenario play out, MOG may target the psychological $0.0000050 mark, affirming an ongoing bull trend.
The RSI at 65 suggests further bullish momentum, especially if Bitcoin’s rally continues, as meme coins often mirror major trends. However, traders should note the downside support level of $0.000001845 as a pivot in case of any pullback.
Fundamental Analysis
MOG Coin’s Unique Position in the Meme Coin Landscape
MOG Coin isn’t just another entry in the meme coin space; it’s quickly establishing a reputation as a standout, with a mission to dominate the internet through viral, humor-driven content. MOG has successfully tapped into the cultural appeal of memes while building a robust, community-focused following that champions humor and creativity.
With a circulating supply of 390.5 trillion MOG coins and a market cap of $848.9 million USD, MOG Coin ranks #78 on CoinMarketCap, reflecting its popularity and widespread adoption. MOG is highly traded, with a 24-hour trading volume of $43.5 million USD, showing strong liquidity and interest among investors.
What sets MOG Coin apart from other meme projects is its unapologetic focus on viral content and meme culture. The project positions itself as more than just a coin; it’s a movement, rallying a community of “meme warriors” committed to creating high-quality, engaging content. This dedicated fanbase reinforces MOG’s market resilience, supporting its price action even in the volatile meme coin segment.
Market Sentiment and Future Prospects
The broader market for meme coins is looking promising as Bitcoin’s sustained gains drive bullish sentiment across altcoins. With a meme coin market cap above $63 billion and rising interest in speculative assets, MOG Coin appears well-positioned to attract continued attention.
According to MOG Coin’s developers, the project’s aim is to disrupt the crypto space by prioritizing meme-driven virality and cultivating a “meme lifestyle.” As the platform grows, it’s likely that this bold approach to community engagement will attract even more traders, content creators, and meme enthusiasts, further reinforcing MOG’s value.
Conclusion
With strong technical signals and a unique brand, **MOG Coin offers an enticing opportunity** for traders looking to capitalize on the meme coin rally. The potential **126% gain** from a cup-and-handle breakout and the broader bullish trend among meme coins suggest that MOG could be in for significant price appreciation.
For traders and meme enthusiasts alike, MOG Coin’s rally could mark the beginning of a new wave in the meme coin landscape. Keep an eye on the $0.000002355 neckline and Bitcoin’s price action, as these will likely dictate the coin’s next move.
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside.
Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
$NFLX NASDAQ:NFLX is in the middle of the wedge. Looking for break either side. Downside has good R/R ratio than the upside.
Is the wait over after more than 3 years? BTC.D% at resistance?Well,I now personally many old traders have waited for btc dominance to reach 60+% .That is when we start scaling into alt-coins which have potential ,especially like Sui and many AI driven coins. Perhaps we can start scaling .Alt-coins have been crushed by btc surge but their time is around the corner .My personal idea is btc would hit 88 to 90K with btc dominance about 65% .Then money will start flowing to lower caps.We can start scaling into alts from now on and hence increase as btc dominance increases from now with my 60% allocation at 65% of btc dominance .
What do you guys think?
Current Chart on BitcoinWe are trying to get above the breakout from March 2023. I added resistance lines and trend lines, with all of what going on in the news and the election I would think we break out here in a few days or less.
SMCI Down to $300 by NovemberAs part of my market crash thesis where we see a crash into October/November, SMCI should hit $300 in Q4.
XAUUSD BUY MODELPrice shifted external structure after reacting from a daily Fair value gap. on the 4H, price formed a breaker block plus a bullish order block...so I expect price to mitigate the Breaker block + Order block targeting $2800 level next
USDCHF Under Pressure! SELL!
My dear subscribers,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8694 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8668
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
XAUUSDGrabbed a great thursday on the 4h extension here. waiting for demand zone to hit and give a good trade for the friday session. monthly should give some good hopes lets esee
AUD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the AUD/JPY with the target of 100.544 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
SPY Just a follow up on SPY TA .We have been trading in a ascending wedge for the pass week. 586.12 has been a strong area to break. we are also loosing buying power with in this pattern. The pattern is a daily and 4 hour trend that has strong respect.
Tech costs hurtingFollowing on from Alphabet’s better-than-expected earnings report on Tuesday evening, Microsoft and Meta Platforms were the next two ‘Magnificent Seven’ constituents to update the market. Both companies reported after last night’s close, and both managed to disappoint investors in slightly different ways. Microsoft beat expectations for both earnings and revenues. But it issued a downbeat outlook for future growth which saw the stock drop 4% in early trade. Meta also posted revenues and earnings above those forecast. But user numbers came in light and the company warned that infrastructure expenses were set to soar due to spending related to generative AI. The stock fell 5.5% on the news, but has pared some of those losses this morning. The news has put investors on edge as they await results from Apple and Amazon after tonight’s close. Other significant earnings reports are due today from Uber and Intel. Meanwhile, Merck was up over 1% after announcing solid third quarter earnings and revenues, helped by sales of its cancer drug Keytruda. Sentiment towards tech hasn’t been helped by the sell-off in Advanced Micro Computers which dropped 8% earlier this week on an earnings miss, and following a slump of 37% in Super Micro Computers after the resignation of its auditors. US stock index futures are on the backfoot this morning, led by the NASDAQ which is down 1%. This follows a negative session yesterday which saw modest losses for all the majors. On the economic data front, today sees the release of weekly Unemployment Claims together with Core PCE, the Fed’s preferred inflation measure. Back in the summer, this hit its lowest level in over three years at 2.6% year-on-year. But it has ticked up since then, which, should it do so again today, may persuade the Fed to hold off from cutting rates in December. The probability of a 25 basis point cut at next week’s meeting is unlikely to be affected, as it stands at 96%, according to the CME’s FedWatch Tool. Yesterday, the first look at Q3 GDP came in at 2.8% annualised, and below the 3.0% expected. But there was an unexpected jump in ADP Payrolls, although it is tomorrow’s official Non-Farm Payrolls which are of greater importance as far as investors are concerned. But investors look slightly rattled for now. Further bad news on tech earnings could see more shredded nerves and a tendency to sell first and ask questions later.
Support 1st and then break through resistance Looks like DKNG will find support 1st at about $35.15 and then it will probably test resistance at about $39.24. Earning is in 8 days and I believe positive earnings will push it past $39.24 to $42 to $45 range.
TESLA looking spicy! also thank you for 11,000 followers ❤️🔥boost and follow for more 🤝tesla bulls holding the line at support zone, and QQQ looks ready for another bull run soon. I think we will head higher to 201-240-246 from here.
old trend support may turn into new resistance in the next rally.. so watchout for that. 👀 thank you to everyone that's been following me for years or if you are just following starting this week. I appreciate y'all ! road to 12,000 now :) see you soon.❤️🔥
MRK-NYSE longterm view"Merck reported a mixed third quarter update on Thursday, cutting guidance even as earnings topped market expectations." according to barron^s.
However, the balance sheet is still solid and MRK entered an area where it presents a good Buy opportunity especially for Dividend portfolio's that want a good Av_Px.
the second quarter report still cast a shadow though. some good news from China market will boost the stock to higher ground with 99.27 to be the crusial point for a major turn to bearish mode.
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release.
Pre-Data Release Gold Trading Strategy:
Entry Range: Short gold between 2780-2782
Take-Profit Target: 2772
Stop-Loss: 2790
Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
GBPUSD_110 2024.10.31 13:01:04 Trading Signal SELLFrankPro Signal for GBPUSD_110
Type: Screen
Signal: SELL
TP: 1.28912
SL: 1.29896
Entry Price: 1.29773
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Down
ST=Down LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure.
* The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline.
**Long-term (next few weeks/months):**
* The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases.
* However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis.
In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal.
Result: ST=Down LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD exchange rate:
**Short-term (next few days):**
The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement.
**Long-term (next few weeks/months):**
The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair:
**Short-term (next few days):**
* The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend.
* The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline.
* However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited.
**Expected short-term price movement:** Down (targeting 1.2900)
**Long-term (next few weeks/months):**
* The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend.
* The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook.
* However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility.
**Expected long-term price movement:** Up (with potential for further volatility)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
