PLTR: An Inflection Point Below the ATH!Daily Chart (Left):
Resistance at $45: The price is near the all-time high level of $45. This is a significant resistance level where the stock may face selling pressure.
Support at $40.36: Immediate support lies at $40.36, which has been tested recently. This level could act as a key support zone if the price pulls back further, but it is also a possible bearish pivot point. If PLTR loses this key point, it could trigger a bearish reversal.
21-day EMA: The price is above the 21-day EMA, reflecting the ongoing bullish trend. The EMA has been acting as dynamic support for the stock during the recent uptrend. In addition to the $40.36 support line, this makes the area around $40 a double support level, reinforcing the importance of this key point.
Weekly Chart (Right):
Hanging Man Formation: The weekly chart shows a potential "hanging man" candlestick pattern near the all-time high, which can sometimes signal a bearish reversal if confirmed by further downside action. This formation suggests caution, as it could indicate that the bulls are losing momentum at these elevated levels. However, more often than not, this pattern acts as bullish continuation, according to Bulkowski's studies.
Trend Strength: The price has been in a strong uptrend, supported by the 21-week EMA. Even though the hanging man pattern raises concerns, the overall trend remains intact unless there’s a significant breakdown below support levels.
Conclusion:
PLTR is near a critical resistance zone of $45, which aligns with its all-time high. The daily chart still shows bullish momentum, but there is a possible pivot point at $40 that could reverse the trend. A successful breakout above $45 could lead to further upside, as the bullish trend continues. For now, we should watch for confirmation of the hanging man pattern, and if it'll lsoe our key support area before considering any bearish positions.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Pivot Points
La Rosa Holding CompanyGood morning traders,
La Rosa company since it's entry into the market has dropped significantly. Seems after several months it will spike and pump for a day followed by another significant drop. It's had several pumps some more significant than the other, but right now it seems its seeking support at .82 & .62. I call this the loading zone (S2). Once this range is reached (if), I expect another temporary pump at least to $2.11 (give or take).
Be VERY cautious, this is a technical analysis and so far pumps are getting smaller. For all we know, this MAY BE the last pump. Great luck with your investments and don't forget to follow for other company predictions.
Happy Trading Everyone!
"$OM Rocketing Higher: Mainnet Launch to Fuel Uptrend, Dominatin$OM/ CRYPTOCAP:BTC chart shows a very strong uptrend heading into #Mainnet Launch.
NASDAQ:OM will trend higher once #BTV dominance cools off a bit.
The big mainnet launch will be key to this imo and uptrend will resume soon.
RWA will be one of the narrative in this bull run and NASDAQ:OM is the key player. I think NASDAQ:OM is very very strong in the RWA space more than LSE:ONDO imo.
Don’t sell your bags cheaply here.
#OMtober #Mainnet #RWA
Nifty & Bank Nifty Analysis and Trade Plan for 24th OctoberNifty & Bank Nifty Analysis and Trade Plan for 24th October
EURUSD Multi Timeframe Analysis 23.10.20241.08111 low got swept as I mentioned on my earlier analysis. Friday's daily candle closure as inside bar has also been played out as expected. But bearish momentum is quite strong. Imo, current Daily Demand zone is the strongest to give price a bullish momentum ( other than any. red flagged fundamentals upcoming days )
15m Swing, Internal Bearish and price is currently in 15m supply. We possibly could get a bearish momentum from here
My expectation is, low to get swept then strong bullish momentum to kick in. But as we trade the facts and not the expectations, I will cautiously follow bearish order flow. At least wait prize to mitigate 4H supply ranges.
For longs, ideal to wait for 4H candle closure above 1.08382
Dollar Index (DXY): Important Support & Resistance Levels
As the bull run continue on Dollar Index,
here are the significant resistance zones to pay attention to.
Resistance 1: 104.45 - 105.12 area
Resistance 2: 106.05 - 106.14 area
Resistance 3: 106.37 - 106.52 area
Support 1: 101.65 - 101.92 area
Support 2: 100.14 - 100.56 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Breakout on EURUSDThe bearish pressure in EURUSD continues, and yesterday it broke the previous low.
The next support levels are 1,0783 and 1,0745.
Meanwhile, EURJPY has broken the resistance of its sideways movement.
If the rise continues, the target will be 167,35!
GBP is performing better than EUR, which adds extra strength to GBPJPY.
These are the opportunities we review daily in the premium channel!
SPX 500: Support Tests and Potential Upside AheadHello,
VANTAGE:SP500 may experience some support tests near the 1M pivot point. However, market sentiment remains largely overbought and anticipates further upside. If the price manages to break and hold above the 1W pivot point, we could see more upward movement. Stay tuned!
TradeWithTheTrend3344
NAS100: Resistance Test at 20,325.442Hello,
PEPPERSTONE:NAS100 is currently testing resistance at 20,325.442, where the price is lingering. If this level holds as support, we may observe additional upward movement. Conversely, if it breaks, we could see further tests of support levels, potentially heading toward the 1-month pivot point.
TradeWithTheTrend3344
XRPUSD Faces Potential Downswing Towards Key Support at 0.5216Hello,
BITSTAMP:XRPUSD has experienced some recent declines, and the overall sentiment is neutral, leaning slightly bearish. There is a potential for a further downswing toward the strong monthly support level at 0.5216. We'll need to observe how this support holds up; if it proves robust, a bullish upswing could follow.
TradeWithTheTrend3344
Analysis autopsy: AUD/USD, AUD/JPY, WTI, SPI 200Today I take a look at some recent ideas to see how they played out, then reassess them on the live charts to see if they're still worth keeping an eye on. Charts include AUD/USD, AUD/JPY, SPI 200 and WTI.
MS
LTCUSD: Testing Key Support LevelsHello,
COINBASE:LTCUSD has recently rallied to a peak of 76.755 and is currently testing the support levels on both 1W/1D. The strong weekly support level at 67.456 is approaching, along with daily support levels at 69.245 and 68.634. There is optimism that these key support levels will hold, potentially leading to further upward movement. However, if they fail, we may see a pullback towards the monthly pivot point.
TradeWithTheTrend3344
DASHUSD: Key Levels and Bearish OutlookHello,
COINBASE:DASHUSD has been in a neutral phase for some time now, and it remains uncertain if it will experience any upward movement. Key support levels to watch are 6M/3M at 19.00 and 1 month at 22.19000. Currently, further bearish movement seems likely unless the price can rise above and hold above the 1M pivot point.
TradeWithTheTrend3344
BCHUSD Poised for Bullish Breakout Pending Support TestHello,
COINBASE:BCHUSD is approaching a test of the 1D support structure, and if the support holds strong, we could see further upward movement. Gradually, the price is climbing, positioning itself for more bullish momentum. As long as the 1M pivot point (PP) holds as support, the bullish trend remains intact!
TradeWithTheTrend3344
ETHUSD Testing Key Support for Bullish ContinuationHello,
BITSTAMP:ETHUSD is currently testing both the weekly and daily pivot points. If these levels hold as support, we could see an immediate upward movement. In the longer term, the price remains positioned for a bullish continuation, though there might be a retest of support around 2602.496 before the bulls take control again.
For deeper insights into pivot points and technical analysis, you might want to explore more advanced resources on market trends and price action strategies. "Technical Analysis of the Financial Markets" by John Murphy could be an excellent place to start!
TradeWithTheTrend3344
BTCUSD Bullish Continuation Amid Support TestsHello,
BITSTAMP:BTCUSD price has found support at the 1W pivot point, while the 1D pivot point has acted as resistance so far. Despite this, the overall outlook remains bullish, suggesting a continuation of the trend. The 1Y-1D trend, confirmed by the 5-200 SMA/EMA, indicates that while we may see further support tests, the long-term bullish momentum is expected to persist.
TradeWithTheTrend3344
NZD/JPY Break Above 92.293 Signals Bullish ContinuationHello,
OANDA:NZDJPY is nearing its recent 3-month/1-month high of 92.293. A decisive break and hold above this level is crucial to confirm further upside momentum. The current price action remains well-positioned for a bullish continuation, as long as it stays above the 1-month pivot point (PP), supporting continued upward movement.
TradeWithTheTrend3344
EUR/JPY Sellers Test Support Amid Bullish Long-Term OutlookHello,
FX:EURJPY sellers are stepping in heavily at the moment, aiming for further support tests. However, despite minor fluctuations, the long-term outlook remains bullish.
TradeWithTheTrend3344
USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been looking at various markets recently, and USOIL really stood out to me. I want to share how I analyze markets using a mechanical top-down approach across all timeframes to form my trading bias.
Top-Down Analysis:
This method is crucial in my trading strategy. It helps me stay objective by focusing on what the market is indicating regarding trends and key levels, rather than letting my personal opinions cloud my judgment.
By adopting a systematic approach, I've been able to reduce doubts and fears in my trading decisions.
Now, let's dive into the top-down analysis process.
12M:
2W:
6H:
AMD big move soonAfter a few weeks of falling to the bottom of this ascending channel I believe AMD will see a pivot back to the upside soon!
FSLR may be ready to fly!NASDAQ:FSLR received an upgrade to Buy from Neutral by Citi Bank…..while approaching the 200MA and previous area of support…..undervalued on all time frames……with plenty of headway to retest All Time highs. Given the election supports further funding for Solar Projects to assist with our energy demand we could see a significant move to the upside into year end……Let’s see how this one plays out!
LUNA/USDT.phad to post a new on because the last one FAILED.
sice LUNA is showinh some stenght, i might now become below the trendline. if not. this wil go up. till a bit above the 0.5 fib. )it still could fail. trade at you own risk al dont be overlevereging!
cheers!
