ATHUSDT - Golden Pocket to the Moon +100% Gains in Sight!Should we panic or buy the fear? We've had a deep retracement on alts across the board. Let's break it down and figure out our strategy for this long opportunity.
LONG TRADE - CONFLUENCE
Golden Pocket: The price has perfectly retraced to the golden pocket between the 0.618 and 0.666 Fibonacci levels.
Point of Control (POC): This area also coincides with the POC, adding to its significance as a support level.
Fibonacci Speed Fan: The 0.786 level of the Fibonacci speed fan aligns with our golden pocket and POC, reinforcing this area as a strong support zone.
Long Trade Setup: High-Probability Trade
Entry Point:
Golden Pocket: Enter a long trade from the golden pocket area around $0.07.
Stop-Loss Placement:
Below POC: Place the SL just below the golden pocket/POC (tight SL) or place the SL below the swing low at around 0.064.
Target Levels:
First Take Profit (TP1): Set the first TP at $0.10.
Overall Target (TP2): Aim for the overall target at $0.147.
ATH's retracement to the golden pocket offers a prime opportunity for a long trade with an excellent R:R. The confluence of the golden pocket, POC and Fibonacci speed fan makes this a strong support zone and an ideal entry point.
What are your thoughts on this analysis? Are you ready to go long on ATH?
Longtrade
Gold price recovered to $2400, sideway Monday⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields.
⭐️ Personal comments NOVA:
Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2374 - $2372 SL $2367
TP1: $2380
TP2: $2390
TP3: $2400
🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
NZD/ CAD !! 7/26 trendline Uptrend✍️ NOVA hello everyone, Let's comment on NZD/CAD price long-term trend
🔥 Identify:
D1 - long-term time frame shows that the price is following the Uptrend line - touching the trendline. wave 5
🔥 Technically:
Based on the resistance and support areas of the NZD/CAD price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: 0.82500 - 0.84000 - 0.85500
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Chart Idea - KASUSDT Swing Long SetupKASUSDT Long Setup
Confirmations:
- Weekly Stoch RSI cross over
- Bounced beautifully from 0.618 fib level of 0.097 range
- Successful retest of weekly bull flag breakout support which coincides with 0.382 fib level
Entry: 0.11
TP: 0.378
SL: 0.099
It’s a swing long which can play out in weeks if not months.
Gold corrects slightly after reaching ATH !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rose to around $2,470 per troy ounce on Thursday, remaining near record highs as there is growing optimism that the Federal Reserve (Fed) will lower interest rates in September. Lower interest rates make Gold more appealing to investors as a non-yielding asset. Fed officials have expressed confidence in inflation aligning with their goals and are considering an interest rate cut.
⭐️ Personal comments NOVA:
Gold price had a 30 price adjustment when it peaked at 2484, the adjustment created liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2440 - $2442 SL $2435
TP1: $2450
TP2: $2460
TP3: $2470
🔥BUY GOLD zone: $2432 - $2430 SL $2425
TP1: $2440
TP2: $2455
TP3: $2470
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
ATH - strong increase !!! XAU UP⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fails to capitalize on its Asian session gains, trading with modest intraday gains. A slight uptick in the US Dollar prompts profit-taking due to an overbought RSI on the daily chart. The pullback is also influenced by the overall risk-on sentiment in global equity markets.
⭐️ Personal comments NOVA:
Gold price continues to reach ATH in Tuesday's Asian session, new peak at 2484. Bulls dominate - rising momentum shows no signs of stopping
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2442 - $2440 SL $2435
TP1: $2450
TP2: $2465
TP3: $2480
🔥BUY GOLD zone: $2449 - $2451 SL $2444
TP1: $2458
TP2: $2465
TP3: $2480
🔥SELL GOLD zone: $2500 - $2502 SL $2507
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Wave 5 model Increases long-term frame H4! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 7/15 - 7/19/2024
🔥 World situation:
Gold's price remained over $2,400 after dropping to a daily low of $2,391. The metal's value is predicted to rise for the third week amid speculation that the Federal Reserve may start easing in September. Despite higher-than-expected factory prices, the dollar didn't strengthen, benefiting gold. The XAU/USD stands at $2,415. June's Producer Price Index exceeded predictions while July's preliminary consumer sentiment reading from the University of Michigan declined, but inflation expectations have eased.
🔥 Identify:
Gold price moves in the final wave (wave 5) in the long-term bullish model H4. Target to break the highest peak of 2451 and create a new peak
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2422, $2450, $2466
Support : $2392, $2357
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Will XAU hit new ATH in July ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
A failed assassination attempt on Donald Trump, a Republican candidate in the 2024 presidential election, increased his chances of winning and raised hopes for less regulation. This boosted investor interest in riskier assets and may limit the rise in the price of gold, which is considered a safe-haven. Additionally, the US dollar's modest strength, fueled by the belief that Trump's policies would increase government debt and inflation, will help keep the XAU/USD (gold price) in check.
⭐️ Personal comments NOVA:
The long-term framework still supports the increase in Gold prices - the FED has positive information for early interest rate cuts to help Gold prices gain momentum higher.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2405
TP2: $2420
TP3: $2430
🔥SELL GOLD zone: $2449 - $2551 SL $2456
TP1: $2440
TP2: $2430
TP3: $2420
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
MSTR | Potential Reversal We are currently observing interesting price action at the Purple Line - Strong Pivot level on MSTR. The price has been in a clear downtrend but recently found support at this key level. Here’s a breakdown of what’s happening:
✅ Key Support Level: The Purple Line - Strong Pivot level has provided support, preventing further decline for now.
⚠️ Price Action: After a strong bullish bounce, the price shows indecision with small-bodied candlesticks.
✅ Volume Analysis: There is an increasing relative volume average, indicating heightened interest and activity at the support level. The bounce was accompanied by a significant volume spike, suggesting strong buying interest.
➡️ Potential Trading Strategy:
Wait for Confirmation: Look for further bullish confirmation, such as a continuation of higher volume on bullish candlesticks or a break above recent highs.
Entry Point: Consider entering a long position if bullish confirmation is observed, with a stop loss placed just below the Purple Line - Strong Pivot level to manage risk.
Target: Potential upside targets include $1500 (Gray dashed line)
Caution: If the price fails to sustain above the Purple Line - Strong Pivot level and volume declines, the downtrend may resume. Monitor the price action and volume closely for further signals.
Stay tuned for more updates and happy trading! 🤘🏻🤑
Prioritize the Uptrend - XAU above $2400⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The US Dollar gains on Monday, reversing some recent losses and putting pressure on Gold prices for the second day. The Producer Price Index (PPI) rose by 2.6% in June, surpassing expectations of 2.3%. Political uncertainty following a failed assassination attempt on Donald Trump benefits the Dollar, but expectations of a dovish Federal Reserve may limit gains.
⭐️ Personal comments NOVA:
Gold price is maintaining an Uptrend above $2400 - accumulating in the price range 2400 - 2420. Optimism for the market is very high reaching a new ATH this year
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2422 - $2420 SL $2427
TP1: $2415
TP2: $2408
TP3: $2400
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold will continue to increase after PPI news !! new peak⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
On Thursday, gold prices surged to their highest level since May 22, reaching the $2,424-2,425 region due to predictions of a Federal Reserve rate cut in September following a mild US inflation report. However, lack of sustained buying and a modest rebound of the dollar from a nearly three-month low caused some sell-off of the safe-haven metal during Friday's Asian session. The underlying positive sentiment in the equity markets also contributed to this trend.
⭐️ Personal comments NOVA:
Sentiment is very optimistic in the market after yesterday's CPI news - Gold prices maintain an upward momentum to close to the old all-time high
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2393 - $2391 SL $2388 scalping
TP1: $2397
TP2: $2400
TP3: $2405
🔥SELL GOLD zone: $2450 - $2452 SL $2457
TP1: $2440
TP2: $2430
TP3: $2420
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold in price increase range! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold's price is experiencing slight gains due to speculation that the US Federal Reserve may cut rates as early as September. Global political uncertainties also favor gold, a safe-haven asset. However, China's halt on gold purchases could lead traders to lessen bullish bets, as China is the largest gold consumer globally. Key upcoming events include Fed Chair Jerome Powell's testimony, speeches from Michelle Bowman and Austan Goolsbee of the Fed, and Thursday's US CPI inflation data release.
⭐️ Personal comments NOVA:
Gold price leveled off to create liquidity in the 2350 - 2375 area. Waiting for information from the FED on Tuesday and Wednesday, the uptrend is still dominant.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2341 - $2339 SL $2334
TP1: $2348
TP2: $2355
TP3: $2370
🔥SELL GOLD zone: $2382 - $2384 SL $2389
TP1: $2375
TP2: $2360
TP3: $2350
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
WLDUSDT - Ready for a bullish rebound?After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R)
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
TRADE BTC/TSLA Pair and Grow your bagsBeen working on something. trying to make swing trades and longer term holds more efficient by trading in a non correlated pair.
Such as BTC/TSLA
As I want to stay in the market I can move allocation to the horse with the best momentum. Over time this rolls into more shares of TSLA or More BTC when timed correctly.
I'm mainly using the yellow 21 EMA vs The Blue/Red Linear Regression Line and their position in relation to the 200 EMA.
Still dialing in and will track over next few months. I can almost churn the longterm with this method. but for now I'm just giving it some gas to cook with and see how it works for me.
Example today I purchased more TSLA since BTC's relation to TSLA is in a down swing as the 21 day (yellow) crossed down over the Linear regression line (blue/red) and now dipping below the 200 day ema.
today TSLA is up 2.19% and BTC is up .38%.
This combines both my TSLA holdings and BTC holdings into one big pool where I shift the bulk of the holdings to the Ticker with the best juice making profit on the margin between the 2 tickers while increasing total position size and still participate in capital appreciation.
Expect Gold to touch $2400 soon !!
⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dip during early Monday's European session as the People’s Bank of China (PBoC) holds off on gold purchases for the second month in June. This pause could influence gold prices given China's status as the world's largest bullion consumer.
⭐️ Personal comments NOVA:
Gold price is maintaining an Uptrend at the beginning of the week - the target is still touching above 2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2362 - $2360 SL $2355
TP1: $2370
TP2: $2380
TP3: $2390
🔥SELL GOLD zone: $2396 - $2398 SL $2403
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Strong increase in Gold - 3rd quarter 2024✍️ NOVA hello everyone, Let's comment on gold price next week from 7/8 - 7/12/2024
🔥 World situation:
Gold prices surged during mid-North American trade after June's US Nonfarm Payrolls report surpassed predictions, but hints of a faster cooling labor market from downward revisions of previous months led traders to anticipate a Federal Reserve rate cut in September. This expectation weakened the Greenback and boosted gold. XAU/USD is now trading at $2,391, marking daily gains over 1.40% and weekly gains above 2.70%, partly driven by a weaker US Dollar undermined by lower US Treasury bond yields.
🔥 Identify:
Gold price broke the cumulative sideway structure and rebounded strongly in the third quarter of 2024. While the expectation of interest rate cuts this year is getting closer and closer, it is the factor that helps gold prices stay positive
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2431, $2452, $2480
Support : $2365, $2335
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
BTC Bullish Wave 5 Up July 2024: This is the first week in july likely ranges until end of month and close July just under 54k to complete wave 4 on weekly and monthly renko time frames. Then starts wave 5 up to at least 88k the .618 fib extension but can easily go to over 130k maybe even the 1.618 fib at 143k.
BTC Seems To Be Looking For Some Gains?As the title said, BTC seems to be looking for a breakout towards the top. Alts are worth trading but are extremely subjective to BTC movement despite a few alts like INJUSDT which seems to have negative correlation for the past week.
That being said, look for long positions at the green line to the golden pocket I provided. I won't be providing a TP because it'll just break into the trendline and range again, so find the tp you're comfortable with.
This analysis was done using 4H and 1D.
- ElvianElvy