XAUUSDthe gold is currently in the third wave of the pattern and it is likely that it can move towards the targets specified in the chart. A buying support range has also been specified.
M-oscillator
ES divergencyES show a huge accumulative divergence with the RSI and the MACD at daily chart, at this moment of FOMO every bearish strategy will be wrong because all the people are betting to the upside move....
Just looking out the market...
EPIX - Biotech Pre-earnings Run LONGEPIX on the 15-minute chart shows a solid trend up with a set of moving averages as the
guardrails now in a bit of a pullback. The after-hours price action will not appear on the chart
but price jumped 5%. Earnings are anticipated for 2/8 or 2/9 as best as I can tell. Internet
search information is not consistent. So, if tomorrow this is still pre-earnings but price popped
5% overnight, I will take a small long position. If the price is still pulled back to the slowest
moving average, I will take a larger position. No matter I will assess it on a 3-5 minute time
frame and recheck internet information regarding an earnings report. One news catalyst is that
Secretary of Defense has been in and out of the hospital ( DC VAMC) with prostate cancer
and maybe currently getting treatment in a clinical trial of an EPIX drug per the NIH
in Bethesda. Biotech is forecasted to be one of the hottest sectors for 2024. EPIX has
a trend up that impresses me. I will go long on this when I find a best entry and possibly in the
next trading session. The options chain is minimal volume as so represents a liquidity trap.
I will not go there.
DMAIL: A Revolutionary Decentralized Communication ProtocolIn the ever rapidly evolving world of cryptocurrencies, a new entrant often brings with it a wave of excitement and speculation. DMAIL , a recent addition to the digital currency arena, has sparked interest due to its unique proposition and the subsequent market reactions it has elicited. In this review, we will delve into the technical analysis of DMAIL, highlighting its market debut, trading dynamics, and the advanced indicators that shape its current trajectory.
DMAIL: Bridging Communication Gaps with Blockchain
At its core, DMAIL's is more than just a cryptocurrency; it's an innovative solution designed to redefine email communication through blockchain technology. It's utility extends beyond mere financial transactions, it is designed as an AI-powered decentralized communication infrastructure that offers encrypted emails, unified notifications, and targeted marketing across multiple chains and dApps. This broad utility spectrum suggests that DMAIL is not just another digital currency; it's a comprehensive platform aiming to enhance communication security and efficiency in the blockchain space
The tokenomics of DMAIL indicates a current circulating supply of 10 million DMAIL tokens out of a total and maximum supply of 200 million. This data indicates a carefully designed token supply structure aimed at fostering both scarcity and liquidity within the DMAIL ecosystem
Unpacking the Trading Dynamics
DMAIL's trading journey commenced on January 30, 2024, with an opening price of $0.85 on the OKX exchange. The initial trading period was marked by significant volatility, with DMAIL's price witnessing a sharp decline of over 50% from its opening value. This dramatic movement set the stage for establishing multiple areas of interest (AOIs), crucial for future trading strategies.
Noteworthy is the event on February 7, where a sudden drop was met with robust buying activity, creating a minor AOI at $0.3950. This level proved pivotal as DMAIL's price surged by 42% in the ensuing 18 hours. However, resistance at previous AOIs, such as $0.5250, underscored the challenges ahead.
Highlighted by the grey circle
Technical Indicators and Market Sentiment
A critical moment in DMAIL's trading narrative was the identification of a hidden bullish divergence between February 11 and 18, signalling potential market strength despite prevailing downtrends. This divergence, indicating a possible reversal when the price forms higher lows while the oscillator forms lower lows, played a key role in DMAIL's subsequent rally.
Highlighted by the grey circle
Further, the introduction of ERAI, an AI-powered signal generator, brings a new dimension to technical analysis. With machine learning at its core, ERAI's signals become increasingly refined, providing traders with sophisticated insights. On March 6, ERAI issued a buy signal, contributing to an 8.5% gain, showcasing the potential of AI in enhancing trading strategies.
Moreover, the AI social intelligence score offers a novel perspective on market sentiment, analysing the frequency and spread of discussions surrounding a token. For DMAIL, the current bullish sentiment is underscored by a strong presence in social discussions and updates, reflected in high green scores on the AI social intelligence metric.
ERAI's Signals on chart
Current signal status
Looking Ahead
As we observe DMAIL's performance, key levels such as the major support at $0.5850 become focal points for maintaining bullish momentum. The ability of DMAIL's price to stay above this threshold, along with revisiting minor levels like $0.7325 and $0.66, will be instrumental in determining its future trajectory.
However, traders must tread cautiously, as potential headwinds such as the formation of a double top pattern could pose challenges to DMAIL's bullish narrative. The importance of risk management cannot be overstated, especially in a market known for its volatility.
In conclusion, DMAIL's journey in the cryptocurrency market is a testament to the dynamic interplay between innovative utility, market forces, and advanced technical analysis tools. As the crypto landscape continues to evolve, DMAIL's progress will be closely watched by traders and technology enthusiasts alike, offering valuable insights into the future of blockchain-based communication and digital asset trading.
$SPY March 8, 2024.AMEX:SPY March 8, 2024.
15 Minutes.
AMEX:SPY opened with a gap. I closed around 514.2 levels.
AMEX:SPY ended the day with support multiple times on the top rectangle box drawn around 514 levels.
Considering the rise of 508.52 to 515.89 holding 512 levels uptrend continues.
Also due to the gap and holding 514 levels the oscillator also made a high along with the price.
I went long around 515 levels for a target 519-520 SL 512.
We are supported by indicators Elliott oscillator green, CCI green, and black bar on stochastic is on top.
Verizon May Be Losing its MojoVerizon Communications has rallied since late October, and some traders may think its uptrend is fading.
The first pattern on today's chart is the pair of bullish gaps on October 24 and January 23 after strong quarterly reports. Notice how prices continued higher after the initial surge, but faded after the second move. That may suggest improved fundamentals are now priced in.
Second is the narrowing range over the last two weeks. Is that potential triangle breaking to the downside?
Third, VZ has dipped under its 50-day simple moving average (SMA). That may reflect weakness over the intermediate term.
Finally, you have some potentially bearish signals over the shorter term: MACD is falling and the 8-day exponential moving average (EMA) has crossed below the 21-day EMA.
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Short term play idea: FNGD on the 4H ChartI'm entering a long position in FNGD today at market open using 60% of my equity.
Why:
RSI momentum positive.
RSI about to cross 55. I consider he path between 55 and 70 an ideal long.
FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss:
4%
Will move up manually is it goes in my favor.
Risks:
There's a FVG area aroun $3.78
Price might pullback down there putting me in drawdown.
I've decided not to wait for this pullback as I beleive there is enough momentum in the open.
Additional thoughts:
NQ Futures seem overbought on short timeframes suggesting a swing to the downside in the morning.
Lets see how it goes!
Crude Oil Movement In Bearish Flag. Short long set up Hey guys!
Quick long idea for oil chart, we're moving right now in the raising flag which is bearish, but we can to trade the long till red resistance line.
Reasons to open positions:
1) The Awesome Oscillator is close to change the direction to upside, and we can see the similar movement before
2) By moving into the flag we cross the support lines, and we didn't go lower, so also seems like we're repeating the scenario
Take profit, better to put on the resistance line. Stop loss by lowest candle.
IMPORTANT! Always follow RM! We don't trade more than 2-3% of the deposit!
Oil and stocks you can trade on this crypto exchange: bingx.com
$IBIT March 7, 2024NASDAQ:IBIT March 7, 2024
15 Minutes.
Yesterday we had sideways after a gap up open.
For the rise from 34.03 to 38.59, holding 36.5 levels uptrend continues.
I expect a correction as oscillator divergence is seen.
For the larger move from 29 to 39 we need to hold 35 levels being the 61.8 reteracement for the shorter rise 34.03 to 38.59, which is also 200 average sloping upwards.
Any upward movement for today I expect to be resisted around 40 levels allowing moving averages to catch up.
UVXY the VIXX following ETF ShortUVXY the fear and volatility ETF ran up nearly 10% on the past trading day before
retracing a bit all due to the quick about-face in the market at about 1PM New York time.
It moved from the lows at the opening bell and let up with after hours profit taking.
The relative volatility indicator shows the volatility pump and then dump.
The dual signal RSI indicator shows the low time frame in blue dropping faster
than the higher time frame in black. I see this as a good setup for a short trade
that could yield half of the run-up over the next two trading days or 5% by
next Tuesday, August 1. The stop loss set at the top wicking at 17.25 while the target
the pivot low from which price began at 15.55. I have contemplated a put option
on this but have not yet reviewed the options chain. Price action down may begin
slow until price crosses under the POC line of the volume profile and then accelerate
as price drops below the high volume area into relative volume voids.
Is BA Boening ready ?On the daily chart BA had big trend up for November and December but then fell with news
of issues the the Max model which further developed into an FAA inquiry. In the meanwhile
Thailand and India based airlines contracted for more jets and an earnings report beat both
lines especially earnings. It would seem forward earnings are fortified by those new contracts.
The chart shows price currently sitting at the support of the bottom of the high-volume
area of the volume profile and just under the nearby POC line. In confluence, it has been in
consolidation at a Fibonacci level. I consider that BA has been accumulating within a narrow
range and is now well situated for another leg up. The last trend up was about 50% over 2
months. I will take a long trade here anticipating a similar move sometime soon. Targets
are 230 and 250 with call options for August or September also under consideration.
Can INTC breakout from a trinagle ? LONGINTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return. I see INTC
ready to gain price and break out of the triangle. It has a P/E ratio much lower than some of
the high flyers in its subsector making it attractive to value-seeking investors and traders
who like to buy at the lows. Price is now above the long-term POC line where buying pressure
should predominate. Having seen the rise on Friday, some short sellers may begin to buy to
cover and close their positionons especially those with put options from which the time to
realize profits is now.
$IBIT March 6, 2024.NASDAQ:IBIT March 6, 2024.
Started to track this ETF last few days.
For the move from 28.91 to 39.68, IBIT retraced yesterday 50% of the last rise.
Considering the fall of 39.68 to 34.03 uptrend is only above 37.6 levels.
Even crypto I found when too far away from moving averages either goes sideways or retraces.
We have 33 levels as 9 moving averages in daily time frames. Holding that on a retracement target is 38-39 levels as the retrace will be more than 61.8 of the rise.
I would like to watch this for a short around 37 levels SL 38 for a target of 33-34 levels.
$SPY March 6, 2024AMEX:SPY March 6, 2024
15 Minutes.
AMEX:SPY opened with a gap down. Hence 508 was broken very easily. It has retraced 50% of the larger rise 493 to 514 levels.
If we consider the fall fall 514.20 to 504.92 509.5 to 510 is a good level to short.
We have in 15 minutes multiple tops around 513 levels. So need to cross convincingly for an upmove.
As a trending day was expected the third bar in 15 minute time frame gave conformation. It went above the opening high but closed near the low of the bar.
As per the Elliott oscillator, we have a lower low in price but the oscillator has a divergence.
Hence we can assume wave 5 is completed for this move.
Since it is a steep fall from 514 to 505 levels I expect consolidation today with a support around 502 levels.
BTCUSDT1. Bitcoin needs to cool off. RSI and Stoch are sky high on the Daily weekly.
2. Seems like a very similar fractal developing from last major dumps. So a 20-25% dump would not be surprising.
3. On chain it could be seen last week that whales had started to sell.
4. Us 52-58k as your last buying opportunity. Once Grayscale finishes it's selling the ETF inflows will have no serious sell competitor in this market.
5. This is your last and big opportunity. Take advantage of it.
GBCHF 📉 SHORT Idea ✔As we see oscillator's divergence action here, as well as the price reacted the strong supply zone, the possibility of the price declining is high.
Take Profit zones are the minor support zones.
Good Luck to All!😎❤🙌🏽
