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PORTAL 1D. 3 Simple Orders to Catch the Portal Wave. 12/10/24Portal (PORTAL) is revolutionizing the gaming landscape by creating a Web3 distribution platform that bridges the gap between games and gamers across multiple blockchain networks. This innovative platform features Portal Pay, a cross-chain liquidity layer that enables users to pay with any tokens while allowing merchants to receive their preferred tokens. All fees generated by Portal Pay are used to purchase PORTAL, seamlessly integrating economic incentives into the ecosystem. The project is promising, and the current correction provides an excellent investment opportunity. Consider using three limit orders to buy: $0.4200, $0.3600, $0.3000. Targets: $0.8272 $1.5517 $2.1411 What you decide to do, however, is entirely up to you. DYOR.
Long
by trendbooster
2024-12-09 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Weekly outlook on point. 20506 was the max and we have seen the start of profit taking today. I expect 20200 to be hit tomorrow or Wednesday but it will be a choppy way to get there. We have an ugly head & shoulders on the 30m/1h tf and the measured move goes to around 20200. Close is always close enough. It’s possible that we retest 20500 before another leg down, so don’t short the lows, unless there is a clear and strong break below. dax futures comment: Clear trading range 20300 - 20500 until we strongly break above or below. Bears closed at the lows, which is good for them and fits with my weekly outlook. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case: As long as bulls keep it above 20300, they are good. They want to keep the market in a tight trading range near the ath. That’s about it. Got no higher targets for you. 20500 is beyond insane but we can go higher if we see another Santa rally after the pullback. Invalidation is below 20280ish. bear case: Bears want to print lower highs and trap late bulls. If they strongly break below 20300 tomorrow, we could see some acceleration to bigger support. The poor structure between 19700 and 20300 is one giant spike that wants to be filled. For now I take it level by level. 20300 and then see if we can do 20200 and 20000 after. Invalidation is above 20520. short term: No bigger interest in shorting now lows but rather pullbacks, as long as we make lower highs. 20200 is my first target and if we go above 20400 again, I would only short 20500 again or on really strong momentum. medium-long term - Update from 2024-12-02: 20000 hit, hope you listened. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your current trading at all. Now it’s about being patient and waiting for the profit taking to start. current swing trade: None trade of the day: 20478 was previous resistance and the open was 20480. Shorting it was the trade of the day.
EUREX:FDXSZ2024
by priceactiontds
2024-12-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Don’t short new lows because this is not a strong bear trend. Wait for pullbacks. I’d be surprised if we hit 6100 tomorrow but I can’t rule it out. My next bear target is 6035 for tomorrow and there is a good chance we print 6000 or lower this week. sp500 e-mini futures comment : Strongest bull bars that late in the trend? Tough. I have two higher targets still. First is the bull trend line to around 6160 and second is a measured move target to 6300. Bears are doing nothing but it’s also unlikely that we just continue higher in this tight of a channel on the daily chart. Market is on it’s last legs up and these windfall profits will get taken off the table before they disappear. You don’t get bullish this late in a trend, you get cautious. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls did not much today to fight it. Profit taking was expected and I can’t see many bulls buying 6035 but rather waiting for 6000. Not much else to I can come up with here. Invalidation is below 6000. bear case: Bears want to test 6000 and the daily 20ema near the bull trend line. 3 Perfect reasons to expect 6000-6030 to be hit tomorrow/Wednesday. I do not expect market to just sell off but rather hurt many traders on both sides first, by chopping back and forth. Perfect for bears would be to stay below 6084. Invalidation is above 6120. short term: Not shorting the lows but looking for shorts on pullbacks. I want to see 6035 and 6000 or lower this week. medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big. current swing trade: Nope trade of the day: Bar 13 - 23 was a good first leg and strong enough to expect some follow through. Bar 35 was a good signal bar and bar 38 should have been your entry bar, once it strongly broke below 6089.
CME_MINI:MES1!
by priceactiontds
CRUDE OIL (WTI): Support & Resistance Analysis Here is my latest structure analysis and important supports and resistances on WTI Oil on a daily. Horizontal Structures Support 1: 65.2 - 66.9 area Resistance 1: 67.7 - 62.2 area Resistance 2: 69.9 - 70.5 area Resistance 3: 71.2 - 71.5 area Resistance 4: 72.2 - 72.9 area Vertical Structures Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
FX:USOILShort
by VasilyTrader
2
WTI recovered slightly, the outlook tilted to the downsideWTI TVC:USOIL increased slightly in the Asian trading session on Monday (December 9), trading around 67.50 USD/barrel. Oil prices fell sharply last Friday, closing near their lowest level, mainly due to expected declines in global demand. However, expectations that the Federal Reserve will cut interest rates in December increased following the release of US nonfarm data. According to CME Group's FedWatch, federal funds rate futures trading points to the possibility of a 25 basis point rate cut by the Federal Reserve. point in December was nearly 90%, which will provide some support for oil prices. Currently, uncertainty about the geopolitical situation increased again at the weekend, making the medium-term recovery of oil prices still not optimistic. In the short term, crude oil traders need to continue to observe whether the pressure brought about by the geopolitical situation on the supply side will support oil prices to continue to recover. Essentially, this week will continue to focus on changes in inventory data and whether demand-side pressures ease. This week, the financial market in general and the crude oil and WTI crude oil trading market in particular will focus on US CPI data. On the daily chart, WTI TVC:USOIL although it recovered slightly in the opening Asian trading session today (December 9), it still has all the technical factors supporting bearish expectations. With the long-term trend being noticed by the price channel followed by the short-term price channel, it has both a long-term and short-term trend of decreasing prices. On the other hand, WTI crude oil is also under main pressure from EMA21 along with the 0.236% Fibonacci retracement level. In the short term, if WTI crude oil is sold below 65.28USD, there will be a prospect for a new downtrend to open, and the technical point of 68.34USD is the closest resistance currently. The relative strength index also maintained price activity below the 50 level, which should be considered a negative signal for WTI crude oil technically. During the day, the technical outlook for WTI crude oil on the daily chart leans bearish with notable points listed below. Support: 66.44 – 65.28USD Resistance: 68.34 – 69.51USD
TVC:USOILShort
by Xayah_trading
Ending a sideway week, pay attention to CPI dataDuring the Asian trading session on Monday (December 9), OANDA:XAUUSD Spot delivery rose significantly then fell back, with gold prices hitting an intraday high of $2,650.62/ounce on the Asian market. Gold prices have now dropped and are trading at 2,636 USD/ounce. Bloomberg reported that China's central bank increased its gold reserves for the first time in seven months and that the rapid collapse of the Syrian government further undermined stability in the Middle East. These two factors boosted gold prices on Monday but of course it only had a very short-term impact. The People's Bank of China released data on December 7 showing that China's gold reserves at the end of November 2024 were 72.96 million ounces and at the end of October were 72.8 million ounces. As of April this year, China's central bank had increased its gold reserves for 18 consecutive months, helping support rising gold prices. However, the Chinese central bank's purchases (about 5 tons) are relatively small compared to monthly purchases since the beginning of this year. Traders watched developments in Syria over the weekend after President Bashar al-Assad fled as rebels took control of the capital Damascus. The United States struck dozens of Islamic State targets in central Syria on Sunday, as President Joe Biden warned that Assad's fall could lead to a resurgence of Islamic extremism. Analysis of technical prospects for OANDA:XAUUSD Although gold has had a week of stable price fluctuations with mostly sideways accumulation, in general on the daily chart it still moves with the main trend leaning towards the possibility of price decline. With the main trend being noticed by price channel and pressure from EMA21 along with the 0.50% Fibonacci retracement level and horizontal resistance of 2,644USD in the short term. On the other hand, the relative strength index (RSI) is moving sideways below the 50 level, which can be considered a negative signal for gold technically. In the near term, if gold takes its price action below the 0.618% Fibonacci retracement level, it could fall a bit further to $2,606 – $2,600 in the short term. Additionally, a new bearish cycle is likely to be opened once the $2,600 raw price level is broken below, confirmed by price activity below the 0.786% Fibonacci level followed by a target of around $2,538. As long as gold remains within the price channel, below the EMA21 and below the 0.50% Fibonacci retracement, it remains bearish on the daily chart, and the highlights are listed below. Support: 2,606 – 2,600USD Resistance: 2,644 – 2,663USD SELL XAUUSD PRICE 2686 - 2684⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2679 ↨ →Take Profit 2 2674 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSDShort
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 09 - Dec 13]Last week, international OANDA:XAUUSD almost went sideways in a range from 2,613 - 2,657 USD/oz. The US economy created 227,000 jobs in November, slightly surpassing economists' forecasts. At the same time, wages increased faster than expected. However, the unemployment rate increased again to 4.2%. However, these data show that the US labor market has been tending to recover, creating momentum for the FED to consider delaying interest rate cuts in the context of higher inflation, especially is when Mr. Trump is about to take office as President of the United States. Thus, there may not be much room for gold prices to increase because the FED cuts interest rates. Therefore, gold prices will need additional catalysts from geopolitical factors, central banks increasing gold purchases, etc. Short-term gold prices in general and next week's gold prices in particular will still be in a state of tension between concerns about escalating geopolitical tensions and Mr. Trump's strong tariff measures, causing US Treasury bond yields to increase. , creating strength for the USD and limiting the rise in gold prices. 📌Technically, on the H4 chart, we can see that the moving average ema89 is moving sideways, the gold price continues to accumulate sideways in a narrow range. Accordingly, the resistance level to pay attention to is around the 2720 mark, the support level to pay attention to is around the 2535 mark. Gold prices will create a clear trend when breaking through these two resistance levels. Notable technical levels are listed below. Support: 2,600 – 2,606USD Resistance: 2,663 – 2,644USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 BUY XAUUSD PRICE 2534 - 2536⚡️ ↠↠ Stoploss 2530
OANDA:XAUUSD
by Xayah_trading
Bearish drop off pullback resistance?UK100 has reacted off the pivot and could drop to the 50% Fibonacci support. Pivot: 8,376.10 1st Support: 8,189.17 1st Resistance: 8,478.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:UK100Short
by ICmarkets
1
PONKE the Next Big Meme Coin? Potential Gains Await! 12/08/24At certain market phases, smaller coins can yield higher returns than larger ones, as they are capable of significant growth over a short period. One such asset is #PONKE. I always look for meme coins like #PONKE with low market caps and modest prices. For instance, #PONKE has a market cap of approximately $300 million, with its current price sitting at $0.56. This indicates that the coin is still in its growth phase and holds potential for further price increases. Targets: 1 - $1.02648 2 - $1.24404 3 - $1.48259 4 - $2.07540 DYOR.
Long
by trendbooster
XRP 4H. Preparing for a Breakout. 12/08/24Ripple is currently trading sideways, and this consolidation phase is likely to continue for some time. Let me share some insights with you: indicators in technical analysis provide various insights into the market's condition, such as whether it is overheated or oversold. When these indicators deviate significantly from their normal levels (e.g., overbought or oversold conditions), they may generate false signals. Sideways movement helps "reset" these indicators to more normal levels, which is exactly what’s happening now. During a sideways phase, traders buying and selling the asset frequently rotate, preventing significant price movements. This is crucial for analysis, as it may indicate the market is preparing for the next significant move, such as a trend. In summary, periods of no clear trend are essential for the market to allow indicators to normalize and trader rotations to occur, creating the conditions for the next price movements. So, hold and wait. Forecasted movement is shown on the chart. DYOR.
Long
by trendbooster
#202449 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil futures: Neutral af. Two weekly bear bars closing on their lows the past two weeks. Before that we had 12 weeks of most alternating bull/bear weeks. Can you get bearish now for a stronger leg down? I highly doubt it. Market has not had a weekly close below 65.6 for exactly a year. 65.6 is the November low and I expect it to hold. So looking for longs is probably the way to go but bulls only produced one single bull bar in the past 2 weeks. Need more buying pressure before looking for higher targets. I won’t touch it for now. Quote from last week: comment: The most likely outcome was a continuation of the trading range and that’s what we got. Bears are on their way to test 67 again and the market now have formed a head & shoulders pattern like in August where we broke down to make new lows. Most h&s patterns fail and are just continuation patterns. We will likely get the answer to that next week. Anything between 68 and 70 is a dead zone and I will only be interested in longs around 67, if bulls come around again. Shorts do not make sense below 70. comment : Bulls are not doing enough but bears are also barely making new lows. Market is mostly two sided and stuck inside an 8$ range for 2 months. Don’t over analyze it. current market cycle: trading range key levels: 65 - 73 bull case: I won’t make up stuff here. Market has no direction for years now and the range is contracting. Bulls want to stay above 66 and test the upper bear trend line around 70 again. That’s about it. Invalidation is below 66. bear case: Bears are in control but it’s clearly a very weak trending trading range. We are inside nested triangles on higher time frames and selling below 67 has not been profitable for more than an intraday scalp since mid 2023. It hasn’t been profitable to get bearish below 67 for that long, why would you now. Invalidation is above 71.6. outlook last week: short term: Neutral 68 - 70 and I doubt we make lower lows below 66. Even if bears push below, downside is likely limited. → Last Sunday we traded 68 and now we are at 67.2. Good outlook but trading ranges are not rocket science. short term: Neutral 68 - 70 and I doubt we make lower lows below 66. Even if bears push below, downside is likely limited. Can’t change much of last weeks short term outlook, since it’s still valid. Bears have targets below 66 but until they get a daily close below it, we continue sideways. medium-long term - Update from 2024-11-10: Unless an event comes up, this will very likely close around 70 for the year. current swing trade: None chart update: Nothing worth mentioning. Again.
NYMEX:MCL1!
by priceactiontds
#202449 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold futures: Boi does this market blow at the moment. Nested triangles on multiple time frames and that’s as neutral as it gets. I doubt bulls can even get it above 2700 again at this point. 2660 is the midpoint for now and the range is big, so either buy low and sell it inside of it or wait for a bigger breakout. Bulls need something above 2750 and bears below 2560. Huge range. A lot of traders that have bought above 2700 are underwater. The longer this stays below it, the less likely it is to get back up there. Quote from last week: comment: Talk about you can’t time the market. Pretty ducking good call that was from the above outlook last week. Higher low, and lower high. Triangle on the daily, very bullish above and very bearish below. Not rocket science to read this. I do think bulls are slightly favored. comment: I won’t waste much time with this market this week. Clear triangle and market is in total balance around 2660. Wait for the breakout or play the range. My best guess would be that we both see 2600 and 2700 in the next 3 weeks. current market cycle: trading range key levels: 2600 - 2700 bull case: Bulls breakout point is 2750 and that is far away. Buying below 2650 has been profitable the past 2 weeks but bulls could not close one single day above the 20ema. Best to wait until we clearly see a winner here. Daily close above 2700 would be a great start for bulls. Invalidation is below 2630. bear case: Bears need to break 2627 for testing 2600 and then it’s the big bull trend line. If they would somehow manage to break even that, last support is 2568 before we go down to 2500. Invalidation is above 2700. outlook last week: short term: S lightly bullish if we stay above 2630. Max bullish above 2750. → Last Sunday we traded 2681 and now we are at 2659. We stayed above 2630 and went nowhere. Meh outlook. short term: Neutral inside given range. medium-long term - Update from 2024-12-07: No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. current swing trade: None chart update: Removed bullish two-legged move up.
COMEX_MINI:MGC1!
by priceactiontds
PEPE. NEW GROWTH OPPORTUNITIES. 12/04/24PEPE is now available for trading on major cryptocurrency exchanges such as Robinhood, Coinbase, and Upbit, with a pair to the Korean Won (KRW). This is a significant milestone as these large platforms provide PEPE with broader audience access and increased capital flow. Given that PEPE has achieved notable positioning on centralized exchanges (CEX), it is reasonable to anticipate further growth in both value and popularity, especially if Bitcoin continues its upward trajectory, surpassing $100,000, and the cryptocurrency market experiences a bullish cycle. In my opinion, PEPE has the potential to become as prominent and investable as other meme-based cryptocurrencies like DOGE and SHIB. Its viral appeal and meme-driven nature could act as catalysts for accelerated growth. I expect PEPE to surpass SHIB in market capitalization during this cycle, marking a pivotal moment in its development. Furthermore, PEPE could emerge as a competitor to DOGE, intensifying the rivalry among meme cryptocurrencies. Entry range is highlighted on the chart. DYOR.
Long
by trendbooster
#202449 - priceactiontds - weekly update - sp500 e-mini futurestl;dr sp500 e-mini futures: Hard to be bullish after this leg up but the structure is clear. We have two big trend lines running up to 6300 and a measured move target. I’d love to see a deeper pullback to at least 5900 but as of now that’s a pipe dream for the bears. The price is truth and it just screams bullishness. Last pullback was 170 points and that would bring us to 5940, so close enough. Can we really go up to 6300? I don’t know but it would be naive to say that we could not. We made 6100 and that already is the most overvalued the market has ever been. So obviously we can go further up. If we print 5900 on Monday, I would not be surprised one tiny bit but that is just much more unlikely than 6300 at this point. Quote from last week: comment: Bullish bias I had, bullish it was. Again. Market wanted up and it got it. Is this stopping here? Probably not. Look for longs. comment : Chart is clear, do not look for shorts until we see bigger selling pressure. Current structure has a lot of room to the upside, if you like it or not. My tl;dr covered most of it. current market cycle: Bull trend - very late key levels: 6000 - 6300 bull case: Bulls buy it all but it’s climactic. They still see multiple trend lines leading to even higher prices and as long as this keeps going, they keep buying. The first pullback will likely touch the daily 20ema soon and I do not expect it to just slice through it. Bulls buying any small pullback, made money for 3 weeks now, they won’t stop all of a sudden but at some point next week, they need to start taking profits to reduce risk. Invalidation is below 6000. bear case: Same as for dax. Until bears come around much stronger, everything in here is low probability. I would prefer a huge dip down to 5900 before we get another rally up to 6100 or even 6300. Next week will probably be the most important in December. Anything below 5900 would certainly put a huge limitation on targets above 6100. Invalidation is above 5900. outlook last week: short term: Bullish all the way. If market closes below 5900 I would turn neutral and daily close below 5800 would probably be the end of my bullish thesis and I turn bear. → Last Sunday we traded 6051 and now we are at 6099. Good outlook. short term: I won’t put out a bullish outlook after such a climactic rally without any decent pullbacks. You can only go wrong here. Neutral until bears come around and if the rally continues, it will be without me. If bears come around, first target is obviously 6000 and there I expect another bounce before market decides if it wants to go below 6000 or not. medium-long term - Update from 2024-11-24: 6150 and 6500 are my last targets for the bulls before this bubble begins to pop or at least deflate. current swing trade: None chart update: Added a potential two-legged correction for next week but not later (my best guess as of now)
CME_MINI:MES1!
by priceactiontds
#ES_F Day Trading Prep Week 12.08 - 12.13.24Last Week : Last week Sunday Globex opened with a sell from the Edge towards VAH of lower HTF Range but we didn't have enough selling to get back into Previous Value where we have seen acceptance in previous week, instead we held over 6030s and pushed inside the Edge, as noted from last weeks prep to see higher prices we needed to stay around the Edge and hold over 6050s, I was thinking that this 6074 - 54 Edge would keep the price in but instead we were able to hold the Edge, got a failed breakdown from it on Tuesday RTH and a Wednesday Globex push over the Edge which couldn't get back inside during RTH Open, this move put us in new HTF Range and inside 6065 - 6115 Intraday Range. We finished the week with some sells from above VAL area and price holding above the Edge around VAL. This Week : As noted last week price action has changed, Volume has died out and it is really time to tighten things up and lower expectations from moves until we see new change. Going into this week we are inside 6070s - 6200s +/- HTF Range, we have buying over the lower Intraday Range and over HTF Edge, we have selling at VAL and so far attempts to push into above Value are not strong enough to give us a good break and hold over instead they find profit taking on every push. Holding over lower Edge implies stability and price can continue balancing over those areas, we can't expect too much selling from here unless we can get back under lower Intraday Edge and find Volume to get under 6050s, but we also have to be careful on the long side as we are now in distribution at higher prices on lower volume which means buyers don't have to keep chasing price up too much higher just yet. We could see price to continue holding and grinding around this new VAL area with attempts to push into new Value, inside the Value we have to be careful as until we accept inside its Mean and start transacting over it then we could continue seeing the price hold under the Mean and come out of Value towards VAL/under. I would watch for possible balancing in these 6090s - 6120s areas until we show acceptance over/under that would want to continue over the Mean or stay under lower Intraday Edge.
CME_MINI:ES1!
by HollowMn
Bitcoin is going to the Moon PART 2! [S #3 B]How nice, hit all 3 targets from the original post in not even 2 days... NOW FOR PART TWO! I have added a few more targets, TP4, TP5, and TP6. We are currently going up high in altitude and going to be reaching our planet's atmosphere very soon! We should the reach the moon in no time! Bitcoin may dip a bit from the current price but should still make a new ATH. I will be going a bit into what I call my "special indicator" that successfully helped me make the last few recent signals. I call it "MarketAnalyzer FX Alpha 1" and it honestly has been doing a splendid job. It is pointing upwards for Bitcoin, hopefully it won't take too long to hit our next target. Entry: ***USE LOW LEVERAGE IF ANY AT ALL*** $79,200-$80,000 (Original posts entry) If you have not entered yet, new entry could be $86,000-$89,000 TP1: $82,742 ✅ TP2: $85,132 ✅ TP3: $82,742 ✅ TP4: $90,800 TP5: $98,200 TP6: $110,000 For those that have the good entry of $79k-$80k I would move SL to entry. If entering the current entry point, $85,000. ---------------------------------------------------------------------------------------------- ***ALL ANALYSIS, SIGNALS, AND ANY CONTENT IS FOR EDUCATIONAL PURPOSES ONLY AND ARE NOT MEANT TO BE PROFITED OFF.*** ----------------------------------------------------------------------------------------------
Long
by MarketAnalyzerFX
NQ Week of Dec8 Levels and Areas of Interest Part 1 (1d Chart)Daily Chart for NQ this week. Hard to be a bear, but looking hard to be a bull as well. When everyone expects it to trade like a 2016 Trump victory, that's normally when it doesn't. Just saying. Not bearish but cautious for sure. "They" have been sizing out since the end of July / Start of August (check the overnight gains versus us opens) and leaving retail with the bag. FOMO seems to be kicking in everywhere. That's a minor synapses without going far into the macro details, and the sizes being thrown around on dark pools. Anyway, part 2 will have shorter term areas (mostly for bear setups, bounces, dips etc). Anything higher I have to rely on the trendlines since we are essentially in price discovery mode if we keep pushing. Looking for resistance on the top trendlines, and imagine the bottom short term trend line will be easily broken if we have any corrections. Good luck this week, feel free to ask any questions if anyone reads this :)
CME_MINI:NQ1!
by ajx1124
GRT 1D. Bullish Momentum or Pullback? 07/12/24The price is at $0.3316, showing steady growth following a period of consolidation. Resistance levels are becoming critical for the next movement. Key Levels: Limit Buy Levels: $0.32297-$0.28531: Key support zone for pullbacks. $0.24766-$0.19432: Deep correction area with potential for strong rebounds. Resistance: $0.37675: Local zone where a pullback is possible. $0.44220: The main target for bullish momentum. Strategy: A test of $0.37675 is expected, followed by a possible correction to $0.32297. If $0.37675 is breached, growth toward $0.44220 is likely. It’s advisable to place limit orders within the $0.32297-$0.28531 zone to accumulate positions. DYOR.
by trendbooster
1
DODO 4h. Deep Dive into This Token’s Potential. 12/07/24Current Situation: The price is trading at $0.2086, showing a correction after recent growth. There is a local decline in trading volumes, which may indicate weakening selling pressure. Key Levels: Limit Buy Levels: $0.1912-$0.1762: A key zone for accumulating positions. $0.1612-$0.1399: A deep correction area where support is likely. Resistance: $0.2388: The nearest target for a rebound. Strategy: A potential correction to $0.1912-$0.1762 is expected, followed by a rebound to the $0.2388 zone. It’s preferable to plan entries with limit orders at support levels. If $0.2388 is broken, the price may test higher levels. DYOR.
by trendbooster