The Nasdaq 100 is currently exhibiting a potential bullish reversal on the 4-hour chart. A key buying opportunity is identified around the 21,171 level, with a stop-loss set at 20,727 to manage risk. The initial target (First Tp) is positioned at approximately 21,600, with an ultimate target near 22,101. This setup aligns with recent technical indicators suggesting upward momentum after a period of consolidation. Traders should track market sentiment and any macroeconomic developments that could influence this trajectory for optimal entry and exit points. NOTE This analysis is for informational purposes only and does not constitute financial advice, Don't Forgot Like Button Share With Your Friends Trade Safe Thanks.
Technical Analysis (30-Minute and 1-Hour Chart) * Trend and Price Action: * NVDA experienced a sharp pullback after testing the $155.00 resistance level and is now consolidating around $141.50. * The price is forming a potential descending triangle with immediate support at $139.00 and resistance at $144.00. * Volume: The pullback is accompanied by a significant volume increase, signaling heavy selling pressure at higher levels. * Indicators: * MACD: Bearish crossover with increasing downward momentum, confirming the recent selloff. * Stochastic RSI: Oversold conditions, suggesting the possibility of a short-term bounce. * Key Levels: * Support Levels: * $139.00: Immediate support zone and a critical pivot for maintaining bullish sentiment. * $136.00-$135.00: Major support levels aligned with high PUT wall activity, signaling strong downside protection. * $125.50: Extended support level, marking the lower boundary of recent price action. * Resistance Levels: * $144.00: Immediate resistance zone with PUT walls above, adding to selling pressure. * $150.00: Strong resistance backed by CALL wall activity. * $155.00: Key resistance aligned with the highest positive gamma exposure. GEX Insights for NVDA https://www.tradingview.com/x/2ytZioFW/ * Gamma Exposure (GEX): * Positive GEX Zones: * $150.00-$155.00: Dominant CALL wall region, acting as significant resistance. * $144.00: Additional resistance level with high gamma-related hedging activity. * Negative GEX Zones: * $139.00: Immediate PUT wall, marking strong short-term support. * $136.00-$135.00: High negative gamma concentration, reinforcing downside support. * Options Metrics: * IVR (Implied Volatility Rank): 21%, indicating relatively low options pricing. * Options Flow: * CALLs: Concentrated at $144.00 and $150.00, reflecting resistance levels. * PUTs: Heavy activity below $139.00, highlighting significant hedging and support. Trade Scenarios: Bullish Scenario: * Entry: Above $144.50 with confirmation of breakout momentum. * Target: $150.00 (initial), $155.00 (extended). * Stop-Loss: Below $141.00 to limit downside risk. Bearish Scenario: * Entry: Below $138.50 with strong selling volume. * Target: $135.00 (initial), $125.50 (extended). * Stop-Loss: Above $141.00 to cap losses. Conclusion NVDA is currently consolidating near $141.50 after a steep pullback. A break below $139.00 could lead to further downside toward $135.00 or lower, while a breakout above $144.50 may trigger a move toward $150.00 or $155.00. GEX data confirms these levels as critical pivot points for price action and options-related activity. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly. Let me know if you'd like further clarifications or insights!
The recent news highlights that Ripple is expanding RLUSD adoption by integrating Chainlink's price feeds, further enhancing the utility of stablecoins. This development could contribute to increased market interest in Chainlink (LINK). At present, LINK has reached a critical support and high-demand zone between $20.50–$21.50, where buyers have historically stepped in. For those considering a short position, exercise extreme caution, as this zone is a strong support level. Place your stop loss very close to minimize risk, as a reversal or breakout could invalidate the trade quickly. For those looking to go long, it is prudent to wait for a confirmed breakout above $23.00 to ensure the upward momentum is backed by volume and market strength. The market is currently volatile and uncertain, so trade cautiously, ensuring proper risk management and patience for clear technical signals before committing to any position.
Here's a summary of your new trade plan for BTC/USD: Trade Plan 1. Target: $97,500 2. Entry Point: $96,200 3. Stop Loss: $95,400 Your plan indicates a bullish outlook, expecting the Bitcoin price to rise from the entry point to the target. Key Considerations 1. Risk Management: Ensure proper position sizing. 2. Market Conditions: Monitor economic indicators, regulatory updates, and technical analysis. 3. Trade Adjustment: Be prepared to adjust your trade plan if market conditions change.
Clear bullish divergence on SNX, lets see how it plays out First PT- 2.25 Second PT- 3.21 SL- 1.844 glhf
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Strong Trendline . This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2390 2nd Support – 1.2332 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
ACT ~ 12H #ACT If you still have Conviction on the coin,. This support block would be a very good buying place for now.
GOLD, after rising to retest the recent peak around 2665, quickly fell back below 2650 in the US session last night when the US announced PMI service data and JOLTs employment opportunities exceeding expectations. Today, investors need to pay attention to many important economic data about to be released such as: ADP Payroll, Unemployment Claims and FOMC Minutes. Currently in the Asian-European session, gold prices are expected to move within the 2638-2665 border zone. Therefore, it is possible to buy and sell gold when approaching this border zone.
For this week, Bitcoin (BTC) predictions suggest a range of potential prices. Here's a brief overview: this week about btcusd For this week, Bitcoin (BTC) predictions suggest a range of potential prices. Here's a brief overview: Wednesday, January 8: Price between $98,696 and $113,554. Thursday, January 9: Price between $98,682 and $113,538. Friday, January 10: Price between $98,979 and $113,879. Monday, January 13: Price between $100,181 and $115,263. Tuesday, January 14: Price between $102,054 and $117,416. Wednesday, January 15: Price between $102,891 and $118,379. Thursday, January 16: Price between $104,998 and $120,804. Friday, January 17: Price between $103,764 and $119,384. Bitcoin (BTC) has been experiencing some fluctuations recently. As of now, BTC is trading around $96,500. Analysts have mixed predictions, with some suggesting a potential drop to $80,000 due to a possible head-and-shoulders pattern, while others remain optimistic about a bullish breakout if BTC can hold above $92,000.
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,900 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 20,900 support and resistance area. Trade safe, Joe.