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Ethereum (ETH) Weekly AnalysisCurrent Situation: Last week, Ethereum (ETH) moved sideways with a modest 1.5% price increase. Bulls made several attempts to push ETH above $3,900 but faced strong resistance. Key Resistance and Support Levels: Resistance Level: $4,000 Immediate Resistance: $3,900 Support Levels: $3,700 and $3,500 Price Action: Despite multiple attempts, ETH has been unable to break the $3,900 level, indicating that the $4,000 resistance will require more time to be surpassed. The sideways movement under this key resistance suggests that ETH is consolidating and preparing for a potential breakout. Trend Analysis: Bullish Outlook: The overall trend remains bullish. As long as the price continues to consolidate under $4,000, the asset has a good chance to eventually break this level and make new highs in 2024. Support Levels: If sellers push the price lower, strong support is found at $3,700 and further at $3,500. Looking Ahead: June Outlook: Another attempt to break the $4,000 resistance could occur in June, given the current bullish trend and consolidation pattern. Trade Strategy: For Bulls: Monitor for a breakout above $3,900 and $4,000 for potential long opportunities targeting new highs. For Bears: Watch the support levels at $3,700 and $3,500 for potential short opportunities if the price retraces. Stay informed and ready for potential movements in the Ethereum market. #Crypto #Ethereum #ETH #MarketAnalysis #SupportAndResistance #BullishTrend #PricePrediction #Cryptocurrency #Blockchain
Long
by Richtv_official
Polkadot (DOT) Daily Chart AnalysisCurrent Situation: A detailed examination of Polkadot’s (DOT) daily chart reveals a bearish sentiment. The price faced rejection after a period of sideways movement around the critical $7.5 resistance level and the significant 200-day moving average. Bearish Indicators: Resistance Rejection: The price was rejected at the $7.5 resistance level, reinforced by the 200-day moving average. Seller Dominance: Sellers are currently dominating the market, suggesting a bearish retracement towards the $6.5 threshold is increasingly likely. Key Support and Resistance Levels: Resistance Level: $7.5 Support Level: $6.5 Market Context: Despite the bearish sentiment, Polkadot remains confined within a decisive range marked by the $7.5 resistance and $6.5 support. A breakout from this range will likely establish the direction for a sustained trend. Trade Strategy: For Bears: Watch for a break below the $6.5 support level for potential short opportunities, targeting lower levels. For Bulls: A break above the $7.5 resistance could signal bullish momentum, providing opportunities for long trades. Stay vigilant for a decisive breakout from this range to gauge the next sustained trend direction for Polkadot. #Crypto #Polkadot #DOT #MarketAnalysis #SupportAndResistance #BearishTrend #200DMA #TradingStrategy #Cryptocurrency #Blockchain
Long
by Richtv_official
THETA Short-Term Bounce SetupCurrent Situation: THETA has been drifting lower due to general market indecision but may be poised for a short-term bounce. Trade Strategy: Entry Point: Enter a long position within the $2.09 to $2.03 range. Take Profit Targets: First Target: $2.21 Second Target: $2.32 Third Target: $2.44 Stop Loss: Set a stop loss at a candle close under $2.01 to manage risk. Confluence Factors: Support Levels: The current zone ties in with two trends, 0.786 Fib support, and horizontal levels. Stochastic RSI: The Stochastic RSI has reset on daily, 12-hour, 8-hour, and 4-hour timeframes, indicating potential upward momentum. Risk Management: Monitor for a wick into the entry zone. Ideally, look for a candle close below this zone before exiting if weakness persists. If market weakness continues, watch for reactions at the two yellow zones marked as potential bounce regions on the way down. Stay alert and trade carefully! 📊📈 #Crypto #THETA #Trading #BounceTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
IMX Long Trade SetupCurrent Situation: IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes. Trade Strategy: Entry Point: Enter a long position within the $2.15 to $2.10 range. Take Profit Targets: First Target: $2.26 Second Target: $2.39 Third Target: $2.53 Stop Loss: Set a stop loss at a candle close under $2.09 to manage risk. Risk Management: Watch for weakness into the ENTRY box to reduce stop-loss risk. Be mindful of leverage, as losses are amplified if the trade goes against you. Alternative Long Zone: If the current setup fails and IMX drops further, consider entering a long position in the $2.03 to $1.99 region. Stay cautious and good luck with your trading! 📊📈 #Crypto #IMX #Trading #LongTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
S&P stalls in indecision; still bullishLast week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the previous 5 days. It was a strong move but for some reason sellers lacked conviction to go lower. Price pivoted after filling the gap from Wednesday 15th and went back into the balance zone ( 527.5-531.5 ). We should expect more pushes and pulls in the short term while market is fishing for new information. To confirm their control buyers must clear last week high ( 533 ) and build value above it. Bears’ objective is to break last week low ( 525 ). Until it happens the most likely scenario is bracketing within last week range. It is important to note that while short term direction is unclear, we are still in weekly uptrend. So bears must work twice hard to prove their strength Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPY
by hermes_trisme
1
EUR/USD Intra Day/Week Play 28/05/2025On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation pattern. On the weekly we can see that price has been ranging btween 1.10082 (highs) and 1.07237 (lows) When we head down to the 4 hour we can see that price has mitigated the previous 4hr bearish order block to then form a break out to the downside, it then returned to the break out levels further claiming all the sell side liquidity in the zone and is preparing for a move downward to fill the imbalance @ 1.07953 and tap into either the bullish order block at 1.07876 or 1.07459 This upward movement is also supported by the bearish candle crossing the 20ema to test 100ema with a pisitive reaction to the upside on the 4hr indicating strong buying interest. In this scenario, we would look for an entry at 1.07856 with a stop loss at 1.07117 and take profits at 1.10107 securing a nice 1:3 Risk to Reward. Let me know what you guys think. Hope you have a great week ahead. Happy Trading.
Long
by FXCapitalClub
Altcoin Market on the Brink of SurgeAnticipation Builds: Traders eagerly await capital inflow into altcoins, known for substantial gains during bullish runs. TOTAL3 Catch-Up: The TOTAL3 index lags behind the market, currently finding support between $670B and $705B. Breakthrough Attempts: Recent days witnessed multiple efforts to breach the upper limit at $705B, signaling a potential market shift. Surge Forecast: Upon breaking $705B, a surge in altcoin activity is expected, with resistance zones at $754B-$780B and $840B-$875B. Stay tuned for updates as the altcoin market gears up for potential gains! 🚀📈 #Crypto #Altcoins #TOTAL3 #MarketAnalysis #Cryptocurrency #Blockchain #Trading
CRYPTOCAP:TOTAL3
by Richtv_official
2
Nifty Short, Medium, Long Term 28-May-24 to 31-May-24Nifty Short, Medium, Long Term 28-May-24 to 31-May-24 Nifty closed at 22932 (22466) and touched low & high of 22409 & 23022 RSI and stochastics levels was up from last week (66 % & 86% Respectively). Stochastic in over bought levels (>90%) on 26-May-24 and started reducing on 27-May-24 Anticipation in Political results lifted the market as exit poll started coming. As mentioned in the past 1.5 month, Post govt budget, current govt proposed 100 days plan will lead the market in coming days. Investment decision is mixed as market will be highly volatile due to the above factors. Hence those people have high risk can sell partial stocks and book profit, those have more money to invest can wait for small dips to invest. As far as my opinion, if market touching 24000 can book partial profit and can wait for market to correct as there is a strong resistance in that zone. Nifty 22932- Short & medium term (Neutral ) nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed resistance decisively. Nifty at PE 21.5 below the Historical Average of 22.5 Short term support 22300-22400 Short Term Resistance : 23150 ( Trend Line as shown in chart) Medium term Support - 22160 ( Trend Line) and 20830 Fib Support as shown in the chart. Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 49456 (48199) - As proposed from 47250 level nifty bank jumped more than 7%. Investment decision in Nifty bank, bank stocks helped in portfolio. Still can continue to invest whenever dip in bank and other nbfc stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quantities till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again and crossed the resistance decisively and touched 23000. Nifty at PE 21.8 below the 3 year Historical Average of 22.5.. Short term support 22312 (MA 50)- Nifty last week had a pause between 2220-22300/ 22050 ( Trend Line Support as shown) /21800 Medium term Support - 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 48199(47421) - Nifty bank tested trend line support 47000 last week and later part of the week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quantities till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)
NSE:NIFTY
by karthikss
XAU/USD Monday Trades ReviewToday's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move to the upside, but I'm always a fan of securing the profits and being risk-free. I had 10% left in the trade, and I prefer to exit completely, enjoy the rest of the evening, and protect my psychology with a clean win to head into tomorrow's trading day positively. 📊😊 Hope you all had a great day and will catch you in the AM for tomorrow's trades. 🌞 Capital Club Team 💼
OANDA:XAUUSDLong
by FXCapitalClub
Premium Gold idea for this upcoming week $$$Based on historical trends and current market conditions, XAU/USD is likely to be bearish for day trading with a starting price of 2414.44. Traders should monitor real-time market dynamics and economic data releases for potential price movements throughout the upcoming week. Entry: 2414.44 SL: 2422.72 Target 1: 2370.95 target 2: 2332.10 #Xauusd #bearishtrend #daytrading #marketanalysis #financialmarkets #priceprediction #economicdata #realtimemarketdynamics Like share comment and click the follow button for more
OANDA:XAUUSD
by TradeGod003
4
S&P bulls are unstoppable; market reaches new highMarket closed strongly last week after reaching a new historical high. There was some sluggish consolidation on Thursday-Friday but near end of Friday trading hours, bulls put end to it by setting hourly higher low. Friday closed within Thursday’s range after a failed break-out, which is a very bullish signal. Currently, we have full alignment on all major timeframe: price is in uptrend on weekly, daily and hourly timeframes. There are absolutely no warning signs that would speak for bears. Both short- and long-term outlooks are bullish. If you're already in a long position, you're fortunate and can rest easy. If you're considering entering the market, you can either wait for another pullback or enter now with a reasonable stop-loss. FOMC minutes are coming out on Wednesday, which could cause some unexpected volatility. However, if there are no major surprises, the bullish thesis remains unchanged. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
4
Zoom (ZM): Zoom Bottoming Out? Major Accumulation Signs!A stock we previously considered "dead" and seemingly on its last legs is Zoom. Despite its current low standing, it warrants another look. Zoom is currently trading around its lowest level ever, approximately $58 to $59. This is a stark contrast to its all-time high of $588, marking a significant sell-off following the end of the COVID-19 pandemic. Stocks like Zoom are challenging to evaluate due to the massive fluctuations in value. Historically, Zoom has tested and held the $250 level seven times, but now, for the first time, it’s been in a prolonged sideways movement. This could indicate an accumulation phase, often seen when stocks are at their lowest, suggesting that Zoom might be finding a bottom. Moreover, there's a trendline within this accumulation phase that has been touched three times, reinforcing the possibility that Zoom is stabilizing. This trendline might act as a support level, potentially leading to a period of growth or at least stability. Zooming in further, we notice that during this accumulation phase, there are four notable touchpoints on the trendline. While two points dip slightly lower, this is not overly concerning given the overall price action. The trading volume within this phase is visible and consistent, with price movements often oscillating around the Point of Control (POC) at $67. Prices fluctuate above and below this level but tend to return to the POC, indicating strong trading interest at this price point. Currently, Zoom has the potential to rise towards $72, which corresponds to the High Volume Node Edge. This movement could involve a retest of both the trendline and the POC. A successful retest and subsequent breakout from these levels could provide the necessary momentum to break out of the accumulation phase, potentially opening the door for significant upward movement. In summary, while Zoom has faced a dramatic decline, the current price movement and trendline support could indicate a phase of accumulation, suggesting that it might not be entirely out of the game yet. While this scenario is intriguing, it is also fraught with risk. Therefore, we are opting to remain on the sidelines for now, monitoring the situation closely.
NASDAQ:ZM
by freeguy_by_wmc
Overall Sentiment for US Economy from January to May 2024The period from January to May 2024 has been marked by significant bearish sentiment due to multiple geopolitical events. The escalation of conflicts in Ukraine, increased US-China trade tensions, disruptions in the Red Sea, and heightened hostilities in the Middle East have collectively contributed to market instability. These events led to increased energy prices, supply chain disruptions, and heightened global volatility, which pressured the US Dollar Index. The overall bearish impact on the dollar was driven primarily by inflationary pressures from higher oil prices and increased geopolitical risks, reducing demand for the dollar as a safe haven. Large institutions had to adjust their portfolios and manage risks strategically to navigate the volatile environment.
TVC:DXYShort
by CandlesofKarma
Nifty Short, Medium, Long Term 20-May-24 to 24-May-24Nifty Short, Medium, Long Term 20-May-24 to 24-May-24 Nifty closed at 22502 (22055) and touched low & high of 21836 & 22514 Nifty was up from the support level. RSI and stochastics levels was up from last week (56 % & 69% Respectively). Both are moving up towards oversold zone. Nifty 22502- Short & medium term (Neutral till it cross 22820 decisively) As mentioned in the past 1.5 month, nifty reached the near term target 22819 (Fibonacci extended resistance target) again, formed a 'W' pattern. ( 22819 Target- which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak/23000 which need be crossed decisively. Nifty at PE 21.5 below the Historical Average of 22.5, only Political results is awaited which will give a clear direction. Short term support 22312 (MA 50)- Nifty last week had a pause between 2220-22300/ 22050 ( Trend Line Support as shown) /21800 Medium term Support - 20877 Fib Support as shown in the chart. Long Term Market expected range bound between 24000 ( Trend Line Resistance till Jun 2024) & Support at 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). All Companies so far posted results are average other than Bank & Finance stocks which posted Good results, IT posted muted growth, Maruti posted good results, Reliance, Ultratech posted good growth. Other manufacturing, capital goods companies results are awaited in coming weeks. Nifty bank 48199(47421) - Nifty bank tested trend line support 47000 last week and later part of the week. Many bank & Finance stocks are buyable zone. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for Axis Bank , Indusind bank ,ICICI Bank definitely can be added as portfolio stock. Kotak Bank ( after the fall due to RBI regulation can be added slowly whenever there is a dip), Bank of Maharasthra ( Buy on Dips) ,Canara bank( Buy on Dips) can be accumulated slowly as well. Following Finance Stocks can be added as it posted good results are Bajaj Finance, Bajaj Fin Serv, Manappuram Finance, suryoday small fin,Motilal Fin, Chola Finance, ICICI Securities. Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Apollo tyres, Biocon, Coforge & persistent Sys can add these stocks to portfolio. Please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) Comments : Positive Lok Sabha Election result expectation, Global trend helped sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue govt post election without any additional support of other parties so that govt can be confident enough to take decisions. Hence whenever there is a dip in the market, continue to buy on small quantities till post election survey results are revealed on Jun1- Jun 3rd and Jun 4th Election results. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun/ Sep 2024. Market may correct if any global news till 19500 as there is strong multiple fib support in this range. Nifty IT broke the Major support at 33350 and went down upto 32919. Nifty IT Stocks like TCS, Infosys, Wipro gave muted results in Q4 2024. Can be added for short rally as it fell sharply, however strictly for long term and also in portions slowly on each fall ( say 5-10% of total investment in IT stocks). Whenever there is such dips and new lows ( in the last 1 year) We can add slowly considering 2-3 years. It need to break above 38000 needed to further move up. Future of technology stocks are in high pressure due to AI as it is reflecting in US and Indian technology stocks. Especially Indian IT stocks is in a non decisive path and downtrend.ifty Short, Medium & Long Term View- 13-May-24 to 17-May-24 every dip of individual stocks (2-5% of portfolio on each purchase for long term)
NSE:NIFTY
by karthikss
Aggregate Rate of Return All 401(k) PlansThe purpose of this chart is to show how retirement funds are drained once returns reach 20%. The reason this happens is because the purpose of the 401(k) is to prevent working people from ever reaching anything that resembles financial independence. From the time we begin our careers to the time that we reach retirement age, we are CONSTANTLY told that if we do NOT use the 401(k), we are "leaving free money on the table". But look at the chart. The reality is: retirement funds get drained, people lose their life savings ('08), and big institutional funds (supposedly fiduciaries) get bailed out, WHILE YOU LOSE EVERYTHING YOU WORKED TO BUILD. All I'm saying is: if you work with a "financial professional", you have a right to ask questions. You have a right to seek answers. You have a right to know what THEIR plan is for YOUR money. Look at the S&P 500. Ask your advisor: What causes these massive drops? Why does this occur? Am I protected? I will build on this in my subsequent chart publishing.
TVC:SPXShort
by ChiefMacro
7
S&P rally continues; will we see new high?After confirmation of control in the first days of May, bulls enjoyed their dominance. The market opened with a gap up on Monday, rallied throughout the entire week, and closed very strongly within the top value area. There was some profit-taking on Monday, but sellers were not able to push the price even below the previous day's high. At this stage, there are no major warning signs for the buyers. On the other hand, there are many signs that confirm their strength: 1. Price is in a daily uptrend, aligned with higher level context (weekly/monthly uptrend). 2. Two unfilled gaps (Friday the 3rd and Monday the 6th). 3. Strong close of the week within the top value area (price has retraced >80% of April’s bearish wave). The only technical weakness on the chart is the monthly consolidation. Bears might try to defend April’s high ( 524 ), but unless they receive support from economic reports coming this week, their position looks very vulnerable. An important level for the bulls is 515 , where the price pivoted on Wednesday after a pre-market sell-off. Important economic data will be released on Tuesday and Wednesday, which could cause volatility in both directions. But as long as there are no major negative surprises, pullbacks are buying opportunities Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYLong
by hermes_trisme
📉📈 SUPER Trade Analysis 🔄💼Trade Overview: SUPER has reached a robust support area, maintaining its position for the past month, indicating potential for a long trade opportunity. Trade Strategy: Entry: Consider entering a trade between $0.81 - $0.93, capitalizing on the strong support zone. Take Profit: Set take profit targets at $1.118 - $1.27 and identify the next area of resistance at $1.40 - $1.55. Stop Loss: Place the stop loss just below $0.77 to mitigate risk. 📊🔍 Stay vigilant and monitor SUPER's price movement for trade management! #SUPERTrading #CryptoAnalysis 🌐🔒
Long
by Richtv_official
🚀💻 Nvidia (NVDA) Analysis 📈🔍Market Overview: Nvidia's NASDAQ:NVDA recent rally has bolstered bullish confidence, driven by anticipated revenue and profit growth, and positive analyst outlooks, particularly from Goldman Sachs. The company's leading position in the AI-powered GPU sector further contributes to positive sentiment, with potential for continued uptrend supported by upcoming earnings reports. Analyst Projections: Goldman Sachs' raised target price of $1,100 per share reflects market optimism, fueled by revenue growth forecasts to $110 billion by 2025 and 8% annual profit growth through 2027. Investment Outlook: Long-Term Breakout: Investors are eyeing a potential long-term break above the $1,000 mark, aiming for sustained momentum beyond historical highs. Risk Awareness: A break below the current upward trend line could disrupt the bullish scenario, leading to sideways movement or attempts to push the price lower. 📊🔍 Stay vigilant for signs of trend reversal or corrective movements while monitoring Nvidia's performance! #Nvidia #StockAnalysis 📉🚀
NASDAQ:NVDALong
by Richtv_official
S&P bulls attempt to regain control but they are not there yetLast week, using oversold bounce, buyers attempted to regain control over the price. Their effort was somewhat successful, as they managed to establish both a higher low and a higher high on the daily chart. However, they failed to set a weekly low, which was a challenging task given the magnitude of the previous week's range. This indicates that bears still maintain control over the weekly (and monthly) timeframes, suggesting that we should expect to see more selling pressure in the short term. The immediate objective for bulls is to test the price above last week's high ( 509.9 ) and to close the month within March's range. They must also protect the last higher low ( 497.5 ) or the last weekly low ( 495.5 ), or else their progress will be undone. The short term outlook is mildly bearish. Watch out for volatility on Wednesday as important economic data is released and FED announces decision over interest rate Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYShort
by hermes_trisme