SAI is currently establishing a robust bullish structure, indicating a positive trend in its price movement. The recent pullback in the market is perceived as a higher low, which is a key indicator for traders that the asset may be poised for another upward movement. This kind of price action often suggests that buyers are stepping in at this level, creating an ideal opportunity for accumulation. Investors who identify this setup may view it as a strategic entry point, anticipating that the price will rebound and continue to rise. With a current market capitalization of only $6.89 million, SAI is relatively small compared to other projects in the AI sector. This limited size presents significant growth potential, as smaller market caps often have more room to expand. A target of 10x gain appears realistic, given the bullish sentiment and the growing interest in AI technologies. As the market continues to evolve, SAI might attract more investors, leading to increased demand and a potential surge in its value.
Crypto Total Market Cap (Excluding BTC & ETH) - TOTAL3 Analysis The TOTAL3 market cap is currently moving within a descending channel pattern. After testing the lower boundary, the market is showing signs of recovery, trading at $986.21B, with a notable +2.71% increase. Channel Formation: The price action respects the descending channel boundaries, creating potential swing trading opportunities. Potential Reversal: The recent bounce near the lower boundary suggests a possible attempt to break the midline or test the upper resistance of the channel. Watch Levels: A break above the upper trendline could signal a bullish breakout, targeting $1.1T, while failure to hold current levels may lead to retesting the lower boundary around $900B.
As bitcoin is moving inside this raising channel , after it broke the middle trendline to the upside now its back testing that. more likely another leg to the upside coming soon..
Post 100k offered temporary and limited upside (108k) near term as TREND B5 provided strong resistance to be followed by a strong decline in price. Respect the trend. TREND A6 suggests the bottom of the current price range to be around 95k. TREND A6 has proven to provide strong support as holiday season is upon us. Can we be heading into another Christmas rally? Seems so. To all a happy holiday and a Merry Christmas. Enjoy the gift.
I called this date months ago. this will be the final bottom before the 2024 cycle ends
The SPY will start going up and continue into the New Year for about 14 days which has been the average upward movement in the past few months. I typically use Heikin Ashi Candlesticks as they show more of a directional move as opposed to regular candles. However, since I have used regular candles in the past, I tend to switch back and forth until I get more comfortable with the Heinkin Ashi Candlesticks. You can see my past posts on why I favour the Heinkin Ashi Candlesticks. Typically, you are only supposed to enter after you see 2 green candlesticks of the Heikin Ashi Candlesticks. In the past, there has been an average move of 34 points on the SPY which would make the target point of 614. (There has been an extreme move of 53 points, but I think that is unlikely. That would make the target equal to 633. But that is an extreme point not a likely point.) The Fibonacci number of 1.618 is 624. This is a good second target point. My time target is about a 12 to 14 day move. This would make Jan 9th the time target. If the SPY hits any one of those targets I am out of my trade. Happy Trading!! In the last few days of the month of January or beginning of February, I suspect the market will start to head lower for that one month. But I will address that in my next chart. The market can always change between now and then. Summary: 34 point move= 614 1.618 fib move=624 12 day move = Jan 9th **can be an extreme move of 53 points, but unlikely= 633 There is an online trading conference/summit I try to attend every 3 to 4 months where I have gotten some of my ideas from. The next one is from Jan 13th - 18th called Wealth365 You can register for the event at https://www.wealth365.com/
The idea was made a long time ago, and I forgot to post it, but we can see how it's being realized in the medium term
I called this date months ago. this will be the final bottom before the 2024 cycle ends
Starting it will want to fill some orders at the fair value gap (purple rectangle) at the top before dropping, but since that level i so high i i am not sure at all it will go there first. Then we see a huge fair value gap ranging from FWB:73K to $90K, massive lack of liquidity. And market can’t have that if the idea is for it to reach even bigger ATH’s. Under that FVG you can se several Liquidity lines (4 to be exact) laying before another FVG and liquidity spot comes again. So we see that market really needs to draw down there before acceding up. Red circle marks an order block (Price range where orders where filled) so we see that liquidity has previously been filled at that level so that supports my theory even greater that market is looking to drop down to that area. There are way to much liquidity missing there and liquidity to get under there again for market to go further up then were it is standing as off now. Hope you understood my POV, would extremely appreciate just a thumbs up or down! New to this.
Today December 24,2024 the technical analysis of gold Against the us dollar regarding a potential buy opportunity . Technical analysis : .Resistance Level: Analysts identify key resistance at 2633 ,A breaks above this level could go further upward movement up to 2645-2660. .Support Levels : Support is noted around 2600-2590. Technical analysis indicates a Bullish trend for Gold , must share your ideas about my chart ,Like ,comment, and follow for more accurate updates and insights .