AUD/USD sinks to new lows as focus shifts to Aussie jobs dataWhether you’re talking price action or momentum, AUD/USD looks terrible on the daily, taking out the intersection of the US election lows and downtrend support with ease on Wednesday.
Momentum is with the bears; RSI (14) has cut its uptrend like a hot knife through butter while MACD has crossed over from above, confirming the bearish signal. Selling rips and bearish breaks may prove more successful than buying dips in this environment.
The short setup would be to sell here or wait for a potential squeeze towards .6513 as traders anticipate another stellar labour force report – there have been plenty of those recently. That would allow for a tight stop to be placed above the level, providing appealing risk-reward for those targeting a retest of key uptrend support at .6375.
The last time the Aussie interacted with the level during the Japanese market meltdown of August, it resulted in significant bullish reversal, underlining its technical importance. As such, it looms as an obvious target.
Good luck!
DS
M-oscillator
$SPY November 14, 2024AMEX:SPY November 14, 2024
15 Minutes.
We are in an interesting setup.
Foe the fall 600.17 to 594.37 AMEX:SPY retraced 599 levels.
That is 78% retracement of the fall.
Also, we have a 599 top earlier on 12th November too.
And for the rise 594.99 to 599.23 AMEX:SPY has retraced 61.8% to 596 levels.
Both denotes a limit of double top or double bottom being 599 or 594.
So, until this range is broken, I have no trade on either direction.
Today we will have a one-sided Thursdays move as usual.
My downside is limited to 590 592 levels. So, I will not take any shorts yet.
If 592 is broken, then I will look for 586-584 as target.
That represents 38% to 50% retracement for the rise 567.89 to 600.17.
585 at the moment is also 100 averages in 60 minutes time frame.
XRP weekly breakout - monster upside ahead?!The XRP weekly chart staged a crazy upward breakout through a longstanding triangle formation. The price exploded above the 200 week moving average, and now we can realistically start thinking about the height of that triangle formation to project price targets.
$3.00 looks a likely target using this sort of projection, and is conservatively well below the all time high around $3.8. Technically we now keenly await a golden cross on the weekly as confirmation of a bullish trend. The best thing about betting on a coin like XRP is its deep liquidity. XRP is not nearly as speculative as the GOATs (meme coin) of the world, yet ships with massive upside potential.
Jump Over the GapThis stock had a good opening today that may indicate a turnaround. Temporarily we had exceeded even the cloud already. SAfter an ontraday correction there may be an additional rise now.
#TIA GREAT ENTRY !!!If you're looking for a great entry for #TIA now is the perfect chance
On the higher timeframe it signalled the reversal, and now it's at 618 swing retrace
It has confluence with 4H and 1H fair value gap
Stochastic RSI is showing hidden bullish divergence on 4h
What are you waiting for? Now it's the best chance
Kaspa: Bull Flag, waiting for the next leg up.Accumulation of KAS from BTC and ETH completed.
Presently seeing a bull flag setup on the hourly timeframe.
Expecting KAS to perhaps retest the golden pocket ~61.8-65% Fib retrace lvl, before breaking above the blue resistance line..
WTI crude Wave Analysis 13 November 2024
- WTI crude oil reversed from the multi-year support level 66.70
- Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the powerful multi-year support level 66.70 (which has been repeatedly reversing WTI from the end of 2021, as seen from the weekly WTI chart below).
The support level 66.70 was strengthened by the nearby lower daily and the weekly Bollinger Bands.
Given the strength of the nearby support level 66.70 and the bullish divergence on the weekly Stochastic indicator, WTI crude oil can be expected to rise to the next resistance level 70.00.
BONK USDT PERPETUAL Kindly wait for 8:30AM EST CPI Report
- Bearish Divergence
- Low Buying Volume (Potential Short)
- Trendline Support Breakdown
EURGBP Wave Analysis 12 November 2024
- EURGBP reversed from long-term support level 0.8265
- Likely to rise to resistance level 0.8365
EURGBP currency pair previously reversed up from the long-term support level 0.8265 (former powerful support from the start of 2022) coinciding with the lower weekly Bollinger Band.
The upward reversal from the support level 0.8265 stopped the previous impulse wave 3.
Given the strength of the nearby support level 0.8265 and the oversold weekly Stochastic, EURGBP currency pair can be expected to rise to the next resistance level 0.8365.
There's a possibility of a fast run.As with many other trading pairs here it's the overall start
of the alt season that decides everything, not the prospects
of an individual project.
I hold VOLT.
PMBTECH - BOTTOM HAVE REACHED and POSSIBLE TREND CHANGING ?PMBTECH - Current Price : RM1.93
PMBTECH may had reached bottom as we can see in chart there is BULLISH DIVERGENCE in stochastic oscillator. Furthermore, the low is getting higher than previous low indicates some bullish scenario.
In addition, based on ICHIMOKU CHARTS, CHIKOU SPAN manage to climb up above LEADING SPAN 1 (but still below LEADING SPAN 2 - means still inside CLOUD). And today share price is testing to move upward into CLOUD.
Take note also that share price is trading above 50-day EMA. With all the information we identify in the charts, we believe that the share price may move upside in the upcoming session.
1st target will be the FALLING RESISTANCE LINE (blue colour line) , 2nd target will be 200-day EMA. Support is RM1.75 (the low of LONG OPENING BOZU WHITE CANDLESTICK)
Notes : Please study the FUNDAMENTAL of company and also other related news/catalyst. Trade at your own risk.
Adventure Gold (AGLD) to $3On the above 1-day chart price action has fallen 95% since last October. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Price action and RSI resistance breakouts.
3) Point 1 & 2 are also true for the BTC pair (see 1-day chart below)
4) Price action just printed a higher low on the golden ratio. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 1 to 3 months
Return: 10x from IB signal
1-day btc chart
Well $BTC hit my second dip early but didn’t hit the first! This is proving to be much more GRAND than I expected the INFLOW of $ into CRYPTOCAP:BTC spot ETFs and from Alt coins moving less.
But really so much shock and awe is coming! People will continue to buy this retail. And it won’t stop until Christmas is WELL OVER! Don’t short yourself a loss here! If your a day trader go for it but I’d be just Long on small Term trades. Anyway! good luck all and well DONE HODLERS!
Think Outside the Box BTC! / Next staion 60-62KBINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
📝In this post I will track the BTCUSDT movements as long as it stays inside the Box.
The market has reached the end of its suffering range.
Until Monday, the price of Bitcoin can rise to the level of $61K-$62K.
After that, if the buyers support and the price breaks above the $63K level, the green scenario will be activated, and the price will return to the ceiling of the box.
On the other side, bearish resistance at the $61-62k level will push Bitcoin price down to the initial target of $55k and then $52k.
📡Please share the analysis posts.
💌Thanks for your support and energy.
playing with a short ideaLooking for reversal confirmation within 2-3 weeks.
To confirm this negative divergence, I'm looking for:
1) another {three outside down} candlestick pattern to play out
2) followed by a break of weekly EMA30. From there I'll place my short with a tight stop. Short squeezes are usually done by that point.
Let the chart do the work, and keep your emotions in-check.
Hang Seng heaviness opens door to downside flush Hang Seng futures look heavy. Friday’s bearish engulfing candle has been followed by two consecutive declines, leaving the price teetering just above horizontal support at 20280.
With RSI (14) and MACD providing bearish signals on momentum, the inclination is to sell rallies in the near-term. It may also see a potential break of 20280 stick where so many other attempts have failed recently.
If we were to see futures break (and preferably close) below 20280, you could sell with a stop above the level for protection. The May 20 high of 19772 would be the initial trade target, especially with the 50-day moving average located just below.
If that level were to be broken, it opens the door to a potential deeper flush to 18500 with only minor support at 18945 located in between.
Good luck!
DS
KO longCoca-Cola ( NYSE:KO ) stock, traded on the NYSE, is one of the most established and widely held stocks in the consumer defensive sector, specifically within non-alcoholic beverages. KO is currently priced around $63 per share, with a 52-week range between $56.06 and $73.52. The stock has shown resilience despite recent challenges, including inflationary pressures affecting consumer demand. Coca-Cola's recent quarterly earnings report reflected strong performance in North America, although global volumes dipped slightly due to pricing increases impacting demand.
KO is known for its dividend stability, with a yield close to 3% and a payout ratio that investors find attractive for income. Analysts hold a generally positive outlook, with an average target price around $71.81, indicating potential upside. However, the company has also been cautious, as competition with peers like PepsiCo and Nestlé continues to intensify, especially in emerging markets.
This stock is often considered a "safe" choice for conservative portfolios, given Coca-Cola's consistent profitability, strong brand, and global market presence.
BTCUSDT Market Analysis Update Hi everyone, I hope you are doing well and I have put my opinion in Bitcoin price on the chart for you. and hope this helps you! Simple, concise, useful
Best Regards.
BINANCE:BTCUSDT
Cronos (CRO) - Bullish divergenceOn the above 6-day chart price action has corrected 92% since November 2021 @ 70 cents. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Strong bullish divergence as measured over 60 days. 8 oscillators print positive divergence with price action.
3) Look left (orange line, best seen on 2-day chart) price action prints on historical support.
4) The macro bull flag forecasts a first wave target of 30 cents.
Is it possible price action could fall further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: act now
Return: 400%
S&P 500 INDEX to 6000 before mid 2023Firstly a big thank you for taking me past the 10k likes on Tradingview. That’s a great milestone and tells me the ideas must be appreciated. If it is okay with you I’ll continue to share them freely.
As a thank you for taking my ideas past this milestone I want to share the idea that will challenge 95% of those reading. You will just not believe what is about to happen in the following 6-9 months. Use this idea as a cheat code to take you to the 5% club.
It is highly probable the market will rip higher and I’m betting on a new all time high before the middle of next year in the area of 6000. Then we can have our recession.
Still reading? Or have you gone straight to the comments for some club 95% ‘you mad bro’ comments?
What’s the evidence? There’s technical and fundamental. Firstly the technical on the above weekly chart:
1) A ‘great buy’ signal has printed. Look left.
2) Every year that ends with a ‘2’ for the last 70 years has beautiful symmetry with its roots in pi-cycle theory, but I’ll not go into that here, just accept it.
Each of the annual charts below are the last 70 years with years ending in a ‘2’ with the vertical lines approximately identifying a 12 month window.
1952 -
1962 -
1972 -
1982 -
1992 -
2002 -
2012 -
And finally 2022 - see a pattern?
The Fundamentals
1) Mid-term elections - the FED will not crash the market with up and coming mid-term elections. They never have in the above years.
2) Insider trading - The people making the decisions / your glorious leaders, they are actually buying the dip:
“U.S. House speaker Pelosi discloses trades in Apple and Microsoft”
Source: www.reuters.com
This is not an isolated event.
3) Sentiment is at the lowest it has been for 40 years! Not even 2008 comes close. People are so bearish right now that it is actually bullish.
4) The Put / Call ratio. The number of retail traders ‘short’ on the market is at levels not seen since August 2020. Remember then? The world was ending then too.
5) The ‘Put/Call’ ratio is printing bearish divergence just as it was back in August 2020. The market ripped higher afterwards.
Well that’s it - Hope you enjoyed, this took some hours of study and preparation.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 6 to 9 months
Return: 50-80%
Verizon: Weak in a Strong MarketThe S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?
The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals.
Second, VZ peaked below $45.55 in late September. That was a long-term low from May 2022, which may suggest old support has become new resistance.
Next, VZ has chopped around its 2023 high of $42.58 but is now below it. That could be a sign of resistance taking hold.
Fourth, last week’s slide below the 200-day simple moving average could mark an end to its longer-term uptrend.
Finally, MACD is falling.
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Boba Network (BOBA) — Get Ready for Explosive Wave 3 (Easy 28X)I'm not going to make many posts about altcoins and I'm only posting some of those that I'm holding personally and have the best structure in my opinion.
This is another great opportunity similar to my previous posts.
During a wave 2 correction price action did a retracement to the 0.786 level and is now moving sideways inside a support zone.
RSI is stable and moving sideways on support as well.
Nicely looking structure on the BOBA/BTC chart, sleeping on support:
Look at these wild green weekly candles in the first wave: +70%, +45%, +98%.
And +5000% in one week in 2021.
Judging from the size of wave 1, wave 3 can easily reach previous all time high and even exceed it.
Conservative target: $6.00 (2700%).
