The target for Nearusdt is set at 6.30, as the fifth wave has been confirmed. Following this, we may observe a corrective movement towards the range of 5.5 to 4.80.
Probably it will bounce from 0.66, but a good accumulation point is the retest of 0.78, which is also a previous resistance - which was never tested since the violent breakout. Would take a long below $0.4 with target to pqH
The Buy signal still requires additional confirmation. Order blocks: 93,450, 92,370, 91,280 As long as the price hovers around the cloud, wait for a spike on the Squeeze Index before opening positions. Currently, the Squeeze Index is showing noise – wait for better trade entry opportunities.
Now the reason for bringing this on the table is that I noticed some really strong accumulation activity inside the box , usually this kind of activity’s lead to a blast of green dil dos , the project is not bad itself and tbh I don’t ask much of utility stuff after meme season all I know is this one’s worth being in radar . Dyor
ENAUSDT: Short-Term Trading Opportunity Market Overview ENA is showing a favorable setup on the H4 and D1 timeframes, with a solid accumulation zone around $1.24 or lower. This presents a promising opportunity for short-term gains within the current market cycle. Trade Plan ? Entry Point: $1.24 or lower – Ideal for positioning before potential upward movement. ? Target: 20-30% profit – Targeting significant returns in a short timeframe. ⏳ Hold Time: Maximum 1 week – Designed for efficient capital allocation. ? Note: This is not financial advice. Always conduct your own research and manage risks effectively.
Looks like the coil needed more time to consolidate (which is bullish signal - indicates a much stronger move to upside in next leg). Still respecting the 2 month downward trend line the past week. We are approaching the end of consolidation phase here and we'll likely see a powerful move upward soon. Why? We are respecting the 2H micro trend line that has been forming since new year, signaling a move towards 0.8$-1$ zone (1.618 Fib) soon, as we are ending a symmetrical triangle pattern. Remember symmetrical triangle patterns can be both bullish or bearish - in this case my judgement is based off of bullish divergence forming in RSI. There is no second best.
* The used times frames are the monthly, weekly and the daily.. on the chart at this idea, is shown the daily frame! * The purple daily uptrend line which was not broken since 05.08.24 if you remember what happened at the carry trade and Japan interest rates of that time, was broken at 18.12.24 and then pullback then the index pushed down again then on 03.01.25, another pullback happened and it could go to max 21635 but I believe will be pretty hard that one daily candle can close above that price 21635 * A descending bearish triangle already formed and the main idea, that the index will face huge resistance which will push the price down to breakthrough the triangle to send the index further down to the TP1 regardless any bullish short term retraces to the upside, but 20230 will be my TP currently! * I believe that the main target is even further down when the index touches by the daily candle the green uptrend line which is strong as a steel and was not broken since 06.01.2023 and the last time the index touched that line was at 05.08.2024 which caused a huge insane push to the upside. * My Fib retracements levels are powerful and closure of the daily candle of 02.01.2024 is a huge indication that the index would go further down even if a pullback to the upside happened on the 3rd of January (last Friday session) ****** Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Gold daily is showing price rejection right in the range of $2,666.90 which is an area of confluence of resistance, Icimoku cloud, and a triangle that price has formed. Looking left I can see that the current price is a high traffic zone with many daily candles opening and closing as well as a lot of indecision. Essentially, I can see price churning to the right until Friday, January 10th for NFP. Because the price is in such a zone that it is in right now, bullish or bearish news, I predict price will push to and passed the zones in green and will most likely move to the support and resistance that I has indicated with the arrows.
Hey everyone, As promised, getting back into the grove of posting analyses. I was going to cover other tickers but I ran a little long. People have told me that they have learned a lot from me so I wanted to take time to explain how to identify things clearly. I generally don't feel like I give helpful educational information in my ideas but I will make a point of doing it in the future. If you are interested in Bulkowski stuff and his software, just google Thomas Bulkowski online and you will find lots of information! He provides a lot of free educational content online. You can also find some educational ideas on tradingview that go over Bulkowski patterns, here are some I have found: https://www.tradingview.com/chart/BTCUSD/5tfIY1vy-Pattern-test-based-on-Bulkowski-s-Chart-Patterns/ This one is a really good video on testing patterns using an indicator. This is using the same textbook I trained my own Bulkowski model with: https://www.tradingview.com/chart/SPY/grHI0FLn-Testing-Candlestick-Patterns-on-Real-Data/ Anyway, this is my analysis/forecast. Hope you enjoy! Leave your questions below! Safe trades!
MACD signals a Bullish Crossover on daily chart ? It indicates a shift of momentum into uptrend