Why WEN Could Reach $0.01: Raise Your Targets Now!In this technical analysis, we break down the reasons and factors suggesting that WEN could reach the coveted value of $0.01. We are on the brink of a bullish supercycle, particularly in the meme cryptocurrency sector, where cat-themed memes are gaining unprecedented relevance, similar to the phenomenon seen with Bonk (dog-themed).
It's crucial for everyone involved to reassess and elevate their projections, as we are very close to achieving this milestone. With a projected market cap of $7 billion, the possibility of WEN surpassing the penny threshold is tangible. We cannot ignore the potential price impact if influential figures like Murad mention WEN on platforms like Twitter; such an event could unleash a wave of FOMO so intense it could potentially propel us to an unexpected value of up to a dollar.
The community strongly supports WEN, and while its ecosystem benefits are evident, our immediate focus is reaching the penny mark. Dog-themed cryptocurrencies have fallen out of fashion, and capital rotation is heading towards memes with higher FOMO potential, with WEN being one of the most notable.
See you on the moon, and remember to wear a helmet, because the WEN cat already has his on! The cat is cute.
Seasonality
Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully.
From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move.
Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.
ALGOUSD LONGMonthly Bullish break and close and pullback completed
Weekly Bullish break and close and pullback completed
Daily Bullish break and close and pullback completed
I now forecast Bullish upwards momentum, If this does not take place, Expect complete failure and price to stab through the Lows.
I for one am Certainly Bullish ALGO
Gold Bulls in Control: New ATH Expected SoonAs discussed in Monday's analysis, Gold is likely to reach a new all-time high this week, and I still hold this view.
After a brief dip that corrected last week's gains, the bulls regained control.
At the time of writing, the price stands at 2677, surpassing the local resistance level of 2667 and nearing the previous ATH of 2685.
My strategy remains to buy on dips, and in terms of targets, we could see Gold trading above 2700 in the coming days(if not even today)
Two weeks of bullish momentum ahead?I entered a long position in the NASDAQ:QQQ ETF a few days ago after the price pulled back to the previous high. It was a slightly premature entry, as the price continued to pull back to the 50% retracement level of the last bullish move. 😉
The overall chart looks a bit exhausted from the bullish run following the August low, but I still expect the NASDAQ to rise until the US election. Statistically, since the 1950s, there has been over an 80% chance that the stock index rises before the election.
Additionally, we're supported by the SMAs, and there’s still some room left until the ATH is reached.
Good trades, folks!
EURCAD LONG TO WEEKLY HIGHS [ICT CONCEPTS]Both eurcad and gbcap are trading from weekly lows to the upside.
EURCAD tapped into a bullish fvg with a smt divergence with GBPCAD. The hourly structure shifted and bullishnes is clear now.
This looks like a perfect station to get in longs towards the current week's high as a first tp and then take older highs.
1-800-Flowers.com | FLWS | Long at $8.001-800-Flowers.com NASDAQ:FLWS has been in price consolidation mode since 2022 and may be gearing up for an upward move as my historical selected simple moving average reconnects with the price. The company is expected to become profitable in 2025 and the holiday season is approaching. Historically, this is the period when the price begins to rise. With a 25 million float and 14.54% short interest, this ticker could get interesting if it takes off. But be cautious as the economy seems to be showing signs of slowing... At $8.00, NASDAQ:FLWS is in a personal buy zone.
Target #1 = $9.20
Target #2 = $10.50
Target #3 = $20.50 (long-term if the economy is strong...)
NZDCAD - Bullish Seasonals - Bullish ContinuationFX:NZDCAD - October has been a positive month for this pair 80% of the time in the last 14 years. Recently, price retested the weekly higher low (block dotted line), formed bullish divergence and continued the bullish momentum! I am expecting a bullish month for NZDCAD as per seasonal behavior and current price action!
XAU TODAY: BUY & SELL POSSIBLE SCENARIOSHey Guys, I see two possibilities could play out today, This is not a financial advice just a simply analysis. Trade smart, Trade safe!!
Market Analysis (15th October 2024)
XAUUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS:
1) Body candle close above the 2652 level.
2) Retest the failed 15M bearish Breaker Block.
3) Create a 5/15M bullish engulfing candle to capitalize on BUYS towards the 2661 level and potentially higher prices.
🔴SELLS:
1) Retest the 15M bearish Breaker block at the 2650 level.
2) Create a 5M bearish CHOCH with a body candle close.
3) Retest the 5M bearish CHOCH to capitalize on SELLS towards the 2630 level.
Tesla: Red on the YearThe S&P 500 is up about 23 percent this year, but Tesla has turned red again.
The first pattern on today’s chart is the $248.48 level were TSLA ended 2023. The EV maker managed to tick above that level in July and late September. But last week it returned decisively below it.
The stock also made a lower monthly high, which is potentially consistent with a downtrend.
Next, traders may see space to the downside. The late-August low and 200-day simple moving average are both near $202.50. Below that, chart watchers may eye the early August low of $182 and the June low of $167.41. The 52-week low is down at $138.80.
Given the strong performance in so many other names, TSLA’s weakness may stick out like a sore thumb. That may create further risks given this point on the calendar. Will investors, sitting on gains in other stocks, look to harvest tax losses in TSLA? Could it also fall prey to bearish “window-dressing” as yearend approaches?
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CLSK: Big Move ComingCLSK technicals look like the price is ready to make a move up. Weekly MACD beginning to curl higher, higher highs and lows on the RSI, and volume profile support with a massive volume gap to the upside provide for a bullish setup.
BTC is approaching the time frame where historically, post-halving, the price per coin moons higher. Additionally, the US fed is lowering rates and china is providing stimulus to their economy, which will provide for more cash that can make its way into crypto.
CLSK’s hashrate expansion and BTC owned can make this miner a prime benefactor of a bullish BTC move.
Pepe setting up for next leg?With a breakout and retest of a 4 month descending trendline, Pepe looks to potentially be setting up for its next leg. A bullish Q4 for Bitcoin as we have seen last 2 halving years should give Pepe the boost it needs to make the next leg up similar to the one it made in Feb/Mar of this year.
XAU DUMP INCOMINGHey guys, gold played out as per our prediction yesterday on the buy side after the CPI. Today, I see gold is about to take a massive dump towards the 2587 zone. It's still on a bearish movement and has taken the 0.62 Fib as retracement. However, there will be short pullbacks on its way down. I guess London will give us a little hint on its dump volume. Anyway, today is Friday, and it can be crazy before the PPI data comes out during the New York session. Trade safe, trade smart.
Get Ready For The "Top 13 Iron Watchlist" + Gold Price ActionThis is something I have been struggling with
"what indicator to use for the top 13
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On the 19th Of October,2024
This watchlist is whats going to rocket boost
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-
Look at this chart notice that the stochastic rsi
3 day moving average
has crossed the 14 day
moving average?
Also notice that the price is in an uptrend?
--
This asset price is from the Top 13 Iron Watchlist
This watchlist is a new way of looking
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But what makes this one unique
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One of the assets on this watchlist
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check out the rocket booster
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It has chance to push up to the Mondays highsIt has a chance to push up to the Monday highs
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
BTC | Cyclical FIBO analysisAlthough I don't completely believe in cyclical analysis on emerging technologies, this overview is interesting.
Everything needed to understand my analysis is directly embed on the chart .
Please, feel free to comment and share your idea! It's always wonderful to have a chat, especially on long term outlooks.
Donald Tremp Efects !Hi Dears.
I spend more than 7 Years to make something Happen
! CRYPTO EFECTs !
usd had many pairs in cryptocurrency Like USDT "tether"
2025 is crypto year
if do you want my technical view ... We had new dump in EURUSD to More than 2% (5000 pips)
@TradeWithMky whats new ?! we dont have any fight again oh I forgot to tell something old
BUY BITCOIN NOW
XRP Bullish DumpingReason for neutral: I believe price will dip again to present bearish, then it will bounce. It shouldn't break down under June low again if it were to bounce.
XRPBTC and its USDT pairing reaction
View of the range that developed after Coinbase delist & relist
Price target ideas based on ranging and mean reversion
Sources, used the earliest I could find for the accurate prices at public news drops:
Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge
x.com
Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3)
x.com
Coinbase will suspend trading in XRP on January 19
Updated July 13th at 5:35pm ET - Coinbase has relisted XRP: twitter.com
In light of the SEC’s recent action against Ripple Labs, Inc., Coinbase plans to suspend trading in XRP on Tuesday, January 19, 2021 at 10 AM PST.
www.coinbase.com
See my related idea for a chuckle