See this example for gold and silver miners monthly chart. Don't get trapped using linear defined analysis. Always use log scale chart.
This isn’t my full analysis—I'm keeping that to myself for now. But what I can tell you is that Bitcoin is in a downtrend, showing a steep, short-term decline in the already ongoing downtrend. According to many indicators, BTC could drop to at least $90K. I’ve opened a short position and will share further updates about my sell strategy soon.2 Stay tuned, and I’ll catch you in the next one — peace!
Tesla is trending upward within a parallel channel, showing a strong bullish bias. The stock has experienced two rejections from the inclined resistance line and two bounces from the inclined support line. (Current Market Scenario) Tesla is currently retesting the support line for a potential reversal and a significant upward move. (Technical Indicators Support Buy Opportunity) The 50-period Exponential Moving Average (EMA) is above the 100-period EMA, with the 50 EMA (red line) positioned above the 100 EMA (blue line). This bullish crossover indicates a buy opportunity. (Trading Plan) Buy Entry: 430 TP1: 460 TP2: 490 TP3: 530 S.L: 400 Follow My Professional Profile for Getting More Ideas.
Final week of 2024 with some closed sessions and low volume trading. Get ready for January potential moves/range. Looking for H/S to develop right shoulder in January. December has created a wide range (3rd to Aug & Sep), 20,990 is Key Level pass from Aug low with Sep retest move. Yellow's are KL's and Red's are TLX's. Use are targets and U Turns. NAZ is in Mid of Dec Range, look for NAZ to stay inside thick White TL's under TLX 20,758 and above go Long. Looking for January drop test. Notice 17,027 (2024 Open Level) the August reaction after a near hit. Also, looking for the breakdown with the O/N long lift Rig and Friday-Monday long move. We did have 1 near limit-down O/N session in 24 (-6.8%) and 1st decent drop in O/N since early 2020. The balancing of selling will need to show up prior to a serious leg higher.
Hey Traders, in tomorrow's trading session we are monitoring USDCHF for a selling opportunity around 0.90800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90800 support and resistance area. Trade safe, Joe.
Given the price objectives which are specified—$1, $1.5, and $2.5—the chart offers prospective investors an intriguing opportunity. The research is broken down here to show the main elements that could draw in investors: * Important Analysis Points: 1. **Recent Surge**: The price has just risen from a low point, suggesting that a bullish phase may be beginning in the market. When coupled by strong volume, as shown in the chart, the steep price gain may indicate a trend reversal or the beginning of a new bull cycle. 2. **Volume Confirmation**: The price increase is accompanied by volume spikes that provide additional evidence of robust purchasing demand, which is encouraging for prospective investors.A high volume frequently indicates the entry of institutional or sizable retail investors into the market. 3.EMA Crossovers: With the 50-day EMA above the 200-day EMA, which usually denotes a bullish trend, the chart displays both the 50-day and 200-day EMAs. Both long-term investors and momentum traders may be drawn to this crossover, which suggests that the market may keep rising. 4.Important Price Goals: $1: A psychological level that can serve as a significant resistance point is the first target of $1. If this is broken above, more bullish activity may follow. $1.5: The next resistance level is represented by this price goal. Significant upside potential might be triggered by a clear breakout above $1.5, which would draw in more investors and accelerate the trend. $2.5: A significant resistance level from earlier highs is represented by the ultimate objective of $2.5. The asset may attract a lot of interest from investors if the price hits this goal, which might indicate a complete rebound of the previous bullish cycle. 5.RSI Indicator: At 44.41, the RSI indicates that the asset is not yet in an overbought state. Before the market gets too stretched, there is still opportunity for expansion. Investors can see this as a chance to get in before the price increases even further. 6.Possibility of Long-Term Growth: The general structure of the chart displays a significant accumulation phase that is followed by a breakout, which is a feature frequently observed in the early phases of a bull run. ALGO may have substantial upside potential over the next months, according to the price action and trend indicators, which makes it a desirable investment for both short- and long-term traders. Investors' conclusion: A comparatively low RSI, positive moving average crosses, and rising volume all contribute to the ALGO/USDT chart's strong bullish trend. Investors might profit greatly from the price goals of $1, $1.5, and $2.5—especially if ALGO breaks through these levels. Those who want to profit on the asset's momentum will find the current market structure intriguing, and the comparatively low RSI allows for additional growth before the market gets overbought. This study can assist in making a strong case for ALGO/USDT investing to prospective investors by concentrating on certain key indicators.
Key Context - Choch (Change of Character): I identified a clear Change of Character (ChoCH) at the marked level. This shift indicated a potential bearish move as the market transitioned from a higher-high structure to lower-lows, confirming bearish intent. Premium and Discount Zones: I used the Fibonacci retracement tool to divide the range into Premium (above 50%) and Discount (below 50%) zones. My goal was to sell in the Premium Zone where sellers are expected to dominate. Supply Zone (SSS): Within the Premium Zone, a significant Supply Zone (labeled as "SSS") was identified, where price reacted previously, showing strong bearish rejection. I positioned my entry around this zone, waiting for price to retrace there. Entry Trigger: Price retraced into the Supply Zone, showing signs of rejection and weakness, confirming that sellers were active. I placed my sell entry at this point. Stop Loss Placement: To manage risk, my stop loss was placed slightly above the Supply Zone to account for potential wicks or liquidity hunts. Take Profit Strategy: The Take Profit was strategically set at the blue line below, within a Discount Zone. This aligns with the assumption that price will seek liquidity in lower regions.
According to my analysis, this pair will retrace the 0.8300 level and fall to 0.82500 area. Good Luck!
Around 0.0560$ is a good entry point but I am not expecting a huge move from RUS:ASTR anytime soon. For now the target of 0.115 is achievable then we have to wait for a good opportunity to buy more.
Beautiful trendline break on $APEUSD. About a month ago, price broke a key high to high trendline and as of right now, price is breaking out of a "flag" pattern. I am averaged in pretty cheap on this one but added on this channel break. Something to take note of is how strong this pullback is. On the weekly, price has broken through its 50% retracement area which Oliver Velez believes is a bearish signal; however, this goes against its bullish position. Nevertheless, it is decision point. Is this the bounce back into bullish position 1 (20 and 200 sloping upwards) or is this a "deadcat" bounce?