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Uncertain EURUSD, but These Levels are likely ImportantUncertain EURUSD, but These Levels are likely Important Dear Esteemed Members, I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors. As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently experiencing a downtrend. Examination of the four-hour chart reveals that the pair remains below both the 50- and 100-hour exponential moving averages in a downward trajectory. The relative strength index (RSI) is also bearish, dipping below 40, reinforcing the prevailing bearish sentiment. Immediate support is identified at the 1.0920 level (200-hour exponential moving average), followed by the 1.0880 level (lower boundary of the rising regression trend channel) and the 1.0850 level (Fibonacci retracement of the latest rise). Conversely, potential resistance levels for the EUR/USD are at the 1.0970 level (100-hour exponential moving average), the psychological and static level at 1.1000, and the 1.1050 level (midpoint of the rising channel). In addition to technical factors, fundamental influences shape the EUR/USD exchange rate in the coming days. Attention focuses on the upcoming United States December labor market report, encompassing non-farm payroll (NFP) changes, average hourly earnings growth, and the unemployment rate. Market expectations project a 170,000 increase in NFP, a decrease from the 199,000 recorded in November. A higher-than-expected NFP could bolster the US dollar, exerting downward pressure on the EUR/USD exchange rate. Conversely, a lower-than-expected NFP may weaken the US dollar and elevate the EUR/USD exchange rate. Kind Regards, Ely
by Elysian_Mind
Bitcoin(BTC): Shorting Towards $32-34K Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe. This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
DAX - those EMAs last intersected on November 6thHello Traders, Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high. The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these two averages crossed was on November 6th, and today they intersect again for the first time since that period. Could this signal a weakening of the trend or even a reversal? Currently, I expect consolidation at these levels as the market seeks acceptance. However, in my opinion, the key will be the 16600 level. If it is positively accepted and the price bounces off from it upwards, I would anticipate a natural continuation of the upward trend. Conversely, if the price breaks through this average at the 16600 level and is accepted from below, a reversal of the trend downwards is likely. In this scenario, I would consider short positions in the range of 15774 to 15352.
EUREX:FDAX1!
by Vezzeris
Bitcoin(BTC): Struggle To Break $45K - Good Moment To DCA!For the last 21 days, the price of BTC has been held back by that major resistance zone at $45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance. With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins). We are still seeing a nice breakdown happen to reclaim those major liquidity zones at $34K and $26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
TSLA's Fight the Falling Resistance 🧠 Rejection or BreakoutDear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both sides have a significant chance because the pattern is usually bearish, but TSLA reclaimed the EMAs in a convincing manner. I've got a short, but I opened it above the resistance. So, I can close it in profit at the resistance. I wouldn't open a new short until I see the price action around the trendline. The white arrows mark the scenarios I mentioned. I also placed two positions on the chart that one could make depending on TSLA's behavior around the falling level. Disclaimer: It's not an investment advice. My analytics serve only entertainment purposes. Do your research. Historic results don't guarantee future outcomes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators. News Trading - Natural Language Processing ☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions. ☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales. ☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future. ☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks. ☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power. Technical Indicators MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal. Disclaimer It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
4
Integrated Analytics 💲 Unveil Dollar TrendsIntegrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's support. Multiple scenarios may unfold, with DXY rallying to the 104.27 resistance or continuing a bearish trend if the support breaks. News Trading Strategies, aided by AI's Neural Language Processing bots, align with recent reports: Dollar weakens as Fed rate cut view weighs: DXY fell 0.2% to 103.20, anticipating a monthly loss exceeding 3%, attributed to expected Federal Reserve rate cuts. Crack in US dollar strength to spread as economy slows: FX strategists foresee continued dollar weakening amid a slowing US economy, reflecting global concerns (Reuters, Nov 8, 2023). U.S. Dollar Index weakens post 20-year high: A decline of over 8% from its September peak is attributed to factors like a stronger euro and a sluggish US economy (Axios, Dec 9, 2023). These align with sentiment analytics (DSI/DSIE), emphasizing a holistic approach merging AI with news and sentiment tools for enhanced insights. Disclaimer: Not investment advice; analytics for entertainment. Keep speculation separate from investments. Best regards, Ely
TVC:DXYShort
by Elysian_Mind
Factors Contributing to the EUR's Decline Against the USDDear Esteemed TradingView Members, Environment In recent months, the Euro (EUR) has experienced a notable depreciation against the US Dollar (USD), reaching parity for the first time in two decades. This decline can be attributed to a confluence of factors, including: Economic Disparities: The ongoing economic challenges in Europe, particularly the energy crisis and the escalating war in Ukraine, have dampened investor confidence in the region's economic outlook. This has led to increased demand for the USD as a safe haven asset. Monetary Policy Divergence: The European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors. Technical Breakdown : The EURUSD pair has broken through significant technical support levels, signaling a potential shift in market sentiment. This technical breakdown has accelerated the EUR's downward trajectory. Political Uncertainties: Ongoing political uncertainties in Europe, such as the upcoming Italian elections and the potential for renewed tensions between Russia and the West, have further weighed on the EUR. These factors have collectively contributed to the EUR's recent decline against the USD. While the EUR's depreciation may pose challenges for European exporters, it could also benefit European tourism and make European goods more competitive in international markets. The future direction of the EURUSD pair will depend on the evolving economic landscape and monetary policy decisions in both the eurozone and the United States. Technicals The bottom chart shows strong bullish candle on DXY today. Furthermore, the EUR price was overbought compared to EMAs see the top chart, where price has been highly above all the visible EMAs, and the RSI printed a bearish cross on the middle pane. EUR could fall to at least an EMA20 retest, which is around the upper blue line. Persisting bearishness could find the next support at the bottom blue line. These blue lines are historic supports, which could stop or reverse bearish progress. Disclaimer: This is not investment advice. Conduct your own research. This publication explains only one aspect of my approach, not my comprehensive strategy. The idea focuses on observations around the price action; reading the indicator descriptions is recommended for understanding of the calculations. Kind regards, Ely
Short
by Elysian_Mind
2
RNDR/USDT - Possible Head & Shoulder Pattern? We've spotted what appears to be a head and shoulders pattern forming, which is generally considered a bearish signal. The right shoulder is currently in formation, and we're closely watching this neckline. If the price breaks down through this neckline convincingly, it could confirm the pattern, suggesting a potential drop towards the major target zone highlighted in yellow. It's key for us to observe the price behavior near this neckline. A bounce from here might delay the bearish forecast, but if we're seeing consistent lower highs forming on the right shoulder, then it shows us some downward movement. We're looking for a solid closure below the neckline to consider any bearish positions seriously. But meanwhile, we shared a few possible setups that can happen on the RNDR coin in the next week or two. Swallow Team
RShort
by SwallowAcademy
📊 Bitcoin's Tight Range: Preparing for a Breakout 📊Bitcoin, the flagship cryptocurrency, has been caught in a narrow range lately, oscillating between the SMA 100 and SMA 200 on the charts. This tight consolidation phase has traders and investors on the edge of their seats, anticipating a potential breakout. Let's explore what this could mean for the world's most prominent digital asset. The Narrow Range Dilemma: Bitcoin's price has been tightly bound within the range defined by the SMA 100 (Simple Moving Average over 100 periods) and the SMA 200 (Simple Moving Average over 200 periods). Such consolidation is often a prelude to a significant price move, and traders are keenly monitoring the situation. Awaiting the Breakout: While Bitcoin's price action within this range might feel constricting, it's an integral part of its market cycle. Traders are looking for a breakout, which could potentially set the direction for the cryptocurrency's next big move. Significance of SMAs: The SMA 100 and SMA 200 are key moving averages used to identify trends and potential reversals. Crossovers or price action around these levels can provide essential trading signals. Predicting the Unpredictable: Predicting the direction of the breakout is a challenge. It could be either bullish or bearish. Traders are advised to have a risk management plan in place to protect against unexpected market moves. Trading Strategy: Preparing for Volatility Traders can set price alerts or use technical analysis tools to be alerted when the breakout occurs. Being prepared for sudden market volatility is vital when positioning for a potential breakout. Conclusion: Bitcoin's Quiet Storm Bitcoin's tight range is reminiscent of the calm before a storm. While it's uncertain which direction the market will take, it's crucial for traders and investors to be ready. Whether it's a bullish surge or a bearish dip, Bitcoin's journey continues to captivate the crypto community. As Bitcoin teeters on the brink of a breakout, keep a close eye on your strategies and adapt as needed. The cryptocurrency market is filled with surprises, and staying informed and agile is key to success. 🚀📈🌐 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments! 💚🚀💚
by Yaroslav_Krasko
Fetch.ai (FET) Price Dips in September – October's Direction UncThe price of Fetch.ai (FET) saw a decline following its failure to breach the $0.27 resistance zone on September 3rd, initiating a bearish trend. The situation remains precarious, as failure to secure a close above the $0.23-$0.24 Fib resistance range could signal the continuation of the bearish trend, potentially leading to a significant drop. Approaching the Ascending Support Trendline Since its rejection from the $0.27 resistance area on September 3rd, Fetch.ai (FET) has experienced a downward trajectory. However, it’s not all bad news. FET's price has been following an ascending support trendline since June 2022. Recent validations of this trendline occurred on August 17th and 22nd. These instances were marked by long lower wicks, which indicates buying pressure. The pace of increase accelerated after the last validation, propelling the FET price to $0.27 on September 3rd. However, it failed to breach this resistance level, which has persisted since May, resulting in the ongoing downward movement. In order for FET to commence a new bull run, it will need to surpass the 100 Exponential Moving Average. The 100 EMA acts as a mobile support and resistance. Currently, the 100 EMA is above the price, therefore the indicator works as a resistance. Williams %R is another indicator that we should look at. The Williams %R is a momentum oscillator that gauges the market. If the indicator is below -80, it means FET is oversold and expected to bounce back. If it is above -20, it is overbought and expected to fall back again. Currently Williams %R is approaching oversold levels, which coincides well with the ascending support trendline. Looking Ahead: FET is approaching an ascending support line, and the Williams %R is approaching oversold levels, which make a rebound on the table. However, for a rebound to take place, the price needs to break above the 100 EMA first.
by cryptohopper
Bitcoin Weekly Analysis- Sell Signal Below Resistance Trend Line - Squeeze between EMA 144 and 233 - RSI Picking Up - MACD Neutral/Descending Looking back to 2020 we can see a similar pattern. What this mean?!?.... Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000 region. It was like this throughout September, squeeze between the two EMAs. We will definitely have a lot of volatility this month and perhaps until the end of the year.
INDEX:BTCUSD
by sailortrades
EMA 200 Support : Bullish Signal 🚀📈📊 The EMA 200 Line: Imagine the EMA 200 as a historical trail, highlighting the average price over the past 200 days. It's like a long-term perspective on Bitcoin's performance, smoothing out short-term fluctuations. ⏳ The Prolonged Stay: Looking back, we find that Bitcoin spent a whopping 280 days beneath the EMA 200. This period reflects a phase of prolonged consolidation, indicating a more neutral market sentiment. 🚀 The Bullish Breakout: What's captivating is the moments when Bitcoin managed to break above the EMA 200 after such a prolonged stay. These breakouts often signaled the dawn of a bullish trend, igniting excitement among investors. 📈 A Signal of Potential: The EMA 200 breakout holds significance because it reflects a shift from consolidation to potential growth. It's like breaking through a ceiling, paving the way for upward momentum. 💡 Insight for Investors: While the EMA 200 isn't a crystal ball, it's a tool that savvy traders keep an eye on. A breakout above this line might indicate a potential shift in market sentiment and a new chapter in Bitcoin's journey. So, what's the bottom line with the EMA 200 and Bitcoin's story? 🚀 It's about recognizing patterns that history unveils. The EMA 200 breakout often hints at a potential shift from stagnation to a more bullish terrain. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
Bitcoins weekly EMA'sWhen looking at bitcoins weekly EMA's we have a few interesting things develop. First,we have the 20 EMA crossing under the 200 EMA, coincidentally, its also the first time the 50 EMA has crossed under the 200 EMA. ( side note , the 100 has never crossed under the 200 and i dont expect it to this bear cycle.) To me both of these occurrences mark the bottom especially when looking at the longer time frames. The price rarely wants to stay under the 200 Weekly EMA which we're currently testing at around 25668. in the coming weeks i foresee the 20 crossing back above the longer time frames and we rally towards 35k to 42k before retesting 28.8 k as support.
BITSTAMP:BTCUSDLong
by riskit101