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SOL 6H. Solana Heading to $400 in the Medium Term. 12/12/24The asset price is currently stabilizing within the $222-$204 range, which could serve as a critical support zone. Support is the level where the price tends to bounce back as buyers step in aggressively, holding the price at this level. In the short term, I’m considering a buy position targeting $260, which marks the upper boundary of the current range. For me, this is strictly a near-term goal. In the medium term, I anticipate Solana trading between $300 and $400. To put it clearly and concisely: I expect further growth for #SOL and do not foresee the price dropping below $204. DYOR.
Long
by trendbooster
POPCAT 1D. From Meme to Moon. 12/12/24The market went into the expected correction, but no one anticipated it would happen so quickly. As a result, the technical analysis of traders worldwide was effectively nullified. Those who thought otherwise simply guessed correctly—it's as simple as that. There's no point in justifying or looking for imaginary reasons for this drop. The expected shakeout of retail traders occurred, and we just need to accept it, forget it, and move forward. Given our targets for POPCAT, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $1.0887 - $0.9877. The nearest target is $1.7550. DYOR.
Long
by trendbooster
WIF. A Hidden Gem Ready to Explode! 12/12/24Given the targets we have for WIF, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $2.539 - $2.236. The nearest target is $4.3. Dogwifhat (WIF) is a meme coin on the Solana blockchain. The token is inspired by a photo of a Shiba Inu dog wearing a pink knitted hat. The token's name is a deliberately misspelled phrase "dog with hat." I’ve held onto these "dog coins" on spot for a long time, waiting for the moment when a new ATH would be set. There was a lot of doubt and criticism from other market participants about WIF until now, but not from me. In my opinion, we’re seeing the same scenario play out again, and the outcome will be the same—a new ATH. The correction is only temporary and will soon be forgotten as the unstoppable growth begins. DYOR.
Long
by trendbooster
TNSR 1D. The Next Big Governance Asset on Solana. 12/12/24Tensor Protocol is an autonomous protocol on Solana that NFT marketplaces can use to access deep liquidity and connect their users with other NFT traders. Tensor.trade, the leading NFT trading platform on Solana, is built on the Tensor Protocol. TNSR is the governance token of the Tensor Protocol. TNSR holders can vote on proposals related to protocol development, including the use of the community budget. Currently, the entire market is in correction, offering excellent opportunities to find new entry points. The project is quite promising, with significant growth potential. Even from the current levels, a 2x return is realistic. A potential strategy is to invest 50% of the desired volume at the current price and place two additional limit orders of 25% each in the range of $0.6269 - $0.5454. The nearest target is $1.3412. DYOR.
Long
by trendbooster
2024-12-11 - priceactiontds - daily update - wti crude oilGood Evening and I hope you are well. tl;dr wti crude oil futures - Neutral. Having a hard time being bullish inside trading ranges and unexpected moves higher. Volume is utter trash and yet market broke above last weeks high and the bear trend line. Bulls want 71 next but I would not be surprised if we go down to 68 or even 67 again. comment: Daily chart shows the trading range which is still contracting but the very small break above last weeks high is a start for the bulls. Buying at previous resistance inside a trading range is always a bad trade. I’d rather wait if bulls come around big time on a pullback and see if it has strong momentum and can break above 70.5. current market cycle: trading range key levels: 67 - 71 bull case: Bulls made a small higher high and now want 71 next. The rally is not particularly strong and the volume is also atrocious. I don’t have many arguments for the bulls here. Invalidation is below 66.27 bear case: Bulls have not printed more than 2 consecutive bull bars for almost 2 months now. Bears see that, previous resistance 70.5 from last week and still a bear trend line close enough. They have much more reasons to sell this, than bulls have for buying it. Invalidation is above 70.6. short term: Neutral. I wait for one side to gain momentum again but my bar for the bulls is higher than for the bears. I don’t have an opinion on where this goes next. For me it’s 50/50 if we go down to at least 69 or higher to 71. medium-long term - Update from 2024-11-10 : Unless an event comes up, this will very likely close around 70 for the year. current swing trade : Nope trade of the day: Tough. Long was obviously right but there were so many trend lines that could have been resistance, it was much more reasonable to not take the longs than to hope for a breakout above multiple trend lines.
NYMEX:MCL1!
by priceactiontds
2024-12-10 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Beautiful bear channel and you should trade it until it’s clearly broken. We are going down but it’s weak selling. Bears barely get lower prices, even on increased volume. Means that there is also much scaling into longs for probably another big leg up. current market cycle: Bull trend - very late and we are in the very last stage of it key levels : 21000 - 21700 bull case: Bulls are keeping the market two sided, since the channel is shallow. Market closed only 80 points lower than yesterday. As long as bulls have strong pull backs in between, they are fine and they can scale into longs and make money. Bears have to take profits at new lows in fear of another big pull back higher. That is why we are mostly moving sideways, despite making lower lows and highs. Invalidation is a daily close below 21000. bear case: Bears are trying on increased volume but they are not doing enough damage to the bulls, to make more cover or prevent them from buying new lows. Bears can’t sell 21400 because we can easily test back up to the top of the channel. If bears are strong, they will keep it below 20500 tomorrow but I highly doubt that. I do think the high 21606 will hold. Trade the channel. Invalidation is above 22000. short term: Bullish for 21500ish. Maybe 21530. I favor one or two more legs down before Friday’s close. As of now with the structure we have, I can only imagine that we will see another full melt up from next week into year end. Maybe 22000. If this closes 2024 below 21000, consider me surprised big time. medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000. current swing trade: Nope trade of the day: Selling near 21600 was perfect. Bears showed strength in that area and once we broke below 21540, market never looked back.
CME_MINI:MNQ1!Long
by priceactiontds
2024-12-10 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish but only until 2740ish. Bulls broke strongly above 2700 and the triangle is dead. Next stop is previous resistance around 2743. I do expect a pullback first, since the channel is obvious. Chart shows the preferred way for me. comment : Bulls are in control again. My chart is very clear, so I won’t try to make stuff up in here. 2678 should not be broken again and next target for the bulls is 2743ish. I expect a pullback down to 2710 or even 2700 before another leg up. If we break above the current channel, we will likely print 2800 before end of Friday. current market cycle: trading range key levels: 2680 - 2745 (above that is 2800 next) bull case: Chart tells the whole story for the bulls. Don’t make this more complicated as it is. Any pullback below 2710 is a decent buy with stop 2678. Invalidation is below 2678. bear case: Bears gave up once they could not reverse the market below 2670 again after y close and the early test down to 2683 in the EU session. Invalidation is above 2745. short term: Bullish. Look for longs near the lower channel line or 1h 20ema. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Buying the double bottom near 2680.
COMEX_MINI:MGC1!Long
by priceactiontds
Price Gap Examples - Bitcoin FuturesSharing for educational purposes only. █ Three Types of Gaps There are three general types of gaps: Breakaway Gap Runaway (or Measuring) Gap Exhaustion Gap █ 1 — The Breakaway Gap The breakaway gap usually occurs: At the completion of an important price pattern. At the beginning of a significant market move Examples: After a market completes a major basing pattern, the breaking of resistance often involves a breakaway gap. Breaking major trendlines signaling a reversal of trend may also involve this type of gap Key Characteristics: Heavy volume often accompanies breakaway gaps. They are typically not filled (or only partially filled). In an uptrend, upside gaps act as support areas on subsequent corrections. A close below the gap is a sign of weakness. █ 2 — The Runaway or Measuring Gap The runaway gap forms: Midway through a trend (uptrend or downtrend). Indicates the market is moving effortlessly, usually on moderate volume. Key Characteristics: In an uptrend, it signals strength. In a downtrend, it signals weakness. Acts as support or resistance during subsequent corrections. Why "Measuring" Gap? It often occurs at the halfway point of a trend. By measuring the distance the trend has already traveled, the probable extent of the remaining move can be estimated by doubling the amount already achieved. █ 3 — The Exhaustion Gap The exhaustion gap appears: Near the end of a market move. Key Characteristics: Occurs after objectives have been achieved and other gap types (breakaway and runaway) have been identified. In an uptrend, prices leap forward in a final push but quickly fade. Within a couple of days or a week, prices turn lower. █ Conclusion By understanding the types of gaps and their characteristics, traders can better interpret market signals and anticipate potential trends or reversals. █ Source: Murphy, John J. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications. New York Institute of Finance, 1999. Chapter 4, "Price Gaps," pp. 94-98.
CME:BTC1!Education
by kingthies
1
GOLD increased in the short term, approaching an important levelOn the Asian market, OANDA:XAUUSD Spot delivery suddenly increased sharply in the short term. Gold price is once again close to the edge of the price channel, a relatively "dangerous" position for technical bearish expectations. Currently the increase is about 7 USD during the day and gold is trading at 2,667 USD/oz as of the time this article was completed. OANDA:XAUUSD spiked on Monday, mainly due to the People's Bank of China resuming gold purchases after a six-month pause and significantly increasing market expectations that the Federal Reserve will cut interest rates next week , further promoting optimism. Heavy central bank buying has been one of the main drivers pushing gold prices to new highs this year, along with monetary policy easing and geopolitical tensions. CME Group's "FedWatch Tool" shows an 87% chance the Fed will cut interest rates by 25 basis points next week, up from just under 70% last week. Zero-coupon gold performs strongly in low interest rate environments and often attracts investors during times of political and economic uncertainty. Analysis of technical prospects for OANDA:XAUUSD The current position of the technical price of gold in general has not broken the bearish outlook with the price channel still holding strong, however, gold also has initial conditions for the possibility of price increase. With EMA21 now the closest support having been broken above yesterday's trading session. Meanwhile, the RSI Relative Strength Index is also trying to move above the 50 level. The fact that the RSI can maintain operations above the 50 level is considered a positive signal for the bullish outlook. During the day, the technical outlook for gold prices is still quite neutral as it is not completely tilted towards a specific trend, with the price channel still being the current main trend. In case the price channel is broken on gold there is a slight upward trend with the target then around 2,693 USD the price point of the 0.382% Fibonacci retracement, more than the original price of 2,700 USD. Along with the above analysis, notable points will be listed as follows. Support: 2,663 – 2,644 – 2,634USD Resistance: 2,676 – 2,693 – 2,700USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2679 ↨ →Take Profit 2 2674 BUY XAUUSD PRICE 2644 - 2646⚡️ ↠↠ Stoploss 2640 →Take Profit 1 2651 ↨ →Take Profit 2 2656
OANDA:XAUUSD
by Xayah_trading
PORTAL 1D. 3 Simple Orders to Catch the Portal Wave. 12/10/24Portal (PORTAL) is revolutionizing the gaming landscape by creating a Web3 distribution platform that bridges the gap between games and gamers across multiple blockchain networks. This innovative platform features Portal Pay, a cross-chain liquidity layer that enables users to pay with any tokens while allowing merchants to receive their preferred tokens. All fees generated by Portal Pay are used to purchase PORTAL, seamlessly integrating economic incentives into the ecosystem. The project is promising, and the current correction provides an excellent investment opportunity. Consider using three limit orders to buy: $0.4200, $0.3600, $0.3000. Targets: $0.8272 $1.5517 $2.1411 What you decide to do, however, is entirely up to you. DYOR.
Long
by trendbooster
2024-12-09 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Weekly outlook on point. 20506 was the max and we have seen the start of profit taking today. I expect 20200 to be hit tomorrow or Wednesday but it will be a choppy way to get there. We have an ugly head & shoulders on the 30m/1h tf and the measured move goes to around 20200. Close is always close enough. It’s possible that we retest 20500 before another leg down, so don’t short the lows, unless there is a clear and strong break below. dax futures comment: Clear trading range 20300 - 20500 until we strongly break above or below. Bears closed at the lows, which is good for them and fits with my weekly outlook. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case: As long as bulls keep it above 20300, they are good. They want to keep the market in a tight trading range near the ath. That’s about it. Got no higher targets for you. 20500 is beyond insane but we can go higher if we see another Santa rally after the pullback. Invalidation is below 20280ish. bear case: Bears want to print lower highs and trap late bulls. If they strongly break below 20300 tomorrow, we could see some acceleration to bigger support. The poor structure between 19700 and 20300 is one giant spike that wants to be filled. For now I take it level by level. 20300 and then see if we can do 20200 and 20000 after. Invalidation is above 20520. short term: No bigger interest in shorting now lows but rather pullbacks, as long as we make lower highs. 20200 is my first target and if we go above 20400 again, I would only short 20500 again or on really strong momentum. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: 20478 was previous resistance and the open was 20480. Shorting it was the trade of the day.
EUREX:FDXSZ2024
by priceactiontds
2024-12-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Don’t short new lows because this is not a strong bear trend. Wait for pullbacks. I’d be surprised if we hit 6100 tomorrow but I can’t rule it out. My next bear target is 6035 for tomorrow and there is a good chance we print 6000 or lower this week. sp500 e-mini futures comment : Strongest bull bars that late in the trend? Tough. I have two higher targets still. First is the bull trend line to around 6160 and second is a measured move target to 6300. Bears are doing nothing but it’s also unlikely that we just continue higher in this tight of a channel on the daily chart. Market is on it’s last legs up and these windfall profits will get taken off the table before they disappear. You don’t get bullish this late in a trend, you get cautious. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls did not much today to fight it. Profit taking was expected and I can’t see many bulls buying 6035 but rather waiting for 6000. Not much else to I can come up with here. Invalidation is below 6000. bear case: Bears want to test 6000 and the daily 20ema near the bull trend line. 3 Perfect reasons to expect 6000-6030 to be hit tomorrow/Wednesday. I do not expect market to just sell off but rather hurt many traders on both sides first, by chopping back and forth. Perfect for bears would be to stay below 6084. Invalidation is above 6120. short term: Not shorting the lows but looking for shorts on pullbacks. I want to see 6035 and 6000 or lower this week. medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big. current swing trade: Nope trade of the day: Bar 13 - 23 was a good first leg and strong enough to expect some follow through. Bar 35 was a good signal bar and bar 38 should have been your entry bar, once it strongly broke below 6089.
CME_MINI:MES1!
by priceactiontds
CRUDE OIL (WTI): Support & Resistance Analysis Here is my latest structure analysis and important supports and resistances on WTI Oil on a daily. Horizontal Structures Support 1: 65.2 - 66.9 area Resistance 1: 67.7 - 62.2 area Resistance 2: 69.9 - 70.5 area Resistance 3: 71.2 - 71.5 area Resistance 4: 72.2 - 72.9 area Vertical Structures Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
FX:USOILShort
by VasilyTrader
2
WTI recovered slightly, the outlook tilted to the downsideWTI TVC:USOIL increased slightly in the Asian trading session on Monday (December 9), trading around 67.50 USD/barrel. Oil prices fell sharply last Friday, closing near their lowest level, mainly due to expected declines in global demand. However, expectations that the Federal Reserve will cut interest rates in December increased following the release of US nonfarm data. According to CME Group's FedWatch, federal funds rate futures trading points to the possibility of a 25 basis point rate cut by the Federal Reserve. point in December was nearly 90%, which will provide some support for oil prices. Currently, uncertainty about the geopolitical situation increased again at the weekend, making the medium-term recovery of oil prices still not optimistic. In the short term, crude oil traders need to continue to observe whether the pressure brought about by the geopolitical situation on the supply side will support oil prices to continue to recover. Essentially, this week will continue to focus on changes in inventory data and whether demand-side pressures ease. This week, the financial market in general and the crude oil and WTI crude oil trading market in particular will focus on US CPI data. On the daily chart, WTI TVC:USOIL although it recovered slightly in the opening Asian trading session today (December 9), it still has all the technical factors supporting bearish expectations. With the long-term trend being noticed by the price channel followed by the short-term price channel, it has both a long-term and short-term trend of decreasing prices. On the other hand, WTI crude oil is also under main pressure from EMA21 along with the 0.236% Fibonacci retracement level. In the short term, if WTI crude oil is sold below 65.28USD, there will be a prospect for a new downtrend to open, and the technical point of 68.34USD is the closest resistance currently. The relative strength index also maintained price activity below the 50 level, which should be considered a negative signal for WTI crude oil technically. During the day, the technical outlook for WTI crude oil on the daily chart leans bearish with notable points listed below. Support: 66.44 – 65.28USD Resistance: 68.34 – 69.51USD
TVC:USOILShort
by Xayah_trading
Ending a sideway week, pay attention to CPI dataDuring the Asian trading session on Monday (December 9), OANDA:XAUUSD Spot delivery rose significantly then fell back, with gold prices hitting an intraday high of $2,650.62/ounce on the Asian market. Gold prices have now dropped and are trading at 2,636 USD/ounce. Bloomberg reported that China's central bank increased its gold reserves for the first time in seven months and that the rapid collapse of the Syrian government further undermined stability in the Middle East. These two factors boosted gold prices on Monday but of course it only had a very short-term impact. The People's Bank of China released data on December 7 showing that China's gold reserves at the end of November 2024 were 72.96 million ounces and at the end of October were 72.8 million ounces. As of April this year, China's central bank had increased its gold reserves for 18 consecutive months, helping support rising gold prices. However, the Chinese central bank's purchases (about 5 tons) are relatively small compared to monthly purchases since the beginning of this year. Traders watched developments in Syria over the weekend after President Bashar al-Assad fled as rebels took control of the capital Damascus. The United States struck dozens of Islamic State targets in central Syria on Sunday, as President Joe Biden warned that Assad's fall could lead to a resurgence of Islamic extremism. Analysis of technical prospects for OANDA:XAUUSD Although gold has had a week of stable price fluctuations with mostly sideways accumulation, in general on the daily chart it still moves with the main trend leaning towards the possibility of price decline. With the main trend being noticed by price channel and pressure from EMA21 along with the 0.50% Fibonacci retracement level and horizontal resistance of 2,644USD in the short term. On the other hand, the relative strength index (RSI) is moving sideways below the 50 level, which can be considered a negative signal for gold technically. In the near term, if gold takes its price action below the 0.618% Fibonacci retracement level, it could fall a bit further to $2,606 – $2,600 in the short term. Additionally, a new bearish cycle is likely to be opened once the $2,600 raw price level is broken below, confirmed by price activity below the 0.786% Fibonacci level followed by a target of around $2,538. As long as gold remains within the price channel, below the EMA21 and below the 0.50% Fibonacci retracement, it remains bearish on the daily chart, and the highlights are listed below. Support: 2,606 – 2,600USD Resistance: 2,644 – 2,663USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2679 ↨ →Take Profit 2 2674 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSDShort
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 09 - Dec 13]Last week, international OANDA:XAUUSD almost went sideways in a range from 2,613 - 2,657 USD/oz. The US economy created 227,000 jobs in November, slightly surpassing economists' forecasts. At the same time, wages increased faster than expected. However, the unemployment rate increased again to 4.2%. However, these data show that the US labor market has been tending to recover, creating momentum for the FED to consider delaying interest rate cuts in the context of higher inflation, especially is when Mr. Trump is about to take office as President of the United States. Thus, there may not be much room for gold prices to increase because the FED cuts interest rates. Therefore, gold prices will need additional catalysts from geopolitical factors, central banks increasing gold purchases, etc. Short-term gold prices in general and next week's gold prices in particular will still be in a state of tension between concerns about escalating geopolitical tensions and Mr. Trump's strong tariff measures, causing US Treasury bond yields to increase. , creating strength for the USD and limiting the rise in gold prices. 📌Technically, on the H4 chart, we can see that the moving average ema89 is moving sideways, the gold price continues to accumulate sideways in a narrow range. Accordingly, the resistance level to pay attention to is around the 2720 mark, the support level to pay attention to is around the 2535 mark. Gold prices will create a clear trend when breaking through these two resistance levels. Notable technical levels are listed below. Support: 2,600 – 2,606USD Resistance: 2,663 – 2,644USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 BUY XAUUSD PRICE 2534 - 2536⚡️ ↠↠ Stoploss 2530
OANDA:XAUUSD
by Xayah_trading