BINANCE:BTCUSD Has made an impulsive move above the downward trendline. It is also showing a Bullish Divergence, with the RSI and MACD making Higher Lows, whilst the price made lower lows. Still significant overhead resistance to overcome with the Moving Averages overhead - Could chop sideways and backtest the trendline breakout before moving higher Overall stance - Bullish
The market is showing a strong upward trend, aligning with our set targets. Please take a closer look at the chart and read the detailed description to gain deeper insights into the current movements and future projections...
NASDAQ:ZM is currently trading below its 20-day MA and can enter the Ichimoku cloud. The volume is drying up. the next 10% upside is going to be a hard grind with supply zone in the range from 89-92. Its a tough trade and for the patient ones only. The fundamentals are strong. The technicals are now subject to market volatility. Enter if you are long; OR enter once it breaks the supply zone at 92.
Gold Price still seems to be in it's Consolidation/ ranging phase and could turn up or break down further. It's the last day of the Year, not alot of Volume so anything is possible. But I'm still bais for a pump and holding the long position.
Good confluence all round for a short on XRP, i was waiting for BTC to reject the $96,555 price level but on smaller time frames it look like price was changing and volume had dropped, all the criteria i needed to enter the trade on XRP was met so i entered. If BTC has another short pump to the $96,555 level then i may be stopped out on this XRP trade depending on how much it influences XRP as they are of course in correlation although XRP is usually slightly behind other ALT's. The market is currently in a down trend, confirmed by the 50 SMA, we broke LL's then pull back to retest what was a support, now a resistance and this all aligned nicely with the 61.8% fib retracement level and finally this level is also a nice level to reject the 50 SMA All of these are criteria's i follow for entry on positions, i'm looking to trade with the trend on bigger time frames. Again BTC's next movements will have an impact on how this plays out but if it does pump hopefully its only small and i placed my stop well enough to not be closed out of the trade. If BTC doesn't pump we could see XRP dump here.
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Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Lower highs and can see a constant break through SMA 65 and 10, more so than before. A bit of a support line around low 400s, but when it breaks (and it will) expect a 20-30% dip. Love the company and the tech, but it's too rich right now. Always do your DD and best of luck! You can use the inverse ETF to take advantage of this while the price is low.
? Copper Market Update: Navigating the Current Landscape ? Hey everyone! ? Let's talk about the current situation with copper, a metal that's playing a huge role in our modern world, especially with the push towards green energy. ? Supply and Demand Dynamics: The global copper market is facing some serious challenges. Demand is skyrocketing due to the rise of electric vehicles (EVs), renewable energy projects, and the need to upgrade power grids. However, supply is struggling to keep up. South American producers, which account for a large portion of global supply, are dealing with political unrest and regulatory hurdles. ? Market Deficits: Analysts are predicting that the copper deficit could persist until 2030. McKinsey forecasts that global copper demand will reach 36.6 million tonnes by 2031, while supply is expected to be around 30.1 million tonnes, leaving a significant gap. ? Price Implications: With supply struggling to meet demand, copper prices are likely to remain strong and could even rise further. This makes copper an attractive option for investors looking to capitalize on the green transition. ? Long-Term Outlook: The long-term outlook for copper remains bullish. The push for decarbonization and the electrification of various industries will continue to drive demand. However, the market could experience short-term fluctuations based on factors like China's economic performance and new mine developments. ? Key Takeaways: High Demand: EVs, renewable energy, and grid upgrades are driving copper demand. Supply Constraints: Political unrest and regulatory challenges in key producing regions are limiting supply. Price Trends: Copper prices are expected to stay strong, with potential for further increases. Investment Opportunity: Copper presents a compelling investment opportunity given its critical role in the green transition. ? H1 CFD Copper Chart Analysis: Technical Indicators: The Stochastic Oscillator is currently sending a short signal below the overbought area, with the fast line approaching the 50 median line. This suggests that the downward trend of copper prices may slow down during the Asian session. Fibonacci Extension Levels: Copper prices are currently blocked by the support of the moving average group, oscillating within a sideways range. If copper prices break through this range, we must be alert to the possibility of a false breakthrough. Price Movements: Copper prices rose yesterday and broke through the high point of the short-term shock range, approaching the purple 13-day moving average. This moving average may prevent copper prices from rising further. Support Levels: The key support level is around 4.1153, aligning with the 61.8% Fibonacci retracement. A bounce from this level could present a trading opportunity. Market Sentiment: If copper prices stay above 4.1590, the first target is 4.1885, followed by 4.2055. If copper prices drop below 4.1590, the first target is 4.0935, followed by 4.0765. ? Latest News on Copper: Copper Prices: Copper prices eased on Tuesday but were on track for a second consecutive yearly gain. Supply setbacks at global mines contributed to a tightening in the global copper market. On the demand side, industrial recovery in key economies alongside demand from the green energy transition helped support prices. China's Economic Recovery: China, the biggest commodity consumer, has struggled to recover amid weak consumption and a protracted property crisis. However, policymakers hope a recent blitz of fiscal and monetary measures will spark a turnaround. Trade Tensions: Uncertainty around the scope and fallout of any possible trade wars under the incoming Trump administration could cast a cloud over industrial metals demand. ? Wishing You a Prosperous New Year!: As we move into the new year, I want to wish everyone a prosperous and successful 2025! May your trades be profitable and your strategies sharp. Don't forget to follow for more of the best trading advice and tips. Let's make this year our best one yet! ?.
SMR looks bullish Target : $25 Stop loss : $16.50 Do your own research