5x on CIPHER - mining - I bought this last week Tri big move up Bullish case, its being bid and going up
Huge candle up move today I got in last week as BTC tri has caused the alts to form Asc Tria all over the place. Which implies BTC will move up and thus the BTC miners will move up strongly too.
If the height of the triangle is the target, then its a big move coming if not the full height of the triangle then its still a very good move.
Not investment advice only for educational purposes only
Triangle
PEPE 5 x this year already and chart says its going up some moreBullish case, stay in the crypto which is out performing BTC up 1 x versus PEPE up 4-5 x
year to date
Chart says it all,
How to make a better financial future for your family.
Lets get the info out there to help people make better life decisions.
For educational purposes only not advice
STX 3x from here in 3-4 months possibly ??? If histroy rhymesHere is the bullish case for STX crypto
The timing will be interesting to see if It can repeat the channel and deliver the 3 x by Nov 11 ish 2024
Is the crypto bull reasserting itself ?
Study the chart lots going on here
This is not investment advice only in theory for educational purposes
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT.
The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies.
The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario.
Since the price is in a range, we can consider 2 scenarios at this point:
1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target
2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up.
Support levels: 2407, 2401, 2392
Resistance levels: 2413, 2417, 2424
Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech....
Rate, share your opinion and questions, let's discuss what's going on with GOLD ;)
Regards R. Linda!
SMCI: The trigger for the next rally! (D&W charts)The SMCI chart presents a compelling case for bullish potential, highlighted by significant bullish patterns on both the daily and weekly timeframes. On the daily chart, SMCI is forming an ascending triangle, a bullish continuation pattern. This pattern is characterized by rising lows supported by an ascending trendline, while the price faces resistance at $972.44, which is its most important resistance level. The consistent formation of higher lows suggests increasing buying pressure. Recently, the price has closed near this resistance level, indicating a potential breakout. If the price successfully breaks and closes above $972.44, it would signal a strong bullish continuation. However, a fall below the ascending trendline could indicate a possible reversal or a phase of consolidation.
On the weekly chart, SMCI exhibits a pennant pattern, another bullish continuation signal that forms after a significant price move. This pattern is marked by a period of consolidation with decreasing volatility, bounded by converging trendlines. The price action is currently testing the upper boundary of this pennant, suggesting a potential breakout. A break above this pattern would confirm the continuation of the bullish trend, likely leading to a substantial price increase. Conversely, failure to break above the upper trendline and a drop below the lower boundary could indicate a more pronounced pullback or extended consolidation phase.
Overall, SMCI shows strong bullish tendencies supported by the ascending triangle on the daily chart and the pennant pattern on the weekly chart. Both patterns suggest further upward movement if key resistance levels are broken. Traders should monitor these levels closely for a confirmed breakout to validate the bullish outlook. Failure to break these resistance points might lead to short-term consolidation or pullbacks to support levels.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Long-term Triangle PatternNike is getting close to the apex of a 4-year triangle pattern (where price inevitably breaks one way or the other). For now, I'm just watching for a certain setup to potentially trade on. If it breaks down out of the triangle (which it is currently threatening), it may find support around the 200-mo. EMA, which would be a better price to start a position. That said, it could certainly find support here but there isn't much upside to the top of the pattern (unless it breaks out).
XRPUSD Finally producing a breakoutThe XRPUSD has produced a breakout to the up side on the weekly chart
This can initiate the long-expected rally in it's price
This can also align very well with the recent correction in the crypto market and the possible beginning of the next strong up swing in BTC
TSLA Ready to Rise
Tesla broke the 2 year downtrend and got support on this trend. It has a chance to double its price in 2-3 years. 240-260 is a very ideal range to enter.
Tesla's recent safety reports and the potential for a possible government deal after the elections (especially after recent events) paint a bright picture, at least in the medium term.
PeiPei(ETH) Can go Up at least +30%Today I want to analyze Memecoin for you, which looks very similar to BINANCE:PEPEUSDT Pepe's Memecoin , with the difference that it has a hat and is red in color. The name of this meme is GATEIO:PEIPEIUSDT PeiPei(ETH).
Looking at PeiPei(ETH)'s website , we realize that the website is really weak and has NO whitepaper like many memecoins. The number of PeiPei(ETH)'s followers on social media is very low .
According to the above explanation, please don't take too much risk and follow the capital management, and it doesn't seem that PeiPei(ETH) can be profitable in the long term, but we can get at least +30% profit from this token according to the analysis below .
PeiPei(ETH) has successfully broken the Resistance zone and is currently completing the pullback .
According to Elliott's wave theory , PeiPei(ETH) seems to be completing wave 4 .
I expect PeiPei(ETH) to rise(+30%) to the Potential Reversal Zone(PRZ) after the completion of wave 4 .
Note: If the PeiPei(ETH) forms a 4-hour candle below the resistance zone, the scenario will change and the probability of the PeiPei(ETH) falling is very high.
Note: An important point you should always remember is capital management and lack of greed.
PeiPei(ETH) Analyze (PEIPEIUSDT), 4-hour 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.
USDJPY → Interventions + CPI. The market doesn't believe it...FX:USDJPY is coming under bearish attack. Immediately after the US CPI release, the Japanese Central Bank intervened in the FX market to support the yen.
Fundamentally this was to be expected. Japan's central bank is not trying very hard to preserve its national currency. In order to invest minimal effort, policymakers took advantage of the US CPI report. The CPI + Interventions tandem led to a 2.7% decline in the currency pair. But, traders are starting to buy back some of the decline. Ahead of PPI, the news could both amplify the fall and smear all the efforts of the BoJ.
Technically, I don't think such actions will lead to anything global. The growth could continue. On W1 the nature of the market does not change, all interventions are gradually bought out and the currency pair will continue to update the highs.
Resistance levels: 159.6, 160.2, 160.5
Support levels: 157.7
It is possible to buy out and test the imbalance zone before the subsequent decline. A favorable background may be the PPI report, but after the market calms down, traders may return to JPY sell-offs, which may lead to the continuation of USDJPY growth.
Regards R. Linda!
EURAUD I Wait for breakout of descending triangle Welcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Potential bullish move coming up for Indian overseas bank Stock usually moves in a consolidation zone between 68 and 59. There is a strong demand zone at 56 as well. on the 1 hour chart a descending triangle has formed which could lead to a bearish move of 5% leading to price hitting the support at 59. A bullish move can be expected from here. Take profit is placed at the resistance and stop loss is placed a little below the demand zone as price might dip down to the demand zone and bounce as well. The 50 dema
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
GOLD → 2387 is key resistance, but ahead of CPI...FX:XAUUSD continues to maintain a bullish market structure, gradually pushing up to strong resistance with a breakout target. The US dollar is declining amid dovish US Fed assumptions....
All eyes remain on the US CPI report
Powell's caution on weakening labor market conditions suggested that a September rate cut is likely just around the corner, which once again brought down the US dollar along with US Treasury yields.
Softer US annual CPI data or a surprise decline in monthly inflation could confirm the September Fed rate cut and increase the chances of another rate cut in December. And vice versa...
Technically, buyers are pushing up to 2387. A break of resistance will open the way to 2400-2437. But, there could be a correction before that
Resistance levels: 2387
Support levels: 2378, 2370
Favorable news can strengthen the movement, in which case the resistance breakout is not to be missed. But, unexpected data may shake the market, the dollar may continue its strengthening phase and in this case gold will head towards 2350.
Rate, share your opinion and questions, let's discuss what's going on with gold ;)
Regards R. Linda!
EUR/USD could complete its triangle continuation pattern here
In July 2023, this pair could possibly complete its diagonal pattern of 5 waves.
Since then, it looks like this is a triangle pattern
If you look closely, each leg of this triangle conform to a fibonacci level almost perfectly
and last week could be a completed E wave of this triangle
Upside target in 1 year time frame should be one of these red lines
If the E wave is completed, price should not go lower than 1.067
If the price go lower than 1.059, this triangle will be invalidated.