ETH daily chart has a blood diamond. We typically see a continuation of the down trend in the 4-6 candles following a blood diamond. We broke down out of the H&S on daily. If we close here today and we will need to see where we open tomorrow and see if we confirm the H&S. My down trend targets are shown on the chart. I will be looking to take longs in the lower zones. What I'm doing is placing limit orders at the 3 SD level as I expect for us to bounce in 1 week time frame although I expect us to wick down deep.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??"
S&P500 turned bearish on its 1D technical outlook (RSI = 42.446, MACD = -21.350, ADX = 28.601) as it is under the 4H MA50 since Tuesday. Even though it is on a 4H MA200 rejection, the short term technical pattern that has emerged is an Inverse Head and Shoulders, about to complete the Right Shoulder. With the long term pattern being a Channel Up, we can technically target its top (TP = 6,200), which is under the 2.0 Fib target of the Inverse Head and Shoulders. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
I'll elaborate on updates but I wanted to share a short info about BINANCE:PEPEUSDT and how I see it. Pepe is currently slightly bellow of the VAH of the range. it fell, again , into the downward channel and goes again (as of now) bellow the VAH. BUT on the left side u can see the high of may/june which functions as a support zone (dotted line) - it already bounced off of it once during december (disregarding the wick deeply into it but that was a flash crash) and hols it so far. if BTC doesn't f*ck up completely, then PEPE could bounce from that and push towards the POC at 2100 and the VAH at 2500 again. Once a new HH (higher high) from the past lower high is established, it should invalidate the downtrend and find new , stronger support around the POC area and push higher from there. it all depends on BTC and the market sentiment regarding Trump, Fed, recession etc. but the moment PEPE breaks above again, and I'm certain it will, it'll go for 3000 and up. nobody knows how high it'll still go in this run but I bet it at least will touch 4000 in the next months.
Short-Term Target: 98k, potential run to 100k. Long-Term Target: 87k, waiting for more confluences. We are currently in a wedge formation. The VWAP, VAL, and Daily S/R levels are in play, and we've already seen a bounce. Today, the US markets are closed due to the death of Jimmy Carter. Tomorrow, the markets will reopen, and the Non-Farm Payroll (NFP) numbers are expected to be released. These numbers are anticipated to be lower. If not, prices may decline sharply. SP500: Consolidation with positive movement in the 10-year bond yield. Upcoming: Trump is set to return to the White House on January 20. Tomorrow's Expectations: SP500: An aggressive upward move is expected, followed by a potential downturn due to tariffs and unstable geopolitical situations. BTC: Expected to follow the SP500, maintaining a strong correlation (88% over the last 100 days). Technicals: Indicators: RSI, VWAP, AO, ADX, MFI all suggest potential pump-and-dump activity. Weekly: Bearish Daily: Bearish (indicative of a bull and bear struggle) 4H: Bearish with short-term bullish potential 30 Min: Bullish 15-Min Insights: Open Interest (OI): Decreasing while price decreases, with volatile volume – Semi-bullish. Delta: Bullish CVD: Bullish Setup: A+
https://www.tradingview.com/x/KbH4q9Rm/ Hello,Traders! SPY is trading in a long- Term uptrend and the ETF is now about to retest A strong horizontal support Level of 584$ from where We will be expecting a Local bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
This one here has better timing as the latest shakeout move is already in. Also, LTCUSDT dropped barely in the last two days. Good afternoon my fellow Cryptocurrency trader, we are already in the pre-bullish breakout phase. The energy is quiet right now, this is the calm before the bullish storm. A storm with lightning because it will be super fast when it starts to go. Litecoin produced a strong short-term higher low yesterday compared to the 20-Dec. low. And this opens the door for additional growth. This is a strong wave I am mapping here. Lev. can be higher but we are using 4X for this set of public trade-numbers. Potential reaches 552% if our last target hit. You know what they say, "Buy and hold! Patience is key!" ___ LONG LTCUSDT Leverage: 4X Entry levels: 1) $105 2) $100 3) $90 Targets: 1) $110 2) $117 3) $124 4) $134 5) $147 6) $167 7) $184 8) $198 9) $223 10) $245 Stop-loss: Close weekly below $88 Potential profits: 552% Capital allocation: 4% ____ Thank you for reading and for your continued support. I can say that in two weeks time half the market will be trading an entire level up and full green. One month from now, low prices will be a thing of the past but still some time left. When two months are over, we will be in the middle of the storm, the bullish storm. Massive growth all across the Cryptocurrency market and this growth will extend for many months. Allow for strong variations. Some pairs will peak early this year while other pairs will peak late. Your job is to be now in the pairs that will move first, so that you can sell those when they peak and buy those that are still to move. Choose wisely. Thank you for reading. Namaste.
The Shiba Inu community’s consistent efforts to reduce token supply hit a snag recently, as the burn rate plummeted 72% in just 24 hours. This decline has raised concerns among investors, particularly as SHIB’s price experienced a simultaneous dip amid a broader crypto market selloff. However, there are signs that SHIB’s future may not be as bleak as it seems, with both technical and fundamental factors coming into play. Shiba Inu Burn Rate: A Key Market Indicator Token burns have been a critical part of the Shiba Inu ecosystem, aimed at reducing supply and creating scarcity to drive up the token’s value. Over 2024, the community successfully burned 44.62 billion tokens, demonstrating strong commitment despite challenges. Recent data from Shibburn reveals that the burn rate fell by 71.56% in the last 24 hours, with only 8.73 million SHIB tokens burned. The two largest burns, conducted by the same account, totaled just under 900,000 tokens. While this represents a sharp decline, it’s worth noting that the burn rate over the past seven days surged 164.53%, with over 102.86 billion tokens removed from circulation. These mixed signals highlight the need for careful analysis of SHIB’s potential trajectory. Technical Analysis As of now, SHIB is trading at $0.0000213, up 0.40% in the past 24 hours. The Relative Strength Index (RSI) sits at 33, indicating oversold conditions. This suggests a potential reversal if buying pressure increases. Immediate support is identified at $0.0000180, which could serve as a critical demand zone. However, SHIB’s price movement is closely tied to Bitcoin’s performance. Should BTC dip to the $70,000-$80,000 range, SHIB’s support level may flip into a resistance zone, leading to further price declines. On the flip side, SHIB Futures Open Interest rose 34%, signaling strong market momentum that could drive a recovery if broader market conditions improve. Ecosystem Developments Shiba Inu’s fundamentals are also evolving, with new developments boosting market sentiment. Lead Developer Shytoshi Kusama recently outlined a vision for transforming SHIB from a meme coin to a “Shib Network State,” emphasizing the utilities of ecosystem tokens like SHIB, BONE, LEASH, and the soon-to-be-launched TREAT. The TREAT token, set to launch on January 14, has generated significant excitement within the community. Many analysts believe this could catalyze SHIB’s price recovery, especially if paired with broader market improvements. Additionally, the Shiba Inu community’s continued dedication to burning tokens remains a cornerstone of its strategy to enhance value. Market Sentiment and Broader Trends The general crypto market sentiment remains bearish, with the Fear and Greed Index dropping to 42. Despite this, SHIB has shown resilience, rising 0.47% in the last trading session—a modest gain but notable in a declining market. Conclusion While the sharp decline in Shiba Inu’s burn rate raises concerns, the token’s oversold technical indicators and ongoing ecosystem developments suggest potential for recovery. Investors should closely monitor key support levels, Bitcoin’s price action, and upcoming milestones like the TREAT token launch. With strong community backing and strategic advancements, SHIB may yet reclaim its momentum in the evolving crypto landscape.
The GBPUSD has fallen to levels last seen in November 2023, driven by surging UK borrowing costs. The yield on the UK 10-year gilt has surged to its highest level since the 2008 global financial crisis. Although U.S. tariff policy announcements have had some influence, the rise in UK bond yields is largely attributed to domestic factors. Conservative MPs have pointed to Chancellor Rachel Reeves’ budget as a trigger, whereas Labour MPs blame the previous Conservative government for creating the challenges that necessitated Reeves’ tax increases. Rising inflation, reversing its earlier downward trend since October, has further weighed on market sentiment. The upcoming release of UK inflation and GDP data next week will provide further insights. Technically, GBPUSD remains in a bearish channel, with momentum potentially favoring a drop towards the 1.2067 support level.
Solana has dropped 14% since last time we looked at it, filling our target zone. As of now, we are seeing that sellers are still showing pressure and are trying to break the current zone, which then will result in further movement to lower zones. We are waiting to see a proper breakdown here and then a movement towards the $161. Swallow Team