The JPY is ready to rise from a breakout of the longterm trendThe JPY technically is rising on increased momentum and during periods of uncertainty it is
Safe Haven Status: The yen is often considered a safe-haven currency. During times of global economic uncertainty or geopolitical tension, investors tend to flock to safe-haven assets, including the JPY. If there are current or anticipated global risks, this could drive demand for the yen.
Monetary Policy Divergence: If the Bank of Japan (BoJ) is expected to tighten its monetary policy while other major central banks are either maintaining or easing their policies, the yen could strengthen. For example, if inflation in Japan is rising faster than expected, the BoJ might signal or implement interest rate hikes or other tightening measures.
M-oscillator
BULL MARKET MOMENT OF TRUTH - $TOTAL Meeting It's MakerRSI is sitting at lowest it’s been this entire bull market.
CRYPTOCAP:TOTAL needs to close above $1.85T to keep our current bull market range.
If we close below this in the coming days, we are in for a world of hurt with another ~20% sell-off on the CRYPTO TOTAL MARKET CAP.
Question everything at that point.
2 Year yields are weakeningWhich often signals a incoming recession.
The market leads the #FED who always raise and lower rates too late.
We have #Unemployment starting to tick up
Tight financial conditions, delinquencies on the rise.
So make hay over the next few months in memestocks, coins, bitcoin, alts, NVDA and so on.
But don't be left holding the hot potato when the music stops playings.
#Macro
#Meltup
#NVDA
#Nasdaq
#Stocks
#Bitcoin
#Altcoins
#Ethereum
#Pulsechain
Ton coin needs serious correction there is a strength stability in price of TON coin has accrued and its more because of advertisement in telegram community and many airdrops that their team working on it and millions of people are into it but historically the main trend in this market is more powerful. although Bitcoin is in the last legs of corrective movements and might be bounce from 52000~49000 zone but altcoins might be very surprising many times while BTC dropping -2 percent some coins might be drop more than 10 percent.
by the way be carful about buying it and be responsible about money you have saved
buy with strategy and split your budget in to 5-8 portions. buy placed your orders in support zones and do not all in at all.
Trendline Trading Strategy - MAJOR Correction for $KAS THE TREND IS YOUR FRIEND,
until it isn’t.
This is literally the easiest trading strategy that even a monkey can figure out.
Find the major Trendline, and if it breaks, either
A) Sell Your Position
B) Open a Short
Case in point:
Seems like pretty much every coin has broken its trend, but I spent some time last night before bed seeing what was still holding up.
Spotted CRYPTOCAP:KAS
Putting it in context with the rest of the market nuking, I knew Kaspa was one of the last of the Mohicans so I opened my 3x Short.
Today I wake up, and see it broke trend on the 4hr which gives us data for the next 3-5 days / 6-8 trades per month.
P.S. YES that’s Bearish Divergence.
~JK
I think that it may be time to start building FET longs. Howdy everyone!
This is a follow-up to my FET short trade idea.
That short trade idea had two take profit areas within it, 1 of which we have already hit at approx. 1.42-1.20. The second take profit zone was just below at approx .90-.63.
I think that we might be finding support in this current area, and the second short trade take profit area may not get hit this time around. So this idea is based upon a long position in between the two take profit zones from that idea.
We've been as low as 1.06, and we are currently sitting at 1.18. I am suggesting starting your long positions in this current trading range.
My suggested take profits from this current trading range are: approx: 1.98, 2.50, and 3.00. We could at any time between now and hitting any of these targets turn around and hit the lower short trade target of .90-.63, so that is why I am giving at least 3 take profit points.
My current next big target if we make a new high in the markets is 3.94ish.
Anyway, I do appreciate your collaboration!
First sign of KASPA ($KAS) turning bullish vs BTCKAS had fallen below the golden pocket and tested the (thick orange) 200 daily SMA, but failed on the 8Mar. It had since remained below the 78.6% Fib retrace lvl after an attempt to retest the 200 SMA again on the 22Mar.
I had been slowly accumulating more KAS below the 78.6% Fib lvl and have now doubled my KAS holdings; after having stopped DCAing into KAS after it had previously pierced above 0.05USD (see the previous 5Nov2023 chart analysis tag).
It remained below the 78.6% Fib lvl until 25May, where it first held support, finally, above the red 21 daily EMA ( setting a second higher low ). It subsequently retested the 78.6% Fib lvl again on the 28May and eventually bounced off the 21 EMA to successfully pierced above the 78.6% Fib lvl as the resistance line on the 2Jun.
If the following daily candles continues to hold above the 78.6% Fib, the next level to look out for is the orange 200 SMA line , still lingering just below the golden pocket .
If KAS is able to pierce above the 200 SMA into the golden pocket, this will set up KAS to retest the 0.5% Fib level, which if successful, it would then very likely continue to pierce above the relatively much weaker 38.2% and 23.6% Fib resistance levels for another revisit of the ATH and to hopefully set a new ATH for a blue sky breakout .
$SPY August 1 ,2024AMEX:SPY August 1 ,2024
15 Minutes.
547 consolidations broke with a big gap up.
And AMEX:SPY managed to hold the gap during the day.
If we consider the rise from538.51 to 551.5 then holding 544 uptrend continues.
However, since it will close gap, I need 548 to hold being 38.2% retracement of the rise.
Once 554-555 is crossed i expect once more AMEX:SPY 565 levels.
But first the moving averages need to sort out in 15 minutes.
And oscillator divergence too.
Valuation Trade Setups: NVDA, AVGO, GOOGL, AMZN, PINS & SilverI have been filled long on some trades based on my valuation trading strategy.
In this video I explain the strategy (conditional criteria, entries & money management) implemented with this weeks entries in NVDA, AVGO & Silver (as well as resting orders for GOOGL, AMZN & PINS). I also briefly explain the idea of "relative strength", which I applied this week when I decided to long Silver instead of Copper.
Enjoy.
A fool's buy order.Hi.
I've had a lot of burns with choosing the right entry points in different assets,
so I've formed a strong cynicism towards the 2024 market.
CHZ is a great asset, exploding in the good old days.
Yes, I see a lot of people waiting for his shot right now.
However, using a large timeframe (10D) and the latest Linear Regression Oscillator ,
you can see that things could be potentially volatile over the next few months
and a squeeze to the lows is possible.
Oversold conditions may develop for some more time.
In addition, my favourite SQZMOM warns of an imminent start
of a downward expansion (grey cross).
What did I do?
I placed a buy order.
At $0.015 . :)
If I turn out to be right, I will enter more than successfully.
If it turns out that the Daily timeframe has already confirmed
support and a move is only forming upwards,
I will consider buying from current levels.
Long USD/JPY idea into BOJ and Fed meetingsBOJ rates pricing is as hawkish as it’s been since before the GFC. At the same time, expectations for rate cuts from the Fed over the next 12 months are nearing levels seen in January.
For a FX pair with a rolling daily correlation of 0.95 over the past month with two-year yield spreads between the US and Japan, it suggests there is only limited scope for narrowing interest rate differentials to drive further downside in USD/JPY over the near-term.
When you look at the daily chart, with USD/JPY nearing key support at 151.95 and divergence between RSI and price warning of waning downside momentum, risk-reward appears skewed towards initiating longs heading into the BOJ and Fed meetings later today.
Should we see USD/JPY push towards 151.95, consider going long with a tight stop below the level for protection. Probes higher over the past week have stalled above 154.54, making that a potential initial trade target. Should 155.375 be taken out, the next target would likely be the important 50-day moving average.
Should the trade move in your favour, consider lifting your stop loss or using a trailing stop to protect against reversal. Good luck!
DS
XRP/USD Monthly MACD Crossover: Potential Bullish SignalThis analysis examines a potential bullish signal for XRP (Ripple) against the US dollar (USD) based on a monthly MACD (Moving Average Convergence Divergence) crossover.
What is a MACD Crossover?
The MACD is a technical indicator used to gauge momentum and identify potential trend changes. It consists of two lines: the MACD line (faster moving average) and the signal line (slower moving average). When the MACD line crosses above the signal line, it can indicate a shift in momentum from bearish (downtrend) to bullish (uptrend).
XRP/USD Monthly MACD Crossover:
On the monthly XRP/USD chart, a recent MACD crossover suggests a potential long-term trend reversal towards a bullish direction. However, it's crucial to understand the limitations of this indicator:
Time Frame: Monthly charts provide a broad perspective, but price movements can be slow. Reaching the $1 target price might take an extended period.
Confirmation and Additional Factors:
For a more complete analysis, consider these additional factors:
Price Action: Look for confirmation from price action on the monthly chart. Bullish candlestick patterns preceding the MACD crossover can strengthen the signal. Resources like www.investopedia.com provide detailed explanations.
Other Indicators: Supportive signals from other technical indicators, such as increasing trading volume or a rising RSI (Relative Strength Index), can bolster the bullish case. You can learn more about the RSI at www.investopedia.com
Fundamental Analysis: Technical indicators provide technical insights, but fundamental factors like upcoming developments, regulatory changes, or the overall health of the Ripple ecosystem can significantly impact XRP's price. Conduct research to understand these factors.
Risk Management:
Don't chase price: Avoid the urge to buy XRP if its price starts to surge following the MACD crossover. A measured approach involves waiting for a potential pullback or a confirmation signal before entering a trade.
Set Stop-Loss Orders: Always implement stop-loss orders to limit potential losses if the price movement contradicts your expectations.
Conclusion:
The monthly MACD crossover on the XRP/USD chart is a potentially bullish signal, but it should be used in conjunction with other technical indicators, fundamental analysis, and proper risk management practices. By understanding the limitations of individual indicators and conducting thorough research, you can make more informed investment decisions in the cryptocurrency market.
BoringThe price is in a sideward range for more than 2 years now,. Insofar we should not expect to much now.
We have reached the bottom of the multiple resistance once again and might fluctuate a bit upward now. But one thing has changed: First time since May 2022 the cloud has turned bullish and we have reached its top what makes the support a bit harder.
Perhaps we may see a turnaround now. At least the downward risk is not large.
FLIGHT FLAREHi!
This is the situation on many altcoins, and FLARE is no exception.
A 4 hour or 1 day chart will tell you a little bit about what awaits this altcoin.
You need charts of at least 1 week, and preferably more.
That's 10D (as there is not yet the right history here to effectively apply 19D or 26D).
Watch the Ichimoku clouds.
The Tenkan and Kijun crossed with a golden cross. And soon crossed with the death cross.
In addition, the indication lines entered the cloud. But the Kijun is under the Tenkan and the candles are below both lines.
That's a bad sign, the price will fall out of the cloud.
We're probably talking about a retest of the bottom at $0.0078.
I'm going to place buy orders from 0.017 to 0.008 with 10% spacing between buy orders.
The green cloud may not start to form until the spring of 2025. I have schematically drawn it, while I am not clear about the potential of the asset, but judging by the chart it is big.
Long Kiwi setup looking for a revival in risk appetiteThe New Zealand dollar is a binary bet on how investor risk appetite evolves this week. Having plunged over the past fortnight before bouncing off horizontal support, a setup is in place to look for a reversal. We just need risk assets to oblige.
To reinforce how influential risk assets have been on the Kiwi, its rolling daily correlation with Nasdaq futures sits at 0.92 over the past month. With copper futures it’s an even stronger 0.95 and 0.89 with USD/JPY. It’s deeply negative with the VIX at -0.88, indicating that when volatility spikes, Kiwi usually tumbles.
That suggests Microsoft’s earnings report and speculation before the Fed are likely to heavily influence NZD/USD over the next 24 hours.
NZD/USD screens as decent long setup from a risk-reward perspective, oversold yet still able to bounce off .59593 at the first time of testing, an important level that has provided support in the past. While no guarantee this time will be the same, when RSI has sat at these kinds of levels over reccent years, it has often occurred around a market bottom.
Those taking on the long trade could buy above .58593 with a stop below for protection. Some selling may be encountered at .5900 but there isn’t any real visible resistance levels evident until we get back towards .5985 of .60491.
DS
Is Solana at risk of a price reversal? What historic trends say:Solana (SOL), the world’s fourth-largest cryptocurrency, gained massive attention as it broke out of the crucial resistance level of $187.
Following SOL’s crucial breakout, there is a high chance that it could rise to the next resistance, which is near $204.
However, there is also a concern among the new investors about a potential price reversal from this upcoming resistance.
According to the historical data and price action, whenever SOL has reached the $204 level, it has consistently experienced a notable price reversal.
Since March 2024, SOL has reached this level twice and experienced a significant price reversal each time, which is the reason for the concern among new investors.
As of writing, SOL is trading near $184 and has experienced a 4.5% upside move in the last 24 hours. Despite an impressive price surge, trading volume has dropped by 18% over the same period.
This decline in trading volume might indicate that investors and traders are conscious of the resistance level due to the historical price reversal.
According to technical analysis, SOL recently broke out of the crucial resistance level of $187, and was heading toward the next resistance level of $204.
Following this breakout, there is a high possibility that SOL could reach the $204 level in the coming days.
Relative Strength Index (RSI) is above 50, signaling trend steadiness.
Also, major liquidation levels emerged near the $180 and $203 levels.
This creates a potentially bullish outlook for SOL.
The Cloud is the BottomToday's steep fall was way to steep. We have reached the top of the rising cloud which will be a support. We could not stay below the Island which we had entered 12th-14th June. This signals an oversold status.
A correction of the fall since 16th June is likely now if not a resumption of the uptrend.
Why I Think GBPUSD Will Buy This Week...Technical AnalysisHey Rich Friends,
I hope all is well! This is only a technical analysis of GBPUSD, so make sure you cross-reference your charts and check the news. I think this pair will continue to buy and here is what I am looking at:
- The 3 EMA (blue/smaller) has crossed over the 10 EMA (purple/larger). This is a bullish confirmation for me.
- The stochastic is facing up, the fast line (blue) is above the slow line (orange) and both lines are above. These are all bullish confirmations for me
- The candles have broken and closed above the top trend line. This is a bullish confirmation for me.
Additional confirmations you can wait for:
- Price to close above 1.28900
My TPs will be set at previous highs and my SL will be at a previous low.
Happy Trading and good luck if you decide to take this trade!
Peace and Profits,
Cha
FTSE 100 futures reverse hard to stage bullish breakoutFrom dire to delightful in the space of two sessions – that’s was the rollercoaster ride UK FTSE 100 bulls had to endure late last week with futures taking out stops layered below 8152 before reversing hard on Friday, taking out the 50-day moving average and downtrend resistance dating back to the record highs set in May. Closing at the highest level since June 24, it looks like the move may extend further this week with MACD and RSI triggering bullish signals, hinting at a potential retest of the former highs.
Those looking for this outcome have a variety of setups to choose from depending on how the price action evolves on Monday.
Ideally, a retest and hold above the 50-day moving average would be the preferred setup, allowing for a stop to be placed below the level for protection. Potential upside targets include 8351.5 and record high of 8489.
For those itching to buy the breakout immediately, you could place a stop below 8300 for protection. Targets would be the same as those mentioned above. The final option would be to wait for a potential break and hold above 8351.5, allowing for longs to be established above the level with a stop below to protect against reversal. That setup would need to target 8489 to make the trade stack up from a risk-reward perspective.
Even though the composition of the indices is very different, you get the sense Microsoft’s earnings report after the market close on Wall Street on Tuesday will be highly influential on whether the FTSE sees record highs this week.
Should the bullish momentum be sustained, it will come down to the market reaction to the Fed interest rate decision on Wednesday and Bank of England policy decision on Thursday. The Fed is likely to leave rates on hold but signal a rate cut is likely in September. The BoE outcome is far less certain with markets deeming the outcome a coin flip.
With other central banks turning dovish, I suspect we may see the MPC do a RBNZ and reprioritise growth over the threat of an inflation reacceleration, delivering the first cut of the monetary easing cycle. If it does cut, the signal on the likely path for rates in the future is likely to be more influential on the decision itself, so keep an eye on Governor Bailey’s press conference.
DS