Dogwifhat (WIF) has jumped over 14% in just 4 hours, reaching $1.34 by 12 p.m. EST, as investor interest in this Solana-based meme coin picks up. However, despite this rapid surge, WIF is still battling broader market struggles, having dropped over 7% in the past week and more than 30% in the last month. According to GeckoTerminal, WIF recently broke through its $1.2451 support level, signaling renewed buying momentum. If it successfully pushes past $1.40, it could trigger a fresh buying wave, potentially sending the price toward $1.7045 and even $2.1221. However, indicators are painting a mixed picture. While the EMA trend suggests downward movement, the MACD shows signs of buyers stepping in. The MACD lines are inching closer, meaning the next few hours could determine whether WIF sustains its gains or reverses course. For now, WIF traders are eyeing the $1.40 breakout. If momentum holds, this meme coin could see another leg up. But if resistance remains strong, further consolidation may be in store.
Technical Analysis of XAU/USD (Gold to USD) - 4H Timeframe 1. Overall Market Trend The market is in a clear uptrend, consistently forming higher highs (HH) and higher lows (HL). Multiple Break of Structure (BOS) events indicate the continuation of bullish momentum. 2. Key Zones on the Chart Support Zones (Floors): Important support levels are marked in purple and yellow, where price has previously reacted. Resistance Zones: The $2,766 - $2,780 area is a significant order block (OB H4), currently acting as a resistance. H4 Structural Support: A green zone represents a key support structure. 3. Possible Price Movements Bullish Scenario (Upward Move) ✅ If the price breaks above the $2,766 - $2,780 resistance, it may continue rallying towards $2,802 and beyond. Bearish Scenario (Downward Correction) ⚠ If the price fails to break resistance and gets rejected, a pullback to the H4 structural support (around $2,740 - $2,745) is likely. ? Further weakness below this level could push the price down to $2,700 and $2,696. Conclusion ? A breakout above resistance signals a continuation of the uptrend. ? Failure to break resistance may lead to a pullback towards support levels. ? It's recommended to wait for a clear breakout or confirmation of rejection before making a trading decision.
107.9 close below is what would trigger some shorts still bearish on this bubba and recon LH made a few days before close above then we might as well head for 119 for now leaning towards a sweep of liquidity above then we start the descend 7hrs approx to go for fun
Analysis of ethusdt on the hourly time frame. It is currently within a horizontal path, and it has two scenarios: the first is buy, which is the strongest, and the second is sell.
? Rip or Dip? SPX at a Crossroads! ??| SPX Market Analysis 29 Jan 2025 SPX is at an inflection point. Will it rip higher or take a dive? We’ve just rolled into the notorious Feb/Mar correction season, and I can’t help but notice a Bollinger Band W-Bottom potentially setting up on the daily chart. We saw something eerily similar on the 30-min chart back around the 12th of Jan, which played out beautifully. Could we see a repeat – but on a larger scale? Let’s break it down. SPX Deeper Dive Analysis: ? The SPX Setup: What’s Next? ? Correction Season – Historically, Feb/Mar tends to see some turbulence, making this a crucial time to assess the market’s next big move. What is the next seasonal correction window? Sep/Oct – but let’s deal with one at a time! ? Bollinger Band W-Bottom – A potential W-bottom is forming, which, if it is confirmed, could see price hug the upper Bollinger band in a rip ‘n ride scenario. ? Tag ‘n Turn Says Bullish! – The SPX Income System has done its job. We’ve profited off Monday’s gap down and bear swing, but now the setup suggests a possible bull swing unfolding. ? What About 30-Min Charts? – If you check the 12th Jan move, we saw a similar Bollinger Band structure play out on the smaller time frame, leading to a solid push higher. Déjà vu on the daily charts? ? The Plan Moving Forward ☑ Monitor bullish follow-through – If SPX holds momentum, we could see a breakout and run higher. ☑ Watch for confirmation – A failed breakout or exhaustion candle could hint at a February dip instead of a rip. ☑ Trade the setups, not the emotions – Following the Tag ‘n Turn system keeps us on the right side of the market, bull or bear. Fun Fact: ? Did you know the 1987 stock market crash happened on a Monday? Dubbed Black Monday, the Dow dropped 22.6% in a single day, making it the worst one-day percentage decline in history. The cause? A mix of programmatic trading, high valuations, and market panic. ? The eerie part? The market recovered all losses within two years, proving once again that panic selling rarely pays off!
United States Department of Agriculture (USDA) has also highlighted a significant development in rice production. The U.S. achieved record-high yields for rice, with substantial implications for both domestic and global markets. Lets take a closer look at these record-breaking yields, their impact on supply dynamics, and how changes in demand from key importers like China and Bangladesh are shaping the future of the rice market. Record High Yields and Increased Production According to the WASDE report, the all-rice average yield for the U.S. reached an unprecedented 7,748 pounds per acre, up from 7,641 pounds per acre in the previous year. This increase is largely attributed to a remarkable long-grain yield, which significantly surpassed earlier expectations. Total U.S. rice production was estimated at 222.1 million cwt (hundredweight), marking a notable rise from the prior estimate of 219.8 million cwt. The report also provides a breakdown by state, indicating that Texas and Missouri saw some of the most significant increases in production. These higher yields have not only bolstered national production figures but also contributed to a more robust domestic supply chain. The U.S. now projects total rice supplies at 308.5 million cwt, reflecting increased production, imports, and beginning stocks. Domestic Use and Export Trends With this surge in production, domestic use of rice has also seen a boost. The USDA's estimates suggest that domestic and residual use of rice has increased by 6 million cwt to reach 165 million cwt. However, exports remain unchanged at 100 million cwt, reflecting stability despite the higher production levels. Despite the unchanged export numbers, it is crucial to consider the distribution of rice types. Long-grain rice prices have experienced slight downward pressure due to increased availability, dropping $0.20 per cwt to $14.30. Conversely, medium- and short-grain rice prices have risen $0.30 per cwt to $14.80, influenced by tighter supplies and strong demand. Global Implications The U.S. plays a pivotal role in the global rice trade, and these record yields are likely to have far-reaching effects. While global rice consumption has decreased marginally by 0.1 million tons to 530.2 million tons, the U.S.'s contribution to global supply remains significant. Key rice exporters such as India, Thailand, and Vietnam may face competition from the U.S., potentially influencing global prices and trade patterns. China and Bangladesh, two major importers of rice, have shown signs of adjusting their procurement strategies. China's reduced production estimate has led to a slight uptick in its reliance on imports, while Bangladesh's lower consumption forecasts could ease demand pressures. These shifts highlight the dynamic nature of the global rice market and underscore the importance of adaptability among producers and traders. Price Dynamics and Market Outlook The price trends for different rice varieties provide valuable insights into market conditions. For instance, the all-rice season-average farm price remained stable at $15.60 per cwt. This stability masks underlying movements within specific categories, where long-grain prices have dipped slightly while medium- and short-grain prices have risen. Investors and traders should monitor these price fluctuations closely, as they can signal broader market trends. The milling industry is also witnessing changes, with an increased emphasis on efficiency and quality. The average milling yield stands at 70%, underscoring the need for continuous improvement in processing techniques. Conclusion The record rice yields in the U.S. represent a milestone in agricultural productivity, offering a buffer against global supply uncertainties. As we move forward, the focus must remain on sustaining these high yields through advanced farming practices and technology. Investors in the agricultural sector should pay close attention to these developments, as they hold the potential to reshape market dynamics and influence investment strategies. By leveraging the data from the WASDE report, stakeholders can better anticipate market movements and make informed decisions. The interplay between domestic production, international trade, and consumer demand presents a complex, yet fascinating landscape for those, who engaged in the rice market. Understanding these nuances is essential for navigating the evolving agricultural economy successfully. For detailed tables and further insights, readers are encouraged to visit the USDA’s official website or access the comprehensive database available online. With continued monitoring and analysis, the rice market promises both challenges and opportunities in the coming years. CBOT:ZR1!
https://www.tradingview.com/x/3e2jLZvq/ My dear subscribers, This is my opinion on the AUDCHF next move: The instrument tests an important psychological level 0.5639 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.5664 My Stop Loss - 0.5625 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
I will buy gold above the mentionned level (see the chart). And I will maintain that trade for the rest of the day.
The pair had a good bullish run on daily time frame. It us retracing trendline resistance, as expected. On 1H chart it has shown the bullish divergence on RSI and price is in between 0.38 & 0.5 Fib. level which creates a bullish bias. If price closes above the last High we may initiate a long position. Potential TPs have been marked on the chart. What is your opinion.
https://www.tradingview.com/x/yakf3J8v/ GBPAUD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GBPAUD Entry - 1.9951 Sl - 2.0058 Tp - 1.9766 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️