Nifty is crucial. Upside looks tough, but if Nifty sustains above 24289, then we can expect solid upside up to 24480-24700. If Nifty breaches 23800, then again it can retrace upto 23400-300 levels. All levels are marked in the chart posted.
After our previous short-term correction trade for TAO is complete, we return to the long-term time-frame for Bittensor. The correction did happen as predicted, but the buy support was extremely strong and thus TAO rebounded convincingly and quickly. According to long term FIB extension long-term targets are somewhere around 3100 USD, which is a reasonable target for AI as the dominant thesis of crypto. Very bullish on Bittensor long-term.
Possible accumulation phase on NYSE:PD . My pain limit is $14.46 in case I'm wrong. Take profit marked in green for 1/3 of shares only.
Bitcoin is neutral on its 1D technical outlook (RSI = 52.385, MACD = -483.200, ADX = 34.048) and just today it hit its 1D MA50, which is the first sign of restoring the bullish trend. The strongest bullish indicator is the Williams%R, which has rebounded rapidly since turning oversold at -93.00. Every time it hit that level and rebounded since July 2024, it rallied by +30%. Consequently, we aim for just under that level (TP = 115,000).
The forex pair EUR/USD (Euro vs U.S. Dollar) is currently trading at 1.03070 and is expected to move upwards with a target price of 1.09500, offering a potential gain of over 400 pips. The analysis is based on the falling wedge pattern, a bullish reversal pattern that typically signals an upcoming upward breakout. Before reaching the target, the price is expected to complete a retest, likely near the breakout level of the wedge. This retest confirms the validity of the breakout and strengthens the upward momentum. Traders should watch for confirmation signals during the retest, such as bullish candlestick formations or increased buying pressure. If the retest holds, it increases the probability of the pair achieving the target. Risk management is crucial to protect against potential false breakouts. This setup aligns with technical analysis principles, emphasizing the importance of patience and disciplined trading. A successful trade could yield significant returns in alignment with the bullish projection.
Something is wrong lately with the behavior of the Dow Jones index, which appears in the diagrammatic analysis as particularly weakened without having that upward spark that mainly distinguished it from last July until the end of November. Then, as reflected in the daily price chart, it is as if it ran out of fuel. In fact, the picture has worsened further since it not only breathlessly crossed the medium-term upward channel "C" downwards, but also by the fact that it broke it downwards and when it went to reassess it by testing the lower line at 43,550 points, it crashed. This indication strengthens the scenario of a new downward movement towards the next important support level of 41,350 points. Below there, we should revise the primary upward formation, thinking about a possible sharp decline even below the limit of 40,000 points. A strong change in the bearish scenario only with the bullish grab from the 43,550 to 44,000 level by the Bulls. Among the companies that have recorded significant losses since the beginning of last December, reaching up to -16%, are notable names such as NIKE (NKE), Procter & Gamble (PG), Johnson & Johnson (JNJ), UnitedHealth Group (UNH) whose CEO Brian Thompson was shot and killed on December 4 in downtown Manhattan, Chevron (CVX) and Home Depot (HD). The only companies that have taken the uphill path are Boeing (BA), Amazon (AMZN) and the queen of global capitalizations Apple (AAPL).
As we are seeing very sharp fall in NG from last 3 days...Weekly candle is most bearish candle with decent volume as well but as we come to daily time frame fall in volumes can be seen which denotes less interest on selling side and as trendline and EMA also showing support at 3.15-3.17 level , hope this level will not break on Monday. And if took a good support from this level ,get ready for new high above 4 dollers within next 2 weeks .
Last week Bitcoin swept the lows of the A-leg and went up again. This could be the finish of the (orange) ABC correction. Now we could see a correction down and another upmove from the Daily FVG lower to the Daily FVG higher, making it a complex (XYZ) correction pattern or the next impulsive leg up. Let's see what the market does and react. Trade idea: Wait for a change in orderflow to bearish and trade shorts into the lower Weekly FVG. If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or respectful comment. Don't be emotional, just trade!
from september 17th to december 17th bitcoin made the bullish moves and based on this "ASSUMPTION" i think bitcoin will hit 120k on 17th of january. and then after reaching 120K and based on the news it can rise upto 135K thats it 135K or less and then the bear rally can goes upto 76k to 85k or in between. alt season will come after january or at the last week of january. not a financial advice. just a thought before i was trying to sleep while reading charts and playing youtube alongside. thankyou
As anticipated, we’ve seen gold unexpectedly dip and it is now trading around $2639. However, on the 1-hour chart, gold remains in an uptrend with strong support at $2627. This suggests there is still a promising chance for gold to continue its upward momentum. Could this be the start of a significant rally?