Fibonacci
Eos is resurrected, but for how long?⁉️ If the “mastodons” of the crypto market, such as LSE:CRV NASDAQ:DASH CRYPTOCAP:LINK CRYPTOCAP:LTC CRYPTOCAP:XRP CRYPTOCAP:XLM (write your own version) and even NYSE:EOS , woke up and started growing, is this a sign of the end of the alt-season?
The OKX:EOSUSDT price has reached a critical level. Now buyers will face a difficult task - to keep the price above $0.70
If they succeed, then we can start dreaming about continuing growth to $2 and $3 in 2025, respectively.
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DON’T MISS THE NEXT BIG MOVE IN BITCOIN!Price is currently in a tight consolidation between the price of 99860.00 and 90682.58 after the strong bullish trend developed in regards to Trump emerging US President. In my view, Bitcoin has the possibility to trade to $124k price before the year ends. If we continue the technical outlook of the chart by placing a fibo extension from the recent low (67,838) to ATH (99,860) and back to (90,862) we can see the 100% fibo extension level price lies pretty nice at $124k. This shows a high tendency of price to attain that high.
Don’t miss out! Position yourself to take advantage of the move
Bitcoin Short: End of 5-wave structureThis is a bias idea. I purposely look for a potential way that Bitcoin could have ended and could never reach $100,000. Wave Structure wise, this analysis conforms to all the rules of Elliott Wave so even though it is bias, it is valid structurally.
There are 2 things that is not ideal in this wave count:
1. Primary wave 3 (black number) has a truncated 5th sub-wave.
2. Primary wave 5's sub-wave 3 (green wave) has a sub-wave 5 that is extended instead of sub-wave 3.
Take note that while these are irregular occurrences, they are valid and allowed in Elliott Waves.
Perhaps the most important thing in this analysis is that wave 5's subwave 5 = subwave 1 (see blue Fibonacci Extension).
Nazara Tech: Weekly Rounding Bottom Breakout with Volume!🚀 Nazara Tech: Weekly Rounding Bottom Breakout with Volume! 🚀
Current Market Price: 1049
Stop Loss: 890
Targets: 1218, 1390
Nazara Tech is showing signs of a bullish breakout from a weekly rounding bottom pattern, supported by strong volume. The stock has begun a Fibonacci reversal with a solid close above the 38% level, and base consolidation has occurred around the 900 support mark. If Nazara Tech closes above 1218 (62% Fibonacci level), it will confirm the continuation of an uptrend.
📉 Risk Management: Ensure to manage your risk with a stop loss at 890.
📊 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions.
#MarketAnalysis #NazaraTech #TechnicalAnalysis #RoundingBottom #Breakout #InvestmentOpportunities #FibonacciLevels
EURAUD BUY SETUP1️⃣ Demand Zone Reaction
The price is currently in a clearly defined demand zone, where we’ve seen strong buying interest in the past. This zone has already shown signs of holding support, making it an ideal area to look for a long position.
2️⃣ Volume Profile Confirmation
The volume profile shows increased activity near the demand zone, indicating significant interest from buyers in this area.
3️⃣ Fibonacci Confluence
The demand zone aligns with the golden pocket area (61.8%–78.6%) of a Fibonacci retracement, adding strength to this level.
4️⃣ Bullish Momentum Potential
There are signs of rejection from lower levels, with wicks and candles showing hesitation in breaking lower, suggesting bullish momentum may build from here.
5️⃣ Liquidity Grab
The price recently swept the lows, grabbing liquidity from weak hands before a potential move to the upside.
Trade Plan:
Entry: 1.61900 (current demand zone).
Stop Loss: 1.61600 (below the demand zone and liquidity sweep).
Take Profit Levels:
TP1: 1.62500 (local resistance).
TP2: 1.63000 (higher timeframe resistance zone).
Bias:
The overall market structure remains bullish, with price expected to continue upward after this retracement.
Reminder:
Always manage your risk. Use proper position sizing and wait for confirmations if needed.
The BANK NIFTY futures chart is signalling critical levels🚀 Attention NSE and StockMarketIndia traders!
The BANK NIFTY futures chart is signalling critical levels you don't want to miss. We've got a strong resistance around 53,160, marked by a Fibonacci retracement level at 0.618 level.
This level has been tested multiple times, showing the market's hesitation to break through. If we see a close above this level with volume, it could indicate a bullish breakout, targeting the next Fibonacci level at 0.786. On the downside, watch the 52000 supports, which aligns with the 0.382 Fibonacci retracement level.
A break below this could lead to a deeper correction, potentially testing the psychological 50,000 mark before finding a base.
As the Fibonacci retracement shows the compelling price swings between the levels of 0.382 & 0.5 at the horizon. The Fibonacci time-based extension predict the price movement at the vertical time frame.
Volume spikes are crucial here; increased volume on upward moves could validate a bullish scenario, while high volume on declines would suggest a bearish continuation.
Stay vigilant, set your stop-losses wisely, and be ready for volatility. The market is at a pivotal point. Follow @stocktechbot for continuous updates and insights.
XRPUSD on the Rise: Positioning for Profits with X1X2 AnalysisXRPUSD is currently positioned for a bullish breakout, and I’m excited to share my analysis using the X1X2 methodology to capture potential long opportunities.
In my approach, I will leverage probabilities to strategically get positioned for long entries.
Key Fundamentals Supporting the Bullish Bias
Several fundamental factors are contributing to this bullish outlook:
- Legal Clarity: Recent developments in regulatory clarity surrounding cryptocurrencies are fostering a more favorable environment for XRP, which is crucial as it aims to expand its use case in cross-border payments.
- Increased Adoption: There’s growing interest from institutional investors and partnerships that enhance XRP's utility within the financial ecosystem.
- Market Sentiment: The overall market is experiencing a resurgence, with Bitcoin's recent price action influencing altcoins positively, including XRP.
With the combination of technical analysis and supportive fundamentals, there’s a compelling case for entering long positions.
Let’s stay informed and ready to capitalize on the opportunities ahead!
Feel free to share your thoughts or questions below!
1M:
2W:
4H:
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
NQ Power Range Report with FIB Ext - 12/2/2024 SessionCME_MINI:NQZ2024
- PR High: 21004.00
- PR Low: 20952.50
- NZ Spread: 115.0
Key scheduled economic events:
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Maintaining previous week's range near the highs
Session Open Stats (As of 1:15 AM 12/2)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 289.09
- Volume: 26K
- Open Int: 273K
- Trend Grade: Bull
- From BA ATH: -1.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 21525
- Mid: 20954
- Short: 19815
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Key levels for EURUSD
EURUSD is currently in a correction following the impulsive drop after the elections.
Trading at these levels may continue throughout the month.
Keep an eye on whether the current drop will push below 1,0500 or if it will start rising directly toward the 61,8 level.
This week, the NFP (Non-Farm Payrolls) data will be released on Friday during the US market opening.
XRP.usd eyes on $2.3 then 2.47: Genesis fibs and TP's for swing This is a follow-up to my previous Dip-Entry plan (click).
We got a perfect entry off the Golden fib marked above.
Some profits already booked, looking at next two targets
XRP is now vertical, in a manner representing a blow-off top.
Just blew through a Golden fib that may need retesting soon.
Next two fibs should be watched closely, expecting a dip there.
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Previous Idea that gave the PERFECT etnry:
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$SPY December 2, 2024AMEX:SPY December 2, 2024
15 Minutes.
AMEX:SPY is tired. 603 targets achieved. But no strength.
The move from low 595.20 to 603.35 is not smooth.
Soe the last rise fro, 587.43 to 603.35 $ SPY need to hold 598 levels being 38.2% retracement.
For the last rise 597.28 to603.35 599 must hold.
I expect AMEX:SPY to be 598.5 to 603 levels today and tomorrow so the moving averages can up as 200 moving average is around 596 levels.
Holding 598-599 my first target is 605 levels.
BTC Price Analysis: Key Buy and Sell StrategiesAlexGoldHunter BITSTAMP:BTCUSD Technical Analysis and Strategy for Bitcoin (BTC) on BITSTAMP (15-Minute Interval)
Current Market Structure:
Price Levels:
Current Price: $97,883
High: $98,115
Low: $97,801
Key Levels:
Resistance: Around $98,061
Support: Around $97,213 and $96,992
Break of Structure (BOS):
Multiple BOS points are marked, indicating significant shifts in market structure.
Change of Character (CHOCH):
CHOCH points are marked, indicating potential reversals.
Fair Value Gaps (FVG):
Several FVGs are marked, indicating areas where price may return to fill gaps.
Indicators:
RSI:
The RSI is around 57.98, indicating neutral to slightly bullish momentum.
MACD:
The MACD lines are converging, suggesting potential changes in momentum.
Volume Profile:
High volume nodes are visible, indicating areas of significant trading activity.
Buy Strategy
Confirmation:
Wait for a bullish CHOCH or BOS above the current resistance level ($98,061).
Ensure RSI is above 60, indicating strong bullish momentum.
Look for price to fill any nearby FVGs below the current price, indicating a potential retracement before a move up.
Entry:
Enter a buy position once the price breaks above the resistance level with strong volume.
Place a stop-loss below the nearest support level ($97,213).
Target:
Set a target at the next significant resistance level or based on a risk-reward ratio of at least 2:1.
Sell Strategy
Confirmation:
Wait for a bearish CHOCH or BOS below the current support level ($97,213).
Ensure RSI is below 40, indicating strong bearish momentum.
Look for price to fill any nearby FVGs above the current price, indicating a potential retracement before a move down.
Entry:
Enter a sell position once the price breaks below the support level with strong volume.
Place a stop-loss above the nearest resistance level ($98,061).
Target:
Set a target at the next significant support level or based on a risk-reward ratio of at least 2:1.
Conclusion
This chart shows a detailed analysis of Bitcoin's price action with multiple technical indicators and annotations. The buy and sell strategies provided are based on key levels, market structure, and confirmation from technical indicators. If you need further assistance or have more questions, feel free to ask! 😊
Gold CFDs: Strategic Buy and Sell InsightsAlexGoldHunter FXOPEN:XAUUSD Technical Analysis and Strategy for CFDs on Gold (USD/OZ)
Technical Analysis:
Price Action and Trend Lines:
The chart shows a downtrend with lower highs and lower lows, suggesting bearish momentum.
The price is currently around $2,635.779, showing a slight decrease of 0.651 (0.02%).
Support and Resistance Levels:
Resistance Levels: $2,659.460, $2,655.641, $2,655.604, $2,647.680.
Support Levels: $2,622.765.
Volume Profile:
High trading activity around $2,650.000 suggests strong support/resistance at this level.
Indicators:
RSI (Relative Strength Index): 37.87, indicating approaching oversold conditions.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, with a bearish crossover and both lines trending downward.
BOS (Break of Structure): Multiple annotations indicating significant price movements breaking previous support or resistance levels.
FVG (Fair Value Gap): Areas where the price moved rapidly, leaving gaps that might be filled later.
ChoCH (Change of Character): Indicates potential reversal points.
Buy Strategy with Confirmations
Entry Point:
Look for a reversal signal around the support level at $2,622.765.
Confirmations:
RSI below 30, indicating oversold conditions.
Bullish candlestick pattern (e.g., hammer, bullish engulfing) near the support level.
MACD bullish crossover (MACD line crossing above the signal line).
Volume increase on bullish candles.
Stop Loss:
Place a stop loss slightly below the support level at $2,622.765.
Take Profit:
Set initial take profit at the nearest resistance level, $2,647.680, and adjust based on price action.
Sell Strategy with Confirmations
Entry Point:
Look for a continuation of the downtrend after a pullback to resistance levels around $2,647.680 or $2,655.604.
Confirmations:
RSI above 70, indicating overbought conditions.
Bearish candlestick pattern (e.g., shooting star, bearish engulfing) near the resistance level.
MACD bearish crossover (MACD line crossing below the signal line).
Volume increase on bearish candles.
Stop Loss:
Place a stop loss slightly above the resistance level at $2,655.604.
Take Profit:
Set initial take profit at the nearest support level, $2,622.765, and adjust based on price action.
This analysis provides a comprehensive view of the current market conditions and potential trading strategies based on technical indicators and key levels. If you have any further questions or need additional analysis, feel free to ask! 😊
Monday trading session's key Trading levels & scenariosKey Levels to Watch:
1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block).
2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block).
Scenarios to Consider:
1️⃣ Bullish Continuation
If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can enter too.
2️⃣ Liquidity Sweep
Price might retrace to $2,640 area, sweeping liquidity near support before resuming bullish momentum.
Wait for price to grab liquidity below $2,645 and look for reversal signs, MSS on M1 is my usually confirmation.
Targets:
For both scenario the target is $2,665 (supply zone).
If a bearish scenario take place at opening, I will not be trading right away, I will observe and re-adjust my plan.
Always wait for confirmation before entering trades and manage your risk carefully. The market can be unpredictable, so adapt as price action unfolds.
What’s your view? Feel free to share your thoughts below!