Hello Trader Ethereum is trading within a consolidation range, forming a potential breakout structure. A confirmed break above $1,913 could signal bullish momentum, targeting $2,159 - $2,163. The stop loss is placed at $1,772 to manage risk effectively. This setup presents a strong risk-to-reward opportunity for traders.
3.18 After yesterday's high-level shock correction, gold started to rise today, reaching a high of around 3038 in the US market.Looking at the evening, we continue to maintain the bullish and long position. In the short term, it will fall under pressure and move up to around 3018 support, as well as the 3010 support below. The main idea in the evening is still to go long, relying on the support to fall back and continue to go long. Gradually look at 3038 and 3050 on the upside! Operation suggestion: Buy gold near 3020-18, stop loss at 3012, and look at 3036 and 3050!
➡️ Bullish Scenario (Trend Continuation) ? Entry: Buy above 3038.50 USD (Breakout & retest confirmation) Buy on pullback at 3020 - 3025 USD (H1/M30 EMA 21 Support) ? TP Levels: TP1: 3050 USD TP2: 3065 USD TP3: 3080 USD ? SL: Below 3015 USD ➡️ Bearish Scenario (Short-Term Pullback Trade) ? Entry: Sell at 3038 USD, if price rejects (H1/H4 wicks) Sell below 3020 USD, if M15/M30 structure shifts bearish ? TP Levels: TP1: 3005 USD TP2: 2985 USD TP3: 2970 USD ? SL: Above 3045 USD ✔️ Final Notes: Primary Bias: Bullish (Buy on breakout or dip at 3020 USD) Secondary Bias: Bearish (Sell if rejected at 3038 USD) Best Execution Time: London & New York Overlap
NASDAQ:META Is the show over or will the show go on? At the bottom of the Bullish Channel that started in October 2022. A breakdown of this channel could lead NASDAQ:META back to a stock price in the 400's... A Breakdown retest of the lower Anchored VWAP band could be a false breakdown and bounce area as well. If we break through that though then this name is going to the $400's area. Not financial advice
NASDAQ:JD - H5_W Trade Setup: ? CupnHandle Breakout = ?$62 ?MM: $76 - Multi Year CupnHandle - Green H5_W - Volume Shelf with GAP - Thriving WCB - China is HOT! Not financial advice
NASDAQ:AMZN - H5_W Trade Setup: ? Confirmed CupnHandle Retest = ?$262 ?$280 ?MM: $310 - Multi-Year CupnHandle - Massive weekly volume shelf - Green Support Beam on Wr% - Undervalued MOAT Company Not financial advice
NASDAQ:BIDU - H5_W Trade Setup: ? Breakout = ?$155 - 50% Higher ? - Double Bottom - WCB Forming - H5_W is Green - Volume Shelf - China is Bullish Not financial advice
Technical Outlook: The price action since late February has been decisively bearish, characterized by a significant decline throughout March, indicating a clear mid-term distribution phase. We observed a recent rejection from a 4H and 1H supply zone (which fell within a pronounced drop-base-drop pattern). Notably, the most recent downward push failed to establish new lows. This follows a period of rapid decline with minimal bullish resistance. This suggests two possibilities: Bulls are strategically allowing sellers to exhaust themselves before a potential countermove. The prevailing bearish momentum is overpowering any attempts at bullish recovery. Trading Considerations: The daily candle has formed a bearish engulfing pattern, confirming strong selling pressure. My trading strategy involves waiting for a price retracement back into the identified supply zone. This pullback would serve to fill existing price imbalances and trigger resting orders above, providing an opportunity to enter short positions with improved risk-to-reward ratios on lower timeframes (LTFs). Currently, there are no indications of significant bullish manipulation. Therefore, I anticipate continued downward momentum this week. It's plausible that we might witness a final bearish surge coinciding with the FOMC announcement before a potential bullish reversal - a hypothetical scenario based on technical analysis. Final Notes: The previous instance of the price trading this far below the 200 EMA occurred in December 2022, marking the culmination of a year-long bearish trend. While we are currently only one month into this downward movement, it's crucial to remember that past performance is not indicative of future results. Although a bullish rally is possible, I will maintain a bearish bias and focus on short opportunities until a clear bullish reversal pattern emerges on the 4H and 1H timeframes. When such a reversal occurs, we will be ready to capitalize on the subsequent upward trend! ;)
#Bitcoin ? M2 ? M2 is the total money supply, including cash, bank deposits, and liquid assets. When M2 rises, more liquidity enters the market, often flowing into risk assets like #BTC and stocks - but with a 2-3 month lag as you can see on the Weekly tf. ? ? At the end of January, M2 broke its downward structure for the fourth time in this cycle and is rapidly gaining momentum, while BTC, as usual, lags behind and forms new lows. ? ✅ This chart is yet another positive signal adding to our overall case for the continuation of this rally. ???
Gold continued to rise today. This is the power of the trend. The belief that it will fall after rising too much is just a subjective will, not market logic. There is no turning signal. All peaks are risky. Of course, the market is always relative. It is impossible to keep rising. We need to prevent the risk of large adjustments. Gold operation strategy reference: Short order strategy: Strategy 1: Short 20% of the gold position in batches near 3050-3052 rebound, stop loss 8 points, target near 3030-3015, break to see 3000 line; Long order strategy: Strategy 2: Long 20% of the gold position in batches near 3000-3002 callback, stop loss 8 points, target near 3020-3035, break to see 3050 line;