Ada is taking a massive L. Not much more to say here.
After the internal structure turned bullish, we anticipated a pullback. This pullback was likely to reach the first Demand range in the 4H structure. However, in the M15 structure, it reacted to a refined demand range, which activated additional buy orders. After triggering these orders on the lower timeframe (LTF), we observed a break of structure, followed by a strong buy order reaction as the price returned to that zone. The price is expected to break this high (target), facilitating the BoS of the 4H high. Trump Pump > Whales Dump So the most important thing we need to pay attention to right now is market sentiment. Regards ❤️
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We got a nice recent 50MA reclaim on MSTR and trading out of the falling wedge makes me think this one can get quite bullish again. Other influential factors include things like Bitcoin over 100k again, a president that is pro-crypto, a government that is growing in debt, etc.
I'm not familiar with COINBASE:DRIFTUSD or $Drift, but I do recognize the signs of a potential breakout.
On the weekly trend we see that the trend line of the price and the trend line of the index RSI are following an opposite direction. This means that the buyers are being saturated and the urge for sell is becoming more that urge to buy. Therefore the price will be descending.
WEDGE broken to down side , GBPJPY is clearly on down trend as up trend was broken on daily time frame with a series of range in a wedge which has broken to down side, showing a continuation of bear move
Key Events to Monitor WEF Annual Meetings (Jan 20–24 Whole Week) ⦁Any unexpected global economic policy announcements could impact market sentiment and cause sudden volatility. Unemployment Claims - Jan 23 (High Impact) Previous: 217K | Forecast: 220K ⦁A lower-than-expected value may signal economic strength, likely pushing US30 higher. A higher-than-expected value could lead to a downside move. Crude Oil Inventories Previous: 2.0m ⦁Impacts energy and manufacturing sectors. A significant deviation from forecasts may cause volatility, indirectly affecting US30. Flash Manufacturing PMI (Forecast: 49.4) Friday, Jan 24 (High Impact) ⦁Below 50 signals contraction, which could pressure US30 lower. Flash Services PMI (Forecast: 56.8) ⦁A strong reading here can offset manufacturing weakness, supporting bullish sentiment. Existing Home Sales ⦁Measures consumer confidence and spending; a significant miss may lead to bearish moves. Revised UoM Consumer Sentiment (Previous: 73.2) ⦁Strong consumer sentiment is bullish for US30. Tips for Events and Levels Interaction ⦁During Unemployment Claims and PMIs, watch for false breakouts around key levels like 43,375 and 43,700. ⦁Pay attention to consumer sentiment data: Strong data could cause a surge to resistance; weak data might lead to sell-offs. ⦁Adjust stop-losses wider during high-impact news to avoid being stopped out by volatility. Technical Analysis: Levels and Structure Resistance Zones 43,250 – 43,700 (Scalping/Day trading Resistance Levels) ⦁Price faced rejection at this resistance Level 43,250 after the Break above, forming a key short-term supply area. ⦁IF its holds above, More buys to next resistance @ 43700. 44,025 – 44350 (Swing Resistance Levels) ⦁A breakout above 43,700 would likely aim for this region as the next target. Support Zones 43,250 - 43200 ⦁Immediate minor support. A break below could see a test of lower levels. 43025 -42980 ⦁Stronger support region where buyers might step in. 42815 - 42775 ⦁Critical support to watch if selling pressure intensifies. Trend and Indicators ⦁Short-Term Trend: Bullish after breaking out of the downtrend line, but price now shows consolidation near resistance. ⦁RSI: Approaching overbought territory, indicating potential short-term pullbacks. Moving Averages ⦁20 & 40 MA: Positioned bullishly, signaling continued upside momentum unless the price falls below 43,015. Trading Scenario's Bullish Scenario 1. If price Rejects Above 43300 - 43250 - (Current Resistance that broke) Look for bullish reversal signals. Entry: 43315 - 43325. StopLoss: 43200. Targets: 43700 and then 44025. 2. If price pull back to 43025 - 42980 and reject above. Entry: 43015 - 43025. StopLoss: 42900. Target: 43325 and then 43700. Bearish Scenario 1. If price breaks below 43325 - 43250 and reject below.(Current Support after break out) Entry: 43250 - 43225. StopLoss: 43325. Target: 43025 and then 42775 2. If price Price breaks 42815 - 42775 with and reject below. Entry: 42775 - 42750 StopLoss: 42815. Target: 42600 and then 42450 (Supply Zone).
Harmonics pattern weekly level just for education purpose
Monthly Closing above 58 would be a positive sign. It is Currently at a Very Good Support & it should bounce from this level towards 60 - 62. However, Next Support levels are around 55 - 56 & then 49 - 50. More Positive Momentum will start after 71 - 72. Initial Resistances are around 63 - 65 & then around 82 - 83.