Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower as market volatility increased due to tariff concerns. Although the index dropped below the 240-day moving average, it formed a lower wick, indicating an attempt to establish a short-term bottom. On continuous futures, the 240-day MA is slightly below 20,000, meaning that the 20,100–20,000 zone is a key support area where a technical rebound is likely following the recent sharp decline. If the market falls into this zone, it could present a swing buying opportunity. Since the daily MACD and signal line are dropping steeply, a sideways consolidation period may be necessary to reduce their angle and separation before further directional movement.
Given that the Nasdaq rebounded strongly after forming a lower wick yesterday, a pullback in pre-market trading could provide a buy-the-dip opportunity. Additionally, potential bullish catalysts include today’s ADP Non-Farm Employment data and Friday’s Non-Farm Payroll report.
On the 240-minute chart, the index is forming a bullish divergence and attempting a golden cross, reinforcing the buy-the-dip strategy at current levels. Therefore, chasing shorts is not advisable, as the Nasdaq has entered a more attractive buying zone. A range-trading approach remains effective, with a preference for buying near support.
Crude Oil
Crude oil closed lower, finding support near previous demand zones. Despite the continued downtrend, the $66–67 range remains a strong support area, making it a potential rebound zone for technical buyers. However, on the daily chart, the MACD and signal line are sloping downward sharply, meaning that selling pressure could intensify further. Long positions should be initiated as close to the lower support zone as possible.
On the 240-minute chart, the MACD has formed another bearish crossover, confirming strong selling momentum. However, when compared to the previous MACD level near $68.50, price has declined further, but the MACD has not dropped as low, suggesting a potential bullish divergence. Since this zone has historically acted as strong support, a buy-the-dip strategy remains preferable, but traders should remain cautious of today’s Crude Oil Inventory report, which could lead to increased volatility.
Gold
Gold closed higher, successfully rebounding from support. Yesterday, gold reached the previously projected target of 2,925, aligning with the 240-day moving average characteristics.
If gold continues higher, the 2,940 level will act as resistance, as this is a previous supply zone on the daily chart. Therefore, further upside should be monitored carefully before making new decisions. Since the daily MACD and signal line remain widely separated, this is not an ideal condition for chasing long positions. Even if gold extends its rally, a pullback is likely, making buying dips a safer approach.
On the 240-minute chart, the MACD formed a golden cross, leading to a sharp rally. As expected, price reached the 60-day MA following the 240-day MA bounce. However, while the MACD has moved above zero, the signal line is still below zero, meaning that another corrective phase could occur before further upside. Additionally, there is a possibility that gold could revisit the 2,850 support zone to form a double-bottom structure, making buying dips a better strategy than chasing breakouts. Overall, a range-trading strategy—buying low and selling high—remains effective, and today’s ADP Non-Farm Employment data could introduce market volatility.
As market conditions shift, risk management remains crucial. Stay disciplined, adapt to volatility, and trade with confidence. Wishing you a successful trading day! 🚀
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Beyond Technical Analysis
BTC/USDT 15M Chart🔹 Asset: Bitcoin (BTC/USDT Perpetual Contract)
🔹 Timeframe: 15-Minutes
🔹 Exchange: Binance
📊 Market Overview:
Bitcoin has shown a strong bullish impulse after breaking key structure levels, confirming a shift in momentum. However, the price is now approaching a high-probability reversal area, where a reaction is expected.
📈 Key Technical Insights:
✅ Major CHoCH (Change of Character) confirmed, marking a potential trend shift.
✅ Mini CHoCH holding as local support, maintaining short-term bullish momentum.
✅ Reversal Area (Above $90,000): This zone represents previous liquidity zones where sellers could step in, leading to a correction.
📌 Trading Plan:
🔹 Long Entry Confirmation: If price retests the Mini CHoCH ($88,000) and shows bullish rejection, another leg up is possible.
🔹 Short Reversal Setup: If price reaches the Reversal Area ($90,000 - $91,000) and forms bearish confirmation patterns (e.g., engulfing, wicks, or volume divergence), a short trade targeting $87,000-$86,000 would be ideal.
🔹 Risk Management: Wait for confirmation before entering trades—false breakouts are possible.
📢 Final Thoughts:
📌 Breakout traders should be cautious of liquidity grabs.
📌 Reversal traders should look for bearish confirmation in the highlighted area.
📌 Price action confirmation is key before taking any position.
⚡ Stay sharp, manage risk, and trade smart! 🚀
GBP/JPY Overbought area.. The price is approaching a strong resistance level and the overbought zone. We need to be cautious of a potential false breakout, where many traders have their stop losses. Additionally, the pair has moved more than its daily average. This is a very interesting zone for selling, where we are definitely looking for sell opportunities rather than buys.
DXYLooking at DXY, We can see that price is approaching the value Area correctively. What I will be looking for is a Break of the value Area and therefore wait for a continuation pattern to the downside. The 2nd scenario which I am anticipating is price bouncing from the Value Area and wait for a continuation pattern to the upside, and our first target will be at the inflection as I am looking forward for DXY to fill the gap on the Daily Timeframe.
Breaking: Dogwifhat Tanks 13% TodayBuilt on the solana ecosystem, a token embroidering the dog with a hat narrative saw its price tank 13% today amidst general crypto dip.
With the RSI at 39 could more dip be looming ahead. For now the asset is in a steep falling wedge pattern so a reversal could be feasible. Given that SEED_WANDERIN_JIMZIP900:WIF once had an All-time-high of $4.85 rising from an all time low of $0.00002344 representing a whooping +2452405.65% gains, SEED_WANDERIN_JIMZIP900:WIF could pull out such fit again with a market cap of $564.14M this adds more credence to the bullish comeback of $WIF.
dogwifhat Price Live Data
The live dogwifhat price today is $0.574867 USD with a 24-hour trading volume of $627,598,272 USD. We update our WIF to USD price in real-time. dogwifhat is down 12.29% in the last 24 hours. The current CoinMarketCap ranking is #98, with a live market cap of $574,200,548 USD. It has a circulating supply of 998,841,059 WIF coins and the max. supply is not available.
Meta - The Breakout Is About To Be Confirmed!Meta ( NASDAQ:META ) is attempting the breakout:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we have been witnessing an incredible rally of about +750% on Meta. Looking at the long term reverse triangle pattern, this rally was not unexpected and such is the breakout. We still need to see confirmation, but then Meta will target the four digit level.
Levels to watch: $700, $1.000
Keep your long term vision,
Philip (BasicTrading)
SPX500 is heading to a major correction.Just reading the charts—and if history repeats itself, we’ve entered a weekly MACD and RSI downtrend.
I called this for Bitcoin a month ago, and some argued it could be invalidated. Now, we can see that’s nearly impossible.
Macro Outlook
The economy is in bad shape—you see the news.
Trump’s tariffs are scaring investors for a good reason. He wants to avoid money printing and tighten supply, but how will companies and institutions get cash? By selling their stocks.
No more free money—profits will have to come from selling assets, which will intentionally crash the market under Trump’s policy.
Cycles & Recession
We’re at the end of a cycle—everything is overbought and needs a reset before moving higher.
We’re in a recession, even if no one wants to admit it.
Conclusion
📉 Target price: 4850
📅 Estimated bottom: September 15, 2025
Expect volatility, occasional pumps, but on a weekly scale, the trend is down—unless something drastic happens. Q3 and Q4 will be bullish.
🚨 DYOR!
The Golden Age 7000 EOY SPXThe Golden Age (year) is here!
Have cash ready for May in April. Be heavy hedges going in to 26.
We're going to juice earnings with all the investments pouring in for just about every single industry. Once the injection is complete, we will reset while all the invested money completes projects.
GL!
Better Buy Bitcoin
Bitcoin - A Simple ChartHello Everyone. This 1D Chart of BTC is looking Bearish to me. I think the technical damage has already been done to BTC because lately the price action is almost all influenced by American hype and spin, ranging from tariffs to fear of recession or stagflation looming around the corner. The major indices SPX, DJI, NDQ are all starting to roll over and correcting from all time highs. There are so many global Bearish indicators out there and I don't have time to write them all. You may not notice the Bearishness yet, but I feel it is here to stay for medium term. Don't get me wrong, there will be Bullish rebounds and retraces along the way (institutional and whale pump and dumps) as we are seeing today. I am for sure not going to make any public price predictions on any price targets. This is only how I see things at the moment. Personally, I will start to slowly DCA at the first Support Level of $68,000 - $74,000. My orders are already placed because this can happen very quickly with BTC and crypto in general, as we all know. The next stop if the aforementioned Support Zone breaks and confirms on the Daily chart, may be $48,000 - $52,000. My Buy Zone is in purple rectangle box. Maybe a stronger Altcoin Season will arrive soon as BTC tries to find a lower solid base. I am only publishing this for a new, simpler way of looking at BTC and the trend levels and lines to help assist the retail investors who usually get played by the big institutions. I welcome any and all comments and arguments. As always, DYOR, ask questions, do not get emotional, and be patient! Thank you for reading, best of luck, and happy trading to all of you.
AMD- Bullish, Earnings power is there now. Im bullish AMD around these levels.
High growth rates year over year potential.
its trading below the 1000 day moving averages (200 week moving average).
Stock may rise or bounce around for a few months, but historically should do well over the next few years.
Its priced at 20 forward PE, which is cheaper than the Sp500 and most of the large cap stocks.
However, it has a higher growth rate potential expected by analysts, in the 20-30% annual year over year growth range. Each quarter could bring higher valuation as it performs (potentially).
Peter lynch math says we should be willing to pay up to twice the growth rate in PE terms for a good grower. Amd is only trading at 1 x the growth rate.
Do your homework and trade small.
Cheers.
NZD/USD Trend Today - Further Downward?NZD/USD news:
👉The New Zealand dollar (NZD) is losing ground against the US dollar (USD) amid growing concerns over the escalating trade conflict between the United States and China, the world’s two largest economies.
👉On the USD side, weaker-than-expected US economic data on the manufacturing sector, released on Monday, could limit the greenback’s gains and provide some support to the pair. The US ISM Manufacturing Purchasing Managers’ Index (PMI) fell to 50.3 in February from 50.9 previously, missing the market forecast of 50.5.
👉Looking ahead, the NZD could continue to face downward pressure in the long term.
Personal opinion:
👉NZD/USD is forming a Bearish Pennant pattern, which is likely to remain oversold. Therefore, consider a reasonable decision to place a Sell order
Analysis:
👉Based on the price action and the importance of the fibo combined with SMA to come up with a suitable strategy
Plan:
🔆 Set up the price zone:
👉Sell NZD/USD 0.5630 – 0.5640
❌SL: 0.5690 | ✅TP: 0.5590 – 0.5540 –0.5500
FM wishes you a successful trading day 💰💰💰
short. extremely overdone.. wick highs = reshorts.short. extremely overdone.. wick highs = reshorts.
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