Nov.26-Dec.02(ETH)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
After rising to around $3,700 last week, ETH has been experiencing some volatility. The WTA indicator shows a disappearance of the blue bars representing whales, indicating a gradual reduction in large capital inflows. Meanwhile, the purple wave area on the ME indicator is widening, suggesting a strengthening of bullish sentiment.
In summary, we believe that ETH may continue to fluctuate this week, and it is essential to be mindful of the risks associated with price volatility. We have adjusted the resistance level to 3,800 and the support level to 3,200.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Supply_and_demand
Nov.26-Dec.02(BTC)Weekly market recapSince last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.Since last week, the market has entered its favorable seasonal period, typically characterized by heightened optimism due to holidays such as Thanksgiving and Christmas. The nomination of Bessen as Treasury Secretary, who advocates for deregulation, a reduction in national debt issuance and deficits, and support for cryptocurrencies, has further bolstered market sentiment.
However, the inflation risks stemming from Trump's high tariff policies remain the primary concern for the market, as they diminish the likelihood of the Federal Reserve continuing to cut interest rates over the next 25 years. The PCE released on November 27 reached 2.8%, showing no signs of slowing down for six months, which has heightened concerns about re-inflation. Consequently, this week's non-farm payroll numbers and unemployment rate will be closely monitored; if the non-farm data significantly exceeds 200,000, it could intensify market fears regarding a pause in interest rate cuts.
Recently, the U.S. government plans to sell $2 billion worth of BTC, which may exert some selling pressure on the market. Additionally, data indicates that BTC's market share has declined from 60% a month ago to below 57%, approaching a multi-year support line, while ETH's market share has similarly dropped to 12.9%.
These macroeconomic and external factors will undoubtedly impact the cryptocurrency market.
Last week, BTC exhibited a trend of wide fluctuations at high levels, with significant price volatility. The WTA indicator shows the disappearance of the blue bars representing whales, indicating a gradual decrease in large capital inflows. The ME indicator remains within the purple wave area, maintaining a bullish trend.
In summary, we believe BTC may continue to experience volatility, and caution should be exercised regarding price fluctuation risks. We have adjusted the resistance level to 100,000 and the support level to 90,000.
Disclaimer: Nothing in this script constitutes investment advice. The script objectively outlines market conditions and should not be construed as an offer to sell or a solicitation to buy any cryptocurrency.
Any decisions made based on the information contained in this script are solely your responsibility. Any investments made or to be made should be independently analyzed based on your financial situation and objectives.
XAUUSD / TODAY REMAIN DEMAND ZONE EXPECTED TO INCREASE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The price has declined and hit a profit target of +455 pips, indicating a successful trade.
Prices are now trading above a demand zone between $2,627 and $2,611 , This implies strong buyer interest in this range, providing support.
If the price remains above the demand zone, it suggests a likely increase to a supply zone between $2,695 and $2,720 , This reflects a potential upward trend driven by continued buying pressure.
If the price breaks below the demand zone, further declines are expected , The next identified demand zone is between $2,595 and $2,585, where buyers may step in again.
Tesla (TSLA) Elliott Wave Analysis: Uptrend OpportunitiesHigher Time Frame (HTF) Perspective (Weekly Chart)
Tesla has been in a strong uptrend since April 22, 2024, when it bounced from a major demand zone after being in a downtrend science Nov 2021.
with a clear Elliot wave 1,2,and 3 formations,
the impulsive Wave 3 on the HTF appears complete, with an expected retracement to Wave 4 levels in the $326–$293 zone, which aligns with a major demand area. This zone could serve as an excellent entry point for the next impulsive Wave 5 upward.
Lower Time Frame (LTF) Perspective (4H Chart)
Within the broader Wave 3, we see a potential wave extension forming as the 4H Wave 5, targeting the $470 level (1.618 Fibonacci extension of the Wave 3 move).
A strong resistance area is forming near the $365 swing high, which must be cleared for further upside confirmation.
Strategy Breakdown
1. Scenario: Bullish Continuation
Buy Stop Entry: Place a buy stop order above the last swing high at ~$365 to confirm breakout momentum.
Stop Loss: Below the swing low at ~$320, protecting against false breakouts.
Take Profit Target: Aim for $470, the projected extension of the lower timeframe Wave 5.
This setup ensures capturing the next leg higher while avoiding premature entries.
2. Scenario: Bearish Pullback
If the price fails to break above $365 and pulls back, monitor the broader HTF Wave 4 retracement.
Key demand zones are at $326–$293, supported by:
Fibonacci retracement levels (50%–61.8% of the Wave 3 move).
Historical accumulation zones.
Action: Wait for consolidation or bullish reversal patterns in this zone before entering long positions for the anticipated HTF Wave 5 targeting higher highs.
Risk-Reward Analysis
Upside Potential: From a confirmed breakout at $365, the potential gain to $470 offers a reward of approximately 105/share, which is a 29% upside.
Downside Risk: With a stop loss at $320, the risk per share is about 45/share, yielding a Risk-Reward Ratio of ~1:2.3.
Adjust position sizing to maintain your account's risk tolerance (e.g., 1%-2% per trade).
Analysis Summary
Tesla's technical setup provides two viable trade scenarios:
Riding the LTF Wave 5 to $470 if the $365 resistance breaks.
Waiting for the HTF Wave 4 pullback to the $326–$293 demand zone for a safer long entry.
"Be patient, monitor volume and momentum, and let price action confirm your entries."
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly and consider consulting a financial advisor before making trading decisions.
Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525
Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606
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XAUUSD / TRADING INSIDE FVG / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Price Action , Gold prices are stabilizing within the FVG area, indicating potential for a decline , The immediate target price within this range is $2,670.
If prices remain below $2,670, they are expected to decline toward $2,628, which represents a lower level within the FVG , A further break below $2,628 could lead to a decline into the demand zone, between $2,595 and $2,585.
If gold prices break above $2,680, they are expected to rise into the supply zone, ranging between $2,695 and $2,720.
Overall Sentiment , The market is currently under downward pressure, suggesting a bearish bias unless prices break key resistance levels.
BTCUSDT / TRADING UNDER SUPPLY ZONE AND ATH / 4H BTCUSDT / 4H TIME FRAME
HELLO TRADERS
Current Trend , Prices are under downward pressure, trading below a defined supply zone (97,923–99,531) , A supply zone indicates a range where selling interest is high, causing resistance to upward price movement.
If prices remain below the supply zone and stabilize , A decline toward a demand zone (92,402–90,794) is expected , A break below the demand zone, confirmed by a 4-hour (4H) candle closing beneath it, suggests further decline toward a lower range price of 88,698.
If the supply zone is breached, particularly with a break above the all-time high (ATH) price of 99,600 , Prices are expected to rise toward a new historical zone between 100,800 and 104,000.
DXY. Technical analysisHello traders and investors!
The seller has returned the price to the range on the weekly timeframe (see the related post). The price is now below the upper boundary of the range at 106.952.
We are monitoring the 106.083 level.
If the buyer breaks through and defends it, it would be reasonable to look for buying opportunities.
However, if the seller defends this level, selling will be the priority.
You can use the 4-hour timeframe for monitoring.
Good luck with your trading and investments!
GOLD. I expect a correction below 2605Hello traders and investors!
I expect a correction in the price of gold below 2605.
The buyer did not defend the 2710 level (see the previous post), and the seller resumed from the price range of 2721–2759.
As a result, a range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855. A seller's zone has developed at the upper boundary of the range (red rectangle on the chart). The current seller's vector is 6-7, with the first potential target at 2605.31. Just below is the level marking the start of the last buyer's impulse on the weekly timeframe—2604.39—which has already been manipulated (false breakout).
Therefore, it’s likely that the buyer will resume from these price levels. If the buyer does resume, the first potential target is the lower boundary of the seller's zone at the upper boundary of the range (2668.2).
Good luck with your trading and investments!
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4874
2nd Support – 1.4912
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EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incom"EUR/USD Ready for Liftoff: Demand Zone Hold & Wave 1 Rally Incoming 🚀"
Analysis:
Price has completed Wave (c) in a corrective structure and is primed for a bullish Wave (1) push.
The pair is sitting strong in the 1.0200-1.0325 demand zone, showing signs of a bounce.
Key Drivers:
Forex Options Expiry: High activity around 1.0570-1.0600 today could act as a pivot zone for price.
DXY Weakness: Dollar Index stalling below resistance supports EUR strength.
The Setup:
Long Entry: Look for buys near 1.0325 or on confirmation of a breakout above 1.0600.
Stop Loss: Below 0.9538 (below the demand zone or the last swing low (wave c).
Targets:
T1: 1.1688 (Fibonacci extension level).
T2: 1.2264-1.2345 (key supply zone).
Risk-Reward Ratio: With a 6:1 RRR, this is a textbook setup for catching a multi-month rally.
Quick Note for the Bulls:
Stay patient for the demand zone reaction or confirmation of Wave 1 breaking higher. Protect your capital by sticking to the plan.
Follow for more trade setups and share this idea to boost it to your trading circle! 💹
Disclaimer: This is not financial advice. Always manage your risk and trade responsibly.
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies.
Technical Analysis:
The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level.
The repeated testing of support without a significant breakdown strengthens the case for a potential bounce.
Key support: ₹ 1990-2000
Key resistance: ₹ 2441-2550
Trade Setup:
Entry: Near the support level around ₹1990-2000.
Target: ₹2441-2550, the upper boundary of the consolidation range.
Stop Loss: Below the support level, to minimize risk if the support fails.
Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9104
Target Levels:
1st Support – 0.9060
2nd Support – 0.9032
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Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15
Target Levels:
1st Support – 159.88
2nd Support – 158.91
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US30 / UNDER CPI PRESSURE / 4HUS30 /4H TIME FRAME
HELLO TRADERS
The analysis begins by noting a profitable decline of 590 pips, indicating that the asset has experienced a significant downward movement recently, which has been profitable for traders taking short positions.
The price is approaching an FVG zone between 43,381 and 42,984. A Fair Value Gap typically represents an area where the price may experience consolidation, or a period of sideways movement, before it makes a decision to either move higher or lower.
If consolidation occurs within the FVG, the price may rise toward a supply zone (44,252 to 44,532), which suggests a resistance area where selling pressure could occur, preventing the price from moving higher.
The analysis highlights a bearish sentiment, meaning the overall expectation is for the price to continue moving downward unless there is a breakout above the supply zone , If the price fails to stabilize above the FVG, further decline is expected. The target for this decline is a support zone between 42,716 and 42,335, where buyers might enter, potentially halting the downward move.
The downward pressure is noted as the dominant force unless the price manages to break above the supply zone ,Traders will need to watch whether the asset stabilizes within the FVG, as this will determine whether the bearish trend continues or a reversal occurs.
DOGE/USDT - Rising Wedge Breakout - H4 ChartThe DOGE/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.3910
Target Levels:
1st Support – 0.3188
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Weekly Crypto Facts: What to expect next?Hello traders and investors!
Last week saw several interesting developments in crypto assets that may influence the situation in the coming days.
BTC : The breakout impulse from the range on the weekly timeframe continues. This marks the fourth weekly consecutive bullish candle, with declining volume (!) compared to the previous three. This could indicate a lack of interest from both buyers and sellers at these price levels. We might see a consolidation period. A similar situation occurred recently on the daily timeframe, where consolidation lasted for six days before a new buying impulse formed (see the post from November 15). Note that the key candle for the breakout is now from November 11.
DOT : The price formed a buyer's impulse on the weekly timeframe, surpassing 6.611 (the starting level of the last seller's impulse on the weekly chart). The volume and spread of the weekly candle are impressive. It’s possible that the price may rise further without a correction. If there is a pullback to 7.775–8 and the buyer resumes, it could present a buying opportunity.
OP : The price broke out above the range’s upper boundary on the weekly timeframe (1.989). The weekly candle’s volume and spread are impressive. On the daily chart, the price has been consolidating above 1.989 for three days. We are watching for the price’s reaction to 1.989—whether the buyer will defend the breakout from the range. The key candle of the last buying impulse on the daily chart from November 21 crosses 1.989. If the seller pushes the price back into the range and defends this return (at 1.989), it could be an opportunity to look for short positions.
SOL : The price updated its all-time high at 259.9. The weekly candle’s volume is declining, which may indicate a lack of interest from both buyers and sellers at these levels. A consolidation period could be ahead. We will assess the seller's reaction by the end of this week.
TON : Factors have emerged favoring the realization of the buyer’s vector within the range on the weekly timeframe, with a target of 7.260.
Good luck with your trading and investments!
Interesting facts of the week: What to expect next?Hello traders and investors!
The past week brought several interesting events that may impact the situation's development in the coming days.
The U.S. Dollar Index has reached the upper boundary of its range on the weekly timeframe at 106.952. There might be an attempt to reverse the long trend, with the idea of executing the seller’s vector within the range on the weekly timeframe (potential targets are 99.807 and 99.099).
The Euro against the Dollar has reached the lower boundary of its range on the weekly timeframe at 1.04485. There might be an attempt to reverse the short trend, with the idea of executing the buyer’s vector within the range on the weekly timeframe (potential targets are 1.12142 and 1.12757).
Gold , after bouncing off the 50% level (2538.5) of the last monthly buyer’s impulse, has broken through 2710.52, which was the beginning of the last seller’s impulse on the daily timeframe. On the weekly timeframe, there was a manipulation (false breakout) of the level where the last buyer’s impulse started (2604.39), and the weekly bar is impressive with its spread. On the one hand, there is an opportunity to look for buys, but on the other hand, a seller may appear just above in the 2721–2759 range. Let’s see who will win the battle for the 2710.52 level.
SPX500 . The buyer is defending the breakout from the range on the daily timeframe. The buyer has absorbed the seller’s attack bar from November 15 (which had high volume) on the upper boundary of the range at 5891.6. As a result, a buyer’s zone has formed on the upper boundary of the range (upper edge of the zone is 5975.6). Additionally, the price dipped below the 50% level of the last buyer’s impulse on the daily timeframe. You can look for buying opportunities if the buyer reactivates from this zone.
Good luck with your trading and investments!
Sell TURBO/USDT Triangle Breakout in H4The TURBO/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming Days. BINANCE:TURBOUSDT
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.0081
Target Levels:
1st Support – 0.0047
2nd Support – 0.0023
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Thank you.