BTC volume and RSI is weakening Will likely fall to 82K levels Keep an eye on RSI for validity of setup
Start your week with this detailed analysis of Nasdaq futures for Monday, December 30, 2024. As we approach the end of the year, the market is showing significant corrections and presenting key opportunities for both longs and shorts. ? Short Setups: Look for entries near 21,500, targeting 21,300 and 21,100. Additional setups if the market continues to test lower levels. ? Long Opportunities: Key zones around 21,300 and 21,400, with potential moves back toward 21,500 and 21,700. ? Market Insights: Analysis of recent corrections and strategies to navigate today’s volatile market conditions. This video provides precise setups and actionable insights to help you finish 2024 on a strong note. ? Subscribe now for expert trading strategies, daily market analysis, and exclusive content to elevate your trading performance. Don’t miss out!
Identify the Pattern: Look for two distinct lows at approximately the same price level, separated by a peak. This pattern resembles the letter "W" and indicates a potential reversal from a downtrend to an uptrend. Confirm the Pattern: Ensure that the second bottom is not lower than the first, and the price has bounced off the support level twice. The peak between the two bottoms should act as a resistance level. Entry Point: Consider entering a long position when the price breaks above the resistance level (the peak between the two bottoms). This breakout confirms the pattern and suggests a potential upward movement. Stop-Loss Placement: Place a stop-loss order below the second bottom to manage risk. This helps protect against false breakouts or unexpected price movements. Target Price: Set a target price by measuring the distance from the bottoms to the peak and projecting it upwards from the breakout point. This gives an estimated price target for the trade. Monitor Volume: Look for increased trading volume during the breakout, as this can confirm the strength of the pattern and the likelihood of a successful trade. Risk Management: Ensure proper risk management by not risking more than a small percentage of your trading capital on this single trade. Disclaimer: Trading cryptocurrencies involves significant risk, and it's important to conduct thorough research and consider your risk tolerance before making any trading decisions. Always use proper risk management techniques and consult with a financial advisor if needed.
Hello dear traders this is my xauusd analysis. Kindly share your opinion with about this chart in comment section Current btcusd price is 92,900.0 Btcusd is going to fly soon because at the moment market running at our strong support zone. Guys from this level btcusd two times fly high toward 100k. We set target of 97,000 because here is our first resistance Key points: Support: 93,200.0 / 92,400.0 Resistance1: 96,000.0 / 97,170.0 Resistance2: 98,900.0 / 100,100.0 Downward trendline Trade setup: Entry: 92,900.0 Target: 96,900.0 Stop loss: 90,900.0 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me! Best Regards, The forex adventures
13 months later... This imagined roadmap played out very well, almost to perfection. Gold reached its reverse symmetry move target versus the Producer Price Index. A consolidation here should be expected.
Fibs allign demand / support trend timing = AOI take it w salt, to ur wounds, yum yum
Recent fall in DMART prices looks like a complete turnaround in the stock's story. DMART is indeed in the business of real-estate more than modern trade. Looks like the upcoming quick commerce players and e-commerce players are eating away the top-line for the company. On technical charts DMART had a huge selling volume and breaking of all the fib levels about to take a crucial support now. If the upcoming support is broken from 3,200 we can see 2,500 levels too... JAN'25 results will play a crucial part. As of now this looks neutral on outlook till the upcoming result.
https://www.tradingview.com/x/cwAx9YCr/ My dear friends, My technical analysis for GBPJPY is below: The market is trading on 1.1373 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable GBPJPY continuation. Target - 1.1313 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Hello, Happy New Year in advance The yellow trend line and probably the "A" point are the price target for the coming days, to reach this point after days of downtrend, the price needs a long range, so the emotional and sharp price movements in the middle or above and below the range are magnet to those levels and are not necessarily a valid breakout, be careful, good luck Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Our Perferance The NAS100USD is approaching key levels. The chart highlights a strong resistance zone at 21,785 and a short-term resistance near 21,570. The trendline indicates recent bullish attempts, but the price has rejected resistance levels multiple times (circled). Currently, a bearish move toward the identified support area around 20,680 is anticipated. A short position may be considered, targeting the support zone with appropriate risk Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.