ICP could make huge gains if closes a weekly candle above $12,33. It is above anchored vwap from dec 2021 and is trying to break the acumulation that has been occurring for almost three years alongside with moneyflow increasing in the monthly timeframe. If it could maintain above the price mentioned will increase the probabilities for it. The target is between value area high from last bull run with fibonacci retracement level from sep 2021 high to sep 2023 low and a monthly level. TARGET: $51,75 TO $62,83 up to (+445%)
FX:AUDUSD Grabbed Liquidity and Broke stracture to the downside with good momentum.possible short opportunity.
In yesterday's idea, I suggested that GALA’s correction was forming a descending triangle, a bearish continuation pattern as illustrated above. However, with more price action now available, it appears the correction is more accurately forming a descending channel, which has a bullish bias. The key takeaway? Corrections are dynamic—it's crucial to forecast but stay flexible and adapt as new data emerges. Recap of the Last Idea: In my previous idea, I zoomed down to the 30-minute chart to better analyze the correction and predicted that price would test the monthly support at $0.04358. This played out as expected, reinforcing my bearish view at the time. Knowing the correction would unfold overnight, I avoided taking on risk and focused on accumulating during the downtrend. As the price broke down from the descending triangle, it quickly recovered, bounced back into the pattern, and found resistance. Initially, I thought it was a false breakdown, but on closer inspection, it now looks like a descending channel, which aligns with my bullish macro outlook. Trading Framework Based on Stochastic RSI Daily Stochastic RSI: Still in bearish momentum but nearing a turnaround point. This supports the view that the correction is nearing its end. 4-Hour Stochastic RSI: The K-line has crossed the D-line, signaling bullish momentum. However, I’m holding off on entering a longer-term trade until the daily RSI confirms bullish momentum. Short-Term Trading Plan Both the 2 hour and 30 minute timeframes show Stochastic RSI in the overbought region, indicating short-term bearishness. This suggests we might see price test the bottom of the channel before breaking to the upside. This fits well with my larger narrative, where the daily momentum indicators suggest a bullish breakout is likely after this temporary retracement. Final Thoughts: Corrections are complex and fluid—this shift from a descending triangle to a descending channel highlights the importance of staying adaptable. For now, I expect short-term bearishness before a bullish breakout, making this a critical moment to observe price action at support levels within the channel. If you like this idea please like, and follow if you would like regular updates on Gala.
Bitcoin long position targeted at the 101k zone, with entry points between 93,500 and 95,000. Stop loss placed below 92,500. This setup is based on a 1-hour timeframe, but the expected move could take up to 48 hours to play out. Remember, the entry points, stop loss, and take profit levels are just suggestions - feel free to adjust them to fit your own trading strategy. Stay vigilant and manage your risk carefully. #Bitcoin #Trading
Looks like the support at $2 is holding for the mean time if can stay above this and keep it as support I see a run at the ATH by News Years. As long as we don’t close any candles below $2 we can still see upside in consolidation at the three monthly candle peaks. If we break below an eventual slip to .80 cents isn’t out of the question.
Bias: Bullish USD News: -Core CPI m/m Analysis: -Strong bullish closure with fundamental -Waiting for price to retest of 4hr structure -Looking for BUY if there's confirmation on lower timeframe -Pivot point: 2655 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy
NASDAQ:SMH is checked back to 200DMA today. 200DMA has been a reliable support for the past 4 times since Oct 2023. Can it do it again? If SMH gets a bounce, it will lift NASDAQ:AMD , NASDAQ:MU and $NVDA. ?
Die tägliche Preisbewegung scheint die 100.000-Marke abgelehnt zu haben, im Gegensatz zu einem starken Schlusskurs darüber, der die Bullen weitermachen lässt. Dies ist ein starkes Indiz dafür, dass die Bären in den Markt einsteigen. Wenn der tägliche PA unter dem täglichen 50%-Fib-Level schließt, steht BTC vor einem tiefen Retracement auf 50.000.
Goldman Sachs CEO David Solomon said the investment firm could explore Bitcoin and Ethereum trading if U.S. regulations evolve under the incoming administration.
Increased military activities by China around Taiwan raise concerns over potential disruptions to semiconductor supply chains, especially since Taiwan hosts TSMC, Nvidia's (NVDA) primary chip manufacturer. While no immediate direct impact on Nvidia's stock price or operations is reported today, the risk of supply chain interruptions could lead to stock volatility, investor caution, and potential long-term strategic adjustments by Nvidia regarding manufacturing diversification.