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$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK. Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week! We are just getting started, though, and now you see how well my "High Five Setup" works! Almost 10% on the day bang! If your in this name with me show some love in the comments! The chart shows price targets in Green and the measured moves! Not financial advice.
NASDAQ:SOUNLong
by RonnieV29
18
BULLISH TREND IN PLAY ⟶ WILL BITCOIN HIT $82,463?Hello, everyone! 😊 Hope you're all doing well. Let’s dive into the key points of the #BITCOIN analysis 🔍. In yesterday's #BITCOIN post, I discussed two scenarios for growth. The second scenario—uninterrupted growth if the candle closes above 69,280 in the 1-hour timeframe—played out, and after confirming this scenario, we saw about a 3% sharp growth 📈. I hope you caught the previous analysis on time! #BITCOIN started its growth from the top of its weekly bearish channel (mentioned in previous posts) in a Double-Bottom Pattern within the 1-hour timeframe 📊. Based on the potential for a top divergence in the daily timeframe (using the MACD indicator), we should draw a trendline to confirm the final growth that validates the Double Bottom Pattern 📝. This trendline serves as the boundary between bullish and bearish trends. As long as the price remains above this trendline in the 1-hour timeframe, priority goes to growth toward the following targets: **Target 1**: 71,859.93 - 72,088.90 🎯 **Target 2**: 74,742.20 🚀 **Target 3**: 82,463.58 🌟 Any drop will be temporary, ultimately concluding at this trendline, after which we would re-enter a bullish trend (follow the dashed line path on the chart) 🔄. If this bull-trend-line is broken to the downside in the 1-hour timeframe, the trend will shift from bullish to bearish in the short term ⚠️. In that case, we’d see a drop toward the targets of 67,600.41, 65,681.29, and finally 63,340.89 📉.
Long
by Eldorado_Land
XRPUSDT Heading Towards 0.6600 USDT – Bullish SignalOn the XRPUSDT chart, I notice that the price is currently clinging to the long-term uptrend line, indicating strong support at this area. If XRP continues to hold above the trendline, there is a possibility of a bounce back towards important resistance areas. Two targets to watch: The first resistance zone is around 0.5600 USDT, where XRP may encounter selling pressure. If it is broken, this will strengthen investors' confidence in the short-term uptrend. The next resistance zone is at 0.6600 USDT. This is a higher target level and needs a strong momentum to break, opening the door for a long-term increase.
Long
by Edward_Fibonacci
3
BTC - RAG- GPT4o. C.L.85%. Of course NO ESSENTIALInvestment Thesis Given the current market conditions for Bitcoin (BTC), we are positioned to capitalize on short-term price movements over the next 14 hours. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Currently high, indicating strong market participation. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment, while low liquidation levels provide a cushion against sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Trader Sentiment: Cautiously optimistic, with many experts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: Binance Research Analysts CryptoQuant Experts Analysis: The consensus among experts emphasizes monitoring key resistance levels and considering long positions as LTC approaches these levels. CoinMarketCap Data 24-Hour Trading Volume: Approximately $1.5000 billion. Circulating Supply: 19 million BTC. Market Capitalization: Around $1.3600 trillion. Analysis: Strong liquidity and high trading volume indicate significant interest in BTC, supporting the bullish outlook. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Bitcoin. Top Crypto Sentiments: Reflecting optimism among traders. Implications: A favorable environment for long positions, as positive sentiment can drive further price appreciation. Technical Analysis RSI (Relative Strength Index) Daily Chart: 69.0800, indicating overbought conditions. 15-Minute Chart: 53.5900, suggesting a neutral position and potential entry point for new trades. MACD (Moving Average Convergence Divergence) 1-Hour Chart: Showing a bullish crossover, reinforcing the potential for upward movement. Bollinger Bands Current Price Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Support/Resistance Levels Support: $70,152.95. Resistance: $71,452.91. Analysis: A break above resistance could trigger additional buying, while support provides a safety net against significant price drops. Moving Averages MA10: $71,200. Interpretation: Price above MA10 suggests a continuation of the bullish trend. Trend Indicators ADX: Indicates a strong trend on shorter timeframes, supporting the bullish outlook. Bollinger Bands: Proximity to the upper band on the daily chart warns of a possible pullback if resistance is not breached. Summary The current market conditions for Bitcoin (BTC) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across various timeframes suggest potential upward momentum, with key resistance levels at $71,452.91 and $72,000. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $71,263.37 Stop Loss: $70,100 Take Profit: $72,500 Exit Point: $72,000 Entry Criteria RSI: Below 50 indicates potential upward movement. MACD: Bullish crossover. Price Position: Above MA10 suggests continuation of the trend. Current Indicators: RSI: 69.0800 MACD: Bullish crossover confirmed. MA10: $71,200 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Breaks Above $72,000: Action: Open a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 to minimize potential losses. Take Profit Strategy: As Price Approaches $72,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $72,000 to secure profits. Risk Management: Set Stop Loss at $70,100 to limit potential losses. Take Profit at $72,500 to capitalize on expected price movement. Exit Point at $72,000 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome.
Long
by titankarma
3
Bitcoin Faces Important Growth ThresholdAccording to the technical analysis of the 4-hour BTC/USD chart, Bitcoin is currently forming a symmetrical triangle pattern, with the 34-EMA and 89-EMA providing strong support at 67,343 and 66,650. This shows potential strength in the short term. The current price is hovering close to the resistance zone near 68,000. If Bitcoin can break this resistance, it is likely to open a strong growth wave, aiming for higher targets, with a target of reaching the 69,200 area and beyond. Is this a golden time for investors to take advantage of the upcoming rally or will the market wait for another signal to break out strongly?
BITSTAMP:BTCUSDLong
by Edward_Fibonacci
1
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 34.23 which is a swing-high resistance. Stop loss is at 34.72 which is a level that sits above the 127.2% Fibonacci extension level and a pullback resistance. Take profit is at 33.16 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
1
ENA contracting triangleI can notice that the ENA is moving in a contracting triangle which generally occurs in wave 4 in the five wave impulse pattern. I expect the price goes to 0.3823 or higher (truncated triangle). The target would be 0.4181 when wave 5 = wave 1 or the target would be 0.4124 which is the triangle height. It may goes also higher than that or it may not, Stop loss may be 0.3763 which is the end of wave C in the triangle. As I always say, use your protective stop and manage your wallet risk Good Luck :)
Long
by ahmed_fawzy
1
NZDCHF SellThe price is in a downtrend on the 4-hour chart, retracing to the previous support level, which has now turned into resistance. On the 15-minute chart, the price has created a range consolidation at the 4-hour support/resistance level and then broke downward from that range, followed by a retest. -- The target price is initially set at the next support level on the 4-hour chart. The take-profit to stop-loss ratio is 3:1, and the take-profit level may be adjusted based on market dynamics
Short
by InnoL
1
Thesis ETH AIEthereum (ETH), the current market conditions present a favorable environment for short-term trading opportunities. The analysis is conducted every 14 hours, allowing for dynamic adjustments to trading strategies to optimize profits and minimize losses. The recent bullish momentum, combined with technical indicators and market sentiment, suggests potential opportunities for scalping. Data Analysis Open Interest: Steadily increasing over the past 8 hours, indicating growing market participation. Weighted Funding Rate: Currently positive, suggesting a bullish sentiment among futures traders. Liquidation Levels: Critical around the $68,000 mark, where significant liquidations could occur if the price reverses sharply. Analysis: The increasing open interest and positive funding rate support the bullish sentiment observed in the market, while low liquidation levels provide a cushion against sudden price drops. Binance Data Trading Volume: Robust over the last 24 hours, with a notable increase in buy orders. Market Sentiment: Leaning towards bullish, with many analysts predicting a potential breakout above the $72,000 level if current trends continue. Expert Consultations: key support levels at $2,620 and resistance at $2,700, suggesting potential breakout opportunities. Analysis: The consensus among experts emphasizes monitoring key resistance and support levels and considering long positions as ETH approaches these levels. CoinMarketCap Data Circulating Supply: Approximately 1 billion ETH tokens. Market Capitalization: Approximately $320 billion. 24-Hour Trading Volume: 131,690 ETH, indicating strong trading activity. Analysis: The robust trading volume and stable market capitalization support the bullish outlook for ETH, as increased trading often correlates with price movements. Sentiment Analysis Sentiment Score: 75%, indicating a predominantly bullish sentiment towards Ethereum. Top Crypto Sentiments: "Bullish" and "Buy". Implications: Aligns with technical indicators and expert predictions, reinforcing a positive outlook for ETH. Technical Analysis RSI (Relative Strength Index) Value: 66.3100 on the daily chart. Interpretation: Indicates overbought conditions but remains below the critical threshold, suggesting potential for upward movement with caution. MACD (Moving Average Convergence Divergence) Status: Positive, indicating a bullish crossover. Interpretation: Supports the idea of upward momentum. Stochastic Indicators Status: Favorable, suggesting potential bullish momentum. Moving Averages MA20: $2,673.8700 Price Position: Above the 20-day and 50-day moving averages, reinforcing the bullish trend. Support/Resistance Levels Support: $2,620 Resistance: $2,700 Bollinger Bands Current Position: Approaching the upper band at $71,452.91. Implications: A breakout above this level could lead to further gains, while failure to break could result in consolidation or pullback. Analysis: The RSI indicates strong upward momentum but suggests caution as it nears overbought territory. The bullish MACD crossover aligns with positive momentum. Price positioning above key moving averages suggests the continuation of the uptrend. Resistance levels at $2,700 are critical points for potential profit-taking and trend confirmation. Summary The current market conditions for Ethereum (ETH) indicate a bullish trend supported by increasing open interest, positive funding rates, and optimistic market sentiment. Technical indicators across multiple timeframes suggest potential upward momentum, with key resistance levels at $2,700 and support levels at $2,620. The significant trading volume and positive sentiment from both analysts and retail investors reinforce the potential for short-term gains through intraday scalping strategies. However, caution is advised as the RSI approaches overbought levels, which could lead to a pullback or consolidation. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $2,673.8700 Stop Loss: $2,640 Take Profit: $2,720 Exit Point: $2,710 Entry Criteria RSI: Below 70 indicates potential upward movement. Price Position: Above MA10 suggests continuation of the trend. MACD: Positive crossover supports bullish momentum. Current Indicators: RSI: 66.3100 MACD: Positive MA20: $2,673.8700 Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $2,620: Action: Consider opening a long position. Adjust Stop Loss: Tighten the STOP_LOSS to $2,640 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $2,720: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $2,710 to secure profits. Risk Management: Set Stop Loss at $2,640 to limit potential losses. Take Profit at $2,720 to capitalize on expected price movement. Exit Point at $2,710 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
1
Gold prices continue to explode, confirming new record levelsCurrently, gold prices have risen slightly to around $2,777.88 per ounce, marking a 0.12% increase from yesterday. This upward trend is primarily fueled by heightened demand for safe-haven assets as geopolitical tensions and inflationary pressures continue to influence the market. Additionally, investments in gold-backed ETFs and growing demand in regions like the Middle East have provided further support for the metal’s price. Furthermore, while U.S. bond yields remain high—typically a competing factor for gold—investors continue to lean toward gold as a safety net, which has helped sustain its recent gains. Looking forward, gold prices may see further increases if global economic uncertainties and geopolitical risks intensify, bolstering the demand for safe-haven assets. Conversely, should the market stabilize and the U.S. dollar maintain strength, gold could experience a mild pullback in the short term, though this is not likely to be a significant concern.
OANDA:XAUUSD
by Pierce_Bowers
3
$SPY October 29, 2024AMEX:SPY October 29, 2024 15 Minutes For the fall 586.12 to 574.41 AMEX:SPY retraced 78%. Hence, I expect only a double bottom for this move. For the rise 574.41 to 584.46 AMEX:SPY retraced 61.8%. So, holding 576 uptrends to continue. In 60 minutes 575-576 is 200 averages. So, the shorts initiated yesterday will be covered at 579. If I get a lower. I am lucky. SL at 582 for a zero trade. At the moment I expect 579 or 575 to provide a good support. Long is still above 585 only. I am usually negative bias as long as AMEX:SPY is below moving averages especially 200 or 100 in 15 minutes.
AMEX:SPYShort
by RiderTrader
1