OANDA:GBPUSD is approaching a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of a bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.25770—a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Technical Summary: Elliott Wave Structure: The stock is currently in Wave 4 correction after completing Wave 3. A Wave 5 uptrend is expected once the correction is complete. Fibonacci Retracement: 0.5 level (~533.25) and 0.382 level (~605.00) are key retracement zones. The price is near the 514.65 support, a critical zone for a reversal. RSI Analysis: RSI is at 36.41, indicating oversold conditions. RSI moving average is at 47.50, suggesting weak momentum but potential for reversal. Support & Resistance Levels: Immediate Support: 514.65 Next Support: 347.30 and 227.38 (in case of further breakdown). Resistance Levels: 605.00 and previous high of 855.00. Suggestions & Possible Corrections: ✅ Bullish Case: If the price holds above 514.65, a potential Wave 5 rally could take the stock toward 800+ levels. ❌ Bearish Risk: If 514.65 breaks, the next strong support lies around 347.30. Final Recommendation: Monitor price action near 514.65; if it holds, a bullish move can be expected. Wait for RSI to cross 50 for confirmation of trend reversal. If price breaks below support, avoid long positions until a new base forms.
Excellent execution! Our 1:2 full take-profit target has been reached. Well done! Enjoy the profits and let's look forward to the next trading opportunity."
Near protocol, the price has been rising for 186 days and already 327 days in a sideways correction. The correction phase is in the form of ABC waves, but it is very tedious. If we consider the Elliott waves, there is nothing except the first and the current second, we can suggest the third one, but then we are waiting for a bull of incredible size. What at the moment gives us the idea to buy? - touching the support zone - RSI is almost oversold. - A future possible bullish MACD crossover. - ADX is about to show a trend, but the decline has already happened. What about the fundamentals ? Basically strong asset, in top 30. MС 4.44B, good volume and liquidity. It is clear that when the asset was 20$, tokens were 2 times less and capitalization was 12B, but 3 years passed and volumes increased everywhere, liquidity became more, cellular ETF and retail funds broke into our chat + in addition the US president launched his meme. So seeing a $15 price with MС 18B in the next quarter or two is not hard to see. If we talk about ATN update, it's a breakdown of MС 25B and a shift to about 9th place of the top, this is quite realistic, but still more likely there will be an extensive liquidity inflow into other projects as well. Consider your risks DYOR Translated with DeepL.com (free version)
Are you allocated into ADA? Why not? It just pumped almost 100% yesterday because of Trumos Twitter Tweet. Imagine what happens when the general public finds out this. Or will it never happen? Was this your last chance to get in cheap?? We just touched the 78.6 fib... Are we going up?
JD.com is scheduled to release its fourth-quarter and full-year 2024 financial results on March 6, 2025.Analysts are optimistic about the company's performance, with several key indicators pointing toward positive growth: Earnings Projections: Earnings Per Share (EPS): The consensus estimate for the upcoming quarter is $0.85, reflecting an increase from last year's $0.73 for the same period. Revenue Growth: Projections indicate a year-over-year revenue growth of approximately 6.61%, with expected revenues rising from $43.11 billion to $45.96 billion. Analyst Ratings: Strong Buy Recommendation: Based on evaluations from nine analysts, JD.com has received a consensus rating of "Strong Buy," underscoring confidence in the company's growth trajectory. Future Outlook: Earnings Growth: Forecasts suggest JD.com's earnings will grow by 13% per annum, with an anticipated EPS growth rate of 12.8% annually. Revenue Projections: The company's revenue is expected to increase by 5.6% per year, indicating sustained business expansion. These positive indicators reflect JD.com's robust market position and its potential for continued growth in the upcoming earnings release. Entry: 42.00 Target 70.00
This chart represents the weekly price action of Jindal Stainless Ltd. (NSE) with an Elliott Wave analysis and Fibonacci retracement levels. Here's a summary of the key observations: Technical Analysis Summary: Elliott Wave Structure: The stock appears to be in a corrective Wave 4 after completing an impulsive Wave 3. A potential Wave 5 uptrend is anticipated, as per the Elliott Wave structure. Fibonacci Retracement Levels: The price has retraced close to the 0.5 Fibonacci level (465.85), which is a strong support zone. The 0.382 level (553.40) is also a critical resistance, which the price is testing. RSI Analysis (Relative Strength Index): RSI is at 40.26, indicating that the stock is approaching the oversold region. The RSI moving average (44.12) is slightly above the RSI value, suggesting weak momentum. Support & Resistance: Support levels: ~465.85 and ~549.90. Resistance levels: Previous high near 848.00. Possible Future Movement: If Wave 4 completes, a bullish reversal for Wave 5 could take the stock higher. A further breakdown below 465.85 might invalidate the bullish scenario. Conclusion: The stock is in a correction phase, but signs of reversal are emerging. Watch for price action near the 549.90 support zone and RSI movement above 50 for confirmation of bullish momentum. If bullish Wave 5 starts, the stock may target new highs.
I did a video on DPZ and why I was bullish a few months ago but this video is regarding a more recent snipe trade - post earnings getting filled on shares at a level that I had sitting and waiting. That's the beauty of shares and algorithms! Within day 1 the position was up upwards of 5% because of the confidence we have in our algos! Happy trading :)
Have you noticed the uptick in interest in LTC lately? No? People are buying it up. See how it just touched the 0.702 again.. You cant make this shit up! Have you bought some LTC??
OANDA:EURUSD is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a supply zone, where sellers have stepped in, leading to notable price reversals. The current price action suggests a potential bearish reaction if the resistance holds. If sellers maintain control, we could see a decline toward the 1.03940 level, which represents a logical target based on the current market structure. Confirmation signals—such as a bearish engulfing candle, rejection wick, or increased selling volume—would strengthen the bearish outlook. However, if the price breaks above this resistance zone and sustains momentum, the bearish outlook may be invalidated, signaling a potential shift in favor of buyers. Monitoring how price reacts to this zone is crucial for identifying entry opportunities. As always, applying proper risk management is essential given the potential for volatility. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!