AAVE/USDT Technical Analysis$AAVE/USDT Technical Analysis
CRYPTOCAP:AAVE is currently trading at $335.94, reflecting a +5.32% gain for the day. The price is consolidating within a symmetrical triangle pattern, indicating potential for a breakout. A bullish move above the triangle could set the stage for significant upside, targeting higher levels.
Support Zone (Long Entry): $271.50
Target 1 (T1): $432.51
Target 2 (T2): $533.51
Target 3 (T3): $628.49
Wave Analysis
Dogecoin roadmap (new update) 3DIt's time to take a step back from Elon Musk's favorite coin!
From the point where we placed the red arrow on the chart, it seems that Dogecoin's major correction had begun, and at the point where we placed the green arrow, Dogecoin's bullish phase started—a large, multi-year phase.
This bullish phase, based on price-time rules, appears to be a diametric or symmetrical pattern.
Now it seems that wave E of this large diametric has completed, and the price is entering wave F, which is a bearish wave.
Previous corrective waves of this diametric lasted between 196 and 347 days, so wave F is also expected to last between 196 and 347 days.
Similar to waves B and D, wave F is expected to be highly volatile.
Between the two vertical lines and within the horizontal green zone, the correction for wave F is expected to conclude, transitioning into wave G. Wave G will be a bullish wave that might lead to a new ATH (All-Time High).
A weekly candle closing below the invalidation level will invalidate the buy outlook for the green zone.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Gold is Ready to Break Resistance lines!!!Gold attacked a Heavy Support zone($2,605-$2,584) yesterday, as I expected .
Gold is starting to rise from the Heavy Support zone($2,605-$2,584) and breaking the First Resistance lines .
According to the theory of Elliott waves , Gold managed to complete wave 5 so that wave 5 was Truncated .
I expect Gold to attack the Downtrend line and the Resistance zone($2,642-$2,620) after breaking the First resistance lines .
⚠️Note: If Gold goes below $2,600, we should expect more Dumps⚠️.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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TSM: Growth and Charts Align for 15%+ Target?Hey Realistic Traders, Will NYSE:TSM Create a New All-Time High? Let’s Dive In....
TSMC is the world’s largest contract chipmaker. Recent Earning Call reported whooping third quarter revenue of $759.69 billion, marking a YoY increase of 36.5%. The performance is beating the market forecast. Double Digit Revenue Growth is driven by demand for AI Chips especially with major client like NVIDIA & Apple and 3-nanometer &5 nanometer technology in Smartphones. TSMC Chief Financial Officer Huang Renzhao shared optimistic project for the company. TSMC expect Q4 quarterly revenue growth of approximately 13%, sligtly above the market the market expectation.
Strong AI-Related demand predicted to persist for year, inlined with the company’s perfomance and expectation. The positive sentiment support our bullish call on NVIDIA.
Technical Analysis
On the daily timeframe, TSM has remained above the EMA200 line for over a year, maintaining its bullish trend. On August 5, 2024, TSM rebounded impulsively from the EMA200 line after completing an ABC correction pattern, signaling the start of a new bullish wave.
The second and fourth corrective waves have retraced to the Fibonacci 0.382 and 0.618 golden ratios, respectively, aligning with Elliott Wave rules that typically indicate further upward movement.
In addition to the Elliott Wave analysis, a breakout from a Descending Broadening Wedge pattern has been identified. Such breakouts often signal the continuation of the prevailing market trend.
Therefore based on these technical analysis, I foresee a potential upward movement toward the first target at $217.85 or second target at 234.46
This outlook remains valid as long as the price holds above the stop-loss level at 177.95
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Taiwan Semiconductor."
UXLINK/USDTKey Level Zone : 1.321-1.3743
HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
Ethereum ETH Will Outperform Bitcoin In 2025!Hello, Skyrexians!
Recently we analyzed the Ethereum price chart and we expect the huge growth, but there is another one important question, what is going to be more profitable in the upcoming year, sit in Bitcoin or Ethereum? CRYPTOCAP:ETH.D can help us to answer this question. Moreover, if ETH will outperform the market, layer 2 such as BINANCE:OPUSDT , BINANCE:ARBUSDT and BINANCE:STRKUSDT will also show the great performance. We know that most of you are thinking that these projects are dead, but in case of this analysis plays out they can revive from the dead zone!
Let's take a look at the monthly time frame. Since the previous bull run ETH dominance is in large correction. Previous growth we can count as the wave 1 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After this wave we have seen the large wave 2 with the ABC shape. It could be already finished with the green dot in the target area inside Fibonacci 0.61. Now it's time for wave 3 which has the target at 37%.
Best regards,
Skyrexio Team
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12.24.2024 GOLD Logic Analysis + Opportunity AnalysisHello traders,
Everyone must be clear that there are multiple factors causing tight liquidity at the end of 2024
1. Special Timing Factors
- US markets traditionally have lower liquidity during Christmas to New Year period
- Financial institutions' year-end settlements and balance sheet adjustments
- Traders' holiday breaks naturally lead to decreased trading volume
2. US Government's Debt Issuance Pressure
- Scale: Treasury auctions exceeding $70 billion
- Timing: During the lowest liquidity period
- Distribution of Types:
- 2-year Treasury bonds
- 5-year Treasury bonds
- 7-year Treasury bonds
- Impact: Will further drain dollar liquidity from the market
3. Federal Reserve's Response Measures
Fed's current Standing Repo Facility (SRF) (temporary liquidity operations) characteristics:
- Time window: 12/30/2024 - 1/3/2025
- Scale: $500 billion daily
- Nature: Temporary liquidity support
- Operation method: Overnight repo
Interpretation of Fed's SRF policy implications:
- Only covers the most critical days around year-end
- Shows Fed's vigilance against market volatility
4. Risk Warnings: Liquidity Risk + Thin Holiday Trading
- Market volatility may increase
- Asset prices may fluctuate
- Trading costs may rise
- Year-end cross-year trading requires caution
Last week's group reminder: Gold short-selling plan, short targets were:
TP1: 2648 achieved, manage positions and trailing stops
TP2: 2618 first target for new positions, consider entry timing on Thursday after Fed meeting
TP3: 2575 not yet reached
Friday's group reminder: Not advisable to enter new positions, continue managing stops and position sizes for existing short positions.
This week, due to Christmas holidays, liquidity is low, not recommended to open new positions.
Continue managing stops and positions for last week's short positions, ultimate profit target remains at 2575, but if stop losses are triggered unexpectedly, exit and observe, waiting for the next opportunity.
Technically, on the 4-hour chart, gold's retracement has reached the first structural position (STRUCTURE 1) at FIBO 382 level in the 2930-2940 area. Watch the resistance force when price reaches this position, observe for new 1-hour reversal signals for potential continued downward movement in gold.
GOOD LUCK!
Merry Xmas!
LESS IS MORE!
BANKNIFTY : Trading levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024):
In today's session, Bank Nifty opened near the 51,097-51,272 resistance/support zone, as anticipated in the plan.
Prices respected the Opening Resistance/Support zone , consolidating within this range initially (yellow trend indicating sideways movement).
A breakout above 51,272 was short-lived, and prices struggled to sustain higher levels, aligning with the plan's cautionary note about rejection patterns.
The range-bound behavior observed in the chart perfectly matches the yellow zone prediction in the plan, highlighting indecision in the market before testing key levels.
No significant bullish or bearish breakout was sustained, demonstrating the market's hesitancy near the projected levels.
Key Takeaway: The trading plan's highlighted zones (resistance and support) provided reliable levels for observing price action and market trends, with the sideways movement being accurately forecasted.
The chart for the 24th of December 2024 provides a detailed plan for different opening scenarios, including gap up, flat, and gap down openings. This plan will help traders navigate the market effectively.
Trading Plan for 24-Dec-2024
Gap Up Opening (200+ points)
If the market opens above 51,593.00, look for a bullish trend continuation towards the next resistance level at 51,719.00. Monitor price action around 51,719.00. If the price sustains above this level, the next target would be 51,962.00. Place a stop loss below 51,593.00 to manage risk.
Flat Opening
If the market opens around the previous close of 51,287.25, observe the price action within the no trade zone (51,306.90 to 51,353.00). A breakout above 51,353.00 could signal a bullish trend towards 51,420.95. A breakdown below 51,306.90 could indicate a bearish trend towards 51,267.00. Manage risk by placing stop losses just outside the no trade zone.
Gap Down Opening (200+ points)
If the market opens below 51,073.00, look for a bearish trend continuation towards the next support level at 51,010.00. Monitor price action around 51,010.00. If the price sustains below this level, the next target would be 50,781.00. Place a stop loss above 51,073.00 to manage risk.
Risk Management Tips for Options Trading
Always use stop losses to limit potential losses. Avoid over-leveraging; trade within your risk tolerance. Diversify your trades to spread risk. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions.
Summary and Conclusion
The trading plan for the 24th of December 2024 outlines strategies for different opening scenarios, including gap up, flat, and gap down openings. By following the plan and adhering to risk management principles, traders can navigate the market effectively. Remember, the yellow trend indicates sideways movement, the green trend indicates a bullish trend, and the red trend indicates a bearish trend.
Disclaimer
I am not a SEBI registered analyst. This plan is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
$SOL almost backCRYPTOCAP:SOL took a little longer to arrive. But now it seems that he actually wants to return to his channel.
I also see this happening in RSI on the 4 hour chart. If this continues, we could easily go back to the bull side with our $SOLANA.
For now I see it positively and I think if Bitcoin does not complete its correction or if I am just completely wrong, we may enter the bull market again.
The more charts I see, the more positive I become.
Be kind to the world and each other!
LPT has a buying opportunity !From the point where we placed the green arrow on the chart, it seems that LPT has entered a diametric pattern.
Wave D appears to have been a triangle that has completed.
If a pullback occurs towards the green zone, it would be a buying opportunity.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ATOM still needs some momentum to tackle the 14$ areaI'm observing a large, overarching bullish structure (dark blue) with an underlining orange structure. The price has turned at a resistance level, and I see an upward move within the red structure, bringing us to the reversal zone of the orange XY level.
I plan to short the market again to complete the orange structure, so I'm not entering any long positions until the lower end of the blue reversal area. I see two strong short opportunities, each with defined entry, take profit, and stop-loss levels.
This is my current view and trading plan.
Nat Gas Monday 23 DecToday was the day for swing traders. There come some days when you can't help but make money. The market opened with the gap on the upside, stayed sideways for a while then started creeping down. At one point selling pressure was so high price hardly rallied. For swing traders, this was that day of the month. For scalpers, it was business as usual.
But the interesting thing about today is that volatility was high. It was no big deal cause the targets were also big. As long as the price is above 300 big swings are here to stay. Prepare yourself for big swings!
See you Tomorrow.
KOMA/USDTKey Level Zone : 0.15617-0.15873
HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
Intuitive Surgical (ISRG) LongIntuitive Surgical Inc. (ISRG), is the pioneer behind the revolutionary da Vinci Surgical Systems, is transforming the landscape of minimally invasive surgery. With its cutting-edge robotic platforms, ISRG enables precision, efficiency, and enhanced patient outcomes, making it a leader in the medical technology sector.
From a market performance perspective, ISRG has delivered impressive returns, demonstrating strong investor confidence. The stock has appreciated **55.45% Year-to-Date, 28.04% in the last 3 months, and a solid 10.94% in the past month. These figures reflect the company's robust financial health, innovation-driven growth, and favorable market sentiment, positioning ISRG as a standout performer in the healthcare sector.
Trade Idea:
ISRG appears to have completed a corrective ABC wave as the stock bounces off a strong demand zone (~$506–$522).And the stock is likely transitioning into a new impulsive Elliot wave sequence (Wave 1).
Trade Setup:
Entry: Near $522 (confirmation of demand zone holding).
Stop Loss: Below the DZ @ $500.55 (a break invalidates the bullish setup).
Take Profit Levels: (Profit Areas projected from the previous Elliott wave):
TP1: $579 (~10% gain).
TP2: $616 (~18% gain).
TP3: $658 (~25% gain).
Remmember,
“The trend is your friend until it bends at the end.” – Ed Seykota
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Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Trading involves significant risk of loss. Always perform your own analysis and consult a financial advisor before making trading decisions.