BTCUSD Hits New 1-Year High: Key Support Levels in FocusHello,
BITSTAMP:BTCUSD has reached a stunning new 1-year high at 89,666.00, just as expected! Now, the key question is: what’s next? Sellers are moving in heavily, but there’s no clear sign of a reversal yet. For now, it’s anticipated that the daily support structure will be tested. If the 1D pivot point acts as support, or if the strong 1D support level at 83,606.967 holds, the trend could continue upward. Trade cautiously at these elevated price levels!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Pivot Points
NZDJPY Positioned for Bullish ContinuationHello,
OANDA:NZDJPY to maintain its bullish momentum, it needs to stay above the 1W/1D pivot point (PP). If it drops below, it may test the 1M PP, potentially leading to a further price decline. Proper price positioning is crucial at this stage. Overall, the trend is aligned for a bullish move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR/JPY: Brief Dip Before Bullish TrendHello,
FX:EURJPY has potential to further test the daily support level, though it’s unlikely to fall below the strong 1D support at 163.129. Indicators suggest a brief decline followed by a longer-term upward trend within these levels. While confidence is mixed—with some optimistic and others cautious—overall alignment points towards a bullish outlook, with the monthly pivot point having acted as support.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Oil is staring down the barrel of a bearish breakdownA stronger USD, prospects of a deregulated oil market alongside disappointment with China stimulus and weighed on crude prices on Monday. WTI is toying with a bearish breakout of a pattern which projects a downside target around the mid 50s. But how realistic is that? Let's take a look.
MS.
SPX500 TREND LINES, PIVOT and APEX POINT VIEWThe SPX500 if manage to close above the last high of 5670 on Daily TF then expect the price to hit the TL.R at 5764 from where the prices can fall back a bit and then move for the next target to TL.B2 at 5810 and if it closes above that point then you can expect the price to move to take over the PIVOT R3 at 61110, but if it is rejected then expect the price to fall towards PIVOT R2. Trend Line green and TL.R form a widening channel. If the price fall back the TL.B1 and Closes Below Pivot R2, then Expect the price bounce from the Trend line green. The main scenario of the price action shows that if the price is not rejected from the previous high of 5670, then price will surely lead to take over the TL.R and TL.B2. On Contrary if price rejected sharply from the TL.B2 and closes below PIVOT R2, then price may continue to fall towards PIVOT R1. Please leave your comments and your suggestions. Expected Movement for the rest of the year will be in between the two apex points 5410 and 5747. Any Voilation of these points will determine the further direction of the SPX price movement.
BTC Camarilla pivot points on the weeklyIt is no secret btc is in a hyper blue sky breakout right now. It could very well break the H4 breakout level and continue to rally to higher points. I am presenting this along with the possibility for a pullback to weekly L3 and purple central pivot point which would be an ideal area for new higher low and support should bitcoin pullback. Trade safe as these are and this price action is volatile
Dow Jones Wave Analysis 11 November 2024
- Dow Jones rising inside impulse wave 5
- Likely to reach resistance level 45000.00
Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August.
The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April of this year.
Given the clear weekly uptrend, Dow Jones index can be expected to rise to the next resistance level 45000.00 (target price for the completion of the active impulse wave 5).
EURUSD Wave Analysis 11 November 2024
- EURUSD under bearish pressure
- Likely to fall to support level 1.0600
EURUSD currency pair is under bearish pressure after the earlier breakout of the key support level 1.0685, which has been reversing the price from the middle of June.
The breakout of the support level 1.0685 should strengthen the bearish pressure on this currency pair.
Given the simultaneously bullish USD sentiment and the bearish Euro sentiment seen across the FX markets today, EURUSD currency pair can be expected to fall to the next support level 1.0600 (former strong support from April).
SPX500 TREND LINES AND PIVOT POINT VIEWThe SPX500 if manage to close above the last high of 5670 on Daily TF then expect the price to hit the TL.R at 5764 from where the prices can fall back a bit and then move for the next target to TL.B2 at 5810 and if it closes above that point then you can expect the price to move to take over the PIVOT R3 at 61110, but if it is rejected then expect the price to fall towards PIVOT R2. Trend Line green and TL.R form a widening channel. If the price fall back the TL.B1 and Closes Below Pivot R2, then Expect the price bounce from the Trend line green. The main scenario of the price action shows that if the price is not rejected from the previous high of 5670, then price will surely lead to take over the TL.R and TL.B2. On Contrary if price rejected sharply from the TL.B2 and closes below PIVOT R2, then price may continue to fall towards PIVOT R1. Please leave your comments and your suggestions.
Ready for the next HMSTR bullish wave?Just enter the position on the spot
A lot of time correction has been made and a powerful movement has been created. This movement has returned a small amount of the bullish wave.
It is not seen in the roof of the powerful and efficient bass that there are many orders
In the yellow circle, we have an inter change zone that has not been engulfed and the buyers' stronghold has been preserved.
By maintaining the green range, it can move towards the PRZ range.
Closing a 4-hour candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AMD Long Swing
AMD is setting up well for a long entry. On the 2-day candle, AMD is holding within an ascending pattern, forming a bottom near an upward trendline as well as the 200-day moving average, signaling potential support. The setup offers a favorable risk-to-reward ratio, with the first price target at 187.25 (~30% potential gain) and a second price target around 227 (~56% potential gain). A stop loss can be considered if a 2-day candle closes within the lower demand zone (around 132, as highlighted), with the overall bullish uptrend invalidated on a close below ~121.
AUDJPY at Key Pivot: Potential for Support and UpsideHello,
AUDJPY has shown some upward movement and is currently at the 1M/1W pivot point. There’s a possibility of further support tests beyond this key level. However, if sufficient support is found, especially around the 1M pivot, we could see another push to the upside. Trade cautiously.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Euro / U.S. Dollar | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
USDCAD at 1-Year High: Caution Ahead!Hello,
FX:USDCAD has reached a 1-year high and is showing signs of a potential bearish reversal soon. If you're still bullish, exercise caution and avoid getting trapped at the peak!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
NZD/USD Hits 3-Month Low, Upside Expected SoonHello,
OANDA:NZDUSD has reached a new 3-month low at 0.591205. While there will be some minor support tests in the near term, a significant upside movement is expected soon.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
TON Analysis / Do you think Paul can regain controls?OKX:TONUSDT
BINANCE:TONUSDT
CRYPTO:TONUSD
Analysis of the scenarios facing Ton Coin
▶The price has now entered the shock phase and It started a bearish rally from the Stop Hunt range.
If Ton downward movement considered as an excellent buying offers for investors, and the news of Pavel's arrest calms down in the next few hours, the price can touch the Stop Hunt level again.
Of course, this scenario is not at all suitable for trading and analysis, and it's just a hopeful prediction of the price.
📉🔍On the other scenario, the price downward rally is more accurate in my opinion. The news of the arrest is going to disturb the market for some time and this issue will gradually shift the price to lower support levels.
But what do we do?
⚡As I said before, TON price is worth much more than what it is, and it is quite possible to reach the $12 level within the next year. But in the current situation, finding profitable buying levels should be the most important goal of medium-term market traders.
In the above analysis, the PRZ level will provide an excellent buying zone.
Even in a hopeful scenario, the second best level to buy Ton is inside the yellow zone. Of course, I myself prepare a much smaller volume for buying in this area.
After the yellow level, until the price reaches PRZ, I will buy two more steps with the Bollinger Midline indicator or MA 50.
But the main zone for me is near the PRZ area.
EUR/USD Pullback Presents Long OpportunityHello,
Despite the recent downside in FX:EURUSD following the U.S. elections, which pushed the pair lower than expected, sellers are now piling in heavily. However, this pullback has opened up a promising entry point for a long position. Happy trading!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
$RIOT about to play catch up to the upside?NASDAQ:RIOT has been consolidating in a bottoming wedge and looks set to break out.
I think we see a very sharp move to the $18 resistance as RIOT has serious catching up to do. I think RIOT and HUT will be the most bullish two miners for this next move up.
After hitting $18, we should see some consolidation before the next big move higher.
Not sure if we get into the $100s or not, but will update the chart as the move plays out.