Solana (SOL) is starting to breakout of a Descending Wedge. Keep an Eye ? on the trend line Re-test for Entry!! This one has been consolidating for a long-long time and looks like it could be a BANGER!! Take Profit Levels TP1 - $238.64 TP2 - $290.28 TP3 - $339.19
Here's a technical analysis of the SHIB/USDT hourly chart: Price Movement: The price has been in an uptrend, moving from around 0.0000217 to 0.0000250. It's currently facing resistance near the 0.0000250 level, as indicated by the price action at this point. Volume: Volume spikes are visible at key points, particularly during the upward movements, suggesting strong buying interest. However, volume tends to decrease during periods of consolidation, indicating less conviction in price movements during these times. MACD: The MACD is currently showing a bearish crossover with the MACD line crossing below the signal line, which could indicate a potential weakening of the uptrend or the start of a correction. The histogram is also starting to show negative values, further supporting this bearish signal. Support and Resistance Levels: Support: Around 0.0000228, where the price has previously consolidated before moving higher. Resistance: At 0.0000250, where the price has faced rejection multiple times. Trend Analysis: The chart shows a series of higher highs and higher lows, indicative of a bullish trend. However, the recent price action near resistance suggests potential for consolidation or a minor pullback before possibly attempting to break through the resistance. Potential Entry Points: Breakout Strategy: If the price breaks above the 0.0000250 resistance level with strong volume, this could be a bullish signal for entering a long position, targeting the next resistance levels or Fibonacci extension levels. Pullback Strategy: If there's a pullback from the resistance level, look for support around the 0.0000228 level or previous consolidation
When comparing MEXC:VIRTUALUSDT and BYBIT:COOKIEUSDT , an exciting dynamic is unfolding that demands attention. Both cryptocurrencies have identical total supplies, providing a clear framework for evaluating their relative potential. On the technical side, both are displaying strong bullish momentum, suggesting the market is optimistic about both projects. But here’s the key difference: COOKIE boasts stronger fundamentals. Whether it’s its real-world use case, adoption metrics, or team backing, COOKIE clearly has an edge over $VIRTUAL. Despite this, COOKIE remains 10 times cheaper than $VIRTUAL. Looking ahead, $COOKIE not only has the potential to catch up to VIRTUAL valuation but, given its fundamentals, could even surpass VIRTUAL all-time high. If this momentum continues, $COOKIE might emerge as the stronger performer over the coming weeks or months. Do you believe $COOKIE has what it takes to surpass VIRTUAL previous top price, or will VIRTUAL continue to dominate? What’s your take on the potential rebalancing between these two assets? Let’s discuss!
Hi Guys, I have provided an explanation on how to become profitable by repeating the same process, over and over again. Decide the candle you intend to trade before coming to the charts to frame your trade. Am I trading the daily candle today or the weekly candle this week or a 4H candle That helps to clear out the noise in the market and you dont need to know the bias of the day or week, you just trade what the week presents. Lemme sum it all up here. Step 1: identify the candle you intend to trade. step 2: Identify the PO3 of that particular candle (OHLC or OLHC) Step 3: the high or low must be into a key level and must sweep liquidity step 4: Find a lower time frame entry to correspond to that move you just identified. step 5: Target 1:3RR or more
A great level following a strong move lower: entry at 1.80434, targeting 1.80184. Don’t hesitate to reach out if you have any questions!
This is not a FA, this is my TA and a buy order, so lets see
Another solid daily buy level identified for profit-taking. Enter at 1.78213, aiming for a target of 1.78345. If you have any questions, feel free to ask!
Question: What was the best performing commodity in 2024? For many of us, the first coming to mind would be Gold. Indeed, gold had a spectacular year driven by geopolitical uncertainty and the central bank reserve buildup. Spot gold hit an all-time-high of $2,788.54 per ounce on October 30, 2024. However, Gold retreated nearly $200 since due to the diminishing rate-cut prospects. It ends the year at 2606.72, up 28%. Gold has not won the 2024 commodity championship. • The performance of Precious Metal commodities was mixed. Silver had an annual return of 24.8%, but Platinum was down 4.4%. • Base Metals were weak overall, with Aluminum gaining 9.6% and Copper up just 3.8%. https://www.tradingview.com/x/dWM0dYr7/ Crude Oil was in the spotlight all year long. The ongoing war in the Middle East, a major oil producing region, should have pushed oil prices sky high. On the contrary, WTI spot price closed at $72 per barrel at year end, practically flat for the year. • The fighting sides of the conflict, Israel, Hamas, Lebanon, Syria, and the Houthis, was not oil producing nations. OPEC+ countries continue to supply the global market without interruption. NYMEX WTI futures price (CL) was up just 5.1% in 2024. • Other Crude and Refined commodities were worse. Weaker demand pushed RBOB Gasoline down 2.0%, while heating oil lost 6.8%. On the bright side, the natural gas product suite was a totally different ball game. Unprecedented weather events result in significant supply and demand shocks, and pump huge volatility in the Nat Gas market. NYMEX Henry Hub Natural Gas Futures hit a 52-week high of $4.20 on December 30th, after a leading weather forecaster came out predicting record-breaking winter storms in the heavily populated Great Plains and Mid-South regions. • As the storms are still developing, Henry Hub ended the year at $4.01, up 41.2%. Across the Atlantic Ocean, Europe adapts to clean energy more rapidly than the U.S. It is estimated that up to 44% of the electricity in the EU is produced by renewable energy. This heavy reliance could create huge problems if the weather does not cooperate. When Germany ran into days with no wind and a clouded sky, its electricity supply dropped by half. This huge supply gap prompted energy companies to turn on gas-fueled backup plants, pushing Nat Gas prices to a record high. • Dutch Nat Gas contract TTF was up 62.3% in 2024. For Agricultural commodities, Grains and Oilseeds were losing ground. • Corn was up 3.1%, while Soybean and Wheat down 22.3% and 11.8%, respectively. https://www.tradingview.com/x/YQB9H4Zp/ The Meat Department fares much better. Consistent with our grocery shopping experience with ever pricier red meat, Live Cattle went up 23.7%, while Lean Hog gained 12.9% in 2024. https://www.tradingview.com/x/pcHi8pVK/ Overall, Natural Gas was the reigning King of Commodity in 2024, with Henry Hub up 42% and the Dutch TTF gaining 62%. But wait, if Eggs are tradable, you could book even higher profits. According to the USDA price bulletin, Grade A Large Eggs are now selling at $4.90 a dozen on average nationwide, up 359% from $1.06 a year ago! https://www.tradingview.com/x/VpiQGIRu/ It’s a pity that CME Egg futures had been delisted since 1981, depriving us a huge trading opportunity. Do you know that the Chicago Mercantile Exchange was originally named Chicago Egg and Butter Board in 1919? If you have access to China’s futures markets, you could still trade Egg Futures from Dalian Commodity Exchange. The JD contract traded 248,533 contracts last Friday. Happy Trading. Disclaimer: The above discussion is my personal view, and not a trading advice.
I believe we are in the beginning of a wave red 3. I tried to chart most of the subwaves as well. I took the fib extensions of 1.618 for wave 3 and 1.0 of wave 1 for wave 5. I am not sure if this is impulsive or a leading diagonal.
We're looking at BL Kashyap (BLKASHYAP) on a daily chart. The stock is showing signs of being undervalued and is currently at a significant support level. Entry: ₹81.09, near the support trendline and moving averages. Take Profit: ₹139.41, where the next resistance level lies. Stop Loss: ₹66.77, below the support to manage risk. Risk-Reward Ratio: 1:4, making this trade potentially lucrative with a good reward compared to the risk. Technical indicators support this trade idea: The price is currently on the support level. The overall trend indicates a bullish potential. Moving averages provide dynamic support. This setup offers a favorable risk-reward ratio and aligns with our technical analysis, suggesting this as a good entry point for a long position. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.