$ADA to $9 thoughts?I know it’s Cardano and we have lots of long holders here!
So glad for you all getting the returns after long time of down sideways action!
What do you think on this ML script? It’s pretty predictive and the MacD amongst other indicators are showing that Cardano might be one of the TOP preforming Alt coins this run.
Why? Well it’s very well established. It’s also not even far from use by governments like XRP. However Cardano is much more set in stone as for its framework. Yes it can be forked or changed if needed but Cardano is a very stable under utilised cryptocurrency.
I would love to see it at or over $5 let along $9 USD.
Please NOTE: this is not advice nor are any numbers here correct they are projections based on my own trading as that’s what crypto trading is is managing your own funds and portfolio and buying selling swapping when you want on the market not call a broker for it.
Always do your own analysis!
Leave a good comment so we can learn and grow from the info we have in front of us and make gains on the crypto market!
Volatile
Nightly $SPY Prediction for 10.31.2024🔮
⏰7:30am
Challenger Job Cuts y/y
⏰8:30am
Core PCE Price Index m/m
Employment Cost Index q/q
Unemployment Claims
Personal Income m/m
Personal Spending m/m
⏰9:45am
Chicago PMI
⏰10:30am
Natural Gas Storage
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Nightly $SPY Prediction for 10.31.2024🔮
⏰7:30am
Challenger Job Cuts y/y
⏰8:30am
Core PCE Price Index m/m
Employment Cost Index q/q
Unemployment Claims
Personal Income m/m
Personal Spending m/m
⏰9:45am
Chicago PMI
⏰10:30am
Natural Gas Storage
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Buyback Watch for Swing TradingEarnings are over so buybacks are back in the mix. The market is likely to continue to be volatile and choppy until all the ETF investors who want to sell have done so. Then, the uptrend is likely to resume because there are not enough barometers warning of a recession AND we just had one 3 years ago.
Buybacks tend to drive price up, so they are a good swing and momentum trading strategy. Notice how neatly the support from previous highs halted the run down. Reversal points at strong support levels are one area to watch for buyback patterns.
$CRYPTO:PEELUSD long (based on SMC)CRYPTO:PEELUSD (Peel) is a cryptocurrency renowned for its high volatility, presenting both significant risks and lucrative opportunities for investors. The coin's volatility is central to its appeal, attracting traders looking to capitalize on price fluctuations. The investment strategy behind Peel/USD is grounded in the Smart Money Concept (SMC), a methodology that seeks to exploit market inefficiencies and capitalize on shifts in supply and demand dynamics.
At the time of entry, Peel/USD is positioned at 0.01240, leveraging the demand zone identified within the daily timeframe. This strategic entry point is crucial, as it aligns with the principles of SMC, aiming to enter the market at opportune moments to maximize profit potential.
The primary profit-taking strategy involves setting a target price (TP) at 0.03642, representing a substantial upside potential from the entry point. However, it's imperative to adopt a staggered approach to profit-taking, securing gains at intervals leading up to the full TP. This mitigates risk and ensures that profits are locked in along the way, safeguarding against sudden market reversals.
Given the inherent volatility of Peel/USD, implementing a manual stop-loss (SL) strategy is advisable. While a predefined SL based on a 3% loss can be considered, it's crucial to acknowledge the heightened likelihood of SL triggers due to the coin's erratic price movements. Traders must exercise caution and monitor market conditions closely to adjust SL levels accordingly, minimizing potential losses while maximizing profit potential within this dynamic trading environment.
Review and plan for 29th February 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Expecting volatility this week and nextAMC is currently testing the macro resistance for the 4th time.
The stock is currently getting pinched between the Bollinger Bands.
RSI is oversold on all timeframes.
In 2021, AMC started making moves after MLK day.
Hell of a lot of options expiring on Friday.
Impossible to say if it will be a bullish or bearish move considering everything we've seen with this stock. If it does reject this macro resistance again, AMC is hitting 0$ at the end of the month/start of Feb.
(White dotted lines are just historical support and resistances I'm keeping an eye on)
Gone are the days of passive investing, but...Gone are the days of passive investing, but mid-term trading could be the solution.
The term passive investing was first made famous by Warren Buffet, who once said, 'If I like a stock, I will hold it forever.' However, in recent years, he has been seen cutting losses on his wrong decisions and taking profits when he finds the time is right. The dynamic of the markets have changed, and he has adapted to them.
Technical Reasons -
From the chart, it's clear that the days of passive investing are behind us. We can refer to the Dow Jones or S&P Index; they provide similar readings as Nasdaq, although Nasdaq has a shorter history.
Since the beginning of 2022, the great volatility started with a year of bearishness. In my opinion, this could be a start of a long-term bear. What we are seeing in 2023 rally, possibly a bear retracement.
Let’s support my analysis with the fundamental factors.
3 Fundamental Reasons –
• Why did the decades of long-term growth, forming a linear bull market, come to an end at the beginning of 2022?
This is because it marks the beginning of long-term inflationary pressure that we all have to contend with. To counter inflation, one of the most effective measures is to raise interest rates. As we all know, higher interest rates bring challenges to businesses and stock markets.
Please take note of the timing. Inflation first exceeded 2% in April 2021, and since then, it has been on an upward trend, something unprecedented in the last 40 years. However, the Federal Reserve only began raising interest rates in March 2022, while the markets peaked at the beginning of 2022.
Consumer Price Index
Feb 21 1.68%
Mar 21 2.66%
Apr 21 4.15%
May 21 4.94%
Jun 21 5.34%
Jul 21 5.27%
Aug 21 5.21%
Sep 21 5.39%
Oct 21 6.24%
Nov 21 6.83%
Dec 21 7.10%
Jan 22 7.53%
Feb 22 7.91%
Mar 22 8.56%
Apr 22 8.22%
May 22 8.52%
Jun 22 9.00%
• Why did the market turn bullish in 2023.
Many attribute the rally to AI, but it goes beyond that. By the end of 2022, the market was still hovering around its lowest point. However, as seen in the inflation numbers below, there was a gradual decline from 9% in June 2022 to 6.5% in December 2022, creating a divergence between this positive news and the market's performance. At that point, I was preparing for a bear rebound or retracement. Of course, the inflation number continued its decline to 3.2% in October 2023, and the rally has continued until now.
Continue Price Index
Jun 22 9.00%
Jul 22 8.50%
Aug 22 8.30%
Sep 22 8.20%
Oct 22 7.70%
Nov 22 7.10%
Dec 22 6.50%
• Why have the days of passive investing come to an end?
Unless inflation can back down to 2% in a sustained manner, we should expect to see much more volatile markets in many years to come. Traders welcome volatility but not investors.
There are reasons why back down to 2% in a sustained manner is unlikely to happen. Please leave me a comment, I hope to exchanges ideas with you.
E-mini Nasdaq Futures and Options:
Minimum fluctuation
0.25 index points = $5.00
Code: NQ
Micro E-mini Nasdaq and Options:
Minimum fluctuation
0.25 index points = $0.50
Code: MNQ
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Gold Xau/Usd Reaches Fair Value.Gold Xau/Usd Reaches Fair Value.
The ExodusTradingDesk has spotted fair price that we believe will produce a potential buy opportunity for the precious metal.
We will buy the pair should we have a firm 30min candle close above the identified price zone at 1971 with our profit target to 1982.
A possible sell scenario will be a 30min candle close below the identified "Critical Zone" below the critical level we believe will be a key " supply zone".
Use adequate risk management if you are to execute a trade with this analyses.
Enjoy and happy trading! #We are the #ExodusTradingDesk.
VIX is back to the pre-2020 market crash levelsIn early June 2023, we noted that VIX reached levels that preceded the 2022 market meltdown. After that, the index continued lower and advanced toward levels unseen since January 2020 (levels that preceded the 2020 market crash). The current low value of VIX reflects extremely high complacency in the market and the growing dismissal of any economic downturn on the horizon. With many people already thinking that recession is averted and the market is poised to continue only up, we wonder whether the time for contrarian play is slowly approaching us. As a result, we will monitor the market very closely and look for signs that will prompt us to action. We will update our thoughts on the subject with the emergence of new significant developments.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Silver will move! Are you ready?Good morning fellow traders
With recent bank failures, precious metals have a strong backing in demand, therefore looking for a long swing position makes more than just sense. As Gold is pushing for its 3rd weekly advance, silver has been consolidating firmly around 22 USD. We saw some rejections, one happening yesterday with the rate hikes being priced in by the ECB, yet we still are holding the consolidation. This gives me confirmation that 1. we have resistance at 22 and 2. with pretty erratic bounce-offs, Silver has been recovering every time. Therefore I will be looking for an entry on Silver today, hopefully positioning myself for a Swingg trade on the white metal.
Please join me on my trade! Here is my game plan:
- Gold needs to trade in the same direction as Silver (I am already long Gold)
- Silver needs a clear break above 22 but not pushing up further than 20.30
- We should get a clear move here, yet it should not be a big move
- Silver needs to bounce off 22.2 area and retreat to 22
- 22 needs to be held, not much slippage under 22 allowed
- Entry upon reclaim of 22
- Target1: 22.60
- Target2: 23
- Stoploss: 21.6 area
Smooth execution on this trade could allow you to find an entry swing position that could allow you to get great profits. Be sure that you understand the idea before executing, if you have any questions, please do not hesitate to leave a comment or text me directly.
Make sure to leave a follow and like if you enjoy my content!
Have a good one legends!
Best
CH
OIL STILL TO REDUCE PRICE TO LAST YEAR'S LOWWhy this?
Price is approaching a high resistance zone and might surpass February's high, then move to the yearly highs of 82.50 giving a false bullish move and then sell more.
We can also spot the continuation pattern that shows price agreement tothe downside.
Where am I expecting price to sell to?
Well the lows of 2022 which is 70.00.
Please do share, and give a follow to support.
EYES ON DIGITAL GOLD.Here is a very nice insight by which I agreed with my WZRD friend. I share it if you guys have some insight and get something from it.
Eyes on Bitcoin:
Today marks a whale wash out, with panic comes volatility and long wicks.
We need clarity and bias, for which the market will give with upcoming price action.
As of now, we can see Bitcoin still remains ranging in its Intraday, within a channel. A breakout either side will lead to a trade as the intraday chart shows.
⚠️ What’s more important right now is the daily chart, which is trading as slightly bearish from a WZRD Resistance acting as a range high. A bearish rejection will result in a pullback as the Red Dotted WZRD Projection shows, towards $18,000 which would be totally healthy.
🔑 A special focus should be on S&P, which is rejecting its year long + trendline that I gave you before it had even formed. It is still maintaining this trendline, and the WZRD Support at 3915 would need to hold for bulls to gather more strength to break, if it loses 3915, Bitcoin will have the fuel for $18,000 📝
SHAK: Short-Term Pain + Long-Term Gain I think it makes sense to enter a long-term bullish position in SHAK if/when we hit the support level of 30.30.
This level has acted as a reliable support point four times in SHAK's history as a public company. Each time prices have reached the 30.30 level, bulls came in to prevent further losses in share price.
This time may be different ((we may see some price action below the 30.30 level) SHAK is an extremely volatile stock)). Even with this possibility, I still believe buying and holding at or around this key support area seems like a smart move for a longer-term trade or as a buy and hold.
This is not financial advice. Good luck!
Bitcoin is preparing to hit new lows. Time to sell!The price updated the local highs, thereby collecting liquidity on the asset and turning down. Could not gain a foothold above the volume level of POC, which speaks of the strength of sellers. We are pressing up to the lower limit of the trade. I expect a breakdown down. Goal - 16255$
A breakthrough is already underway. Time to open a sell positionThe price after a strong fall went for correction. For a long time it was traded in the sideways. The market is extremely negative. Volumes are reduced. Once again approached the level of 33.28 $. I expect a breakout and a movement below. The first goal is a local minimum of $ 32.66
NIFTY ENERGY, FALL OF 13%this fall could take a bit more time, then drawn on chart, but from chart we could clearly see that nifty energy is overvalued.
in all time frame, the rsi currently is at 60, the average, or the mostly rsi being in the chart is around 50. although, it has been falling, and yet following a triangle pattern. there could be a downside, fall.
the dark black line is the trend, which is drawn from 2004''s trend till its ATH.
the trend should be followed by the indices. adani stocs could fall, they have made the index to go a lot upside, in the short term, there could be a lot volatility, and in coming months, the index may falling by 13%.
reliance is somewhat discount(weightage- 35% in nifty energy),
NTPC also fall in a good amount.
in 5 year time frame, rsi is also showing a good trangle pattern. if any breach on downside of support, will result in start of bear market, for nifty energy.
i am saying volatile because
reliance is discounted, NTPC, could go up by 5-7% then fall, and adani stocks are rarely unpredictable, so this may cause the index to move up-down, causing volatility, but in longer term, it looks overvalued, and will fall about 13%.
For BTC, trading volumes increase locally. Get ready to buy15m TF. For BTC, trading volumes increase locally, the limit buyer pushes the price to update the highs. A cascade of local highs has been formed, beyond which there is liquidity. I am waiting for the formation of trading and impulse exit to the long in order to withdraw liquidity behind the level.
Increased volumes. Good entry point The tool is in the leaders of growth, on increased volumes formed a resistance level with two touches on a round number, I expect a small trade, an increase in activity in the glass and an impulse exit to the long with the withdrawal of liquidity behind the level, I recommend going into the analysis of a large density at the level. Goal 88.88$