Signals
PEPE 4H. Awaiting Trend Confirmation: Why Patience Pays OffThe asset price has not dropped below a key support level.
If the current candle closes above the support level with increased volume, this would confirm the strength of the trend.
If this condition with volume and support holds true, it could push the price upwards toward the next resistance level, where growth might face challenges again.
I am considering entering the trade only after confirming that the trend is likely to continue.
DYOR.
BITCOIN The Volatility Index points to strong consolidation nextLast time we analyzed Bitcoin (BTCUSD) in relation to the Volatility Index (VIX), was 4 months ago (August 22, see chart below) and was an extremely successful projection as we took advantage of the 1W MA50 (blue trend-line) bottom and predicted the $100k Target, which recently got hit:
Once more, we decided to seek the (mostly) negatively correlated patterns of VIX (chart on the right) to determine BTC's (chart on the left) price action in the coming months.
Based on VIX's Channel Down, the fact that it broke below its 1W MA50 (blue trend-line) and now is rebounding indicates that BTC may be entering a weekly consolidation phase. As you can see on VIX's chart, every time it broke below the 1W MA50 and started rising, Bitcoin entered a multi-week consolidation phase that sometimes was quick and others many months in length. Its 1W RSI is also at a level that relates to all those consolidation phases.
In our opinion this consolidation has more probabilities of being similar to December 04 2023 - January 29 2024, as the post August 2024 rally resembles more the rally that started on August 2023. This highlights the high degree of symmetry within Bitcoin's 2-year Channel Up.
If it continues to replicate that huge Bullish Leg, then we might as well see the rally peaking upon a +195.27% rise again. That could target $145000 by May 2025, which technically would also be marginally above the 1.5 Fibonacci Channel extension, similar to the March 11 2024 High.
So what do you think? Is it possible for Bitcoin to enter a multi-week consolidation now? Feel free to let us know in the comments section below!
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BLUR 1D. New Opportunities: My Updated Spot and Futures 12/16/24We’ve already hit previous targets for our futures position, and now I’m considering re-entering both spot and futures trades.
During the correction, the support level at $0.2920 was once again held, signaling strong bullish sentiment among buyers. This strength likely indicates further price growth ahead.
Here are my updated targets: $0.5827, $0.7328, $0.8341.
My forecasts aren’t rules — they’re my personal strategy and trading journal. What you do is your decision!
DYOR.
JBLU: Anticipating a Pullback for a Strategic EntryI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
JetBlue Airways Corporation ( NASDAQ:JBLU ): Anticipating a Pullback for a Strategic Entry
Trade Setup:
- Anticipated Entry Price: $5.27
- Stop-Loss: $3.72
- Take-Profit Targets:
- TP1: $9.52
- TP2: $14.23
Company Overview:
JetBlue Airways Corporation ( NASDAQ:JBLU ) continues to work toward recovery in a challenging airline market. While the stock is currently trading at $7.16, the anticipated pullback to $5.27 would provide an attractive entry point for traders seeking to capitalize on a recovery in passenger volumes and operational improvements.
Earnings Reports:
- Q3 2024 revenues came in at **$2.5 billion**, a **6.5% year-over-year increase**, supported by higher passenger demand.
- Improved cost management resulted in **$185 million in net income**, reflecting significant progress compared to losses in previous periods.
Valuation Metrics:
- Price-to-Earnings (P/E) Ratio: **12.4**, highlighting potential undervaluation relative to peers.
- Price-to-Book (P/B) Ratio: **0.8**, suggesting upside potential as the stock remains below its book value.
Market News:
- JetBlue is expanding international routes, aiming for higher revenue streams through underserved markets.
- Continued cost-cutting measures and improved operational efficiency are likely to strengthen the company’s financial health over time.
Technical Analysis (Daily Timeframe):
- Current Price: $7.16
- Moving Averages:
- 50-Day SMA: $6.50
- 200-Day SMA: $6.80
- Relative Strength Index (RSI): Currently at 65, signaling that the current rally could soon face resistance and lead to a pullback.
- Support and Resistance Levels:
- Immediate Support: $6.50
- Anticipated Support: $5.27 (entry target)
- Resistance: $7.50
With NASDAQ:JBLU currently trading above $7.00, the RSI suggests overbought conditions, increasing the likelihood of a short-term pullback. The expected entry at $5.27 aligns with prior support levels, making it an ideal price for a recovery-focused setup.
Risk Management:
A stop-loss at $3.72 minimizes downside exposure, while take-profit targets at $9.52 and $14.23 offer significant upside potential of **80%** and **170%**, respectively, from the anticipated entry point.
Key Takeaways:
- Awaiting a pullback to $5.27 for an ideal entry point into NASDAQ:JBLU ’s recovery story.
- Favorable risk-to-reward ratios make this a compelling opportunity for both swing and long-term investors.
- Patience and strict adherence to the trade setup are essential for capturing this move.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
GBP-JPY Bullish Breakout! Buy!
Hello,Traders!
GBP-JPY is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 194.327
And the breakout is confirmed
So we are bullish biased and
We will be expecting further
Growth after a potential pullback
Buy!
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AUD-CHF Will Go UP! Buy!
Hello,Traders!
AUD-CHF is already making
A bullish rebound from the
Horizontal support level
Of 0.5668 while trading
In a local uptrend so we
Will be expecting a further
Local bullish continuation
Buy!
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USDCAD BUY | Idea Trading AnalysisUSDCAD is moving UP
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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AUDUSD BUY | Idea Trading AnalysisAUDUSD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
USDCAD Analysis And Next Market Move Pair Name = USDCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
USDCAD is overall bullish and gradually moving. CAD is not strong today. That is pushing USD higher. We can see gain UpTo 100 Pips + here .
Gradually it will climb
Bullish Target :-
1.44000
1.45000
NASDAQ rally still has lots of upside before is tops.Nasdaq (NDX) is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.
As you see, the previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg already had a strong pull-back early on (August 26 - September 02 1W candles), it may continue to rise up to its target without another correction, assuming the 1D MA100 (red trend-line) holds.
If however it has another pull-back similar to the previous Bullish Leg (March 04 - April 15 2024), then it should rise some more near the 0.236 Fibonacci level and then pull-back.
In any event, the current level is technically a solid long-term buy entry and since both previous Bullish Legs have been around +48%, we expect to see 25300 before the current one tops.
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GBPCAD Analysis And Next Market MovePair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBP is getting strong. Gradually buyers are increasing. GBPCAD is getting ready for a good bullish wave. Expecting 300 Pips + gain here in the move.
Bullish Target :-
1.83000
1.84000
US500 Is Very Bullish! Long!
Take a look at our analysis for US500.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 6,060.5.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 6,114.4 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD Is Going Up! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,658.744.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCHF Will Fall! Short!
Here is our detailed technical review for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.890.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.881 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURNZD Will Go Lower From Resistance! Sell!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.818.
The above observations make me that the market will inevitably achieve 1.803 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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XAUUSD still at the bottom of the 1 year Channel Up. Strong Buy.Gold (XAUUSD) has been trading within a 1-year Channel Up since the October 02 2023 weekly bottom. When it makes a technical Higher High and then pulls back, the pattern's Bearish Legs tend to be quite prolonged but at the same time always supported by the 1D MA100 (red trend-line).
The current Bearish Leg bottomed on the 1D MA100 on the week of November 11 2024 and made a technical Higher Low. Based on the previous two Higher Lows, the price may continue to consolidate until the end of the year before it breaks out again upwards but with the current level being so close to the 1D MA100, it makes it already a technical buy opportunity.
All previous Bullish Legs hit at least the 2.5 Fibonacci extension from the Higher High - Higher Low and the strongest rise has been +22.50%.
As a result, we can target $3100 as the Channel's next Higher High, which would be a +22.50% rise from the November bottom but still below the 2.5 Fibonacci extension.
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USDJPY Will Move Higher! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 153.579.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 153.895 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPCAD Is Bullish! Long!
Here is our detailed technical review for GBPCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.796.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.800 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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