ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders,
ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
The bulls maintain control as long as ETH is trading within the rising channel marked in red.
In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected.
2️⃣ Bearish - Correction
If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Long-term-short
Gold analysis of Nov 2022 TF Week (short- to long-term)Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C.
Short-term analysis
After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave 1 green), but still in an uptrend. However, it should not drop below 1680 (wave 2 green).
Tradi ng strategy:
Sell 1772-1802
TP 1766/1758/1747
SL set according to your margin (probably hit 1806)
Medium-term analysis
It is necessary to wait for a confirmation signal from a pullback to wave 2 green, which should not fall below 1680 (wave 2 green). Then, it would be great chance to open long/buy positions.
In contrast, if gold has pullback lower than 1680, it has a chance of a bearish reversal, which means that this strong rebound (at 1772) is just a market correction. It may result in the price of gold continuing to decline in the long term (red wave)
Long-term analysis
1st scenario, if gold keep it rising trend, the price action can made a new high (> 2070) following to green wave (5)
2nd scenario, if gold reverses to a downtrend, we might see great drop to 1302 following to red wave (5). Regard to the "Gold price prediction chart pattern" my long term analyzed on March 30, 2022 (see more detail in attached link).
XAU/USD Nice move from market Bias today is down - I prefer to Short more than Long
Plan 1: Sellers continue breaking by Strong Buyers Zone and price move down to 1912
Plan 2: Price is protected by Strong Buyers Zone and price increase to 1927, which has big volume from Sellers. I think we will see a litigation for this area but Sellers will take advantages and Price move down to 1912
Plan 3, just my vision. Price breaks and move above the yellow circle then we can take risk a Long trade to zone 1930 or 1940
These are my plans but it still a possibility :) Have a good day guys!
Ray
P2P | DXY - Market PredictionAlright my fellow traders and tradettes! This is my first market prediction (really more of an analysis) on what I potentially see coming from DXY.
Now as we can see it has broken below my channel so that indicates 2 things to me: 1. Selling pressure = bad economy, bad fundamental news, etc. or 2. Selling off to buy wayyyyy up!
Reason why? Well where price is currently sitting, its forming a Dojo candle. (Doji = indecision, usually a direction change on higher timeframes)
The sky blue box near current price represents a 2nd form of head-and-shoulders pattern, where we could see a push up to sell off even more (yes, double shoulders baby!)
If you notice where I have my TP level set, its actually the 50% of a FVG (fair value gap) that was merely filled when DXY began the rally up.
So what does the lil emoji dude have to do with this mark up? LOL
Well he's actually indicating an intermediate high that I wouldn't be surprised to see price come back to visit!
Plus I tapped into FF (Forex Factory) and didn't see any news for USD until February so I feel that could assist the rise of DXY to build up for the fall...
But again ladies and gents this is just a higher timeframe mark up, I am not expert. Just another young student in this market ocean with a harpoon looking to catch a Megalodon!
So all in all my bias on DXY: SHORT-TERM BULLISH / OVERALL BEARISH
And with that being said happy trading, trade well, and lets run it up from 2023 til infinity!
If you got some value out of this mark up please share it, boost it to your trading pals, and help grow the channel.
DISCLAIMER:
***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Tesla, Monthly, My long-term analysisThe increase in Tesla stock prices of over 3,000% between 2019 and 2021 is obviously unsustainable. In my opinion, a further decline with EQLL liquidity grab of at least 35% from the current valuation to the first monthly demand zone is very likely. The most probable, in my opinion, is a low in the next zone. This would mean the price would drop over 84% from its ATH. And then only upwards!
By comparison, Cisco (CSCO) during the dotcom bubble grew by 1500% from March 1997 to March 2000.
BTC Prediction for Aug-22 and beyondI'm assuming the long term trend is down
Jul-22 was a green month, relief bounce
Aug-22 probably going to continue the overall trend so will be red
inflation at 9%, expected double digits, recession for 12+months
difficult to be bullish
think there are 3 legs down
23->20
20->14
14->10
bottom here at $10k
timeframe : 12 months
Fantom bull both long & short term(Falling wedge)As you can see in the chart FTMUSDT has a falling wedge for long-term. It also has a breakout so long-term bull confirmed.
For the short-term we can see a falling wedge but we should wait for the breakout to confirm bullish sign.
In my opinion it's good to put a stop-loss at the top of the wedge(yellow line) to be sure about the FTM price rising and avoiding false signal.
UNI long term outlookHi again guys this is Kai with another crypto analysis..i think you almost know that i usually use weekly time frame for recognizing the most important levels although it require more patience..as you can see we have UNI weekly chart here..it has broken its support level with a big bearish engulf candle very nicely which had hold the price for approximately one damn year.. hence we should take this into account as a strong conformation that its over moon boys sorry we have to land.. my experience tell me that we can see a pullback to 14-15$ or even a little higher as a bull trap but anyone who hold this coin can use this pullback as a chance to take profit or sell with less loss..good entries for some gains are marked in the chart.. hope you all have a profitable week.
consider it as NFA..
TRIDENT BREAKOUTBUY : TRIDENT
CMP : 56.05
SL : 46
SHORT TERM TARGET : 60 - 66 - 70
TIMEFRAME : 3 MONTH
Short term Indicators
- MACD about to have a crossover
- strong RSI at 62
- Bollinger Band squeeze Breakout
- Huge volume
Can hold for LONG TERM
Fundamentally strong stock
Potential to be MULTIBAGGER
LONG TERM TARGET : 100 - 200 - 300 ++
TIMEFRAME : 1 - 2 YEARS
IOTA ANALYSIS 😱IOTA starting the ascending trend and now it is the best coin for hold in this market condition , read about IOTA i think wonderful for you .
IOTA have a resistance in 1.5 and it can breakout soon and go up to next resistance in 1.8 and 2 , So for short term you can get 50% profit in spot and in long term about 100% ...!
Buy and hold IOTA , it can fly because it was range in this place when others pumps .
Have a good times guys :)
clear long trend in btc /usdt as it clear all mt friend in this time it is not safe to be invester cause chart shows in 2022 aquest it may be showen 19k.20k for us we have full time up trend and strong short trrend for this momment so we have 2 way
1) if short chanel break from up we expect price go high which is far away
2)short tred will be gooes to bottem of all time long chaneel and will pump srongly
Seasonal Indigestion In Stocks At The End Of Q3The fall months are my favorite. The cool weather is a welcome change from the hot and humid days of summer. There are few sights more pleasing than the turning of the leaves over the coming weeks as the change works its way from north to south as temperatures drop.
The stock market has more than a few bad memories during the fall season. The great crash of 1929 occurred in October, as did the 1987 plunge in share prices. In 2008, an October plunge was the most significant stock market decline during the global financial crisis.
September 20th was a reminder
‘Tis the season to be cautious
The Fed remains accommodative- The debt is a compelling reason
Taxes are the problem
A correction is overdue, but that does not mean it is coming
Last week, we witnessed the first signs of fall indigestion in the stock market, which had risen to its most recent all-time high on September 2.
September 20th was a reminder
Last Monday, the stock market fell. After making a new record high on September 2, the S&P 500 had been making lower highs leading to the most substantial decline in months.
As the chart highlights, the S&P 500 rose to another all-time high at 4,545.85 on September 2, made lower highs, and dropped on Monday, September 20, reaching a low of 4,305.91, a 5.3% decline. Bull markets rarely move in straight lines, and the correction was long overdue. By the end of last week, the index was back at the 4,455 level after filling the gap on the short-term chart. However, it remained below the 4,471.52 level, the September 17 high.
September 20 was a reminder that the potential for a substantial correction has increased with each new high in the S&P 500.
‘Tis the season to be cautious
The stock market always gets the jitters in the early fall. Memories of price carnage during October crashes are indelibly etched in trader’s and investor’s minds. For those that did not live through or forgot the 1987 and 2008 selloffs, the financial media reminds them of the danger at this time of the year. The media pundits know that provoking fear makes for great copy and increased viewership. After all, the media’s primary job is selling advertising. Fear makes more people tune in each day for longer to keep tabs on what is happening.
Meanwhile, it is the season to be cautious in the fall of 2021 because bullish and bearish factors are pulling the stock market in opposite directions. The long-term price trend remains bullish, and most investors are long stocks. However, rising interest rates and taxes are not bullish for stocks, and they are on the horizon.
The Fed remains accommodative- The debt is a compelling reason
Last week, we heard from the US central bank as the Federal Open Market Committee held its September meeting. The outcome was a non-event as the Fed kept the Fed Funds rate at zero percent and did not alter its quantitative easing debt security purchases at $120 billion per month. The decision was unanimous.
Meanwhile, the devil was in the details as the central bank told the market that it could begin tapering quantitative easing before the end of 2021. It also guided that a consensus of members believe liftoff from zero percent short-term rates would occur in late 2022, with three to four increases in the Fed Funds rate coming in 2023. The projections depend on inflation averaging over 2% for an “extended” period and a move towards full employment.
Chairman Powell put more meat on the bone at his press conference, making him sound more hawkish on monetary policy than the statement. He said QE tapering could begin as early as at the next meeting and could finish in mid-2022. If the Fed begins tapering in November at a rate of $15 billion per month, it will complete the process by July 2022. At that point, the central bank could consider increasing short-term rates.
Tapering is not tightening; it is just less monetary policy accommodation. Many issues over the coming months could stall a move towards setting the stage for tightening credit, which could weigh on stocks and other asset prices as bonds compete with other asset classes for investment capital.
Meanwhile, the US government is working to unleash an unprecedented $3.5 trillion budget package and another $1 trillion in infrastructure spending. The government also needs to increase the debt ceiling as it bumps up against the current $28.5 trillion level. At the end of last week, it stood above that level at the $28.8 trillion level. As the Fed moves slowly to tighten credit, the government’s fiscal policy will more than compensate, allowing targeted stimulus to flood the financial system. The Fed is between a rock and a hard place as increasing interest rates will cause the cost of servicing debt to rise substantially. Each twenty-five-basis point increase in the Fed Funds rate causes debt servicing costs to rise by an incredible $72 billion. The debt is a compelling reason for the Fed to remain highly accommodative. If Chairman Powell is unwilling to go along with the government’s spendthrift agenda, expect a replacement.
Chairman Powell’s hawkish tone at the latest press conference could turn out to be his swan song. Progressive Democrats have told President Biden they want him to replace the sitting Fed chief when his term expires in 2022. The left-wing of the President’s party wants a Fed Chair that follows climate change and equity initiatives. Any replacement will sing a far more dovish tune for monetary policy than the sitting Fed Chairman. A replacement would likely light another inflationary fuse, due to a far slower approach to tapering and increasing the Fed Funds rate.
Taxes are the problem
The bills are coming due for the global pandemic, and they are enormous. Meanwhile, the spending continues as climate change, and social initiatives are going to cost trillions. The administration has rolled out its plan to increase corporate taxes and taxes on the “wealthiest” Americans with incomes over $400,000 for individuals and $450,000 for married couples, along with bumping up capital gains rates, inheritance, and many other taxes. Meanwhile, the increases may not scratch the surface in paying for the spending, but it could throw a monkey wrench into markets. Higher corporate rates will cause prices to rise as corporations pass along the costs to consumers. Higher taxes will leave less capital for share buybacks, and earnings will likely decline from projected levels. The bottom line is that higher taxes are likely to weigh on stocks. Higher taxes and rising interest rates could create a potent bearish cocktail for the stock market over the coming weeks and months.
A correction is overdue, but that does not mean it is coming
All signs point to an ugly correction in the stock market. However, signals can be misleading. When the US elected Donald Trump as the 45th President, many analysts predicted the stock market would fall like a stone, but it exploded higher. Other analysts thought that putting Joe Biden in the Oval Office would mean a severe correction in the last election. Stocks continued to make new highs.
Higher taxes and rising interest rates are a prescription for lower stock prices, but they are not guaranteed. The Fed plans are to eliminate QE by mid-2022 and begin the liftoff from a zero percent Fed Funds rate late next year. However, there may be a new economist at the head of the central bank with a far more progressive agenda in 2022.
Meanwhile, the budget and tax increases need Congressional approval, which is not guaranteed. The bottom line is that moderate Democrats and Republicans are not in favor of adding trillions to the US debt and increasing taxes that will filter down to all consumers. There are lots of what ifs facing the stock market over the coming weeks and months, which could cause lots of volatility on the up and the downside.
Follow those trends; they are your only friends. Ignore the experts as no one has any idea about the future. Remember, the current level of the stock market is always the right level. More aggressive buying or selling will establish the path of least resistance of prices. Go with the flow!
There is seasonal indigestion at the end of Q3. The future is uncertain. Put aside the fear and embrace the trends. We will find out soon if the price action on September 20 was the start of a correction or a one-day wonder that will put the market on a course for even higher highs.
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Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility , inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.