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Multiple Time Frame Analysis

80% correction for PDD Holdings Inc ??On the above 12 day chart price action has increased 450% since March 2022. A number of reasons now exist for a bearish outlook. They include: 1) Failed support for price action and RSI. 2) Regular bearish divergence, lots of it. Seven oscillators print negative divergence with price action. Look left. 3) The rising wedge breakout and backtest. On confirmation price action has a high probability or returning to where the wedge began as measured from the apexes, which is $30. Is it possible price action continues upwards and onwards? Sure. It is probable? No. Ww
NASDAQ:PDDShort
by without_worries
4
10/2 Friday will decide your crypto fate.Overview: The AMEX:SPY opened lower than yesterday's close, continuing its bearish trend, but managed to recover and end the day in the green. However, the MACD on both the daily and 4-hour charts shows a bearish divergence, indicating potential weakness ahead. Tesla took a significant hit, dropping by 3.5% and ranking among the day's biggest losers. NASDAQ:QQQ also saw a decline, though less severe, as it isn’t facing the same pressure from all-time highs as other sectors. Tomorrow, the FED will release the latest initial jobless claims data. If claims come in below the expected 220,000, this could indicate an improving labor market, which would make it harder for the FED to aggressively cut interest rates. So, if you want that rate cut, maybe submit that jobless claim! BlackRock ended its 7-day Bitcoin ETF buying streak, selling $13.7 million worth of Bitcoin today. This is roughly half of the largest amount they have sold in one day, which was $38.9 million. BTC TA: W: The situation remains unchanged from yesterday. BINANCE:BTCUSD is still sitting below critical levels that could have shifted the trend to bullish. Geopolitical tensions and a strengthening U.S. job market are likely to keep the weekly candle in the red. D: Wednesday's candle formed a red doji, with both the open and close below the crucial $61.4k weekly level. Early Thursday price action briefly touched this level before pulling back, confirming it as a resistance. The MACD and RSI are still working through the aftermath of the divergence seen during the bull trap, showing no signs of trend reversal. A short-term pullback to the $62.5k-$63k level is possible but more evident on lower timeframes. Neutral. 4h: RSI is in the oversold zone, and the MACD histogram shows the downtrend is losing momentum. It took significantly less volume to push the price lower to $60k, suggesting a potential short-term bullish move toward the BB MA at $62.5k. 1h: London traders triggered a mass sell-off in the last two hours, pushing BTC down 1.46% and rebounding from the $61.4k resistance level. Have you copied these key levels to your chart? The next question: Will $60k hold, or will it break in the next few minutes? Alts Relative to BTC: Major altcoins like SOL, NEAR, and ETH have all broken their lows and are heading toward their early September levels. TAO and FTM, which performed well last week, are not immune, declining by 7%. Only SUI is holding steady for now, but for how long? Bull Case: If Jerome Powell reports on Friday that inflation has cooled, it would confirm a slowing economy and pave the way for further interest rate cuts. This could spark the 6th bull wave, sending crypto prices soaring once again. Bear Case: This week could continue to see prices fall further, potentially marking the end of the 2024 crypto bull run. Fear and Greed Index: The index stands at 36.22, well into the Fear territory. Historically, when the index dips below 40, it's a signal to start buying some blue-chip altcoins, even if you're a day or swing trader. We recommend having a separate account for long-term investments. Remember: Be greedy when others are fearful. Prediction: If we can dodge the bullet of World War III and the market remains unaffected by major macro events, we could see a correction to the $62.5k-$64 k level. Opportunities: Short the last standing king of altcoins - SUI.
COINBASE:BTCUSD
by EvgenCapital
XAU/USD 03 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously mentioned, price action remains erratic, driven by ongoing macroeconomic data and heightened geopolitical tensions. Since last analysis, price has printed a double bearish iBOS, aligning with the H4 bearish pullback phase as expected. An internal range has been established, with the price reacting from the extreme high of this range. Intraday Expectation: The price is expected to target a weak internal low. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
EURUSD Multi TImeframe Analysis 03.10.2024M15 Swing and Internal Structures are both Bearish aligned with 4H Structure. If you are looking for Longs, beter be cautious. The price is now in Daily Demand zone and approaching to old 4H Demand but this low is likely to be taken so I don't think it is going to hold long but we might see fake 15m bullish breaks in this 4H demand before it fails. Ideally wait price to mitigate 15m Supply to take shorts which would be more probable than long positions. Check 4H and Daily Analysis below
Short
by alplaila
CAMS NSE 3Y RBC Breakout MTF/WTFCAMS has formed a 3Year Rounding bottom Cup( RBC) with. High Volume creating a new All Tile High (ATH) and 52W ATH on the Weekly and Monthly time Frame (WTF/MTF) Price is currently above 21EMA and 21EMA is above 50 and 200 respectively suggesting a Bullish Trend CAMS is trading above the 50% FIBO Retracement Range CAMS is currently consolidating in a Range, Enter when Range is broken on WTF. SL below thw consolidation Range @4200. enter with 25% Quantity when price touches @4300..Add progressively. at higher Close
NSE:CAMSLong
by billpramod
Key Support Holds for USD/JPY: Will the Pair Break Past 150?On Friday, USD/JPY experienced a significant sell-off, losing around 500 pips in a sharp downward movement. However, after reaching the key horizontal support level at 141.64, the pair managed to find some relief and began a recovery, suggesting that the recent decline may have been short-lived. Currently, USD/JPY is working to negate this steep sell-off, indicating that the recovery process could be underway. In my view, USD/JPY is poised to continue its rebound from the 162-140 decline, with the potential to surpass the psychological barrier of 150. If the pair successfully breaks through this level, it could head toward the important resistance zone near 152, which will be a critical point for further bullish momentum. For shorter-term traders, there are additional levels to monitor before reaching the 150 mark. Key upside targets include 147.30 and 149.40, both of which present potential profit-taking opportunities as the pair continues its recovery.
Long
by Mihai_Iacob
GILLETTE NSE WTF/MTF 5Yr BreakoutE GILETTE has formed a 5year Rounding bottom Cup on the Monthly Time Frame including nearly completing a Retest. Hitting a ATH 9500 The Stock shows support at the 50EMA, 21EMA is above 50EMA currently.. .wait for reversal Early Entry can be taken with 25% Qty when the price closes above the previous week High. Add Quantity as price moves higher in tranches of 25% when weekly close is above previous week high Swing Entry recommended at 8700 Day close with a @14% upside from current price.. Keep SL below the previous Week Low
NSE:GILLETTELong
by billpramod
ORBS Network to the moonOn the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole measures a 2000% move to the 55 cent area. 5) Weekly GRM support confirmation. Some of you know what this means, some of your don’t. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade Risk: <=6% Timeframe for long: Today Return: 15-20x
Long
by without_worries
13
A 80% correction for SOLANA to $30 ??On the above 3 day chart price action has jumped 2200% from the lows of January 2023. A number of reasons now exist to expect a significant drawdown for price action. They include: 1) Price action and RSI support failures. 2) Double top in price action. 3) Price action rejects support on rising channel. 4) Price action confirms resistance of the 3-day / 50.sma (blue line). Blue arrows. 5) The support and resistance area at $30 is also the Fibonacci 0.382, which price action corrected to previously. 6) I just know this idea is not going to popular so please have a look at the previous bearish forecast for SOLANA and even better read the comments on there before becoming a cliche. Is it possible price action continue going up? Sure. Is it probable? No and no. Ww Previous idea to $5
Short
by without_worries
66