ASX XJO Market Wrap for February 7, 2025 We take a look at the market sentiment for the Aussie market for the first week of February, 2025. Stocks of interest: #IFT, #FPH, #APA, #FMG, #AMC, #REA, #NWS, #CSL, #WOW, #APA -- Market Monkey Team ...don't play by the rules! @market_monkey #trends #indicators #indicatortrading #ASX #stockmarket #markettrends #investing #trading
In the BABYDOGE/USDT daily chart, the price has been moving within a long-term ascending channel since early 2022. Recently, it faced rejection from the 0.000000002500 resistance zone and is now approaching the lower boundary of the channel. Trend Overview & Key Levels: ? Major Resistance: 0.000000002500, aligning with the upper boundary of the ascending channel. This level has acted as a strong resistance multiple times, pushing the price downward. ? Key Support: 0.000000000700 – 0.000000000750, which coincides with both the lower boundary of the channel and a significant horizontal support. If this level breaks, further downside towards 0.000000000500 is possible. ? Bullish Scenario: If the price finds support at the current level and confirms a reversal, a new bullish leg toward the upper boundary of the channel could unfold. A breakout above resistance would indicate a stronger upward continuation. ? Bearish Scenario: A breakdown below 0.000000000700 could trigger further decline, leading to a deeper correction. Indicators & Volume Analysis: ? Trading volume has surged around key levels, indicating strong buying and selling interest. ? Price structure remains within the ascending channel, but maintaining the support level is crucial for sustaining the trend. ✅ Conclusion: The current level is a critical decision point for traders. If bullish signals emerge, long positions with stop-loss below support could be considered. However, a breakdown may result in increased selling pressure. ? What’s your outlook? Will the support hold, or should we expect a breakdown? Share your thoughts! ?
Here on Linkusdt price form a demand around level of 18.43 and is likely to continue going up so trader should go for long with expect profit target of 21.30 and 24.93 . Use money management
BINANCE:BTCUSDT : Potential Reversal Pattern After a significant downtrend, Bitcoin is showing signs of a potential reversal. The chart reveals a possible inverse head-and-shoulders pattern, which could indicate a bullish turnaround. Key Levels: - Resistance: $92,000 - Support: $107,000 Analysis: The RSI is approaching oversold territory, a bullish crossover we may see. If Bitcoin can break above the resistance level, we may see a significant price increase. Trade Idea: Place Long @ $95,000 or place long below $93,500, targeting $105,000. Stop loss at $88,000. Disclaimer: This is a high-risk trade idea. Always use proper risk management and consult with a financial advisor before making any trading decisions.
Here on Xrpusd price form a demand around level of demand area of 2.29310 and now try to go up so trader should go for long with expect profit target of 2.69352 and 3.12528 .Use money management
Taking long position in the recently demand zone. But the zone will be valid until Friday
Here on Ethusd price has form a demand around level of 2635.24 which is likely to continue going up so trader should go for short with expect profit target of 3013.07 and 3379.90 .Use money management
This forecast is premised on the timing of the BTC Cycle Low around 20th February. KAS rebounds strongly from HTF demand around 0.05. This low might coincide with a Binance and / or Coinbase listing, or other catalyst in addition to BTC Cycle Low. From the current date (8th Feb), more downside is expected whilst BTC continues to range 90-108k. A deviation below RANGE (87-88K) would result in another severe drop for the Alt Coin market. On the contrary, if BTC breaks out of range to new ATH in February, we can expect an acceleration of this forecast
Hdfc taking good support at my level and also I'm seeing volume is increasing day by day that indicates buyer are interested in this support level.
Back when BHEL was trading near 275 (March 2024), I raised my eyebrows and published an idea called Trader’s Trap. While I might have been a bit fast-forward (6 months ahead), my concern about the stock in March 2024 finally started unfolding in September 2024, after it topped at 335 highs. From March 2024, the way BHEL was moving was not convincing—and you know what? This is the one stock that even made me review the Nifty Index. No surprise that Nifty itself started falling in September–October 2024, shaking up traders and investors alike. Nifty’s Reality Check – Market Must Have Troubled Your Portfolio Too If the past 5–6 months have made you wonder why your portfolio is struggling, let me remind you: The rosy gains that started unfolding during-COVID-2020 have suddenly started to crack, making many traders think: What exactly happened? Why did everything look good until it didn’t? Well, welcome to the real world! But here’s the catch—Waves tell the real story before it happens. BHEL Slipping Below 200 – A Psychological Breakdown As BHEL dips below the 200 psychological level, even mainstream financial analysts have started to rethink where this stock is heading next. Some of the snapshots I’m sharing are part of WaveTalks upcoming project , showing that concerns were evident near 275—well before the storm hit in Sep 2024 Sep 2024 Snapshot from the project https://www.tradingview.com/x/fccf01LX/ Elliott Wave Analysis – BHEL’s Journey Through Waves 2020-2022 BHEL was a great pick in 2020 and later again in 2022, offering two golden opportunities for investors who understood Elliott Wave structures. 2020-2022: The stock unfolded a Falling Wedge, a classic reversal pattern indicating an upcoming trend shift. 2022: A Truncated Fifth Wave unfolded —an advanced Elliott Wave signal that often marks the end of a prolonged downtrend and the beginning of a powerful reversal. Truncated Fifth Wave Explanation: A truncated fifth wave occurs when Wave 5 fails to exceed the end of Wave 3 in an impulse structure. This can happen in both uptrends and downtrends. In BHEL’s case, the truncation occurred in 2022 during a downtrend , signaling that the bears had exhausted their momentum and a new bullish cycle was on the horizon . If you missed picking up BHEL in 2020, 2022 was your second chance —a rare Elliott Wave phenomenon that many fail to recognize in real time. And let's be honest, navigating through the chaos of COVID-19 was tough —it needed more than just technical analysis; it needed divine timing! This is the power of Elliott Waves—predicting trends before they happen. When new prices and updates come in, wave counts have to be adjusted accordingly—that’s how you extract maximum results. Blaming Won’t Help – Adapt & Modify Your Analysis Multiple wave counts exist at any given moment—and if rules get violated, you must quickly adapt, adjust, and move forward. But if you get emotional and start saying: ❌ Elliott Wave doesn’t work! ❌ It’s too subjective! I don’t agree. Why? Because applying Wave Analysis requires a solid foundation—not just blind conviction. Instead of blaming the subject or analysts, ask yourself: ✅ Why did I go wrong? ✅ What did I miss? Stop blaming, start learning. State Elections & Market Psychology – The Blame Game Never Ends You see this same mentality in elections: ✔️ When you win, EVMs are fine, and the Election Commission is doing great. ❌ When you lose, suddenly, the system is rigged. It's the same in trading—blaming the market, the strategy, or the analysis or analyst won't help. The real winners are those who educate themselves, adapt, and grow instead of making excuses. Final Thoughts – Catch the Next Big Idea on WaveTalks Markets evolve, waves adjust, and only those who stay flexible and unemotional can truly capitalize on opportunities. Stay tuned for another exciting idea from WaveTalks—because Market Whispers! Can you hear them? ?