By Eric Lee , Sales Director of Phillip Nova The E-mini S&P 500 index futures are currently exhibiting a symmetrical triangle formation, a technical pattern that typically indicates a period of consolidation before a potential breakout. The price is testing the lower boundary of this triangle, suggesting a possible breakdown. Additionally, the index is hovering near the 200-day moving average (MA), a critical long-term support level. A break below this MA could signal further bearish momentum, with the next significant support level based on the triangle formation around 5550. The correlation between the S&P 500 index and Bitcoin has been a topic of interest, as both assets have shown periods of synchronized movements, particularly during times of market stress. The recent drop in Bitcoin's price may be indicative of broader market sentiment, potentially foreshadowing a breakdown in the E-mini S&P 500 index futures. If Bitcoin's decline continues, it could exacerbate selling pressure in the equity markets, leading to a more pronounced downturn in the S&P 500 futures. Traders should closely monitor these developments, as a confirmed breakdown could lead to increased volatility and a test of lower support levels.
The previously discussed breakout from the wedge structure on POND propelled the price toward the projected target. https://www.tradingview.com/chart/PONDUSDT/VAFA7xSu-Pondusdt-Trading-opportunity/ Following this move, a deep corrective phase ensued, bringing the price into a key support zone. This area of interest is expected to serve as a strong re-accumulation zone, while the main supply zone remains a critical resistance level to monitor for potential reversals for bullish continuation.
With this volume of buying in this cryptocurrency, I expected it to be able to hold the box, but it seems to be moving like a descending channel, we still expect a rise after completing the head.
Rug it - 69420 Bart pattern - wyckoff distribution at SOW right now. Weak - meanwhile capo is bullish
Potential Price Scenarios: Bullish Move: A breakout above 2,920 could push price towards 2,930 (+14 USD) and then 2,940 (+24 USD). Bearish Move: If price breaks below 2,900, a decline to 2,880 (-36 USD) is possible.
This Analysis is based on these Factors : 1. Consolidation Phase 2. Fibonacci Level - 78.60% 3. Elliot Waves 4. Point of Interest ( POI ) 5. Bullish Channel
❤️ THIS POST AND I WILL SHARE NEXT pair Bitcoin Cash was created as an alternative to the first and most valuable cryptocurrency — Bitcoin (BTC). In 2017, BCH developers modified the BTC code, releasing their software version and a full-fledged competitive product, which split Bitcoin into two blockchains: Bitcoin and Bitcoin Cash ANY THOUGHTS ON SET:BCH ?
* Falling wedge of uni * Uni is mention in news as one of American coin recent days
if BHARTI AIRTEL create today candle is Hanging Man so we have a create shoring trade. add in your watchlist.
Today's gold strategy is still low-long. Gold has been volatile in the past two days, and the bull-bear game is also fierce. Yesterday's daily cross star, the data released more bullish gold did not rise sharply, but the gold dived in the late trading and rebounded in a V shape. Finally, the daily line closed at the opening position. Gold hit a new high of 2929 but did not continue to rise. It is still hovering at a high level. Today's strategy is to seize the opportunity of it hovering back and going long. At present, the bulls still need to continue to rush up from the daily line. This week is a data week. I estimate that the bulls will rise repeatedly and will not come so cleanly. The big V bull trend of the daily line has been determined, and we need to follow the trend later. We estimate that the range of Asian session repair is 2909-2929. We look for buying opportunities in this range. The daily moving average support has reached near 2909. The time for gold to oscillate and repair is running out. It will either start a new surge or plunge directly. We will not speculate on the market. We will follow the trend and buy low first. The Asian session focuses on two positions, one is near 2917 and 2909. Support 2917, 2909 super support 2900, pressure 2929. The watershed of the market is 2917. Operation suggestion Gold-----Buy near 2917, target 2930-2960