Coti, Golden pocket retrace sets up 16x algo targetGolden pocket special...
to avoid being repetitive & to save time I'll just give the trade and spare you the write up. See linked BTC chart for more details.
The Trade:
Preferred Entry: $0.079 or 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $0.114
Stop: $0.075
Target: $1.91
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Chart Patterns
NVIDIA (NVDA) Ready for Next Move? | Scalping & Swing Trade TAOverview: NVIDIA has been consolidating after a strong uptrend, currently trading around the $145 zone. This could be a pivotal area for both scalpers and swing traders.
Scalping: Look for a potential bounce around $144-$145 for quick plays. Watch for resistance at $148-$150 for potential profit-taking.
Swing: If NVDA breaks above $150 with volume, it could test $153 or higher. Otherwise, a pullback to $140 may offer another entry.
Disclaimer: This is not financial advice; please trade responsibly.
VeChain, VET, Golden pocket sets up 29x Algo TargetGolden pocket special...
to avoid being repetitive & to save time I'll just give the trade and spare you the write up. See linked BTC chart for more details.
The Trade:
Preferred Entry: $0.02275 or 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $0.0284
Stop: $0.0213
Target: $0.858
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Will SPY Drop Back to the $580s? Time to Consider Buying Puts?Is SPY Overhyped? The Election Bounce Might Be Over – RSI is Screaming "Take Cover!"
Look, I get it – SPY has been on a tear lately, soaring like a hot-air balloon fueled by election hype and investor euphoria. But let's slow down for a second. The market's been on a wild ride this quarter, with volatility hitting levels that could make even the most seasoned traders break a sweat. Between the election results, market speculation, and everyone's favorite fear – uncertainty – it's easy to get swept up in the hype. But here’s the thing: it looks like SPY might be a bit too overbought for comfort.
The RSI (Relative Strength Index) is creeping dangerously close to overbought territory, which for anyone who's been paying attention is usually a sign that things are getting a little *too* frothy. Sure, a good rally feels great, but we all know what happens when everyone’s running for the exits at the same time, right? **Spoiler alert: it’s not pretty.**
We’re staring down the barrel of Q1, and there’s no shortage of potential landmines. Rising interest rates, the fallout from whatever political circus unfolds next, and let’s not forget those pesky earnings reports that have a habit of disappointing just when you least expect it. With all this swirling, it wouldn’t take much for SPY to take a tumble back into the $580s, especially if the market gets a reality check.
So, what should you do? Well, if you’re feeling a little wary of SPY’s relentless climb, maybe it’s time to consider buying puts. With volatility as high as it is, there’s potential for some serious upside if the market decides to retrace a bit. Plus, you know, better to be a bit cautious than regret not having protection when the tide turns.
In short, SPY might have gotten a bit too cocky after the election results, and with the RSI flashing some red lights, it wouldn’t hurt to hedge your bets. You know, just in case it’s time for a little market correction – back to those sweet, sweet $580s.
It’s a jungle out there, folks – better bring some puts for protection.
Gold Intraday Trading Plan 11/12/2024Gold did drop like hell yesterday without any retracement to higher level. However, it may face a serious support at 2600 which is also 0.382 Fibo level.
I am expecting it drops to 2600 level in Asia session and quickly rise up and form a inverse head and shoulder pattern.
The main scene for today should be retracement
DAX H1 | Rising into swing-high resistanceDAX (GER30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 19,447.05 which is a swing-high resistance that aligns with the 78.6% Fibonacci retracement level.
Stop loss is at 19,593.00 which is a level that sits above a swing-high resistance.
Take profit is at 19,174.20 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level.
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KAVAUSDT Reversal Confirmed!KAVUSDT Technical ANlsysis update
SEED_DONKEYDAN_MARKET_CAP:KAVA price has formed a triangle pattern on the daily chart at the bottom. The price has now broken the triangle resistance line and is trading above the 100 EMA on the daily chart. We can expect a strong bullish move from the current level. A sustained move above this level could signal further upside potential.
In the weekly chart, KAVA price is bouncing from the 2020 support level and trading within a falling wedge pattern
PLTR's Breakout Rally: Scalping & Swing Setup for Nov. 11, 24Palantir (PLTR) has shown a powerful breakout rally, climbing steadily within an upward trend channel on the 1-hour chart. The price action remains bullish, supported by strong volume. However, the stock is nearing the upper boundary of the trend channel, suggesting a potential pause or pullback before continuation.
Price Action Analysis:
Trend Channel:
PLTR is trending upward within a defined channel. The stock is currently approaching the upper trendline near the $59-$60 area, a potential resistance zone.
Watch for a pullback to the mid-channel line around $57-$58, where the 21 EMA provides dynamic support.
Support and Resistance Levels:
Immediate Resistance: $58.88-$60 is the upper trendline resistance. A breakout above could lead to a rapid move toward the next psychological level of $62.50.
Immediate Support: $57-$55 aligns with the mid-channel and EMA support, offering a good area for scalping bounce entries.
Key Level Below: $53.52 is a strong support area to watch for potential dip-buying if the trend breaks down.
Volume and MACD Analysis:
Volume shows healthy buying interest, but keep an eye out for any volume decline on a move higher, which may indicate weakening momentum.
The MACD histogram shows a slight bearish divergence, suggesting a possible consolidation or minor pullback before the next leg up.
Scalping Opportunities:
Long Scalp Entry: Consider entering long near $57 with a tight stop below $56, aiming for a quick push back to $59-$60 resistance.
Short Scalp Entry: If it struggles at $59-$60, a short scalp targeting the $57 support level could offer a quick profit.
Swing Trade Ideas:
A strong breakout and close above $60 could signal a swing trade toward the $62.50 target.
A breakdown below $55 could open the door for a swing trade to the downside, targeting the $53.52 support level.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own due diligence before making trading decisions.
S&P500: Bearish now? MaybeLast Friday I said we might see some retracement today. It didn't happen!
But if price continues to go sideways until market closes, then we have a Daily bearish doji. This is a better reversal candlestick pattern.
However, this just mean we should see some retracement. How much of it remains to be seen. Price needs to break below the 5990 area to see greater retracement.
If it doesn't, then we should see more sideways action for the rest of the week.
For now, I think price is going to chop around the range area.
CHWY has this 39$ potential- 32.87 is a key support area, breaching it and chances of CHWY poking the 39 this month is weak.
- look for 35 call this week with profit target around 36.
- On a monthly time frame this can go to 39, but thats all depend on keeping with this
bullish momentum.
- Resistance are likely around 34.49, 36.72 and 39.56
TON Long Spot Trade (Structure Shift & 21 EMA Reclaim) Market Context: TON has shifted its market structure, reclaiming the 21 EMA as support. This signals a potential upward move, providing a good entry point at current levels.
Trade Setup:
Entry: Enter a trade around $5.00
Take Profit Targets:
First target: $5.92
Second target: $6.84
Third target: $7.83
Stop Loss: Daily close below $4.50
This strategy aims to capitalize on the momentum shift, with tight risk management given the support level reclaim. #TON
Could a USDCHF Pullback Be Coming? Essential Signs to Watch For👀👉 The USDCHF has been showing strong bullish momentum lately—but could it be overextended? A pullback at a critical support level might present a prime entry opportunity. I'm closely monitoring this area for a potential buy setup that aligns with the key criteria discussed in the video. In this breakdown, we'll examine important price action signals and discuss strategies for positioning in the next possible move. *Disclaimer: This analysis is for informational purposes only and not financial advice. 📊
GOLD Will Go Lower! Sell!
Take a look at our analysis for GOLD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2,664.030.
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 2,633.716 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!
BTC Analysis by FrequencyWhat is "Operate the Frequency"?
This way of operating the chart is based on the change in trend, taking the first bottom that is higher than the previous one and connecting them. Thus, being demonstrated on the graph by the white arrows, and thus indicating clear bottoms and tops on the graph.
Thus, the targets for BTC are close to 140K, 175K and 225K.
EyesThis is a coin that we could see take off in this bull run. I wouldn’t put all my money on it but as we see Bitcoin hit new highs, as we’ve seen in the past crypto bull runs we are in for mind blow % in alt coins. Grab bags if you want to diversify so you don’t wake up to the coin you thought about could do well going up 200% in a day. Wait to see a bit of support but looking like a cup and handle.
Good luck and have fun with it