We have a nice sideways channel as the main pattern and a downward channel that is now being broke out of. There is momentum moving to the upside in slightly over sold conditions. I am thinking over the following days to weeks, we could see 108k. NFA , DYOR.
Salesforce is now moving on an upwards trendline parallel to a previous one. At the same time, the trend is Bearish, which makes room for a Triangle formation. Overall, it looks Bullish on the short-term, while keeping an eye on which side of the triangle it will break out. By instinct, I would say upwards, but let's wait to have data before taking a decision.
Unless something significant transpires (earnings, news, etc), NASDAQ:RCAT has formed a solid head and shoulders formation after a fairly lengthy run up. Volume is decreasing. RSI is decreasing. There's nothing bullish in this chart. Support appears to be around $4.
Well yeah if they dont get overwhelmed by BTC, have potential, Looks like a parabolic curve on the move!!! EVen if existing OB is there on the orange line marked small, there it can also move. So in accordance, 0.42 - 0.45 and then 0.55
BYBIT:SOLUSDT has an emerging H&S structure that is providing opportunities described below, which can be utilised based on risk appetite and preference for a swing trade or investment. Note: The overall chart structure at the moment is highly complex and pattern failure risks, such as that experienced with BYBIT:XRPUSDT https://www.tradingview.com/chart/XRPUSDT/arKP6TFK-XRP-pattern-failure-leading-to-high-risk-opportunities/ remains very high. Scenario An H&S structure has emerged since 23 Dec 2024. Neckline support has been confirmed 3 times around: 11 Jan, 07 Feb and 12 Feb. The price is still close to the neckline providing opportunity for entry into trades and/or investment. DCA entry into a longer term investment - recommended approach Allocate a percentage of your portfolio's available fund to this as an asset to hold, decide upon how many months or weeks you would like to DCA into the total position (I recommend no less that 3 months and no more than 6) and begin DCA. This approach will safeguard against mistiming the start of the DCA now before the beginning of a bearish cycle, finally ending at an as yet unknown lower support level (of 4 potential candidate price levels stated further down the text below). The case for beginning the investment approach now The project remains solid and has established itself as a competitor to ETH. Furthermore, it is the layer 1 of choice for memecoins and has had more new projects use it that ETH recently. Additionally, overall positive market sentiment remains as do utterance (although no formal new policies of note) of the Trump administration and financial institutions towards crypto. Finally, the large gyrations in price recently are making it more difficult to judge appropriate SL levels thereby making trading of any kind less attractive at the moment. The case against beginning the investment approach now The future of the project, like most projects is still unknown (crypto is the most volatile and riskiest of assets for a reason!). Although the industry is maturing, it is possible a newer project can come and usurp the place of SOL. There are further support levels (130, 90, 55, 20) that can provide better DCA entry levels, and as market sentiment can change on an utterance of Musk or Trump, patience for a better entry point caused by further bearish moves might be wiser, particularly as on the weekly chart, SOL appears to be printing it's 2nd consecutive doji - implying market indecisiveness and no clear indication that the bulls are about to become incharge again. SOL has also double topped (mid Nov 24 and mid Jan 25), near the ATH (250), indicating either upcoming bearish sentiment or another uncertain attempt at breaking the ATH. Swing trade Entry: 200 TP:280 - near the absolute top of the head SL: 160 - past the dragonfly candle of 13 Jan (this candle has the risk of indicating a new support leval and all traders must be wary of the 160-150 level as that was the support level in mid Oct 24 Additionally, 170 is also near the 200 EMA and crypto daily price gyrations are sometimes very large; therefore a daily low of a dragonfly and a EMA has the potential of being a support level that should be accounted for when setting a SL ) R/R: 1:2 The case for the swing trade The rate of change indicated is trending upwards. The neckline has proven to be a support level and has been validated 3 times. The against a swing trade Other technical indicators like the RSI (middling with little upwards trend) and MACD (likewise) do not provide strong positive support for the trade thesis. Having found support at the 200 EMA and broken out of the downward trend since 20 Jan, there is a possibility that the price will just range between the 50 EMA and 200 EMA (approx. 210 and 180) unless there is further external, fundamental cause for upwards momentum. Previous momentum was driven largely by the optimistic market sentiment for crypto following on from Trump's election win. Finally, a R:R of 1:2 is generally not considered worthy of such a speculative trade. Note: There is very little justification for a margin trade at the moment - the dragonfly candle on 03 Feb carries too much risk and invalidates a margin trade theses' risk/reward ratios. Margin trading this pair is best left to when a pattern emerges that is not part of a structure that includes the 03 Feb candlestick.
BTC Buy zone around $96700 for a max probability to break upward use stoploss breaking green zone. NO Leverage trade
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NASDAQ:SOUN tanked today because Nvidia disclosed that they were no longer invested, and NASDAQ:APLD is rocketing higher for the exact opposite reason. Nvidia is still invested in Applied Digital, and in my view, that's VERY bullish. The stars are finally aligning again for $APLD! ⭐️⭐️⭐️ And now, we've got the bullish technicals to match the bullish fundamentals! NASDAQ:SOUN has broken above that line of conservative medium term resistance which is good, but what really excites me about today's pop is the fact that we've successfully reclaimed this long term ascending channel.??? I think we'll be seeing double-digits in the very near-future, and it felt incredibly good to scoop up 100 fresh call options to ride the (potential) gains with! ???
Gold operation strategy reference next Monday: Empty single strategy: Strategy 1: gold rebound around 2890-2893 in batches of short (buy down) two-tenths position, stop loss 6 points, the target around 2870-2865, break to see 2835 line; Multi-single strategy: Strategy 2: gold correction around 2835-2838 in batches to do long (buy up) two-tenfold position, stop loss 6 points, the target around 2850-2860, break to see 2865 line;
Was just having a little fun before bed and brainstorming on the NASDAQ:META chart. Our darling as of late. I love trying to find similarities and patterns between macro swings and cycles. Human psychology and business cycles have a way of repeating themselves pretty often. As they say, history doesn't repeat, but it rhymes. This recent melt up reminds a lot of the price action NASDAQ:META saw in 2021-2022. RSI overbought both times, currently approaching the 2.618 fib when connecting them to major high and low points. Decreasing volume on the moves up. There's a lot of other data to support a bear market may be on the horizon: Weak housing data/stocks (I do see some outlier stocks in the housing sector). The yield curve un-inversion which typically precedes major bear markets 6-12 months after un-inversion. The dollar seems to want to keep going higher. However it has shown a lot of weakness here lately which could help fuel the rest of the bull market. The unwinding of the Japanese Yen carry trade has seemed to play a big factor in U.S equities as of late. Every time the BOJ hikes interest rates, a lot of U.S. equities see pretty sizable bearish volatility shortly after. Being the darling that NASDAQ:META has become, once this trend line breaks it will be a signal that everyone should be taking note of in my opinion. I think the risk of a bear market increases dramatically. Maybe we get a shallow or 2022 style bear market next year and continue to make one last lag into new highs in 2027. Here are some ideas that could support that theory: China seems to be coming out of a depression-style bear market and is beginning to inject liquidity into their economy. This could help give U.S. equities a little more juice to run higher for longer chips could make a major comeback and fuel SPY/QQQ higher for longer. Names like Google, Tesla and Amazon can continue to show strength and we could see a rotation into them. Maybe we get some more significant quantum breakthroughs with the help of AI. These are things to keep in mind, but I think the probabilities of this this bull market we've enjoyed since 2008 is A LOT closer to the end than the beginning. I base most of my sentiment off the 18.6 year real estate/land cycle theory that I have been following since 2022. I also give a lot of credibility to U.S. yield curve un-inversions sending shockwaves through the global economic system. What do you guys and gals think?