Waiting for eventual downpour into the 70k-80k range, then I’m selling my house and buying as much bitcoin as possible
Breaking out of a descending channel with support at $2.37 and targeting $2.92 (ATH zone). Watch for a retest.
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MOVEUSDT is not feeling so good after listing. While bitcoin can't break through strong resistance, MOVE is facing manipulation and position accumulation by a large player before strong selling. The growth attempts marked on the chart are false attempts, the essence of which is to deceive speculators and at their expense to accumulate a large position before possible strong sales Scenario: the price is spinning around 0.600 for quite a long time - the third retest. Less time passes between the second and the third than after the first and the second, which generally indicates the market's intentions. The price is approaching smoothly, with the character of consolidation, which only increases the chances of the support breakdown, because every hour the seller is creeping closer and closer to the level Idea: retest of 0.60 support, breakdown and further fall. Strong impulse is possible. Target 0.5 - 0.4
The cryptocurrency market has been buzzing with excitement as Spot Ethereum ETFs have recently broken a significant record.1 This development has sparked renewed interest in Ethereum and its potential price trajectory.2 As Ethereum's network continues to grow and mature, analysts are speculating whether the ETH price could reach new heights, potentially even surpassing the $5,000 mark. Ethereum Fees Hit 9-Month High Amid Strong DeFi Activity One of the key factors driving Ethereum's price and network activity is the surge in DeFi applications.3 As more and more users flock to decentralized finance platforms, the demand for Ethereum's network has increased significantly. This increased demand has, in turn, led to higher transaction fees, which recently hit a 9-month high. While higher fees can be a deterrent for some users, it also highlights the growing popularity of Ethereum and its role as the backbone of the DeFi ecosystem.4 As the network continues to scale and improve, it is expected that transaction fees will stabilize and potentially even decrease over time. Ethereum Price Analysis 12-14: Expect Rally As ETH Holds Steady Around $4,000 Recent price analysis for Ethereum indicates a strong bullish sentiment among analysts. The cryptocurrency has been holding steady around the $4,000 level, and is believed that a significant rally is imminent. Several factors are contributing to this bullish outlook, including: • Strong Fundamental Performance: Ethereum's underlying technology continues to evolve, with significant upgrades and improvements being implemented regularly.5 This ongoing development has solidified Ethereum's position as a leading blockchain platform. • Institutional Adoption: Institutional investors are increasingly recognizing the value of Ethereum as a store of value and a tool for innovation.6 As more institutions allocate funds to Ethereum, it could lead to significant price appreciation. • Positive Market Sentiment: The overall cryptocurrency market has been experiencing a period of sustained growth, and Ethereum has been one of the primary beneficiaries of this bullish trend.7 Ethereum Set For A Parabolic Surge? While it is difficult to predict the exact price trajectory of any cryptocurrency, it is believed that Ethereum could be poised for a parabolic surge. A parabolic surge is a rapid and sustained increase in price, often characterized by exponential growth. Several factors could contribute to such a surge, including: • Major Technological Breakthroughs: Significant advancements in Ethereum's technology, such as the implementation of Layer-2 scaling solutions, could unlock new levels of scalability and efficiency. • Increased Institutional Investment: As more institutional investors allocate funds to Ethereum, it could lead to a significant influx of capital into the market. • Positive Regulatory Developments: Favorable regulatory policies could further legitimize the cryptocurrency market and encourage broader adoption of Ethereum. Conclusion The recent surge in Ethereum's price and network activity, coupled with the positive outlook from analysts, suggests that the cryptocurrency could continue to outperform in the coming months. While it is impossible to predict the exact price target, the potential for significant gains remains high. However, it is important to approach the cryptocurrency market with caution and conduct thorough research before making any investment decisions.
AUDNZD is printing bullish flag most likly it will move up after side ways
There is a clear rising wedge bear formation on the bitcoin chart. It would be wise to be cautious of sharp declines after its breakout.
Intro: Review of Previous Day’s Plan Yesterday’s chart depicted key levels for supply, resistance, and demand zones. The anticipated plan highlighted a sideways consolidation around the "Last Resistance for ATM" zone, followed by a bullish breakout near 53,700. As per the actual market movement, Bank Nifty tested the resistance at 53,700 but failed to sustain momentum, leading to a pullback towards the Opening Support Zone. This reaffirms the importance of respecting identified zones and acting on confirmation signals. Color Coding in the Chart: Yellow: Sideways trend Green: Bullish trend Red: Bearish trend Trading Plan for 16th December 2024 If Gap Up Opening (200+ points above previous close) A gap-up scenario would place Bank Nifty near the upper resistance zone (54,092 to 54,322). In such cases: Action Plan: Wait for the first 15-30 minutes to observe price stability. If an hourly candle closes above 54,322, initiate a long position with a target of 54,787 (supply zone). If prices show rejection from 54,322, expect a retracement towards the Opening Support Zone (53,700 to 53,540). Avoid chasing the gap-up blindly; confirm the breakout or reversal with volume and price action. If Flat Opening A flat opening would likely position Bank Nifty around the Opening Support/Resistance Zone (53,700 to 53,540). Action Plan: Monitor price action within this zone. A strong breakout above 53,700 can lead to bullish momentum, targeting 54,092 first and then 54,322. On the flip side, if Bank Nifty breaks below 53,540, a bearish trend may develop, pulling prices toward the Opening Support at 53,398 and potentially the Last Support for Intraday at 53,074. Be cautious and use tight stop losses, especially if volatility is high. If Gap Down Opening (200+ points below previous close) A gap-down opening may test the Last Support for Intraday (53,074). Action Plan: If Bank Nifty holds above 53,074, consider entering a long position with a target of 53,540 and 53,700. Look for bullish reversal candles at this level. If prices break below 53,074, a bearish trend could extend toward 52,700 and further to the Mitigated Demand Zone (52,484 to 52,311). Avoid entering counter-trend trades unless clear reversal signs are observed. Risk-averse traders should wait for price action confirmation to avoid false breakouts. Tips for Risk Management in Options Trading: Use defined stop losses to protect your capital, particularly on hourly candle closures beyond invalidation zones. Avoid over-leveraging and position your trades based on your risk tolerance. As a guideline, limit exposure to 2-3% of your total capital per trade. Focus on ATM or slightly ITM strike prices with adequate liquidity for intraday trades. Avoid OTM options during volatile conditions. Implement a time-based exit if the trade does not hit the target within a predefined period. Summary and Conclusion: Bank Nifty’s price movement today will likely hinge on the interaction with key zones like 53,700 (Opening Resistance) and 53,074 (Last Intraday Support). Use the first 30 minutes post-opening to observe stability, and act based on breakouts or reversals. Follow a disciplined approach and avoid emotional trading. Disclaimer: I am not a SEBI-registered analyst. The above plan is for educational purposes only. Please consult with your financial advisor before making any trading decisions.
Baja Auto daily RSI is around 35 and sentiments for auto segment being bad it seems it will further fall. On 15m time frame rsi for 15m is around 60 and for since few period the price reverses from that level .. target might be 8900 and if it continues to fall it will be 8750. This is for study purpose only may comment your take on baja auto and suggest if my analysis is missing something