If MANA maintain above $0,745 that is the anchored vwap from dec 2021 at the end of this week will signling strength to get to higher prices it is breaking the descending wedge pattern and could lead to reach $1.13 soon and above the value area high from may 2022 to now. The target is in confluency with fibonacci levels, weekly and monthly levels and between value area low and point of control from last bull run. TARGET: $2,27 to $2,84 up to (+270)
The Elliott Wave chart is still bearish. I stay focused on key levels. Much lower prices possible, but of course it won't move in a straight line lol.
Zscaler's appears to be situation for a breakout from a massive multi-year consolidation triangle. It's P/S ratio is 4x less than its peak while revenue has increase dramatically. Profitability is coming with net margins being within a few points of positive earnings (used to be -38%). ZS had never missed a single earnings projection and the future looks like continued growth as businesses continue to invest heavily in cybersecurity. This is eyeing the $400 level with a P/S of 25. The previous peak will act like a magnet once the breakout is complete. But it likely won't stop there. Steady revenue growth and profitability should push this to $600+ over the next 3 years.
OANDA:XAUUSD mild fluctuations on Friday and a second consecutive weekly decline were recorded. Accordingly, the precious metal lost approximately 0.5% this week, after hitting its lowest level since November 26 at the start of the trading session. So, do you wonder what factors have impacted XAUUSD? Talking About Influencing Factors: The sentiment among short-term traders and technical positioning in the gold market has clearly cooled, with efforts underway to find momentum to improve sentiment in the short term. Throughout the day, gold showed little reaction to the much-anticipated employment data of the week. The latest report revealed that although job growth remains relatively stable, cracks in the U.S. labor market have begun to emerge, suggesting potential vulnerabilities. Regarding U.S. monetary policy, midweek, Fed Chair Jerome Powell noted that the U.S. economy is stronger than it was in September and adopted a more cautious stance regarding rate cuts. According to the CME Group's FedWatch Tool, with two rate cuts already this year, traders predict a 68% probability that the Fed will cut rates by another 25 basis points at its December 17–18 meeting. Theoretically, it remains unclear whether gold can sustain an uptrend as prices approach a strong resistance level. Talking About Technicals: Gold is currently in a sideways trend, so we are considering trading within the range's boundaries. Our focus is on the local channel from H1 2660 - 2615. At this point, gold is heading toward the upper zone of interest. A false breakout of the main resistance zone and price consolidation in the selling area may lead to a price decline toward the lower boundary of the sideways range. Assess, share your thoughts and questions, and let’s discuss what’s happening with OANDA:XAUUSD :))
Level of interest: Prior support/resistance levels in the past of $13.32 (17-Oct-2022) and $12.92 (10-Oct-2022) (key support/resistance areas to observe). Await signals for entry such as DMI/ADX and/or RSI swing to the bullish direction. Stop loss for the trade involving ASX:WOR (and indication that this trade is an absolute 'no-go') is any trade below the low of the signal day of 4th December (i.e.: any trade below $13.16).
SUI or SOL? WHat to? As you could see in the previous chart for SUI, DITTO worked as doodled! https://www.tradingview.com/x/l4S3bS28/ SO the Plans of the trade are as such, On days chart, The resistance are at such a juncture point that when short is happened thats the ideal point to buy. But as always, shall it has some power to fuel up, can go to approx 4.75 and then fall, so Ideally if CMP buying targets till 5. My ideal point of buys goes at 3.596 the red lines, so would take a hedged position of long first and short next. Going for BUYS to CMP and would trail SL to COST whenever possible. What you can do? Take shorts to hold till the point, or wait for it to come to buy
It is a good time to take a short from an action line of current down sloping action-reaction set. Also we are slowly breaking under resistance levels.
I think that the Bitcoin price level will drop significantly, perhaps by around $10,000 , in the next 6 to 12 months.
Last few weeks, rejections and bounces off the fib pivots have been nearly dead on. Is crypto now becoming futures?
Ethena fi with a clean sweep of previous highs This has much room to $10 Buy signal still active on XETR:ENA