Price showing signs of strong momentum. We look for the pullback to take the trade.
https://www.tradingview.com/x/pU9xHdPN/ BTC pullback may bring MSTR down to 210
Bitcoin dominance is soaring right now as CRYPTOCAP:BTC taking the lead. If we get a rejection around 58% on CRYPTOCAP:BTC.D , then will be picking some #alts POIs for MIL:ENA is around 1.12 to 1.09, will be targeting 1.40 to 1.50 (short term)
Gold was trading around 2,627 making a technical correction after having reached the top of the downtrend channel and now we are seeing a technical bounce. A technical bounce is likely to occur up to the 2,640 area. If gold bounces above the bottom of the downtrend channel, we can expect it to reach 2,642. This area represents strong resistance as it coincides with the 200 EMA and could act as a strong top, On the other hand, in case gold breaks and consolidates above the downtrend channel and above the 200 EMA, we could expect a further bullish movement. Therefore, the metal could reach 2,656 nd even 2,734. A drop below 2,640 could accelerate the bearish movement of gold and the price could reach the psychological level of 2,600 which coincides with the bottom of the bullish trend channel forming since the beginning of November. The metal could even cover the gap left at 2,562. Finally, it could reach 1/8 of Murray located at 2.539. The level to pay attention to is the area of 2,640. Above this. the outlook will be positive. in contrast, once below this level, we could expect gold to continue losing value. Analysis and Forecast Gold continues to attract sellers for the second consecutive day. The hawkish signal from the Federal Reserve regarding a slower pace of interest rate cuts in 2025 continues to support higher yields on US Treasury bonds, acting as a key factor diverting funds away from the yellow metal. However, the ongoing pullback in the US dollar from November 2022highs, achieved last Thursday, along with geopolitical risks and fears of a trade war, mar help limit the decline in precious metal prices. Ahead of this week's significant US macroeconomic data, including Friday's Non-Farm Payrolls (NFP) report, traders are advised to avoid aggressive directional bets. Additionally, the minutes from the Federal Open Market Committee (FOMC) December meeting, set to be released on Wednesday, will play a crucial role in influencing the short-term dynamics of the US dollar, providing momentum for the XAU/USD pair. Happy Trading!
Price showing signs of strong momentum. We look for the pullback to take the trade.
1. 6. 25. looked at too many markets...... copper made an interesting breakout higher. the dollar took a hit during my video and it went lower. silver looked more bullish than gold.
Price showing signs of strong momentum. We look for the pullback to take the trade.
Price showing signs of strong momentum. We look for the pullback to take the trade.
PLTR bounced on the Jan 3th, 2025, after finishing 2024 as the top stock in the S&P 500, rising 340% as it leaned heavily into artificial intelligence. It has since retraced and retested support, showing potential to continue pushing higher. We're looking for a current entry of around the $75 Price Levels to be positioned before tomorrow's Pre-Market Session, with a $74.60 Stop Loss and $79.98 Price Target going into the end of January. Even with it's recent bounce back, it's only $4.14 off it'sl 52-Week High meaning we could potentially see some heavy pushes higher above those $84 to at best, set new 52-Week Highs. Follow us to connect and stay tuned for more at MyMI Wallet. @MyMIWallet #MyMIWallet
Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Monday Trading Results https://www.tradingview.com/x/pHvP9BaE/ Buy Signals: The green boxes marked the buy entry zones for Monday’s session. Sell Signals: No sell entries were triggered, so there is no commentary for sell trades. Outcome: Both the first and second buy entries were activated, and all targets were achieved. Profit: The price moved a total of 321 points, resulting in approximately $6,400 in profit per contract. How Should We Approach Today’s Market? https://www.tradingview.com/x/1AUxXNMJ/ Looking at the daily chart, the price appears to have entered the supply zone within the green box range, which spans 21619 to 21896. While Monday’s bullish candle demonstrated strength, the upper wick formed during the U.S. session's close indicates that bullish momentum was met with selling pressure. This leaves a less-than-ideal setup for the bulls. The trend is likely to continue in the direction of the breakout from this supply zone. Today’s Trading Strategy https://www.tradingview.com/x/Jai0d7n1/ Buy Perspective: Entry Trigger: A breakout above both the resistance trendline and Monday’s high at 21897 is recommended for a conservative buy entry. Target Levels: First resistance: The yellow box, which contains the purple resistance trendline. Beyond this, the maximum target lies at 22111. Scenario Analysis for Bulls: Should the price rally, the green box zones (previous lows) will form a double bottom structure, providing a strong foundation for continued upside. A breakout above 22111 would confirm a larger double bottom pattern, potentially paving the way for a rally toward previous highs or even new all-time highs. Sell Perspective: Entry Trigger: A break below the ascending trendline and Monday’s corrective low at 21619 serves as the sell signal. Target Levels: Maximum target: 21520 Beyond this, further downside is possible; however, key support zones are unclear due to differing stair-step patterns during recent rallies and corrections. Conclusion The NASDAQ is at a critical juncture, balancing between bullish potential and bearish risks: For Buyers: Watch for a breakout above 21897 for potential upside to 22111 and beyond. For Sellers: Monitor a breakdown below 21619, with 21520 as the initial target. Be prepared for both scenarios, as the market continues to provide dynamic opportunities. Let’s stay sharp and trade wisely. ?