SpaceX’s Starship spiraled out of control while in space during a test flight on Thursday, marking the second launch in a row that the vehicle has run into a fatal problem on its way to orbit. The company launched Starship using its Super Heavy booster and things looked normal for the first eight minutes of the […] © 2024 TechCrunch. All rights reserved. For personal use only.
1-hour NIFTY 50 Index , Key Observations: • Rounded Bottom Formation: A curved price movement suggests a short-term recovery from a downtrend. • Entry Zone: A pink-colored area near 22,552 – 22,735, indicating a potential sell zone where price may face resistance. • Bearish Projection: The orange-shaded area with zigzag arrows suggests an expected price decline after testing the entry zone. • Target Levels: The bearish move is projected towards 21,923, indicating a short trade setup. The setup suggests a possible rejection from the entry zone, leading to a continuation of the larger downtrend. Traders may wait for confirmation before entering short positions.
You can see it all in the chart. Gotta fill the gap, but we're on trend.
? **XRPUSD – Smart Money Concept (CHOCH & Supply/Demand) ? ? Timeframe: 4H | ? Exchange: Binance** ? Concepts Used: CHOCH (Change of Character), Supply & Demand, Market Structure ? Market Analysis: XRPUSD recently showed a strong bullish reversal after tapping into a 4H Demand Zone, leading to a rally toward the Daily High (D HH) level. The CHOCH (Change of Character) confirms a potential shift in market structure from bearish to bullish. ? Key Levels to Watch: ✅ Demand Zone: $1.9580 - $2.3683 (Strong Buy Zone) ✅ Supply Zone: $2.7299 - $3.0029 (Potential Rejection Area) ✅ Next Resistance: $3.2038 (Higher Timeframe Key Level) ? Trade Plan & Strategy: ? If price retraces back to the demand zone, we may see a bullish continuation targeting $2.7299 - $3.0029 supply zone. ? If price enters the supply zone, watch for bearish rejection and potential short setups. ? Confirmation via candlestick patterns (e.g., engulfing, rejections) can strengthen bias. ? Market Sentiment: ? Bullish above $2.3683, targeting $3.0029 ? Bearish if price rejects $3.0029 and forms a CHOCH to the downside ⚠️ Disclaimer: ? This is not financial advice. I’m not a financial advisor. Do your own research before making any trading decisions. Trade responsibly! ? ? What’s Next? ? What do you think? Will XRP break $3.20? Comment below! ? ? LIKE & FOLLOW for more Smart Money insights & trade setups! ? #XRPUSD #Crypto #SmartMoney #SupplyAndDemand #CHOCH #PriceAction #TradingView #Forex #CryptoTrading #Liquidity #BreakOfStructure #TradingStrategy
1-hour EUR/USD (Euro to US Dollar), Key Observations: • Entry Zone: A pink-colored area near the bottom, indicating a potential buy entry region. • Bullish Projection: Two zigzag arrows pointing upwards, suggesting an expected bullish move after price interacts with the entry zone. • Current Price Action: Price is testing the entry zone, indicating a possible bounce or accumulation phase before moving higher. • Target Levels: The price is projected to rise towards 1.0900+, indicating a long trade setup. The setup suggests a bullish breakout expectation, assuming price respects the entry zone as support.
In my last analysis, I used the 15min chart to analyze price patterns and was lucky enough to be right and price ended up reaching the PT target that I had estimated for the end of wave 2. HOWEVER, looking at the charts now in the 1hour timeframe, the pattern price is making is giving the impression that i was actually incorrect in my last analysis. As a recap, I do believe that this retracement that happened is the last 2-3 months are near its end and that this pump from Sunday was the signal for the beginning of a new pump cycle (Wave 1). This is my current thesis on where price my end this Wave 2 of this next bull cycle: I expect price to have another pump towards .95 but will follow with a rejection towards .76 and eventually .70. A possible invalidation will be if price breaks above 1.033 and holds. Remembering that a retrace to 78.6% usually indicates that Wave 3 will be powerful. *This is not financial advice. This is my attempt of practicing and learning about Elliot Waves. Please let me know how I can improve*
Noticed the support zone have a range roughly 0.10c has a slow and steady W up trend. New to TA. It looks like its trapped between new resistance once broken previous resistance the new resistance is roughly 0.50c past the 0.10c range. Don't buy when breaking/being stopped by new resistance you should be able to wait a 0.10c window opportunity which will keep you in a good position with low capital and medium leverage. It should blow past 3$ and meet resistance at 3.45$. Prior to the pump in November it was forming a 5 Top wave pattern testing the 3$ it looks at it has / still is forming a 4-6 wave top on the smaller time frames as its pushing through resistance. Aimed for beginners.
Reversal up to 50%, depending on resistance levels and divergence
1-hour GBP/USD (British Pound to US Dollar) , Key Observations: • Entry Zone: A pink-colored area at the bottom, suggesting a potential buying opportunity. • Bullish Projection: Two possible upward price movements are illustrated with zigzag arrows, indicating an expected bullish trend. • Price is currently consolidating near the entry zone, which might act as a strong support level. • The projected targets seem to be around 1.3000+, indicating a long trade setup. This setup suggests a bullish breakout expectation after price interacts with the entry zone, potentially leading to higher highs.
Alternative and more likely scenario to previous ES/SPY bottoming ideas: #1 ES/SPY has been traveling in downward channel. Seems as if it has made 3 - 4 top of channel/bottom of channel trips and potentially may be missing completion of this last rotation down, which ignites the move up or may exit the channel with sideways move which would provide idea number #2 ES/SPY will continue to test the 200 MA breaking above and below it. (Potentially one of the candles may make a big move down and bough up providing a big flush/shake out and subsequent large wick. Possibly not required). Eventually forming a multiple daily candle bottom. Likely 2-3 more candles before starting its ascent higher. Personally I'm already long with small (red!) positions with ES micro mini, SPY and NVIDIA calls. More pain and waiting likely ahead and ready to make small additions waiting for the strong move up. Risk management required. As with every chart analysis viewing all possibilities - I could see potential additional 100 - 130 point drop