Supply and Demand
USNAS100 / ATH, CONTINUE OR REVERSING Technical Analysis
The price reached another ATH 21675, and now consolidating between 21535 and 21680 till breaking, stability below 21530 means it will drop to get 21420 and below that will get 21220
Otherwise, stability is above 21675 which means will push up to get 22000, especially if the 4h candle closes above it.
Key Levels:
Pivot Point: 21590
Resistance Levels: 21675, 21820, 22020
Support Levels: 21530, 21420, 21215
previous idea:
$45 is the new baselineExpectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection.
The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the fundamentals of what PLTR provides as a service, changes, then anything below $45 is a back-up-the truck moment to buy. Right now this dramatic price action is because of the one-time inclusion into NASDAQ, which means funds and etfs need to buy it. Also institutions need to buy it to, to mirror whatever indices they follow.
PLTR = efficiency
Trump and Co. will be looking to optimize every federal gov agency and department. That's what PLTR does, and the federal government has deep pockets to buy what PLTR pedals. They've proven themselves in the military space already, and are now applying that commercially. Same basic tech, but rebranded. Throw in a bit of "AI" buzzword into the sales pitch and high level management everywhere will think this is the cat's meow in terms of offering a competitive advantage. Basically, the perfect storm for incredible growth at least for the next 18 months.
Will hold and re-evaluate once we hit $80.
RESULTS ON USD/JPY SO FARUSD/JPY 1H - As you can see from the analysis above the analysis that was provided back on the 1st December has played out exactly as predicted, we wanted to see structure break to the upside then pullback before taking off.
As you can see price has done exactly that, we have seen price trade up breaking structure initially, telling us retail traders that the trend is reversing to the upside. We then saw price begin trading down and into an area of interest.
The trade above is running + 150 pips. (+ 7%) 7RR
This giving us the opportunity to buy into this market at a good price, one that was more refined and cheaper than where it was at initially. You can also see the most recent analysis performed on this weeks Sunday Sessions video.
I have gone ahead and put a trade out on screen so you can see how that most recent analysis has performed, price has played out perfectly generating some healthy returns. I feel we will see price now trade up and into the Supply Zone above.
BNXUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $0.6463
Take Profit; $0.8975
Stop Loss; $0.5671
ARUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
Entry; $24.79
Take Profit; $27.70
Stop Loss; $23.87
LOOKING TO GO SHORT ON XAU/USDXAU/USD 4H - As you can see from this screenshot I am wanting to see price trade us lower from the Supply Zone I have marked out, price trading into this and rejecting to the downside builds confluence.
If you are wanting to be less pre-emptive and wait for entry confirmation you will need to go to the lower timeframes, like the 15M & 5M. This will allow you to get your fractal breaks of structure to the downside to confirm a reversal in trend.
a BOS would suggest enough Supply has been introduced to flip the balance, putting an end to this current bullish correction and starting the next bearish leg trading price lower. If you are a higher timeframe trader or someone who is more aggressive with there approach a penetration and rejection may be enough.
I will be looking at the lower timeframes for additional confluence for you all, but this is a trading opportunity we could look to take advantage of, I will provide further analysis on this pair shortly.
SHIB’s Impressive Uphill battleI personally am more of a stock trader - I always thought that if I put my analysis to work on a crypto chart, I’d find major opportunity - but, didn’t even want to get involved in any coins other than BTC and ETH. Random DOGE purchase before the first pop on word from a friend - and most recently SHIBA INU prior to its .000045 pop. I’ve returned this month after pulling up a chart and running through recent time frame action, along with the obvious crypto boom approaching with TRUMP. Decided to throw a small amount in both SHIB, DOGE, and ETH.
But specifically analyzing SHIB, I’m seeing incredibly healthy liquidity building and seeing an increase in bullish volume at created levels of demand. Each time we re-tap a demand zone, we essentially confirm it as a liquidity level that was built purposely to establish A) strong demand and B) a more sustained move up. We’re seeing this happen on the LTF and is fitting into our HTF picture as well (I’m talking known resistance from the last large price boom).
We’ve come to reattempt a break of a known HTF level of resistance now - each time adding liquidity to that zone and increasing the potential of this becoming a level of support in the future. From the HTF perspective, we are closing a HTF cup utilizing a previous liquidity level to create the healthy potential of a larger breakout. It can, however, prove to be an impenetrable resistance zone and be at a natural top of range for the time being.
However, what we’re seeing based on the volume and both rejection and support, we see an increase in bullish buying at higher and higher established demand levels and also an decrease in selling at that same HTF supply zone
At the same time, this same process happens on a LTF level and can prove either stronger supply or demand at lower and tighter levels and indicate where we have become more bullish than bearish based on where the HTF needs to go.
Anyway, bullish SHIB and I personally bought some recently at the ..000027 demand and then again where I identified in the video at that .29 demand grab.
Happy trading and weekend all :)
ETH Update: Pivot Point ShowdownEthereum (ETH) is currently trading at a critical juncture, hovering around a key pivot level. This price zone represents a crucial decision point for the cryptocurrency, with the potential for a significant move in either direction.
The Current Situation
ETH has been consolidating in recent days, with bulls and bears locked in a tight battle for control. The pivot level, which currently sits around , is acting as a strong point of contention.
Possible Scenarios
Scenario 1: Bullish Reversal If bulls can muster enough strength to push ETH above the pivot level with conviction, we could see a significant upward move. This would likely be fueled by increased buying pressure and positive sentiment in the market.
Scenario 2: Bearish Breakdown If bears manage to break down below the pivot level, it could trigger a sharp decline. This would likely be accompanied by increased selling pressure and negative sentiment. In this scenario, ETH could potentially drop to the support level, which sits around the 3600 range.
Key Factors to Watch
Trading Volume: A surge in trading volume accompanying a breakout above or below the pivot level would add conviction to the move.
Momentum: Strong bullish or bearish momentum on smaller timeframes could provide clues about the direction of the next major move.
News and Sentiment: Keep an eye on any major news or developments in the crypto space, as these could influence ETH's price action.
The Decision Point
The next few days will be crucial for ETH. The outcome of the battle at the pivot level will likely determine the direction of the next major move. Traders should remain vigilant and be prepared for volatility in the near term.
Disclaimer: This is not financial advice. Please do your own research and consult with a financial professional before making any investment decisions.
GBPUSD Sell AnalysisAs we didn't see a sharp bearish move to create a bearish OB, So I think the price will go higher to touch the supply area and then starts to go down sharply.
We have to wait for more confirmation...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
#WIF - Next leg up loading -> Min 40% Are you ready for the next leg up for BINANCE:WIFUSDT ?
Price is now inside the massive bullish swing retrace:
1. Just hit 0.618 retrace
2. Is forming a huge 4h hidden bullish divergence on both RSI and Stochastic RSI (continuation pattern for beginners)
3. There is plenty of liquidity above those juicy high wicks
Pack your bags now, you don't want to miss this one, it's close to 50% to break the nearest high!
Follow for more ideas and drop me a comment with what other charts you want to see!
MAT - Short/Long Term trade opportunityI like this chart and this company - I don't believe toys are going anywhere and they've proven that with consistently strong sales.
Looking to continue adding to my position here at known demand levels like we hit today and to take some profits in the $21-$24 range in the near future
Happy Trading :)
Overview of recent trade opportunitiesLots of opportunity to make $ in this market - just take a look at REAL which I've been preaching for about 2 years now.
Some of the companies I highlight here:
GOOGL, RBLX, CELH, DPZ, ASTS, LUNR, SHIBA
Many more opportunities coming - I hope to be settled in after my move in the next few days and will be back with further analysis videos and trade ideas then!
Happy Trading all :)
GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools).
I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach.
These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller.
Key levels:
Entry: $2,646
SL: $2,680 (just above recent key level to act as a barrier)
1st TP: $2,535
2nd TP: &2,470
Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
GBPUSD Sell Limit OrderHi everyone.
I think with this bearish engulfing candle we have an area with a good potential to go short.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Gold Buy Limit OrderI think we're going to have a pull back in 1H TF and I think this area is good enough to set a buy limit order.
there's a FVG and OrederBlock waiting for us.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
USDT DOMINANCE is close to a strong support levelThis analysis is an update of the analysis you see in the "Related publications" section
First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
It seems that Tether Dominance has entered a large C wave.
If we reduce the time frame and want to analyze the movements of Tether (USDT) dominance more precisely, It seems that the asset is forming either a diametric or a triangle pattern.
In this scenario, we are focusing on the diametric pattern. From the green zone, the price could create an upward correction.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You