Today's chart about EUR/USD analysis on a 4-hour timeframe, indicates a bearish trend with potential further downside movement: 1. Bearish Trend Channel: The price is moving within a downward-sloping channel, highlighting consistent lower highs and lower lows. 2. Projected Price Movement: A blue arrow suggests a continuation of the bearish trend toward the target area (highlighted in green) around 1.01000–1.02000. 3. Stop Loss (SL) Area: A red box at 1.03270 marks the stop-loss zone, signaling where the trade would be exited if the price reverses upward unexpectedly. 4. Target Area: The green zone below represents the anticipated target for the price drop, aligned with the overall trend. The setup I have made shows a bearish sentiment, with traders likely aiming to capitalize on a continued price decline while managing risk using the stop-loss level. Note: As always remember it is for educational purposes not a trading advice. Please follow, like and support us.
Retesting the closest supply and demand zone, it appears that the bottoming process BINANCE:ACTUSDT at $0.26 has been finished with a breakout to $0.35. For purchase orders, this backtest of the $0.3 support is perfect. The $0.45 zone, the first consolidation zone and the most significant level, will be the closest target. Following that, we may keep distributing at $0.53 and particularly at $0.63, where there are a lot of strong reactions that point to significant selling.
⭐️Fundamental Analysis Gold prices rose on the first trading day of the year as investors sought safe havens amid escalating geopolitical tensions and concerns over the policies of President-elect Donald Trump and the US Federal Reserve (Fed). Trump's protectionist policies could fuel US-China trade tensions and boost safe-haven demand for gold. However, these policies are seen as inflationary, which could prompt the Fed to maintain a cautious stance on interest rate cuts, limiting gold's upside. The focus is now on ISM manufacturing PMI data and a speech by Richmond Fed President Tom Barkin later in the week. In addition, tensions in the Middle East and concerns over China's economy will continue to have a major impact on gold prices. ⭐️Technical Analysis Gold has risen for two consecutive days with no clear correction in sight. Gold is reacting around the resistance zone of 2663-2665. In the European session, Gold did not break this zone, there is a possibility of a strong correction to 2640 to continue its sustainable uptrend. When gold increases continuously, it creates a relatively steep uptrend channel. After retesting the target of 2681-2683, which investors are expecting today, the price breaks 2640 and must wait for the price zone of 2620 to be able to BUY again. The hope of a price increase becomes less feasible when gold returns to the low range.
More than half-a-dozen VPN apps, including Cloudflare’s widely-used 1.1.1.1, have been pulled from India’s Apple App Store and Google Play Store following intervention from government authorities, TechCrunch has learned. The Indian Ministry of Home Affairs issued removal orders for the apps, according to a document reviewed by TechCrunch and a disclosure made by Google to […] © 2024 TechCrunch. All rights reserved. For personal use only.
Heute Abend könnt ihr im Fernsehen zur späten Stunde einen exzellenten Thriller schauen, der mit einer spannenden Geschichte aufwartet und herausragend inszeniert ist.
If ICICI Bank breaks the neck line of this Head and Shoulder Pattern on the hourly chart by the close of the first hour of todays trading, I anticipate that it will be testing levels of 1250 in the coming week. Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness. Needless to say, Bank Nifty view will also be in sync with ICICI Bank and HDFC Bank. So positions can be built accordingly.
Technical Analysis (1-Hour Chart) * Trend and Price Action: * QQQ is trending downward on the 1-hour chart, respecting a descending trendline. * The price has tested the $505.34 support level and is attempting a minor recovery. However, the overall structure remains bearish. * Volume: Moderate volume during recent declines suggests continued selling pressure. * Indicators: * MACD: Signs of a potential bullish crossover, which could indicate a short-term recovery if confirmed. * Stochastic RSI: Rising from oversold levels, signaling a possible bounce or consolidation. * Key Levels: * Support Levels: * $505.34: Critical support level; breaking below this could lead to further declines. * $500.00: Psychological support and significant GEX activity zone. * Resistance Levels: * $511.87: Immediate resistance aligning with the descending trendline. * $515.00: Secondary resistance with CALL wall activity, marking a critical breakout level. GEX Insights for QQQ https://www.tradingview.com/x/lOiX7jxP/ * Gamma Exposure (GEX): * Positive GEX Zones: * $515.00: Key CALL wall, acting as a significant resistance zone for upside movement. * Above $520.00: Positive gamma increases, signaling a strong resistance cluster. * Negative GEX Zones: * $505.00: Highest negative gamma exposure and a critical support zone. * Below $500.00: Gamma exposure becomes more negative, increasing downside volatility. * Options Metrics: * IVR (Implied Volatility Rank): 20.1%, indicating relatively low volatility pricing. * Options Flow: * Calls: Modest activity near resistance levels at $515-$520. * Puts: Concentrated near $505 and $500, reflecting strong protective positioning by investors. Trade Scenarios: Bullish Scenario: * Entry: Above $512.00 with confirmation of momentum. * Target: $515.00 (initial), $520.00 (extended). * Stop-Loss: Below $510.00 to limit downside risk. Bearish Scenario: * Entry: Below $505.00 with strong volume. * Target: $500.00 (initial), $495.00 (extended). * Stop-Loss: Above $510.00 to cap losses. Conclusion QQQ is at a pivotal level, with $505 acting as a critical support zone. A breakout above $515 could trigger bullish momentum, while a breakdown below $505 could lead to further downside pressure. GEX levels provide clear zones to monitor for potential trading opportunities. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.
Trading is hard and it’s not something you can expect to get good at overnight. So if you’re serious about becoming a master of making money on the markets, you’re going to need some top-level schooling.
Technical Analysis (1-Hour Chart) * Trend and Price Action: * PLTR is trending downward on the 1-hour chart, respecting a descending channel with lower highs and lower lows. * Current price action shows an attempt to stabilize above $75.43, a key short-term support level. * Volume: Declining volume during the recent consolidation phase indicates weakening selling pressure. * Indicators: * MACD: Attempting a bullish crossover, suggesting momentum may shift upward if confirmed. * Stochastic RSI: Oscillating upwards from oversold territory, signaling a potential short-term rebound. * Key Levels: * Support Levels: * $75.43: Immediate support; breaking below this could open doors to $72.41. * $72.41: A significant support zone where strong PUT activity is observed. * Resistance Levels: * $78.00: Immediate resistance; aligns with CALL walls and prior rejection levels. * $80.00: Major resistance zone at the upper bound of recent consolidation. GEX Insights for PLTR https://www.tradingview.com/x/BiKX4n2D/ * Gamma Exposure (GEX): * Positive GEX Zones: * $78.00: Significant CALL wall, serving as a strong resistance level. * $80.00: Third CALL wall and psychological barrier, indicating where sellers may dominate. * Negative GEX Zones: * $75.00-$74.00: Heavy PUT activity with the highest negative gamma exposure, implying a strong support cluster. * $72.00: Key level of PUT concentration; breaking below this would likely lead to increased volatility. * Options Metrics: * IVR (Implied Volatility Rank): 67.9%, indicating elevated options pricing compared to historical levels. * Options Flow: * Calls: 58.4%, reflecting moderate bullish sentiment. * Puts: Focused below $75, signaling protective hedging at lower levels. Trade Scenarios: Bullish Scenario: * Entry: Above $75.50 with confirmation of bullish momentum. * Target: $78.00 (initial), $80.00 (extended). * Stop-Loss: Below $74.50 to limit downside risk. Bearish Scenario: * Entry: Below $74.00 with increased volume. * Target: $72.00 (initial), $70.00 (extended). * Stop-Loss: Above $75.50 to cap losses. Conclusion PLTR is at a pivotal level, with $75 acting as a key support zone. A break above $78 could lead to a test of $80, while a breakdown below $74 might result in further downside. GEX data aligns well with these critical levels, providing clear zones to monitor for directional moves. 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 details or adjustments!
I earned a lot from XAI. I have made almost $50K (although I know its more than that) from XAI/USDT (Perpetual Contracts). Now listen to ME very carefully: First point to roam nearby for XAI is 0.600 then 0.7300 then 0.8200 being the ideal target for ME. I don’t do Spot because I do “Chief Swings” My Own Invention via my own Analysis (“Chief Analysis” which I’m founder of) via my own strategies and my own asset. So be careful while trading futures because I AM THE FUTURE & I tell you you aint in it if you’re not smart ? “The Crypto Chief” Signing out BINANCE:XAIUSDT