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SPY/QQQ Plan Your Trade For 12-23: BreakAway PatternToday's pattern is a Break Away pattern. I'm not expecting much to happen just before Christmas, but this is when surprises may happen. If you have not already protected your capital - now is the time to do it (almost too late at this point). You should be prepared for anything that happens and move into a position of safety related to the holidays. Remember, the markets will always be here. Get through the holidays and get busy trying to enjoy your life. I suspect the markets will stay very flat over the next 3 to 5+ days. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
Can we get a close above this area?Hi Traders! Last week into Sunday we GJ had a good push to 197.000 area. Rejected a little bit, but it didn't close below the last low at 196.500. The only way I'd look for a sell is if it started making a reversal breaking structure to the downside (15M). At this moment, I'm looking for price to break above 197.000 with continuation. A break of structure would be past the last higher low at 197.300. If this sets up, TP Target would be in the 200s. Entry: 197.000 TP: 200.000 SL: 196.300 (Adjust depending on your style) *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
Long
by thattradergirl
Euro can rebound up from buyer zone to 1.0460 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some days ago bounced from the resistance level, which coincided with the seller zone and entered a triangle. After this, the rice turned around and made a strong impulse down to the support line of this pattern, breaking the resistance level with the support level. But soon, EUR turned around and made an impulse, making a first gap, after which it rose to the seller zone, where it later made a second gap. Next, the price some time traded near the 1.0540 level and later dropped to the support line of the triangle, after which rebounded and rose to the resistance line of this pattern. Later, EUR turned around and started to decline and soon exited from the triangle, thereby breaking the resistance level again and continuing to fall. A few moments later, the price started to trades inside another one triangle pattern. In it, EUR dropped to the buyer zone, but a not long time ago backed up and now trades close support line of the triangle. In my mind, the price can fall to the buyer zone and then rebound up, thereby exiting from triangle pattern. That's why I set my TP at 1.0460 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
XAUUSD Accumulation almost over. Strong rally expected to $3000.XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week. This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern. As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical. As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
SHIBUSD Bullish AnalysisSHIB is range bound however movements tend to be fairly large with this asset after it has finished the inital pump. I show 2 possible bullish scenarios with the green lines indicating the most likely direction for the trade with the red dots indicating a take profit, not a short entry. This is because of the eratic nature of this coin price action could break out above either of the order walls both above and below current price action. These order walls are keeping the price action range bound with sideway movement the most likely scenario at this time. This coin already pumped almost 400% and has already pulled back substantially. Any take profits could lead to substantial cash in a re-entry at a lower price scenario or yield a massive amount of additional coins.
COINBASE:SHIBUSDLong
by fritbjorn
1
VARAUSD - Updated Technical AnalysisAs anticipated, price action broke through the middle band of the bollinger bands on the weekly and sadly did not produce a wick. Price action rejected off of the lower band placing us in a range bound movement again. While overall movement is sideways, with two red candles preceding this a green candle is stastically more likely and overnight on Sunday (tonight) will hopefully yield some movement out of USDX to the downside as I anticipate that this most recent market volatility is due to the over-active Federal Reserve board trying to shake things up prior to Trump taking office. It is no secret that the Board and Donald Trump do not see eye to eye and do not like each other. The thing is, these markets are hitting record volumes monthly. The entire market has pulled back which is a normal knee jerk reaction to the Fed loosening up on printing. I am in the banking sector professionally and know that the high rates have caused banks to fail and did very little to help slow inflation anyway. I do not foresee the rapid lowering of interest rates to do very much damage over the long run considering oil prices can be weaponized by the whitehouse to target high inflation, simply by making fuel dirt cheap inflation will go away. I would say, lets keep watching these order walls that are just below and above current price action within whatever order flow program you choose and lets see if that lower order wall moves up. I have a gut feeling that it is going to move up and when it does the price will level up.
COINBASE:VARAUSDLong
by fritbjorn
XAUUSD LONG SETUPHey guys here is my first idea on gold, kindly share your opinion about chart. According to me it is possible that Gold can go for long because from last couple of days we have scene gold is going for long slowly . so its posible that gold first repects support and then break the resistance and then it will touch 2650 .. Keypoints entry point 2614 support zone 2614/2616 resistance zone 2629/2631 Remember that First target is 2629/2631 Kindly Like My charts And Follow me for latest updates On gold….
CAPITALCOM:GOLDLong
by Elliana_17
US30 - Sell Limit Opportunity After Liquidity GrabThe US30 index has reached a key liquidity zone above resistance, setting up a compelling sell limit opportunity. This price action suggests the market has cleared stop-losses and may be primed for a bearish reversal. Key Observations: Liquidity Sweep: The price spiked above a critical resistance level, triggering stop-losses and trapping breakout buyers. Market Structure: Emerging bearish signals, including rejection candles and a loss of bullish momentum, indicate potential downside movement. Optimal Entry: A sell limit at aligns with the liquidity grab and the anticipated reversal zone. Trade Plan: Entry: Sell limit at , expecting a move downward from the liquidity zone. Stop Loss: Above the liquidity sweep to protect against false breakouts. Take Profit: Targeting support levels around for a strong risk-reward ratio. Risk Management: This setup capitalizes on a classic liquidity grab, but strict adherence to risk management and position sizing is vital. Monitor price action closely for additional confirmation of bearish momentum.
OANDA:US30USDShort
by Vusizwe_Capital
Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Target Levels: 1st Support – 2.1983 2nd Support – 2.1860 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Ethereum’s Resilience Amid Justin Sun’s $143M ETH Sell-OffEthereum ( CRYPTOCAP:ETH ), the second-largest cryptocurrency by market capitalization, faces a challenging period as Tron's Justin Sun continues his massive ETH sell-off. Despite these bearish signals, Ethereum has managed to hold a critical support zone, maintaining market confidence. Let’s delve into the technical and fundamental aspects of the current ETH landscape. Justin Sun’s ETH Selling Spree: A Bearish Catalyst Justin Sun, the founder of Tron, has been systematically reducing his Ethereum holdings. Recent blockchain analytics reveal that Sun sold 39,999 ETH (worth $143 million) via Lido Finance and EtherFi, subsequently depositing the proceeds into HTX. Since November 10, Sun has offloaded a total of 108,919 ETH, valued at $400 million, at an average price of $3,674. With 42,904 ETH ($139 million) still in the process of unstaking, more selling pressure could loom on the horizon. These actions have amplified concerns among investors, with Ethereum experiencing a 17% dip after failing to breach the $4,000 resistance level. Analysts predict further downside potential, with prices possibly dropping below $3,000 before any significant recovery. Ethereum’s Technical Outlook - Price: $3,347.81 (up 2.13% intraday) - Relative Strength Index (RSI): 40.88, indicating weak momentum but improving from a recent low of 35. - On-Balance Volume (OBV): Stable, suggesting buying pressure has not fully diminished. Ethereum is currently trading in a consolidation zone, showing resilience despite external pressures. Immediate support lies near the one-month low of $3,100, a critical level for maintaining bullish sentiment. Resistance Levels - Key Resistance: $3,700 (short-term breakout zone). - Ultimate Resistance: $4,000 (bullish threshold for a sustained rally). Breaking above $3,700 could signal a bullish reversal, while a move past $4,000 would reinforce Ethereum’s upward trajectory. Bearish Factors - Whale Activity: Continued sell-offs by major holders like Justin Sun. - Market Sentiment: Bearish outlook fueled by Ethereum’s inability to hold $3,500 support. Bullish Indicators - Resilient Buyers: Recent buyers remain in profit, offering support to the market. - Volume Analysis: Despite low weekend trading volume, the market has shown signs of consolidation. Market Sentiment and Outlook Ethereum’s price action reflects a market grappling with external pressures and internal resilience. While Sun’s sell-off has intensified bearish sentiment, Ethereum has managed to stabilize above critical support zones. Short-Term Prediction - If selling pressure persists: Ethereum may test $3,000 support. - If bullish momentum builds: Breaking $3,700 could lead to a retest of the $4,000 level. Conclusion Ethereum remains at a pivotal point. While whale sell-offs, particularly from Justin Sun, pose challenges, the technical outlook shows signs of stability and potential recovery. For traders, monitoring key levels—$3,000 for support and $3,700-$4,000 for resistance—is crucial in navigating this volatile phase. As the crypto market matures, Ethereum’s ability to weather external pressures will define its long-term value proposition. Stay informed and prepared for both opportunities and risks ahead.
BINANCE:ETHUSDLong
by DEXWireNews
bullish flagContinuation Pattern: The bullish flag is considered a continuation pattern, meaning it suggests that the price will likely continue to rise after the consolidation phase. Volume: During the flagpole phase, there is typically high trading volume, indicating strong buying interest. During the flag phase, the volume usually decreases as the price consolidates. Breakout: A bullish flag pattern is confirmed when the price breaks out above the upper boundary of the flag with increased volume. This breakout signals the resumption of the uptrend and is often seen as a buying opportunity. In summary, a bullish flag on the daily chart indicates a temporary pause in an uptrend, followed by a continuation of the upward movement. Traders often look for this pattern to identify potential entry points for long positions
COINBASE:XRPUSDLong
by baierme2
ILVUSDT: A High-Stakes Moment for Traders - Illuvium◳◱ On the BINANCE:ILVUSDT chart, the Td Sequential pattern suggests momentum building up for a significant move. Traders might observe resistance around 53.59 | 67.39 | 90.06 and support near 30.92 | 22.05. Entering trades at 40.77 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Illuvium ▣ Rank: 267 ▣ Exchanges: Binance, Kucoin, Gateio, Mexc, Hitbtc ▣ Category / Sector: Media and Entertainment - Gaming ▣ Overview: Illuvium is a decentralised game studio that merges the worlds of gaming and cryptocurrency. The game studio is building an open-world RPG adventure game on the Ethereum blockchain that allows players to collect, exchange and battle NFT assets. ◰◲ Technical Metrics : ▣ Current Price: 40.77 ₮ ▣ 24H Volume: 4,601,102.937 ₮ ▣ 24H Change: -1.212% ▣ Weekly Change: -24.25%% ▣ Monthly Change: -12.83%% ▣ Quarterly Change: 7.46%% ◲◰ Pivot Points : ▣ Resistance Level: 53.59 | 67.39 | 90.06 ▣ Support Level: 30.92 | 22.05 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_SELL ◰◲ Summary of Technical Indicators : SELL ◲◰ Sharpe Ratios : ▣ Last 30 Days: 0.36 ▣ Last 90 Days: 0.73 ▣ Last Year: -0.42 ▣ Last 3 Years: -0.70 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.37 ▣ Last 90 Days: 1.19 ▣ Last Year: 1.03 ▣ Last 3 Years: 0.98 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:ILVUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
USDCAD Will Move Higher! Buy! Please, check our technical outlook for USDCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.437. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.445 level soon. 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!
Long
by SignalProvider
1
Are We on the Verge of a Major FXSUSDT Shift? - Frax Share◳◱ On the BINANCE:FXSUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 3.366 | 4.186 | 5.572 and support near 1.98 | 1.414 | 0.028. Entering trades at 3.383 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Frax Share ▣ Rank: 275 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Financial - Stablecoins ▣ Overview: Frax attempts to be the first fractional-algorithmic stablecoin protocol to implement design principles of both collateralized and algorithmic stablecoins. The Frax protocol is a two token system - the stablecoin FRAX, and Frax Shares (FXS), which are used to stablise the system, accrue seigniorage revenue and fees, as well as provide governance rights. The degree to which FRAX is collateralized is determined by market forces, with the collateral ratio determining the proportion of FRAX outstanding to be backed by collateral, with the remainder in FXS. ◰◲ Technical Metrics : ▣ Current Price: 3.383 ₮ ▣ 24H Volume: 47,158,096.844 ₮ ▣ 24H Change: 34.299% ▣ Weekly Change: 0.52%% ▣ Monthly Change: 29.85%% ▣ Quarterly Change: 71.48%% ◲◰ Pivot Points : ▣ Resistance Level: 3.366 | 4.186 | 5.572 ▣ Support Level: 1.98 | 1.414 | 0.028 ◱◳ Indicator Recommendations : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 1.04 ▣ Last 90 Days: 1.40 ▣ Last Year: -0.92 ▣ Last 3 Years: -0.04 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.45 ▣ Last 90 Days: 1.10 ▣ Last Year: 0.96 ▣ Last 3 Years: 1.13 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:FXSUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
WHAT MOVES LIES AHEAD OF GOLD?FUNDAMENTAL VIEW It’s a quiet week on the economic calendar as the holiday spirit takes center stage, but gold remains in focus. What moves lie ahead for the precious metal? From a fundamental perspective, the FED’s recent 25bps rate cut, paired with a cautious stance on future rate changes, has influenced gold prices. Furthermore, softer U.S inflation data for November has also weakened the dollar and lowered Treasury yields. Hence providing support for gold. This week, markets will keep an eye on U.S. consumer confidence data later today at 7 PM GMT+4. Tomorrow, December 24, 2024, key releases include Core durable goods, durable goods, new home sales, and the Richmond manufacturing index. On Thursday, the weekly unemployment claims are expected, with a forecast of 218K. These and other economic indicators could impact gold prices, given their inverse relationship with the dollar. TECHNICAL VIEW On the daily timeframe, the price is struggling and currently trading below the 50 period EMA at $2,640.493, showing a -28% decrease today after a brief uptick during the Asian session, following significant losses last week. The price is currently leaning bearish, with a potential target at $2,582.181. If this level is broken, the next support targets could be $2,553.488 and $2,489.954. Alternatively, if bullish momentum takes over, the price could rise to $2,655.962, followed by $2,722.389 and then $2,787.129.
CFI:XAUUSD
by CFI