Please provide a meaning and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the readers shoes and see if you would understand the context based on what you wrote. Clearly stated profit and targets and stop loss areas help clarify any trade idea.
On the daily chart there is a noticeable divergence and the formation of bearish pressure as it approach the nearest support. It might continue testing this support until it decides if it will break or bounce back up to create a new highs. Afterall the overall trend is still bullish https://www.tradingview.com/x/jtDs4295/ Indicatora 1. 200 sma bollinger band - price action still playing above the 200 daily sma 2. RSI with 100 sma for swing trend direction. - RSI line is bearish and not near the oversold area so i think there's still a momentum to the downside on the daily. 4hours Time Frame https://www.tradingview.com/x/7ndXg9P6/ 200 sma bollinger band defaulted to daily chart RSI with 100sma defaulted on the chart time-frame
SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) fell last week, closing USD 1.45/ton lower by 27/Dec (Fri). https://www.tradingview.com/x/YIHMDUfP/ SGX IO Futures opened at USD 100.3/ton on 23/Dec (Mon) and closed at USD 98.85/ton on 27/Dec (Fri). Prices briefly touched a weekly high of USD 102.1/ton on 23/Dec (Mon) and a low of USD 98.65/ton on 27/Dec (Fri). It traded in a range of USD 3.45/ton during the week, which was narrower than the prior week. Prices were under the pivot point of USD 102.25/ton at the start of the week and closed slightly above the S1 point of USD 97.65/ton. Volume peaked on 27/Dec (Fri) as IO price touched its weekly low. Iron Ore Fundamentals in Summary Iron ore prices posted a weekly decline on 27/Dec (Fri) despite reports of China’s record plan to issue USD 411 billion in treasury bonds in 2025 to stimulate its economy. The news failed to boost market sentiment. Steel mills in China showed limited interest in winter stockpiling. Given the current profit margins, their focus remains on negotiating lower prices. China's port iron ore stockpiles fell by 860k tons (0.59% WoW) to 144.99 million tons in the week ending 27/Dec, according to MMI data . Based on seasonality, SGX IO Futures Jan contract trades 21.6% below its last 5-year average (USD 126.03/ton). https://www.tradingview.com/x/UtCYgbAZ/ Short-Term Moving Averages Indicate Strengthening Bearish Trend Following the formation of a death cross on 20/ Dec (Fri), the gap between the 9-day and 21-day moving averages widened last week, signaling a strengthening & continued bearish trend. https://www.tradingview.com/x/4I5lYpfM/ Long-Term Averages Signal Potential Beginning of a Bearish Trend IO prices tested the 100-d SMA throughout the week but fell, closing below the 100-d SMA by the end of the week. This indicates the beginning of a bearish trend as prices fell below both the long-term moving averages. https://www.tradingview.com/x/9qO5OPbS/ MACD Points to Deepening Bearish Momentum, RSI at Neutral Level The MACD indicates a stronger bearish sentiment starting from 18/Dec and persisting through the current week. Meanwhile, the RSI is at 41.78, suggesting a neutral stance and it hovers slightly below the midpoint, with its RSI-based moving average at 46.93. https://www.tradingview.com/x/dyPr8epd/ Volatility Inched Down, Price Closed Below 23.6% Fibonacci Level Volatility declined moderately last week. Prices hovered over the 23.6% Fibonacci level at USD 100.35/ton throughout the week but declined sharply to close below the 23.6% Fibonacci level. Going forward, expect the 23.6% Fibonacci level to act as resistance while the 0% level at USD 95.8/ton will act as support. https://www.tradingview.com/x/eWmf9hmu/ Selling Pressure Intensified, Price Trading at Low Volume Nodes Selling pressure continues to dominate and has grown stronger by the end of the current according to the Accumulation/Distribution (A/D) indicator. The price is trading at a relatively low-volume node. Price also closed the week along the lower Bollinger Band. https://www.tradingview.com/x/24WQ2EU5/ IO Futures Only Aggregate Exposure Financial Institutions (FIIs) and Managed money are net long with 130.4k and 8.4k lots across all futures expiries. Physical market participants and Others are net short with 99.3k and 39.4k lots across all futures expires. Overall futures & options open interest as of 27/ Dec stood at 1,311,576 lots. https://www.tradingview.com/x/aXjnEVt2/ Source: SGX IO Futures & Options Only Aggregate Exposure Financial Institutions (FIIs) and Managed money are net long with 126.1k and 17.3k lots across all futures expiries. Physical market participants and Others are net short with 105k and 38.4k lots across all futures expires. Overall futures & options open interest as of 27th Dec 2024 stood at 1,617,924 lots. https://www.tradingview.com/x/THSr8yYG/ Source: SGX Historical Futures Aggregate Exposure by Market Participants As of 27th Dec 2024, physical participants have switched from net long to net short over the last quarter. Managed Money has shifted from net short to net long. Financial Institutions continue to hold net long positions since the second quarter of this year. https://www.tradingview.com/x/xZnGPDeQ/ Source: SGX Hypothetical Trade Setup The seasonal demand uptrend seems unlikely, with Chinese steel mills showing limited stockpiling activity. Iron ore prices lack near-term catalysts, while technical indicators highlight a strengthening bearish trend as prices stay below both short-term and long-term moving averages. These technical and fundamental factors suggest prices have yet to bottom out. To convey a bearish outlook with controlled risk, investors could consider an SGX iron ore put spread. This involves purchasing a USD 98/ton put and selling a USD 96/ton put, both expiring on 31/Jan. The strategy offers a reward-to-risk ratio of 1.7x, with a maximum potential profit of USD 127 and a maximum potential loss of USD 73 per 100-ton lot (excluding transaction costs). https://www.tradingview.com/x/GWI95I3h/ DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
plenty of rejections, And a llloooongggg asss wick i knew but moved stop tighter and yeah
On a daily timeframe, we are looking for proper support to form on the coin, where the first ideal zone would be near $3,050, which is near the 200EMA line and also marks as some kind of neckline zone for a possible H&S pattern there. Now ideally this would be the zone we would be looking for the start of DCA, as we might still fall from there towards our second support zone, which will be a much stronger zone from where to bounce off. This being said, we are still bullish on Ethereum; just a slight correction would be a logical move here, in our opinion! Swallow Team
Unlike Gold which is still holding its stature in the Symmetrical Triangle. Silver has broken below not only it's Uptrend but also below the neckline of a Head and Shoulders. Now commodities don't stay down for too long normally, so I wouldn't be surprised if this market rockets up due to some "catalyst" in the new year. But until then, the price and nature is bearish and will set a target of around $24.15. The price does however need to close below the 200MA to make it a higher probability idea.
$DEGEN is currently sitting on a strong support with a double-bottom formation, testing its 4-hour demand zone after a long decline. A break of .010 resistance could hit its swing point at .014, in confluence with m_rvwap I think it's a good idea to keep the $DEGEN chart on your radar to see the overall meme sentiment on Base I am inclined to think that we might be nearing the bottom in terms of both price and sentiment. It's evident that the focus is now shifting towards the Virtuals ecosystem, reminiscent of the vibe in Q1 2024.
Bros, the trading journey for the new week starts from this moment. Gold has gradually pulled back after reaching around 2638 and is currently testing the 2614 level. If the volatility of gold continues to narrow, I believe gold will find support once again in the 2610-2605 region and could potentially rebound back towards the 2620-2630 range. Therefore, in the short term, as long as gold remains above the 2610-2605 support zone, there is a good chance it will rebound again. So, for short-term trading, we can still consider going long on gold. Bros, are you optimistic about the rebound of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
HEllo Frds, Zomato looks good for short from current price level 276.00 Striclty stoploss 305.00 Rs Bottom target 174-124 zone its purely positional trade.
009 (I think that DOGECOIN will down until Trump start him work and I think maybe BTC to be same)