S&P500: Recovery mode activated. Next stop 6,200.S&P500 turned neutral on its 1D technical outlook (RSI = 54.702, MACD = 16.670, ADX = 24.717) as it rebounded near the 1D MA100, which happened to be just under the bottom of the long term Channel Up and has recovered more than 50% of last week's correction. In the meantime, the 1D RSI is making a bullish reversal idential to the last two bottoms. The two prior bullish waves of the Channel Up topped on the 1.786 Fibonacci extension. That is our target (TP = 6,200).
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Trend Analysis
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
BUY OPPORTUNITYInstrument: ADA/USD
Entry Price: $0.941
Stop Loss (SL): $0.831
Take Profit (TP): $1.178
Risk-Reward Ratio: 1:2
Technical Analysis:
50 EMA Support: As price approaches the 50 Exponential Moving Average (EMA), it is expected to act as support. This suggests that ADA/USD may find support and bounce higher from this level, leading towards your TP.
Strong Supply Zone at $1.206: The price is below a significant supply zone around $1.206, which could act as resistance. This means there is a higher chance of ADA reaching your TP of $1.178 before encountering further resistance.
Fundamental Analysis:
Positive Address Profitability:
60.9% of ADA addresses are in profit (2.68 million addresses).
34.95% of addresses are in losses (1.54 million addresses).
This indicates a predominantly positive market sentiment, with the majority of addresses currently seeing gains, which could indicate bullish momentum for ADA in the near term.
ADA's 70% Drop from ATH: Despite the price being down by about 70% from its all-time high, the profitability of ADA addresses remains strong. This signals that investors holding ADA may continue to support the price at current levels, further reinforcing the bullish bias in the short term.
BNB analysis:bearish movement ahead?We can see that BNB has started a bearish channel recently which hasn't been broken yet! so if we observe closely and take a look at RSI we can find out It's gonna stay in the channel for now, cause there is a possibility of a Bearish cross between RSI & RSI MA Which means the Bearish trend shall continue for now.
you can see that BNB reacted as expected in the past few times to RSI so we can be sure of the next movement.
EURUSD SELL NOW
EURUSD (Euro vs. US Dollar) - 2H Chart Analysis
The EURUSD pair has shown a strong recovery from its recent lows, forming a higher low pattern around the 1.038 support area. A corrective ascending channel previously dominated, but a breakout followed by a pullback to the critical support zone suggests a shift in momentum.
Currently, the price is approaching a key resistance zone near 1.046. A rejection here could lead to a deeper retracement targeting 1.04180 and further down to 1.03819, aligning with Fibonacci and historical support levels.
Alternatively, sustained momentum above 1.046 could invalidate the bearish scenario and lead to a continuation toward 1.05. Traders should watch for confirmation candles and volume increases to define the next directional move.
Plan: Stay vigilant for sell signals near resistance or strong breakout confirmations above key levels.
GBPCAD trading siggnals⚡️GBPCAD is following wave 5 of the Elliot wave pattern.
⚡️The breakout from the boundary zone when there was a strong candle closing through the 1.80600 zone and the price traded above the 2 EMAs confirmed that the buyers won the market.
⚡️Expect the peak of wave 5 to end around 1.815 which is our TP 2 zone.
Potential bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 2,627.88
Why we like it:
There is a pullback resistance level.
Stop loss: 2,655.19
Why we like it:
There is a pullback resistance level.
Take profit: 2,585.75
Why we like it:
There is a pullback sup [port level.
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Trade Details for MEW/USDT (1-Hour Timeframe)Trade Details for MEW/USDT (1-Hour Timeframe)
Entry Price: $0.006969
Stop Loss: $0.006893
Target Price: $0.007201
Risk-Reward Calculation:
Risk: $0.000076
Reward: $0.000232
Risk-Reward Ratio: 1:3.05
This setup offers a favorable risk-reward ratio, with a potential reward more than three times the risk.
Bitcoin (BTC): Re-Testing Local Resistance ($100K)Bitcoin is re-testing a local resistance that has been tested multiple times and broken one time as well, where we formed a smaller fakeout zone.
Now that price has had a proper correctional movement, taking out a lot of liquidity on the market, price is testing once again the $100,000 zone, which means we might see some sharp and major moves happening very soon (considering the fact that year is about to end and we are near the major zone).
We have 3 ways to go from here; which one do you think we will be heading towards?
Plan A: Straight Break of Resistance / Re-Test of ATH
Plan B: Re-Test of 200EMA / Break of Resistance / Re-Test of ATH
Plan C: Sellers Take Over And Push Price Back Below 200EMA
Swallow Team
ETH/USD 2H AnalysisOur Preferance
The price is trading below the resistance level, forming a descending structure with multiple rejection points. A strong support zone has been identified near $3,095. Potential short setup with SL above $3,589 and TP1 at $3,343, TP2 at the support area. Watch for a bearish breakout confirmation,
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
Please do not forget the like button, Share it with your friends thanks, and Trade safe
Cowusdt trading opportunityCowusdt is displaying indications of a potential three-drive formation, with the designated target zone identified as the area for selling off. It is crucial to closely monitor the price action upon reaching this level. We invite you to share your perspectives on this coin, and kindly consider leaving your likes to show support.
USD/JPY calm as BoJ Core CPI risesThe Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing.
The yen is having a dreadful time as it continues to lose ground against the strong US dollar. Since Oct. 1, the yen has plunged 9.5% and the yen's woes could force the Bank of Japan to intervene on the currency markets in order to prop up the ailing currency.
The BoJ Core CPI index, which is closely watched by the central bank, rose to 1.7% y/y in November, up from 1.5% in October and above the market estimate or 1.5%. This release follows last week's national headline inflation release, which jumped to 2.9% in November from 2.3% in October. This was the highest level since October 2023. The gain was driven by sharp increases in food and electricity prices. Notably, core CPI, which excludes food, rose from 2.6% to 2.7% and core-core CPI, which excludes food and energy, climbed from 2.3% to 2.4%.
Any way you cut it, inflation is moving higher and that has raised expectations that the Bank of Japan will raise rates in early 2025. The BoJ held rates at last week's meeting and BOJ Governor Ueda said that since underlying inflation was only increasing "at a moderate pace", the BoJ could take its time in raising rates. However, with inflation rising and the yen pushing closer to the 160 level, the BoJ could respond with a rate hike as early as January.
The BoJ is also concerned with the incoming Trump administration, which has pledged to slap tariffs on US trading partners. Bank policy makers will be nervously watching if Trump moves ahead with tariffs or is his bark worse than his bite. The BoJ meets next on Jan.24, a day after Trump is sworn into office.
There is resistance at 157.51 and 157.86
156.93 and 156.58 are the next support levels
BTC GOING UP OR DOWN? 74 OR 124?"Sometimes a person doesn't know whether to laugh or cry about their situation and the future events.
Being optimistic is good, and pessimism is full of trouble...
In this analysis, on the weekly time frame, Bitcoin is on a trendline, but the MACD and Ichimoku indicators suggest a decline, and the candles are still holding strong on the trendline.
Although everything seems uncertain and strange, we must wait...
Nevertheless, I am still confident and interested in Bitcoin being bullish, but if a bit more Bitcoin is sold, it will definitely drop. If it is not sold, the catastrophe will be avoided, negative divergence and oversold conditions will occur, and the upward movement will begin.
The data still shows that Bitcoin is being accumulated... The UAE, companies like MicroStrategy, El Salvador, and other countries and financial institutions are accumulating, but small retail investors are selling.
So, we wait for the next developments.
Target: $74,000 or $124,000."
NAS 100 LONG UPDATEBrief video update on position being held for the week, price is showing signs of a further break out and push to the upside to fill the imbalance created during the flash sale we experience the week prior.
buys still look strong until proven otherwise; keeping in mind we could possibly reject this level to grab more liquidity short term to get the volume needed to create the break out.
BITCOIN in a LIVERMORE FunnelThe accumulation and distribution volume matches the positive and negative money flows of the first 5 waves in a Jesse Livermore stock cylinder.
Will wave 6 see a rush of positive money flow into #Bitcoin into the end of the year?
Let's see
If it does
then that will further cement this pattern of accumulation , sideways movement then breakout with continuation of buying power into the Bull market top.
Let's observe this in real time shall we?
Should be a fun few months ahead of us after a long period of churn.
S/O to @arvine11 for bringing up the Livermore stock trend analysis.