SMCI: Bullish Momentum Building Amid Key Resistance?This chart shows the price action of Super Micro Computer (SMCI) stock on a 1-day timeframe. Below is a detailed interpretation based on the elements present in the chart:
---
1. Price Action:
Current Price: $34.04, up +1.08% for the day.
The price has been on a downward trend previously but has made a recent "Bullish" move, which is indicated by a rally from the lows.
Resistance Levels:
Around $41.90 and higher at $66.18 (major price zones with previous selling interest).
Support Levels:
Around $33.80 and below at $20 (historical areas where buyers showed interest).
The "Discount" zone highlighted at the lower price levels suggests value buying.
2. Moving Averages:
The orange line represents the 200-day Moving Average around $66.18, which acts as a long-term resistance.
The blue line (possibly the 50-day Moving Average) around $36.52 serves as a more immediate resistance level.
3. Volume Profile:
The Volume Profile (on the right) shows areas where significant trading occurred.
The high-volume nodes around $34.00 and $41.00 indicate key price levels with significant interest.
The low-volume zones above suggest that a breakout might face less resistance.
---
4. Indicators:
Relative Strength Index (RSI) - Middle Panel:
The RSI is currently showing a bullish move:
Yellow line: Trending upwards and currently near 46.82 (neutral territory).
A move above 50 signals strength; below 50 is weak.
The recent "Bull" signal suggests potential upward momentum.
MACD (Moving Average Convergence Divergence) - Bottom Panel:
The MACD line (blue) is above the signal line (orange), which is bullish.
Histogram bars: The green bars indicate positive momentum but are starting to flatten, suggesting a slight pause in upward movement.
---
Key Observations:
1. Short-Term Bias: Slightly bullish as the indicators (RSI and MACD) are showing momentum shifting upward.
2. Resistance Levels: Watch the $36.52 and $41.90 price zones for possible rejection.
3. Long-Term Resistance: The 200-day Moving Average around $66.18 will likely act as a strong resistance.
4. Volume Support: The price is currently supported around $34, and any drop below could lead to a revisit of the discount area below $30.
---
Conclusion:
The stock appears to be attempting a recovery after a strong downward trend. Bulls need to maintain the price above $34.00 and push through $36.52 for confirmation of a reversal. Watch for volume and momentum to confirm further upward moves, while downside risks remain if the price falls below $33.80.
Trend Lines
EconOptic| BTC's bullish move isn't done yet!KUCOIN:BTCUSDT
**Bitcoin Technical Analysis for Today in 4-Hour Timeframe**
Bitcoin is currently moving within an ascending channel in the 4-hour timeframe, forming higher highs and higher lows. Based on this trend, our goal is to align with the price's upward movement and open long positions. Given the market's high volatility, it is essential to set wider and more secure stop losses and enter trades only with strong triggers to minimize risks during potential price consolidations.
At present, the price is interacting with the midline support of the ascending channel. The decreasing volume of bearish candles and their shrinking size indicate a possible power shift from sellers to buyers in a short-term cycle. Additionally, this level coincides with Bitcoin's previous resistance, which has now turned into support, acting as a crucial barrier against further declines. This confluence with the channel's midline creates a Potential Reversal Zone (PRZ).
On the other hand, the RSI is moving along the lower Bollinger Band, which, in an uptrend, signals the exhaustion of selling pressure and the potential resurgence of buyers. This serves as further confirmation for seeking a reliable trigger to open a long position.
The entry trigger for a long position in this analysis is marked at the price level of **107,538** with a green line. Upon price stabilization above this level, you can proceed with a buy position. The stop loss placement depends on your risk tolerance and expectations:
- For a closer stop loss, you may place it around the white line and the midline of the channel.
- For a safer stop loss, set it below the red line at **99,422**, which coincides with the SMA 99 and provides an additional barrier to further price drops.
**Conclusion:**
Considering the confluence of support factors, reduced selling pressure, and technical indicators, Bitcoin appears poised to continue its upward trend. However, adhering to risk management principles and entering trades only with confirmed triggers is crucial to capitalize on this movement.
USDJPY → Consolidation of price in the sell zoneFX:USDJPY reaches a strong resistance at 153.87 within an uptrend. Will this direction continue, as the Fed rate meeting is ahead....
Fundamentally, today is a big day for the markets. At 19:00 GMT the Fed rate meeting, where with a 93% probability the decision to cut interest rates by 0.25% will be made, which will make the dollar less attractive, but for how long, given Trump's policy?
Accordingly, the dollar is in a consolidation phase, traders are waiting. If the dollar starts a downward correction, it will affect the currency pair accordingly. But I do not exclude that on the background of high volatility the price may form a retest of resistance and a false breakout.
Resistance levels: 154.95, 156.75
Support levels: 151.44, 159.69
At the moment, after the retest of 0.79 fibo and the key resistance at 153.877, the price is consolidating in the selling zone. The fundamental background may increase the pressure, which may lead to a fall.
Regards R. Linda!
EURAUD: Bullish Outlook ExplainedLast week, the 🔻EURAUD hit a significant rising trend line on the intraday chart.
Despite the market having been in a horizontal consolidation phase for a while, the contact with the trend line pushed the pair upward.
The market subsequently broke through and closed above the range's resistance.
I anticipate that the pair will continue to rise.
Targets: 1.6697 / 1.6763
EUR/USD: Poised for a Reversal?On November 23, FOREXCOM:EURUSD broke below the critical 1.05 support zone, reaching a low of 1.0336. However, the pair quickly reversed course and has since been trading in a range between 1.0450 and 1.06.
A closer look at the price action suggests the pair has established a strong floor and is awaiting a catalyst for an upward reversal.
That catalyst could very well come today, with the anticipated Federal Reserve rate cut and subsequent press conference. Given the accumulated market tension, an accelerated move to the upside seems likely.
Key Levels to Watch :
Support: Any dips below 1.05 should be viewed as buying opportunities, with the potential for a rebound.
Resistance: A target around 1.0750 appears realistic in the current context.
Invalidation Level: If the price falls back below 1.04, this bullish scenario would be negated.
USDCAD upside target 1.4560On the weekly chart, USDCAD maintains an upward trend, and bulls are strong. USDCAD may continue to rise. Currently, we can pay attention to the support around 1.4270. If it falls back and does not break, we can consider continuing to buy. The upward target is around 1.4560.
EurNzd could rise to 1.85On October 1st, EUR/NZD reached a local low at the psychological level of 1.75, followed by a reversal that lasted until November 1st, gaining nearly 1300 pips.
A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels.
December brought a breakout above the key 1.80 level, and since then, EUR/NZD has been in a nice uptrend.
As of now, the price is 1.8230, and it looks like a breakout above resistance is imminent.
In this scenario, the next target for the bulls is the 1.85 level.
Boyd Gaming Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Boyd Gaming Stock Quote
- Double Formation
* (Neckline) | Survey Valid | Subdivision 1
* 50.00 USD | A+ Set Up Area
- Triple Formation
* Retracement | 0.382)) | Subdivision 2
* Trend Line 1 & 2 | Configuration
* Daily Time Frame | 85.00 USD Trend Entry | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BXP Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# BXP Inc. Stock Quote
- Double Formation
* 52.60 USD | Uptrend Bias | Subdivision 1
* 012345 | Wave (1)) & (2)) | Extended Survey
- Triple Formation
* Retracement | 0.382)) | 0.236)) & 0)) | Subdivision 2
* 012345 | Wave (3)) | (4)) & (5)) | Subdivision 3
* (1) & (0.618) | Neutral Area
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
AUDUSD InsightHello, subscribers!
It's great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- U.S. retail sales for November, reported by the Department of Commerce, increased by 0.7%, surpassing market expectations.
- Strong retail sales indicate that the momentum of the U.S. economy is strengthening. While a rate hold is widely expected at the December FOMC meeting, the prevailing view is that rates will also remain on hold in January.
- With the Japanese yen weakening further against the dollar, some suggest that Japanese authorities might intervene in the currency markets.
I- n the U.K., wages rose by 5.2% year-over-year from August to October, exceeding expectations and driving the pound higher.
- In Canada, the November Consumer Price Index (CPI) rose by 1.9%, falling short of the market estimate of 2.0%, which weakened the Canadian dollar.
Key Economic Indicators
+ December 18: U.K. November CPI, Eurozone November CPI, FOMC meeting results
+ December 19: Bank of Japan rate decision, Bank of England rate decision
+ December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index
AUD/USD Chart Analysis
The AUD/USD pair has finally broken below the 0.63500 level. Based on the current chart, further declines toward the 0.62000 level seem likely. However, the direction could shift upward depending on the stance the Federal Reserve takes during this week’s FOMC meeting.
If unexpected factors lead to an upward move, I’ll quickly revise the strategy accordingly.
CYCLE 4 | RSI Monthly TrendA quick post to cover Bitcoins Cycles with respect to the Monthly RSI.
We can see based on the monthly close RSI values, a descending trend where each consecutive peak for consecutive bitcoins cycles have reduced in magnitude (i.e. a lower low RSI value coinciding with the trend reversal points. This trend is also evident with monthly RSI low values.
Using trend lines (based on historic BTC behavior in the past), we can speculate what would not be abnormal monthly RSI behavior for this cycles (Cycle 4) top and the future bear market low.
Have a play with the interactive tools in the post to observe details more clearly.
I have also detailed Cycle 1-3 length from the bottom to the top, bear markets (top to bottom), halving's and each cycles Fib extensions for your reference.
For greater detail, reference the below companion post to this discussion.
AirDAO (AMB) AnalysisAMB seem to be in a bearish spree. It had a parabolic (almost) 70% move up from 0.0085. Since then coin is retracing back to key levels:
- trendline from weekly at 0.009
- fib retracement level of 0.618 at around 0.00858
- 0.00858 is also a key support zone from weekly timeframe
I would expect a move up from 0.00858 and 0.009 zone
WHAT IS TRUE...Hello friends
This coin is placed in a channel.
Now, according to the rising market, we have two scenarios:
1_ To break the channel from here and go to register new ceilings.
2- You cannot succeed in a channel failure and buy in the lower range that we specified.
There is another mode, according to the rising market, if the channel succeeds in a valid failure, we should buy a pullback.
Be successful and profitable.
TAO USD breakdown confirmed. Bad days ahead for BittensorKey support line broken for TAO and onward movement has a lot of thin air from prior rapid price up movement. Good opportunity to short TAO. The only thing that could invalidate it would be big buy-in by whales. If that fails to happen, TAO is likely awaiting a big downward move for the foreseeable future
Gold in a sideways trendTo follow the previous developments, the price is currently in a sideways trading range or in the absence of a clear trend. Since the price is approaching strong support at the 2600 and 2606 levels that appear repeatedly, if the price continues to respect these levels, the construction of the sideways trend structure of the gold market can be confirmed, which means that the price will rise and fall within a specific range between the support level and the resistance level.
Given the developments on the chart, the price is expected to witness some decline towards the resistance level and the ascending trend line in the 3h, 2h and 1h time frame where there is a high probability of an upward movement aimed at restoring balance before preparing for a downward movement. For the long term, monitoring the price at the ascending trend line in the daily range (in further areas) is the appropriate solution for the gold market before determining the direction and making decisions. As a safe haven, the price may continue to rise in the long term if it cannot break the ascending trend line.
Johnson & Johnson | JNJ | Long at $146.00Johnson & Johnson NYSE:JNJ is strong (but highly controversial) company with anticipated earnings growth on the horizon. With a P/E of 23x, steady dividend growth record, low debt, and expected increased cashflow, the future is optimistic for NYSE:JNJ if they can stay out of the shady spotlight...
While the historical simple moving average I've selected suggests the stock is entering a downtrend on the daily chart, I'm going to go against this given the current price/position it is in. If the price can hold in $140's and then move up, there could be an early cup formation here. However, if the price drops below $140, that idea is out, and the near-term downtrend may be on. But the company, overall, is a personal buy-and-hold for the long-term ups and downs (unless new news points the company in a different direction). Thus, at $146.00, NYSE:JNJ is in a personal buy-zone.
Target #1 = $157.00
Target #2 = $165.00
Target #3 = $170.00+