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ASX 200 flirts with bearish reversal breakoutElection jitters are in the air, and it is weighing on Wall Street sentiment - and dragging the ASX 200 with it, which also faces pressure from a spate of weak China figures in recent weeks. A potential head and shoulders top has formed on the daily chart, and prices are close to testing a support zone which could double up as a neckline. For now, the ASX appears hesitant to break the 8130/50 support zone which brings could prompt a minor bounce over the near term. A break beneath 8130 confirms the bearish reversal, which projects an approximate downside target near 7900 and the 200-day EMA. Also note the 8100 and 8000 levels which could provide support along the way MS
ASX24:AP1!Short
by CityIndex
$SPY October 31 2024AMEX:SPY October 31, 2024 15 Minutes. Still within the box. For the fall 586.12 to 574.41 4SPY retraced 78%. So double bottom is what Hence, expect. For the fall 583.32 to 576.36 582 is the level to short for 578-579. If this is broken, we can expect 576 levels which is 200 averages in one hour time frame. The issue we have at the moment in one hour is AMEX:SPY made LL at 580.38 and 574.41. But no divergence in oscillator. Hence, I don't see much downside. At the moment. Go long above 585 and short cover at 579 578 levels. Maximum downside as mentioned is 576 levels as of now.
AMEX:SPY
by RiderTrader
2
For altcoins to follow the rise of BTC, ETH needs to rise Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTC.D 1M chart) In order for altcoins to show an upward trend, BTC dominance must be in a downward trend. Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend. You should not judge the market movement solely based on the rise or fall of BTC dominance. At least you should look at it together with the USDT dominance chart. You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising. To summarize the above, - BTC dominance rises: Funds are concentrated toward BTC - BTC dominance falls: Funds are concentrated toward altcoins - USDT dominance rises: Coin market is likely to show a downward trend - USDT dominance falls: Coin market is likely to show an upward trend -------------------------------------------- (ETHUSDT 1D chart) In any case, ETH is the coin with the largest market cap among non-BTC coins. Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise. - Currently, ETH is stuck in the box range (2273.58-2706.15). The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section. Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend. Therefore, whether it can break through the 2666.70-2706.15 section upward is the key. - If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Volatility period starts around November 4th (Title) Volatility period starts around November 4th (example of additional purchase) ----------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATX indicators. The BW (0) indicator is an indicator that appears when the BW indicator touches the 0 point and rises. Therefore, it indicates the point where the rise begins, that is, the low point section. The BW (100) indicator is an indicator that appears when the BW indicator touches the 100 point and falls. Therefore, it indicates the point where the decline begins, that is, the high point section. ------------------------------------------- (BTCUSDT 1D chart) The BW indicator value touched the 100 point and an arrow was displayed. When a new candle is created, it is necessary to check whether the arrow remains the same. The fact that the BW indicator touched the 100 point means that the upward strength is strong. Therefore, it can be interpreted that there is a high possibility that it will lead to an additional increase. However, when the BW (100) line is created, it can be said that it means that the possibility of a decline has begun to increase. Therefore, it means that the possibility of a pull back or decline has begun to increase. - The point of interest is whether it will show a renewal of the ATH by touching the current highest price of 73777.0 or higher, or whether it will continue to decline. There is a saying that the coin market is a trend-following market. It can be said that this is a market with a strong tendency to follow a trend that has been formed. Therefore, when a new candle is created, it is necessary to check the movement of the StochRSI and StochRSI EMA indicators. Since the StochRSI EMA indicator is currently located in the middle section, it is necessary to check how much it rises when a new candle is created and the change in the slope of the StochRSI indicator. - If it progresses downward, the area around 70148.34 is expected to be an important support and resistance area. The reason is that it is near the upper point of the box of the HA-High indicator on the 1M chart. In addition, the StErr Line is passing through the 70148.34-71280.01 section, confirming that it is an important point. - If you bought below 67414.39, it is recommended to sell and wait for the situation to be confirmed when resistance is confirmed in the 68393.48-69031.99 range. You should have sold in installments around 71280.01 or 73000.0 before that. - If the average purchase price is below 67414.39 and you sold in installments around 71280.01 or 73000.0, you can buy more when a pull back is confirmed. However, the additional purchase should not exceed the current holding amount. If you buy more than the holding amount, the average price will rise significantly and you may not be able to hold on or it may turn into a loss. Therefore, when the support is confirmed in the 68393.48-70148.34 section, additional purchases can be made below 70148.34. This additional purchase is possible because the split sale was made. - The next volatility period is expected to start around November 4th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture The full-scale uptrend is expected to start after rising by more than 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 68.45-66.76 ⚡️TP: 69.43 70.50 71.90 🔴SL: 64.89 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
Double Bottom with Billions of Metric Tons of Lithium - SLIHere I have AMEX:SLI on the Daily Chart! Technical - A Double Bottom Reversal Pattern has formed and with the Bullish Rally started from the ~1,800% increase in the Estimate to Reported Results for Earnings and Revenue on Sept. 24th, we see Price Breaking our Confirmation of Pattern @ 1.98! This weeks Price Action has created a Volume Imbalance between ( 1.91 - 2.03 ) that Price may choose to Fill before it pushes Higher! Now Price is struggling with the Resistance of Previous High @ ( 2.28 - 2.38 ) -If this rise can be sustained in becoming a New Higher High than our Confirmation of Pattern, we can expect Price to Retest this Break of Confirmation to find Support! *If the Retest of the Break is successful, we can then suspect Price to find Resistance again at Previous Highs @ ( 3.59 - 3.89 ) Indicators: - Golden Cross with 200 EMA and Dynamic S&R - RSI is Above 50 - Strong Bullish presence in Volume leading to Confirmation of Pattern Fundamental - Under all this utter devastation that Hurricane Helene and Milton have done to North Carolina and Florida and now with the wildfires ravaging Wyoming, these disasters have uncovered massive Rare Earth Elements and Metal Deposits containing around Billions of Metric Tons of essential components needed to power our shift forward from the Industrial Age to what feels like the Digital Age. -Adding potential future mining sites to the already known deposits in Nevada, Pennsylvania and California. EV and other technology advancements will come soon now with these essential minerals and metals possibly on the Brink of Extraction!
AMEX:SLILong
by Novi_Fibonacci
LAC & GM Team Up for Thacker Pass! Here I have NYSE:LAC on the Daily Chart! NYSE:GM plans to contribute $625 Million and seeks to claim 38% of the Joint Venture! This remarkable announcement this week seen the Price of NYSE:LAC hit 4-Month Highs after Breaking Above the Falling Resistance that was keeping it down. The rally seems to be tamed by the Resistance Level and Low that was created in February but is now testing the Break of Falling Resistance for potential Support to keep pushing Price Higher! If Price can Push through this area, we could see Price make a move for the Gap @ ( 4.9 - 6.37 ) then find Strong Resistane @ ( 6.83 - 7.65 ) Indicators: - Price will need to test the 200 EMA in $4 range - RSI is Above 50 (Bullish) - Strong Bullish Volume with Breaking Candle suggests Valid Break - BBTrend Printing Green Bars
NYSE:LACLong
by Novi_Fibonacci
1
Topside wicks, sagging momentum suggests AUD/JPY break may stickAUD/JPY looks primed for downside. The price has broken the uptrend it's been sitting in since late September. RSI (14) is trending lower with the bearish signal confirmed by MACD. And one look at the topside wicks above 101.00 suggests sellers are lurking and unwilling to budge. If the price manages to close beneath the uptrend, you could sell with a stop above for protection. To make the trade stack up from a risk-reward perspective, the 50-day moving average or 98.04 are potential targets. Good luck! DS
Short
by FOREXcom
Additional indicator to be used after the ATH update(StErr Line) Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1W chart) Since it has not risen above 73777.0, it has not yet updated the ATH. ---------------------------------------- (BTCUSDT 1D chart) If the price maintains above 71280.01, it is expected that there will be an attempt to update the ATH again. From the current price position, it seems that it will have to fall below 67414.39-68393.48 to turn into a short-term downtrend. However, if it falls below 70148.34, I think it is necessary to take preemptive action to split it. - When the ATH is renewed, it is like being in an unknown world, so it is difficult to predict with chart analysis. Therefore, in order to know the movement after the ATH is renewed, you have no choice but to use various indicators or chart tools to predict. For this, the Linear Regression Channel that I mentioned earlier was explained. Today, I will explain the StErr Line indicator, which is newly added to the HA-MS indicator. The StErr Line indicator (Standard Error Line) is the baseline of the indicator that forms a band using the Linear Regression formula. If the price is above the StErr Line indicator, it is likely to continue the upward trend, and if the price is below, it is likely to continue the downward trend. You can use the StErr Line indicator together with the BW (0) and BW (100) indicators to determine the trading point. The BW (0) and BW (100) indicators are generated when the BW indicator in the auxiliary indicator touches and breaks away from the 0 or 100 point. Therefore, it allows you to identify the low or high point range. The Linear Regression Channel or StErr Line indicator is a tool for chart analysis, but if you use it with support and resistance points, you can use it to create a trading strategy. - Have a good time. Thank you. -------------------------------------------------- - The big picture It is expected that the full-scale uptrend will start when it rises above 29K. The next expected range to touch is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points that are likely to receive resistance in the future. We need to check if these points can be broken upward. We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1
Zoom Video Communications, Inc. - Bullish divergence*investment opportunity* A 90% correction since late 2020 on the above 4 day chart. There now exists an excellent opportunity on this stock. Why? 1) Price action and RSI resistance breakouts. 2) Support and resistance, look left. Price action is on past support. Terrific. 3) Bullish divergence. Lots of it, as measured over a 100 day period. Is it possible price action falls further? Sure. Is it probable? No Ww Type: Investment Risk: <=6% of portfolio Timeframe: Act now Return: Rather awesome. Will say elsewhere. Stop loss: Will say elsewhere.
NASDAQ:ZMLong
by without_worries
4
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields. With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated. After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks. If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA. Good luck! DS
Short
by FOREXcom
4
The key is whether there is support near 0.15330 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (DOGEUSDT.P 1W chart) If the price has risen sharply but you have not been able to start trading, it is recommended to check what kind of movement is shown near the support and resistance points and then start trading. Accordingly, it is recommended to check whether there is support near 0.15330. - (1D chart) If it continues to rise like this, it is expected that the StochRSI indicator will rise to around 50 when it rises to the 0.16625-0.18218 range. Accordingly, there is a high possibility of volatility, so I think you can start trading depending on which direction it deviates from the 0.16625-0.18218 range. Since it rose above the upper part of the parallel channel, it is likely to show a tendency to return to the channel over time, so I think it would be good to check for support around 0.15330 and decide whether to start trading. - (1h chart) 1st: Touch the Standard Error line and see what movement it will show, 2nd: Touch around 0.15330 and rise along the channel, 3rd: Touch the 5EMA of the 1D chart and see what movement it will show, I think it's not too late to start trading after checking what it looks like in the 1st-3rd above. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
2
If you see support near 2706.15, it's time to buy Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1M chart) I think it needs to rise above 2706.15 to start an uptrend. Therefore, when it shows support near 2706.15, it's time to buy. If it falls below 2281.87, you need to be careful because you don't know how far it will fall. - (1W chart) The point to watch is which direction it deviates from the 2281.87-2706.15 section. If it falls below 2118.67-2281.87, it is likely to meet the HA-Low indicator. The HA-Low indicator is currently formed at 1340.12, but it is likely to be newly created as the price falls, so you should check the movement of the HA-Low indicator. If it rises above 2706.15 and maintains the price, it is likely to turn into an uptrend. Therefore, if the rise starts, you should check for support near 3265.0-3321.30 or 3438.16-3644.71. - (1D chart) The reason why it needs to rise above 2706.15 is because the M-Signal indicator is currently in a reverse array and the M-Signal indicator on the 1M chart is passing around 2666.70. In order to show a continuous upward trend, the price needs to be maintained above the M-Signal indicator on the 1M chart at least. Accordingly, the key is whether it can be supported around 2555.69, where the M-Signal indicator on the 1D chart is passing, and rise above 2706.15. If it fails to rise, it needs to check whether there is support around 2359.35. - The HA-High indicator on the 1D chart is formed at 3787.59. As the price rises, it would be nice if the HA-High indicator on the 1D chart is newly generated, but if not, it is expected that a full-scale uptrend (stepwise uptrend) will begin only when it rises above 3787.59. Accordingly, the point to watch is whether the HA-High indicator on the 1D chart falls and is generated. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale uptrend will begin when it rises above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Whether to challenge the ATH is the point of interest Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) It is showing an upward breakout of the 1st section. Accordingly, the key is whether the price can be maintained above the 68393.48-69031.99 section and rise to around 71280.01. If it shows a sharp rise, it is expected to touch around 73000.0. If it rises above 70148.34, the StochRSI indicator is expected to rise to around 50, so you should be careful about volatility. --------------------------------------- (BTCUSDT.P 1h chart) When viewed with the Linear Regression Channel indicator that automatically draws parallel channels, it shows an upward breakout of the upper part of the channel. Accordingly, when entering the channel, we need to check at what point support and resistance will be shown. Currently, it is expected to check whether support is found by touching the 69020.1-69332.4 section or the 70168.8-70320.3 section. The 5EMA of the 1D chart is rising to around 68447.9. The next volatility is likely to occur when touching the 5EMA of the 1D chart. If it touches the 70168.8-70320.3 section and falls, the 68447.9 point is expected to be the liquidation point. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Important volume profile section: 5.163 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTC.D 1M chart) I think that in order for the altcoin bull market to start, BTC dominance must fall below 55.01 and be maintained or continue to fall. If BTC dominance rises above 62.47, I think that altcoins are likely to show a sharp decline or plunge. Accordingly, I think that now is not the time to trade altcoins. To trade altcoins, you need to respond quickly and briefly. ---------------------------------------- (RUNEUSDT.P 1M chart) Since a volume profile section has been formed around 5.163, the point to watch is whether it can receive support and rise around 5.163. - (1W chart) In the 4.404-5163 section, the M-Signal of the 1W chart > the M-Signal of the 1M chart, showing signs of transitioning to a regular array. Accordingly, whether there is support around 4.404-5.163 is an important issue. - Based on the current price position, since the HA-High indicator of the 1W chart is formed at the 7.683 point, I think that it is highly likely that a full-fledged uptrend (stepwise uptrend) will begin if the price rises above 7.683 and maintains its level. - (1D chart) The point of interest is whether it can receive support near 5.421 and rise above 6.605. If it falls below the 5.050-5.218 range, you should check for support near 4.404. - Since the StochRSi indicator is located near the 50 point, there is a high possibility of volatility. Therefore, you should check for support and decide when to trade. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that the real uptrend will start after rising above 29K. The section expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points. We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Cardano (ADA) 70% macro correction to 15 cents?On the “Alt-coin market preparing for a 10x move” idea from July 2023 (below) it was written: “A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective.” Legacy token holders are slowly coming to the realisation this was not hyperbole. LTC, MATIC, ALGO, you name it, legacy tokens are underperforming. ADA is now added to the list of tokens set to show significant underperformance for the remainder of this bull market. On the above weekly chart ADA price action has confirmed significant negative divergence across 8 oscillators as measured over a 2 month period. Just as it was in March 2021. Look left!! In addition to the divergence price action has confirmed legacy support as resistance. It does not get much more bearish than this. But it does… The ADA / Bitcoin ratio.. The ADA.btc pair has confirmed resistance following a confirmed break of market structure. This is not indicative of other tokens currently over performing in the space. Is it possible price action see higher highs? For sure. Is it probable? No. Ww Alt-coin market preparing for a 10x move ADA.btc monthly
Short
by without_worries
75