Good morning, crypto enthusiasts! Today’s fear and greed index stands at 84, maintaining extreme greed status. Meanwhile, the stochastic RSI has entered the oversold area, sitting at 88. From a price action perspective, the range of 96,900 - 97,500 has been successfully broken. The next target is 99K. However, caution is advised as there’s a potential correction range between 98,061 - 96,911. Stay safe, avoid FOMO, and always manage your risk. That’s all for today’s crypto update. Akki signing off, one chart at a time. Have a nice day and stay SAFU!
As of 3:00 AM on December 5 (UTC+7), the 1-hour trend turned bullish. A buy zone has formed at 97,517 USDT, where traders can watch for a spring on the 5-minute chart. However, caution is advised: during the 2:00–3:00 AM interval, the bar at 3:00 AM exhibited the highest volume. When a breakout concludes with a bar showing peak volume—whether at the top in an uptrend or the bottom in a downtrend—it often signals a potential price reversal or a deeper correction. This surge in volume suggests that the prevailing trend may be exhausting, as heightened trading activity at these extremes can indicate that the current price movement is losing momentum. Therefore, approach the 97,517 USDT buy zone carefully. Additionally, a sell zone exists at 99,121 USDT, but given the current bullish trend, it's less favorable for selling opportunities.
Trading Plan for CRM (Salesforce) Technical Analysis & Price Action: * Current Trend: CRM saw a significant gap-up post-earnings, hitting a high of $378 before retracing slightly. The price is holding above key levels, indicating strength. * Support Levels: Immediate support at $367. Below this, look for $358 as the next key support. Stronger support resides at $334, the pre-gap consolidation zone. * Resistance Levels: The primary resistance is $378, today's high. A breakout above this level could push CRM toward $385-$390. Liquidity Zones & Order Blocks: * Liquidity Zone: The $358-$367 range is critical, where buying interest remains strong. Watch this zone for potential re-entry. * Order Block: The zone around $367-$370 shows signs of institutional interest. If CRM holds above $367, bullish momentum is likely to persist. Scalping Gameplan: 1. Entry for Scalping: * Long Entry: Above $378 on volume, targeting $380-$385. * Short Entry: Below $367, targeting $360-$358. 2. Stop Loss: For long positions, set a stop-loss at $367; for shorts, set it above $370. 3. Exit Targets: For longs, partial profit at $380 and final exit near $385. For shorts, aim for $360 and reassess near $358. Swing Trade Strategy: * Bullish Setup: Enter long above $378 with a daily close confirmation, targeting $385-$390. Place stop-loss at $367. * Bearish Setup: A break below $358 opens a swing short opportunity, targeting $350 and $334. Suggestions & Projections: * CRM has strong bullish momentum following its earnings release, but it is nearing overbought levels on intraday charts. A breakout above $378 could extend gains, but a failure to hold $367 may lead to a pullback. * Monitor volume closely to validate the breakout or breakdown. Thoughts: * CRM offers an excellent scalping opportunity around the $367-$378 range. Swing traders should wait for a confirmed breakout or breakdown for cleaner entries. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and trade responsibly.
High Followers. I like to keep things simple. We needed this pullback as XRP has risen over 400% this year alone. Although, checkout the momentum indicator as there is a clear breakout marking a 3 year high. Things are going to get very rocky with XRP any day now. I would not engage in day trading this asset. I am long term bullish on XRP with an anticipated growth to $18-$22.
Bullish Penant Forming for BTC. Short Term Targets 1.6-2.6 Fibo Levels. 104,750 First Target.
If you are in losing trading - Follow this and make money for years - Buy & Sell
Trading Plan for TSLA Technical Analysis & Price Action: * Current Trend: TSLA is in a consolidation phase near $356. Recent bullish momentum suggests a potential breakout above $360, but the price is testing resistance. * Support Levels: Key support at $348 and a stronger floor at $340. A breakdown below $348 may signal a bearish reversal. * Resistance Levels: Immediate resistance at $360. A break above this could target $370, while failure to break $360 could lead to a retest of $348. Liquidity Zones & Order Blocks: * Liquidity Zone: The $348-$350 range has seen significant buying interest, suggesting it is a key demand area. Traders should watch for reactions at this level for potential bounces. * Order Block: Around $355-$356, sellers have previously pushed the price lower. A breakout with strong volume above $356.70 would invalidate this resistance. Scalping Gameplan: 1. Entry for Scalping: * Enter long above $360 with confirmation, targeting $363-$365 for quick profits. * For shorts, enter below $348, targeting $345-$343 with a tight stop-loss. 2. Stop Loss: Use a stop-loss just below $348 for long positions or above $360 for shorts. 3. Exit Targets: Adjust exits dynamically based on momentum and volume spikes. Scalpers can book partial profits at $363 for longs and $345 for shorts. Swing Trade Strategy: * Bullish Setup: If TSLA closes above $360 with high volume, initiate a long position targeting $370-$375. Place stop-loss at $348. * Bearish Setup: Short positions can be considered below $348 with a target of $340-$330. Suggestions & Projections: * TSLA has shown resilience, but it is at a critical juncture. A breakout above $360 could trigger a rally to $370. Conversely, failure to hold $348 might lead to a deeper correction. * Watch the volume closely as it will confirm the breakout or breakdown. Thoughts: * TSLA offers opportunities for both bulls and bears. Scalpers should capitalize on intraday volatility, while swing traders should wait for a confirmed move above $360 or below $348. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your due diligence and trade at your own risk.
Market Overview: • Trend: GBP/JPY continues its bearish trajectory, respecting the EMA resistance and forming lower highs and lows on the 4-hour chart. • Current Price: The pair is consolidating around 190.14, following a significant move down from the 193.30 resistance area. Key Levels: • Resistance: • Immediate: 190.90 - 192.30 • Strong: 193.88 • Support: • Immediate: 188.13 • Deeper: 186.05 Insights: • Bearish Continuation: The rejection from the 192.30 zone and the sustained trade below the EMA cloud signal strong seller dominance. • Economic Events: Upcoming BOJ and BOE commentary could add volatility to the pair. Stay cautious of intraday swings as traders position for the releases. Trade Setup: • Short Bias: • Entry: Re-test of 190.90. • Stop Loss: Above 192.30. • Targets: Initial at 188.13, extended to 186.05. Summary: GBP/JPY is heavily influenced by monetary policy expectations and recent dovish BOE signals. The downside remains favorable, with sellers likely eyeing the 186.05 zone as the next major target. Keep an eye on news flows and economic data releases for potential disruptions.
Trading Plan for NVDA Technical Analysis & Price Action: * Current Trend: NVDA is trading within an ascending channel, indicating a short-term uptrend. The price is approaching a key resistance zone near $146, while maintaining support at $140. * Support Levels: Immediate support at $140.34 and stronger support at $137.83. * Resistance Levels: Current resistance at $145.79. A breakout above $146 could test $150. * Liquidity Zone: The $140-$142 zone shows significant buying interest, evident by the volume spike and price rejection from lower levels. Order Block Insights: * A bullish order block is identified around $140-$141, where large buying volumes emerged, pushing the price higher. This zone could serve as a re-entry point if the price pulls back. Scalping Gameplan: 1. Entry for Scalping: * Buy above $145.80 for a quick scalp targeting $146.50-$147. * Look for a pullback to $140-$141 and enter on bullish confirmation for a tight stop-loss setup. 2. Stop Loss: Place stop-loss slightly below $139.50 to manage risk. 3. Exit Targets: For scalping, take profit near $146.50-$147 and adjust based on momentum. Swing Trade Strategy: * Bullish Outlook: Enter above $146 on a confirmed breakout for a swing trade targeting $150-$152. Set stop-loss below $140 for risk management. * Bearish Outlook: If the price fails to hold $140, a short trade could target $137.80, with stop-loss above $142. Suggestions & Projections: * NVDA is exhibiting bullish momentum, but the overextended MACD hints at a potential pullback. Watch for volume confirmation near resistance before entering. * For scalping, stick to tight levels and monitor volatility. Swing traders can wait for a breakout above $146 or a retest of $140 for optimal entries. Thoughts: * NVDA is showing strength, supported by robust volume, but caution is advised as the stock nears resistance. A breakout could attract fresh buyers, pushing the stock higher. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
First of all we had a good run up for a coin who called dead. Remember we have been in the 2250 - 2500!! From the lows its a rough 75% up. ETH couldnt propell up like other coins did, e.g. XLM 5 fold XRP the same... But now we are here at the big support of USDT.d Expect hard drops, like no one can imagine at that time. I painted some arrows with the next Fibonacci but it could also be 1 Fibo line below for each arrow to start and stop. Only future will tell. Trade safe and stay in spot market as it brings constant gains over long time. Forget leverage you will be wiped out of market as i experienced lev trading from 2016-19. After i stopped that gamble i had profits in my hand and bank account :)