YM pivots and targets for tomorrow/tonight YM levels for tomorrow with retracements/pivots (blue boxes) and targets (grey boxes)
Pivot
Close to Key Resistance with Strong MomentumNYSE:DELL is in a clear recovery phase after a substantial drop. Following the recent uptrend, it’s now approaching a significant resistance level near $135. This resistance level represents a prior high from June, a point where price previously struggled to hold.
Volume has increased slightly on this approach, suggesting that buyers are gaining confidence. However, if the stock fails to break above this level, it could face a pullback to test the support zone around $120.
Watch for a breakout above $135 with volume confirmation, as this could signal a continuation of the upward trend.
Strong EUR? - A EUR/USD AnalysisEUR/USD has displayed bullish characteristics over the last couple of weeks.
- We have reach a high in the market @ 1.095.
- This high was made after a bullish A,B,C,D pattern aka (Trend).
- In bullish markets, prices tend to find support at the previous high, the previous high in this market (To me) is @ 1.085.
- We currently have made a bullish pin bar rejection candle on 3/19/2024.
- Currently we have untapped orders at 1.098, this is where I believe prices want to go in the next month.
- Breaking the 1.098 level, could lead to a bigger move up toward 1.11.
** as always, trade smart, trade responsible, and manage the risk as much as the reward **
payo are you gonna correct?after the great boom payo brought us some great profits. tbh i havent closed anything and i am still bullish on payo.
payo accumulation and bingbongdingdong has been formed for 3 years as of this moment we are attempting to turn previous critical resistance into support.
2 scenerios according to wykoff theory.
1. correction then big money needs to defend its positions and at a reasonable price.
fundementally that could be previous value area high (vah upper white line) because we need to create a new value range it would only make sense to turn vah to the new point of control (poc) or the new value area low (where price is traded the most e.g mid range val bottom area)
another point to consider for the correction is the gap, so previous point of control to turn value area low or a sweep to that level would provide 4 things
first it will close the gap and get rid of that imbalance.
2nd it will shake off weak hands and get rid of breakout traders when it
grabs the single print
3rd it will provide a decent price for big money to enter at.. liquidity liquidity liqduidity.
4th provide the oprotunity for hedge shorting and basically thats more fuel to the upside when said shorts close. (so basically proffesionals get paid to pump the market for free)
2. leave everyone behind everyone whos waiting for the correction. that scenerio is less likely to anticipate, depends more on the company preformance and has less upside for big money that wants to accumulate low and provide big gains.
i believe the first scenerio is more likely that the other one.
the teal circles on the green lines are where i am looking to see reactions for swing fail patterns and adding to my positions
luckily i already have an open position on payo for quite a while now, so im chilling.
ETH Journey to 2025: Key Levels and Market ScenariosHello friends,
In late 2021, Ethereum ( BINANCE:ETHUSDT ) reached an all-time high of approximately $4,900 before experiencing a significant correction, dropping around 80% to a low of $880. Since that dip, ETH has been consistently making higher highs and higher lows, suggesting a potential long-term bullish trend.
I'm focusing on these key levels as important points for any macro cycle movement:
Pivot Points High Low Levels:
HH: $4,100 (Near ATH)
HH: $2,700 (Previous resistance)
HH/LL: $2,100 (Critical pivot)
LL: $1,500
LL: $880 (2022 low)
Bollinger Bands Analysis :
Currently, ETH is within the lower Bollinger Band, indicating a potential oversold condition. Historically, this has been a favorable zone for accumulation, as the price may revert to the mean once the selling pressure eases.
Potential Scenarios:
Bullish Case:
The most critical level to watch is $2,700. A decisive break above this level could pave the way for ETH to challenge the psychologically important $3,000 mark. If ETH can establish $3,000 as support, it would confirm a higher high and potentially signal the start of a new macro bull cycle.
Consolidation Case:
ETH may continue to trade between the $2,100 support and $2,700 resistance, forming a tightening range. This consolidation could set the stage for a significant move once resolved.
Bearish Case:
A failure to hold above $2,100 could lead to a retest of lower support levels. However, as long as ETH maintains its pattern of higher lows, the long-term bullish structure remains intact.
Conclusion:
The $3,000 level appears to be the key for initiating a potential macro bull cycle. Accumulation near the lower Bollinger Band could be a strategic move for those bullish on ETH's long-term prospects.
Risk Management:
Consider using the $2,100 level as a potential stop-loss for long positions, as a break below this level could invalidate the bullish thesis.
Happy Trading!
New Features For Dynamic Pivot Levels - Percentage indicatorIn our latest update, we’ve packed in some exciting new features and enhancements that will elevate your analysis experience to the next level:
Exciting New Features: We’ve added additional Exponential Moving Averages (EMAs), allowing you to track five different EMAs tailored to your needs. But that’s not all – we’ve introduced smiley indicators that give you instant feedback on whether the price is above or below the moving average. Now you can analyze with a clean, clutter-free chart!
Fibonacci Level Enhancements: We’ve upgraded the logic behind Fibonacci levels to give you more accurate insights. The improved Fibonacci calculations provide a clearer, more precise visual representation, helping you make better-informed decisions.
A Sleek, Streamlined User Interface: We know how important it is to work with a smart, efficient tool, so we’ve revamped the user interface! Settings are now neatly organized into categories, allowing you to quickly and easily customize everything you need. This makes your workflow smoother and faster.
This update doesn’t just bring new capabilities – it makes the tool more accessible and user-friendly than ever. It’s your key to staying focused on precision analysis, without the distractions!
USD/CHF: Bearish Bias with Key Levels in FocusThe USD/CHF pair is showing a continued bearish outlook, with an expected range around 0.84481. A potential bullish scenario is only likely to emerge if the price breaks above the key resistance level of 0.85341.
⚠️ Key Pivot Level: The daily pivot at 0.85042 is critical, as it may serve as a reversal point for the current upward move. Keep a close eye on this level for any shifts in momentum.
Bitcoin’s Pivotal Moment: Key Technical and Fundamental InsightsTechnical Analysis
Neutral:
1 - Price action has been fluctuating in a falling channel from around the 1 March 2024 and appears to be respecting support and resistance lines since.
2 - Price has fallen 28% since ATH compared to the 56% crash in the previous cycle during the same period.
Bearish:
1 - Price fell below the 125 day SMA level around the 20th of June and has been trading below since.
2 - The 60,000 BTC/USD psychological level has also been broken and not regained for approx 2 weeks.
3 - Volume since ATH has been approximately 7% over the same period in previous cycle.
4 - Price has clear short term bearish momentum
Bullish:
1 - Subtle Bullish Divergence on the RSI chart
2 - Price is trading above the shaded support area supported by volume session profile and clear historical trends.
3 - Extreme Fear displayed on the Fear and greed index.
Fundamental Analysis:
1 - Real GDP has grown consistently over the past 10 quarters.
2 - Inflation appears to be easing with new US CPI appear beating analysts estimates but concerns about being behind the curve estimating a inflation to rise again in the winter.
3 - Short term unemployment data seems improving but as interest rates are still high a record number of credit defaults occurring which could potentially lead to worsened employment data by end of year.
4 - Gold price hitting ATH reflecting uncertainty due to heightened geopolitical tension.
Pattern
A cup and handle formation can be observed since Nov 2021 but handle seems elongated which might invalidate such pattern.
Summary:
With the current Bitcoin price at $58,637 and a 50% increase YTD, we can assert that the market is still in a bullish cycle. However, some critical points need to be analysed. Technical indicators suggest that Bitcoin is trading at a crucial level. A breakdown below the $53,000 level would not inspire confidence and is likely to lead to a continuation down to the $49,500 level. This is a significant threshold, as a break below it could trigger substantial selling pressure.
For Bitcoin to reverse this trend, it is crucial to reclaim the $60,000 psychological level, with trading above $61,000 providing confirmation. Subsequently, reclaiming the critical SMA level around $65,000 could likely lead to a new all-time high. Macro indicators suggest that most positive news has already been priced in. However, the overall geopolitical climate is radiating uncertainty, which is negative for the market. This is exacerbated by factors such as the upcoming US elections, the Ukraine-Russia conflict, and the Israel-Gaza conflict.Additionally, the Bitcoin hash rate is falling for the first time in two years, though a short-term drop does not confirm a long-term trend.
Given these factors, I believe that BTC/USD will continue to trend downward in the short term until approximately late August/early September. The extent of this downward trend will depend on the behaviour at the key levels mentioned and the global climate. A reclaim of $65,000 would invalidate this bearish outlook.
$INJ setup for 50% gain on next days, 3D timeframeCRYPTOCAP:INJ setup for 50% gain on next days, 3D timeframe:
We are on 3D timeframe here. Blue arrows number '1' and '2', were bottom pivots on Hodlfire Indicator (copyrighted) right over the Exponential Moving Average 200 (3D 200EMA) line (green), and we just got a 3rd, right over the 200EMA again (the last blue panel under late price movements)
So, as we are pivotting the bottom here, we expect next target on the last reset of VWAP line (orange line) at 38.60 usd, bringing over 50%
There was a first and second confirmation of trend, (1.) the support on all-time-high of the last cicle (pink line) and (2.) break of diagonal blue trendline; if you want to wait for another confirmation, the 3rd, just wait suport over the black VWAP quarter line around 27.00 usd
A little bot moreThe pair is heading to an important demand zone. I think next or the next after is going to start going up. I'll be waiting for price action in the daily timeframe.
EURUSD: We are waiting for a breakHello traders,
The bearish channel is obvious in the chart! you can see that upward moves are weak but the downwards are so strong. I consider the trend to be bearish. However, while my total bias over the pair is still bearish I think any breaks over the zone might lead the price to reach the next strong zone which is around 1.0790
At the same time breaking the bullish yellow trend line down and the zone would alter our bearish scenario. Can't wait to the results.
Have fun and enjoy your life.
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward.
**Rationale:**
~ Breakout of channel
~ Retest of resistance level
~ Resistance and 38.2% Fib retracement convergence
~ Rejection candlestick patterns forming
~ Possible lower high forming
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
AUDUSD Multiple Rejections of Support In this analysis, I'm examining a consolidation pattern. Price is showing signs of rejection, and therefore has the potential for (temporary) long positions.
AUDUSD has been consolidating within a rectangle pattern (on the 4-hour chart) for some time. Price has previously rejected support on multiple occasions, suggesting it may do so again.
We have observed a long-wick candlestick rejecting the key level of support and a breakout of the downtrend line. I will be closely monitoring price for a trend change confirmation, specifically looking for higher highs and higher lows.
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At Forexity: my trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
#daytrading
Moving down to Golden Ratio for supporting | Long BiasOn 4H TF
Solana is trading at 164.xx now and it's moving down to 157 that level is the support by Golden Ratio
So I'm waiting for confirmation around this level
Shibainu,,, Poolback completion stage Shiba is placed in a triangle, after the triangle is completed, based on the support and resistance points, I expect an upswing.
Btcusdt ,,, technical analyst Bitcoin is in an ascending channel and my long-term target is $101,000, based on Fibonacci, support and resistance points
BTCusdt ... Tecnical analysis Bitcoin will continue to climb, based on pivot points and support from Moving average , the first target is $68,000.
Brent Crude Oil: A Closer Look at Bearish SignalsThe BCO/USD chart reveals a bearish divergence ; despite higher price highs, the CCI shows lower highs, signaling a potential reversal. Additionally, the CCI's presence in an overbought zone suggests the pair might be peaking.
April's monthly pivot at 85.66, like March's, remains untouched —a notable point for traders. This untouched pivot, combined with our technical indicators, hints at a possible retracement to 85.66.
In essence, the bearish divergence and overbought CCI, alongside unmet pivot points, suggest a downturn could be imminent. Traders might consider preparing for a move towards April's pivot, keeping an eye on evolving market dynamics.
EUR/USD 4H Chart Analysis
The EUR/USD pair shows intriguing developments in the 4-hour chart, hinting at potential upward movement. Starting with the RSI, it has recently hit massively oversold levels, indicating a likely reversal as the market may deem the Euro undervalued against the Dollar.
Simultaneously, both the MACD and its signal line are trending upward in unison. This parallel rise is typically a bullish sign, suggesting growing momentum in buying activity.
Speaking of momentum, this indicator has rebounded notably from its lowest point in four weeks, now ascending towards the zero line. This recovery suggests an increase in the rate at which the price is changing, potentially signaling a stronger move up.
Lastly, there's an untouched pivot point at 1.07165, serving as a magnetic target for price action. If current indicators continue to suggest a bullish bias, we might see the pair challenge and possibly reach this level soon.
Keep an eye on these indicators for confirmation of continued upward movement. As always, monitor market news and other economic indicators for shifts that might affect this analysis.
Invasion of Kuwait 1991 vs. Iran 2024Buildup prior to the invasion was a steady week of lower prices in January, until 17 Jan 1991 when coalition forces took control of skies over Baghdad and destroyed Iraqi air and ground forces.
Overlay is Jan 1991. 17 Jan was the night invasion. 18 Jan the market took a moon shot.
Once it became apparent that our guys were winning, bulls took over and the rise after the event was double the decline. The buying spree the day after the night bombing of Baghdad was phenomenal... a moon rocket.
Be real careful shorting now. Soon it will become apparent the nutjobs cannot win these conflicts. Relief rally may reach new ATH at 5360+ within a few weeks.
Everyone wants puts, all are short, VIX is jumping... that's not a good time to get short. Bottom of this shakeout sometime this week imo.
SHORT TERM PUMP?avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??
++++++++++++++
avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??avp + avwap + frvp + pivot are all supporting bullish bias.
short term pump incoming??
BTC/USD 4H Analysis: A Prelude to the Halving EventAs we inch closer to the much-anticipated Bitcoin halving event slated for April 20th, the BTC/USD pair presents a fascinating narrative on the 4-hour chart that deserves a meticulous analysis. The halving, a scheduled reduction in the reward for mining new blocks, historically acts as a catalyst for significant price movements, making the current landscape especially noteworthy.
SMA200: The Beacon of Uptrend
The price trajectory of BTC has recently rekindled its affair with the 200 Simple Moving Average (SMA200), a critical indicator of long-term health. After a brief sojourn below this marker, which had traders biting their nails, BTC's price has resurged above the SMA200, reinforcing the prevailing uptrend. This movement suggests a robust bullish sentiment that refuses to bow down to transient bearish pressure.
Ascending Triangle: The Prelude to Breakout
The formation of an ascending triangle on the chart is a textbook signal for traders. This pattern, characterized by a horizontal upper resistance line and a rising lower support line, hints at a consolidation phase gathering steam for a potential breakout. Given the timing, this breakout is anticipated to occur before the halving, possibly ushering in a significant price rally.
Pivot to R1: A Target in Sight
The monthly pivot points, serving as a compass for potential support and resistance levels, have painted a target that seems within reach. The R1 (Resistance 1) level, positioned at approximately $77,000, emerges as the next frontier for bulls. Remarkably, BTC has consistently met all R1 targets since last October, adding a layer of credibility to this projection. As we approach the halving, reaching or surpassing this milestone could be a testament to the market's optimistic outlook.
Conclusion: A Confluence of Signals
With the backdrop of the impending halving, the technical indicators weave a compelling narrative for BTC/USD. The reclamation of ground above the SMA200, coupled with the formation of an ascending triangle, sets the stage for a potential rally. The historical adherence to monthly pivot R1 levels further bolsters the case for upward movement. Traders and investors should keep a keen eye on these developments, as the days leading up to April 20th could be pivotal for the cryptocurrency market.
In essence, the confluence of these technical signals suggests a bullish scenario unfolding in the run-up to the Bitcoin halving. As always, market participants should balance optimism with caution, considering the volatile nature of the crypto space.
