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IRIS/USDT: Breakout Potential Alert🚀 IRIS/USDT: Breakout Potential Alert! 🔥 IRIS/USDT is showing signs of an upcoming breakout that could lead to a strong upward move. This setup is creating excitement as traders watch for a potential rally in the coming days. Here’s a detailed look at what to keep in mind to maximize your breakout trading strategy: Breakout trading tips 💡 1. Confirm the breakout: A true breakout happens when price pushes above the resistance level with solid momentum. Look for a strong candle close above this level, backed by increasing volume. This indicates that buyers are committed and less likely to reverse. Avoid jumping in on weak moves, as “fake-outs” can trap traders who enter too early 📊 2. Watch for retests: Breakouts often come with a “retest” where the price dips back to test the old resistance level as support. This is a crucial area to watch, as successful retests can confirm the strength of the breakout. This can also offer a better entry point with reduced risk, allowing you to take advantage of the trend without chasing the price 🔄 3. Set smart stop-losses: Protecting your capital is key. For breakout trades, placing a stop-loss slightly below the breakout level or retest point is a smart way to limit losses in case the breakout fails. A well-placed stop helps you stay in control even if the move doesn’t hold up 🛡️ 4. Track market sentiment: Breakouts are often influenced by the overall market environment. Keep an eye on Bitcoin and other major cryptocurrencies, as sentiment shifts in these can impact smaller assets like IRIS. Strong bullish or bearish trends in the market can either boost or stall breakout momentum, so always stay aware of the bigger picture 🌐 5. Set realistic targets: Map out potential resistance levels above the breakout point. These can act as targets for your trade. Taking partial profits at these levels allows you to lock in gains while leaving some position open if the trend continues 📈 Trade with caution and keep these tips in mind to make the most of IRIS/USDT’s potential move. This isn’t financial advice—always DYOR! 🧐
Long
by Crypto-By-Ghazi
Gold prices continue to rise steadilyGold prices continue to rise within the parallel channel on the 1D chart, currently trading around 2785 USD. The precious metal has now reached its highest level in trading history; however, in terms of trend analysis, gold has approached the channel limit and may undergo a correction as it establishes a new high and tests the 34 EMA. We will prioritize a selling strategy as long as the price channel remains intact. Conversely, we will continue buying if the metal breaks out. Happy trading, and may your profits be plentiful!
OANDA:XAUUSD
by Pierce_Bowers
SPY 600+?According to Elliot Wave Theory, Chart Patterns, and Analysis of the option chains, SPY could potentially reach 600+ before long. Looking at Elliot Wave Theory: Currently price is in Wave #4. In EW, Wave #4 characteristics are opposite of Wave #2. Wave #2 in this cycle was short, so expect price to take a little longer to breakout, which brings us to the next observation: Chart Patterns: Price is starting to form an expanding descending wedge (or megaphone), a variation of a flag. Generally in these formations, price is volatile and the formation can hold in tact for a decent length of time. That being said, it’s the perfect scenario for a long Wave #4. When price touches the bottom trendline for the third time, look to go long a month out. Option Chain: January Contracts - neutral. November Contracts - bearish (just a hedge for tech earnings) In the options chain, a neutral or balanced chain means the market is bullish. When an inordinate amount of puts are bought, it generally means institutions are hedging their portfolios when markets turn volatile. (Earnings will definitely do that) Recap: Looking to go long once this formation breaks upwards for the afore mentioned reasons. If something changes, I’ll update this. (We can’t be married to our opinions) Ride Wave #5 with me.
AMEX:SPYLong
by DIVERMAN_L
1
Elliott Wave View: Tesla (TSLA) Pullback Should Find BuyersTesla (TSLA) broke above the previous peak on 7.11.2024 high at 271 and thus opens a bullish sequence from 4.22.2024 low. Short Term Elliott Wave in Tesla suggests the rally from 8.5.2024 low is in progress as a 5 waves diagonal. Up from 8.5.2024 low, wave ((i)) ended at 264.86. Pullback in wave ((ii)) ended at 212.12 with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave (a) ended at 237.81 and rally in wave (b) ended at 252.80. Wave (c) lower unfolded as 5 waves like the 1 hour chart below shows. Wave (c) lower ended at 212.12 and this completed wave ((ii)) in higher degree. The stock has resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 239.56 and pullback in wave (ii) ended at 235.36. Wave (iii) higher ended at 262.12 and pullback in wave (iv) ended at 253.25. Final leg wave (v) ended at 273.54 which completed wave ((iii)) in higher degree. Pullback in wave ((iv)) is in progress as a double three. Down from wave ((iii)), wave (w) ended at 255.51 and wave (x) ended at 263.35. Expect wave (y) lower to complete at the 100% – 161.8% Fibonacci extension of wave (w). This area comes at 234.5 – 245.5 where buyers can appear for more upside. As far as pivot at 212.12 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:TSLA
by Elliottwave-Forecast
Possible qhale loading zone??Added a fat stack. Watched some good volume come in and was part of it. Also watched a video on FB showing that for $60 currently you can buy what took them months to mine. If this thing is ready to POP we will know soon. Mining rewards are diminishing and the price is a normal Alt coin bear market low. I think we see new highsand not too long away. These type of plays are my favorite. Has more utility than DOGE(whales are dumping currently IMO) ever has had. NOTHING I EVER SAY IS FINANCIAL ADVICE!!!
COINBASE:MOBILEUSD
by Polarbearman
2
Gold bullish analysisGold hit 2790 for the second time, forming a double top pattern on the hourly chart. However, the price closed above 2780. Before the trend is completely changed, the callback is still dominated by low-to-long positions. Let's look at the oscillation range of 2770/2800 during the day. There is basically no room for gold bears. The decline is to continue to give more opportunities. Gold bulls are unstoppable and full of momentum. Gold fluctuated upward yesterday, and gold continued to accumulate momentum at a high level. Gold still bottomed out and rebounded yesterday despite the small non-agricultural negative news. Gold bulls held on to the 2770 line and continued to rise. Gold fell back to 2780 in the Asian session and continued to buy on dips. Gold continued to fluctuate at a high level in 1 hour, and the gold 1-hour moving average continued to diverge upward with a golden cross. The gold moving average support moved up to around 2770. Gold also stepped back to the support near 2770 several times in the US session yesterday and then bottomed out and rebounded. Gold continued to buy on dips after stepping back to 2780 in the Asian session. Accumulating momentum at a high level, gold is likely to hit the 2800 line. First support: 2780, second support: 2768, third support: 2755 First resistance: 2794, second resistance: 2805, third resistance: 2813 Trading strategy: According to the resistance support, sell high and buy low in the range of 2770~2800
OANDA:XAUUSDLong
by Jun-goldFX
Gold prices continue to explode, confirming new record levelsCurrently, gold prices have risen slightly to around $2,777.88 per ounce, marking a 0.12% increase from yesterday. This upward trend is primarily fueled by heightened demand for safe-haven assets as geopolitical tensions and inflationary pressures continue to influence the market. Additionally, investments in gold-backed ETFs and growing demand in regions like the Middle East have provided further support for the metal’s price. Furthermore, while U.S. bond yields remain high—typically a competing factor for gold—investors continue to lean toward gold as a safety net, which has helped sustain its recent gains. Looking forward, gold prices may see further increases if global economic uncertainties and geopolitical risks intensify, bolstering the demand for safe-haven assets. Conversely, should the market stabilize and the U.S. dollar maintain strength, gold could experience a mild pullback in the short term, though this is not likely to be a significant concern.
OANDA:XAUUSD
by Pierce_Bowers
3
EUR/USD: Bullish Momentum Breaks Resistance, What’s Next?The EUR/USD has been moving upward for the fourth consecutive day, with a clear uptrend forming on the chart. Currently trading around 1.082, the pair has broken out of its previous downward channel, signaling a bullish shift. Additionally, the 34 EMA has successfully crossed above, reinforcing short-term bullish sentiment and encouraging investors to buy into the pair. However, a bit more caution is advised before making long-term buys. The EUR/USD remains within a triangle pattern, suggesting it may need to retest the breakout level before fully confirming a sustained uptrend. What’s your take? Should we go for a buy or sell today and in the days to come?
Long
by Pierce_Bowers
GLP1 shortage overHIMS is a major player in the compounded semaglutide space. It spent hundreds of millions to promote their offering in the weight loss space, making use of the shortage in Ozempic and other GLP1s in recent months. The company's offerings include semaglutide-based injections, marketed as containing the same active ingredient as popular brands like Ozempic and Wegovy, along with other weight loss options. But there is now a big problem, the FDA has just announced the shortages are over. What does this mean for HIMS? Only time will tell but I don’t think this rally can go on a whole lot longer. Whilst we have a lovely rounded bottom pattern I suspect some downwards pressure on the stock so I’m leaning short to mid term bearish, unless the upcoming earnings deliver blockbuster numbers and my idea will be invalidated. The valuation is too stretched and I don’t think this news will justify the extreme optimism in this high growth stock. So I suspect a drop into the gap fill soon. Not financial advice, do what’s best for you.
NYSE:HIMSShort
by NoFOMO_