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Correction

What if.... what if we have a yield curve that hasn't been inverted this much in 40 years what if we've enjoyed 15 straight years of bull markets what if this is just the start of the correction what if I told you that I've tested 50 indicators and identified that this correction (on a weekly scale) thus far has matched identically to the START of the dot com bubble (on a daily scale)- March 2000 to June 2000 what if I told you that if you scale the duration of start of the dot com crash to this correction, this correction would be 5.9 X the duration of the dot com bubble and this correction will end it 4.5 years. I'd encourage you to examine the start of the dot com bubble from March 2000 to June 2000 (daily scale) and compare to the current weekly Nasdaq technicals and see for yourself. I hope this isn't the case, but what if... Good Luck
NASDAQ:NDX
by CuzinSam
📈ETHUSDT Price correction scenario📉BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. According to the recent growth of Ethereum and other altcoins, as well as the fall of Dominance below the level specified in the last idea, there is a possibility of price correction at the same time as the fall of Bitcoin. Price divergences are marked on the chart Don't forget to risk-free your position. Consider the impact of the jobless claims on Thursday. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
NVDA: A Dangerous Pattern Appears.• NVDA is doing a pullback to its 21 ema, which is a normal movement. The problem is that this correction is occurring after it found a strong resistance at 280; • This could be the beginning of a Double Top chart pattern. In order to trigger this pattern, NVDA would have to lose the 263 support line, which is the previous bottom area; • In this scenario, NVDA would seek the 244, the next support line; • In order to avoid this bearish thesis, it is important to see NVDA doing a bullish reaction, preferably above the 21 ema, and breaking the 280 as soon as possible; • So far, it seems NDA is just doing some range trading between its two key support/resistance lines. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
Daily BTC 4HChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price has fallen below the local uptrend line. Let's start with the support line and as you can see we have the first strong support at $ 27798, however if the price falls below the support we can see a correction around the next strong support at $ 25824. Now let's move to the resistance line, as you can see the first resistance is $ 29155, if it breaks down the next resistance will be $ 29709, the third resistance will be $ 30165, the fourth resistance will be $ 30602 and then the fifth resistance at $ 31236. Looking at the CHOP indicator, we see that any collected energy is quickly used up, the MACD confirms the downtrend, while the RSI has crossed the lower limit of the range, which can give you a moment of breath.
by cryptodailyuk
1
📈BTCUSDT Price correction scenario📉BINANCE:BTCUSDT COINBASE:BTCUSD Hey everyone, first take a look at my previous analysis and positions. According to the recent growth of Bitcoin at the same time as Dominance fell below the level specified in the latest analysis, there is a possibility of price correction at the same time as this cryptocurrency falls. Price divergences are marked on the chart Don't forget to risk-free your position. Consider the impact of the jobless claims on Thursday. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
even more correction needs for future gain ❌🧨Hello 🐋 the price again entered to the parallel channel ✔️ if the price doesn't break the resistance zone to the upside and just complete the retest, we will see more correction, at least to our lower trend line ❌🧨 otherwise we can see more gain to upper resistance level ✔️🚀 for any other huge pump, we need more correction 📖📖📖📖📖 if breakout of the lower support zone be completed, we can see more correction to the downside ❌🧨 brief amount of green candlesticks to the upside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Short
by MadWhale
9
Daily ETH 4HChart - resistance and supportHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is staying above the local uptrend line. Let's start by drawing a support line in a situation where the correction will deepen, the first support in the near future is TSE:1942 , if the support is broken then the next support is HKEX:1915 , HKEX:1895 and $1871. Now let's move on to the resistance line, as you can see the first resistance is TWSE:2029 , if you manage to break it, the next resistance will be TSE:2072 , TSE:2107 and $2140. Looking at the CHOP indicator, we see that the energy has been used up on the short interval, the MACD confirms the local downtrend, while the RSI shows a strong rebound to the lower end of the range, which can give some rest.
by cryptodailyuk
1
BTC Analysis of the current correctionHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use blue lines to mark the local uptrend channel in which the BTC price is moving. At this point, it is worth looking at the EMA Cross 10 and 30, which confirm the return to the local downtrend, but on the volume, which also indicates a definite advantage of sellers, we can observe that this volume is quite low. Now we can move on to marking support areas in case of deepening of the current correction. And here we see that the price is just before the support at $ 29359, then we have the second support at $ 28850, then there is a strong support zone from $ 28314 to $ 27570, if the zone is broken the next support is at $ 26635. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. The first resistance is at $ 29696, then we will mark the resistance zone from $ 29947 to $ 30660 when it is broken, and the next resistance is at $ 31045. Further we can see an increase to around $ 32117. Please pay attention to the CHOP index which indicates that the energy has been used in the current correction, the MACD indicator confirms the ongoing local downtrend, while the RSI has a strong rebound, which may indicate that the current correction will start to slow down.
by cryptodailyuk
2
Short-Term Market Fluctuations: Analyzing the NQ CorrectionIn this article, I'll explore the recent decline in the Nasdaq 100 (NQ) index from the 13,200 level, focusing on its corrective nature and potential implications for short-term price action. By examining the 15-minute timeframe chart and considering the impact of tomorrow's scheduled economic release , we can gain insights into possible market moves and make more informed trading decisions. Identifying the Corrective Nature of the NQ Decline From 13,200, the NQ has experienced a decline that appears corrective rather than impulsive. If you examine the 15-minute timeframe chart, you'll likely concur with this assessment. The current targets for this correction sit around 13,000 or as low as 12,980. Considering the Impact of Economic Releases on Short-Term Price Action What makes me skeptical of further short-term downside is the fact that economic data is set to be released tomorrow morning at 8:30 AM in premarket trading. If the NQ continues its decline to complete the correction, it's probable that we will witness a significant upside move following the release of the data. Analyzing the Initial Move and Providing Actionable Information My concern with the initial decline is that it consisted of three waves, rather than a clear five-wave impulse. For now, I'm ruling out the possibility of a major downside move tomorrow. Unlike some traders who provide vague content and only reveal their "conditional" orders after the fact, I aim to offer actionable information beforehand. If the NQ drops into the 8:30 AM release tomorrow, we are more likely to see an upward move. Conversely, if the index rises overnight, we can expect a downside move following the data release. Understanding the corrective nature of the NQ's recent decline and factoring in the impact of upcoming economic releases can help us better navigate short-term market fluctuations. By providing actionable information ahead of time and adapting my analysis as needed, we can make more informed decisions and improve our trading outcomes. Keep an eye on the NQ's price action as we approach tomorrow's data release and adjust your trading strategy accordingly.
CME_MINI:NQ1!Short
by bitdoctor
Ripple Is Making A Correction Within UptrendRipple is making a correction within uptrend, as we see it slowing down in wave 4 from Elliott wave perspective. Ripple with ticker XRPUSD is finally breaking higher in the 4-hour chart in an impulsive fashion. And, now that is back above September 2022 highs, there’s a high probability it’s in wave (3) of a five-wave bullish impulse. Well, currently we see it slowing down within wave 4 correction before the uptrend for wave 5 of (3) resumes. Ideal support comes here in the 0.48 – 0.44 zone. Once a correction fully unfolds, be aware of a bullish continuation up to 0.70 area or higher. Not sure if you noticed, but yesterday we had a webinar here on Tradingview, in which we covered ETH and BTC, so check the recording if you are interested.
BITSTAMP:XRPUSD
by ew-forecast