The XRP/BTC pair is showing intriguing signs of potential as it tests key levels of support and resistance. XRP, known for its focus on cross-border payments and its partnerships with financial institutions, remains a widely discussed asset in the crypto space. While the market sentiment around XRP has been volatile due to legal battles and regulatory uncertainty, its fundamental use case in the financial sector continues to draw attention. The broader market context is bullish for Bitcoin, but XRP's price action against BTC has shown periods of strength, suggesting that it may be ready to capitalize on any altcoin rotation. Technically, XRP is nearing critical price points that could indicate a breakout or a retracement. Keep an eye on market volume and any potential news regarding Ripple’s ongoing legal case, which could impact future price movements.
NVIDIA (NVDA) has been a powerhouse stock, riding the wave of AI, gaming, and data center demand. Recently, the stock experienced a correction, which might have caused some investors to hesitate. However, from an Elliott Wave 2.0 perspective, this pullback was nothing more than a natural ABC correction following a classic 1-2-3-4-5 impulse wave—a textbook setup for long-term bulls. Understanding the ABC Correction in NVDA In Elliott Wave theory, after a strong five-wave rally, the market typically experiences a three-wave pullback (ABC correction) before continuing its long-term uptrend. This correction serves to shake out weak hands, reset overbought conditions, and set the stage for the next bullish impulse. The A-wave is the initial drop as profit-taking kicks in. The B-wave is the temporary bounce, often mistaken for a continuation. The C-wave completes the correction, offering smart investors an ideal entry point. NVDA’s recent pullback aligns perfectly with this structure, meaning the next leg up could be just around the corner. Why NVDA Remains a Strong Long-Term Bet AI Dominance – NVIDIA is at the center of the AI revolution, with its GPUs leading the industry. Data Center Growth – Demand for high-performance computing continues to surge. Technical Reset – The stock has worked off overbought conditions and is finding new support levels. The Opportunity: A Strategic Long Entry Now that the ABC correction has played out, NVDA presents an excellent long entry for those looking to ride the next bullish wave. With strong fundamentals and a technical reset, the stock is primed for another 1-2-3-4-5 impulse move, potentially leading to new all-time highs. For traders who understand market structure, this is a golden opportunity to go long before the next explosive rally begins. ?
Back in Feb when USDT dominance was at 4.7% level, it was stated that the index was about to rise and in reality the same took place and the rise in USDT dominance caused heavy dumps across the entire market. USDT.D is now in the vicinity of the long term descending trendline and some initial bearish signs are visible. Since it is the 3rd touch of the said trendline, we don't usually expect a crossing unless (for any reason) a strong sell pressure in the market kicks in. The main scenario here is a drop in the index which means a rise in the market.Yet, it needs some more time to do so and the trigger for the drop shall be the breaking of the indicated blue trendline. The alternate scenario is that USDT.D crosses above the long term descending trendline causing more drop in the market for the coming weeks and months.
? Major Trend Channel : The price remains within a long-term ascending channel. It recently rejected the upper boundary and is currently testing key support zones. ? Key Support Zone: The price is reacting to the SNR - Support level. If this level holds, a potential bounce toward 100,297 (mid-channel level) could be expected. ? Order Blocks & Imbalance: There are key liquidity zones, including a discount price imbalance and resistance order block around $55K-$60K, which could act as a magnet in case of further corrections. ? Potential Upside Targets: If bullish momentum resumes, the next target aligns with the channel’s 50% level at $100,297, before retesting the upper boundary. ? Overall Bias: Short-term retracement possible, but bullish structure remains intact above $73,969 support. Risk Warning: Trading carries a high level of risk and may not be suitable for all investors. Please ensure you fully understand the risks and seek independent advice if necessary.
Key Support and Resistance Levels Resistance Level 1: 41640 Resistance Level 2: 41956 Resistance Level 3: 42450 Support Level 1: 40650 Support Level 2: 40080 Support Level 3: 39650 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The key support and resistance levels for SPY today are above. Follow me to get this notified when I publish in the morning. Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions. Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change. If you find this information beneficial and would like to receive these insights every morning at 9:30 AM, I invite you to support me by boosting this post and following me @OnePunchMan91. Your engagement is greatly valued! However, please note that if this post doesn’t receive more than 10 boosts, I will have to reconsider providing these daily updates. Thank you for your support! Need any other charts daily, comment on this.
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments? Some time ago price started to decline inside falling channel, where it aat once boucned from support line and rose to resistance line. Then it continued to fall and reached $91300 level, broke it soon, and continued to decline next. Price exited from channel and started to trades inside wedge, where it at once made upward impulse to $91300 level. After this, price some time traded near $91300 level and then in a short time declined to support area. But soon, BTC bounced from this area and recently it started to grow from $80000 support level. In my mind, Bitcoin can rise to resistance line and then drop to $77850 support line of wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Nifty ended the week at 22,397, marking a decline of about 150 points from the previous week's close. The index reached a high of 22,676 and a low of 22,314, trading in a narrow range of just 360 points. This suggests that next week, Nifty could experience a wider range, with potential moves between 22,850 and 21,950 . Despite the weakness seen on both the monthly and weekly charts, Nifty remains range-bound as long as the critical support level of 21,950 holds. However, with the end of March approaching, many investors will likely start booking losses to offset any gains they’ve made this year. This could trigger another round of selling pressure in the market. As a result, we may not see a meaningful recovery until mid-April, meaning we could face one more month of market volatility and pessimism. It's crucial to keep cash ready to invest in fundamentally strong stocks during this period of market uncertainty. On the global front, the S&P 500 closed the week at 5,521, slipping below its 50-week exponential moving average (50WEMA). It seems likely that the index will test the 100-week exponential moving average (100WEMA) at around 5,240–5,250, which is about 4% below its current level. If this happens, we could see additional pressure across global markets, including India. In summary, brace yourself for another month of market negativity before any potential relief arrives. Stay cautious and focus on high-quality stocks for the long term.
Following the 4 year cycle with diminishing returns, it seems like we should buy in red, hold in yellow, sell in green. This takes emotion out of the investing experience.
Ethereum monthly chart logarithmic cycles shows us sideways movement is ending soon and direction will be found. Highest probability -> Bull market until April 2026. Lowest Probability -> Bear market until April 2026.