The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current channel, which has been intact since September 6, 2024. If the price moves lower, the next key support levels are at $18,669.99 and $17,975.67. A breakdown below these levels could trigger further declines, and the market might follow suit with a broader selloff. These support levels are critical for any potential reversal. Keep a close eye on the resistance and support levels, as the direction here could influence the broader market sentiment in the coming weeks.
We see a triangle with an attempt to break it and further exit behind the ATH update! Given that one of the investors is a subsidiary of XRP, this project could be part of the future of XRP as it is itself implied as a modular blockchain. We're also entrenched above 50 EMA, a 1B+ capitalization and a $1.2 price is just around the corner. Horban Brothers.
On the 4-hour timeframe, the CRYPTOCAP:HBAR coin chart shows several key technical patterns and indicators: - **Symmetrical Triangle Pattern**: Posts on X suggest that CRYPTOCAP:HBAR has been forming a symmetrical triangle, which often indicates a period of consolidation before a significant move. This pattern is characterized by lower highs and higher lows, converging towards a point. - **Bull Flag Formation**: Recent analysis indicates that CRYPTOCAP:HBAR has formed a bull flag, suggesting that after a consolidation phase, the price might break upwards towards new highs. This pattern is typically bullish, indicating potential continuation of the previous uptrend. - **Elliott Wave Analysis**: There's mention of an Elliott Wave triangle potentially breaking out to the upside, with the price possibly extending further. Analysts have pointed out that wave (4) could be complete, with wave (5) aiming for higher levels like $0.472. - **Support and Resistance Levels**: - **Resistance**: The key resistance level to watch is around $0.20, which has been highlighted as significant in the macro chart discussions. - **Support**: If CRYPTOCAP:HBAR falls below $0.275, it might lose its bullish momentum on shorter time frames. A further drop could see support at $0.20, as noted in some posts. - **Momentum Indicators**: The 50 EMA (Exponential Moving Average) is being watched for a potential retest before any significant move, which would be in line with the bull flag pattern. - **Price Targets**: Short to mid-term targets have been set around $0.46, which would represent a 48% increase from current levels, according to some X posts. Other potential targets include $0.472 if wave (5) in Elliott Wave theory holds. - **Current Sentiment**: The community sentiment on X appears bullish, with many users and analysts suggesting that the current patterns indicate a continuation of the uptrend, although with caution about possible short-term corrections or consolidations. In summary, the 4-hour chart of CRYPTOCAP:HBAR indicates a potential bullish continuation with key patterns like the symmetrical triangle and bull flag. However, the price action around support and resistance levels will be crucial for confirming these patterns. Remember, crypto markets are highly volatile, and while these patterns suggest potential moves, they are not guarantees. Always consider broader market conditions and news that could impact sentiment and price.
We are focusing on the 4-hour time frame chart to analyze the potential moves and changes in GBP/CAD price. Based on my bias, I am expecting a sell in the market today. Let's see what kind of opportunity the market provides. It is very important to get confirmation before taking a trade, so always wait for confirmation. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #GBPCAD 4H Technical Analyze Expected Move.
Expect to see a drop with some amount of momentum (ie a pretty quick, but short lived, fast drop). That is going to be the bottom. Once at the bottom, catch it for a nice move up. Things that will confirm the setup: 1. We want to see that expected drop in a quick short fast burst that looks scarily strong--to the point where you might even think it would be crazy to go long with such a strong momentum. 2. When such a strong momentum all of a sudden reverses, we know that the liquidity has been thusly created (ie banks are trying to go long, but need to clear those stops at the bottom). Therefore, once the stops have been cleared, banks are ready to move this pair higher. explanation of stop hunting and creation of liquidity: When large banks need to open a long position, they cannot just enter their entire position or it would push up the prices undesirably. Hence, they wait, patiently. Then, they push the price down to clear those stop losses at those lower levels. As each set of stops are cleared, the bank is buying up those liquidated positions. Then, the real direction comes in as Banks continue to push long with the rest of their planned moves.
Maker is showing really great momentum in the higher timeframes, it is above anchored vwap from may 2021 high and above value area high from jan 2023 to now. If mkr manages to close a weekly candle above $1853 will indicate a possibility to reach the 2024 highs. The target is between fibonacci retracement levels/extension levels and value area high from last bull run. TARGET: $3211 to $3810 up to (+97%)
After long lower trend, it might be time for NASDAQ:CELH to turn around. If above 33 USD (so, not yet confirmed), anyway we will see if it manages to bounce much or it is jut a short bounce. So, risky one here and not advisable.
The US INDEX has closed last weeks weekly candle very bullish after retesting the weekly Trendline break and rebounding from it. With that in mind I’m seeing this weeks weekly candle as a possible bullish candle for end of week, for that scenario to play out we would have to hold 1-4 hr support @ 106.200-106.400. Target for the week 107.300-107.500.. let’s get through this week and see if the bulls keep control going into 2025.
AUD/NZD is rising towards the pivot and could drop to the 1st support which has been identified as a pullback support. Pivot: 1.10909 1st Support: 1.09905 1st Resistance: 1.11517 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
After the HnS play price action seems to still hunt for support Weak price action with bearish delta volume to send price another ~30% Eyeing a 7 - 8 Cent Support zone.