Targets AboveThe FED showed its hand and backstopping the banks.
Market is pricing in 25bp and pause for this months FOMC
Here are my targets above on spy:
Mar9 GAP 391.56
200D MA: 393.24
SINCE QE POC: 395.29
20D MA: 401.43
back to 25bp: 407.45
FEB16 GAP: 408.14
FEB2 HIGH: 418.31
AUG 19 TWBB GAP: 422.14
AUG18 TWBB GAP: 426.86
Targets
Gold's strong bounce off long term moving averagesThe strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart).
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
BTCUSD: Mistakes beginner traders makeBINANCE:BTCUSDT
Some Of the Main mistake's Beginner Trader often make ;
* Trading without a trading plan. Every trader needs a trading plan.
* Trading too much, too soon.
* Emotional trading.
* Guessing.
* Not using a stop-loss order.
* Taking too big positions.
* Taking too many positions.
* Over leveraging.
We have hit our target of 25k consistently for last few days. Well, as any other person, I would also like to take a time to give a pat on back since we have hit our targets in BTC. 25K is done.
Now what to expect?
While there is increased trading activity due to some events, its still not looking overlay positive for BTC in long run. I expect it to face resistance here and fall back to see if there are whales willing to push further - I doubt there are.
This will be a strong long term resistance and we will see price bouncing between this and about 18k regularly.
At least for few weeks.
Lets see what BTC holds for us, personally we are closing all the longs. Not entering shorts just yet though, as system hasn't given a short signal yet.
Lets wait and watch.
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the DOT to USDT chart on a 4-hour timeframe. As you can see, the price is moving in the uptrend channel indicated by the yellow lines.
Let's start with the support line and as you can see the first support in the near future is $6.69, if the support is broken then the next support is $6.50, $6.36 and $6.21.
Now let's move to the resistance line, as you can see the first resistance is $6.69, if you manage to break it, the next resistance will be $7.14 and $7.37.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI has approached the upper end of the range, which may give an impending price rebound.
BNB / USDT 1H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 1-hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $326.4, if the support is broken then the next support is $324.2, $322.2 and $319.2.
Now let's move to the resistance line, as you can see the first resistance is $330.2, if you manage to break it, the next resistance will be $332.7, $335.9 and $340.1.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a downtrend, while the RSI has a rebound.
SOL - USDT 4HChart, targets and stoplossHello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local uptrend channel.
Let's start with the determination of the support line and as you can see, in the first order, it is worth marking the support zone from $ 24.33 to $ 23.55, if the support is broken, then the next support is $ 22.79, then we have the second support zone from $ 21.70 up to $20.33..
Now let's move on to the resistance line, and here again we will start by marking the resistance zone from $25.16 to $25.87, if we manage to break it, the next resistance will be $26.81, and then around $29.44.
Looking at the CHOP indicator, we see that there is some energy left for the next move, the MACD indicates the limits of the return to the local uptrend, while the RSI is moving in the middle of the range and tries to break above the downtrend line.
Daily review of ETH interval 1HHello everyone, let's look at the ETH to USDT chart on a 1-hour time frame. As you can see, the price is moving on the border of the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1667, if the support is broken then the next support is $1653, $1638 and $1617.
Now let's move to the resistance line, as you can see the first resistance is $1687, if you manage to break it, the next resistance will be $1711, $1730 and $1750.
Looking at the CHOP indicator, we see that the collected energy was used for a correction, the MACD indicates the maintenance of the local downtrend, while the RSI showed a rebound and an immediate rebound.
YFIUSD: Bullish Consolidation Setup to Recover 3 Macro ZonesYFI right now is attempting to break above the zone it failed to break above before and appears to be heading into the level with much more strength than last time after a short term period of Consolidation. Now it is Broken above the 200 day SMA and getting ready to test the previously failed zone as support.
With this i'd expect it to complete a meaesured move of the Consolidation Flag, which would take it up 40%, after that it could pullback or be done; but the macro structure overall would kind of demand that; YFI in time, rise back up to $15,000 and maybe even $75,000 to complete the Squaring Up process.
TSLA: Fantastic Reaction. 👍• TSLA is doing an important reaction, as it is trying to reject the Dark Cloud Cover candlestick pattern, our top sign from Monday;
• This top sign wasn’t completely rejected yet, but even if TSLA resumes the drop, there are many support levels to hold the price;
• The first support is the $154, then the gap area around $146. What’s more, there is the 21 ema, which is ascending right now;
• A pullback to any of these support levels could be an opportunity to buy at a cheaper price;
• The key resistance is the $182.50. If TSLA breaks the $182.50, then our next resistance level is the $200;
• I’ll keep you updated on this, as usual.
Remember to follow me to keep in touch with my daily analyses!
XAU/USD Outlook : Potential Targets and Trading OpportunitiesJoin us as we take a closer look at the XAU/USD market and identify key levels of support and resistance . Based on our analysis, we'll provide you with potential targets and highlight the best trading opportunities for the coming week. Whether you're a seasoned trader or just starting out, this video will give you a comprehensive overview of the XAU/USD market and help you make informed decisions. Don't miss this opportunity to stay ahead of the game and maximize your profits in XAU/USD trading!
BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line, moreover, on the EMA Cross 10 and 30, we can see the crossover point and an indication of entering a downtrend.
Let's start with the support line and as you can see the first support in the near future is $287, if the support is broken then the next support is $280 and $270.
Now let's move to the resistance line, as you can see the first resistance is $294, if you manage to break it, the next resistance will be $298, $302 and $307.
As we can see, the MACD confirms the local downtrend, while the RSI has a nice recovery and room for new growth.
Daily review of ETH interval 1HHello everyone, I invite you to a quick update of the situation of ETH to USDT on the 1H interval.
As we can see, we have formed a Rising Wedge pattern, which unfortunately is characterized by an exit from the bottom.
We can use the current situation to play the position, for this purpose we will mark the Stop Loss at $1618, which should be taken into account when playing short.
Entering positions in the area of the formation or just after leaving the formation at the bottom at $1525.
However, the target that can be taken into account is $ 1434.
Ocean Protocol - 2 scenarios Currently looking for longs on $OCEAN
Scenario A
- retest breakout level and diag in yellow (618 fib) and invalid on a loss of diag and upper yellow
- target range eq for ~10% and target supply/resistance in red zone above and final target at range high
Scenario B
- we lose the diag and hold lower yellow area atop HTF demand (red line making this trade specifically invalid)
- same targets
Both scenarios could get front-ran, but I am not willing to enter a trade here as if it continues to push with shallow retracements I don't like the risk R/R and no clear invalidation.
Laddering my TP's 50% -> 40% -> 10% or something similar depending on PA at the time.
Bitcoin Shorts With Targets based on riskThis is the case for shorters. Targets based on actual risk at the time.
Bitcoin has gone up to almost liquidate 3x positions that have sold the current bottom. There was not been a 5% drop until price has topped out. Shorters are in panic and praying for price to reach 17.5k to 18k again so they can exit their short.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on the four hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $17214, if the support is broken then the next support is $17169 and $17111.
Now let's go from the resistance line, as you can see the first resistance is $17311, if you manage to break it, the next resistance will be $17367, $17426 and $17505.
Looking at the CHOP indicator, we see that the energy is slowly increasing, the MACD confirms the uptrend, while the RSI is moving in the upper range, which may indicate a small correction.
SPX: A Bearish Pattern under a Key Resistance. Be careful.⚠️• Yesterday, the SPX broke the resistance at 3,911 for a brief moment, but by the end of the day, it lost momentum, couldn’t close above it, and it did a Shooting Star candlestick pattern;
• This could be just a pullback to the 21 EMA, but the fact it found a resistance at 3,911 again it is not good for the bulls;
• We warned about this on my previous SPX analysis – link below this post;
• This Shooting Star might frustrate any attempt of a bullish reversal, and would require a very impressive bullish reaction to frustrate this bearish sign. Ideally, it would need to break the Shooting Star's high in order to reject the bearish candlestick;
• The way it closes yesterday will tell us if the index will confirm a bearish continuation to the 3,744, or if it will reverse and seek the 4k area again;
• According to Bulkowski’s studies, a Shooting Star works as a bearish reversal 59% of the time, and when triggered, hits the technical target 84% when we are in a bear market, and see a downwards breakout;
• I’ll keep you updated every day on this.
Remember to follow me to keep in touch with my daily analyses!
BNB / USDT 4H INTERVAL, STOPLOSS AND TARGETSHello everyone, let's look at the 4H BNB to USDT chart as you can see that the price is moving in a sideways trend channel denoted by the white lines.
Let's start by setting goals for the near future that we can take into account:
T1 = $246.9
T2 = $248.4
T3 = $250.6
and
T4 = $253.6
Now let's move on to the stop loss in case the market goes down further:
SL1 = $245.2
SL2 = $243.3
SL3 = $240.4
and
SL4 = $236.8
Looking at the CHOP indicator, we see that the energy is charged on the 4H interval, while the MACD indicator indicates a local uptrend.
XRP - Golden zoneThis might be a nice long position entry , here is why:
- hype on XRP today - 26 Dec
- end of bear market might be just in the next corner
- 50% and 68% retracement level are on nice orderblock volume
- double bottom
- trend seems to be reversing
- on balance volume (obv) shows volume and price action are not divergent
CRO / USDT 1W Interval ReviewHello everyone, let's take a look at the 1W CRO to USDT chart as the price is currently at the 2020 low and also looking from the 2021 high at around 95% down.
Let's start by setting goals for the near future that we can take into account:
First, the price has to break through the strong resistance zone from $0.0629 to $0.0876, only then will it be able to move towards the targets:
T1 = $0.1071
T2 = $0.1397
and
T3 = $0.1723
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.0571
SL2 = $0.0463
SL3 = $0.0376
and
SL4 = $0.0288
Looking at the CHOP indicator, we see that on the 1W interval, the energy is used for price decreases, the MACD is close to the intersection, however, it indicates an uptrend, while the RSI has been moving at the lower end of the range for a long time, which may indicate upcoming price increases.
FTM / USDT 1D Interval - Targets and StoplossHello everyone, let's look at the 1D FTM to USDT chart as you can see that the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 = $0.2091
T2 = $0.2193
T3 = $0.2277
T4 = $0.2355
and
T5 = $0.2473
Now let's move on to the stop loss in case the market goes down further:
SL1 = $0.2019
SL2 = $0.1854
and
SL3 = $0.1644
Looking at the CHOP indicator, we see that most of the energy has been used on the 1D interval, the MACD indicator indicates that we are moving in a local downtrend.
UNIUSDT 4H Interval- Targets and StoplossHello everyone, let's take a look at the 4H UNI to USDT chart as you can see that the price is moving below the uptrend line and we are still below trending as well.
Let's start by setting goals for the near future that we can take into account:
T1 = $5.53
T2 = $5.72
T3 = $5.89
T4 = $6.04
and
T5 = $6.26
Now let's move on to the stop loss in case the market goes down further:
support zone from $5.44 to $5.14
SL2 = $4.28
Looking at the CHOP indicator, we see that the energy is heavily depleted on the 4H interval, the MACD indicates a local downtrend, while the RSI is at the lower end, which could potentially indicate upcoming increases.