Nice inverse Head and Shoulders; good buy position still from the 3200 area. Expected to short buy back to 3700 then the point to break out above 4100 or drop drom that zone again. I am expecting a breakout bullish so Ethereum gets back on track ; once we get back to 4000 thats the part to break out and create new highs See you at over 5000 soon
This is what I'm seeing for BTCUSD. There is an undeniable bearish trend forming but for now we understand price should not correct below 80K. Today we can watch for a possible bullish continuation should price fall to the buy area at 95955.00 targeting 100k one last time. We can sell all our coins at 100K,lol
XAUUSD Possible Continuation Down today, Goodluck My Friend Disclaimer (Always Use STOP LOSS❗️) "Sharing a social trading opportunity. This is a personal opinion, not a recommendation or financial advice. Trade at your own risk.”
Ordinals is promising for this bull run with a key target at $300
Looking for buys as we come into Asian session. Looks like a Low for the week has been established and price is accepting making higher highs. Being patient and waiting for the killzones to get in. We could be looking at some nice moves coming up.
GitLab is demonstrating strong bullish momentum, with a gap forming around the $50.00 level. A breakout above the $73.60 daily resistance would confirm continued strength, positioning the stock to target the $78.42 resistance. This setup offers an excellent risk-to-reward ratio, with a stop-loss set at $50.86 to manage downside risk. As a leader in DevOps and software development solutions, GitLab is positioned to benefit from the increasing adoption of cloud-based collaborative tools. The company’s commitment to innovation, expanding customer base, and focus on driving operational efficiency enhance its long-term growth potential. For a deeper dive into this setup, check out my YouTube breakdown, where I cover the technical analysis and the fundamentals driving this trade idea. With its technical momentum and strong market fundamentals, GTLB presents an exciting opportunity for traders and investors aiming for $78.42. NASDAQ:GTLB https://www.tradingview.com/x/2MqZIeLF/
The structure on Tuesday in the S&P 500 daily chart is neutral going into Wednesday's CPI numbers. This creates a 50-50 type structure but I think the bias is for move to the upside.
On the daily chart FCEL price is resting on the bottom of a bullish FVG and on top of a supply zone in the bottom of an upward parallel channel, there is a chance there might be a price reversal due to price position in the parallel channel and in the FVG, but the trader must be cautious of consolidation and fake outs and bearish break outs. Turning our attention to the hourly, we see price in a descending triangle making lower lows and lower highs if we get a bullish break out or a break out that leads to a change of character/and BOS to an uptrend that may encourage the trader to go long however on the hourly if we get a breakout to the downside with a continuation of lower lows and lower highs that may encourage the trader to go short, as usual the trader must be wary of fake outs and consolidations on both timeframes. Please be so kind to review both charts for key levels.
?Tesla has been real good to us in our long term portfolio. ?Yes we took some profit in 2024 Q4 last year but hey we trade and invest for a living so we have to pay ourself sometimes. ✅️ Our higher time frame next major level remails at $722. Is TESLA creating a nice base for a new rally time will tell but current TIME and PRICE structure looks good. The low at 373 remains a key price level if this base is to materialise. WHILST 373 STAYS UNTOUCHED WE REMAIN ALERT FOR OUR BUY TRIGGER. ⭐️REMEMBER NO TRIGGER NO TRADE⭐️ ? FOLLOW SeekingPips NOW TO STAY IN THE LOOK ON OUR LATEST IDEAS?
Technical Analysis Overview: 1-Hour Chart: * Trend: SPY is trading in a descending wedge pattern, with resistance at $583 and support near $579. * Indicators: * MACD: Neutral with minimal momentum, indicating consolidation. * Stochastic RSI: Moderately overbought at 61, suggesting a potential pause or pullback. 30-Minute Chart: * Price Action: * SPY is consolidating near $582, with immediate resistance at $583. * Key support levels at $579 and $577 are holding steady. * Volume: Slightly declining, indicating market indecision near resistance. Key Levels to Watch: Support Levels: * $579: Immediate support zone, aligning with HVL. * $577: Secondary support, coinciding with the 2nd PUT Wall. * $575: Strong support near the 3rd PUT Wall. Resistance Levels: * $582: Immediate resistance zone, aligning with the 2nd CALL Wall. * $583: Key resistance level. * $584-$586: Major resistance zone with GEX walls. GEX Insights: https://www.tradingview.com/x/1AyFS2yC/ Key Gamma Levels: * Positive Gamma Walls (Resistance): * $582: Immediate resistance aligned with the highest positive NETGEX. * $583-$584: Key resistance zone with 21.23% GEX (2nd CALL Wall). * $586: Long-term resistance zone (18.39% GEX). * Negative Gamma Levels (Support): * $579: Strong support backed by HVL. * $577: Key PUT Wall support (-43.2% GEX). * $575: Significant PUT Wall support (-39.18% GEX). Options Metrics: * IVR: 29.6, indicating low implied volatility. * IVx: 19.8, reflecting subdued market expectations. * Call/Put Bias: PUTs dominate at 49.2%, suggesting cautious sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $583 with volume confirmation. * Target: $584-$586. * Stop-Loss: Below $579 to limit downside risk. Bearish Scenario: * Entry: Rejection at $583 or a breakdown below $579. * Target: $577-$575. * Stop-Loss: Above $584 to manage risk. Directional Bias: * SPY is consolidating near a critical resistance zone at $583. A breakout could lead to bullish momentum toward $584-$586, while failure to clear resistance may result in a pullback toward $579 or lower. Conclusion: SPY is at a pivotal level near $583. A breakout above this resistance could signal further bullish continuation, while a rejection might trigger consolidation or a pullback. Traders should closely monitor price action and volume for confirmation. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.