Bullish EURO ScalpThe Euro futures market is showing signs of short-term bullish momentum, supported by a recent uptick in buying pressure. With the Federal Reserve's 0.25% rate cut, market sentiment appears to favor a weaker dollar in the near term, providing an opportunity for scalping long positions.
Looking to capitalize on quick intraday moves, the plan is to buy into minor pullbacks, targeting key resistance levels while maintaining tight stop-loss placements to manage risk effectively. This setup aligns with the broader potential for a short-term recovery amid mixed U.S. economic data.
Fundamental Analysis
DAILY ANALYSIS - XAUUSD (FRI, 8th NOVEMBER 2024)Bias: No Bias
USD News: None
Analysis:
-25bp ratecut imposed during FOMC
-Price closed strong bullish on previous daily
-Looking for BUY/SELL if there's confirmation on lower timeframe
-Pivot point:-
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Pay no attention to the wavy line...Added this nonsense as filler- you know what to do though: we wait till the red resistance zones populate, so we can mentally throw out support zones that don't match the support/resistance channel.
What do you think: is this the channel that holds till Jan 1st 2025?
Because if it is, then we're darn close to >100k in the new year, and possibly reaching MAJOR correction by the inauguration.
$MEW meme coin analysis Hi 👋🏻 it's me your " Raj_crypt0 " ........ ✍🏻
I am going analysis #meme sector coin OKX:MEWUSDT ..... ✍🏻 #DYOR #NFA
nothing to explain in meme coins , it's just gambling coins in my opinion
My accumulation / BUY - $0.011 below
🎯 $0.0375 ( principle trade )
🎯 $0.1951
Stop 🛑 $0.004 below ....... Follow article for future updates 🤠
Altseason is closeLast one before sleep, we’re going into an altseason in only 2-3% dominance change . It wont be very big but it deffo helps alts to breath again and live . In the last ta i gave you two scenarios which the second one took place and here we are at 60% and I’m kinda sure about hitting resistance and pulling back for a while .
Will keep you updated .
Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50.
In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66.
With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target.
Follow on X @The_Trading_Mechanic for more electric insights and market strategies!
NYSE:W
Cake updateDex is a narrative of the bullrun and we haven’t seen it actually or at least it’s intensity so we’re gonna stick to the cakes we accumulated, we have the green box which is the most amazing price if we ever touch again tho it’s unlikely and the tps which the last one is somewhere close to 20 which is my highest guess tho I can’t tell if we go higher or not but i keep you updated in the path .
Stay safe
Sui , the competitorUpdating charts consuming my energy or else i became lazy recently lol , here we have sui in a upward channel with the price close to the top although I’m not completely sure we’re gonna have a retrace from here but just in case i drew super cheap accumulation rectangle in blue for you beloved sharkie lads .first i started accumulation in 0.58 and still holding to see what market will do in the coming months, close to 20$ is my peak bull tp but will update in time .
Stay safe .
Rivian Power Surge!Rivian is gaining bullish momentum, with a gap forming around the $9.00 level. A breakout above the $12.33 resistance would signal continued strength, positioning the stock to reach the $18.91 weekly resistance. This trade offers a strong risk-to-reward ratio, with a stop-loss set at $8.28 to manage downside.
In the longer term, RIVN has the potential to reach $28.06, supported by its growing position in the electric vehicle (EV) market. With rising demand for sustainable transportation and Rivian’s focus on high-performance EVs, the company is well-positioned for future growth. Strategic partnerships, such as those with Amazon for electric delivery vans, enhance Rivian’s revenue prospects and visibility in the market, bolstering its longer-term potential.
This combination of technical momentum and favorable market fundamentals supports a bullish push toward $18.91 in the near term, with $28.06 as a longer-term target.
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NASDAQ:RIVN
XRP Will Jump in Market Cap and Looks Bullish /Targets and PlansBINANCE:XRPUSDT
COINBASE:XRPUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 2x-3x Leverage
SL2 ---> Mid-risk status: 3x-4x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
According to the price trend in the previous alt rally, you can see that XRP and DOGE are at their lowest market value compared to the previous rally.
In the coming days, whenever the price of BTC is increasing or consolidating, while BTC.D starts a downward trend, we can expect the market's top tokens, especially XRP, to start jumping to ATH levels.
The price falling below the yellow area cancels the bullish scenario.
Potential price targets for the levels will be $0.88 and $1.2.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone:
⚡️TP:
0.65
0.88
1.20
1.64
🔴SL:
00.2950
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Breaking the Stretch: LULU Aiming for $355 with MomentumLululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk with a stop-loss at $243.37.
Lululemon’s strong financials and continuous brand expansion, coupled with increased demand in athleisure and lifestyle apparel, further support its upward trajectory. As the company continues to outperform in its market segment, there is a clear path for LULU to hit its $355 target in the near term.
NASDAQ:LULU
Need a lift to the $30 mark? LYFT is here for you!Lyft is gaining bullish momentum, with the potential to fill the bearish gap at the $30.00 level. The stock has shown resilience at the $12.75 support level, and a decisive break could trigger a sustained upward movement. The technical setup suggests a strong buying opportunity as it approaches key support levels, creating a favorable 5.4 risk-reward ratio for traders looking to capitalize on the next breakout.
From a long-term perspective, Lyft also presents a compelling investment opportunity. As the second-largest player in the U.S. ride-hailing market, Lyft continues to benefit from a growing gig economy and rising demand for mobility services. The company’s ongoing focus on improving profitability, optimizing operational costs, and expanding into new revenue streams, such as its growing bike and scooter business, positions it well for sustainable growth.
Additionally, with competitors like Uber focusing on a diversified portfolio, Lyft’s leaner, ride-sharing-centric business model allows it to concentrate on enhancing user experience and driver incentives. In an environment of increasing urban mobility and transportation demand, Lyft’s streamlined approach and its digital-first strategy could lead to market share gains and increased investor confidence.
As it targets higher valuations, Lyft’s improving fundamentals and potential gap fill at $30.00 make it an attractive buy for both momentum traders and long-term investors.
NASDAQ:LYFT
Time to put the Armour on and fill the gap!Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a solid base for recovery, making it a prime entry point for investors.
In addition to this technical setup, Under Armour presents a compelling long-term growth opportunity. The company has been making strategic moves to optimize its operations and focus on higher-margin products, which could fuel margin expansion and profitability. The global activewear market continues to grow, and Under Armour is well-positioned to capture market share, particularly as it strengthens its digital presence and focuses on direct-to-consumer channels. As the company emerges stronger from post-pandemic disruptions, its current valuation provides an attractive entry for both short-term traders targeting the $13.00 level and long-term investors seeking value.
With strong support near the $7.00 range and a clear technical path to $13.00, this makes Under Armour an enticing buy for those seeking both momentum and value.
NYSE:UA
Bearish DXY Trade Idea (High Time Frame)With the U.S. dollar showing signs of a potential high-timeframe trend reversal, a bearish outlook on DXY may be forming as broader macroeconomic factors weigh on the dollar’s strength. The 0.25% rate cut, combined with slightly softer economic data, could erode the dollar's current resilience and encourage further selling pressure.
Gold will fall again after a small upward movementInstrument:
Time Frame: H4 Chart
Observations:
1. A Strong choch was identified after several BOSes
2. That Choch changed the direction of trend from up side to down.
3. Fair Value Gape was also Observed at the place where ChOch formed
4. Gold is going up to fill the fair value gape and it will get instant reversal from P.O.I
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Right Now We put Buy Entries Upto 2735
Strong Selling Zone will be 2735_2740
little above the P.O.I will be our S.L= 2755
the Previous L.L will be our Take Profit= 2642
King Dollar is Back!DXY surged this week, bolstered by strong U.S. economic data.
Durable Goods Orders for July spiked by 9.9%, far exceeding expectations, while Q2 GDP growth was revised up to 3.0%, indicating robust economic activity. The labor market remained stable with Initial Jobless Claims slightly below forecasts and Continuing Claims steady.
On the downside, the housing market showed weakness, with Pending Home Sales dropping by 5.5%, reflecting challenges in that sector. Despite this, the overall data supports a bullish outlook for the dollar.
As we approach the next trading week, key support levels like 101.00-101.50 and last week’s highs will be critical areas to watch for potential long entries.
Bullish Yen Futures Trade IdeaOn the current chart, Yen futures are showing early signs of strength, supported by a weaker dollar environment and potential risk-off sentiment. After consolidating at a key support level, bullish momentum appears to be building, suggesting a possible continuation toward the next resistance zones.
CAT/USDT - A Whale’s Eye on the Next Big Move!We’re keeping a close watch on CAT/USDT, as it’s showing strong potential for a breakout. 🐱💸 With recent consolidation and volume accumulation, this low-priced gem could be on the brink of a substantial move upward.
Entry Point: Around the current level of 0.000460
Stop Loss: Tight risk management at 0.000420 to protect against volatility
Target: A potential run toward 0.000790 or beyond with a favorable risk/reward ratio!
Why This Setup?
Volume Spikes: Recent whale-sized buys have hinted at some heavy accumulation here. When whales start moving, it’s a strong signal that something big may be brewing.
Technical Setup: We’re looking at a nice support bounce off recent lows, setting up for a potentially explosive move.
Community Growth: Let’s capitalize on this moment! Follow the account to stay updated on similar opportunities and join a community that dives deep into finding these hidden gems.
Every like, comment, and follow counts! 🚀 This market is all about being at the right place at the right time – and with the right people. Let’s ride this wave together!
HolderStat | BTC-ETFs felt the inflows of money againCrypto’s Institutional Era Has Begun 💼
Did you know the US might consider buying up to 5% of Bitcoin’s total supply for a national reserve? Meanwhile, pension funds like the one in the UK are already stepping in, allocating 3% of their assets to BTC. This could reshape the entire market landscape.
For the first time, we’re in a bull cycle where institutional giants are not just observing but actively participating. From ETFs to direct investments, their influence is undeniable. This influx of capital might bring unprecedented growth—but also new challenges for retail traders.
Want to stay ahead and learn how to leverage this? Follow us for exclusive insights! 🚀
AirBNB Is A Buy Before EarningsAirBNB will present its quarterly figures tomorrow.
For us, the share is a buy ahead of earnings for the following reasons:
The share is currently trading along its long-term mean, so there are no signs of any exaggeration in the price. The daily and weekly charts also show a hidden bullish divergence in the OBV. We expect the AirBNB share price to rise to the USD 151 to 156 range in the short term, which corresponds to an increase of around 7 to 10 percent.