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Is it time to buy PEPE?Hello, Traders! After reaching a new ATH last month, PEPE price has dropped by over 40% and continues to decline. This significant pullback might present a good buying opportunity for those who missed the train during the previous pump. Currently, PEPE is trading around $0.000016 and could drop even lower if Bitcoin continues its downward trajectory. The token is hovering in a key support area, and a failure to hold these levels could lead to a further decline towards $0.000014. This would mark a 50% retracement from its recent ATH, potentially shaking out weak hands before the next move. It’s important to note that PEPE, like all other altcoins, is heavily influenced by Bitcoin performance. Without BTC recovery or stabilization, a strong uptrend in PEPE is unlikely to materialize in the near term. For now, the best approach in mid term might be employing DCA strategy. This allows for accumulating positions at lower prices while mitigating the risks associated with trying to time the market. However, as always, managing risk is crucial in such volatile environments. A confirmed bounce could offer a solid entry point for traders, while a breakdown would warrant caution and potentially wait for lower levels before re-entering. Please don’t forget to boost this idea and leave your comments below.
by Real_CryptoRoy
GOLD short We are currently at a point of Bearish Change of character Forming for Gold and at the top of the ascending Channel for this Move. Gold has made a move outside of the Larger symmetric Triangle ( See current Gold idea on profile ) but This was not accompanied by strong volume nor has it been decisive. Gold will Move down towards its 100SMA confluencing with the Bottom of the Price channel, which will allow us to Accumulate Gold at cheaper prices as we have been doing for a long time for the coming move to 3200. But currently Gold faces a short term correction Which we will take advantage of
OANDA:XAUUSDShort
by EliteMarketAnalysis
4
S&P 500 Analysis: Key Levels and Impact of CPI Release, To down! S&P 500 Analysis The price has dropped, breaking the trend line and stabilizing below the support zone. As long as the price remains below 5783 this week, it is expected to target 5734 and 5693. If a 4-hour candle closes below 5693, the price could continue to drop toward 5643. On the other hand, a daily candle closing above 5805 would signal a bullish move toward 5863. Note: This week, the CPI release is anticipated to have a significant impact on market movements. Key Levels Pivot Point: 5781 Resistance Levels: 5822, 5863, 5893 Support Levels: 5734, 5693, 5643 Trend Outlook Bearish Trend: Below 5783 Bullish Trend: Above 5805 (daily close required)
OANDA:SPX500USDShort
by SroshMayi
Idea for ZetaChainHello, fellow traders! This is my analysis on ZetaChain. 1️⃣ Analysis There is a lot to cover for ZetaChain, 1. The uptrend channel (marked with white lines in the chart) has been broken below on Dec 18th. This potentially meant that the price may reverse its trend into bearish. 2. We then see a bearish pennant (marked with red lines) – breaking below the pennant would further increase the likelihood of a downtrend. And we see a breakthrough on the 9th. 3. Even better, we see an attempt to reenter the pennant on 10th with upper wick touching the pennant but fails as the price continues its decline the next day. We now see three consecutive bearish candles including today. In an hourly chart, we see another Rising Wedge pattern. The price broke below on Jan 12th, 01:00 ET. There were two attempts of recovery after the breakthrough – both failing. 2️⃣ When did I enter? This post is going to be different from my previous posts as I’ve already entered trading for ZetaChain – I’ve entered short and here is how and when I did so. I’ve closely watched the hourly chart of Bitcoin as the market tends to follow its movements. I’ve observed Bitcoin’s hourly candle breaking below the consolidation box, waited for the next candle to touch the box again to confirm the rebound. The next candle indeed touched the box but eventually closed as red, which is exactly what I wanted to see. (Check the chart below!) This is when I entered short for ZetaChain, entry price being 0.499. The price of ZetaChain is 0.4855 as I write. I suggest splitting your entries by checking smaller intraday timeframes such as 5min, since entering a massive size at once could be risky. Above is the 5min chart and you will see the yellow dotted resistance line I drew – this line helped me figure out where to order new entries. If we are trading long, we would draw support lines. 5min chart is very volatile and major trendlines will have to be adjusted frequently. Also, check the Bitcoin chart regularly to expect the price movements. 3️⃣ Target price Our target price would be 0.4222, which is right above the Heavy Support Zone. If the price reaches the target price, we will close half of our position and watch the market further. But always remember that the target price is often an idealized figure - it typically represents the absolute maximum profit we hope to achieve from a trade. I've learned that the price may never reach this ideal target, and I shouldn't wait for it. 4️⃣ Considerations There are a LOT to consider for this trade – not only ZetaChain, but the crypto market in general. CPI Inflation rate for December is being released this Wednesday. The current forecast of the Core Inflation rate YoY is 3.3% - unchanged from the previous one. The inflation rate forecast is 2.8%, 0.1% higher. If the forecast is accurate, as it usually tends to be, the market could face positive sentiment. The positive trend might continue until 20th, when Donald Trump enters his office as POTUS. (Check the chart below.) However, the Fed announced last December that there would be fewer rate cuts this year and with the inflation rate still being higher than the Fed’s 2% target, the Fed might decide not to cut the rate this month. This could hurt the market. The interest rate decision will be held on the 29th. 44.26 million tokens are also being unlocked on Feb 1st. Token unlocks can often negatively impact the price of the crypto. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) 1 Chronicles 29:14
Short
by QJEEE
Rites BO after accumulationThe stock is showing a breakout (Bo) after accumulating at support levels. This presents a favorable risk-reward ratio (R:R) for trading, especially with a small stop loss (SL). Volumes are also shooting 'up. It's worth noting that there’s a trendline that has been respected for a long time. Breakout should be with a strong candle (TF as we used in chart); then the entry will be after the consecutive candle which should be breaching the breakout candle. Do your own research before investing
NSE:RITESLong
by ShivNetha
Kalyan Jewellers H&S BOThe stock is exhibiting a potential Head and Shoulders (H&S) breakout after a significant rally from 130 to 800. However, there is a risk of a false breakout for distribution purposes, so it's important to proceed with caution. small supply can be seen at 880 levels. A strong breakout would be more reliable if supported by good trading volumes. Additionally, a stop loss (SL) can be set at the low of the shoulder, with a strong daily candle close below 710 indicating a possible reversal. Always remember to do your own research before making any investment decisions.
NSE:KALYANKJILLong
by ShivNetha
POSSIBLE SELL STRUCTUTRE ON GBPCHFGBPCHF is on its all time low on monthly time frame .it is flying up with style making a series of highs and lows on smaller time frames .It has made the second touch of bullish trend on weekly time frame. It is bearish on daily time frame, approaching the third touch of the weekly time frame bull trend. Sitting on a daily support to make a retest of a previous broken zone to continue the sell until the final support con the weekly bull trend. peace!
Short
by KRIZZ_FOREX
BANKNIFTYNSE:BANKNIFTY CURRENTLY DOESNT LOOK GOOD TO INVEST, LONG TERM TRENDLINE BROKEN. ONE SHOULD WAIT FOR FURTHER SUPPORT ON WEEKLY BASIS. LOOKS TOUGH SHORT TERM AND MID TERM !!!!!!! Note : 1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and their notifications on your email. Support and Like incase the idea works for you.
NSE:BANKNIFTYShort
by CreativeCreature
Bearish trend on BTCHello everyone, BINANCE:BTCUSD In my opinion, Bitcoin has entered a bearish trend. Considering its numerous touches on the support level I’ve drawn in the $91,000 to $92,000 range, there’s a strong possibility that this level may break, leading to lower price levels. Additionally, Bitcoin dominance has increased, indicating capital outflows from altcoins, which could suggest that the market is moving toward lower price levels. It might be a good idea to close our long positions and gradually start opening short positions, especially in altcoins, after getting confirmation from the market. What is your idea?
Short
by soroushrj1384
Usdcad bearish entry level🌟 USDCAD Analysis 🌟 I shared this last before it got to the entry. We've seen a strong uptrend in #usdcad for a while now, but what's next? 📈 ✔️ Double high formation ✔️ A nice bearish engulfing pattern breaking out of the trend Now there is a retest on the trendline, and then it's time to buckle up for a bearish loooong ride! 🔥 Let's see how it plays out and if the bears can take control! 🐻 Note: This base on technical factors Two very high impact news this week, PPI and CPI
Short
by Goodnessawe
GOLD → Paranormal growth on the back of strong NFP...FX:XAUUSD is rising with the dollar and strong NFP data. Those who shouted that the metal is ceasing to play the safe haven function are very much mistaken :) The surprise of rising NFP data and rising gold, which is not specific in this context, surprised the market quite a lot. After all, rising data points to a more hawkish stance of the Fed and generally medium-term policy in the US. But based on the environment, we can say that gold is rising because of the risks of the policy of Trump, whose inauguration will be held on January 20. Now all eyes are on the US Inflation data. The upcoming week, will be quite interesting. Technically: GOLD is breaking the consolidation resistance (symmetrical triangle) and is trying to consolidate above this boundary. Most likely, the struggle will continue and the price may test the previously broken figure boundary or liquidity zone 2675 - 2664, which will determine the further development of events. Resistance levels: 2698, 2721, 2750 Support levels: 2675, 2665 The situation is quite unstable, as there are too many factors putting pressure on the prices. Accordingly: if after the retest the bulls are able to keep the price above 2680-2690, the growth may continue in the mid-term ( till January 20 approximately ). But! If the bullish structure will be broken and bears will start to keep the price below 2680, it can provoke correction to 2665, 2650. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
12