EUR/USD Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Make no doubt that the Eurodollar has jubilantly bounced above our Inner Currency Rally of 1.070 with an eye on the ensuing Key Res 1.075 and Inner Currency Rally of 1.077. The upcoming pivotal reversal will likely take us down to Mean Sup 1.056 and Key Sup 1.047.
Investing
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 3, 2023Technical Analysis and Outlook:
Rest assured that the cryptocurrency has triumphantly bounced above our completed Inner Coin Rally 35000, indicating a promising upward trend towards Inner Coin Rally 36300 and beyond. However, the intermediate price action is currently posing to move lower towards Mean Sup 33600; it is only a matter of time before it regains momentum and surges higher.
$RRC has a huge potential for the next 3 yearsNYSE:RRC painted rounding bottom on 1w timeframe, as well as it drew a cup with handle on 1h timeframe. It strictly hitting a key levels on all the timeframes and exactly shows readiness for the next ascending steps.
I propose, we will be able to watch a good long till the end of 2023. If it happens, it will mean a clear next investing points for 2024-2026 years.
Everyone, who have enough patience, with a high probability will take achieves.
1 week timeframe:
1 hour timeframe:
Does not constitute a recommendation
#investing #stocks #idea #forecast #furoreggs
$VTBR - expecting one more jump before correctionI think, we will see an extra ascending drive to 0.03 for $MOEX:VTBR.
Finansial market of the field of Banks feels good on the fundament of weak rubble.
It can be a fuel for the jump.
Does not constitute a recommendation.
#investing #stocks #idea #forecast #furoreggs
If you want to discuss, please subscribe and challenge my point of view )
$CVNA - short before upward movementNYSE:CVNA has a good potential in the nearest feature, but it needs for correction.
29-31 is a layers to be ready to buy.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view )
SOLANA LONG IDEA One of the ideas for long SOLUSDT
We are currently at 200 daily MA, below coming 50 daily MA, POC of a huge range, 50 Weekly MA, together with that, bullish divergences are created at 4h and at daily. Everything depends on BTC, but this setup has a good chance
Follow if you are satisfied with my vision, updates of each idea and writing in detail what I see
SPX UPDATE SPX UPDATE
After a strong fall, a correction has come . In order to be convinced that this minor downward trend is over, we must conquer the 10WMA and make a minimum higher high that brings us to 4400.Also Stoch RSI shows positive signs
By holding it, we are leaving the range we have been in for almost a year.
Earnings are still positive, so that added strength.
Tomorrow news to follow : Nonfarm Payrolls and Unemployment Rate
SOLANA UPDATE 2023Solana's Firedancer Testnet Sparks 80% Gain
Solana, often called the "Ethereum killer," has surged by an impressive 80% in the past month, thanks to the launch of its Firedancer testnet – a much-anticipated scaling solution. This surge has rekindled investor optimism in Solana, and its native token, SOL, has seen an 81% price increase in the last month, reaching over $41 on November 2. This recovery is significant, considering that Solana was down 84% from its all-time high. It's now emerging as a strong contender in the crypto space, outpacing even Ethereum in recent gains.
$SOLUSDT - x2 and it should be an intermediate milestoneBYBIT:SOLUSDT is ready to show 200 and more percent in the 2-6 weeks.
Good potential, aligned with the Bitcoin dominance sharing and positive moods of investors.
Further steps depends on the Bitcoin behavior, but aware of the final result - goal is 39 opposite 19-24.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view )
Disney $dis #dis Back in our Buy zone.The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher.
In the bigger picture i still say buyers should be highly considering keeping some shares sub$100 and especially sub $90 for long term holds/investments.
These sub $85 and even better sub $80 positions may someday seem like a GIFT for the future of your portfolio's.
Don't miss out and squander this opportunity.
SP500 - Support and Resistance ZonesI have mentioned these two circled levels earlier and we have now reached the second target (Purple Circle). This is a perfect bounce area for SP500 and may be the bottom of this bear trend we have been in the last months.
We might go down and test the support below but I dont think so. In my chart I posted earlier I mentioned that I thought we would consolidate around the yellow mark before testing ATH. That idea was false and we broke down to this purple area instead. The market is at extreme fear levels and the media very negative.
I believe we will end the year quite positive and start the new uptrend towards ATH around these levels.
Take care.
OIL - Bearish move comingCrude oil prices went up on Friday due to Israel's expansion of ground operations in Gaza. This has raised concerns about the possibility of the conflict spreading in a region responsible for a third of the world's oil production.
Turning our attention to China, we're eagerly awaiting the release of manufacturing and services PMI data for October. Investors are looking for signs that the world's top importer of crude oil, China, is stabilising economically. Market participants are especially interested in assessing whether Beijing's supportive measures have boosted oil demand.
The US Dollar (USD) is facing resistance as market expectations lean towards the likelihood of the US Federal Reserve (Fed) keeping interest rates at 5.5% in the upcoming Wednesday meeting. However, the US Dollar Index (DXY) is showing positive movement after a lukewarm performance during the Asian session, currently hovering around 106.70.
The 10-year US Bond is making a comeback, reaching 4.85% at the moment, which is providing support for the US Dollar. In addition, investors will keep a close eye on key indicators such as the US ADP Employment Change and the ISM Manufacturing PMI for October.
Investors are approaching the upcoming US Federal Reserve policy meeting and China's manufacturing data with caution, which is leading to a drop in crude oil prices. This cautious stance is overshadowing the support that was previously provided by tensions in the Middle East.
Overall, we are bearish but we are anticipating an up move to $88 price before seeing a drop down to $82, from there another potential drop to the $79 prize zone could happen*!? But right now we will be focusing on that up move to $88 and looking to short it from that level, please see chart above for details!
*Potential further drop to $79 price zone (as mentioned above)
S&P 500 Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
In this week's price action, the index bounced back to our expected target Mean Resistance of 4255 but quickly fell to retest our previously completed Inner Index Dip at 4212. It then hit the strategic point of the next Inner Index Dip at 4150 and is currently resting at a Mean Support of 4113. On the downside, the index will likely go further down toward the Inner Index Dip at 4055, followed by Next #1 at 3961 and Next #2 at 3850. All this is just for starters. However, there is a possibility of it bouncing back to Mean Resistance 4156.
EUR/USD Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
As projected, the Eurodollar completed our Inner Currency Rally of 1.070 and retracted to the designated price target Mean Sup 1.053. The intermediate price action suggests the continuation of the Reignited Pivotal Down Move to retest Key Sup 1.047 and completed Outer Currency Dip 1.045 with an extension on the horizon of Next Outer Currency Dip 1.035. Rebound to Mean Res 1.060 is a possibility.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook:
The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.
Can You Explain Your Trading Strategy in 3 Sentences?Can you explain your trading strategy in 3 sentences or less?
Go ahead and give it a try in the comments below.
This is an important exercise for any trader of investor as it demonstrates mastery of an existing strategy. Meaning, if a trader knows their strategy inside and out, and has practiced it or modified it over a period of time, they also can explain it quickly and succinctly.
• Are you a swing trader? What criteria determines a trade?
• Are you a value investor? What metrics do you use?
• Are you an algorithmic trader? What code powers your trading?
All of these questions and more go into explaining your trading strategy, which is ultimately the process you're using to trade markets. However, it's often observed that new traders don't have a strategy. Instead, their trades are impulsive and random. As a community, we can use the comments section below to showcase our individual levels of expertise, helping new traders along the way and watching pro traders innovate.
We look forward to seeing what everyone writes in the comments below.
In addition, the more people who share, the more we can learn.
Be sure to like, follow, and comment on the traders who have the most interesting answers. You may find a great follow and improve your social feed here.
- TradingView Team
ETH - Potential to break up and test 2500Sometimes things move fast. Bitcoin has surged significantly in the past few days, and the cryptocurrency market has followed to some extent. However, the most dominant upward movement is still with Bitcoin when we look at major cryptocurrencies.
A few days ago, I mentioned that I thought Ethereum might go down to a support area. This scenario can still happen if we don't break through the 1800 level in the near future.
But I believe we will break through 1800 and start moving higher, considering the momentum that has entered the market in recent days.
I've been optimistic since the bottom, but in recent weeks, I was also influenced by the negative sentiment circulating in the media. Fortunately, I didn't take any positions based on that. Instead, I saw it as an opportunity because I have a very positive outlook on the market's future.
If ETH breaks through the 2000 level, I see a strong movement toward the 2500 level. This can happen relatively quickly, but Ethereum and other cryptocurrencies always follow Bitcoin with some delay. So it may take a while before this materializes. Timeframes are always challenging to predict, but I can imagine ETH reaching the 2500 level toward the end of the year.