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NVIDIA (NVDA): Breakout Levels in Sight!Good morning, trading family! NVIDIA ( NASDAQ:NVDA ) is getting close to a key resistance level at $141.87. Here’s what could happen: If the price breaks $141.87: We might see it move up to $150 and even $158 if the momentum stays strong. This is an exciting setup, so keep an eye on how the price reacts. Let’s stay focused and trade smart! Wellness Tip of the Day: Start your morning with a healthy breakfast. A mix of protein (like eggs or yogurt), healthy fats (like nuts or avocado), and slow carbs (like oatmeal or whole-grain bread) will give you steady energy and help you make sharp decisions all day. Comment, like, follow, or send me a message if you’d like more details about this trade! Kris/Mindbloome Exchange Trade What You See
NASDAQ:NVDA
by Mindbloome-Trading
an overview of BitcoinBTC was in a Rising wedge but the bearish break out happened and the Price has reduced accordingly. BTC has done positive reactions to 93k support and no divergences are seen on MACD and RSI indicators which suggest that we would see a bullish movement after a candle closes around 93k. worst case scenario would be that the price ignore the 93k support and continue It's bearish movement. In that case the next strong support would be around 86700 resistance would be around 107k after the bullish movement
by Cryptonic_Trading
2
The Data Secret Every Trader Needs!Master Data-Driven Decision Making for Ultimate Trading Success In the unpredictable world of financial markets, data-driven decision-making has become an indispensable asset for traders aiming to maximize their success. Studies reveal that traders who harness the power of data can potentially boost their success rate by over 50%. As we delve into the modern trading landscape, relying solely on instinct is no longer sufficient; a systematic, data-centric approach is necessary for informed decision-making. The Essence of Data-Driven Decision Making At its core, data-driven decision-making involves leveraging quantitative and qualitative data to guide trading strategies. This encompasses rigorous analysis of historical price movements, market trends, and economic indicators to inform investment choices. By employing this analytical lens, traders can uncover insights that are often obscured by subjective judgments or anecdotal experiences. This method mitigates emotional biases, fostering a disciplined trading approach. Analyzing robust data sets not only aids in minimizing risks but also enhances return on investment. Traders who embrace this systematic approach can continuously refine their methods, adapting to the ever-evolving market landscape. Categories of Data in Trading Understanding the various types of data available is crucial for traders to make informed decisions. Three primary categories of data—market, fundamental, and sentiment—serve as the bedrock of effective trading strategies. Market Data Market data encompasses vital information such as price movements, trading volume, and overall market trends. Price fluctuations highlight potential entry and exit points, while trading volume offers insights into the strength of those movements. By analyzing this data, traders can align their strategies with prevailing market conditions—whether bullish or bearish—allowing for informed and timely trading decisions. Fundamental Data Fundamental data is critical for assessing the economic and financial health of assets. This includes economic indicators like GDP growth or inflation rates, earnings reports from individual companies, and significant news events that may impact market conditions. By incorporating this information into their analyses, traders can make investment decisions that reflect both broader economic trends and company-specific performance metrics. Sentiment Data Sentiment data gauges market psychology, reflecting how traders feel about particular assets through tools that analyze social media, news, and investor surveys. Understanding market sentiment can uncover potential reversals or validate trading strategies. By comparing personal viewpoints against market sentiment, traders are better equipped to refine their tactics and confirm their analyses. Read also: Tools and Techniques for Data Analysis To leverage data effectively, traders must employ appropriate tools and techniques. A well-equipped trader can swiftly distill complex information into actionable insights. Analytical Tools Platforms like TradingView and MetaTrader are invaluable for traders seeking to visualize and analyze data. TradingView excels in its user-friendly interface and extensive range of technical indicators, while MetaTrader is suited for those interested in algorithmic trading and backtesting. Utilizing these tools allows traders to streamline their data analysis process and enhance trading efficiency. Technical Analysis Methods Technical analysis employs various techniques—such as moving averages, trend lines, and chart patterns—to forecast future price movements. Moving averages clarify trends by smoothing price data, while trend lines identify potential support and resistance levels. Recognizing chart patterns can also signal price reversals or continuations, empowering traders to make well-timed decisions based on historical behavior. Fundamental Analysis Techniques Fundamental analysis involves the examination of financial statements and economic indicators. Traders assess key metrics, including revenue and profitability ratios, to gauge a company’s financial health. Furthermore, comprehending economic indicators equips traders with a clearer understanding of market conditions and aids in identifying long-term opportunities. Crafting a Data-Driven Trading Strategy A robust, data-driven trading strategy is instrumental for successful navigation of complex financial markets. By establishing a structured trading plan, backtesting strategies, and committing to continual refinement, traders enhance their prospects for success. Developing a Trading Plan A trading plan serves as a strategic guide, encompassing clear goals, risk tolerance, and preferred trading style. To integrate data analysis within this plan, traders must identify crucial indicators that dictate entry and exit points. Historical market data should be leveraged to inform performance benchmarks and predictions regarding future price movements. This comprehensive plan should encompass position sizing and risk management principles to support data-driven decisions. Backtesting Strategies Backtesting involves simulating trades based on historical data to evaluate the effectiveness of trading strategies. This process reveals how strategies would have performed under various market scenarios, helping traders build confidence and identify areas for improvement. When backtesting, it’s vital to use robust datasets and Account for factors like slippage and transaction costs to ensure realistic results. Continuous Improvement The dynamic nature of financial markets necessitates ongoing evaluation and adaptation of trading strategies. Continuous improvement involves analyzing trade performance, identifying successes and shortcomings, and refining approaches based on data feedback. Embracing a culture of ongoing enhancement enables traders to respond effectively to market shifts and solidify their decision-making processes. Read also: Common Pitfalls of Disregarding Data While data-driven decision-making is crucial for trading success, many still overlook key aspects that jeopardize strategy effectiveness. Emotional reactions, cognitive biases, and excessive self-confidence can undermine trading performance. Emotional Trading Allowing emotions like fear and greed to influence trading decisions can lead to impulsive actions, disrupting logical analysis. This may result in holding onto losing positions too long or prematurely exiting profitable trades. Establishing rules that prioritize analytical processes over emotional responses, alongside rigorous risk management, is critical to maintaining objectivity. Confirmation Bias Confirmation bias occurs when traders selectively seek data supporting their existing beliefs while ignoring conflicting information. This mindset can skew market perceptions and impede adaptability. To counter this bias, traders should actively pursue diverse viewpoints and continuously challenge their assumptions, thereby fostering a comprehensive analytical approach. Overconfidence in Intuition Relying solely on instinct without grounding in data may lead to overconfidence and reckless decision-making. Traders must appreciate the importance of data analysis in their strategy, balancing intuition with a systematic approach to minimize the risk of costly errors. Read Also: In conclusion.. In conclusion, data-driven decision-making is a cornerstone of success in trading and investing. By systematically integrating data analysis into their trading strategies, traders can enhance their decision-making processes, leading to more informed and strategic actions in the market. This method enables the identification of trends, risk mitigation, and optimization of returns, which are essential in today’s volatile financial environment. Moreover, the continuous evaluation and adaptation of strategies based on real-time data feedback empower traders to remain agile in the face of market fluctuations. Ultimately, leveraging data becomes a pivotal aspect of an effective trading toolkit, enabling traders to thrive amidst challenges and capitalize on opportunities in the financial markets. ✅ Please share your thoughts about this educational post in the comments section below and HIT LIKE if you appreciate! Don't forget to FOLLOW ME; you will help us a lot with this small contribution
Education
by FOREXN1
3
After the volatility period around December 27th... (Title) What will it look like after the volatility period around December 27th --------------------------------------- Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a good day today. ------------------------------------- USDT is currently showing a gap down, although small. USDC is showing a gap up steadily. The gap up of USDT and USDC means that funds are flowing into the coin market. I think the start of the altcoin bull market should be below 55.01 and maintained or show a downward trend. The decline in USDT dominance is likely to result in a rise in the coin market. If it rises above 4.97, the coin market is likely to experience a sharp decline and the coin market is likely to show a downward trend. If USDC continues to fall, it is likely to fall to around 2.84. After that, it is expected that the coin market will gradually show a downward trend while rising. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator on the 1W chart is showing signs of being created at the 94742.35 point. Therefore, if the HA-High indicator of the 1W chart is generated, it is important to see if it can be supported near that area. If it falls without being supported, there is a possibility that it will meet the M-Signal indicator of the 1W chart. Before meeting the M-Signal indicator of the 1W chart, it is necessary to check if it is supported near 87.8K-89K. - The Momentum indicator is showing a continuous downward trend. We need to see if it shows an upward trend when a new candle is created. - Looking at the overall picture of BTC, it is still in the sideways section. Therefore, the point of interest is whether it can rise above 97821.58-98892.0 by rising near 92K-93.5K. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
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)
TVC:SPXLong
by basictradingtv
16
BTC GOING UP OR DOWN? 74 OR 124?"Sometimes a person doesn't know whether to laugh or cry about their situation and the future events. Being optimistic is good, and pessimism is full of trouble... In this analysis, on the weekly time frame, Bitcoin is on a trendline, but the MACD and Ichimoku indicators suggest a decline, and the candles are still holding strong on the trendline. Although everything seems uncertain and strange, we must wait... Nevertheless, I am still confident and interested in Bitcoin being bullish, but if a bit more Bitcoin is sold, it will definitely drop. If it is not sold, the catastrophe will be avoided, negative divergence and oversold conditions will occur, and the upward movement will begin. The data still shows that Bitcoin is being accumulated... The UAE, companies like MicroStrategy, El Salvador, and other countries and financial institutions are accumulating, but small retail investors are selling. So, we wait for the next developments. Target: $74,000 or $124,000."
by khosrooparviz
1
Why AIrBNB might be the company to watch in 2025Hello, we see an opportunity for investors to buy Airbnb at the bottom. In this video we go a step further and try and explain why. While the company's long-term prospects remain strong, short-term headwinds are likely to keep its stock price under pressure. As the travel industry gradually normalizes post-COVID, we anticipate minimal demand erosion for alternative accommodations from ABNB's existing customer base. However, the company's share growth in urban markets continues to lag behind its gains in non-urban regions in recent years, presenting a potential growth opportunity moving forward. In the near term, I anticipate AirBNB's share price will continue its pullback to around USD 100. However, over the longer term, the company is expected to remain resilient, with an initial price target of USD 170 and a longer-term target of USD 220.88. All the best & goodluck
NASDAQ:ABNBLong
by thesharkke
BITCOIN in a LIVERMORE FunnelThe accumulation and distribution volume matches the positive and negative money flows of the first 5 waves in a Jesse Livermore stock cylinder. Will wave 6 see a rush of positive money flow into #Bitcoin into the end of the year? Let's see If it does then that will further cement this pattern of accumulation , sideways movement then breakout with continuation of buying power into the Bull market top. Let's observe this in real time shall we? Should be a fun few months ahead of us after a long period of churn. S/O to @arvine11 for bringing up the Livermore stock trend analysis.
INDEX:BTCUSDLong
by BallaJi
1
SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week. ⭐️Personal comments NOVA: Gold sideways price range 2610-2620, H1 trendline downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping TP1: $2614 TP2: $2608 TP3: $2602 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
Pending order short EURJPYThis is the holiday period with low liquidity, so more caution is essential. I am also being more cautious with an entry, here is what I propose: Risk - 50% of your normal. Entry - below the low of Fri candle (& below the resistance at 163.00). Stop - above the recent high. Target - above the next support at 155.80 If the stop gets hit before I get an entry, I will cancel the order. This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
Why I Think More Companies Will Buy Themselves Back in 2025I noticed that Nordstrom is making headlines today as the Nordstrom family moves to take the company private, effectively "buying it back" from public shareholders. I find this fascinating and may add it to one of my themes for 2025: more small and mid cap companies will leave public markets and go private. What is Nordstrom's doing? The strategy involves acquiring all outstanding shares not already owned by the family, removing Nordstrom from the public stock exchange. Taking the company private allows the family to regain full control, enabling strategic decisions without the pressure of quarterly earnings reports or shareholder scrutiny. Actually, the exact quote from the company is rather interesting: The Nordstrom family believes it will be more successful without the scrutiny and demands of the public market. For Nordstrom, going private could mean focusing on long-term investments and restructuring without the constraints of public market expectations, costs or regulations. Ah, the freedom to build! A few things to note about this: 1. Look at the trend of Nordstrom's in the chart above into this go private offer. 2. Nordstrom's will save massively on legal costs and fees associated with going public. 3. I think more companies that are floundering at the small and mid cap level will opt to go in this direction. 4. More CFOs and CEOs will ask if it's worth it to stay public if there is no immediate benefit. 5. What's also interesting is that the companies can always go public again if they think they need to raise money once again or need to tap back into the markets. This will be a space to watch and I will be writing about this more in 2025.
NYSE:JWN
by scheplick
1
SPY Technical Analysis for Tomorrow - Dec. 231. Key Levels * Resistance Levels: * $594.00: Immediate resistance level based on recent price action. * $600.00: Psychological resistance and critical test zone. * $608.50: Longer-term resistance from prior highs. * Support Levels: * $588.00: Current consolidation support zone. * $582.30: Intermediate support level based on prior rejections. * $577.74: Major structural low and critical support from the recent bounce. Observations and Price Action 1. Trend: * SPY bounced strongly from $577.74, creating a higher low, indicating short-term bullish momentum. * Price is consolidating under $594.00, which could act as a key pivot point for the next move. 2. Stochastic RSI: * The Stochastic RSI is entering overbought territory, suggesting potential slowing momentum or a pullback before another leg up. 3. Volume: * The recent move off $577.74 was accompanied by rising volume, signaling buying interest at key support. My Thoughts on SPY’s Direction * Bullish Bias: SPY is likely to retest $594.00 and potentially break higher toward $600.00 if buying momentum continues. * Bearish Risks: If $594.00 holds as resistance, a pullback to $588.00 or even $582.30 could occur. I lean slightly bullish, but a breakout above $594.00 is essential for further upside. Watch for rejection signals if SPY struggles to clear this level. Trade Scenarios Bullish Scenario: * Entry: On a breakout above $594.00 with strong volume. * Targets: * Short-Term: $600.00. * Extended: $608.50. * Stop-Loss: Below $592.00 to minimize risk. Bearish Scenario: * Entry: On rejection at $594.00 or breakdown below $588.00. * Targets: * Short-Term: $582.30. * Extended: $577.74. * Stop-Loss: Above $595.00 for rejection trades or $589.50 for breakdown trades. Key Focus Areas * $594.00 Resistance: Watch for a breakout or rejection. * Volume Confirmation: Ensure volume aligns with the direction of the move. * Momentum Shift: Monitor the Stochastic RSI for signs of a reversal or continuation. Conclusion SPY is consolidating near a critical resistance level at $594.00. A breakout would open the door to $600.00, while rejection could lead to a pullback toward $588.00 or lower. The direction tomorrow will largely depend on how SPY reacts to the $594.00 level. ----------- Option Trading Scalping and Long/Short Strategy for SPY ------------ 1. Scalping Strategy for Options Key Observations from GEX Levels and Chart * Resistance Levels: * $593.00: Strong resistance, aligns with the 3rd Call Wall (53.16% GEX). * $598.00: Another key resistance from the 2nd Call Wall. * $600.00: Psychological resistance and CALL Resistance level (93.35%). * Support Levels: * $587.00: High Volume Level (HVL) and critical support zone. * $583.74: Highest negative gamma exposure (Put Support). * $577.74: Recent swing low and major structural support. * Options Oscillator Insight: * IV Rank is moderate (27.6%), indicating stable implied volatility. * Puts outweigh Calls (48.3%), showing slight bearish sentiment. Scalping Call Options (Bullish Setup): * Entry: If SPY breaks above $593.00 with volume confirmation. * Target: $598.00 (short-term target) and $600.00 (extended target). * Stop-Loss: Below $592.00 to manage risk. Why It Works:
The breakout above $593.00 aligns with gamma-driven resistance at $598.00 and $600.00, signaling momentum to the upside. Scalping Put Options (Bearish Setup): * Entry: On rejection at $593.00 or breakdown below $587.00. * Target: $583.74 (short-term target) and $577.74 (extended target). * Stop-Loss: Above $593.50 for rejections or $588.00 for breakdown trades. Why It Works:
Failure to hold $587.00 would push SPY toward negative gamma zones, with increased bearish pressure targeting the next support levels. 2. Long/Short Strategy Long Strategy (Bullish Case): * Entry: Above $593.00 with sustained price action and volume. * Targets: * Short-Term: $598.00. * Extended: $600.00. * Stop-Loss: Below $591.00 to minimize downside risk. Why It Works:
Breaking $593.00 indicates bullish momentum with gamma resistance weakening as the price moves higher. Short Strategy (Bearish Case): * Entry: On rejection at $593.00 or a confirmed breakdown below $587.00. * Targets: * Short-Term: $583.74. * Extended: $577.74. * Stop-Loss: Above $594.00 for rejection trades, or $588.50 for breakdown trades. Why It Works:
A failed breakout or breakdown aligns with bearish sentiment from the options flow, targeting downside gamma zones. 3. Additional Notes * Volume Confirmation: * Monitor volume spikes near $593.00 for breakouts or rejections. * Timeframe: * Use the 1-minute or 5-minute chart for scalping. * Strike Selection: * Focus on at-the-money (ATM) options with 7–14 DTE for scalping. Conclusion * Bullish Scenario: Breakout above $593.00 targets $598.00 and $600.00. * Bearish Scenario: Rejection at $593.00 or breakdown below $587.00 targets $583.74 and $577.74. Keep a close eye on price action, volume, and gamma levels to guide your entries and exits effectively. 🚀 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please trade responsibly and manage your risk accordingly.
AMEX:SPY
by BullBearInsights
2
$AMD: The AI Challenger Closing 2024 Strong Introduction AMD’s 2024 journey has been marked by strong performance in AI and gaming, backed by solid product launches and strategic moves. 📈 As the year ends, AMD’s MI300 series has crossed $5 billion in data center GPU revenue, setting the stage for further growth in 2025. 💡 But is this momentum enough to solidify AMD as a long-term investment opportunity? Let’s explore. 🔍 Key Insights 1. Financial Highlights 💵 Stock Price: $119.21 (+0.28% today). P/E Ratio: 45, showcasing high growth expectations. Revenue Growth: +18% YoY in Q3, driven by data centers and gaming. 🎮 Note: While AMD’s valuation appears stretched compared to historical norms, its forward-looking growth potential justifies a deeper look. 👀 2. AI Market Expansion 🤖 MI300 Series Success: AMD’s data center GPU revenue surpassed $5 billion in 2024, boosted by adoption across cloud providers and enterprises. ☁️ Future Pipeline: The MI325X is set to launch in late 2024, and the MI350 series is planned for 2025. These products aim to strengthen AMD’s position in AI computing. Analysis: The global AI market, projected to reach $1 trillion by 2030 🌍, presents immense growth opportunities. AMD’s investment in AI-focused products and partnerships positions it well to capture a meaningful share of this expanding market. 🚀 3. Gaming and Esports Stability 🎮 Revenue: Gaming contributed $1.5 billion in Q3 (+4% YoY). Growth Drivers: Ryzen CPUs and Radeon GPUs remain popular for gaming rigs, while console upgrades and esports continue to fuel demand. Takeaway: Gaming remains a consistent revenue stream for AMD, complementing its more volatile AI and data center segments. 💻 4. Competitive Positioning ⚔️ Against Nvidia: AMD’s MI300 series competes in performance and adoption but remains a challenger to Nvidia’s dominance. Against Intel: AMD continues to outpace Intel in CPU performance and market share growth, reinforcing its reputation as a reliable competitor. 🏆 5. Undervaluation Potential 📊 AMD trades below key moving averages, suggesting a potential opportunity for long-term investors. Forward P/E could drop to 30 if 2025 earnings grow as projected, aligning with value-focused investment strategies. 📉➡️📈 What’s Next? 🔮 With 2024 closing on a strong note, AMD’s focus shifts to executing its 2025 product launches and capitalizing on AI market growth. Whether you see AMD as undervalued or overvalued depends on your confidence in its ability to sustain this momentum. 🧠 Disclaimer This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult a professional before making investment decisions. 📢
NASDAQ:AMDLong
by DCAChampion
24th December 2024 XAUUSD SETUP (Christmas GIFT)This is a technical chart for Gold (XAU/USD) showing potential trade setups. Let’s break it down: Key Observations: 1. Trendlines: - A descending channel is visible, with price reacting to both the upper and lower boundaries. - The price recently broke above the descending trendline, indicating a potential reversal or breakout. 2. Zones: - Demand Zone (Support): Highlighted in blue near $2,592.84, showing a strong potential support level. - Supply Zones (Resistance): Highlighted in red and blue near $2,630 - $2,654, indicating potential barriers to upward movement. 3. Price Movement: - Price recently bounced off the demand zone and is approaching higher resistance zones. - A bullish impulse is expected, as illustrated by the curved arrows, with potential pullbacks. 4. Patterns and Projections: - There is a potential double-bottom pattern near the demand zone. - The price could retrace slightly before continuing upward toward the highlighted resistance zones. 5. Entry and Stop-Loss: - Suggested long entry appears near the green arrow (~$2,606). - Stop-loss is likely set below the demand zone (~$2,592.84). - Take-profit levels are near the supply zones, with the primary target around $2,654. 6. Risk-Reward: - The trade seems to follow a favorable risk-to-reward ratio, with higher potential gains if the price reaches the top supply zone. Trade Analysis: - Bullish Bias: Based on the breakout from the descending channel and bounce from the support zone. - Entry Zone: Look for confirmation near $2,606 if price retraces slightly. - Targets: $2,630 (first target) and $2,654 (second target). - Stop-Loss: Tight below $2,592 to limit downside risk. Ensure proper risk management and monitor for news/events affecting gold prices. Would you like help refining the trade plan or exploring alternative scenarios?
OANDA:XAUUSDLong
by ExuberanceTrading
DOGS/USDT: Bearish Continuation or Relief Bounce Ahead?hello guys! let's analyze Dogs! Liquidity Sweep ("Hunted"): A recent liquidity grab above the $0.0009000 resistance level indicates that smart money may have trapped late buyers before the sharp sell-off. This bearish move aligns with the concept of liquidity hunting, where key levels are taken out before price reverses. Bearish Momentum: DOGS/USDT has broken below the mid-range support zone ($0.0006800-$0.0007000), suggesting strong bearish pressure. The price is currently retesting this zone as resistance, a critical area for determining the next move. Key Levels to Watch: Immediate Resistance: The previous support zone at $0.0006800-$0.0007000 is now acting as resistance. A rejection here could confirm a continuation of the downtrend. Support Levels: The critical support level lies at $0.0004500-$0.0004700 (purple zone). A break below this could open the door for a deeper correction toward $0.0003500. Possible Scenarios: Bearish Continuation: If the price fails to reclaim $0.0006800, expect a drop to the major support at $0.0004500. A breakdown below this zone could trigger panic selling. Short Position: Entry: Near $0.0006800-$0.0007000. Targets: $0.0004500, followed by $0.0003500. Stop Loss: Above $0.0007300. Long Position (Aggressive): Entry: Near the purple support zone ($0.0004500). Targets: $0.0006800, followed by $0.0009000. Stop Loss: Below $0.0004300.
by melikatrader94
1
$XVG Prediction! Daily chart..Hello Traders, As of Late market showing sending mixed signals while BTC correcting. Altcoin market wide correction took place last couple of weeks and most coins deeply corrected! One can't be sure weather correction is fully completed or not but last few days some altcoins holding their grounds well while BTC correcting including XVG. On a daily chart $0.0018-$0.002 seems grenade proof support. Most importantly daily candle doesn't seem like want to close below $0.002 level. When I placed Fib retracement lines , it is clear that price action following the main retracement points as it is clearly marked on the chart. Moving Averages clearly bullish on daily timeframe while oscillators remain neutral. My favorite Chipher_B_divergence indicator flashing low green Dot! RSI indicator in the neutral zone which could mean that lots of room to go either direction. We also have Symmetrical Triangle .As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising. Traders should watch for a volume spike and at least two closes beyond the trendline to confirm the break is valid and not a head fake. I am personally very bullish on this chart and will update this chart as we move along. We do have a different outcomes that could take a place next few months. I applied 7 different line arrows to simulate the possible price actions. Timeline is arbitrary. It could take shorter or longer time to achieve!
by SpaceCatZ