Before March 3rd there will be an ADA convergence pop up or down. 37% down to volume gap or a retest of previous high for a 37% gain. I'm inclined to lean to the bullish side given the recent roadmap milestone. The Cardano blockchain is transitioning to a decentralized form of governance today through the activation of the Plomin hard fork. The hard fork will go live at around 9:45 PM GMT on January 29, 2025. Following the hard fork, delegated representatives (DReps) will be able to vote on Cardano governance actions using their own ADA, as well as ADA tokens delegated to them by individual holders. Earlier today, Cardano founder Charles Hoskinson shared the 2025 roadmap published by Input | Output (IO), the company leading the technical development of the Cardano blockchain protocol. The roadmap outlines IO’s key goals for 2025 based on three main areas of focus: 1) Scalability 2) Usability and utility 3) Interoperability and extensibility Some of the most exciting initiatives included in IO’s 2025 roadmap include the privacy-focused Midnight partner chain, advancements in smart contract development tools, the Ouroboros Leios consensus protocol and the Hydra layer 2 scalability solution.
You know patience? after patience comes holding ethereum lol. Aint seeing going 4300 now but yeah need two more such instances where it gets a rejction from PoC. I know i have drew snakes, but you know these show directions!
Technical Analysis (TA): * Price Action: COIN is currently in a consolidation phase, attempting to break above key resistance levels. It has formed a narrowing wedge, indicating potential volatility in the near term. * Support Levels: * $278.00 (strong horizontal support zone). * $240.00 (next major support in case of a breakdown). * Resistance Levels: * $300.00 (psychological and technical resistance). * $320.00 (highest positive gamma wall and key breakout target). * Indicators: * MACD: Currently neutral with a slight bullish crossover, suggesting potential upward momentum. * Stochastic RSI: Overbought but maintaining strength, indicating buying pressure. Options Gamma Exposure (GEX): https://www.tradingview.com/x/onVn7PtK/ * Key Levels: * $320.00: Highest positive gamma wall and key resistance zone. * $300.00: Second call wall, indicating heavy call option activity. * $240.00: Significant PUT support, signaling a floor for bearish activity. * GEX Sentiment: Overall leaning bullish, with significant call dominance at higher levels. Trading Plan: 1. For Swing Trades: * Bullish Setup: * Entry: Above $292.00 (confirmation of breakout). * Target: $310.00, then $320.00 for extended gains. * Stop-Loss: Below $278.00 to manage risk. * Bearish Setup: * Entry: Below $275.00 (breakdown confirmation). * Target: $265.00, then $240.00 if weakness persists. * Stop-Loss: Above $280.00. 2. For Options Trading: * Call Options: Consider March expiry $300 calls if price sustains above $292 with strong volume. * Put Options: Hedge with $260 puts for March expiry if the price breaks below $275. Thoughts on Direction: * COIN is poised for a breakout above $300, with bullish sentiment dominating due to high call activity. However, traders should watch for rejection at key resistance zones, particularly at $320. Any significant premarket movements could alter this outlook. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly. If you have questions or need updates during premarket or market hours, feel free to PM me.
FWB:ACH is testing the red resistance zone. ? Targets if breakout occurs: 1️⃣ First Target: Green line level 2️⃣ Second Target: Blue line level
Technical Analysis (TA) and Price Action: Costco (COST) is currently trading near the critical resistance level of $968, consolidating after a steady upward move. The price action reflects a bullish ascending wedge on the 1-hour chart, with consistent higher highs and higher lows. * Momentum Indicators: * MACD: Above the signal line, confirming upward momentum. * Stochastic RSI: Overbought, signaling a potential cooldown or short-term consolidation. * Volume: Volume is gradually increasing, supporting a bullish breakout scenario. If COST breaks $968, the next major resistance levels are at $980 and $1,000, aligning with Gamma Call Walls. However, a failure to break $968 could lead to a pullback toward $947 or $940, providing potential entry zones for long positions. https://www.tradingview.com/x/COiEQxDl/ Key Levels to Watch: * Resistance: * $968 (Breakout Level, Call Wall). * $980 (Gamma Call Resistance). * $1,000 (Psychological Resistance). * Support: * $947 (VWAP and first pullback zone). * $940 (Gamma Put Support). * $927 (Critical Support Zone). Trading Plan: Bullish Scenario: 1. Entry: Above $968 breakout confirmation. 2. Target: $980 (first target) and $1,000 (extended target). 3. Stop Loss: $947 (to protect downside risk). 4. Note: Look for volume confirmation and MACD alignment above zero. Bearish Scenario: 1. Entry: Below $940 breakdown confirmation. 2. Target: $927 (first target) and $920 (extended target). 3. Stop Loss: $950 (to avoid whipsaw). Options Trading Suggestions: Bullish Option Setup: * Call Option: * Strike: $980. * Expiration: 1-2 weeks out. * Target Premium Gain: 50%-100%. * Entry: After breakout above $968 with strong volume confirmation. Bearish Option Setup: * Put Option: * Strike: $940. * Expiration: 1-2 weeks out. * Target Premium Gain: 50%-100%. * Entry: On rejection of $968 or breakdown below $940. Thoughts on Direction: Costco is showing bullish momentum, and a breakout above $968 could ignite a strong rally toward $980 and beyond, driven by bullish Gamma flows and volume. However, failure to sustain above $968 may lead to a pullback, providing a better risk-reward entry point around $947-$940. The overall direction remains bullish as long as the price holds above $940. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Market conditions can change rapidly, especially during premarket or at market open. Be prepared to adjust your strategy accordingly. If you have any questions or need updates, feel free to PM me.
Well, well well, look at the lines and then follow, who knows, breaking 105k with vol may and can, BUT is it today? ? hehehehehe
It is very clear.. we had 3 weeks of uptrend. Currently at week HIGH. Can we assume down from here?? NO It is STILL uptrend Can we assume higher from here? NO It is at weekly resistance.(to the left) What I will do.. I will wait the daily I will set a trigger.. support/resis broken on either side. The reading of finance/bloom/investing will give some edge of sentiment. I'm have bias on upside. I'm no guru
XAUUSD (H4) GOLD EYEING ON $2730 GOOD SELLING OPPERTUNITY According My Personal Analysis xauusd Move Around These Areas Chart Price Currect 2762 selling areas I Can Expect If Price Break Its Resistance $2771 It Can Further Fly To $2800 key areas Currect Price 2762 Target 2745 Target 2730 Resistance Zone 2762 to 2766 Demand Zone 2780 Traders Must Share Your Feedback in Comments Thanks
NASDAQ:ACT is getting rejected from the red resistance zone. ? Options to consider: 1️⃣ Option 1: If the price breaks out of the red resistance zone, the targets are: First Target: Green line level Second Target: Blue line level 2️⃣ Option 2: If the price pulls back to the green support level, it could present a potential long entry.
Easy short, great R/R. Also serves as a hedge against my longs.