Good Evening and I hope you are well. comment: Very important day tomorrow. Bulls made a new high and higher lows. A breakout above would certainly open the path to the ath-retest 23000. Bulls have defended the bull trend line so far and if bears just step aside enough, we could print a big green day. Bears need lower lows below 22280 to keep this neutral and continue sideways. They would also then have a chance of breaking below the bull trend line and testing down to 22000. current market cycle: bull trend until trend line is broken (daily close below 22300) key levels: 22100 - 23000 bull case: Bulls give up above 22600 and we sold off on every touch since Thursday. If bulls want to retest 23000, they need to break strongly above 22600 and trap bears who are selling that price for 4 days now. The daily chart still looks bullish enough that bulls remain in control. We are above the daily ema, above the bull trend line and we still have a bullish gap from 22000 - 22300. Plan for tomorrow is to either get a strong breakout above 22600 to buy or look for longs around 22400 and continue with the higher lows. Invalidation is below 22300. bear case: Bears need lower lows again or bulls will become more aggressive for a ath retest. If 22600 continues as resistance we will likely go down to 22400 and there we will likely get a decision tomorrow. If we print higher lows again, the next touch of 22600 could get the breakout. Below 22400 the bull trend line could have become weak enough that we might do lower lows again and test down to 22200 or 22170 (last weeks low). Bearish plan is to wait and see if 22600 is still resistance and join the bears down to 22400 but keep a tight stop. I won’t bet on lower lows. Invalidation is above 22650. short term: Neutral. Clear plan given, mark the prices and set up alarms. medium-long term from 2024-02-16: As much as I would love to see this 30% lower, it’s not happening anytime soon. Market will probably has to move sideways for some weeks before this could go down. For now it’s still only up. 23000 likely next. current swing trade: None trade of the day: Selling 22600 was the trade that worked since Thursday. Buying the EU open was also decent since 22300 has been support since Globex open on Monday.
MKR/USDT BREAK 2.0 Data shows MKR show new upcoming volume
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After hitting an ATH NASDAQ:TSLA has lost the momentum. In this blog space we already propagated the idea that there is some more downside until the reaches the 200 Day SMA. We see that NASDAQ:TSLA stock has lost the 20 Day, 50 Day and 100 Day SMA and the next stops are the 200-Day @ 276 $. But if we look at the Fib Retracement then the levels @ 0.618 with price 273 $ and the Fib level @ 0.786 with a price 215 $ are the key support level. If it reverts back to the 0.786 Fib level then it will loose all its election related gains. But in contrast S&P 500 and NASADAQ100 are consolidating and not breaking down as $TSLY. So, we might see NASDAQ:TSLA underperforming the NASDAQ:QQQ over the next few weeks. Long AMEX:TSLY between 250 $ and 200 $.
I've been closely monitoring this stock for the past week, waiting for it to hit the 270 level. With earnings coming up (or just passing), the stock has now broken above that 270 price point. This presents a great opportunity to enter a position, and I’m looking at puts as my primary strategy. Here’s the reasoning: I believe institutions are heavily positioned around this 270 level, and they’ll likely start unloading shares to retail traders. Retail traders tend to buy into the earnings hype, assuming the positive news will lead to further gains. This creates a classic trap that will likely reverse once those institutional sellers start exiting their positions. For me, the earnings news doesn’t matter much. I’m focused purely on price action and the data it provides. I’ve been waiting for this exact scenario, and the earnings report has now pushed the stock to the level I’ve been targeting. I believe the current price point won’t hold, so I'm positioning myself with puts, expecting a pullback in the near future. I’ve been tracking this play for a while, and I’m confident in this move. It’s all about capitalizing on the market’s reaction rather than getting caught up in the earnings narrative. If you’ve been following my other trade ideas, you’ll see that my approach has been quite effective in navigating the market. Let’s see how this one plays out! Remember to always trade your plan, and good luck to everyone in the markets!
COWUSDT(CoWProtocol) Daily timeframe range. while many alts today creating new low. it held its local low and had a retrace. 0.4625 is recent resistance confirm close above can push it further. market is unstable but better if it stay above 0.3120.
I think price is going for those liquidity above. Anyway,let's see what price has in store for us
Timeframe: 4H Chart Technical Analysis: Falling Channel Breakout Setup : The stock has been trading inside a downward-sloping channel. A breakout from this channel could lead to a strong upward move. Key Levels: Entry Zone: Around ₹1,540 - ₹1,560 (Breakout confirmation above resistance). Stop Loss (SL): Below ₹1,468 (Last swing low). Target Levels (T1, T2, T3): T1: ₹1,680 (First resistance zone). T2: ₹1,760 (Major resistance). T3: ₹1,920 (Previous high zone). RSI Indicator: The RSI is recovering from the oversold region, indicating bullish momentum. Volume Analysis: Volume is increasing, which supports the possibility of a breakout. This setup presents a bullish breakout trade from a falling channel with potential upside targets of ₹1,680, ₹1,760, and ₹1,920. A stop-loss below ₹1,468 is recommended to manage risk.
Short to Medium Term ULTIMATE TARGETS CAN BE 25 - 26 & Then 40 -45 Best Buying Price would be around 11 - 12 (if it comes).
Per previously published idea -- https://www.tradingview.com/chart/BTCUSD/LVSyo2EW-Bitcoin-If-history-Repeats/ --bitcoin is returning to parabolic curve line between now and late March. Today's move lower was in general expected... It is possible "gold" guide line may need to be adjusted to show it returning to parabolic "blue" line earlier than anticipated (mid-March).