SHIB/USDT Chart Analysis #Shiba Inu ( CRYPTOCAP:SHIB ) / USDT Technical Analysis
Shiba Inu (#SHIB) is currently trading at 0.00002186, showing signs of strength as it holds above a key uptrend line. The price has strong support near the Fibonacci 0.618 level, which could act as a base for a bullish rebound toward higher targets.
Key Levels:
Support Zone: 0.00002139 - 0.00001939 (Fibonacci 0.618 - 0.786 levels).
Target 1 (T1): 0.00002715 (Initial goal).
Target 2 (T2): 0.00003083 (Intermediate resistance).
Target 3 (T3): 0.00003511 (Major resistance).
Wave Analysis
BTCUSDT Long - Short SqueezeFunding rate at its lows. I am expecting a short squeeze from the marked area. I'm bearish overall and will short around the marked levels (from 103k) based on the ETF inflows / outflows. Time / speed above 100k will tell which level will have the biggest chance of being the top.
PLTR volatility ahead! more volatility ahead as market digests decreased Fed funds rate cuts in 2025.
buy target at 90$ AFTER we fill the gap on 15min chart near 71.2-71.5 level imo..
looking to trade this setup via 80$ strike call option contracts for 1/10/25 & 1/17/25 expiration dates
after 90$ is reached, still anticipating additional volatility back down to 65-68$ range one final time before Inauguration Day. After that, I think this turns strongly bullish once again and runs above 100$
BTC DOMINANCE (4H) UpdateThis analysis is an update of the analysis you see in the "Related publications" section
From the point where we placed the red arrow on the chart, Bitcoin dominance correction has started.
After completing wave A, the price entered wave B.
Wave B appears to be a diametric, and we are currently in wave f of this diametric.
It seems that one wave g of this diametric remains, which could extend until December 31, 2024. From January 1, 2025, this index may experience a decline. This date aligns with when Trump takes office, bringing various plans for the crypto market.
If a weekly candle closes below the green zone, this scenario will be invalidated, and Bitcoin dominance will likely experience a more significant drop.
For now, this is our perspective on Bitcoin dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
DAY 4 - Daily BTC UpdateContinuing my 7 Days of CRYPTOCAP:BTC - Day 4
There are a couple of different moves for BTC, as follows:
🎁 1st Pattern: Christmas Present on the Way!
This pattern hints at a potential holiday rally—Bitcoin might be wrapping up a bullish gift for us just in time for Christmas. Keep an eye on the levels forming as the market prepares for a festive push!
(Must hold the low)
🌱 2nd Pattern: Kicking Off the New Year Green!
Should pattern 1 break down - The New Year could start on a bullish note! This pattern shows Bitcoin gearing up for a strong January, potentially setting the tone for 2025. Stay tuned—this could be the start of something exciting!
📊 Fear & Greed Index:
Dipped to 55, cooling off and setting the stage for the next big move. Historically, this range signals a prime setup for a bull market. Sentiment is resetting, and the crypto crowd is getting ready to charge.
When you step away and think you have a moment to celebrate, Bitcoin may have other plans.
Keep a close watch on these setups—volatility loves the holiday season. 🚀🚀🚀
SALIK (DFM) Wave 5 in playSALIK has undergone a significant correction of 18%, marking the conclusion of wave 4. There is now potential for wave 5 to commence, following a bounce from the Daily Demand Zone (DZ).
The 1.68 Fibonacci level indicates a target price of approximately 7.8, suggesting a potential increase of around 60%.
This could be a good opportunity to enter the market or add to your position
Oil Poised for Further Decline in December 2024Oil Poised for Further Decline in December 2024
On December 13, 2024, oil reached a new peak for the month, but since then, it has been on a downward trend.
Given the ongoing geopolitical instability, oil prices are experiencing a bearish wave with many fluctuations.
While trading in this manner is riskier, oil continues to make lower lows, suggesting a potential decline to the 70-71 range soon.
You can find more details in the chart!
Thank you!
Hellena | SPX500 (4H): Short to support area 5718 (Wave C).Dear colleagues, I believe that the downward movement will continue within the correction (A B C). I expect wave “C” to start moving very soon.
I think that the nearest target is the area of 5718 level, because there is a strong support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
MOASS: WC: 29.82 Target: 1800-2400 MOASS: 47k-100KTLDR:
Santa Baby!
Price is going to rally starting next week
Wave 5 of a larger degree wave 1 will complete by year end/1st week in Jan
Retracement will be last chance to get price at these levels
Price is fractal and is rhyming in structure
Happy Holidays!
XRPUSD The next target is 5 USD.We make another update on Ripple XRP for our column “Talented Mr. Ripple”. Well, XRP took the designated targets, and not just took 1 and 2 USD, but rather firmly holds 2USD. I think it is preparing fuel and strength for the next hike up to 5 USD. See all thoughts and reasoning in the video. Enjoy watching!
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Daily Analysis of Ethereum – Issue 236The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
GOLD Will Fall! Short!
Take a look at our analysis for GOLD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,618.93.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 2,576.56 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
XVG Looks bearish (4H)From where we entered "Start" on the chart, XVG correction seems to have started. This correction seems to be a diametric. By maintaining the red area, it can move towards the green box.
The low risk range for sell/short positions is the red box.
Closing a daily candle above the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BTC vs USDT.D - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I always keep an eye on USDT.D to gauge the overall sentiment of the crypto market.
📚 Today, I want to demonstrate the correlation between BTC and USDT.D:
- A couple of weeks ago, BTC was rejected at the $108,000 zone, while USDT.D bounced off the 3.6% support.
- BTC is currently hovering around the lower bound of its rising wedge, while USDT.D is approaching the upper bound of its falling wedge.
- As long as BTC doesn't close a full day below the blue trendline and USDT.D doesn't close a full day above the upper red trendline, this phase can be considered a correction.
- Conversely, if both trendlines are breached, expect a momentum shift, potentially leading to a deeper bearish movement in the crypto market.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0394
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0463
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
S&P500 - The Next 14 Days Will Decide Everything!S&P500 ( TVC:SPX ) is about to break all resistance:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks, the S&P500 has been repeating the major breakout rally of 2021. Back then the S&P500 actually broke above the channel resistance and immediately rallied more than +15%. If we see the confirmed breakout, we will likely see the same thing happening again.
Levels to watch: $6.000, $7.000
Keep your long term vision,
Philip (BasicTrading)