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1. Rejection at $2,200-$2,250 Zone If ETH fails to break above this level, it may struggle to reach $2,530, leading to a retest of support. 2. Weak Volume on Uptrend If the price rises without strong volume confirmation, the move could be a bull trap, leading to a reversal. 3. Breakdown Below $2,160 A loss of $2,160 support could trigger a deeper drop, invalidating the bullish outlook. 4. Market-Wide Sentiment If Bitcoin or the broader crypto market faces selling pressure, ETH might fail to sustain the bullish momentum. 5. Liquidity & Whales' Activity Large sell orders around resistance levels could lead to a sharp pullback before reaching $2,530 or $2,800.
Liquidity sweep +fvg + order block Seem to previously raid sell stops and created a fair value gap We look to go long should price retrace to the fair value gap and the bullish order block
Using trendlines, patterns, standard deviations and fibs to determine the road ahead.
When comparing the three pairs; YM, NQ and ES, it is evident that the weekly lows has still not been made, indicating the weakness bears have to push price lower. The mean threshold of the 6th Jan 2025 has been respected, indicating the potential for a short term retracement on the lower time frames back up into 43409 - 43024 weekly previous bullish order block. The most important days to study is Sunday to Wednesday.
1. Trend Identification The price action is currently within a range-bound consolidation phase (highlighted by the blue box), oscillating between 42,600 - 42,800. A volume profile analysis reveals a strong point of control (POC) at 42,639.47, indicating a key level where most volume has been traded. There are two potential future scenarios illustrated by the bullish (blue) and bearish (red) channels. 2. Key Support & Resistance Levels Support Levels: 42,600 (POC & previous demand zone) 42,200 (lower bound of projected bearish channel) Resistance Levels: 42,800 (current upper range resistance) 43,200 - 43,600 (upper bound of the bullish channel) 3. Chart Patterns & Volume Analysis Volume Analysis: The last 60-bar volume comparison shows a slight bullish bias (Up Vol > Down Vol by 1.97%), but the price remains indecisive. A breakout of the 42,800 resistance or 42,600 support with a volume surge would confirm the next trend direction. Possible Patterns: Bearish Scenario: Breakdown below 42,600 may lead to a decline towards 42,200. Bullish Scenario: Breakout above 42,800 can drive the price to 43,200 - 43,600. Trade Setups & Risk Management ? Bullish Trade Setup (Breakout Play) Entry: Above 42,820, upon a confirmed breakout with volume. Stop-Loss: 42,600 (below POC). Take-Profit Targets: 43,200, then 43,600 (upper channel). Risk-Reward Ratio: 1:3 ? Bearish Trade Setup (Breakdown Play) Entry: Below 42,580, upon breakdown with volume. Stop-Loss: 42,800 (above POC). Take-Profit Targets: 42,400, then 42,200 (lower channel). Risk-Reward Ratio: 1:2.5
As we have seen a recent delivery through a higher timeframe Sellside liquidity pool @ 20248.75 as well as tagging the weekly bullish order block @ 20011.25 I am not really seeing any signatures on this timeframe to suggest that Nasdaq is bullish at the moment. However, on the lower timeframes, there is a potential for Nasdaq to attack premium PD arrays before reversing and continuing it's bearish trend. I want to see the highs for the week created by Wednesday latest. Sunday gap opening will determine the likelihood of this bias delivering
1. (CRYPTO10) False Breakout Risk – The price might not sustain a breakout above 18,000, leading to a rejection below 17,500 before attempting another push. 2. Volume Confirmation – The volume seems inconsistent; a true bullish breakout would require increasing volume at key levels. 3. Trend Structure – The rounded bottom formation suggests a potential recovery, but a failure to hold above mid-range levels (~18,000) could result in sideways movement or a breakdown. 4. Macro Factors – External market conditions (interest rates, liquidity, BTC/crypto sentiment) could invalidate the upside scenario. 5. Bearish Retest Possibility – If the price breaks down below 17,343, we could see a deeper retracement instead of the expected move higher
https://www.tradingview.com/x/eVoA4lYs/ Ethereum Price Review Over the past three months, BINANCE:ETHUSDT has been declining in a zigzag formation: Wave A formed as an impulse Wave B took the shape of an expanding flat (eFL) Wave C developed as a diagonal Whether this diagonal has fully completed remains to be seen in the near future. I anticipate that COINBASE:ETHUSD will aim to test the moving averages and fill the imbalance zone before confirming further direction.
BNB looks to be breaking out of the falling edge on the hourly timeframe and completing a confirmation pullback. It found support in the $590 area so I'll be placing my stop-loss below. BNB will meet another resistance at $630 so I'll be looking to take profits then!