BINANCE:WIFUSDT.P is in a very interesting area after falling more than 90% since the end of 2024 ath. A long here with the idea that it will reclaim 0.55 in next days and not make new lows. https://www.tradingview.com/x/w6M5Cb7Z/ If new lows, the idea is re long below 0.17 If you would like to follow the market and my trading ideas for free, you can join my telegram channel (in my tradingview signature, at the bottom of this post).
NYSE:UAA Well, it came down to $6.50, and as promised, I bought more. It has been creeping up during this market sell-off, and right now it is up against the trendline resistance. Can we see a breakout?
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Weekly Support is around 80000. However, 72500 - 73000 is its previous breakout level & probably a Best Buying Rage (if it touches) which is also a Confluence area of Trendline Support+Important Fib. level. Bullish Divergence on Shorter Time Frame + Weekly Support around 80000 (if Sustained) may push the Price up towards 87000 & then around 95000 - 96000. Ultimate Resistance is around 110000. Crossing this level may open new Highs Targeting around 136000. On Shorter Timeframe, 85000 - 86000 is the Immediate Resistance & Support is around 80000.
While gold cycles are a bit cconfusing, the silver cycle is crystal clear. Silver printed an ICL last year December .The intermediate cycle's first daily cycle is behind us . The DCL was printed on 28th February. Right now we are in the 2nd daily cycle . This is the daily cycle where silver can break 35$ and finish this intermediate cycle at 40-42$ during the following weeks. Gold printed a strong rally in the past weeks, but the xauxag ratio is turning down and there is a good chance the lower part of the consolidation box will be tagged during the following weeks. https://www.tradingview.com/x/m7b35qhf/ If you are in a gold long position probably it's time to switch to a silver long position... If you don't have any precious metal position it's time to open a silver long position.
- Bearish Trend Line Resistance: The chart is showing a clear bearish trend line resistance, indicating a potential reversal. - Overbought RSI: The Relative Strength Index (RSI) is overbought, indicating a potential pullback. - Bearish MACD Crossover: The Moving Average Convergence Divergence (MACD) is showing a bearish crossover. - Lower High: The chart is forming a lower high, indicating a potential trend reversal. It's is not financial advice thats my analysis
This is an update to my previous Gold analysis. I shared bullish sentiment when publishing my first analysis of XAUUSD on March 9th. I wanted to post the progression and how my analysis played out. From what I am seeing there was bearish move breaking through the 2,903 4H level and the 2,895 weekly key level. At the end of my previous analysis I had mentioned there would be potential to see some bearish momentum to hunt stops under the strong support that previously were tested six times. Price did happen to break below this level before making a move upwards. I was able to execute on a long position, this is highlighted in the chart above.
BTC has seem to make a characyeristic to climb back up. for now bias is a buy. probably to cover value gap from the decent from 91-92k the decent was substancial that it fail to return until today. so its logic for its return
QQQ reached a very trick position today. What we need to look for on Thursday is that, whether it will break above the trend line and stay bullish, or get rejected by the trend line and become very bearish. If it stays bullish, watch for some levels above that will possibly be tested. If it reverses to bearish momentum, it will find solid support at 450-445.
The March Rally Catalyst: Based on the algo's signals, the catalyst for the March rally could be a confluence of factors: Confirmation of Inflationary Cooling: Upcoming economic data releases confirming a continued moderation in inflation could trigger a wave of buying, as investors anticipate a more dovish stance from the Federal Reserve. Strong Corporate Earnings: Positive earnings surprises from key companies, particularly in the technology sector, could further fuel investor optimism and drive market momentum. Geopolitical Stabilization: Even a small sign of de-escalation in any of the current geopolitical hotspots could be enough to trigger a large rally. Algo-Driven Momentum: As other algorithmic traders detect the same signals, a self-reinforcing cycle of buying could propel the market higher. Risk Management: While the algo signals a strong rally, prudent risk management remains essential. Your algo likely incorporates stop-loss orders and position sizing to mitigate potential downside risks. The Power of Algorithmic Trading: Your algo's ability to process and analyze vast amounts of data in real-time provides a significant advantage in identifying market opportunities. This predicted March rally is a testament to the power of algorithmic trading in navigating the complexities of the modern market.