I don't buy and sell this coin, but it will rise 5 percent from here and then it will exit the triangle and continue. But I don't trust it.
I think that Carvana might have major bullish momentum coming soon. Given that there are expected to be auto tariffs in place, people will be apt to not buy new. Used cars will start to become commonplace again, and people doing rideshare will increase, thus also boosting Uber and Lyft shares.
NYSE:VTR broke out of the first base and held strong above the support. As a REIT, the move up could be slow. However, this would be a low-risk entry with a stop loss below the recent low at $65.
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Mastercard is neutral on its 1D technical outlook (RSI = 52.317, MACD = -0.060, ADX = 29.709) having just recovered its 1D MA50 following the March 13th rebound. The pattern here is a Channel Up and March's bearish wave already hit the 0.382 Fibonacci retracement level much like the previous one did on May 1st 2024. That however went on to extend the decline to close to the 0.5 Fibonacci level and hit the 1D MA200. Consequently there is a chance of one more month of slow decline to the 1D MA200 but overall, this is a good enough level to buy again for the long term and aim for the -0.382 Fib extension (TP = 620.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Gold went up in the early trading, but the price fell again after rising to 3135. The fluctuation range of European trading narrowed. ADP employment data exceeded expectations. The market failed to break out of the trend. The current market is in the range of 3135-3109. The market is waiting for the details of the reciprocal tariffs and industry-specific tariffs to be announced at 3 am. The tariff policy announced by Trump is expected to have an adverse impact on the global economy, especially the United States. The current structure of gold is still bullish. After the correction, continue to go long at the key support level. At the 4-hour level, the current market is shrinking and oscillating at a high level. The K-line is running above the middle track, and the oscillating and strong trend is maintained above the middle track. Focus on the 3100 support break. Only when it breaks below 3100 will the downward space be opened. There can be more at 3080-3060 below, and only when it stands above 3135 can it further hit a new high. Before the data, continue to see range oscillation, the small range is 3110-3135, and the large range is 3100-3150. In the short term, you can quickly enter and exit in the small range with high altitude and low long.
This was an explanation to my trade this morning, we won the trade with a 1:3 RR.
First Triangle Pattern is Breaked Out and Next Channel Pattern is Formed at Retest for Triangle Pattern . Now Channel Pattern is Ready to breakout , SO look an Eye on it when Breaking Only Enter after the breakout of upper Trendline of Channel Pattern . Be Careful when entering at breakout Follow for more Swing Trade Ideas Like This
Last month, I pointed out that Large Speculators started to close out their net-long positions in Gold futures, betting on the possibility of a reversal as they attempted to time the market turn at all-time highs. This behavior continued for several weeks, yet Gold’s price continued its upward rally, leaving many traders scratching their heads. What’s particularly puzzling is the lack of chasing in this rally, especially considering the massive price movement since then. This is particularly surprising because Large Speculators, for the most part, are trend-followers — and right now, the trend in Gold is unmistakably bullish. When comparing positioning in Gold to Silver, there’s a distinct difference. While Large Speculators initially followed the rally in Silver, continuing to buy as Silver lagged behind Gold, this strategy was much more reactive. Silver’s underperformance relative to Gold made sense, given that Silver is more crowded than Gold — meaning there’s less demand and fewer buyers. The key takeaway from this analysis is that the Commitment of Traders (COT) report can offer valuable insights into which market presents the better risk/reward trade. In this case, the COT report highlighted Gold as the superior trend to follow, especially for traders looking to capitalize on precious metals amidst all the tariff news and rising market uncertainty. By using the COT, traders can refine their strategies to focus on trends with more significant potential, rather than getting distracted by more volatile, crowded trades.
DOG, the decentralized meme coin built on Bitcoin’s Runes protocol, is displaying strong bearish signals as it repeats a previously observed downward trend. The price is currently at $0.001641, having recently broken down from the key support level of $0.002121. Given the repeated bearish pattern, DOG is likely to continue its decline, with the next potential support level at $0.0006. Key Bearish Indicators 1. Price Breakdown Below Support DOG has already fallen below $0.002121, a critical level that previously provided strong support. This confirms a bearish trend, with sellers pushing the price lower. 2. Next Major Support at $0.0006 Based on historical price movements, the token could find support around $0.0006 if the bearish momentum continues. Breaking this level could trigger further downside pressure. Bearish Market Structure DOG appears to be forming a descending triangle pattern, a strong bearish continuation signal. The previous price drop aligns with this pattern, suggesting further declines ahead. Decreasing Volume & Market Sentiment DOG’s 24-hour trading volume is at $8.66 million, down 12.90%, showing weakening interest from buyers. The market cap sits at $161.23 million, reflecting a 3.63% decline in the last 24 hours. The Volume/Market Cap ratio of 5.25% suggests short-term speculative trading, rather than long-term accumulation. Lower Highs and Lower Lows DOG has been forming lower highs and lower lows, a textbook signal of a persistent downtrend. Every rebound has been weaker than the last, indicating that buyers are losing strength. Conclusion: Further Decline Likely DOG’s bearish momentum suggests that the token could continue its downward trend, targeting $0.0006 in the near future. The break below $0.002121 solidifies the bearish outlook, and with a lack of strong buying support, further declines seem likely. Traders should watch for potential relief rallies, but the overall sentiment remains bearish unless the price reclaims higher support levels.