Technical Analysis (30-Minute Chart and 1-Hour Chart) * Trend and Price Action: * CELH is currently trading within a well-defined upward channel, indicating a bullish structure with higher highs and higher lows. * Price is consolidating near the $29.40-$29.67 region, with upward momentum testing resistance at $30.50. * Volume: Rising volume near resistance, signaling increasing market activity and potential for a breakout. * Indicators: * MACD: Bullish crossover on the 30-minute chart, confirming upward momentum. * Stochastic RSI: Near overbought levels, suggesting caution for potential pullback or consolidation. * Key Levels: * Support Levels: * $29.00: Immediate support zone, coinciding with previous consolidation. * $26.50: A significant support area, backed by historical price action and PUT wall activity. * $24.50: Major support and the lowest PUT wall, signaling strong downside protection. * Resistance Levels: * $30.50: Immediate resistance, with a breakout potentially leading to $32.00. * $32.00: Key resistance aligned with CALL wall activity and psychological level. * $33.00: Extended resistance zone with significant gamma exposure. GEX Insights for CELH https://www.tradingview.com/x/aI1R1rDx/ * Gamma Exposure (GEX): * Positive GEX Zones: * $30.50-$32.00: Significant CALL wall activity, indicating resistance and potential gamma-related hedging pressure. * $33.00: Strong CALL wall, acting as a target level for bullish continuation. * Negative GEX Zones: * $29.00: Moderate PUT activity, providing near-term support. * $26.50-$24.50: High negative gamma exposure, marking critical support areas. * Options Metrics: * IVR (Implied Volatility Rank): 44.7%, indicating moderate options pricing. * Options Flow: * CALLs: Dominant near $30.50 and $32.00, reflecting bullish sentiment. * PUTs: Concentrated below $29.00, highlighting downside protection positioning. Trade Scenarios: Bullish Scenario: * Entry: Above $30.00 with confirmation of breakout volume. * Target: $32.00 (initial), $33.00 (extended). * Stop-Loss: Below $29.00 to limit downside risk. Bearish Scenario: * Entry: Below $28.80 with strong selling volume. * Target: $26.50 (initial), $24.50 (extended). * Stop-Loss: Above $29.50 to cap losses. Conclusion CELH is trading within an upward channel, with $30.50 acting as immediate resistance. A breakout above this level could drive prices toward $32.00 or higher. Conversely, failure to hold $29.00 may lead to a pullback toward $26.50. GEX data highlights these levels as pivotal zones for price action and options-related activity. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly. Let me know if you'd like further details or refinements!
The Daily Price action have now moved above the 200 daily SMA. Contrary to my previous view I think the Trend has now Bent and my previous short setup has now been stopped out. Looking to long this pair now on the 4hour time frame on a double bottom and a neckline break and retest. Lets see how it works..
AMEX:SPY January 8, 2025 15 Minutes. 592 was broken. For the rise 580.5 to 599.7 AMEX:SPY has retraced 61.8%. For the fall 597.75 to 586.78 592 to 594 will be level to short SL 596 Since AMEX:SPY below all moving averages the short at 592 - 594 will give a target around 584-585 levels in 15 minutes. For the day long only above 596.
Technical Analysis (30-Minute Chart and 1-Hour Chart) * Trend and Price Action: * META is forming a symmetrical triangle pattern, indicating consolidation and potential breakout soon. * The price recently rejected $637.39 (key resistance) and is now trading near $618.00, testing short-term support. * Volume: Moderate volume on the pullback, indicating consolidation rather than aggressive selling. * Indicators: * MACD: Bearish divergence on the 30-minute chart, with the histogram moving downward, suggesting decreased momentum. * Stochastic RSI: Near oversold levels, pointing to a possible short-term bounce. * Key Levels: * Support Levels: * $618.00: Immediate support; a breakdown could test the $607.50-$600.00 zone. * $600.00: A critical support level with GEX data showing PUT concentration. * $595.00: Major support zone below $600, aligning with historical price action. * Resistance Levels: * $637.39: Key resistance and recent high, aligning with GEX CALL walls. * $645.00: Secondary resistance zone; breaking above could lead to $650.00. GEX Insights for META https://www.tradingview.com/x/OCz7dDOW/ * Gamma Exposure (GEX): * Positive GEX Zones: * $637.00-$645.00: Significant CALL wall activity, serving as strong resistance for price action. * $650.00: Highest positive gamma exposure, representing a potential target for bullish momentum. * Negative GEX Zones: * $607.50: Key PUT wall and immediate support level. * $600.00-$595.00: Critical support cluster with the highest negative gamma exposure, indicating strong defensive positioning. * Options Metrics: * IVR (Implied Volatility Rank): 53.5%, indicating moderately elevated options pricing. * Options Flow: * CALLs: Dominant around $637 and $645, reflecting resistance levels. * PUTs: Concentrated below $600, highlighting significant hedging activity. Trade Scenarios: Bullish Scenario: * Entry: Above $620.00 with confirmation of bullish momentum. * Target: $637.00 (initial), $645.00 (extended). * Stop-Loss: Below $615.00 to limit downside risk. Bearish Scenario: * Entry: Below $607.50 with strong selling volume. * Target: $600.00 (initial), $595.00 (extended). * Stop-Loss: Above $612.00 to cap losses. Conclusion META is consolidating within a symmetrical triangle, with $607.50 acting as immediate support and $637.00 as the critical resistance. A breakout above $637 could drive prices toward $645 or $650, while a breakdown below $607 could lead to increased selling pressure. GEX data confirms these levels as pivotal zones for price action. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly. Let me know if you'd like further insights or adjustments!
AUDNZD is moving upward with beautiful trend of higher high and higher lows fundamentally bot currencies on opposite direction seasonality shows also positive movement possible to continue trend and can take entry buy at 1.10626 stoploss 1.10052 take profit 1.11208 & 1.11790
Hello Traders, WTH am I talking about? Well I have been pro crypto and stocks but some things Im seeing are worrying me. Anyhow Im not gonna describe how I figured what I think Im just gonna give you how I think it could be playing out. This is exactly like the 2021 last peak right before it catered. The time between last peak and catering comes out to be tomorrow... Here's what I think if this does happen.>Watch BTC..if it starts to lose support from this last dip tomorrow I would be concerned... then lets say BTC starts to cater after markets close tomorrow...guess what? Markets are closed Thursday for Carters Death... So as its catering no one in ETF's will be able to do a darn thing till Friday...and by then the damage could be done. Then with markets if like 2022 peak they will go up and attempt another ATH while BTC tanks... I would say by 1-15-25 get out.. it will dive again and make one more ATH.. but will be the last just like 2022 peak. expect the peak by end of month/early Feb. I hope I am wrong... if BTC doesn't tank then all this has been just a false alarm. Just be aware of this possible scenario. My TA all lines up with this def being a possibility.
Possible count for the EURUSD. Lots of pessimism surrounding Europe and the Euro so perhaps a good time to be a bit contrarian. This counts suggest an ABC correction at the moment with the C wave just starting. Some divergence also showing up in the RSI.
scaling into ondo , as poc acting as a support , risking 2%
In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first: 1. Wave 1 down seemed too short to be supporting such a huge triple combination correction. 2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such that first wave ends on the first X wave simply because W-X is clearly a 3-wave. The best I can do is to have a 5-waves down that ends at first green a but that makes the subsequent corrective structure ugly.) In any case, this is now a low risk short. Stop above recent high. The next potential short is where the upper trendline is.
Gold continues to show an upward trend, with its current value trading around $2,646. The chart reflects the formation of a classic cup pattern, which often signals potential bullish momentum once confirmed by a breakout. This pattern has established a solid foundation for bullish traders to focus their attention on the next resistance level at $2,662. Global market factors play a critical role in supporting gold's upward trajectory. The weakening of the US Dollar, combined with a dovish stance from the Federal Reserve, provides an opportunity for the precious metal to strengthen further. Additionally, geopolitical tensions and China's continued efforts to increase its gold reserves have further bolstered positive sentiment, drawing significant attention from investors toward this safe-haven asset.