USDCAD looks to be setting up for a nice short, its not quite ready yet and needs to break this small consolidation range and then fail at around 1.46 which has a major resistance zone. The idea has a number of confluence points with the DXY looking top heavy and too coinciding movement hitting a major resistance above 110 at 113. NFP news was good for the dollar which we saw it pump. More fundamentals in the near future will determine the WHEN for this move to start. Technically we are poised for the reversal with a target of 1.39, a support area and 0.618 fib zone. Currently we are trading at the high end of the trend with the RSI stating overbought territory. This may not play out next week and may take another couple of weeks. Forth coming events are USD - inflation rate data and CPI. Do you own analysis and please let me know your thoughts.
Eye-pleasing drawings often bring money, so I'll start buy now with a target of $8-$9 ??? and leave a budget for buying $4-$4.5
It has been quite some time since I have posted something on here. I have learned a lot from the community here as well as years of being in the trenches failing over and over again. When I finally broke even, I stopped posting and I just continued trading. This was a poor decision because I have abandoned the very community that has helped me develop my education and mentored me. I have been spending time on making some videos that explain the process I went through to become a profitable trader. I will also be posting on here more often to articulate what decisions help me develop a bias and some examples of the trades I execute. As for this post, I have developed a bias that we will soon close above the price marked on the chart with a horizontal line. Why? Because we are in a range bound environment or what some may call "accumulation". From the Macro point of View, we are currently in an uptrend. Which is why believe when wee do break out of this range, it will be towards the upside. Remember, it of course can go the other way, and we are all wrong at some point. Enjoy being wrong as much as you are right. The only stress is the stress you put on yourself. Try not to seek perfection in this game. Just use good common sense and make clear and fair judgement. This is the end of my rant. More to come soon. -The Butcher
I predict the price to range within this flag until we hit the vertical line, January 20th. One would presume a big move on this day, as Trump will be inaugurated. It's possible we continue to range within the flag afterwards, but I think a big move will happen on or very near January 20th. Cardano (like almost all crypto) is heavily pegged to the price of Bitcoin and almost always moves in the same direction. However, it looks like Cardano is attempting to de-couple from BTC with some success. The more this continues, the more likely we are to see large bullish moves in the price. If $1.20 breaks with high volume, expect a big move up to at least $1.50. Not trading advice. I'm a noob, first idea.
AUDUSD is near a strong support area, but is risky to buy here, we must wait a break for upside of 0.62465 level with 4h candle closed above, to go long with target at 0.65386
? Potential Price Targets: ? Near-term Goal: $0.00017558 (1–2 months) ? Long-term Goal: $0.00014104 (3–5 months) ? Pepe’s Strategy: ? Short: Below $0.00017558, targeting $0.00014104 (weakening momentum suggests potential downside) ? Long: Above $0.00018452, aiming for $0.00021846 (requires strong bullish reversal) ? Pepe’s Commands: ? Resistance: $0.00021846 — A strong level, price must break above to signal bullish momentum. ? Support: $0.00014104 — Critical support level, breakdown below this could trigger further declines. The price is showing signs of weakening momentum, and the MACD is in a bearish setup. If it breaks below $0.00017558, expect a decline toward the next support at $0.00014104. A bullish reversal requires price action above $0.00018452 with strong volume and momentum. ? "In a bearish trend, precision is key—don’t hesitate to act when clarity is in sight." — FinCaesar
Indecisive on this ticker. I like what Zuck is trying to do. This chart looks pretty nice. I’m seeing upside into the earnings and maybe this earnings NASDAQ:META will go up $50+ (hopeium). Let me know what you guys think. I want to see 700’s and honestly it could be insane, yet not so insane in this current market, to try and hit 800. Look at other tickers, NASDAQ:CRWD lost $200 in what a month? Then regained $200 or so in 2-3 months? NASDAQ:NVDA speaks for itself, NASDAQ:MSTR , these large MC names can do wild things. Wallstreet
As we move further into 2025, the S&P 500 continues to show signs of weakness, intensifying the bearish outlook from my last post. The Rising Channel breakdown and Head and Shoulders (H&S) pattern remain dominant, with the price now trading firmly below the 50 EMA. Attempts to reclaim the Rising Channel have failed, confirming that the long-term bullish structure is no longer in play. The neckline of the H&S pattern, previously broken, has become a strong resistance zone, reinforcing the bearish momentum. The 50 EMA has flipped to resistance, making it even harder for bulls to regain control. Currently, the 200 EMA is providing critical support. If this level fails, the downside momentum could accelerate significantly, leading to much lower targets. Key levels to watch include 5,687.33, 5,600.45, and the channel projection target of 5,119.26. Bulls will need to defend the 200 EMA and push the price back above the 50 EMA to have a chance at reversing this trend. Otherwise, the market seems poised for further downside. Let me know how you’re approaching this setup shorting, waiting for a bounce, or something else? Stay sharp and trade carefully! ?
Good way to play USD gold if based in Australia. XAUUSD looks to be breaking out with a pull back to the trend line and 100dma. Volume is Increasing, Looks likely it’s going to bounce of these support lines and continue its run. Measured move profit target of $24.31 based on the height of the wedge.
? Potential Price Targets: ? Near-term Goal: $0.3463 (1–2 months) ? Long-term Goal: $0.2418 (3–5 months) ? Dogecoin's Strategy: ? Short: Below $0.3463, targeting $0.2418. Weakening momentum and potential breakdown could push the price lower. ? Long: Above $0.3463, targeting $0.3800 and $0.3959. A bullish reversal is needed for sustained upward movement. ? Dogecoin's Commands: ? Resistance: $0.3959 — Key resistance level to watch; bulls must break above this to target $0.40 and beyond. ? Support: $0.2418 — A crucial level for buyers to defend; breaking below this could lead to a deeper decline. With the current MACD showing weakening momentum and price facing resistance near $0.3959, a further drop to $0.2418 is possible. However, a break above $0.3463 could signal a recovery toward higher targets. ? "In the world of crypto, the battle is between patience and precision. Choose your moment wisely." — FinCaesar