ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Rising Broadening Wedge Pattern. #ETH has seen some fluctuations recently between $2,100 and $2,400, with a current price around $2,300🔍
While there was a 12% dip over the past week, remains cautiously optimistic about price going forward based on the potential for an Ethereum ETF.
💸Current Price -- $2300
📈Target Price -- $2900
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ETH #Cryptocurrency #DYOR
Reversalpattern
USDJPY | Perspective for the new week | Follow-upUSD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints.
On the USD front, resilience continues fueled by recovering US yields and positive University of Michigan (UoM) Consumer Sentiment data, providing the Greenback an additional boost. Eyes are on December's Personal Consumption Expenditures (PCE) figures, the Fed's preferred gauge of inflation, influencing market bets for upcoming decisions. Despite some easing in dovish expectations this week, the odds of cuts in March and May, according to the CME FedWatch Tool, remain at around 50% and 45%, respectively.
USDJPY Technical Analysis:
As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.800. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead.
Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together.
Wishing you success as you navigate the USDJPY market this week!
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by diminishing bets supporting an interest rate cut from the Federal Reserve (Fed.)
Uncertainty surrounds the US inflation outlook as price growth gradually recedes, counterbalanced by a robust economy fueled by strong household spending. This dynamic adds pressure to inflation and reinforces the likelihood of the Fed maintaining a restrictive monetary policy stance for an extended period.
The upcoming monetary policy meeting on January 31 is anticipated to see the Fed holding interest rates steady in the range of 5.25%-5.50%, marking the fourth consecutive time. Market attention will shift to the Fed's commentary on fitting the expected three interest rate cuts within the remaining seven policy meetings of 2024. Notably, Goolsbee highlights the necessity for further declines in housing inflation for a sustained reduction in price pressures, cautioning that inflation reversals could prompt rate hikes.
How will we navigate this market environment in the coming week?
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,005 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,005 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Harmonics don't work...Here's how I find my set ups I thought I'd share with you guys the process I use to find my shark setups, this is a strategy I've back-tested and tested several times. I must say textbook harmonic talk poop, the values I use work but the set-up I see written for the shark uses different values. I noted this and thought about it for a minute - then I said so can I break the rules or amend it, because what I see is making sense but following the book is frustrating me lol...
I mean it got through to me through multiple accounts including personal and funded accounts - (side note I'm not rich) hopefully this helps to to understand how I spot moves.
As long as you journal then you have a chapter to start from and that 1!!!!!
SILVER Neckline BreakHi Traders!
SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline.
Here are the details:
After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up perfectly with it.
We are looking for the market to stay below both the neckline and 20 EMA and look for exit targets near the 21.90 level.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 23.650
Support: 22.681
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Alibaba - Buy The DipHello Traders, welcome to today's analysis of Alibaba.
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Explanation of my video analysis:
Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the $65 level and a break above the trendline mentioned in the analysis, I am looking for bullish trading setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US Treasury bond yields, fueled by growing speculation that the US Federal Reserve would embark on aggressive rate cuts as early as March.
Simultaneously, the latest US inflation report unveiled that producer prices, or the PPI, fell below expectations, with the monthly PPI dropping by -0.1%, contrary to the anticipated 0.1% increase.
As of now, the market sentiment remains inclined towards an upward trajectory, following a rebound from the weekly lows in price action.
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,035 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action drops below the $2,035 level and selling pressure persists below the zone, we could witness renewed selling pressure.
Dive into the latest Gold market dynamics! Stay informed for strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Spot Bullish and Bearish Divergence PatternsHow to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish.
In simple words, the price movement is opposite to the stochRSI,
Price lower lows, stochRSI higher lows = bullish divergence>go buy
Price higher highs, stochRSI lower highs = bearish divergence>go sell
XAUUSD | GOLDSPOT | New perspective | follow-up detailsHappy New Year Traders! Gold surged, reaching a daily peak above $2,060, propelled by a nearly 1% decline in the benchmark 10-year US Treasury bond yield on Friday. This movement was triggered by a mixed bag of macroeconomic data releases from the US, intensifying the rally for XAU/USD.
The safe-haven asset exhibited notable volatility following the release of the mixed US economic data, revealing a robust US labor market but a weaker service sector. As a response, markets swiftly recalibrated their dovish bets on the Federal Reserve (Fed), shifting to higher odds of an earlier initiation of the easing cycle.
In December, the US labor market delivered an impressive performance, highlighted by the Nonfarm Payrolls report, which surpassed expectations by adding 216,000 jobs. This figure not only exceeded the consensus prediction of 170,000 jobs but also marked a significant improvement from the previous month's addition of 173,000 jobs. Moreover, Average Hourly Earnings experienced a monthly increase of 0.4%, surpassing the forecasted 0.3%, and maintaining pace with the previous month. The Unemployment Rate for December remained stable at 3.7%, slightly lower than the anticipated 3.8%.
On the flip side, the Institute for Supply Management (ISM) Services PMI for December recorded a decline to 50.6, falling short of the market expectation of 52.6 and underperforming the previous figure of 52.7. This decline in the US Dollar potentially curtailed the downside for Gold for the remaining session.
As we look ahead to the upcoming week, what are our expectations?
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,035 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action drops below the $2,035 level and selling pressure persists below the zone, we could witness renewed selling pressure.
Dive into the latest Gold market dynamics! Stay informed for strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
How you can earn money from this ICT setup?Here you are, please read the summary about Oil price below~
📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war.
🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.55%, to $73.10.
📈 Both benchmarks rose by around 3% to settle higher for the first time in five days on Wednesday, with WTI seeing the biggest daily percentage gain since mid-November.
🚫 On Wednesday, local protests forced a full shutdown of production at Libya’s Sharara oilfield, which can produce up to 300,000 barrels per day. The field, one of Libya’s largest, has been a frequent target for local and broader political protests.
💥 Also on Wednesday, nearly 100 people were killed in blasts at an event to commemorate commander Qassem Soleimani who was killed by a U.S. drone in 2020. Iranian officials blamed unspecified “terrorists” and vowed revenge. However, no group has yet taken responsibility for the attack. The U.S. has seen no indication Israel was behind the blasts, White House national security spokesperson John Kirby said.
🔥 Swirling regional tensions from the ongoing Israel-Hamas war also continue to support oil prices.
🚀 On Tuesday, Hamas’ deputy leader was killed in a strike in Beirut - the first strike to hit the Lebanese capital in almost three months of near daily fire between the Israeli military and Iran-backed Hezbollah that had been confined to the border region.
🚢 Shipping concerns in the Red Sea also remained after Yemen’s Iran-backed Houthis said on Wednesday they had “targeted” a container ship bound for Israel. U.S. Central Command said the militant group had fired two anti-ship ballistic missiles in the southern Red Sea the previous day.
Technical Analysis:
As we can see there are demand zone and FVG near $68 to $70 since the middle of 2023.
Here is a sharp rebounce (Pin bar) on the demand zone. A good ICT Long setup for both Swing and Intraday traders!
US100 16868.6 +0.4% IDEA AHEAD OF THE CPIGOOD DAY TRADER
Hope everyone is great a look at the NASDAQ, S&P 500 & US30 ahead of HIGH IMPACT NEWS TODAY.
* Its been a bullish week for all the above mentioned indices alike as we see a rejection on the weekly time-frame.
AS WE SCALE LOWER TO THE DAILY TIME-FRAME
* We swept those historic highs and rejected back into the range.
NASDAQ DAILY
* The NASDAQ tested the 50% FIB as we see a rally up
* Continuation is possible just as a possibility of sweeping the high.
S&P 500 DAILY
Same as NASDAQ we see the same setup on the US500
DOW JONES DAILY
* THE DOW is highly bullish this bring some interest Ahead of CPI.
* Traded Above the hostoric highs and kept there range bound for a some weeks.
* It will be interesting to see a push higher here but anticipating some reversals.
* With some projections there is still room above we see -2 projection and -4 projection yet to be tested.
A JUMP TO THE HOURLY TIME FRAMES
NASDAQ 1H T/F
* Beautiful bullish trend
* On high alert for signs of momentum shift but we remain strongly Bullish.
* We do see a cisd but this alone is not enough. awaiting more confirmations.
* THE SAME WITH THE S&P 500
US 30 1H
* Some bearish momentum coming into play.
* premature to decide ahead of high impact news but it would be great to see some reversal before continuation with the trend.
* LIKE I MENTIONED AWAITING TO SEE SOME SORT OF REVERSALS ON THE INDICES BUT IF CONTINUE BULLISH WE RIDE THE TREND
*** TRADING HIGH IMPACT NEWS IS HIGHLY RISK AS THE VOLITILITY IS CRAZY THIS IS NOT ADVISE TO EXCECUTE DURING THIS HIGH IMPACT NEWS***
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW🛑
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
DOTUSDTDOTUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 5.50
What you guys think of this idea?
GBPUSD Looking like it wants to reverse soonAs I monitor price looking for the original target of the previous Aug high to be taken out but not to sure if it will have the strength to get all the way up there. It is only Monday and a New High/Low is created for the week between Tue - Thurs. So watching to see how price reacts going into tomorrow.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsFollowing the US Federal Reserve's dovish pivot, the market experienced a shift in sentiment when New York Federal Reserve President John Williams expressed reservations about rate cut expectations, emphasizing the central bank's commitment to maintaining inflation at its 2% target. This development led to a rebound in US Treasury bond yields, providing some optimism for the US Dollar.
As we navigate through crucial macroeconomic data, including the Fed meeting, the market is processing this information, with the upcoming week poised to influence the direction of price action as we approach the end of the year. It is anticipated that the trends observed over the past six weeks will likely continue to year-end, albeit at a more subdued pace.
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,030 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action stays below the $2,030 level and selling pressure persists below the zone, we could witness renewed selling pressure back into the demand zone at the $1,960 zone. Generally, Gold remains bullish following a strong rebound from $1,970 on Wednesday. The pair, however, needs to breach the $2,050 resistance area to confirm the bullish view.
Dive into the latest Gold market dynamics! Stay informed for strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
BUNNY: Very Low Cap Crypto Gem, High Risk with UNLIMITED UPSIDE!Hello everybody!
PancakeBunny (BUNNY) operates as a DeFi yield aggregator and optimizer specifically designed for the Binance Smart Chain ecosystem. Emphasizing auto compounding, the PancakeBunny protocol empowers farmers to optimize their yields within the DeFi landscape.
Current Market Cap: Only $80K
Listed on: MEXC, PancakeSwap, and Jubi exchanges.
Potential for 10X to 100X or even more Growth during the 2024 Crypto Bull Run.
Technical Analysis:
You can observe the formation of an inverse head and shoulders pattern around the 0.058 Level on the MONTHLY chart, indicating the potential for a HUGE reversal and then The Sky is Limit!
DISCLAIMER: This is not financial advice; everything you do is at your own risk!
EURUSD Double Top OpportunityHi Traders!
EURUSD is forming a potential double-top pattern, and there is great risk-reward potential for shorting opportunities near the resistance.
Here are the details:
The market tested the previous month's high of 1.10173, but the bears are holding very strongly around this level, which has currently formed a double-top pattern on the chart.
Preferred Direction: Sell
Entry Level: 1.09960
Stop Level: 0.65089
Target Level: 1.10771
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold price retreated and closed at the $2,000 mark for the first time since November 24, extending its losses. This decline follows the latest US employment report, indicating an improving labor market. The US Bureau of Labor Statistics reported the creation of 199K jobs, exceeding forecasts, while the Unemployment Rate dropped to 3.7%. Additionally, University of Michigan (UoM) data showed increased optimism among American households about the economy and a downward revision of inflation expectations. Market focus turns to the upcoming US inflation report and the Federal Open Market Committee (FOMC) meeting. Inflation is expected to remain at 3.1% annually, with no change in monthly inflation, while the Core Consumer Price Index (CPI) is forecasted to stay at 4% unchanged YoY and 0.3% monthly. Traders anticipate the US central bank to maintain current interest rates. As we gear up for a busy week filled with high-impact events from the US economic docket, how should we prepare?
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,000 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action drops below the $2,000 level and selling pressure persists below the zone, we could witness renewed selling pressure back into the demand zone at the $1,960 zone.
Dive into the latest Gold market dynamics! Stay informed for strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.