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$ELF Bouncing Past the 9 & 21 Day Moving AverageNYSE:ELF On average, technical analysts often observe that when a stock crosses above both the 9-day and 21-day moving averages, there is approximately a 60-70% chance that the upward trend will continue. Conversely, when a stock crosses below both averages, there is about a 60-70% chance that the downward trend will persist. Here are some general figures: Bullish Continuation: 65% probability that the stock will continue an upward trend after crossing above both the 9-day and 21-day moving averages. Bearish Continuation: 65% probability that the stock will continue a downward trend after crossing below both the 9-day and 21-day moving averages. These figures are generalized estimates based on typical market behavior and may vary depending on specific stock characteristics and broader market conditions. Always consider conducting specific #backtesting and analysis for the particular stock or market you're interested in for more accurate predictions.
NYSE:ELFLong
by montiai
1
$GCT BTO to be a beautiful $30 Strike 9/24 Options @.15 PremiumNASDAQ:GCT With strong fundamentals we know the price distributed to the lowest prices in over a year. It is now cognizable to construe this as a false bear pattern which has quickly evened out into a butting bull play, especially for a very cheap option with possible, exploding volatility which can be on the rise any day. Look at supply / demand zones, support and resistance zones and the price movements that bring to light the emphatic connection you have with the stock market. I expect my $30 option to be exercised by about August 29th wherefore, I think it will accomplish its alarming intent. Because, this is the first video I've done on #Tradingview. Moved out of whim, and caprice, I had to furnish my thoughts to make them manifest and foster right in front of me. :D
NASDAQ:GCTLong
by montiai
1
Ethereum still in accumulation zone, what's next?After Ethereum has been in a downward channel, it breaks the sequence at point #4, which remains in the accumulation range from previous days. This zone is extremely important because, as you can see, it has been moving within this area for several days, which means that the price could gain strength at any moment and start a bullish run. But NOTE: as long as the price remains within the channel, there will be no bullish run. We need to wait for the price to break out of the downward channel to confirm that it is heading back to the supply zone. Thank you for supporting the analysis. ETH is at a point where adding a position might be considered; let’s hope the price makes a decision soon. Thankyou for supporting my analysis i invite you to visit my analysis on Bitcoin Use bitcoin price movement as a base of all the crypto market trend. Best Regards
COINBASE:ETHUSD
by RocketMike111
#NIFTY Intraday Support and Resistance Levels - 28/08/2024🔔 Nifty Update for Today: 📊 Expected Opening: Opening Outlook: Flat 📈 Consolidation Zone: Range: 25000 - 25050 Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050. 📈 Potential Upside Movement: Upside Target: 25250+ Condition: If Nifty starts trading and sustains above 25050 If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session. 📉 Downside Risk: Condition: If Nifty starts trading below 25000 Any significant downside is likely only if Nifty starts trading below 25000.
NSE:NIFTY
by TradZoo
GBPUSD Analysis Week 32Fundamental Analysis GBP/USD ended the trading week with a last-minute win after the US Non-Farm Payrolls (NFP) missed expectations, sending the greenback lower across the board. The pound fell this week after the Bank of England (BoE) delivered a 25 basis point interest rate cut on Thursday morning, while US jobs data provided further warning signs that the US economy may be contracting faster than investors initially expected. The US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. On the UK side, BRC Retail Sales for the year ending July are expected to rebound to 0.3% after a -0.5% decline in the previous period. Technical Analysis GBPUSD forms a wide range after the NF announcement with the nearest support resistance in the range of 1.286 and 1.270. On the H4 timeframe, EMA 34 is below EMA 89, indicating that the market structure is leaning towards a bearish trend with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.286 and candle close above both EMAs confirms an uptrend with the weekly resistance peak at 1.294 Resistance: 1.286-1.294 Support: 1.270-1.262 Trading Signals BUY GBPUSD zone 1.262-1.260 Stoploss 1.258 SELL GBPUSD zone 1.294-1.296 Stoploss 1.298
by TVS-Trader
2
Tesla's Shocking Plunge: Is the Bubble Finally Bursting?This is a Walk through of How i Took Advantage of the Giant Move on TSLA Current Price Action: The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%). Liquidity Zones (LQZ) / Take Profit (TP) Levels: There are two marked LQZ/TP levels: LQZ/TP 1 at $263.53 LQZ/TP 2 at $270.21 Support and Resistance: Multiple dashed lines indicate key support and resistance levels: $138.36, $142.18, $145.51 (support zones) $159.45, $168.98, $173.21, $175.92 (support/resistance zones) $260.27 (resistance) $300.01 (resistance) Trend Lines: A downward-sloping trend line (dashed blue) from previous highs suggests a long-term bearish trend. Price recently broke above this trend line, indicating a potential change in trend or a strong bullish move. Candlestick Patterns: Recent candlesticks show a strong upward move followed by a pullback, which is typical after a strong rally. Volume: Volume is indicated, with the latest volume bar showing 6.468 million shares traded.
NASDAQ:TSLA
by Adlercon333
Polka(DOT). Will it Survive?DOT is a long way from its high of $55, back in 2021. And now, currently, price has been struggling to push higher. With the thought the BTC ETFs being a game changer along with the BTC halving, there was the anticipation that Crypto would sky rocket. But this hasn't been the case. With all other coins getting hit by the current environment Crypto is facing, it stands that DOT is no exception. On the daily chart, DOT price is showing a head and shoulders pattern that could spell a push lower to the $5 lvl and maybe even to the $3.50. Since the FED interest rates seem to be the catalyst for the direction of crypto price so far, any data pointing at FED officials wanting to hold rates for longer (being hawkish) will continue to put pressure on Crypto's price. Well with this said, how is Polkadot going to survive? There is things going for it that can get it through this rough patch: -There are around 66 interoperability Cryptos and in that sector, DOT is the #1 coin, followed by Chainlink(LINK) and Cosmos(ATOM). DOT boasts close to a $8.5 billion market cap and LINK close to a $8.4 billion market cap (not too far behind), respectively. -Amongst all the other Cryptos out there, it sits at #14 out of 10,127. -Staking is currently at 11.78%, which has risen from 2023 when staking was around 9%, which if held for a year would be more then what some hedge funds can make. So not too bad. -While not as much PR as some of the more prominent coins out there, it does have PR coming out which shows that it is still relevant What do I think? I think DOT will survive and will likely drop which would be a buying opportunity. The Crypto Market as a whole is taking a drip (sitting at around 2.37 trillion currently, hitting a high this year in March of around 2.64 Trillion, and all time high of around 2.8 trillion back in 2021) and if price does continue to drop, it may test the support around 2.33 trillion. But majority of cryptos are taking a hit and as catalyst start popping up in favor of crypto, it is likely that DOT will join in this.
COINBASE:DOTUSDLong
by DollarSaenz
Green Arrow. Red Arrow. Which Will It Be?As I see it we now have two more likely options regarding price trajectory for Bitcoin. Let's first review what has occurred in the past few days. After 9 hits on our multi-year support, we finally broke WITH confirmation. That last part was important. I had stated that if we break and confirm, our first target down would become that first purple ascending trend line. Nailed it! Couldn't have been more precise. Yesterday, I then stated we should bounce and hit our heads on that 59.3k level. Boom. Done. Now, as I see it, Bitcoin has two most probable options to follow in terms of price. These options are represented by the green arrow and the red arrow. If we break back above that 59.3k level, the green arrow is in play and we'll likely travel sideways for a couple of weeks/months. This will be very boring for Bitcoin trades but it could indicate some relief for altcoins. At that point, I would expect quite a few of the best to spring to life and start pumping again. The red arrow is our other option, and honestly, this is currently the direction I am leaning toward until DXY, VIX, GLD, SPY, and NVDA tell me something different. DXY, VIX, and GLD continuing upwards would push stocks and SPY/NVDA down. BTC would likely follow. And though ALTS remains relatively stable at the moment, a move like this could bury some of the more risky. Keep those stops in place as it could get ugly. Thus far, my thesis on ALTS stands correct and our double-bottom has held and is holding for many. But, if that support breaks, ALTS would be in trouble. As always, I'll keep you up to date on the altcoin charts (often via the weekend update) here as well. Also, for my paid subscribers, know that we hit our level down and I have bought more of our best-performing altcoin. Check the trade tracker below to see the details.
INDEX:BTCUSDShort
by stewdamus
traders await US CPI on ThursdayGold price remains confined in a narrow range as traders await US CPI on Thursday 10 January 2024 • Gold price extends its consolidative price move above a multi-week low touched on Monday. •The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets. • Elevated US bond yields underpin the USD and cap gains ahead of the US CPI on Thursday. Technical Analysis: Gold price bears await a break below the 50-day SMA support near $2,017 area From a technical perspective, the multi-week low, around the $2,017 area touched on Monday, which now coincides with the 50-day Simple Moving Average (SMA), should protect the immediate downside. A convincing break below could make the gold price vulnerable to accelerate the slide towards the $2,000 psychological mark. Some follow-through selling will expose the December swing low, around the $1,973 region, before the XAU/USD eventually drops to the $1,965-1,963 confluence, comprising the 100- and 200-day SMAs. On the flip side, the $2,040-2,042 zone might continue to act as an immediate strong barrier, above which the Gold price could aim to retest Friday's swing high, around the $2,064 area. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and set the stage for a move towards reclaiming the $2,100 round figure. Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday. The precious metal continues with its struggle to gain any meaningful traction during the Asian session on Wednesday as traders seek more clarity on the Federal Reserve's (Fed) rate cut path before placing directional bets. Hence, the market focus will remain glued to the release of the latest consumer inflation figures from the United States (US) due on Thursday, which will play a key role in determining the near-term trajectory for the commodity. Ahead of the key data risk, investors have been scaling back their expectations for a more aggressive policy easing by the Fed in the wake of a robust December US jobs report on Friday, which pointed to a still-resilient labor market. This remains supportive of elevated US Treasury bond yields and acts as a tailwind for the US Dollar (USD), capping the non-yielding Gold price. That said, geopolitical risks stemming from the Israel-Hamas war and persistent worries over a slow economic recovery in China – the world's second-largest economy – should lend some support to the safe-haven precious metal. Daily Digest Market Movers: Gold price struggles for a firm direction amid mixed fundamental cues • The uncertainty over the timing of when the Federal Reserve will start cutting interest rates holds back traders from placing fresh directional bets around the gold price. The New York Fed reported on Monday that US consumers' projection of inflation fell to the lowest level in nearly three years in December, raising bets for an imminent shift in the Fed's policy stance. Meanwhile, the resilient US economy, which is experiencing above-target inflation, gives the US central bank more headroom to keep interest rates higher for longer. • This allows the yield in the benchmark 10-year US government bond to hold above the 4.0% threshold, which lends support to the US Dollar and caps the yellow metal. Bearish traders, however, seem reluctant and prefer to wait on the sidelines ahead of the latest US consumer inflation figures, due for release on Thursday. Citing a senior US Defense Department official, CNBC reported late Tuesday that Iran-backed Houthi militants launched the largest attack to date on commercial merchant vessels. A senior People's Bank of China official said this Wednesday that the central bank may use monetary policy tools to provide strong support for reasonable credit growth. The official added that the PBoC will strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable conditions for the country's economic growth. • There isn't any relevant market-moving macro data scheduled for release from the US on Wednesday, leaving the XAU/USD at the mercy of the USD price dynamics.
OANDA:XAUUSD
by sniper_2022
SNXUSDTHello dear friends ✔️ The long-term downtrend line has been broken. At the same time, we have a positive RSI divergence in the daily time frame. ✔️ The support range ($1,523) is well maintained. ❕ If the resistance range of $3.6, which is a very important area, is completely consumed, the situation will become very attractive for us. Considering that LL has not been formed on the downward trend, if a higher high is formed in the lower time frame, it can be a short-term confirmation. What do you think?
Long
by BiTBingo
1
EURUSD : Support & Resistance Trading strategyOANDA:EURUSD Eurusd , Is trading in channel up , After immense bearish downtrend last week market recover 100% , As market is overbought now Possible market after hitting resistance at 1.0777 will retrace to lower trendline for more bullish momentum Our target from 1.0777 will be 1.0709 area if price break down lower trendline than fair chances that we may see 1.0657 mark ❤️ Please, support my work with follow ,share and like, thank you! ❤️
Short
by INVESTRONE