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#AUDJPY 4HAUDJPY 4-Hour Analysis The AUDJPY pair is currently trading near the upper boundary of a channel on the 4-hour chart, where it faces strong resistance. This channel resistance suggests potential downward pressure, creating a possible sell setup. However, it’s best to wait for price confirmation before entering a short position. Technical Outlook: - Pattern: Channel Resistance - Forecast: Bearish (Sell Opportunity upon Confirmation) - Entry Strategy: Wait for confirmation of price reversal near the resistance area Traders may consider a sell entry if the price shows rejection or reversal patterns at the channel resistance. Confirmation from indicators like RSI indicating overbought conditions or MACD showing bearish divergence can strengthen the signal and add confidence to this setup.
Short
by PIPSFIGHTER
Google: Buying TimeGoogle is positioned for sustained growth, making it an attractive investment opportunity in the coming months. With the 2024 Q3 earnings approaching and timely announcements expected, their data strategies and strong global presence provides a promising outcome. - Q3 2024 Earnings - October 21, 2024 - Q4 2024 Earnings - February 3, 2025 As a testament to it's nature, even in daily routines, I still find myself watching YouTube during meals. Goodluck. $167.00 NASDAQ:GOOGL
NASDAQ:GOOGLLong
by lognomics
XAU/USD (Gold/USD) chart on a 144-minute timeframe1. Wave Analysis and Elliott Wave Structure The chart follows an Elliott Wave structure, identifying five distinct waves of a downtrend (Wave 1 to Wave 5) followed by a corrective pattern. Notable Wave Points: Wave 5 is projected to potentially end near the 1.618 Fibonacci extension level around 2,843.46, which often marks a strong potential reversal point. Corrective Waves (i-iv): Following the primary downtrend, the upward movement seems to be structured in corrective waves (i, ii, iii, iv), suggesting a possible ABC or zigzag correction in progress. 2. Fibonacci Levels 1.618 Extension at 2,843.46: This level acts as a key Fibonacci extension for a potential diagonal Wave 5 completion, which could serve as a resistance level for price to react or reverse. 1.236 Extension at 2,803.48: This level has been marked with a "Volume Divergence by Wave 5" note, indicating that this might be a significant area of confluence where volume divergence could lead to a price reaction or reversal. 3. Wyckoff Phases and Price Levels Automatic Reaction (AR) and Secondary Test (ST): The chart labels an AR and ST in a possible Wyckoff Phase B, which usually indicates accumulation. This phase is characterized by testing support and resistance levels as the market builds a base. Sign of Weakness (SOW) in Phase B: This is marked below, indicating a loss of momentum in the downward trend and possibly setting the stage for a reversal. Upthrust (UT) in Phase B: An upthrust is noted, which could act as a false breakout above resistance levels, signaling potential distribution if price fails to hold above it. 4. Volume and Divergence Volume Divergence: Marked by Wave 5, this signals that while price may still be moving down, volume may not be supporting it as strongly, suggesting waning bearish momentum and potential for a reversal or a consolidation phase. 5. Key Support and Resistance Levels Resistance Levels: Around 2,790: This level is marked prominently as a psychological level where price might struggle to break above. Recent Swing High (2,800 - 2,810): Located near the top boundary of the corrective range and could act as resistance for upward price movement. Support Levels: 2,674.19 (0.272 Fibonacci retracement): This level acts as a potential support in the context of the current downtrend. SOW in Phase B (Zone around 2,670 - 2,675): This area might act as strong support, especially if the SOW represents the lower boundary of an accumulation phase. 6. Dealing Range and Structural Patterns The chart outlines a Dealing Range between recent swing highs and lows, suggesting a consolidation phase where price could oscillate before choosing a direction. Potential Diagonal Structure: The ongoing correction appears to be forming a potential diagonal or channel. The price is expected to follow a controlled upward move but may encounter resistance near the top boundaries of the channel. 7. Price Objectives and Probable Movements Upward Objective: Price might attempt to move towards 2,800 or higher, reaching a Phase B UT area as the corrective structure unfolds. Downward Objective: If price fails to break above the noted resistance levels and Phase B patterns, it may revisit the support zone around 2,675 - 2,680 or lower. 8. Strategic Points and Trading Considerations W Close (Wave Close): This label near the middle of the range could indicate the end of a wave and a potential consolidation or reversal area. Stop Loss Considerations: Noted as "Good Stop Loss Till STD Hit," suggesting an area where a standard stop loss could be placed, possibly below the recent lows or swing points for managing risk. No Money Protected Swing: A cautionary note near the support area suggests an awareness of risk in this region. Summary of Key Takeaways Price is currently in a corrective phase, possibly forming a complex wave structure after completing a primary downtrend. Key resistance levels around 2,790 - 2,800 and support levels near 2,670 - 2,675 are crucial to watch. The Wyckoff structure and volume divergence suggest a potential base-building phase, though a clear breakout of the range is needed to confirm the direction.
FX:XAUUSDLong
by spacedevil
1
THORChain Aiming Lower 6X SHORT—369% PotentialThis is an updated version for our RUNEUSDT SHORT, the first one hit two targets with 4X and a total of 124% profits, the numbers are still good but you can follow this publication rather than the previous one. Potential is much higher on this since we are using higher lev. (This is not recommended for beginners; caution, high risk.) ➖ THORChain (RUNE) peaked in March 2024, it has been bearish since. We have the same chart patterns and price dynamics as the other Cryptocurrency kings and queens. Is the correction over? We will soon know! Those trading at bottom prices likely ended their correction already, those trading higher might have one final drop to go through before the correction is over; the last leg-down, the final market flush. When the giants crash, money will flow from the big projects to the smaller ones. The market is mixed, it is not easy to navigate. Focus on one chart at the time and all is good. See the full trade-numbers below: ____ ➢  SHORT RUNEUSDT Leverage: 6X Entry levels: 1) $6.25 2) $5.75 3) $5.35 Targets: 1) $4.955 2) $4.555 3) $4.130 4) $3.763 5) $3.211 6) $2.831 7) $2.155 8) $1.951 Stop-loss: Adjust to your own risk tolerance Potential profits: 369% Capital allocation: 3% ___ Remember to do your own research and planning before trading, this is not financial advice. I am sharing my views and opinions of the chart. The markets are unpredictable, that's what some people say. This doesn't matter, we can still use our brains to trade... The market can be predicted, the proof is in the charts. Thank you for reading. Namaste.
Short
by AlanSantana
NEIROETH NEW UPDATE (BEARISH)This analysis is an update of the analysis you see in the "Related publications" section This meme coin is risky and has a lot of volatility The previous setup is canceled Based on the timing of the F wave, it appears that the F wave is just ending Also, the price has hit a supply range and a bearish trend line. This view is more correct for NEIROETH. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
N
by behdark
SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
GBP/JPY Analysis: Shorterm BuyThe GBP/JPY pair currently shows a retracement from recent highs, and we can observe key levels of support and resistance based on Fibonacci retracement levels and trend lines. Trendline Support: A rising trendline from previous lows suggests continued bullish momentum as long as the price respects this trendline. The recent test of this trendline indicates a possible continuation to the upside if buyers maintain control. Fibonacci Retracement Levels: Key retracement levels are marked: The 23.6% retracement near 198.97 serves as the first potential resistance area. A break above this level could lead the price towards the next resistance. 38.2% (198.61) and 50% (198.33) levels provide additional zones where the price might face resistance before potentially moving higher. Key Support Levels: The 198.00 level acts as a psychological and technical support, with further support down to 197.50. If the price breaks below these support levels, it may signal a reversal or deeper correction. Potential Scenarios: Bullish Scenario: If the price respects the trendline and moves above 198.97, we might see an attempt to test the recent highs around 199.50 - 199.70. Bearish Scenario: Failure to hold above the trendline and a breakdown below 197.50 could initiate a deeper pullback, possibly targeting support levels around 196.50 or lower. Conclusion: The bias remains bullish as long as the trendline support holds. However, key resistance levels around 198.97 - 199.50 need to be watched closely, as they could signal either a breakout to new highs or a potential reversal if selling pressure intensifies.
Long
by AEL_Education
NVDA Today Nov. 7, 2024Key Levels Support Levels: $139.91: This level has shown recent support and could act as a strong base if NVDA retraces. $135.32: Lower support level, which could become a key area if there’s a larger pullback. $132.04 - $132.11: Major support zone that held in previous sessions, which would be crucial to monitor if the stock drops significantly. Resistance Levels: $146.49: This appears to be an immediate resistance level around the high. $150 (psychological): Often a round number like this acts as psychological resistance if NVDA rallies past recent highs. Price Action NVDA has been in a steady uptrend after breaking out of a downward trend, moving into a higher consolidation range. The current setup indicates: Rising Channel: The price is moving within a rising channel, showing a bullish trend. A breakout above or below this channel could signal either a continuation or reversal. Volume Profile: Volume has been increasing on green candles, indicating strong buying interest. This confirms bullish momentum. MACD: Shows near overbought levels suggests NVDA may experience short-term consolidation or minor pullback before another potential move up. Trading Strategy Bullish Bias: If NVDA breaks above the $146.50 resistance with volume, it could signal a continuation of the uptrend. Consider a long position targeting $150. Consolidation or Pullback: If NVDA fails to break above $146.50 and retraces, look for support around $139.91 for potential entries. Downside Risk: A break below $135.32 might indicate a bearish reversal, with possible retest of the $132 zone. mY Thoughts NVDA’s trend remains bullish with a solid support base and strong volume. However, short-term resistance around $146.50 should be monitored closely for breakout or reversal signals. Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Always conduct thorough research or consult a financial advisor before trading.
NASDAQ:NVDA
by BullBear-Insights
EURUSD Analysis: Potential Bearish Reversal AheadEURUSD is currently trading around 1.078, moving within an upward channel. However, recent price action suggests a possible trend reversal. The chart shows signs of weakening momentum, and a break below the channel could lead to a further decline. If the price breaks the lower trendline support, it could open the path toward 1.073 and potentially lower levels. Traders should watch for confirmation of a breakout below the support level, as this could signal a shift to a bearish trend. For now, the bias leans bearish, with caution advised on potential entry points near the channel's lower boundary.
Short
by Chipucu
COIN BASE, LIKE A REAL BASE? OF COINS? CHARTTrends are marked, as are price targets and guidelines—though the latter shouldn't be followed, they do project a significant move to maintain COIN's bullish trend over a longer period. Major resistance lines are noted; however, be vigilant for a trend break, which could signal an exit if you're trading. The maximum I foresee is around 525, but if the crypto market surges, those numbers could climb higher. Currently, if you're skeptical about a 'squeeze,' safer numbers are provided. I've attempted to include both bearish and bullish targets, both of which have the potential to exceed expectations. The yellow circle indicates a potential "breakout zone," but as this extends over time, it could also present significant resistance, so it's a matter of risk levels and what you're comfortable investing at that point. For the daring traders, I personally view an upward move as more probable. This isn't to say I'm endorsing a reckless approach, but it represents the more extreme side of the bullish projection. Otherwise, adhere to the established price targets and trends. A bullish long-term trend, at least, offers the opportunity to hold for the long term if a trade doesn't pan out as expected—once again, the level of risk is crucial. For those who are not fond of crypto, just consider how often you've heard the phrase, "if only I had bought BTC in 2016."
NASDAQ:COINLong
by nicktussing77
BTCUSD Daily Inflection Point This is a continuation of the Weekly Inflection Point. On the daily we're getting close to a crucial area. A downward move here may indicate a large move, correction on the weekly, daily. 16k could easily be hit. There is also the potential for this momentum consolidation to have a breakout leg to 77-88k before a final correction. Watch for a break above or below the keltner channel. If the stock market is about to tank because WW3, the debt bubble created in 2008-2020, then Bitcoin will get shocked with it while everyone scrambles for PM's. After maybe bitcoin will be revived when people realize there isn't enough PM's out there, else some world wide digital currency emerges. Either way I have little hope for bitcoin, unless the NWO backs it because of the transparent transactions that can be traced, blacklisted, non fungible- control. Such a currency is a fools hope and will be used against you when tyranny seeks control over you.
COINBASE:BTCUSDShort
by Mikhiavelli