The Nasdaq-100 has recovered a significant portion of its sharp selloff following Bernanke's comments. However, the current rebound clearly appears to be a bullish retracement within a broader, multi-week bearish correction . Our indicators signal an imminent reversal, which would be confirmed by a 90-minute intraday close below 21,650 . As is often the case in downturns, t he generals are the last to fall on the battleground . Stocks like AVGO and AAPL remain near their highs but are showing clear signs of exhaustion. Meanwhile, non-tech and European equities have already reversed course and have been trending lower for some time. Notably, European indices have reached their expected bullish correction levels, further reinforcing our bearish outlook for the US tech sector. We anticipate a sharp decline for the NDX, targeting the 20,314–20,419 range (central target of 20,348) over the coming days or weeks. In terms of timing, January 7–8 stands out as a potential inflection point for at least a multi-day bullish correction. https://www.tradingview.com/x/bfFo4uZu/ https://www.tradingview.com/x/bXt7HvZr/ https://www.tradingview.com/x/YeLoLI0g/ AVGO, AAPL among other tech leaders are showing clear signs of bullish trend exhaustion
Price already broke resistance level, now we waiting for retest it and bounce, then open long, to previous high tp
Hello Dear traders long term target for up cycle could be 0.000804 Important Support and Buy zone 0.000178 More Details: This is a 1-hour chart of **SOON/USDT** on Gate.io, utilizing Gann square levels and angles to predict potential price movements and key support/resistance zones. --- ### **Key Observations:** #### **1. Price Levels:** The chart uses **Gann Degree Levels** to pinpoint key areas of support and resistance: - **0° = 0.00007000 USDT**: Foundational support; likely the strongest bottom. - **45° = 0.00011800 USDT**: Immediate support. - **90° = 0.00017800 USDT**: Current minor support, acting as a pivot level. - **135° = 0.00025100 USDT**: Resistance zone if the price pushes upwards. - **180° = 0.00033700 USDT**: Major resistance in a bullish move. - **225° = 0.00043500 USDT**: Secondary resistance on a rally. - **270° = 0.00054500 USDT**: Key upper target for the short term. - **360° = 0.00080400 USDT**: Long-term bullish target. --- #### **2. Price Action:** - **Current Price:** 0.00020856 USDT (slightly down by 0.018%). - Price is consolidating near **90° (0.00017800 USDT)**, showing potential accumulation. - The rejection from higher Gann levels (135° or above) and multiple failed breakouts indicate bearish pressure but with limited downside risk near strong support levels. --- ### **Possible Scenarios:** #### **Bullish Scenario:** - **Trigger:** A breakout above **135° (0.00025100 USDT)** with strong volume. - **Targets:** - **First Target:** 180° (0.00033700 USDT). - **Second Target:** 225° (0.00043500 USDT). - **Ultimate Bullish Target:** 360° (0.00080400 USDT) in case of sustained bullish momentum. #### **Bearish Scenario:** - **Trigger:** A breakdown below **90° (0.00017800 USDT)** with follow-through. - **Targets:** - **First Target:** 45° (0.00011800 USDT). - **Final Support:** 0° (0.00007000 USDT). --- ### **Time Cycle Analysis:** Using the Gann square grid, key time zones are highlighted: - **28 Dec 2024:** Price action likely aligns with major support/resistance tests. - **30 Dec 2024:** Potential reversal or continuation zone based on trend. - **2 Jan 2025:** Another significant Date Marks important reversal --- ### **Trade Setup:** #### **For Buyers:** - Look for sustained breaks above **0.00025100 USDT (135°)**. - Place stop-loss under **0.00017800 USDT (90°)**. - Targets: **0.00033700 USDT (180°)** and **0.00043500 USDT (225°)**. #### **For Sellers:** - Short if price decisively breaks below **0.00017800 USDT (90°)**. - Stop-loss near **0.00025100 USDT (135°)**. - Targets: **0.00011800 USDT (45°)** and **0.00007000 USDT (0°)**. --- ### **Conclusion:** This Gann analysis highlights clear levels and time-based decision zones for Soon/USDT. The next few trading days, particularly leading into the new year, will be critical to determining whether it continues its consolidation or breaks into a trending move. --- Feel free to share your thoughts and let me know your analysis in the comments! ?
Hi guys, moving on to our next opportunity USD/JPY , the pair has ben moving up quite a lot recently as we have seen by the Dollar Index that the dollar is siting in a very healthy strong corner. And on the other end the BoJ did not increase the Interest Rates in their last meeting that happened recently, so hence we have seen the weak JPY. Currently the pair went up a lot and i am looking into a short term correction. Entry: 157.753 Target: 156.879 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Here's a summary of your trade plan for BTC/USD: Trade Plan 1. _Target_: $95,000 2. _Entry Point_: $96,300 3. _Stop Loss_: $97,100 Your plan indicates a bearish outlook, expecting the Bitcoin price to drop from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, regulatory updates, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current BTC/USD market data, analysis, or insights?
Moodeng/USDT has successfully broken above the descending resistance line and is moving upward, supported by the rising trendline. If the price breaks above the marked resistance zone and secures a proper closing, it could trigger a significant upward move.
https://www.tradingview.com/x/u4IBJqzi/ The recent price action on the AUDCHF pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
SentinelOne - Cybersecurity will comeback All on chart Only an idea.
Gold continues to move in a range between 2,600 and 2,700 dollars. The price is currently back at the lower end of this sliding zone. We therefore assume that the gold price will develop positively in the short term up to around USD 2,640.
Since the light green wave 2’s low at $133.18, Solana has been working on wave 3, which should develop via a green five-wave substructure. Currently, the internal wave correction should still be in progress, as no significant upward impulses have emerged thus far. Accordingly, we anticipate further declines, but the price should transition into the subsequent green wave above the support at $133.18. If the coin falls below this key level, our 30% likely alternative wave count will come into play. On the other hand, Solana has already tested important levels during wave , so we cannot rule out an immediate rally above the resistance at $264.32.