XAUUSD, GOLD, Dec #4 week: We clearly see a trading range, I have simply shown the border zones and you can trade based on breaking and retesting each side. wait for clear break in 30 min-4 H and then trade in the retest in 5 min based on ChoCH. Simple, easy, but effective.
In this idea, you will see me fishing for the Fib extension 1.618 - Wave 3 of MYRO. What makes me think this might happen: 1. Wave 2 kissed exactly the fib 0.618 retracement 2. Wave 2 underwent a triangle corrective wave, meaning it was (relatively) long in time, but consolidating for a much higher move up, respecting the triangle rules for corrective waves. 3. Other indicators, like Stochastic and MACD which are telling me that MYRO is oversold and are about to give BUY signal. What makes me doubt this move: 1. The bottom is yet to be confirmed. A breakout from the triangle has to happen in order for a BUY signal to be given. I'm just trying to fish for an early signal. 2. RSI could have been better and show a bullish divergence on the lows, but it is yet to do that. Remember, I've also included the Fib trends, meaning this move is expected to happen anywhere between early February to mid April. MYRO is a MEME coin. Meaning it should have the required volatility and potential to make this move (around 22k%). Is not considered a large cap, meaning, not too much capital has to go into ito to make this move. The analysis is INVALIDATED, once it breaks down the LOW at 0.0563 ! Not a financial advice, do your own research. I've been studying Elliott Waves lately, and found it impressive, so I'm trying to practice the theory.
Fartcoin is trading within an ascending channel, showing a steady bullish structure. The price is currently near the fair value gap (FVG), which could act as a support zone for a potential retest before continuing upward. A breakout above the channel's resistance may lead to a strong rally, targeting higher levels.
New chart updated by me New parallel channel is shown this candle is so important if breaking up the channel so bitcoin grows up and if can't breaks channel and comes down to the midline then Altcoins grows up.
1. On the left, there is an uptrend, with continuously higher highs and higher lows. 2. The higher lows on December 20 were broken, forming lower lows. On December 24, support was once again found at this level. 3. In the rebound trend, the key resistance zone is between 102450 and 103550. If this range is not broken, a lower high will form. Bearish positions are at 92230-92320 and below at 85230. 4. If the key resistance zone of 102450-103550 is broken, there is a possibility of making new highs.
OKX:TONUSDT has shown impressive resilience with a strong bounce off a major support level. This positive price action is further reinforced by a breakout from a prevailing trendline, accompanied by robust trading volume. These technical indicators suggest a potential for significant upward movement in the near future. While the outlook is bullish, it's crucial to manage risk effectively by implementing appropriate stop-loss orders to protect your investment. OKX:TONUSDT Currently trading at $6 Buy level: Above $6 Stop loss: Below $5 Target : $12 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
I think there's going to be a major stock market crash now. I drew a Schiff Pitchfork connecting the peak and bottom of the 2008 subprime mortgage crash to the peak of Covid-19. Why? I'm looking at the geometry of how the stock market reacts to large systemic human problems. Notice that SPX is now overbought in exactly the same region as the 2000 dot com bubble crash. What is this thing I'm calling the "Stock Buyback Crash"? Well without getting too political, the name of the game in Capitalism in exploitation and grift. You can only pay your employees shit, fire huge percentages of your employees, and buy back your own stock to inflate your stock prices for so long before the game of chicken is up. Corporations haven't been reinvesting their surplus capital into improving their businesses. No, they've been artificially inflating their stock prices to get those sweet executive bonuses. Well, the bubble's about to burst. This whole system is a grift. I can highly recommend reading the book called 'Understanding Capitalism' by Richard Wolff. https://www.tradingview.com/x/JmJ0kUpE/
?? What’s Next for XRP? Let’s Analyze! Key Levels to Watch ? Resistance: $2.40 (0.786 Fibonacci): Immediate resistance. A breakout above this could target higher levels like $2.65–$2.93. $2.93 (1.0 Fibonacci Extension): The swing high and ultimate bullish target for continuation. $3.00: Psychological level ? Support: $2.06–$2.00 (0.618 Fibonacci): Critical and support zone. A breakdown here could start a fall towards $1.68 (0.5 Fibonacci). $1.98 (Psychological Level): Aligns with prior rejections and forms the lower consolidation boundary.| Current Observations ? Trend Overview: Price is consolidating between 0.618 ($2.00) and 0.786 ($2.40) Fibonacci levels. EMAs reflect indecision: Price is sandwiched between the 20 EMA (orange) and 50 EMA (blue), but 100 EMA and 200 EMA are sloping upward, indicating a bullish trend on higher timeframes. ? Indicators: RSI: Neutral (~50), signaling no strong momentum yet. Watch for a breakout above 60 for bullish confirmation or below 40 for bearish momentum. Volume: Decreasing during consolidation, signaling potential buildup for a larger move. Trade Scenarios ? Bullish Setup: Entry: On breakout above $2.40 with strong volume. Stop-Loss: Below $2.30 (to avoid false breakouts). Take-Profit: First target: $2.65 Second target: $2.93 ? Bearish Setup: Entry: On breakdown below $2.00 (0.618 Fibonacci). Stop-Loss: Above $2.10. Take-Profit: First target: $1.68 (0.5 Fibonacci). Second target: $1.39 (0.382 Fibonacci). Summary XRP is currnelty consolidating. Bulls need a breakout above $2.40 for further grow to $3.00, while bears could take over, if the price breaks below $2.00. P.s. Whales are buying XRP: 25.12.2024 - price is 2.29 and 5.07B buying. vs 03.12.2024 - price is 2.87 and approx. 4.67B buying. Are you bullish or bearish on XRP? Share your vision in comments ;)
Bitcoin in 3 month time frame, candle will be closed in few days, and just look at the clear break-out of the 69k resistance. dont you expect to continue the rally in couple of months? I believe so..
- 4H swing is bearish => Currently is pullback. - M15 swing is bullish. We can look for buying opportunities up to the supply zone of the 4 hour frame. Then if the 15 minute frame gives a bearish reversal signal we can sell down.