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107K is next upside target, looking at 98-98.5K for entryMorning folks, So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right? While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony? Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
COINBASE:BTCUSD
by Sive-Morten
MDLZ $72.00 - Don't Miss Out on This 18%NASDAQ:MDLZ announced it would like to buy NYSE:HSY which led to a drop to $60. The sell-off came with a high volume and an oversold RSI. The buyers were able to buy the stop up to $61.44 getting it into the support zone. The sell-off did also respect the current bearish channel we're in. From this point on we could see a little bounce or the start of a new bullish phase inside this huge sideways channel. Our first target would be the resistance at $64.22. If we bounce from this we could see another leg down which is why we should take profit here and move the stop-loss to break-even. If the stock decides to use its momentum for more we could target the area at $73.00. We exit this trade if the stock closes on the daily chart with a candle below the support zone of $60.67. Resistance / Target Zones: $64.22 $73.00 Support Zone: $60.67 Let me know what you think!
NASDAQ:MDLZLong
by LGNDRY-Capital
2
Lingrid | SOLUSDT Potential Channel BREAKOUTBINANCE:SOLUSDT has been in a downward channel, which is a pullback against the major bullish trend. The price has bounced off the 200 psychological level, gaining bullish momentum. Currently, the market is testing the middle of the range zone, which may lead to some pullback. I think the price move move sideways below the channel border before potentially breaking out of the channel and resuming its upward movement. The fact that the market took liquidity below the previous week's low suggests that there is sufficient buying interest to propel the market higher. Overall, I expect a bullish upward move once the price breaks out of the channel, driven by the underlying bullish trend and liquidity accumulation. My goal is resistance zone around 250.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
4
Lingrid | ETHUSDT Buying OPPORTUNITY after Price SPIKE DownThe price perfectly fulfilled my last idea. It hit the target. The entire cryptocurrency market made a significant flash move donw, leading to substantial sell-offs and liquidations. However, this presents an opportunity to buy into the market at a discount, especially in a bullish context. BINANCE:ETHUSDT pulled back from the strong 4,000 level and successfully retested the 3,500 support level, which I consider to be a healthy correction. After a false breakout, the price bounced off the channel boundary and the upward trendline. I anticipate that the price will continue to rise, closeing above the resistance zone. My goal is resistance zone around 3950 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
5
Interest rate expectations and geopolitics still drive GOLDOANDA:XAUUSD corrected after rising sharply as the possibility of the Federal Reserve cutting interest rates next week increased significantly after the release of US CPI data. CME Group's "FedWatch" tool shows traders see a 98.5% chance the Fed will cut another 25 basis points at its December 17-18 meeting, a significant increase from the 86% chance before CPI data is released. The U.S. Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in November, both in line with market expectations. Economists surveyed by Dow Jones previously expected this number to increase an average of 0.3% month-on-month and 2.7% year-on-year. Excluding food and energy costs, the US core CPI rose 3.3% year-on-year in November and was up 0.3% month-over-month. Economists surveyed by Dow Jones on average expect core CPI to rise 0.3% month-on-month and 3.3% year-over-year. The market is now focusing on today's (Thursday) US Producer Price Index (PPI) data to shed more light on the Federal Reserve's interest rate cut roadmap. Geopolitical news once again boosted OANDA:XAUUSD On the daily chart, gold corrected after approaching the 0.236% Fibonacci retracement level and temporary upside was limited by this technical level. However, in terms of overall structure, the gold price has enough technical conditions to increase after breaking the falling price channel and bringing the main activity above the EMA21 line. Along with that, the Relative Strength Index also rose above 50, which should be considered a positive signal for the bullish outlook of gold prices. On the other hand, gold is likely to open a new bullish cycle when it breaks above the $2,730 level of the 0.236% Fibonacci retracement then the target is the Volume profile POC point, more so the $2,761 level and all-time highs. era established earlier. During the day, the technical outlook for gold is bullish with notable points listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,742 – 2,761USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2669 - 2671⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2676 ↨ →Take Profit 2 2681
OANDA:XAUUSDLong
by Xayah_trading
XAUUSDHere is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair. Alright first, let’s take a step back and take a look at XAUUSD from a bigger perspective . For this we will be looking at the H4 time-frame . XAUUSD is currently trading at around 2650s . Our scenarios stay the same. Let’s take another look at them with more in-depth outcomes. Scenario 1: BUYS We broke above 2660. That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) at around 2714 . Scenario 2: SELLS We respected our KL (Key Level) 2660 and have not broke above it. We are now targeting breaks of 2590 and revisits of 2530 . If 2530 is to be broken, we could easily see our next Key Level sitting at 2480 . Personal opition: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660. KEY NOTES - XAUUSD breaking above 2660 would confirm buys UP TO 2714. - XAUUSD failing to break above 2660 would confirm sells. - Breaks below 2604 would result in sells, down to 2550 and 2530. - If 2530 is broken, we can see our next KL (Key Level) 2480. Happy trading! FxPocket
FOREXCOM:XAUUSD
by FxPocket
GOLD NEXT MOVEDear Friends, Let’s take a closer look and trade accordingly. From the chart, we are witnessing a promising setup as the price has successfully broken out of the consolidation phase, reaching the $2726 level. Theoretically, based on Elliott Wave Theory, the pair is currently moving within Wave 4, a corrective wave following the completion of Wave 3, which closed below the $2722 level. What’s next? The price is likely to test a key liquidity zone, building momentum for a strong Wave 5, targeting $2758—a compelling and significant resistance level. Good luck, and may you achieve abundant profit:)
OANDA:XAUUSDLong
by Trader-Briannnn
Gold → Breaking through channel resistance. New ATH target?Hello everyone! Ben here! Today, gold has officially broken out of the price channel, while the bulls are striving to maintain control, defending the key support level around 2665. This level was formed in the context of a weakening USD after signs of correction. The precious metal is now facing significant growth potential, with the opportunity to distribute prices at local highs in the near future. Macroeconomic factors are playing an essential role in supporting gold prices. Concerns over rising tensions in the Middle East continue to drive safe-haven demand, making gold a highly sought-after asset. Meanwhile, the U.S. jobs report released last Friday has fueled expectations that the Federal Reserve (Fed) might consider cutting interest rates in its December policy meeting, which is generally a positive signal for gold prices. However, gold's growth outlook still faces short-term challenges. Investors are currently awaiting key inflation reports, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). Both reports are expected to provide critical signals for the Fed's monetary policy direction and could create substantial market volatility. From a technical perspective, the main trend remains bullish, but prices are currently testing strong resistance. To reinforce upward momentum, gold needs to break out of this resistance zone and sustain above it. If this happens, prices could quickly move to new highs. However, if prices fail to break through, a retest of key support areas around 2677 (Fibonacci 0.618) and 2663 (Fibonacci 0.5) should be anticipated before the uptrend can continue. Share your evaluations and questions about XAUUSD so we can discuss further!
OANDA:XAUUSDLong
by Bentradegold
1
EURUSD Technical Analysis: Bullish Reversal SetupEURUSD Technical Analysis: Bullish Reversal Setup Market Outlook: Potential Bullish Trend Emerging The EURUSD pair is showing promising signs of a significant trend reversal, with multiple technical indicators pointing to a potential bullish momentum in the near term. Traders should pay close attention to key support and resistance levels that could define the market's next move. Key Technical Levels - Support Level: 1.0520 (Potential Bullish Reversal Zone) - Critical Support: 1.0330 (Trend Invalidation Point) - Potential Bullish Target: 1.3200 Pattern Analysis The market has completed a clear ABC corrective pattern, setting the stage for a potential five-wave impulse move to the upside. This technical formation suggests a strong possibility of a trend reversal and subsequent bullish continuation. Trading Considerations 1. Entry Zone: Traders should watch the 1.0520 area carefully. This level represents a critical support zone that could trigger a bullish reversal. 2. Risk Management: The 1.0330 level serves as the trend invalidation point. Any sustained break below this level would negate the bullish scenario and require a reassessment of the market structure. 3. Upside Potential: The long-term bullish target remains at 1.3200, offering a substantial potential profit range for traders who can successfully navigate the initial reversal. Trading Strategy - Wait for confirmation of the bullish reversal around the 1.0520 support level - Look for clear five-wave move to the upside - Implement strict stop-loss measures below the 1.0330 invalidation point - Consider partial profit-taking at significant resistance levels As with all trading strategies, this analysis is not a guarantee of market movement. Traders should: - Use proper risk management - Implement stop-loss orders - Consider multiple timeframe analyses - Be prepared for potential market volatility Conclusion The EURUSD pair presents an intriguing bullish setup with well-defined technical parameters. Traders should remain vigilant, watching for confirmation of the proposed bullish reversal and the subsequent five-wave move. Always conduct your own due diligence and consult with a financial advisor before making trading decisions.
Long
by Akshulive
GOLD just passed $2,700, pay attention to CPI dataWednesday (December 11) on the Asian market, OANDA:XAUUSD Spot delivery increased again in the short term. Gold price has just surpassed the important milestone of 2,700 USD/ounce, reaching the highest level of the day as of the time this article was completed at 2,703.65 USD/ounce. Attention is turning to the US consumer price index (CPI) today (Wednesday) and the producer price index (PPI) on Thursday, both data will be important in influencing the Federal Reserve's decision to cut interest rates. According to market surveys, the US Consumer Price Index (CPI) is expected to increase 0.3% in November, with year-on-year increases expected to be 2.7% and 3.3%, respectively. %. Overall and core producer prices in the United States are expected to increase 0.2% month-on-month in November, with year-over-year increases of 2.6% and 3.2%, respectively. CPI data in line with expectations is unlikely to hinder interest rate cuts, but if the data shows inflation progress is slowing, the likelihood of a third consecutive rate cut by the Fed may decrease. The Chicago Mercantile Exchange's "FedWatch Tool" shows that the futures market expects an 86% chance that Fed Chairman Powell and his colleagues will cut the federal funds rate by 25 basis points at their meeting on August 17-18. /12. In addition, gold prices also skyrocketed when the Chinese central bank resumed gold purchasing activities. Meanwhile, the geopolitical situation plays an important role and still has many potential risks after Syrian President Bashar al-Assad was overthrown. Gold is considered a safe investment during times of economic and geopolitical uncertainty and tends to appreciate in low interest rate environments. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has initial conditions for a bullish outlook as it broke out of the falling price channel after a long period of sideways accumulation. On the other hand, the Relative Strength Index also rose above the 50 level, which should be considered a positive signal for the future growth prospects as it will move towards the 75-100 area. With that, EMA21 which was the previous resistance has now become the most notable support. Gold prices are pushed above the original price level of 2,700 USD, keeping price activity above the 0.382% Fibonacci retracement level will provide conditions for a new bull cycle with the target then around 2,730 USD where the Fibonacci retracement is located. 0.236%, more than the Volume Profile POC level. During the day, gold has all the technical conditions to increase in price and is temporarily limited by the original price of 2,700 USD. The notable points will be listed as follows. Support: 2,693 – 2,676 – 2,663USD Resistance: 2,700 – 2,730USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 →Take Profit 1 2714 ↨ →Take Profit 2 2709 BUY XAUUSD PRICE 2659 - 2661⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2666 ↨ →Take Profit 2 2671
OANDA:XAUUSDLong
by Xayah_trading
1
SOL 6H. Solana Heading to $400 in the Medium Term. 12/12/24The asset price is currently stabilizing within the $222-$204 range, which could serve as a critical support zone. Support is the level where the price tends to bounce back as buyers step in aggressively, holding the price at this level. In the short term, I’m considering a buy position targeting $260, which marks the upper boundary of the current range. For me, this is strictly a near-term goal. In the medium term, I anticipate Solana trading between $300 and $400. To put it clearly and concisely: I expect further growth for #SOL and do not foresee the price dropping below $204. DYOR.
Long
by trendbooster
POPCAT 1D. From Meme to Moon. 12/12/24The market went into the expected correction, but no one anticipated it would happen so quickly. As a result, the technical analysis of traders worldwide was effectively nullified. Those who thought otherwise simply guessed correctly—it's as simple as that. There's no point in justifying or looking for imaginary reasons for this drop. The expected shakeout of retail traders occurred, and we just need to accept it, forget it, and move forward. Given our targets for POPCAT, it's still not too late to invest in this asset. Moreover, your entry point could be better than most. A potential strategy is to invest 50% of your desired volume at the current price and place two additional limit orders of 25% each in the range of $1.0887 - $0.9877. The nearest target is $1.7550. DYOR.
Long
by trendbooster
TNSR 1D. The Next Big Governance Asset on Solana. 12/12/24Tensor Protocol is an autonomous protocol on Solana that NFT marketplaces can use to access deep liquidity and connect their users with other NFT traders. Tensor.trade, the leading NFT trading platform on Solana, is built on the Tensor Protocol. TNSR is the governance token of the Tensor Protocol. TNSR holders can vote on proposals related to protocol development, including the use of the community budget. Currently, the entire market is in correction, offering excellent opportunities to find new entry points. The project is quite promising, with significant growth potential. Even from the current levels, a 2x return is realistic. A potential strategy is to invest 50% of the desired volume at the current price and place two additional limit orders of 25% each in the range of $0.6269 - $0.5454. The nearest target is $1.3412. DYOR.
Long
by trendbooster
USD/JPY awaiting the FED!The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
Long
by Forex48_TradingAcademy
1
NETFLIX historic pattern targets $1500 in 2025.Last time we looked at Netflix (NFLX) was on its earnings release (October 21, see chart below), when we gave a strong bullish signal that easily hit our $840.00 Target: Since 3 week ago, the price even broke above the dominant 1-year Channel Up and is now in search of a new pattern. This pattern can be found if we zoom out considerably on the 1W time-frame, where the underlying pattern since the U.S. Housing Crisis is a 25-year Channel Up. The symmetry within this pattern is high and in fact since the June 2022 market bottom (which was a Higher Low on the Channel Up), the stock has been on a Bull Cycle. The Bear Cycle that preceded it had a massive decline of -77%. The last correction of this magnitude was the July 2011 - August 2012 Bear Cycle, which declined by -83%. The two Bull Cycles that followed Netflix's golden years were identical (+825% and +847%). As a result, we assume that the current Bull Cycle will also rise by at least +825% from its bottom, which gives us a $1500 Target towards the end of 2025. Notice also how both the 2012 - 2014 and 2022 - 2024 Bull Cycles had a 1W Golden Cross. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NFLXLong
by TradingShot
3