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ICPUSDT: Navigating the Correction Waves with a Short Sail! 📉⛵Introduction: 🌐 Brace yourselves for a turbulent ride in the crypto seas with ICPUSDT! Traders are embarking on a short position from $9.073, navigating through recent active growth and identifying a descending structure. Let's delve into the details of this bearish journey. Trade Details: 💰 The short position (#ICPUSDT) sets sail from $9.073, anchored with a stop-loss at $9.122. The rationale behind this move lies in the recent active growth leading to a corrective phase, forming a descending structure that signals the strength of sellers and weakness of buyers with declining trading volumes. Technical Analysis: 📊 Zooming into the 30-minute timeframe, ICPUSDT is undergoing a correction after recent active growth, forming a descending structure that points to the strength of sellers and the weakness of buyers with a decline in trading volumes. The price compression along the trend is approaching a support level, validated multiple times and holding unrealized liquidity. Expectations and Strategy: 🎯 The trader contemplates a gradual approach with consolidation around the support level, anticipating an impulsive breakthrough with increased activity in the order book. Trade Target: 📉 The primary goal is to capitalize on the correction by riding the descending waves, navigating through the sea of potential profits. Conclusion: 🛑 ICPUSDT invites traders to navigate the correction waves with a short sail. Prepare for a bearish journey, watch for price compression around the support level, and be ready for an impulsive breakthrough with heightened activity in the order book! ⛵💹
by RICHI_CRYPTO_SIGNAL
WLDUSDT: Soaring to New Heights! 🚀💹Introduction: 🌐 Brace yourselves for the next big thing in the crypto arena - WLDUSDT! Traders and investors eagerly anticipate a takeoff from the $3.79 level. Let's dive into the vibrant details of this promising trade. Trade Details: 💰 A long position (#WLDUSDT) has been initiated at $3.79, with a stop-loss set at $3.78. Analytics highlight clear cascading levels and price compression towards robust resistance. Technical Analysis: 📊 Zooming into the 5-minute timeframe unveils precise cascading levels and price compression towards formidable resistance. Anticipation is high for a breakthrough after multiple touches, potentially igniting dynamic growth. Expectations and Strategy: 🎯 Traders gear up for a long position entry amid heightened tape activity. The plan includes patiently awaiting several resistance touches before executing the trade. Trade Target: 🚀 The primary goal is to reach the $3.95 level, serving as a crucial indicator of a successful breakthrough and potential profit. Conclusion: 📈 WLDUSDT promises exhilarating trading opportunities. Investors, get ready for a dynamic price action, keep an eye on tape activity, and prepare for possible triumphs in the market! 💹🌟
by RICHI_CRYPTO_SIGNAL
Xerox Holdings Corp. (NASDAQ: $XRX) Facing Strong Resistance NASDAQ:XRX stock is facing a strong resistance at $18.36, which is the 52-week high and the upper boundary of a descending triangle pattern. NASDAQ:XRX stock is below its 50-day and 200-day moving averages of $18.36 and $18.45, respectively. The moving averages are also sloping downward, indicating a negative momentum. NASDAQ:XRX has a low trading volume, which suggests a lack of interest and conviction among the traders and investors. The average volume for the past 10 days is $1.82 million, while the accumulated volume for today is $16.93 million. NASDAQ:XRX may test multiple Support level's before reaching new highs.
NASDAQ:XRXLong
by DEXWireNews
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators. News Trading - Natural Language Processing ☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions. ☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales. ☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future. ☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks. ☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power. Technical Indicators MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal. Disclaimer It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
4
#CADJPY Elliott wave analysishello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now that the price reached the top unless we are witnessing a running flat we can expect that the bullish move as wave B is also reached its destination and from now we can wait for the wave C to be completed. Initial target would be the previous low if we assume that this large corrective formation is regular flat. For opening a position in case you want to use candle stick patterns you can wait for the weekly close and see if price formed evening star which seems possible. Other than that you can always wait for price to penetrate the previous low or perhaps triggers can be found in lower time frame and following the lower time structure. Also it should be noted that in case price close above last week high or close above resistance level this wave analysis is invalid. Please let me know if you like this kind of long term analysis.
Short
by mohemati
5
🔥 DXY INDEX bearish analysis) 1D tame Fram 🖼️) 🕐🕐hello traders what do you think about dxy index)? guys dxy index. Breakdecline Support level that a retest Rsl 105.000 breakdance to confirm selling pressure down. Support level 104.300 Gold poised for first weekly drop in four before US jobs data Dec 8, 202315:23 GMT+5 KEY POINTS: Gold down 1.5%, silver loses over 6.6% this week U.S. dollar on track to snap three straight weeks of losses U.S. non-farm payrolls data due at 1330 GMT Gold prices were flat on Friday, as markets looked forward to the crucial U.S. jobs data for more clues on the Federal Reserve's monetary policy decision, although a firmer dollar kept bullion on track for its first weekly fall in four. Spot gold GOLD was steady at $2,027.39 per ounce by 0951 GMT. Bullion, however, has fallen nearly 1.5% for the week so far. U.S. gold futures GOLD were flat at $2,043.70. Bullion scaled an all-time peak of $2,135.40 on Monday on elevated bets for a rate cut by the Fed, before dropping more than $100 on uncertainty over the cut's timing. "Traders are expecting to get a clear idea on how the Fed is going to change their policy decisions in the coming meeting - so today's jobs data would be the primary key," said Hareesh V, head of commodity research at Geojit Financial Services. "Major crash in gold is not the immediate trend because most of the parameters are favouring prices and the Fed policy would be the key trigger that can guide medium to long term direction of gold prices" The U.S. non-farm payrolls report for November is due at 1330 GMT. It is expected to show that employers added 180,000 jobs last month. (USNFAR=ECI) The dollar index DXY , meanwhile, was up 0.2% and set to snap a three-week losing streak, making gold more expensive for other currency holders. Markets are pricing in a 60% chance of a U.S. rate cut as soon as March, CME's FedWatch Tool showed. Lower interest rates boost the appeal of holding gold. Spot silver XAGUSD1! lost 0.2% to $23.73 per ounce, while platinum PL1! gained 1.3% to $918.84. Both were set for weekly declines. "Palladium's long-term bear market looks set to continue, with prices likely to halve again over the next 2-3 years," Citi Research said in a note. Palladium XPDUSD1! rose 0.6% to $975.81, but was set to log a second weekly loss.
TVC:DXYLong
by SMC-Trading-Point
PENN Entertainment's (NASDAQ: $PENN) Peaks and TroughsOn December 11, 2023, PENN stock exhibited positive performance, as it traded in the middle of its 52-week range and remained above its 200-day simple moving average. These indicators suggest that the stock has been relatively stable and could potentially continue its upward trend. The price of PENN shares saw a notable increase of $1.81 since the previous market close, representing a rise of 7.59%. This significant jump in price indicates strong investor confidence and bullish sentiment surrounding the stock. Furthermore, PENN stock opened at $23.90, which was $0.04 higher than its previous close. This slight increase in the opening price further reinforces the positive momentum that the stock experienced throughout the day. We will view these positive price movements as an encouraging sign for PENN stock. The fact that it is trading above its 200-day simple moving average indicates that the stock has been performing well over a longer time frame. Moreover, trading in the middle of its 52-week range suggests that the stock has not reached its potential peak, leaving room for further growth.
NASDAQ:PENN
by DEXWireNews
Why we are selling AMZN at 148The market's bull run is set to end based on the indications for seeing on the S&P. AMZN is one of those stocks that have been quite bullish and a correction is on the card at the 150 mark. The technical indicators are: 1) Daily chart is overbought 2) H4 is overbought and lot of divergence present 3) The upward trend line has been violated which has been intact since October 23, 2023 4) There is a shark pattern in play This will need to be held for 3-4 weeks until it hits close to 132 or there is a buy pattern. Good luck to you and may the pips be with us.
NASDAQ:AMZNShort
by JD_TeenTrader
2
EURAUD 🤖AI Landscape: Unveiling Potential Support & ResistanceEURAUD Landscape: Unveiling Potential Support and Resistance Greetings, Esteemed Investors and TradingView Community, A s we delve into the intricacies of the EURAUD chart, we uncover intriguing trends and patterns that may shape its future trajectory. Today, we'll explore the insights gleaned from Support Vector Machines (SVM), a powerful machine learning algorithm that can decipher support and resistance levels. S VM has identified the blue zone, a potential support area, anchored by significant daily closes on September 29th and November 3rd. This zone has been instrumental in buoying the EUR against the AUD, propelling its price upwards. W hile the EUR experienced a continuous rally until encountering the purple falling trendline last week, this formidable barrier forced it to retreat to the support level established on October 20th. However, the combined strength of the September 29th rally and the subsequent surge on November 3rd could potentially break through this resistance trendline. E xtrapolating from the EUR's performance last week, we anticipate a continued upward movement. However, a correction is not out of the question, and its timing could significantly impact future outcomes. I f the EUR successfully breaches the resistance trendline, any subsequent pullback will not negate the overall bullish trend, and we will consider adjusting our targets upwards. Conversely, a reversal from the current support level would cast doubt on the bullish trend, prompting us to reevaluate our strategy and consider local trends between September 29th and today. C onsolidations often precede bearish market reversals. In such a scenario, we would contemplate opening a short position. C urrently, our long position initiated within the support zone boasts an attractive risk-reward ratio of 11. Please remember that this is not investment advice, and we strongly encourage you to conduct thorough research and consult with financial professionals before making any trading decisions. With gratitude, Ely
Long
by Elysian_Mind
BTC 4hInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price remained above the local upward trend line. After unfolding the Trend Based Fib Extension grid, you can see the support zone from $34,292 to $34,078, and then we have a second strong zone from $33,537 to $33,141. Looking the other way, you can see that the price is struggling with the resistance at $34,735, but we still have a significant resistance zone from $35,724 to $36,157. Looking at the CHOP indicator, we see that there is still energy for a move, the RSI indicator shows a sideways move, while the STOCH indicator shows confirmation of the price rebound with room for further growth.
by cryptodailyuk
6