XAUUSD possiblity 2678- 80XAUUSD Analysis Gold is approaching a critical level, where there could be a potential opportunity for a sell near the 80 mark. However, the market is currently in a volatile state, and with the unpredictable nature of price action, trading in this environment carries significant risk. If it fails to hold at this level, the market could continue to move in unpredictable directions, making it a dangerous space for traders without proper risk management...
Prices
[INTRADAY] #BANKNIFTY PE & CE Levels(06/12/2024)Slightly gap up opening expected in banknifty. After opening expected it will continue the bullish rally towards the 53950+ level and this rally can extend for further 400-500 points in case banknifty starts trading and sustain above 54050 level. Downside 53550 will act as a support for today's session. Any major downside only expected below this support zone.
GOLD HAS BROKEN MANY SUPPORT 🥇 Gold has broken many support levels such as 2640-2630 to extend the decline this morning. In today's Asian session, watch for the recovery to continue to sell gold, aiming for the support zone of 2607-2600.
Gold has broken the triangle pattern around 2638 - And if the H4 candle closes below 2620, it will break the neckline of the head and shoulders pattern
🛫Therefore, watch for the recovery to continue to sell gold.
Bitcoin price Must surpass $100KBitcoin's price is seeing increased volatility around GETTEX:97K , and some crypto experts believe it’s on track to surpass $101K in the near term. Renowned analyst *PlanB* recently highlighted that Bitcoin’s current trajectory aligns with historical post-halving trends, suggesting significant upside potential. Similarly, a prominent advocate for Bitcoin, emphasized that growing institutional interest and adoption could fuel BTC’s rise past $101K. Our forecast anticipates Bitcoin reaching $100K by the end of 2024, driven by strong market sentiment following the halving event, with a potential to touch $270,593 by 2030 as institutional investments gain momentum.
BTC IN UP MOVEMENT + TRADE PLANTrend Identification:
Descending Channel: Bitcoin is currently in a descending parallel channel after an uptrend, indicating a potential bullish continuation if it breaks out of this channel.
Previous Uptrend: The price came from an uptrend, and descending channels often serve as continuation patterns, suggesting a higher probability of an upward breakout.
Key Support and Resistance Levels:
Support Levels:
$68,556.87: Major support near the recent low in the channel.
$66,333.98: Secondary support zone that could act as a cushion in case of a downside move.
$64,591.15: Historical support level providing a safety net if the price dips further.
Resistance Levels:
$72,198.87: Immediate resistance that BTC needs to overcome for a continued uptrend.
$73,655.67: Key resistance area that, if broken, could trigger a strong bullish move.
Indicators Analysis:
RSI (Relative Strength Index): The RSI is close to the midpoint, indicating a neutral zone. However, an upward movement in RSI could signal increasing bullish momentum.
Stochastic RSI: Currently near the overbought zone. It indicates potential upward pressure, but caution is needed as it may signal short-term exhaustion.
Volume: Noticeable increase in volume around the support levels, indicating buying interest. Volume confirmation on breakout above the resistance line would strengthen the bullish case.
Moving Averages:
HMA (Hull Moving Average): Showing a slight upward trend, aligning with the potential breakout from the descending channel.
Trading Plan
Entry Strategy:
Aggressive Entry: Enter a long position upon the breakout of the descending channel, ideally with a confirmed volume increase above $72,198.87. This would signal a possible continuation of the previous uptrend.
Conservative Entry: Wait for a confirmed breakout and retest of the $72,198.87 level. If the price holds above this level after retesting, it indicates stronger bullish confirmation.
Stop Loss:
Place a stop loss slightly below $68,556.87 to limit downside risk. This area aligns with recent support, and a drop below it may indicate invalidation of the breakout pattern.
Take Profit Levels:
Primary Target: $73,655.67 (first resistance level). Partial profits can be taken here to lock in gains.
Secondary Target: $76,000, if Bitcoin gains strong momentum after breaking through the primary target. This level could be achieved in a continued bullish scenario.
Final Target: $80,000 as a psychological target, if there is sustained bullish momentum and no major resistance above.
Risk Management:
Position Size: Limit the position size to manage risk exposure, especially with the potential volatility in cryptocurrency markets.
Trailing Stop: Consider using a trailing stop after reaching the first target to lock in profits while allowing for potential upside.
Monitoring Indicators:
Volume: Continuously monitor the volume as the price approaches resistance zones. Higher-than-average volume would support the breakout, whereas weak volume could lead to a false breakout.
RSI and Stochastic: Keep an eye on these momentum indicators. If the RSI and Stochastic enter overbought territory and start to diverge, it could signal a potential reversal.
Timeframe:
This setup appears on a 4-hour chart, suggesting a medium-term trading perspective. Reassess positions if the breakout fails to materialize within the next few days.
#NIFTY Intraday Support and Resistance Levels - 22/10/2024Flat opening expected in nifty. After opening if nifty nifty will face resistance at 24900 level and expected downside from this level. If nifty gives breakdown of 24700 level then possible strong downside fall upto 24450 level. Any major upside only expected above 25000 level.
Over and Over again !!!Hello everyone, a new happy trading week to us all !.
Price will always come back, tap and respect a valid unmitigated order block in this kind of setup i have been consistently sending here and it happens over and over again. Oy's not easy to patiently wait for price to always come back but as always, PATIENCE is the name of the game !.
Would you rather force trades whenever price comes to unmitigated order blocks or just target valid unmitigated order blocks that meets every requirement.
Do not risk even a dollar of your money if you aren't sure of any setup because confidence stems from taking trades consistently based off on your strategy , that makes you money each time, so when you don't see your setup, you won't trade but you know that if you take trades, it's only because you see your setup and that's why you enter...(I hope i'm making a bit of sense).
Always use proper risk management and do your own analysis always.
Wait for the SELL point to retest the EURUSD trendlineEUR/USD fell sharply on Wednesday, returning to the 1.0800 degree after broad-primarily based totally danger urge for food disappeared. The pair is buying and selling firmly inside technical resistance as buyers put together for a sequence of mid-variety European financial signs on Thursday, observed with the aid of using an replace on Gross Domestic Product increase (GDP) quarterly for the United States.
Pan-European purchaser self belief in May is predicted to preserve constant at -14.3, at the same time as the Overall Economic Sentiment Index is predicted to get better barely to 96.2 from 95.6. Then, US quarterly GDP is predicted later withinside the day, with annual Q1 GDP forecast to say no barely to 1.3% from 1.6%. Markets hungry for hobby charge cuts from the Federal Reserve may be seeking out symptoms and symptoms of weak point withinside the US financial system as increase solidifies, the hard work marketplace tightens and inflation figures display up. Inflation stays high, hindering the Fed`s capacity to reduce hobby fees at a fast pace. Investors hold to search.
The buying and selling week will cease with German Retail Sales on Friday, predicted to fall -0.1% MoM in May. Pan-European Core Consumer Price Index (HICP) for the 12 months resulted in May is forecast to growth to 2.8% from 2.7%. US inflation records will cease the buying and selling week, with the United States Core Personal Consumption Expenditures (PCE) Price Index predicted to stay unchanged at 0.3% MoM in April.
ISM GAUGES POINT TO HIGHER INFLATIONISM surveys show that prices are rising ; during April services and manufacturing prices advanced 10% on average.
The problem? Look at the chart comparing these price indexes to the traditional CPI inflation reading, ISMs are usually forward looking.
Inflation 2.0 is coming
-----------------------------------------------------------------------------------------------------------------
Las encuestas ISM muestran que los precios están subiendo, durante abril los precios de servicios y manufactura avanzaron 10% en promedio.
El problema? Mira el gráfico que compara estos índices de precios con la lectura tradicional de inflación CPI, los ISM suelen ser prospectivos.
Inflación 2.0 está por llegar
EURO/USD price is below 20, 50, & 100 EMA Currently Euro/usd price is below 20, 50 & 100 Exponential Moving Average which indicates the chances for short in 4 hours time frame, further today news for Core PPI and Fomc may direct the market for a long term momentum in short.
The US Dollar (USD) is the world’s dominant currency and the Euro (EUR) is the second most-traded.
As a result, business in EUR/USD accounts for almost a quarter of trading in global foreign exchange markets according to the BIS triennial report, which covers institutional trading.
EUR/USD is a highly liquid pair.
adA IS BUllISh YESSSSSSSSSSSSSSSTL;DR Synopsis
Cardano price analysis reveals a bullish trend, with ADA/USD facing rejection at $0.4478.
Support for ADA is present at $0.4296.
Cardano price analysis is providing us with strong optimistic signs for the day. The bullish tide has been quite strong, as price levels have been growing at a regular and consistent rate. The price is currently at $0.4402, which is a significant victory for purchasers. More positive movement is predicted as support at $0.4296 is stabilized.]
All in all, Cardano price research reveals that the currency has been able to make a strong rebound today and buyers have been successful in pushing prices over $11.4402. However, the bulls must watch for the resistance at $10.4478, which could pose a barrier to further gains. The strong bullish momentum suggests that Cardano's price may rise above the given level if buyers maintain market pressure.
dm for more info
DXYHi guys what's up?
I want to tell you something at first BE PATIENT. its extremely important in all markets and it doesn't matter what market you are trading and how much money do you have.
okay lets talk about DXY I have posted an analyses about it and I had a resistance zone and it has been touched very nice and now I thing it can fall till the support zone in the picture.
Here is A cluster of fibs and another thing in price action technique.
I hope that it be useful for you please like and shear it whit your friends.
DONT FORGET TO FOLLOW AND LIKE THANKS.
FETCH.AI / TETHERUSFetch.ai
Decentralization: Fetch.ai's platform is decentralized, which means that it is not controlled by any central authority or organization.
AI-based solutions: Fetch.ai leverages the power of artificial intelligence to create customized and cutting-edge solutions that can optimize business processes and improve operational efficiency.
IoT integration: The platform allows for the integration of Internet of Things (IoT) devices, enabling them to interact and share data with each other.
Data management: Fetch.ai provides data management solutions that help organizations store, process, and analyze large amounts of data in a secure and efficient manner.
Autonomous agents: The platform uses autonomous agents, which are intelligent software agents that can perform tasks autonomously, to automate processes and reduce costs.
Secure: Fetch.ai's platform is built on blockchain technology, which provides a secure and transparent way to store and transfer data.
Scalable: The platform is designed to be scalable, meaning that it can handle large amounts of data and transactions without compromising performance.
Interoperable: Fetch.ai's platform is interoperable, which means that it can work with other blockchain platforms and networks.
Flexible: The platform is highly flexible and can be customized to meet the specific needs of individual organizations.
Environmentally friendly: Fetch.ai's platform is designed to be energy-efficient and environmentally friendly, using a proof-of-stake consensus mechanism that consumes much less energy than traditional proof-of-work mechanisms used by other blockchain platforms.
Present and On-Going Forecast Real Estate Market The formula that I worked on for weeks, finally I can put the puzzles together a chart of an ongoing real estate chart and what I provided is an economic formula that's used to adjust the median sales price of houses sold in the US for inflation and mortgage rates. Here's what each part of the formula means in more detail:
MSPUS: This variable represents the median sales price of houses sold in the United States. The median sales price is the price at which half the houses sold for more and half sold for less.
MORTGAGE30US: This variable represents the average 30-year fixed rate mortgage in the United States. A mortgage is a loan that people take out to buy a house, and the interest rate on the mortgage can affect the overall cost of the house over time.
USCPI: This variable represents the United States Consumer Price Index, which is a measure of inflation. Inflation is the rate at which the general level of prices for goods and services is rising, and it can affect the value of money over time.
The formula itself is a bit complicated, but it's essentially using these variables to adjust the median sales price of houses sold in the US for inflation and the impact of mortgage rates. Here's how the formula works:
1+MORTGAGE30US/100 calculates the interest rate on the mortgage, expressed as a decimal.
^0.08333 raises this interest rate to the power of 0.08333, which represents the monthly interest rate.
1+MORTGAGE30US/100)^0.08333-1 calculates the mortgage payment factor, which is the amount by which the median sales price of houses sold needs to be adjusted based on the mortgage interest rate.
1/(1+MORTGAGE30US/100)^0.08333 calculates the present value of the mortgage payments.
(1-(1/(1+MORTGAGE30US/100)^0.08333)^360) calculates the total value of all of these mortgage payments by taking the present value of each payment, summing them over the 360 months of the mortgage, and then subtracting that sum from 1.
USCPI*300 adjusts the value of the expression by the consumer price index multiplied by 300, which accounts for the effects of inflation over time.
MSPUS is then multiplied by the result of steps 3, 5, and 6 to calculate the adjusted median sales price of houses sold.
When you put it all together, the formula is a complex expression that takes into account mortgage rates, inflation, and a value in US dollars, and calculates a value that has been adjusted by these factors, By using this formula, you can get a more accurate picture of the real cost of buying a house over time, which can help them make more informed decisions about the housing market.
The formula that I worked on for weeks, finally I can put the puzzles together a chart of an ongoing real estate chart and what I provided is an economic formula that's used to adjust the median sales price of houses sold in the US for inflation and mortgage rates. Here's what each part of the formula means in more detail:
MSPUS: This variable represents the median sales price of houses sold in the United States. The median sales price is the price at which half the houses sold for more and half sold for less.
MORTGAGE30US: This variable represents the average 30-year fixed rate mortgage in the United States. A mortgage is a loan that people take out to buy a house, and the interest rate on the mortgage can affect the overall cost of the house over time.
USCPI: This variable represents the United States Consumer Price Index, which is a measure of inflation . Inflation is the rate at which the general level of prices for goods and services is rising, and it can affect the value of money over time.
The formula itself is a bit complicated, but it's essentially using these variables to adjust the median sales price of houses sold in the US for inflation and the impact of mortgage rates. Here's how the formula works:
1+MORTGAGE30US/100 calculates the interest rate on the mortgage, expressed as a decimal.
^0.08333 raises this interest rate to the power of 0.08333, which represents the monthly interest rate.
1+MORTGAGE30US/100)^0.08333-1 calculates the mortgage payment factor, which is the amount by which the median sales price of houses sold needs to be adjusted based on the mortgage interest rate.
1/(1+MORTGAGE30US/100)^0.08333 calculates the present value of the mortgage payments.
(1-(1/(1+MORTGAGE30US/100)^0.08333)^360) calculates the total value of all of these mortgage payments by taking the present value of each payment, summing them over the 360 months of the mortgage, and then subtracting that sum from 1.
USCPI*300 adjusts the value of the expression by the consumer price index multiplied by 300, which accounts for the effects of inflation over time.
MSPUS is then multiplied by the result of steps 3, 5, and 6 to calculate the adjusted median sales price of houses sold.
When you put it all together, the formula is a complex expression that takes into account mortgage rates, inflation , and a value in US dollars, and calculates a value that has been adjusted by these factors, By using this formula, you can get a more accurate picture of the real cost of buying a house over time, which can help them make more informed decisions about the housing market.