SPX: MTF Cluster Support at 5,810 with EMA Confirmation StrategyCurrent Technical Setup
The SP:SPX is testing a significant cluster support level at 5,810, identified by FibExtender Pro with multiple timeframe confluence. The price has shown a clear reaction at this level, making it a potential launching point for a bullish move.
Entry Conditions
Primary Triggers Required:
8 EMA crossing above 34 EMA on 30-minute chart (currently bearish)
Price breaking above last swing high at 5,850
Price holding above cluster support at 5,810
Price Targets
First target: 6,000 (psychological level and major cluster resistance - 4 levels)
Second target: 6,170 (cluster resistance - 3 levels)
Risk Management
Stop Loss Parameters:
Place stops below 5,810 cluster support
Exit if price fails to hold above EMAs after entry
Cancel setup if entry triggers aren't activated
Timeframe Analysis
30-Minute Chart:
Currently bearish configuration
8 EMA below 34 EMA
Waiting for bullish crossover and Price breaking above last swing high at 5,850
Weekly Chart:
Strong bullish structure
Moving averages stacked positively
5,810 cluster support adds confluence
50 EMA > 200 EMA (bullish)
Time-Based Considerations
The January 13 time cluster provides an additional layer of confluence for potential trend reversal. This timing aligns with Fibonacci principles suggesting higher probability setups when time and price zones converge.
Special Notes
The mixed signals between timeframes require patience. The weekly chart provides a strong bullish foundation, but entry must wait for 30-minute confirmation signals to align. The setup becomes invalid if price breaks below cluster support without triggering entry conditions.
Bulish
avax long midterm"🌟 Welcome to Golden Candle! 🌟
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theta long midterm"🌟 Welcome to Golden Candle! 🌟
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doge long midterm"🌟 Welcome to Golden Candle! 🌟
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etcusdt midtem long"🌟 Welcome to Golden Candle! 🌟
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etc long midterm"🌟 Welcome to Golden Candle! 🌟
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atomusdt buy midterm"🌟 Welcome to Golden Candle! 🌟
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etcusdt Ethereum bitcoin "🌟 Welcome to Golden Candle! 🌟
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fil filusdt midterm long"🌟 Welcome to Golden Candle! 🌟
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update of filusdt.I think the bulish trend will start soon.
Bitcoin at a Crossroad: Bullish or Bearish?
Bitcoin is currently testing key support and resistance zones, creating two potential outcomes:
Bullish Scenario: If Bitcoin successfully bounces off the current support level around $60,000 and breaks through the first resistance at $70,000 (first condition), we could see a move toward $80,000 or higher. This upward momentum would indicate a continuation of the recent bullish trend, attracting more buyers and potentially leading to new highs.
Bearish Scenario: On the flip side, if Bitcoin fails to hold the $60,000 support level and drops below the second condition (around $50,000), we could see a bearish trend unfold. In this case, the next support level would be near $40,000, as indicated in the chart. A breakdown here might trigger panic selling, pushing Bitcoin further down to retest lower levels.
Watch closely how Bitcoin reacts in the coming days, as these levels will be critical in determining the market direction.
This explanation provides clear insights into both bullish and bearish scenarios, depending on how Bitcoin interacts with the key support and resistance levels shown in the chart.
$RUTSeptember will likely determine the market's direction for the rest of the year. Key U.S. economic indicators, such as the Consumer Price Index (CPI) and unemployment rates, released in the first couple of weeks of September, will provide more confidence to investors. Currently, the market is pricing in a potential rate cut on September 18.
Positive economic news is likely to encourage risk-on behavior, which could be particularly evident in U.S. small-cap companies and may spill over into traditionally riskier markets like cryptocurrencies. Historically, rate cuts have led to very short-term risk-on behavior before major drops in global indices.
TOTAL - An Overview on the crypto marketcap#TOTAL #Analysis
Description
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming bullish market.
+ A breakdown from this support zone could lead to further declines in the market.
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Enhance, Trade, Grow
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VectorAlgo
The bounce back for Chewy NYSE:CHWY has been in the dog pound and nearing all-time lows. With a generation of single millennials adopting furry friends for some much-needed companionship, Chewy is bound to have its day in the sun (Ayyy don't kill the messenger just observation 🤣 )
At this discounted price, I'd say Chewy is a real diamond in the ruff, and it's only a matter of time before it bounces back. After all, who doesn't love a good bargain? Woooof
NEAR Protocol Price Prediction: Bullish115% or Bearish 44% ?!NEAR Protocol is currently trading within an ascending channel, with clear reactions to the channel's support, resistance, and midline.
Based on current market conditions, our first expectation is for NEAR to break above the $6.037 resistance level and continue its upward trajectory, supported by the $5 level. This could lead to price targets of $7.4, $8.9, and ultimately $13.
However, a bearish scenario could also unfold if the channel's support is broken and the $5 level fails to hold. In this case, NEAR could experience a downward movement towards the $3 level.
Which scenario do you favor?
Short-term analysis of Bitcoin in the 15-minute time frame:Bitcoin is currently forming a megaphone pattern in the 15-minute short-term time frame. This pattern often breaks from the top, and its target could be the $77,000 range.
Please note that the analysis you see here is for informational purposes only and should not be used as a basis for making trades.
🚀 DatChat's Shares Surge on AI Social Gaming Platform UnveilingDatChat's shares surged 49.11% to $3.10 after unveiling its AI social gaming platform and developer program.
The company also launched HabyPets, an AI-powered interactive game, and opened its platform to developers, allowing revenue sharing. Bullish outlook sets support at $1.40-$1.70 and targets an upside of $5.80-$6.80. 🚀🎮
#DatChat #Stocks
Bitcoin lookin gooood (lotta rocket emojis)Overall bullish structure on bitcoin. Can be seen by making use of the Modified Schiff Pitchwork. Legitimacy can be confirmed by the major support around 40751, besides the other points of support and resistance that the Pitchwork indicates. Next major resistance areas around 46875 and 65744.
📈 LAI/USDT Trading Setup 🚀Consider entering within the support zone between $0.0167 - $0.0156.
Targets:
🎯 $0.022
🎯 $0.025
🎯 $0.030
Caution:
Validate market conditions before entering.
Stay vigilant for potential changes and adjust strategies accordingly.
🔄 Monitoring:
Regularly assess price movements and adapt your approach.
Keep an eye on overall market trends.
Cryptocurrency trading involves risk; make informed decisions and stay informed! 📊💹 #LAI #USDT #CryptoTrading 🚀📰
🌌⚙️ ATOM/USDT Resistance Rejection and Support Analysis 🔄📉ATOM (Cosmos) has recently encountered a resistance level at $12.00, experiencing a rejection that prompted a retracement to the $10.00 - $10.50 support zone. Here's a breakdown of the key analysis:
Key Points:
Resistance at $12.00: ATOM faced resistance at the $12.00 level, resulting in a pullback. This level is now a critical point to monitor for potential breakthrough or rejection.
Retracement to Support Zone: The price retraced to the support zone around $10.00 - $10.50, indicating a crucial area where buyers might intervene.
Potential Breakthrough: If ATOM manages to turn $12.00 into support, it could signify renewed bullish momentum, potentially leading to a test of $13.50.