CPI tomorrow, usually has been bullish tinder for the market, but perhaps new pres elect, new data? Regardless, the technicals have spoken! RISING WEDGE INTO CPI = BEARISH by the Book short term 600P for 12.11.2024 are high risk high reward play. -Prophecies PS: Probably gap back up by next week after market shake up/out...
GBPNZD has formed ascending channel which is bullish continuation pattern. No bearish divergence also indicates continuation of trend.
I'm not a fan of figures, but here I couldn't help but develop both the cup and handle and the inverted head-and-shoulders figure, and the W reversal. You can choose how to interpret these patterns yourself. For me it becomes obvious that BNB will overcome the price of $1000. I would base on Fibonacci levels and expect a price of $1300. The worst target I would consider is $900 (very unlikely). RSI has been unloaded and we are preparing for further growth!
- Gold broke daily Triangle - Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below. The breakout of this Triangle accelerated the active short-term impulse wave 3 – which belongs to the intermediate impulse wave (3) of the primary impulse wave 3 from last month. Given the strong multi-month uptrend, Gold can be expected to rise to the next resistance level 2750.00, top of the previous impulse wave (1) from November and the forecast price for the completion of the active impulse wave 3.
- EURGBP under bearish pressure - Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November. The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January. Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Study pump and dumps and you can assume a roadmap like this. NASDAQ:SMCI , Cathie wood stocks etc. Saylor is a conman with a failing underlying business. YOLO'ing CRYPTOCAP:BTC on behalf of shareholders and people loaning him money IS NOT A REAL BUSINESS. It's a PONZI scam. Don't be fooled.
PEPEUSDT Analysis The chart shows clear **bearish divergences** on key indicators: - **OBV**: A bearish divergence indicates reduced accumulation despite recent price highs. - **RSI**: Another bearish divergence signals weakening bullish momentum. - **MACD**: Approaching a bearish crossover, suggesting a potential shift to downward momentum. Support Levels to Watch: 1. **0.236 Fibonacci Level (~$0.0201)**: Currently acting as support. A break below could lead to further downside. 2. **0.382 Fibonacci Level (~$0.0170)**: This is the next key support level if the 0.236 Fib fails. 3. **200-day MA (~$0.0117)**: Positioned near the **0.618 Fibonacci Level**, this is a strong dynamic support that could be tested if bearish momentum continues. Outlook: - If the **0.236 Fib level** holds, there could be consolidation or a potential bounce. - If it breaks, the price might head toward the **0.382 Fib level**, with the **200-day MA** as a critical support zone to prevent a deeper correction. Monitor the **MACD crossover** for confirmation of bearish momentum and watch the **Fib levels** for possible reactions. Stay cautious and prepared for further downside risk!
185 - 187 is a Make-it or Break-it Point. If this level is sustained, we may witness 200 - 220 + again & probably New Highs if it Crosses 235 - 236. Breaking this level would lead it towards 152 - 157
What goes up, must come down. What goes down, must come up. As above, so bellow. Yin Yang Good/Bad Keep calm.. relax, be greedy when others are fearful. The dip will get eaten up, this is just a healthy pullback in the market that liquidated the greedy buyers who never learn with their long positions ;)
From our chart you can see that the previous triangle is acting as a major support and a channel has been created to see price go up after a significant short on btc price