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Pitchforks

Bitcoin Analysis==>>Where is the End of the Rally!?Bitcoin ( BINANCE:BTCUSDT ) was able to start a new rally after breaking the upper line of Descending Broadening Wedge Pattern . Bitcoin is moving near the Potential Reversal Zone(PRZ) , the Resistance lines , the middle line of Pitchfork , and the Time Reversal Zone(TRZ) . According to the Elliott wave theory , Bitcoin is near to completing the Main wave 5 in PRZ . Also, Regular Divergence(RD-) between Consecutive Peaks in MACD and RSI Indicators . I expect Bitcoin will decrease after touching the Resistance lines to fill the important CME Gap($77,360-$80,670) . ⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️==Low possible. What is your idea of Bitcoin being able to touch $100,000 during the current week❗️❓ Bitcoin Analyze (BTCUSDT), Weekly time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates ; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe. 🔔Be sure to follow the updated ideas.🔔
Short
by pejman_zwin
17
Think Outside the Box BTC! / Next staion 60-62KBINANCE:BTCUSDT COINBASE:BTCUSD Hello Dear Traders. 📝In this post I will track the BTCUSDT movements as long as it stays inside the Box. The market has reached the end of its suffering range. Until Monday, the price of Bitcoin can rise to the level of $61K-$62K. After that, if the buyers support and the price breaks above the $63K level, the green scenario will be activated, and the price will return to the ceiling of the box. On the other side, bearish resistance at the $61-62k level will push Bitcoin price down to the initial target of $55k and then $52k. 📡Please share the analysis posts. 💌Thanks for your support and energy.
Long
by CrazyS
TON Analysis / Do you think Paul can regain controls?OKX:TONUSDT BINANCE:TONUSDT CRYPTO:TONUSD Analysis of the scenarios facing Ton Coin ▶The price has now entered the shock phase and It started a bearish rally from the Stop Hunt range. If Ton downward movement considered as an excellent buying offers for investors, and the news of Pavel's arrest calms down in the next few hours, the price can touch the Stop Hunt level again. Of course, this scenario is not at all suitable for trading and analysis, and it's just a hopeful prediction of the price. 📉🔍On the other scenario, the price downward rally is more accurate in my opinion. The news of the arrest is going to disturb the market for some time and this issue will gradually shift the price to lower support levels. But what do we do? ⚡As I said before, TON price is worth much more than what it is, and it is quite possible to reach the $12 level within the next year. But in the current situation, finding profitable buying levels should be the most important goal of medium-term market traders. In the above analysis, the PRZ level will provide an excellent buying zone. Even in a hopeful scenario, the second best level to buy Ton is inside the yellow zone. Of course, I myself prepare a much smaller volume for buying in this area. After the yellow level, until the price reaches PRZ, I will buy two more steps with the Bollinger Midline indicator or MA 50. But the main zone for me is near the PRZ area.
Short
by CrazyS
2
Shopify: Commerce SuccessShopify continues to dominate the e-commerce platform space, making significant strides in expanding its ecosystem for businesses of all sizes. As the company integrates more deeply into social media and international markets, Shopify is well-positioned to benefit from both consumer demand and business needs for seamless online selling. This strong presence in the global e-commerce sector makes Shopify a compelling investment for those looking to capitalize on the continued shift to online retail. NYSE:SHOP Financial Performance Revenue Growth: Shopify reported revenue of $2.05 billion for Q2 2024, representing a 20.7% year-over-year increase. The company’s annual revenue is on track to exceed $7.76 billion in 2024, up 23.18% from the previous year. This strong growth has been driven by the expansion of its merchant solutions and Shopify Payments​ Earnings Beat: Despite macroeconomic headwinds, Shopify has maintained its profitability, with earnings coming in stronger than expected for several quarters. Analysts have upgraded the stock, citing its ability to continue growing in a competitive space Cash Flow: Shopify’s cash flow has remained robust, driven by its diversified revenue streams, including subscription solutions and payment services, allowing it to reinvest in international expansion and new technologies. Strategic Expansion & Innovations Social E-Commerce & Partnerships: Shopify has expanded its integration with social media platforms like YouTube, allowing more merchants to embed shopping experiences into video content. This positions Shopify to capture more sales in a fast-growing segment of e-commerce​ Cloud Infrastructure: The company continues to invest in improving its cloud-based infrastructure, allowing it to scale efficiently as more merchants come onboard. Its Shopify Plus platform, designed for larger enterprises, has seen significant growth. International Expansion: Shopify has continued its aggressive expansion into international markets, particularly in Europe and Asia, increasing its merchant base and revenue potential globally. Technical Analysis Stock Performance: Shopify’s stock has rebounded strongly from its lows earlier in the year, trading at $78.68 as of September 2024. This represents a 4.6% increase from the previous week. With a price target now upgraded to $99 by some analysts, there’s potential for a continued upward trend​ Valuation: Shopify’s price-to-sales (P/S) ratio is around 13.04, which, while high, is justified by its strong revenue growth and market-leading position. This suggests that investors are paying a premium for its potential to continue expanding rapidly​ Fundamental Perspective Shopify is one of the most compelling plays in e-commerce and SaaS. While it doesn’t currently pay a dividend, its high growth rate, strong financial performance, and strategic innovations make it an attractive investment for those looking for exposure to digital commerce. Upcoming Earnings Dates Q3 2024 Earnings: Expected November 2, 2024 Q4 2024 Earnings: Expected February 5, 2025 Shopify’s continued focus on social commerce and international growth makes it a strong buy for long-term investors, particularly those looking to ride the wave of e-commerce expansion globally. $78.68 NYSE:SHOP
NYSE:SHOPLong
by lognomics
US500 morning analysisTechnical analysis of US500. The key support in this analysis is 5088.9, the 5 August 2024 low. For the median (red) line of the pitchfork to be tagged, wave ((5)) will need to be expanded; therefore, price would now be in wave (2) of ((5)), with fib support, pitchfork support, and potential buying area in the 5300-5500 range. The bearish case would have the top being in, and if this occurs, pitchfork support then price support will fall in an impulsive manner, with bearish targets below October 2022 low.
PEPPERSTONE:US500
by discobiscuit
SUI Jumped in TVL and Still Looks Bullish / Targets and PlansBINANCE:SUIUSDT COINBASE:SUIUSD Longterm Scenario 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, 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. 🧐The Alternate scenario: If the price stabilize below the trigger zone, the setup will be canceled.
Long
by CrazyS
1
US500 evening updateBearish count for US500. Pitchfork drawn from March 2020 low, January 2022 high, October 2022 low. October 2022 low saw price bounce off .5 fib drawn from January 2022 high to March 2020 low. Price has been targeting the median line (red line) of the pitchfork since October 2022, but it has never tagged it. Price teased above the 0.5 line twice (in teal), once in July 2024 and once in October 2024 (green ellipses). Price attempted to get above .5 line again today and was promptly rejected. Price has formed an impulse off 5 August low, with 1>3>5. I would say this is a short opportunity; if price is to stay below resistance of 5884.7 and below .5 line of pitchfork. If median line cannot be tagged, then price will find its way (quickly) back to October 2022 low. Key support is 5088.9.
PEPPERSTONE:US500
by discobiscuit
1
First Neiro(NEIRO) Ready to Fall==>> -15%_-20%!!! Today I want to analyze the First Neiro ( BINANCE:NEIROUSDT ) has recently gained significant attention in the cryptocurrency market, with a remarkable +87% increase in price over the past week . The First Neiro(NEIRO) is Memcoin and operates on the Ethereum Blockchain . The First Neiro( BITGET:NEIROCTOUSDT ) has reacted well to Andrews' Pitchfork lines , so we use these lines as Support and Resistance lines . The First Neiro(NEIRO) attacked the Potential Reversal Zone(PRZ ) three times(In each attack, the volume is reduced ), but failed to break this area . According to the theory of Elliott waves , it seems that NEIRO has succeeded in completing 5 impulsive waves and we should wait for a correction . I expect First Neiro(NEIRO) to drop at least -15%, and if the Support zone($0.00156-$0.00148) breaks, we should expect a further drop (-20%) . First Neiro Analyze (NEIROUSDT), 4-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
SOLUSDT Long Setup Setting / It's Risky but we are traders ...BINANCE:SOLUSDT COINBASE:SOLUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status) 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone ⚡️TP: 142.20 148.44 157.38 🔴SL: 126.23 b]🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS