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Trend Analysis

MOVEUSD 12/19/2024MOVEUSD 1HR Chart Analysis Overview: • Listing: Recently added to Coinbase last week. • Initial Trend: Price immediately entered a downtrend but found a floor by the end of the week. Pattern Formation: • After establishing a floor, the price moved sideways, forming an Accumulation Phase. • Breakout Confirmation: o Yesterday: A spike in volume led to a breakout from the sideways range, confirming the accumulation phase. o Today: Price remains above the resistance level it broke out from, pulling back to the 10-day EMA for support. o The MACD remains above its signal in bullish territory, indicating sustained bullish momentum. Trade Setup: • Entry: $0.7272 • Stop-Loss: $0.6530 (-10.20%) • Target: $1.0233 (+40.72%, 3.99 RR Ratio) Summary: MOVEUSD demonstrates strong bullish momentum after breaking out of its accumulation phase. The price's support at the 10-day EMA and the bullish MACD signal offer a favorable opportunity for a long trade setup.
COINBASE:MOVEUSDLong
by rudcharts
USDJPY InsightHello, Subscribers! Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The U.S. Conference Board’s Consumer Confidence Index for December dropped sharply by 8.1 points from the previous month to 104.7, marking its first decline in three months. - The decline is attributed to uncertainty surrounding policies from the Trump administration, which will begin on January 20, leading to weakened short-term consumer sentiment among Americans. - Dana Peterson, Chief Economist at the Conference Board, stated, "In December, consumers were significantly less optimistic about future business conditions and income. Following cautious optimism in October and November, pessimism has returned regarding future employment prospects." - The yield on the 10-year U.S. Treasury note rose to 4.5990%, its highest level since May, while the FedWatch tool reflects a 91.4% probability of a rate pause in January. Major Economic Events + December 25: Christmas + December 26: Boxing Day USD/JPY Chart Analysis After breaking past the 157 resistance level with ease, USD/JPY extended its gains to the 158 level. If it breaks through this zone, further upward momentum toward the 160–161 range is anticipated. Conversely, failure to breach the 158 resistance could lead to a pullback toward the 154 level. We will swiftly adjust our strategy if unexpected movements occur.
Long
by shawntime_academy
SEAMUSD 12/7/2024SEAMUSD Daily Chart Analysis This coin entered a significant downtrend between May and October 2024 but found bottom November 2024. • Trend Reversal: In early November 2024, the price found its floor and began moving sideways, forming a triple bottom reversal pattern. • Breakout Confirmation: At the start of December, the price broke out above the previous resistance on a spike in volume, confirming the reversal pattern and signaling the end of the accumulation phase. • Consolidation Phase: Post-breakout, the price moved sideways, forming a series of small doji candlesticks supported by the 10-day EMA. This indicates low volatility and a temporary pause in the trend. Technical Indicators: • MACD: Above its signal line and moving into bullish territory, suggesting building momentum. • Volume: Spiked during the breakout, validating the bullish move. • EMA Support: The 10-day EMA continues to act as a strong support level, reinforcing bullish sentiment. With BTC momentum at all-time highs and technical indicators aligning, SEAMUSD presents a strong bullish setup. Entering Trade Long: • Entry: 1.3665 • Stoploss: 1.1331 (-17.08%) • Target: 2.9878 (+118.65%, 6.95 RR ratio) SEAMUSD Summary SEAMUSD shows strong signs of a bullish reversal after a prolonged downtrend. Following a confirmed triple bottom pattern and a breakout with high volume, the price has entered a consolidation phase supported by the 10-day EMA. With the MACD in bullish territory and BTC at all-time highs, this setup offers a high-probability trade opportunity.
COINBASE:SEAMUSDLong
by rudcharts
1
Gold Price Today, December 24: Unexpected Reversal and DeclineHello everyone, Merry Christmas! Let's update the gold price for today: Gold is currently at $2,616 per ounce, down by $16 from the highest point of $2,629 per ounce during yesterday’s trading session. Gold is under pressure from the strengthening USD and rising U.S. bond yields, as investors await signals regarding the potential for U.S. interest rate cuts in 2025. In my view, the rate-cutting path may pause in January or March. At the moment, the USD Index has risen by 0.4%, reaching 108.08 points, which has reduced gold’s appeal. U.S. bond yields have also increased to 4.58%, attracting capital into bonds and decreasing the flow of funds into the gold market. As a result, the gold price continues to decline today. Looking at the technical chart, the EMA 89 has crossed below the EMA 34, indicating a clear downtrend. With resistance at $2,626, the price of gold has been pushed down to $2,610, and maintaining support at this level seems challenging. If there are no significant changes, the price is likely to break through the support and continue falling to the previous support level at $2,585. If this trend persists, gold could decline further and potentially break through the $2,585 support level.
OANDA:XAUUSD
by Alisa_Rokosz
DIMOUSD 12/6/2024DIMOUSD Daily Chart Analysis Market Context: With BTC continuing its bullish momentum and reaching new all-time highs, the altcoin market is presenting strong setups, and DIMOUSD is no exception. Price History: - Q1 2024: DIMOUSD reached a significant top. - March to July 2024: Entered a sharp downtrend, leading to a steep decline in price. - July 2024 Onward: Price found a bottom and moved sideways, signaling a potential accumulation phase. Recent Price Action: - End of November 2024: - A massive spike in volume and expansion in momentum was observed. - The MACD crossed above its signal, confirming a bullish shift. - Price briefly broke above resistance but fell back below it, resulting in a false breakout. - The price decline from the false breakout was caught and supported by the 10 EMA, which is now holding as strong support at the resistance level. Momentum Indicators: - The MACD remains in bullish territory and is expanding upward, suggesting continued strength. - The 10 EMA acting as a support level at resistance highlights the likelihood of a potential breakout. Bullish Outlook: - The confluence of BTC’s market strength, increased volume, MACD expansion, and price support at the 10 EMA sets the stage for a potentially explosive upside move. Trade Setup (Long) - Entry: 0.23880 - Stop Loss: 0.20060 (-16.00%) - Target: 0.59126 (+147.60%, 9.23 RR ratio) This trade takes advantage of the strong technical indicators and bullish macro sentiment, aiming to capture a high-risk, high-reward opportunity in DIMOUSD
COINBASE:DIMOUSDLong
by rudcharts
Nvidia (NVDA) Consolidation Continues Below Trend LineChart Analysis: NVIDIA stock remains in a broader uptrend, with price action bouncing off a rising trendline (black) while consolidating within a descending channel (green zone). 1️⃣ Rising Trendline: The trendline, established from early 2024 lows, continues to act as dynamic support, with the price rebounding from this level. 2️⃣ Descending Channel: Recent price action is contained within a descending channel, reflecting short-term consolidation within the broader uptrend. A breakout above the channel could signal a continuation of the primary trend. 3️⃣ Moving Averages: 50-day SMA (blue): Positioned at 139.70, just above the current price, potentially acting as immediate resistance. 200-day SMA (red): Positioned at 116.64, confirming the long-term bullish structure. 4️⃣ Momentum Indicators: RSI: At 52.29, reflecting neutral momentum and suggesting room for further upside if a breakout occurs. MACD: Below zero, indicating lingering bearish pressure, though flattening momentum suggests the potential for a shift. What to Watch: A breakout above the descending channel and the 50-day SMA could confirm a resumption of the uptrend, with resistance near 150–155. A failure to hold the rising trendline could shift attention to the 200-day SMA near 116.64 for potential support. NVIDIA remains in a bullish framework despite short-term consolidation, with key levels providing a roadmap for the next directional move. -MW
NASDAQ:NVDA
by FOREXcom
HONEYUSD 12/3/2024HONEYUSD Daily Chart Analysis HONEYUSD has presented a strong bullish setup, aligning with the broader momentum seen in alt-coins as BTC trends higher. Key Observations 1. Downtrend and Accumulation: - From March to June 2024, HONEYUSD experienced a sharp downtrend, with significant price depreciation. - From July to November 2024, price moved sideways in an accumulation phase, suggesting buyers were stepping in at these levels. 2. Breakout Confirmation: - At the start of December, price broke out of the accumulation range. - This breakout was accompanied by: - A spike in volume, confirming strong participation. - The MACD crossing its signal line, indicating a shift in momentum to the upside. -Price has now closed 3 consecutive days above the breakout level, further validating the move and signaling the start of a potential uptrend. Trade Details - Position: Long - Entry: 0.0924 - Stop Loss: 0.0814 (11.90% risk) - Initial Target: 0.1801 (94.91% potential return) - Risk-to-Reward Ratio: 7.97 Summary HONEYUSD shows a compelling bullish breakout backed by strong technical indicators and volume confirmation. The setup offers a highly favorable risk-to-reward ratio, making it an attractive long trade opportunity. Monitoring BTC's momentum remains essential, as it could influence the broader market sentiment.
COINBASE:HONEYUSDLong
by rudcharts
SILVER Sellers In Panic! BUY! My dear friends, My technical analysis for SILVER is below: The market is trading on 29.498 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable SILVER continuation. Target - 30.247 Recommended Stop Loss - 29.150 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. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
Intuitive Surgical (ISRG) LongIntuitive Surgical Inc. (ISRG), is the pioneer behind the revolutionary da Vinci Surgical Systems, is transforming the landscape of minimally invasive surgery. With its cutting-edge robotic platforms, ISRG enables precision, efficiency, and enhanced patient outcomes, making it a leader in the medical technology sector. From a market performance perspective, ISRG has delivered impressive returns, demonstrating strong investor confidence. The stock has appreciated **55.45% Year-to-Date, 28.04% in the last 3 months, and a solid 10.94% in the past month. These figures reflect the company's robust financial health, innovation-driven growth, and favorable market sentiment, positioning ISRG as a standout performer in the healthcare sector. Trade Idea: ISRG appears to have completed a corrective ABC wave as the stock bounces off a strong demand zone (~$506–$522).And the stock is likely transitioning into a new impulsive Elliot wave sequence (Wave 1). Trade Setup: Entry: Near $522 (confirmation of demand zone holding). Stop Loss: Below the DZ @ $500.55 (a break invalidates the bullish setup). Take Profit Levels: (Profit Areas projected from the previous Elliott wave): TP1: $579 (~10% gain). TP2: $616 (~18% gain). TP3: $658 (~25% gain). Remmember, “The trend is your friend until it bends at the end.” – Ed Seykota ________________________________________ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk of loss. Always perform your own analysis and consult a financial advisor before making trading decisions.
NASDAQ:ISRGLong
by MESHANL
WLD Trade Idea | 4:1 RR | Bullish Crab Pattern + Fib Support 🔍 Trade Analysis: This setup leverages a Bullish Crab Pattern identified on the 4H timeframe, showing confluence with a strong support zone. Additionally, on the daily timeframe, WLD is holding above the 0.786 Fibonacci retracement level, reinforcing the bullish bias. 📊 Trade Parameters: - Entry: CMP at 2.192 - Stop-Loss: 1.94 (below key support) - Target Price (TP): 3.16 - Risk-to-Reward Ratio (RR): 4:1 ⚠️ Important Note: As we approach the holiday season, market volume might remain low, increasing the likelihood of choppy price action or unexpected volatility. Consider reducing position sizes and managing risk effectively. --- Disclaimer: This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risks and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Trade responsibly, especially during periods of low market activity like the holiday season.
Long
by karmatseringhyolmo
nifty view for 24/12/24Daily Time Frame Price is moving around 200 MA and price might take support from here 20 EMA is moving below 50 EMA and RSI is bearish Hourly Time Frame 20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance RSI is bearish MACD is in bull's favor 15 min Time Frame 50 EMA can act resistance RSI is also bearish ONLY MACD in bull's favor overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
NSE:NIFTYShort
by SaurabhSinghRana
BTC/USDT Long PositionThis analysis highlights a long position opportunity for BTC/USDT. The chart shows a clear breakout from the descending trendline (blue line), which typically indicates a shift to bullish momentum. Increasing trading volume supports the validity of this breakout. Key Levels: Entry Point: Around $96,150, where the breakout is confirmed. Stop Loss: $93,390, set below the local support to minimize risk. First Target (TP1): $99,033, aligning with the next resistance level. Second Target (TP2): $102,297, coinciding with the upper trendline and a significant historical resistance level. Analysis: Bullish Breakout: The descending blue trendline has been broken, signaling a potential shift from bearish to bullish momentum. Volume Confirmation: The breakout is accompanied by increased trading volume, indicating market participation in this move. Risk-Reward Ratio: The trade offers an attractive risk-to-reward ratio, particularly with the higher target at $102,297. This setup assumes continued bullish momentum, but traders should closely monitor Bitcoin’s price action and manage risk accordingly. Ensure proper position sizing and watch for any rejection signals near resistance levels.
Long
by mohammad_crypt1372