BTCUSDT still bullish, as you can see on the chart that I have marked DEMAND ZONE. And this is the zone where we will enter long when price will come down to grab liquidity.
LTC status is very very good. After a long effort, he managed to record a candle above his previous important resistance range. Keep in mind that these ranges are worth buying
Current Market Conditions As of December 2, 2024, Algorand (ALGO) is trading at approximately $0.48 USD, with a 24-hour trading volume of $1.96 billion USD. The cryptocurrency market is experiencing a period of moderate volatility. Technical Analysis: The ALGO/USDT chart is showing a potential breakout scenario. The price is currently consolidating below the 0.236 Fibonacci retracement level, which is acting as a resistance. A successful break above this level could trigger a significant price increase. Key Levels to Watch: - Resistance: 0.236 Fibonacci retracement level (approximately $0.53 USD) - Support: 0.382 Fibonacci retracement level (approximately $0.38 USD) - ATH: $3.28 USD (reached on June 21, 2019) Market Sentiment: The overall market sentiment for ALGO is bullish, with many traders and investors expecting a breakout above the 0.236 Fibonacci retracement level. A successful break could lead to a significant price increase, potentially reaching the ATH. Trading Strategy: - Long-term investors: Consider accumulating ALGO on dips, with a target price of $3.28 USD (ATH). - Short-term traders: Watch for a breakout above the 0.236 Fibonacci retracement level (approximately $0.53 USD). If successful, consider entering a long position with a target price of $1.50 USD. Risk Management - Set stop-loss orders below the 0.382 Fibonacci retracement level (approximately $0.38 USD) to limit potential losses. - Consider scaling into positions to manage risk and maximize potential gains. By closely monitoring the ALGO/USDT chart and watching for a breakout above the 0.236 Fibonacci retracement level, traders and investors can potentially capitalize on a significant price increase and reach the ATH.
Respecting support zone and looks like trend change if it respects green line. Long Entry 1.2665 TP 1.3045 SL 1.2450 Good luck all!
Stellantis CEO Carlos Tavares submitted his resignation to the board of directors chaired by John Elkann, which accepted it. The announcement had come last October that Tavares would lead the carmaker until 2026, helping the company in its search for a new CEO. However, falling profits and the company's collapse on the stock market led the parties to an immediate separation. The price of Stellantis has fallen by more than 50% over the past year reaching 2022 price levels. https://www.tradingview.com/x/C4ViznvB/ The RSI technical indicator suggests a bullish divergence that could indicate a recovery in the short-medium term. https://www.tradingview.com/x/d8ZuGWkj/ Volatility is high and is around levels considered to be high volatility, which could suggest a cooling of the price decline and a temporary recovery. https://www.tradingview.com/x/WPuqJVju/ Assuming a bullish scenario in which today's news is read positively by investors, the price could point to two different levels €15 and €20. Instead, negative investor sentiment could drive the price towards the €10 level. https://www.tradingview.com/x/04K5PTme/ And what do you think about Stellantis? Will you use this drop to accumulate new shares or will you go short?
CHWY is forming a descending triangle pattern, indicating a potential breakout as it approaches key levels. Watching closely for a move above resistance for bullish momentum or a breakdown below support. Let's see how it unfolds! ??.
Yello, Paradisers! Could #HOOKUSDT be gearing up for a major bullish breakout, or are we staring down the barrel of a steep drop? Let’s break down the key levels that could define the market’s next big move. ?#HOOKUSDT has recently faced a strong rejection at the $0.6612 resistance level, a price point that has repeatedly acted as a significant barrier. While this rejection caused a temporary pullback, it doesn’t necessarily confirm a bearish trend. Instead, the action shifts to critical zones $0.5671 and $0.5293 which could determine whether we see a reversal or further decline. ?The $0.5293 level aligns closely with the 0.5 Fibonacci retracement zone, often dubbed the “golden pocket.” Historically, this region serves as a pivotal area for price action. If HOOKUSDT stabilizes and consolidates here, it could act as the springboard for the next upward leg. Many traders are zeroing in on this area, anticipating a potential rally that could set the stage for new highs. ?If the $0.5293 level doesn’t hold, the next support zone lies at $0.4512. A rebound at this lower demand zone could still preserve the bullish outlook, but a breakdown below $0.4512 would invalidate the setup entirely. Such a scenario could trigger a steeper decline, wiping out bullish sentiment and demanding traders exercise extreme caution. It’s decision time, Paradisers. As the market flirts with these critical levels, patience and discipline will be your greatest allies. Wait for confirmations, whether you’re looking to ride the next breakout or hedge against a potential drop. MyCryptoParadise iFeel the success?
? Attention NSE and StockMarketIndia traders! The BANK NIFTY futures chart is signalling critical levels you don't want to miss. We've got a strong resistance around 53,160, marked by a Fibonacci retracement level at 0.618 level. This level has been tested multiple times, showing the market's hesitation to break through. If we see a close above this level with volume, it could indicate a bullish breakout, targeting the next Fibonacci level at 0.786. On the downside, watch the 52000 supports, which aligns with the 0.382 Fibonacci retracement level. A break below this could lead to a deeper correction, potentially testing the psychological 50,000 mark before finding a base. As the Fibonacci retracement shows the compelling price swings between the levels of 0.382 & 0.5 at the horizon. The Fibonacci time-based extension predict the price movement at the vertical time frame. Volume spikes are crucial here; increased volume on upward moves could validate a bullish scenario, while high volume on declines would suggest a bearish continuation. Stay vigilant, set your stop-losses wisely, and be ready for volatility. The market is at a pivotal point. Follow @stocktechbot for continuous updates and insights.
use 5% of your capital it is about to brake out very good risk/reward ratio this is not finantial advoice , just for educational purposes do your own research
Hello, OANDA:EURCHF is likely to continue its bearish trend, potentially revisiting the previous 1-year low at 0.92042. While sellers currently have control, some long-term investors are viewing this level as an attractive entry point for a long position. However, further downside is expected before any upward movement at this stage. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344