Nightly $SPX / $SPY Predictions for 12.09.2024🔮
📅Tue Dec 10
All Day
OPEC Meetings
📅Wed Dec 11
⏰8:30am
Core CPI m/m
CPI m/m
CPI y/y
⏰10:30am
Crude Oil Inventories
📅Thu Dec 12
⏰8:30am
Core PPI m/m
PPI m/m
Unemployment Claims
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Trade
AUDUSD AUD/USD attracts fresh sellers and is pressured by a combination of factors. A softer risk tone and bets for an early RBA rate cut undermine the Aussie. Subdued USD demand fails to lend any support ahead of the US NFP reportThe AUD/USD pair experienced significant weakness on Friday, sinking near its August lows at 0.6350 after the release of the USThe data showed a much stronger than expected increase in jobs, while rising expectations for an interest rate cut by the Reserve Bank of Australia (RBA) added pressure to the Australian Dollar. Additionally, weaker than expected domestic GDP growth figures further dampened the outlook for AUD/USD.
UMAUSDT Short Setup / Futures TradeBINANCE:UMAUSDT
COINBASE:UMAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, 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.
➡️Entry Area:
Yellow zone
⚡️TP:
3.66
3.53
3.41
3.29
3.13
🔴SL:
4.195
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
BELUSDT – Deeper Insights for a Stronger Conviction With BEL’s technical breakout in full swing, deeper insights into its fundamental and market-driven aspects help solidify the case for a massive rally. Let’s explore how BEL stands out in the crypto landscape, and why this breakout is primed for sustainable growth.
🔍 DeFi Adoption: The Catalyst for BEL's Growth
Bella Protocol (BEL) is part of the rapidly growing DeFi ecosystem, offering smart DeFi services and user-friendly tools like automated yield farming and optimized wallet management. As DeFi continues to expand, BEL is uniquely positioned to capture demand for simpler and more efficient decentralized finance solutions.
BEL's Role in the DeFi Market
1️⃣ Yield Optimization: BEL's protocols focus on maximizing returns for users while reducing gas fees—a significant pain point in DeFi.
2️⃣ Simplified UX: Bella Protocol offers one-click solutions that cater to non-technical users, enabling mainstream adoption.
3️⃣ Staking and Lending Integration: With BEL's staking and lending functionalities, users earn rewards while participating in a secure ecosystem.
💡 Growth Stat: According to DeFiLlama, the total value locked (TVL) in DeFi has grown to over $60 billion as of late 2024, with smaller-cap projects like BEL set to benefit from the renewed inflow of capital into the sector.
🛠️ Market Cap Insights – Undervalued Gem?
Current Market Cap vs. Potential Upside
BEL’s current market cap is ~ FWB:40M , making it a low-cap gem with room to grow significantly in the next bull cycle.
For perspective:
If BEL achieves a $400M market cap (10x growth), it would still rank lower than many mid-tier DeFi projects, suggesting plenty of upside remains.
BEL reaching the $2.00-$3.00 target range would place its valuation closer to competitors like SushiSwap or PancakeSwap, which have multi-billion dollar valuations during peak cycles.
Market Efficiency & Price Exploration
The breakout from multi-year lows is a signal that smart money is positioning ahead of BEL’s fundamental improvements and ecosystem growth.
Small-cap projects like BEL often see exaggerated price moves once volume increases, as liquidity is concentrated into fewer trades, amplifying volatility in favor of buyers.
💡 Key Insight: BEL’s lower valuation compared to larger DeFi competitors means it has greater room for exponential growth, especially in a bull market where investors chase undervalued gems.
📈 Tokenomics Breakdown – What Fuels BEL?
1️⃣ Circulating Supply:
BEL has a maximum supply of 100 million tokens, with over 60% already in circulation.
This healthy ratio reduces inflationary pressure compared to tokens with lower circulating percentages.
2️⃣ Staking Rewards:
BEL holders can stake their tokens and earn rewards, providing long-term holders with passive income while reducing market supply.
3️⃣ Ecosystem Usage:
BEL tokens are used for transaction fees, governance voting, and ecosystem development, tying token value directly to Bella Protocol’s growth.
4️⃣ Burn Mechanism:
BEL periodically burns tokens, creating a deflationary effect that supports price appreciation as demand increases.
💡 Stat to Watch: Bella Protocol’s staking APY and total staked tokens have steadily increased over the last 12 months, indicating rising interest in the platform.
📊 Broader Crypto Market Trends Supporting BEL
1️⃣ Altcoin Season Potential
As Bitcoin dominance (BTC.D) begins to decline, capital often flows into altcoins and mid-cap projects. BEL fits perfectly into this trend as a low-market-cap altcoin.
2️⃣ Increasing DeFi Activity
With growing uncertainty in traditional finance, DeFi continues to attract users, and protocols like BEL are perfectly placed to capture this flow.
3️⃣ Positive Regulatory Developments
Regulatory clarity around crypto has boosted sentiment for legitimate DeFi projects, including Bella Protocol, which complies with decentralized finance standards.
📊 Technical Insights Supporting the Bullish Case:
1️⃣ Historical Price Action
BEL previously surged to $3.00 during its last bull cycle, making this a key area to watch for price action.
The recent breakout suggests a revisit of these highs, especially as altcoin markets recover.
2️⃣ Bullish Market Sentiment
The crypto market is showing signs of renewed optimism, with increasing activity in mid-cap altcoins like BEL.
BEL’s triangle breakout aligns perfectly with the broader trend of altcoins gaining momentum, signaling that the market is gearing up for a strong move.
3️⃣ Fibonacci Confluence
The 0.618 Fibonacci retracement level aligns with the breakout zone at $0.75-$0.85, making it a high-probability entry point.
Extensions point to $2.00 and $3.00 as logical upside targets based on historical price behavior.
🔥 Final Verdict – BEL as a Must-Watch Altcoin
BEL has all the hallmarks of a strong breakout trade and long-term hold, with technical, fundamental, and market-driven factors aligning for a potential multi-fold rally. Its undervalued position in the DeFi sector, combined with its technical breakout and growing adoption, makes it one of the most compelling altcoin opportunities heading into 2025.
Is the move going to continue?The Commitment of Traders (COT) report currently indicates exceptionally light open interest among large speculators, while retail traders are beginning to shift towards selling. I find it particularly insightful to monitor the COT report when there is a notable sentiment shift among retail participants. Looking forward to analyzing Monday's data.
ZRO Targets for ZRO Holders / Layer ZeroBINANCE:ZROUSDT
COINBASE:ZROUSD
👾
ZRO is an outstanding project, and I'm expecting its price will soar to at least $10.
Given the predicted market volatility in the near future, I recommend that if you haven't invested in this project yet, you start buying gradually and watch the results unfold.
I’ll be providing updates on this setup, so make sure to follow and save it for future reference.
➡️Entry Area:
Yellow zone-
⚡️TP:
Realized
Realized
Ongoing:9.19 - 12.53
🔴Setup Cancellation:
3.15
🧐The Alternate scenario:
If the price stabilizes below the Setup Cancellation zone, the setup will be canceled.
Gbpusd setup GBP/USD trades with a positive bias for the third straight day and rises further above the 1.2700 mark in the European session on Thursday. The pair takes advantage of the sustained US Dollar weakness and mild risk appetite heading into the US data releases later in the day The Relative Strength Index (RSI) indicator on the 4-hour chart holds slightly above 50 and GBP/USD managed to hold above the 100-period Simple Moving Average (SMA) after testing this level several times since Tuesday, highlighting sellers' hesitancy.
Looking north, resistances could be spotted at 1.2700 (Fibonacci 38.2% retracement of the latest downtrend), 1.2750 (Fibonacci 50% retracement) and 1.2810-1.2800 (Fibonacci 61.8% retracement, 200-period SMA). On the downside, immediate support is located at 1.2650 (100-period SMA) before 1.2630-1.2620 (50-period SMA, Fibonacci 23.6% retracement) and 1.2600 (round level, static level)
Gold Price Analysis December 4Fundamental Analysis
Gold prices traded in a positive bias for the second consecutive day on Wednesday, despite lacking bullish conviction and remaining confined within the familiar range that has held for the past week or so. Traders appear reluctant at the moment, opting to wait for further signals on the Federal Reserve’s (Fed) interest rate cut path before placing any directional bets. As such, the market focus will remain on Fed Chairman Jerome Powell’s speech later today, along with Friday’s US Non-Farm Payrolls (NFP) report, which will guide policymakers on their next monetary policy decision.
Technical analysis
breaks the 2647 level once again Gold is heading towards the technical resistance level of 2655. Gold is still trading in the accumulation range waiting for Nonfarm, most likely today there will be no break out of the 55 and 2635 ranges. The sideways market is quite difficult for trend traders. Wait and see how the European session will fluctuate. If it cannot break 2651, you can SELL to 2643-2635. If the price pushes up to 55 but cannot break this area, this is the trading range that can be reported today.
Gold price analysis December 3Fundamental Analysis
The focus now appears to have shifted to the Fed policy outlook following the latest speeches from several Fed policymakers and ahead of Friday's Non-Farm Payrolls (NFP) data. Trump threatened to impose 100% tariffs on Brazil, Russia, India, China and South Africa if they create a new currency or support another one to replace the Greenback.
However, a rebound in safe-haven demand for the USD early on Tuesday kept gold buyers on their toes. Persistent concerns about China's economy and Trump's threat of global tariffs remain a drag on investor sentiment.
Gold's next move will likely depend on upcoming US jobs data and its impact on Fed rate cut expectations. Meanwhile, gold traders remain wary of geopolitical tensions between Russia and Ukraine, between Israel and Iran, which could have a strong impact on the traditional safe haven asset, gold.
Technical analysis
The immediate price range that gold is facing is the 2633 and 2652 zones. The 2633 zone has been relatively weak as the Asian session tested this zone once. If the 33 zone fails to hold, 2629 will become a buffer for gold before finding the main support zone of 2618. The US port zone of 2652 last night is also relatively strong at the moment and it is relatively difficult for gold to overcome and reach 2662 today.
Gold price analysis November 26Fundamental analysis
Gold prices struggled to capitalize on an intraday rebound from a one-week low of $2,600 and remained low for a second straight day heading into the European session on Tuesday. US President-elect Donald Trump’s tariff threat prompted some safe-haven flows and provided a modest intraday gain for the safe-haven precious metal. However, expectations of a less dovish Federal Reserve (Fed) capped gains in the non-yielding yellow metal.
Meanwhile, growing market confidence that Trump’s expansionary policies will stoke inflation and force the Fed to cut interest rates gradually has triggered a fresh rally in US Treasury yields. This has helped the US Dollar (USD) regain positive momentum and has become another factor undermining demand for gold. Additionally, optimism over Scott Bessent's nomination as US Treasury Secretary and the possibility of a ceasefire between Israel and Hezbollah have kept XAU/USD in check.
Technical Analysis
2606 has become an important support zone to keep gold prices above 2600. Any sign of gold breaking the immediate port level of 2611 will send gold to 2606 where support is the most important key zone for gold prices today. If this zone is broken, we will pay attention to the next support zone around 2591 and 2580. 2631 and 2649 have become two important resistance zones today when gold prices break the upper border and close above 2618.
GBP/USD Analysis: Potential Bearish SetupThe GBP/USD pair is showing signs of a bearish continuation within a well-defined descending channel on the 4-hour timeframe. Price is currently testing the upper boundary of the channel, aligning with a potential reversal zone.
Resistance Zone: Price is rejecting near the 1.2875 level, which corresponds to the channel's upper boundary and a potential supply area.
Bearish Divergence: The RSI shows signs of exhaustion near the overbought territory, hinting at a possible shift in momentum to the downside.
The overall trend remains bearish, and as long as price stays within the channel, the bearish bias will likely prevail. Monitor price action closely for confirmation of the reversal!
GBPUSD Analysis Week 48🌐Fundamental Analysis
Traders have reduced their bets on another Bank of England (BoE) rate cut this year after data released last week showed that underlying price growth in the UK accelerated in October. This has further contributed to the relative outperformance of the British Pound (GBP) against its US counterpart and confirmed the positive outlook for the GBP/USD pair.
US PCE data released on Wednesday showed that the pace of deflation in the US stalled in October. Moreover, investors now appear to believe that US President-elect Donald Trump’s expansionary policies will boost inflation. This follows the hawkish FOMC minutes earlier this week, which revealed that the Committee could pause its policy rate easing if inflation remains high. Additionally, geopolitical risks and trade war concerns could benefit the relative safe haven status of the Greenback and limit the upside momentum of the GBP/USD pair.
🕯Technical Analysis
The 1.250 support level was accepted by the market as it pushed the price to 1.273 during the final trading session of the week. The break out of 1.262 marked a major development of GBPUSD back to the uptrend. To mark a new growth, GBPUSD needs to trade above the 1.276 area. And immediately we can see GBPUSD trading within the price range of 1.276 and 1.262. Watch the strongest resistance zone of 1.286 for market fluctuations in Nonfarm next week.
📈📉Trading Signals
BUY GBPUSD 1.262-1.260 Stoploss 1.258
SELL GBPUSD 1.286-1.288 Stoploss 1.290
ATOMUSDT Long Setup Setting / Quick 15Min LongBINANCE:ATOMUSDT
COINBASE:ATOMUSD
📈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.
➡️Entry Area:
Yellow zone
⚡️TP:
8.723
8.811
8.913
9.029
🔴SL:
8.358
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
DOGSUSDT Long Setup Setting / Quick 15Min Long BINANCE:DOGSUSDT
CRYPTOCOM:DOGSUSD
📈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.
➡️Entry Area:
Yellow zone
⚡️TP:
0.000772
0.000784
0.000793
0.000804
🔴SL:
0.000714
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Bitcoin: The Crypto Rally Isn’t Over—Are You Ready for the Next Bitcoin: The Crypto Rally Isn’t Over—Are You Ready for the Next Leg?
Bitcoin has been leading the charge in the recent crypto rally, showing strength and resilience across key levels. While some traders might expect a pause or a pullback, I don’t think the bullish momentum is done just yet.
I believe there’s at least one more leg up in this rally, and I’m preparing to capitalize on the move. Here’s the breakdown:
Momentum in the Crypto Market
Bitcoin has been riding a wave of optimism, driven by institutional interest, improving sentiment, and favorable macro conditions. The broader crypto space seems to be in a risk-on mode, supporting further upside potential.
Bullish Continuation Likely
The recent rally has broken key resistance levels, signaling strength in the trend. While short-term consolidation or small pullbacks may occur, the overall trajectory remains upward.
Trade Idea
Looking for Longs: My bias remains bullish, and I’m ready for the next move higher. I’m focusing on dips into support zones or breakouts above resistance for potential entry points.
Risk Awareness: While the rally looks strong, volatility in crypto markets can strike unexpectedly. Managing risk remains crucial.
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend.
Entry Idea: On retest of the neckline or consolidation above the breakout zone.
Stop-Loss: Below the right shoulder for risk management.
Take-Profit Target: $108K, in line with the projected breakout target.
Keep an eye on volume too.
Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly.
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