As a follow-up to our previous SUI analysis, the price has successfully tested the neckline region and broken above it, reinforcing bullish strength. https://www.tradingview.com/chart/SUIUSDT/q18SS0Rg-SUIUSDT-trading-opportunity/ This breakout validates a potential double bottom formation, signaling a significant upward move with the projected target highlighted on the chart. The immediate buyback area offers a strong re-accumulation opportunity, while the neckline zone remains a key demand area for support. Share your thoughts on SUI in the comments!
As explained in my weekly forecast, I am expecting a big drop today. The early surge is purely due to global tension. I am looking for PA around the trend line retest which is should be 2650 area. First target is 2600, 2nd is 2560.
https://www.tradingview.com/x/7vGVuO68/ Here’s my plan for tomorrow’s price action: I trade based on key indicators at the 8:30 CST Open. If the market sells, my target range is 200-300 ticks. However, I try to avoid being too greedy and will likely secure profits around the low 200s, depending on market volatility. https://www.tradingview.com/x/mFSIOVby/ One of the many reasons I love trading the Dow Jones is its respect for structure—price tends to honor key trendlines, as seen on the 2H chart. This week, I anticipate strong bearish action, similar to last week. Once we hit the target area around 43,500, we could see a shift back into Buys. Only time will tell. Let’s stay sharp and collect those ticks!
As of December 8, 2024, Meta Platforms Inc. (META) is trading at $601.67. Let’s dive into the technicals and fundamentals to strategize! 1. Fundamental Analysis: Meta’s Strengths and Growth Potential * Forward P/E Ratio: Estimated at 21.5, indicating a premium valuation for a growth tech giant but justified given its strong fundamentals. * Expected EPS Growth: Analysts project a robust 18.2% 5-year EPS growth, fueled by its dominance in social media and investments in AI and the Metaverse. * Expected Revenue Growth: Meta’s revenue is expected to grow by 11.8% annually over the next five years, indicating sustained user engagement and ad spending recovery. * Net Margins: A stellar 28.5%, reflecting Meta’s cost efficiencies and high profitability in its core advertising business. Fundamental Rating: 9/10 Meta’s growth prospects, profitability, and strong market position make it an appealing investment for long-term growth-oriented investors. 2. Technical Analysis: META’s Price Action & Setup Support and Resistance Levels: * Key Resistance: $629.79 (previous high and liquidity zone). * Immediate Support: $547.75 (recent breakout level and psychological threshold). * Secondary Support: $496.44 (50-day EMA and previous demand zone). Indicators: * MACD: Bullish crossover, confirming positive momentum. * Moving Averages: * 20-day EMA: Positioned at $580.50, acting as dynamic support. * 200-day EMA: Positioned at $496.44, signaling a long-term uptrend. Liquidity Zones & Order Blocks: * Liquidity Zone: $547.75 to $601.67, where recent accumulation suggests institutional buying. * Order Block: $520 to $547, indicating strong demand in case of a pullback. Bullish Scenario: * A breakout above $629.79 could open the door for further gains toward $650 or higher, with momentum-driven buying. Bearish Scenario: * A rejection at $629.79 followed by a breakdown below $547.75 could trigger a pullback to $520 or the 200-day EMA at $496.44. 3. Trading Plan: Playbook for Scalping & Swing Trading Scalping Setup: * Entry: Look for a retest and bounce off $601 or $580. * Target: $615 (short-term resistance) or $629 (upper range of current consolidation). * Stop-Loss: $574 (below recent demand zone). Swing Trading Setup: * Entry: Accumulate near $547 (key support) or wait for a breakout above $630 with volume. * Target: $675 to $700 for a medium-term bullish target. * Stop-Loss: Below $520 to manage downside risks. 4. Where META Might Be Headed Next Meta is in a solid uptrend, supported by strong fundamentals and bullish technical signals. The stock is currently in a consolidation phase near the $600 mark, which could act as a launchpad for another leg higher. However, patience is key—pullbacks to $547 or even $520 would present better risk-reward opportunities for longer-term entries. Disclaimer This analysis is for informational purposes only and not financial advice. Always do your own research and consult a professional before trading.
XLM also known as Stellar was exposed to a less than stellar launch back at the peak of the 2021 bull market. However, after a massive beat down to les than 10cents, XLM has recently rallied back to all time highs on the notion that American made crypto holders can realize gains without capital gains tax. Not only that, but XLM offers low-cost transfers which allows cross-border transactions between any pair of currencies. At the moment, I have been watching XLM consolidate after a huge move, which may be a potential signal that this crypto is coiling up for its next move higher. I have taken this long trade at the Value Area Low, and would like to see new all time highs made. We've also bounced off the anchored vwap from the beginning of this recent pop upwards. Lets see how this one plays out!
HBAR has completed the leading diagonal structure as projected in our earlier analysis. https://www.tradingview.com/chart/HBARUSDT/4tkpX2bL-Hbarusdt-Buy-opportunity/ Currently, waves 1 and 2 of the ongoing impulse cycle are confirmed, with wave 3 in progress. The focus remains on the immediate support zone as a potential re-entry area, aligning with the projected wave 3 target indicated on the chart. Post wave 3 completion, a corrective phase is expected before the final leg of the current cycle unfolds. Share your insights on HBAR in the comments!
A very short post ? I just wanted to let you know, based on my technical analysis I see $62 to $63.5 an area that Crude Oil probably see in the near future. Then it has the potential to go towards $57. That's it ? Cheers ?
Hi guys, I hope you are doing well ** The index jumped up and passed two important resistance lines and even settled on them ** The index also passed my Fib so important level 23.6% and needs only to settle on then surge up towards my TP level ** The Used time frame on the chart is 4H and I used also the daily and the weekly frames for that analysis ** I see that there is a room to surge up too my second Fib retracement level but I prefer currently to set my long to the TP on the chart to avoid a possible retracement! 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.
Doge is the UNDISPUTED king of the Space in the Meme sector and Baby Doge is a way for those who missed the early stages of DOGE to experience life changing gains with VOLUME BABY DOGE is no different from Baby Bonk a derivative that has been ORGANICALLY developed aged and delicately setup for LiFE CHANGING moment to strong hands NOTABLY the Volume BAR is a SHOUT out to speculators and even serious investors to CONSIDER that this issue is Handled by Mr. Bitget crypto Desk dealer with such CONSIDERATION not to cause any discomfort and maintain sanity of fragile folks strategy: Buy Sit and Sell when Happy Catalyst: Doge takes the lead Bonk follows the rest FOMO ==== Post Script when ur feeling overjoyed someday you can always send me some DOGE coins Many thanks in advance folks. DFx6RuBRSc4bCa8DKeU51JqybGWv3dp3eR
Let’s dive into another crypto asset analysis from the gaming sector to see if it has any chance to make us more money. This time I picked Axie Infinity with the AXS ticker. Most have heard of this famous project, but for those who have not known about the project, here is the CMC info on BINANCE:AXSUSDT Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. BINANCE:AXSUSDT Market Cap: $ 1.45 B Market Cap Rank: 95 Market Price: 9.31 $ ATH: $ 165 (-94%) ATL: $ 0.1234 (+7414%) Technical highlights: - W1: Trend: Price has been in a parallel channel for 800 days. We had the last LL in Nov.2022 at $ 4. After that price tested that level twice and both times bounced. Price managed to break local resistance level from $ 6.00 to $ 6.6 with sharp candle and good volume. That was a clean break through but price remains in the parallel channel. The point is, price trend from downtrend turned to sideways and many times (not all times) sideways after a long downtrend means accumulation phase. Still we need to check volume and I checked OBV. OBV increased in this sideway phase (769m to 885m) so people bought more in this 800 days. the next hints. MA: Price holding above MA20 in monthly time frame. In the weekly time frame, MA20 located below MA50 but with the help and support of MA20, price jumped above MA50 at $ 6.94. MA50 acted as support and been tested successfully last week. On the other hand, in the daily time frame, price hovers above MA20, 50, and 200 and says bulls are in control. RSI: The value is around 67.9 and is strong in the weekly time frame, which supports the local bullish trend direction. The RSI value in the daily time frame is 68 and it’s almost at the same value of W1. The difference is the RSI in D1 turned into overbought twice and printed a bearish divergence. So, I think there will be a cooldown before any major growth for a healthier growth. Stoch RSI: The Stochastic RSI in W1 is in the overbought zone. That’s another reason to expect a retracement. The Darvas Box: Charts sometimes create patterns with repeating results. That’s why we use them to predict the next move of the trend. In the accumulation phase, there are many patterns that can help us earn profit by following them, but most of them need to be observed and backtested every day to see if they’re still working and reliable. The Dravas box is one of the patterns that can be seen in accumulation periods. Simply put, it’s a sideways (trend must clarify the range high and low) move that eventually breaks above the 52-week high with increased volume. In this chart, the price is still located below the 52-week high ($13.5) and it is still early to call it a box, but if that happens anytime, then the price will most of the time increase for days. In addition to volume increase, we must observe the absorption of supply at 52 weeks' high. Meaning the price needs to stick right below that level for a few days before the breakout, and it’s better to see OBV increase for more confirmation. Gaming tokens are still underwater and haven’t moved like other assets like MEME coins, but I believe this is a good time to pick some of the best gaming tokens with real use cases and a well-known team. In my point of view, channels play an important role in trend direction and targets. Supports: $ 8.00 at Ma20 in D1 $ 7.00 at Ma50 in W1 $ 6.00 last known resistance break Resistances: $ 10.7 D1 Supply zone $ 13.50 Range high / 52 weeks high $ 19.00 $ 23.00 MA200 in W1 $ 45.00 $ 65.00 W1 local high $ 100 W1 supply Conclusion: All these opinions are mine and can be wrong, so please DYOR. This token is one of the best gaming token with many users and strong community. I will buy partially on the possible pullback. Please always do the risk management. ** In addition to the volume increase, we must observe the absorption of supply at the 52-week high. This means that the price needs to stick right below that level for a few days before I need more energy to carry on, which is provided by your support. Don't forget to hit boost, share, and comment on your point of view with me. ** My strategy goes as below: ? Pair: AXS/ USDT ? ? Bitcharge ? ? 08/12/2024 ? POSITION: ?"Buy"? 2 % of capital ? Buy: $ 9.3 (10%) – $ 8 (20%) – $ 7 (30%) - $6 (40%)? ?Sell Targets? ?TP1: $ 10.6 ? ?TP2: $ 12 ? ?TP3: $ 13.4 ? ?TP4: $ 15 ? ?TP5: $ 17 ✈️ ?TP6: $ 19 ? ?TP7: $ 23 ? ?TP8: $ 33 ? ?TP9: $ 45 ✨ ?TP10: $ 55 ⭐️ ?TP11: $ 65 ? ?TP12: $ 75 ? ?TP13: $ 85 ? ?TP10: $ 98 ⭐️ ?TP11: $ 110 ? ⛔️ SL: $ 5.10 ⛔️ by closing W1 Below --Stay rich--