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Gold 15 minutes Between Trend line The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Cardano ADA 3 Weeks ForecastOn November 8th we will have the Midterm Elections in the U.S.
I think we will see a 3 week rally ahead of the elections, followed by a sharp decline afterwards.
The small bull run should start this week!
ADA/USDT
Entry Range: $0.35 - 0.38
Take Profit 1: $0.46
Take Profit 2: $0.58
Take Profit 3: $0.69
Stop Loss: $0.31
Ethereum ETH Bear Market RallyFriday the S&P hit a new 52 week low, being oversold right now.
I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too!
Hedera HBAR is one of the cryptocurrencies that have a lot of potential for a bull run.
ETH/USDT
Entry Range: $1300 - 1345
Take Profit 1: $1470
Take Profit 2: $1560
Take Profit 3: $1715
Stop Loss: $1195
Chainlink LINK Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
LINK/USDT short
Entry Range: $7.50 -8.00
Take Profit 1: $6.40
Take Profit 2: $5.10
Take Profit 3: $4.60
Stop Loss: $8.90
ETH/USD Trendline BreakHigher Time Frame Trendline Break, look for a continuation up north. Just know FOMC is approaching. A break below the Trendline may be a reason to get out. Tight stop loss for this one. Stay tuned more to come. PM me for any chart request and I will promptly post them. This corresponds to my previous signal on bitcoin. I would love to chat with you all about how to play the end of the year Q4. Like and leave a comment, I appreciate all the support.
look for a retest of the low of this last 4 hours bar for best entry. I don't have a set price for take profit, just looking for a further continuation off these lows. That is all for now on Ethereum.
ApeCoin APE bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
APE/USDT short
Entry Range: $5.30 - 5.65
Price Target 1: $4.58
Price Target 2: $4.19
Price Target 3: $3.20
Stop Loss: $6.15
Tron TRX Bearish SentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
TRX/USDT short
Entry Range: $0.060 - 0.065
Price Target 1: $0.057
Price Target 2: $0.052
Price Target 3: $0.047
Stop Loss: $0.075
Bulls Need to Hold 3905My trading plan for the past 2 weeks has been to sell the rips.
Looking over all the indicators, my bias is leaning to 3905 bounce and low volume climb into CPI and FOMC over the next week or two.
Should bulls fail to hold 3905, all bets are off. Selling is likely to resume.
Apple would likely need to do badly, but with a shiny new IPhone and 5.5 billion in buy backs, Apple could carry the markets over the next week or two.
Because AMZN new series did not get the reception it was seeking may be lagging behind the other mega caps.
ICHIMOKU 1D
Strong Support at 3900
Confirms Downtrend. 3900 line in sand.
Volatility leans bearish
ICHI 1W
The Bull wants bounce here on lagging and price and head up channel for weak cloud crossover.
The Bear wants the lagging to break the bottom of the bull cloud and break bull support before 2023.
ES1W
INCOMPLETE Inverse Head and Shoulder
Price target is 4745
Unlikely, but with the dollar soaring higher anything is possible.
This DAX breakdown I did has a similar pattern but a triple bottom on what is a very strong support.
This path is extremely unlikely, I just mention it while its still on the table for a bullish week or two.
Event Volatility hedging for CPI and FOMC will be strong.
This event hedging will increase VANNA and CHARM flows.
VANNA and CHARM flows would likely drive prices higher over the next week or two.
I created this volatility monitor to visualize the vix structure and determine if VIX is getting compressed enough for short squeezes.
HYG and XLF as leading indicators
Using HYG and XLF to set alerts for bull and bear
XLF W
Weekly XLF is forming and bear flag and which still has some upside in the coming weeks and a bounce of support to start the week.
My trading plan for the week is to confirm 3905 holds for bulls. This support is key.
30m chart has numerous active patterns and channels to validate / invalidate over the next couple days.
While there are more bear flags, bulls are in control of 3905. If that breaks, all bets are off for the bull.
The Bearish H&S / Bear flag completed its structure at the 3095 and marked by a double bottom.
Bears are looking to push below 3905 and complete bear flags 2,3,4 and 5 before the end of September.
For the bulls, complete the double bottom W forms an ascending triangle with matching trend line. (Blue 1,2)
A closer look at the levels
yearn finance YFI Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
yearn finance YFI has a negative overall sentiment recently.
I have the following price targets:
YFI/USDT short
Entry Range: $9400 - 9550
Take Profit 1: $8400
Take Profit 2: $8750
Take Profit 3: $4600
Stop Loss: $11440
Kyber Network Crystal v2 KNC bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Kyber Network Crystal v2 KNC has a negative overall sentiment recently.
I have the following price targets:
KNC/USDT short
Entry Range: $1.63 - 1.99
Price Target 1: $1.45
Price Target 2: $1.30
Price Target 3: $1.17
Stop Loss: $2.21
eCash XEC bearish sentiment September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
eCash XEC is a cypto with a negative overall sentiment recently.
I have the following price targets:
XEC /USDT short
Entry Range: $0.00004500 - 0.00004950
Price Target 1: $0.00004100
Price Target 2: $0.00003750
Price Target 3: $0.0.00003325
Stop Loss: $0.00005190
Near bearish sentiment September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
NEAR is a cypto with a negative overall sentiment recently.
I have the following price targets:
NEAR/USDT short
Entry Range: $4.00 - 4.35
Price Target 1: $3.65
Price Target 2: $3.20
Price Target 3: $2.95
Stop Loss: $4.85