Hi y’all, I converted CAN to USD in the upper, right-hand corner. It puts us below the .236 Fibonacci level for my “projected” macro bull fib. I’m pretty good at this at this point. The level between 0 and .236 is a low volume, high risk, high reward zone. If and once the price overcomes the .236 bull fib, then a new bull run is confirmed, and volume enters. New money and bigger players enter above that US $0.10 to $0.15 zone. For stocks, and all else equal, if we break through the .236, then we expect to see a .618 test. This is just how it is in stocks, and in crypto I’m looking for the .786 fib. Fat has a good history now, and there’s an all-time linear overhead that we’ve already cleared, and there’s a log overhead around $2, which the bears are not happy to see. A run for the log overhead is a fait accompli.
On Tuesday, the price of the US Dollar Index generally declined. The intraday price peaked at 104.444, bottomed out at 103.917, and closed at 104.189. From the perspective of the daily chart, the level of 103.80 below serves as a crucial watershed for the wave trend. As long as the price remains above this level, a short-term bullish position is advisable for the time being. Meanwhile, the short-term support of the four-hour chart is in the 104.10 area. Currently, the price in the short term is fluctuating and is likely to continue to retest the support area of the daily chart. Therefore, in trading operations, focus on the support of the daily chart and anticipate an upward movement. Trading strategy: buy@103.70-103.80 TP:104.50-105.00 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Gap up on open also coincidently triggering a break with significantly higher volume to bring GME out of its volatility funnel and potentially to $80+
? Ascending Channel: ? The price is moving upward within a parallel trend channel. ? Blue arrows (?) indicate resistance points where the price struggled. ? Red circles (?) highlight support areas where the price bounced. ? Fair Value Gap (FVG) Zone: ? The blue-shaded area (FVG zone) suggests a possible retracement before a bullish move. ? If the price dips into this zone, it may find liquidity and bounce back up. ? Projected Price Movement: ⚡ Expected pullback → into FVG zone (?), then a bullish push (?) towards $90,686.72 ?. ? Yellow arrow shows the anticipated price path. ? Support & Resistance Levels: ✅ Support: Around $86,000 - $86,500 (FVG zone). ? Target: $90,686.72 (next major resistance). ? Exponential Moving Average (DEMA - 9): ? The blue line (DEMA 9) at $87,414.57 is acting as dynamic resistance. ? A break above this could confirm further upside movement. ? Conclusion: ? Bullish bias remains strong ?. ? Watch for a dip into the FVG zone before a potential rally ?. ? If Bitcoin holds support, it may reach $90K+ soon ??.
Technical Analysis AUDUSD lies below 50 - period SMA (0.6324, declining) and 100 - day SMA (0.6512, falling), indicating a downward trend yet short - term upside potential. January 2025 RSI bullish divergence shows weakening downward momentum. Break above 0.6340 could push it to 0.6400; otherwise, it may range 0.6131 - 0.6302. Economic Fundamentals Australia: Its economic growth, inflation and export prices affect the Aussie. Growth aids appreciation; inflation undermines it. Higher resource prices boost the currency. US: Strong US data strengthens the dollar, weakening AUD/USD; weak data has the opposite effect. Market & Geopolitical Factors High risk appetite benefits the Aussie; low appetite favors the dollar. Geopolitical tensions prompt a flight to the dollar, hurting the Aussie. ??? AUDUSD ??? ? Buy@0.62500 - 0.62800 ? TP 0.63500 - 0.64000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
If you remember on the last update, I showed the possibility of the previous Wave 4 low getting taken out, which did happen. I’ve now re-counted the waves, as analysed on the video above. ⭕️3 Sub-Wave Correction (A,B,C) relabelled. ⭕️Wave 4 Low relabelled. ⭕️Main Supply Zone highlighted.
The markets have started to recover the recent downtrend showing some signs of strength by hitting key levels, and looking to change the overall direction of the downtrend. You can see the support being built up on BTC with this move higher, constantly bouncing and making higher highs and higher lows. We do have some key support below us, namely the point of control, cc fib, vwap, monthly level. Quite a large support. If lost, this could be quite bearish, however there could also be an argument for the bulls to really step in here and show the support to pump bitcoin above the key price of 90k. Lets see how it plays out!
Pinning after abnormal purchases. ?I enter at the market price. I'll let you know when I record it manually. ‼️Risk per trade: 1% of the allocated funds for spot trading. Thank you!
As I stated yesterday after price rejected from the Diagnonal resistance, I said price could retest and dump further or breakout to higher levels. I did ioen a short for the dump, but then I checked the trade this morning and realized it's in a breakout trend. So I closed the short in a small los and capitalized on the long at the point of resting the Trendline which is still running. Let's see how high price can climb now, currently at a strong zone.
Recently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine. Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range. USOIL Trading Strategy: Sell@69.5-70 TP:68-67 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!