PENDLEUSDT Long Setup Setting / Spot TradeBINANCE:RDNTUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾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:
7.41
8.08
8.70
9.42
🔴SL:
5.579
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
M-oscillator
$SPY December9, 2024AMEX:SPY December9, 2024
15 Minutes.
As can be seen in chart AMEX:SPY struggling around 608 609 levels.
The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement.
For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement.
Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on reversals.
At the moment AMEX:SPY is converged in 3 moving averages 9,21,50.
We have 100 averages sat 606 levels.
That is my first target for the moment.
Day is still strong, and I have 635-640 as target.
We have 606 as 9 averages in day so that should give good support on a reversal.
Analyzing XRP: Will Technical Analysis and Whale Activity Lead tThis article analyzes the current state of the Ethereum market, focusing on its technical indicators and recent market trends. It discusses the potential for further price increases, highlighting the role of institutional investors and the overall market sentiment.
Key Points:
• Technical Analysis:
o Ethereum's price has formed a triple-top pattern, historically associated with potential downside.
o However, it has also broken above key moving averages and a rising trendline, signaling bullish momentum.
o The MACD indicator suggests a potential upward trend continuation.
• Institutional Demand:
o Increased institutional investment in Ethereum, particularly through ETFs, has contributed to its price rise.
o Grayscale Ethereum Trust (ETHE) has seen significant inflows, indicating growing institutional interest.
• Altcoin Season and Market Sentiment:
o The current altcoin season, characterized by strong performance of altcoins relative to Bitcoin, is favorable for Ethereum.
o The "extreme greed" level on the crypto fear and greed index suggests a risk-on sentiment, which often benefits Ethereum.
• Strong Fundamentals:
o Ethereum's leading position in DeFi, with a large total value locked and active DEX network, provides a solid foundation for its price.
o The dominance of stablecoins on the Ethereum network further strengthens its position.
o
Conclusion:
While the triple-top pattern raises some concerns, the bullish technical indicators, strong institutional demand, and positive market sentiment suggest that Ethereum has the potential for further price increases. However, investors should remain cautious and monitor the market closely for any signs of reversal. A drop below the $3,700 support level could invalidate the bullish outlook.
UMAUSDT Short Setup / Futures TradeBINANCE:UMAUSDT
COINBASE:UMAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾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:
3.66
3.53
3.41
3.29
3.13
🔴SL:
4.195
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Crucial Moment for ETH/BTC- ETH/BTC is approaching the end of a symmetrical triangle formation on the daily chart, which began back in July 2022.
- The CM Williams Vix and Ultimate RSI indicators suggest that the bottom was established in late March 2023.
- Currently, ETH/BTC is testing a significant resistance line that has held strong since July 2017.
Additionally, considering the Bitcoin Dominance nearing a resistance point (see attached analysis below), it wouldn't surprise me if we witness a breakout for ETH/BTC, resulting in a decreasing Bitcoin dominance and Ethereum outperforming BTC at the moment.
I will conduct further analysis below using other timeframes
EURCAD Wave Analysis 6 December 2024
- EURCAD broke resistance zone
- Likely to rise to resistance level 1.5000
EURCAD currency pair recently broke the resistance zone located between the resistance level 1.4865 (which has been reversing the pair from the middle of November) and the 50% Fibonacci correction of the downward impulse wave C.
The breakout of this resistance zone accelerated the active intermediate impulse wave (C).
Given the clear daily uptrend and the strongly bearish CAD sentiment seen today, EURCAD currency pair can be expected to rise toward the next round resistance level 1.5000.
TECS/SSG Potential Long OpportunityTECS/SSG pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
Intel 50% bear market rally** short term study **
** This is not an investment opportunity, a trade only **
Since the 60% correction call (below) the market has oversold extensively leaving gaps behind. Gaps get filled.
On the above daily chart price action has printed strong positive divergence together with a price action resistance breakout.
The Gap is actually the break of market structure on the short idea. Buyers at this level will be a source of exit liquidity for the bear market continuation.
Is it possible price action continues correcting? Sure.
It it probable? No.
Ww
Type: trade
Risk: You decide
Return: 50%
60% correction call
USDCAD Wave Analysis 5 December 2024
- USDCAD reversed from pivotal resistance level 1.4080
- Likely to fall to support level 1.3990
USDCAD currency pair today reversed down from the pivotal resistance level 1.4080 (which has been reversing the pair from the start of November) standing near the upper daily Bollinger Band.
The latest downward reversal from resistance level 1.4080 is the 5th consecutive failed attempt to break above this level – which signals its strength.
USDCAD currency pair can be expected to fall toward the next support level 1.3990 (low of the previous minor correction from the end of last month).
S&P 500 Targets: Continuation of Record-Breaking Gains Amid MacrTechnical Analysis
The S&P 500 cash index, depicted on its daily chart, has extended its record-breaking trajectory by decisively breaching the prior resistance level of 6,031.24. This movement has prolonged the established bullish trend, guiding prices towards a critical resistance level at 6,110.21, corresponding with the 141.40% Fibonacci extension. A continuation of this bullish momentum could see buyers break through this resistance, subsequently targeting higher levels at 6,149.12 and eventually 6,221.99.
Conversely, should sellers regain momentum, initially targeting the key support level at 5,840.49, a confirmed breakdown below this support would signal a potential shift in sentiment.
Key Events to Watch
The weekly jobless claims and U.S. trade balance reports are expected to provide further insights into the resilience of the economy. In addition, all eyes are on the non-farm payrolls report due on Friday, which will be instrumental in assessing the extent to which robust corporate growth has translated into labor market strength.
US 100 Trade LogUS 100 Buy SIgnals
Two potential long opportunities have been identified, but caution is advised due to the possibility of stop runs. The market could easily disrupt both trades, so this requires close observation and adherence to the system. Discretionary judgment will play a role here, but the focus remains on structured analysis.
Trade Setup :
1. Entry Zones : Buy within the 1H Fair Value Gap (FVG) or the 4H Fair Value Gap (FVG).
2. Risk Parameters :
- First Position: 0.5% risk
- Second Position: 1% risk
3. Stop-Loss Size : Fixed at 90 points for both trades.
4. Risk-Reward Ratio (RRR) : 1:2 for both positions.
5. Caution : Be wary of potential stop hunts in these volatile zones. Monitor closely for signs of market manipulation or sudden reversals.
I am also weary of the strong divergences on both the MACD and the CVD. So be careful with risk assessment today.
The #1 Explaination Of What Short Selling IsYesterday was more like a movie as
I began to reflect on the days when I did
not understand capital markets
-
The time I would have given up on myself
and not known the power of understanding how
to trade the capital markets.
Sadly the capital markets are very
hard to understand but with a lot
of patience, you will know them
Today I want to show you how
to short sell.
And to show you that
You don't need to fear short-selling
its just that I prefer to accumulate
not distribute
If you are a beginner you may not
understand this
but as a trader, you have to choose
One side...think of short sellers
like the away team, and long buyers
as the home team
In order to play the capital markets you
have to choose your team
and stick to it
Because this will
give you a better understanding of the
capital markets
Now look at this price action
the price is overbought
meaning there are a lot
Of sellers, because the stock
of the product is too much
hence they have to sell at
a discount price.
Because of this, the buyer is forced
to buy insurance on his losses
to cover the cost of inventory
does this make sense?
You are selling insurance to the buyer
so that he can cover his cost
to buy more inventory
inventory is an expense
so the buyer is not making a
cash profit on this trade
instead, he is making a loss
with the plan to sell the inventory
at a higher price in the future
to cover this loss.You on the other
hand as a short seller
you are making cash profit
Because your insurance contract
price has increased
Look again at this chart CAPITALCOM:EURUSD
the price on the stochastic
RSI is overbought
That means the buyer has to
much inventory
and he needs to
insure it against damage.
Your role as a short seller
is to sell him insurance.
Explaining short selling
can be a challenge but to cut the
long story "short"
You are selling insurance on the inventory
that the buyer holds.
If you short-sell this Forex pair
remember
to not use more
than x5 margin and take at least 20%
profit.
Also note that this week
is the unemployment rate FRED:UNRATE
will be announced in the news on friday
Which in my opinion is a huge catalyst
for this currency pair CAPITALCOM:EURUSD
Trade safe
full disclosure am not participating
in this trade.
Also this chart reminds me
of the rocket booster strategy
from the short side:
1.Price has to be below the 50 SMA
2.Price has to be below the 200 SMA
3.Price should gap down.
check out the references below
to learn more about this strategy
about the rocket booster
strategy
Rocket boost this content
to learn more
Disclaimer: Trading is risky
please learn risk management
and profit-taking strategies.
Also feel free to use a simulation
trading account before
you trade with real money.
$SPY December 5, 2024AMEX:SPY December 5, 2024
15 Minutes
60 Minutes
Gaps not getting filled.
Very strong uptrend.
Being a moving average and Fib trader i do not have a setup for fresh entry or short.
At the moment if any pull back 60o is the number to watch.
It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91.
AMEX:SPY not even breaking 21 averages in 60 minutes since the move started from 587.43.
HH HL pattern. No way to short.
At the moment even if I short at 601 levels the target is only 598. So not much R:R.
Need to continue the longs for 608-612 as initial target provided 601 is holding.
I have no position.
Ethereum - RSI Signals Bull Run Peak!ETHUSDT Technical analysis update
ETH’s weekly RSI is currently at 64. In previous bull cycles, ETH’s weekly RSI has climbed above 90, marking the peak of the rally. This time, it’s likely that ETH’s RSI could again reach the 90 level during the peak of the current bull run. Historically, the RSI indicator has proven to be a reliable tool for timing exits in ETH investments.
If the RSI approaches 90, it could signal that ETH is nearing an overbought zone, potentially aligning with a price target of around $10,000. A well-timed exit based on RSI can help lock in profits before any significant pullbacks.
US OIL Trade Log USOIL Short Position Analysis
Technical Indicators :
- 1H Fair Value Gap (FVG): Current price is within the 1-hour FVG, indicating a potential short entry point.
- MACD Divergence: A bearish divergence between the MACD indicator and price action suggests weakening upward momentum.
- Cumulative Volume Delta (CVD) Divergence: Bearish CVD divergence indicates increasing selling pressure despite rising prices.
- Ichimoku Kijun Levels: Price is above the 1H, 4H, and daily Kijun lines, placing it in a relative premium zone, which may precede a downward correction.
Fundamental Factors :
- Fear Premium: Recent price increases are attributed to geopolitical tensions, such as conflicts in the Middle East, leading to a 'fear premium' in oil prices.
- Bearish Macro Outlook: Rising U.S. oil inventories and weak global demand projections, especially from China, suggest a bearish outlook for oil prices.
Trade Parameters :
- Position: Short USOIL
- Entry: Within the 1H FVG at current market price.
- Risk Management:
- Risk per Trade: 1% of trading capital
- Risk-Reward Ratio (RRR): 1:2
GER 40 Trade LogGER40 Short Position (Discretionary)
Rationale :
- Overextension: The GER40 index appears significantly overextended without substantial fundamental support.
- Rising German Bond Yields: An increase in German government bond yields suggests a shift towards higher borrowing costs, potentially impacting equity valuations.
- MACD Divergence: A notable divergence between the MACD indicator and price action indicates a weakening bullish momentum, often preceding a trend reversal.
- CVD Divergence: Divergence in the Cumulative Volume Delta points to a disparity between buying and selling pressures, signaling a potential downturn.
Trade Details :
- Position: Short GER40 via market order
- Risk Management:
- Risk per Trade: 1% of trading capital
- Risk-Reward Ratio (RRR): 1:2
Note: This trade is discretionary and anticipates a sharp correction at market open. Despite the lack of a formal signal, the confluence of technical indicators and macroeconomic factors supports this decision.
AUDUSD Wave Analysis 3 December 2024
- AUDUSD reversed from strong support level 0.6450
- Likely to rise to resistance level 0.6530
AUDUSD currency pair recently reversed up from the strong support level 0.6450, which has been reversing the price from the start of August, as can be seen below.
The support level 0.6450 was further strengthened by the nearby lower daily and the weekly Bollinger Bands.
Given the bullish divergence on the daily Stochastic indicator, AUDUSD currency pair can be expected to rise to the next resistance level 0.6530 (former minor resistance from November).
GBP/AUD: Downside Bias Intensifies Amid Completion of Head and STechnical Analysis
The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely.
Key Events to Watch
While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market participants are closely monitoring Wednesday's release of Australia's economic growth data and the United Kingdom's Purchasing Managers' Index (PMI) figures. These data points could significantly affect volatility in the pair, particularly if the results diverge substantially from consensus expectations.
Read the full article on our website:
erranteacademy.com
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries.
CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.