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ETHEREUM // short ideaThe correction is still valid, and this is a risky bet, but if the price breaks below this M15 breakout significantly, the market my revisit the recent valley. ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
COINBASE:ETHUSDShort
by TheMarketFlow
DAX // possible start of the correctionThe market has reached the daily target fibo 200 and broke the H4 structure by breaking below the H4 impulse base. If H4 makes a new low before making a new high, the countertrend becomes valid. ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
PEPPERSTONE:GER40
by TheMarketFlow
Dogegov ($DOGEGOV): Another 100% + returnI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. ---SEE MY PREVIOUS ANALYS ON PREVIOUS ENTRY--- Dogegov ( KUCOIN:DOGEGOVUSDT ): Awaiting Optimal Entry Amidst Recent Developments Trade Setup: - Entry Price: $0.12455 (Pending Activation) - Stop-Loss: $0.08754 - Take-Profit Targets: - TP1: $0.27494 - TP2: $1.01000 Current Price: $0.23538 Recent Developments: - Department of Government Efficiency ( KUCOIN:DOGEGOVUSDT ): President-elect Donald Trump has announced the formation of the Department of Government Efficiency, abbreviated as DOGE, to be led by Elon Musk and Vivek Ramaswamy. This initiative aims to streamline government operations and reduce wasteful expenditures. - Market Reaction: Following the announcement, Dogecoin's value has surged, reflecting increased investor interest and market optimism. Technical Analysis: - Support Levels: Immediate support is observed around $0.20000, with stronger support near the anticipated entry price of $0.12455. - Resistance Levels: Key resistance is identified at $0.30000, aligning with TP1, and a significant psychological barrier at $1.00000, just below TP2. - Moving Averages: The 50-day EMA is trending upwards, indicating sustained bullish momentum. - Relative Strength Index (RSI): Currently at 70, suggesting overbought conditions; a potential pullback to the entry price is plausible. Market Sentiment: The convergence of cryptocurrency culture with political developments has heightened interest in $DOGEGOV. The symbolic association with the Department of Government Efficiency has attracted both crypto enthusiasts and mainstream investors, contributing to increased trading volumes and positive sentiment. Risk Management: The proposed stop-loss at $0.08754 limits downside risk to approximately 30% from the entry point. TP1 offers a potential gain of 121%, while TP2 presents an opportunity for a 711% return, indicating a favorable risk-to-reward ratio for this trade setup. Conclusion: The intersection of recent political announcements and the cryptocurrency market has created a unique opportunity with $KUCOIN:DOGEGOVUSDT. Awaiting a retracement to the entry price of $0.12455 could provide an advantageous position to capitalize on potential upward movements, supported by current market sentiment and technical indicators. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.*
Long
by SiriusTrading
20
EURUSD Is Trading At Strong Support While Finishing A CorrectionEURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that pair can stabilize still some time this month, ideally after the completion of an ending diagonal around important and golden 61,8% Fibonacci retracement. Even RSI is showing a divergence. A bounce in impulse back above 1.0435 will suggest that low is forming.
Long
by ew-forecast
Amazon Stock Analysis: Navigating the Path Between E-Commerce Amazon Stock Analysis: Navigating the Path Between E-Commerce Strength and Market Volatility Introduction Hello, traders and investors! It’s Denis Mikheev from TheWaved™, here to deliver an in-depth analysis of Amazon’s stock (NASDAQ: AMZN). With the help of our premium tools and techniques, we’re diving deep into technical, VSA, and fundamental analysis to uncover the best strategies for the upcoming market movements. Let’s break down what’s happening with AMZN and set clear targets for trading this powerhouse of e-commerce. Recent Performance and Market Context Amazon’s current price sits at $219.27, with a noticeable decline from its 2024 absolute high of $233​. This 5.89% drop aligns with recent sell-offs driven by macroeconomic headwinds and profit-taking from the December highs. The stock is trading in a consolidation phase, sitting between strong support zones at $214.99 and $209.11 and resistance levels at $223 and $228​​. With the broader NASDAQ index displaying mixed momentum, Amazon remains a critical stock to watch. Support Levels: - 1. 214.99 2. 209.11 3. 198.78 4. 182.62 5. 177.95 Resistance Levels: - 1. 214.99 2. 209.11 3. 198.78 4. 182.62 5. 177.95 Powerful Resistance Levels: - 1. 180.095 2. 151.49 3. 116.04 4. 87.57 Technical Analysis: Key Levels and Trends Support Levels: 214.99, 209.11, 198.78 Resistance Levels: 223.00, 228.00, 233.00 Key Moving Averages: - MA50 (Hourly): 220.01 - MA200 (Hourly): 223.16 RSI Insights: The RSI-14 currently reads 52.91, indicating a neutral market condition but leaning towards bullish potential on strong volume signals​. These technical indicators suggest price consolidation, but with bullish potential as the RSI edges upward and MA200 looms as a key dynamic resistance level. Volume Spread Analysis (VSA): Detecting Market Intentions Analyzing VSA patterns from recent trading sessions reveals mixed signals. A notable “Buy Volumes Take Over” pattern on January 10 suggested short-term buying strength, but was quickly followed by a reversal due to increased sell volumes​​. This signals that smart money may be accumulating positions before a larger move. Price Action and Patterns On January 6, a strong “Buy Volumes Max” pattern indicated bullish intentions, but resistance at $228.23 capped further growth. On January 7, a “VSA Sell Pattern 3rd” hinted at a bearish reversal, driving prices back to support levels​. Key takeaway: The interaction between support at $214.99 and resistance at $223 will be pivotal in determining the next directional breakout. Fundamental Factors to Watch Amazon’s fundamentals remain strong, with steady revenue growth driven by AWS (cloud services) and robust e-commerce performance during the holiday season. However, rising interest rates and inflationary pressures continue to dampen consumer spending and could act as a headwind. Trading Plan: Targets and Stop-Loss Levels Based on the current setup, here’s a practical trading roadmap: Short-Term Bullish Scenario: Entry: Above $223 after confirmation of a breakout. Targets: $228, $233. Stop-Loss: $220. Bearish Alternative: Entry: Below $214 with strong bearish candles. Targets: $209, $198.78. Stop-Loss: $217. Forecast: Where Are We Headed? In the short term, Amazon is poised for a potential bullish breakout if it clears resistance at $223. However, caution is warranted if macroeconomic conditions shift. Our long-term view remains cautiously optimistic, with a forecast targeting $240+ by Q2 2025 as the broader market stabilizes. Conclusion and Call to Action This analysis is powered by TheWaved™, utilizing advanced tools and methodologies. If you have any questions or want a deeper dive into our methods, feel free to reach out via direct messages. Remember, all the professional indicators and insights are available in the profile header. Follow for more ideas, and let’s trade smarter, not harder! Concept of Rays Explanation of the "Rays from the Beginning of Movement" Concept Core Idea My proprietary analysis method is based on using rays constructed on Fibonacci mathematical and geometric principles. These rays create a system of dynamic levels that help predict precise asset movements and identify key zones where price interactions occur. Price interaction with these rays signals probable scenarios: either a reversal or a continuation of movement, but only after interaction and the appearance of dynamic factors and patterns. Why Predicting Specific Levels is Not Possible Financial markets are nonlinear systems, where price movement is determined by numerous variables, including market volumes, liquidity, macroeconomic factors, and participant psychology. Instead of attempting to predict specific levels, I propose analyzing probabilities of price reaction at pre-calculated key zones. Price interaction with rays provides additional insights into the direction and strength of movement. Stay sharp, trade safe, and may the markets favor your strategy!
NASDAQ:AMZN
by brandlabelden
Tesla Is Driving Bitcoin Price HigherWe talked about a strong positive correlation between Tesla and Bitcoin in the past and now that Tesla is extending strongly higher, Bitcoin is following, of course. Both of them slowed down recently, but notice that Tesla made only a three-wave ABC corrective decline in wave (4) that can now resume its bullish trend for wave (5), so Bitcoin could follow sooner or later. Basic Impulsive Bullish Pattern should be made by five waves. It shows that Tesla and Bitcoin could be trading in wave (4) correction before a continuation higher for wave (5).
NASDAQ:TSLALong
by ew-forecast
3
JP Morgan (JPM): Correction on the HorizonJP Morgan ( NYSE:JPM ) is back on our radar as the upcoming earnings season begins, with the banking sector leading the reports. We’ve analyzed JP Morgan before, and the current setup offers intriguing opportunities. Since 2023, the stock has maintained a steady upward trend that continues into 2024. Currently, NYSE:JPM appears to be in sub-wave ((iii)) within the larger wave (3) or possibly wave 5. However, we anticipate that sub-wave ((iv)) correction is yet to occur, aligning with the broader structural narrative of the chart. Presently, the stock is trading near a critical trendline originating from the top of sub-wave ((i)). This trendline, which has shifted from resistance to support after multiple touchpoints, now risks being broken. Should it fail, the price could fall from its current level of $243 into a range between $204 and $173. A drop to $173 would represent the maximum correction in our view, while a more realistic pullback would fall within the $204 to $188 range. On the bullish side, the wave 5 could push up to approximately $260, a modest increase from the current price. This scenario fits within the Elliott Wave framework, anticipating a wave ((iv)) correction before the final upward moves to complete wave 5 and the larger wave (3).
NYSE:JPM
by freeguy_by_wmc
"Market Corrections Ahead of the Presidential Inauguration."Corrections are a part of the stock market, signaling moments of weakness and opportunity. Here's a breakdown of the current market decline levels, ranging from the recent 5% pullback to the potential 20% drop that defines a bear market. These are the levels that I will be watching to let me know the momentum of this current shorter term downtrend. Historical Context: Over the past 50 years: 5-10% declines occur about 3-4 times per year on average. 10-20% corrections happen roughly every 2-3 years. Full bear markets (20%+ declines) are rarer but significant, averaging one every 6-8 years. This chart visualizes the current levels, helping traders and investors understand where we stand in historical context and where the market could potentially head. Always remember that as hard as some corrections and declines can be, they all create buying opportunities for long term investors.
AMEX:SPY
by IgniteWealthBuilders
PLTR: Will have to retest new supportWe have certainly over extended (I'm proud to say as a PLTR investor who has remained in the stock since IPO). Let us be reasonable in the short term, and look forward to a potential correction/buying opportunity. If you're long but have been hesitant about acquiring some shares, we all may have the opportunity to load up. Now that $45 has been breached, there hasn't yet been a clear retest of that price range which is now support. I feel as though the overall market will continue to look for reasons to sell in the short term -- which should be healthy going forward. This wouldn't only apply to $NASDAQ:PLTR. The entire market will be on sale. Don't be scurred! I love you, and good luck.
NASDAQ:PLTRShort
by HassiOnTheMoon
Crude oil Is Approaching ResistanceCrude oil is coming higher on 4h time frame, out of a wave B bullish triangle that we have been tracking through December. Well, we know that moves out of a triangle are final in a sequence, so we can expect limited upside, and ideally, this will cause the completion of wave E rally of a larger bearish triangle pattern. It's now approaching an important resistance at 74-75, its gap from mid-October, right at the upper side of a triangle. There is a chance for a turn soon. A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. It’s a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
BLACKBULL:WTIShort
by ew-forecast
CHINA50 // deep into the correctionAfter a huge impulse that turned the monthly chart long, the countertrend is valid on the weekly and the daily. As long as this daily short countertrend is valid, the next targets are the correction fibo levels and the weekly breakouts. The primary long trend resumes above the last clean daily breakdown (green). ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. Level colors: Daily - blue Weekly - purple Monthly - magenta H4 - aqua Long trigger - green Short trigger - red ——— Stay grounded, stay present. 🏄🏼‍♂️ <<please boost 🚀 if you enjoy💚
VANTAGE:CHINA50Short
by TheMarketFlow
Bitcoin Elliott Wave Signals Potential Corrective Phase TargetsLooking at the recent BINANCE:BTCUSDT chart through the lens of Elliott Wave Theory, we can observe a clear and compelling price structure. The market has completed a textbook Impulse Wave pattern (1-5), with Wave 5 reaching a notable peak around 109,000 USDT. This aligns perfectly with Elliott Wave principles, where Wave 5 typically extends beyond the peak of Wave 3, which is exactly what we witnessed. The market has now transitioned into a Corrective Wave pattern (A-B-C). We've already witnessed the completion of Wave A's downward movement, followed by Wave B's characteristic short-term rebound. Currently, price action suggests we're in Wave C, which traditionally implies further downside potential. Particularly noteworthy are the three projected target levels for Wave C: 87,847 USDT 82,270 USDT 66,149 USDT These targets align beautifully with Fibonacci retracement levels, a tool that consistently demonstrates remarkable synergy with Elliott Wave Theory. The lowest target at 66,149 USDT could represent a significant base formation, especially if selling pressure intensifies in response to market conditions. The chart's notation of "Wave(C) OnSet" is significant, indicating we're entering the initial phase of Wave C. This wave could potentially extend to any of the three target levels in the near term. As the price approaches these projected levels, we might see the emergence of a new bullish cycle. I anticipate that if the BTC price drops below 90k, the significance of the Corrective wave (C) across all three levels will become even more pronounced. This could indicate substantial selling pressure, making any potential recovery in the upcoming period more challenging. However, prudent analysis requires careful attention to support level confirmations and corresponding trading volumes at each target. In practical trading scenarios, price movement doesn't always reach the lowest projected targets. Wave C might be truncated, or conversely, could extend beyond our projections. This underscores the importance of incorporating additional technical analysis tools to form a comprehensive trading strategy. This wave structure presents an intriguing setup, and it will be fascinating to observe how price action develops in relation to these projections. Remember that successful trading requires a holistic approach, combining wave analysis with other technical indicators and careful risk management.
by hapharmonic
1
ETHEREUM (ETH) // The daily structure broke with one impulse, and the correction of this impulse couldn't change to a primary trend expansion. Yet... This is the daily chart with the structure break: If is stays like this (so, the new daily impulse base will stand), and the waves start to build south, the short countertrend's expansion phase will be a nice opportunity to ride the corrective impulse down to the correction fibo 38.2. If this daily impulse base is taken back by the buyers (on the daily), the primary long trend resumes. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
COINBASE:ETHUSDShort
by TheMarketFlow
EIGEN TREND CORRCTION CHANNEL (UPDATE)so in the analysis i made few days ago (or yesterday idk) on BINANCE:EIGENUSDT we we had a channel that wad broken from below and you could"ve opened your position from the channel brakeout or the grenn line i specified though to be honest channel brakeout candle was too big only time frame you could have opened postion was 15 and in my opinion it was too risky with current status of the market but with the green line it was a lot safer to open your position and even better and smaller SL if you managed to open a position on BINANCE:EIGENUSDT i would suggest to close it fully or saving your profits yeah that"s IT i would really be thankful of any of you that supports me if the support is enough i would be more productive thanks to all of you 😘
by kanaroio
1
Crude Oil Outlook: Key Levels Shape the Path AheadHello Traders, Trust you are doing great. Please take some moment to go through my analysis of USOIL and share your thoughts. Overview USOIL is currently trading at 70.08, with mixed trends across timeframes. On the H4 chart, the pair remains bullish, recovering from a recent correction. Meanwhile, the H1 chart shows a bearish trend in a corrective phase, with resistance emerging in the 70.19–70.90 region. Idea An impulsive rally from 67.045 on December 5th corrected to the 0.5 Fibonacci retracement level at 68.78 on December 13th, where support was established. This led to a bounce toward 70.19-70.21, which now acts as resistance. If this resistance holds, a downward move is expected, targeting 67.70 and 67.08, areas where a bullish bounce may likely occur. The short-term bias remains bearish unless price breaches the Friday high of 71.38, which would shift focus to the 71.66–72.21 zone as a potential turning point. Conclusion In the short term, the bearish outlook is dominant, with 71.38 as the key invalidation level and a stop-loss reference. A break below 69.65 would add confidence to the bearish scenario, while any move above 71.38 could signal further upside, targeting the 71.66–72.21 zone for a potential reversal. Cheers! Merry Christmas and Happy New Year in advance.
TVC:USOILShort
by Samuel124
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity, I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this) my simple trade idea : green is path of 4 years ago, blue is path of last year first TP will be at 120k & 144K see you in 3 weeks not financial advice cheers
COINBASE:BTCUSDLong
by Investwine