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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Trading
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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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.
Like and subscribe and comment my ideas if you enjoy them!
Gold Price Analysis December 16Fundamental Analysis
Expectations of a hawkish Fed rate hike next week boosted the US dollar and US Treasury yields on Wednesday, leading to a corrective pullback in gold prices from multi-month highs.
US President-elect Donald Trump's tax plan will add to inflation and delay the Federal Reserve's easing policy.
Technical Analysis
Gold is in a strong bearish channel with 2636 being the first target of the downtrend and 2626 the next. The recovery to be considered a trend reversal only when gold closes above the 2691 area. Gold is still considered a downtrend if it faces the 2672 and 2691 port areas. Pay attention to price reaction to have the best trading strategy
Trading attention zone
BUY zone 2626-2624 Stoploss 2620
SELL zone 2673-2675 Stoloss 2678
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 192.537.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.929 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CHF pair.
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EUR/NZD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.804 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USDCHF Will Collapse! SELL!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8906 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8862
Recommended Stop Loss - 0.8932
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USOIL SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 70.28 area.
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GOLD Technical Analysis! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2660.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2682.0
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
AUDNZD Expected Growth! BUY!
My dear subscribers,
AUDNZD looks like it will make a good move, and here are the details:
The market is trading on 1.1016 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1029
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Ethereum (ETH) – Bullish Outlook for 2025Technical Outlook:
Bullish Trend: Ethereum has confirmed a bullish trend across all time frames, indicating strength and continued upward momentum.
Resistance Zones: A breakout above the $4,100-$4,200 zone, forming part of a saucer pattern, could trigger a rally toward the $5,400-$5,600 region. This marks a key resistance level, and clearing it could set Ethereum on a path to new highs.
Long-Term Target: With the $8,000 target in sight for 2025, Ethereum holds substantial upside potential, especially if it continues to maintain bullish momentum in the short term.
Support Levels:
$3,300-$3,500: As long as Ethereum holds support above this range, the bullish momentum remains intact, with potential for further price appreciation.
Key Takeaways:
Bullish Setup: Ethereum's bullish trend is solidifying, and as long as it stays above critical support levels, the outlook remains positive.
Next Target: A breakout above $4,100-$4,200 could signal the start of a significant rally toward $5,400-$5,600, with the potential for even higher levels in 2025.
Long-Term Optimism: Ethereum is poised for strong gains in 2025, with an $8,000 target potentially within reach.
Conclusion: Ethereum's technical setup suggests a strong bullish continuation heading into 2025, with a focus on $4,100-$4,200 as a key breakout point for a rally toward new highs. Holding support above $3,300-$3,500 remains crucial for the bullish outlook.
Wagyuswap ($WAGYU/USDT) MAX POTENTIAL PREDICTIONCurrent Situation:
The Wagyuswap price currently sits at $0.0009969, indicating a significant decline from its historical all-time high (ATH). The technical chart shows clear historical price action where the market witnessed substantial upward momentum in the past. Volume remains moderate, which suggests liquidity but also reflects the cautious sentiment of current investors.
Key Resistance Levels:
$0.1326939 – Initial resistance.
$0.3240766 – Strong psychological barrier.
$1.3830605 – Key mid-term resistance.
$2.7354979 – Previous ATH level, which marks the peak price potential.
Maximum Price Potential:
According to the chart and analysis, $3.0759730 is projected as a maximum possible surge in price ( 275,802% increase ). This aligns with the potential recovery to the previous all-time high and beyond, provided market sentiment turns hyper-bullish.
Investment Prognosis (simulation):
If you invest $1,000 today at the current price of $0.0009969 , and Wagyuswap reaches the maximum projected price of $3.0759730 , the calculation is as follows:
Number of WAGYU Tokens Purchased (simulation):
WAGYU
Tokens= $0.0009969 * $1,000 ≈ 1,003,100 WAGYU
Value at Maximum Potential:
Future Value=
1,003,100 × 3.0759730 ≈ $3,086,000
Summary & Conclusion:
Wagyuswap has significant upside potential if it manages to retest its previous ATH or surpass it, with a projected maximum target of $3.0759730.
An investment of $1,000 today could theoretically yield over $3 million if Wagyuswap reaches this level.
This prognosis represents a maximal price potential, requiring ideal market conditions, strong community hype, and significant trading momentum to materialize.
While this analysis demonstrates the possibility of extraordinary returns, investors must exercise caution, as the crypto market is highly volatile, and such exponential gains come with substantial risks.
This is not a financial advice. DYOR! It is just a simulation.
VELAS is a true sleeping monster ATM (TA + TRADE PLAN)Trend Analysis
Current Price:
The price is hovering around 0.0117 USDT, which shows a small upward movement (+1.31%) in the current time frame (4-hour chart).
Trendline: The chart shows a downward channel (red arrow) where the price has been moving lower. However, the price is now approaching a key support level and showing signs of potential reversal.
Resistance Levels:
The resistance level is marked by a horizontal red line, indicating significant selling pressure at around 0.0160 USDT. The price must break this resistance to signal a potential upward trend.
Support Levels:
A key support zone is located between 0.0100 USDT and 0.0132 USDT (marked with green), indicating that the price has been consolidating and could bounce back from this level.
Indicators
VMC Cipher B-Divergences: The indicator is showing divergences, suggesting potential reversal points, especially as the market is showing bullish divergence at lower price points.
RSI (Relative Strength Index): The RSI is at 38.94, which indicates that the asset is in neutral or slightly oversold territory, suggesting that it could be poised for a bounce upwards if buying pressure increases.
Art Money Flow Index: This indicator is currently low (around 23.60), suggesting that the money flow is weak. However, it is not in extreme oversold territory, which gives room for potential growth if momentum picks up.
Stochastic Oscillator: The stochastic indicator is in oversold territory (around 35.39), signaling that a bullish reversal is possible if the trend picks up.
Volume Analysis
Volume: Current volume is 3.39K, which is relatively low but has been increasing recently. Higher volume during upward price movement would confirm the continuation of a bullish trend.
Key Patterns & Signals
Bullish Reversal Setup: The chart shows a potential bullish setup with increasing buying pressure near support. The presence of bullish divergences in the VMC Cipher and the RSI is an early indicator that the market could reverse to the upside.
Breakout: The chart suggests that once the price breaks through the resistance level at 0.0160 USDT, it could accelerate towards the 0.0200 USDT level.
Professional Trading Plan
1. Entry Points:
Primary Entry: Wait for a clear breakout above the resistance zone (0.0160 USDT). A confirmation of this breakout on higher volume would present a strong entry signal.
Secondary Entry: Enter near the support level around 0.0100–0.0130 USDT, particularly if there is a reversal candle pattern or other confirmation of bullish momentum.
2. Target Price Levels:
Short-Term Target: 0.0180–0.0200 USDT as the next resistance zone after a successful breakout from the current resistance.
Long-Term Target: 0.0280 USDT, assuming further strong upward momentum.
3. Stop-Loss Levels:
Primary Stop-Loss: Set a stop-loss at 0.0100 USDT (below the support zone) to limit downside risk in case of a breakdown.
Tight Stop-Loss: For more conservative traders, place the stop-loss just below the immediate support zone near 0.0120 USDT.
4. Risk Management:
Allocate a small portion of the portfolio per trade, and use appropriate position sizing based on risk tolerance. For example, 1–3% of the total portfolio per trade.
Monitor volume spikes and price action for any signs of reversal or trend exhaustion.
5. Trade Monitoring:
Regularly check the key technical indicators (RSI, Stochastic, Art Money Flow) for shifts in momentum.
Be aware of any external news or market events that could impact Velas’ price action.
The market for Velas (VLX) shows potential for a reversal upward, especially as it tests key support levels and the RSI enters neutral territory. The breakout above resistance would be the key confirmation for further bullish movement, and traders should be prepared for a possible rally towards 0.0200 USDT. Keep an eye on the trading volume and price action for confirmation.
An exciting week with many important economic data.World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%).
According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices weakening next week. The main reason comes from the US Federal Reserve (FED) reducing expectations about cutting interest rates, in the context of inflation still being "persistent".
Lukman Otunuga - market analyst at FXTM - gave a neutral comment on gold prices in the short term. According to him, the trend of this precious metal will largely depend on the policy message that FED officials give in the upcoming meeting. Otunuga emphasized that, if the FED continues to maintain its "hawkish" stance, this could limit the ability of gold prices to increase as investors gradually narrow their expectations for stronger interest rate cuts next year. 2025. On the contrary, if the FED signals to loosen policy in 2024, gold prices could increase to 2,700 USD/ounce or higher.
🔥 XAUUSD SELL 2656 - 2654🔥
💵 TP1: 2630
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2665
GBP/AUD Short, CAD/CHF Long, NZD/JPY Short and EUR/JPY ShortGBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
CAD/CHF Long
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Nightly $SPX / $SPY Predictions for 12.16.2024🔮
📅Mon Dec 16
⏰9:45am
Flash Manufacturing PMI
📅Tue Dec 17
⏰8:30am
Retail Sales m/m
📅Wed Dec 18
⏰2:00pm
FOMC Statement
📅Thu Dec 19
⏰8:30am
Final GDP q/q
Unemployment Claims
📅Fri Dec 20
⏰8:30am
Core PCE Price Index m/m
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Solo Trading in a Frenzied Market: Avoiding the Crowd TrapIn the world of trading, the crowd effect is a serious psychological obstacle that often causes traders to lose their way. This phenomenon, where traders make decisions based on the majority's actions rather than their own analysis, can result in impulsive buying or selling. As many traders point out, such decisions often end in financial losses.
📍 Understanding the Crowd Effect
The crowd effect is based on the tendency of people to obey the actions of the majority. In the trading arena, it can manifest itself when traders jump on the bandwagon and buy assets during an uptrend in the market or hastily sell them during a downtrend due to panic.
While trend trading may be logical - after all, if most people are buying, it may seem unwise to resist the flow - there is a delicate balance to be struck here. Joining a long-term uptrend can lead to buying assets at their peak. This is especially evident in cryptocurrency markets, where FOMO can cause prices to rise artificially, allowing an experienced market maker to capitalize on these moments by selling off assets at peak levels.
📍 The Dangers of the Crowd Effect for Traders
• Impulsive Decision-Making: Crowd-driven decisions are rarely based on careful analysis, increasing the risk of costly mistakes.
• Ignoring Personal Strategy: Traders often abandon their trading plans in the heat of mass panic or excitement, forgetting the essential disciplines that guide their decisions.
• Overestimating Risks: Following the herd can lead to overextended positions in the expectation of “guaranteed” profits, further increasing potential losses.
• Market Bubbles and Crashes: Collective crowd behavior can lead to market bubbles and sharp declines, negatively affecting all participants.
📍 Examples of the Crowd Effect
▸ Bull Market and FOMO: During a strong uptrend, new traders may be attracted by the sight of other people buying assets. They often join the frenzy at the peak of prices and then take losses when the market corrects.
▸ Bear Market and Panic Selling: During a downturn, fear can prompt traders to sell off massively, minimizing their ability to recoup losses in a recovering market.
▸ Social Media Influence: In today's digital age, the opinions of self-proclaimed market “gurus” can prompt uncritical investment decisions. Traders may buy trending assets without proper analysis, leading to losses when prices inevitably fall.
📍 Why Traders Give in to Crowd Influence
Several psychological factors underlie why traders may succumb to the crowd effect:
▪️ Fear of Being Wrong: Traders derive a sense of security by aligning with the majority, even when it contradicts their logic.
▪️ Desire for Social Approval: The inclination to conform can lead to decisions based on collective trends rather than independent analysis.
▪️ Emotional Traps: High volatility can spread feelings of euphoria or panic, swaying traders away from rational decision-making.
▪️ Cognitive Distortions: The phenomenon of groupthink reinforces the false belief that popular decisions are invariably correct.
▪️ Lack of Confidence: Inexperienced traders, particularly, may align themselves with the crowd out of insecurity in their own judgment.
📍 Steps to Mitigate the Crowd Effect
🔹 Develop a Clear Trading Strategy: Create and adhere to a trading plan that reflects your risk tolerance, and trust it even when market participants act differently.
🔹 Avoid Emotional Decision-Making: Base your trading on systematic analysis rather than fleeting market sentiment. Take a moment to pause and assess your emotions before making critical choices.
🔹 Limit External Influences: Steer clear of forums and social media during volatile periods; avoid following advice without verifiable research.
🔹 Employ Objective Analysis Tools: Lean on technical and fundamental analysis instead of crowd sentiment. Identify patterns and levels for entry and exit rather than moving with the trending tide.
🔹 Enhance Self-Confidence: Fortify your market knowledge and trading strategy to reduce reliance on crowd validation. Keep a trading journal to document your successes and the soundness of your decisions.
🔹 Manage Risks Wisely: Never invest more than you can afford to lose. Segment your capital to mitigate the impact of any sizable losses.
🔹 Assess Crowd Behavior: Use indicators, such as market sentiment and trading volume, to gauge the crowd's actions, but retain the independence of thought. Remember that crowds can often misjudge trend reversals.
📍 Conclusion
The crowd effect poses a serious threat to rational decision-making in trading. However, through disciplined strategies, thorough analysis, and effective emotion management, traders can minimize adverse impacts. Remember that successful trading is rooted in objectivity and independent judgment rather than blind conformity.
“The market favors traders who think independently instead of conforming to the crowd.”
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Chainlink LINK/USDT: SHORT, Bearish Divergence Detected.Leveraging our Adapted RSI w/ Regime Detection we can easily identify this bearish divergence alongside the weekly rsi signal suggesting Sell.
Whilst higher timeframe orderflow is still bullish upon retest of $22-$23 - I would keep a close eye on intraday order flow heading into early this week as we have important economic data, notably BOJ policy rates decision later in the week, which implies increased volatility and likely, manipulation.