Gamestop: May Vs Now UpdateI THINK the ABC wave has completed to match the May chart and we go up from here.
Trend Analysis
SMCI (complete reboot)Just initiated my first long entry, as this stock has completely wiped out it's parabolic run as anticipated, if this level is broken i am looking to add at 18$ then at 10$, for a long term holding position.
$ETH Is This the Perfect Entry Point or a Trap?BINANCE:ETHUSDT.P
On the chart we can see that the correction I mentioned earlier is underway.
The price is now at the Fibonacci level, which could be the reversal point of this movement.
Also, the price may go a little lower to gain more volume at the support level.
After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop.
Entry data:
Entry: 2580
SL: 2468
TP: 2952
Fetch: Low set!We now view Fetch in the same-colored wave 3, which should lead it above the $1.73 resistance. With the Target Zone deactivated, investors could move stop-losses closer to the entry price. Stops could protect against our alternative scenario (33% likely), which implies a lower low of green wave alt.2.
ETHEREUM Sideways action until proven otherwiseThe trading idea behind it is simple. Ethereum will not move anywhere until it breaks out of this range. Until then, there is no reason to trade. The coin is consolidating and patience is the key here.
$WIFLower high for $WIF. Target: 1.8-1.5. It's more possible if CRYPTOCAP:BTC would go back to 66k or lower.
*Not Financial Advice
#BTC pullback started?📊#BTC pullback started?
🧠 We finally broke out of the multiple resistance zone and started to fall back. From a structural point of view, the short structure was established. The first stage support zone is around 70500-70800. The ideal target zone of the short structure overlaps with the neckline support zone, so this will be regarded as the heaviest support zone. If you want to participate in long trades, you can consider doing it here.
➡️Yesterday, although we were in multiple resistance zones, I found a small cycle buying opportunity, so I tried to participate in some long trades. Finally, I set a break-even after locking in the main profit. Now even if it falls, I will not lose money. I made a small profit. Congratulations. 🍻
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BINANCE:BTCUSDT.P
NZDUSD in a Clear Bearish TrendNZDUSD in a Clear Bearish Trend
NZD/USD is moving inside a "Descending Channel" in a well-defined bearish trend.
The market's focus has been on the US election results, with the anticipated Trump victory supporting USD strength throughout the month.
Now that the election period is winding down, market activity is slowing.
However, as long as the price continues to respect this pattern, there is a chance for further downside in the short term, as shown on the 60-minute chart.
You may find more details in the chart!
Thank you and Good Luck!
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GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk
On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone.
Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk.
However, the market needs to correct periodically before gold can rise further.
The first support is near 2770, and the second, stronger support is around 2760.
This second area is a strong support zone from where gold may bounce up again.
You may find more details in the chart!
Thank you and Good Luck!
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ATOM | ALTCOINS to BUY | Good Coin, GREAT UPSIDE PotentialATOM is as of today NR 51 by market cap, meaning it's more likely to move independently from BTC. The higher coins by market cap, especially the top10, move more in correlation. I've done an extensive post on this HERE 👇:
Other Altcoins I have high hopes for in the NEAR term can be found here:
NOW is the ideal time to buy alts that are NOT trading in correlation with BTC, as they will be trading fairly low and can be bought at good entry prices. The worst thing is to try and catch a moving train , in other words trying to jump in at the top. Rather plan your trades and plan your entries - this way, you will minimize risk and maximize potential returns.
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COINBASE:ATOMUSD BINANCE:ATOMUSDT
Short-term analysisIf the price breaks out of the flag pattern, it has the potential to reach the resistance of 1096
BTC SHORT 2HR TP:70700 30-10-2024I have conducted an analysis on a 2-hour timeframe, setting a target price of 70,700. This movement is expected to fulfill within 30 hours. Stay alert for potential market manipulations that could impact the progress of this trade. Remember to manage your risk appropriately. Good luck, everyone! #Trading #Bitcoin
Gold Roadmap==>>Short term!!!The recent CB Consumer Confidence and JOLTS Job Openings reports are both pivotal indexes for gold’s market reaction. A lower-than-expected JOLTS report , indicating fewer job openings, suggests possible economic slowing, which tends to support higher gold prices as investors look for safe-haven assets. On the other hand, if the Consumer Confidence Index shows strength, it can signal economic resilience, potentially reducing demand for gold as risk-on assets may become more attractive.
Gold ( OANDA:XAUUSD ) moved as I expected in ✅ yesterday's post ✅.
Gold is moving near the Potential Reversal Zone(PRZ) .
According to the theory of Elliot waves , it seems that we should wait for wave 4 of Gold in the 15-minute time frame .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,761-$2,756) and the Uptrend line .
⚠️Note: If Gold goes over PRZ, we have to wait for $2,800(at least)⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Dow Jones temporary price reductionIn the continuation of the long-term rise of the Dow Jones, after the price correction and the temporary decrease in the price of each share, we can expect an increase in the price along with an increase in liquidity.
Sasha Charkhchian
USDCAD / LONG / M15USDCAD may rise from the Bullish Order Block
Bullish Order Block: 1.39140 and 1.39082
USDCAD is positioned near the bullish order block, and the price has already touched this zone, suggesting potential for an upward movement. Using SMC for analysis, this setup shows high probability for profit. Let’s observe how the price reacts from this level!
USDCAD / LONG / M15
Lot :- 0.2
Entry Price :- 1.39144
Take Profit :- 1.39326
Stop Loss :- 1.38961
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
EUR/USD: Euro Gains Amid German Growth, Weak US GDPOn Wednesday, the Euro extended its rally, driven by positive economic data from Germany and the dampening effect of a weaker-than-expected US GDP figure. Germany’s Gross Domestic Product (GDP) recorded a modest 0.2% growth, indicating resilience in Europe’s largest economy. Furthermore, annual inflation in Germany, measured by the Consumer Price Index (CPI), showed a significant rise, moving up to 2% in October’s preliminary estimate from 1.6% in September. This uptick in inflation adds to the bullish sentiment surrounding the Euro, as it hints at economic stability and a possible need for continued monetary tightening in the Eurozone.
From a technical analysis perspective, the Euro remains in a profitable position from our identified demand area, where a reversal pattern was noted. The DXY (US Dollar Index) continues to retrace, suggesting potential weakening of the USD, while the COT (Commitments of Traders) report further supports our bullish Euro outlook. Given the ongoing trend, a negative reading in today’s US Unemployment Claims report could provide additional momentum for the Euro’s upward trajectory, potentially solidifying the current trend in favor of the Euro.
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EURAUD SELL PROJECTIONAfter a smooth rally upward, E URAUD is primed to reverse from 1.6581 , which was our original target from the previous buy setup. This level now serves as unmitigated supply from weeks prior and aligns with the 161.8% Fib extension of the current rally.
We’re planning to sell from 1.6581 down to 1.6250 , a key demand level within the broader bullish trend. Our stop-loss will be kept moderate at 1.6625, providing a solid 1:8 risk-to-reward ratio.
Stay tuned here for more setups and projections!
Will Solana Break or Bounce?The price of SOL (Solana) has dropped from around $183.38 to around $173 today, showing a downward trend in the H1 timeframe.
However, it's important to note that SOL has not broken below the critical support zone of $173.51 to $172.66. Instead, it's been moving sideways on this zone.
We'll be keeping an eye on this situation. If SOL breaks below the $173.51-$172.66 support zone, that could signal a further decline in price. On the other hand, if the price bounces back from this zone, it could indicate a potential continuation of the upward trend.
EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction
At the start of the new week, all JPY pairs increased significantly.
The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years.
Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy.
Technical Analysis:
On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07.
So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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GBPNZD: More Growth is Coming?! 🇬🇧🇳🇿
GBPNZD has a perfect potential to continue growing
after a violation of a resistance line of a consolidation range on a daily.
Next resistance is 2.187
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XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports.
The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals.
Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level.
From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered.
Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
MCL Long 10/30/2024MCL is in a SW + uptrend because price closed above 4hr MA. Taking a long position in DZ below MA. Taking half risk because zone has been tested. Chances of less unfilled orders. We have 2 zones overlapping. I chose the lower one because of SW trend. Risk= $90. Target= 1:1 and 3:1.
