ADA/USDT 1H Analysis: Bullish Momentum in Play On the 1-hour time frame, ADA has just broken out of a bullish pennant pattern, and the price is moving upward. However, there are key levels to monitor if you're holding a long position: Black line: This level represents the Daily Point of Control (POC) and the Weekly Open, making it a critical area to watch for potential resistance. Pink resistance zone: A significant resistance level where price action may slow or reverse. If you're currently long, exercise caution as the price approaches these levels. Confirmation of a breakout beyond these zones could signal further upside potential. Let me know your thoughts and feel free to share your feedback! ?
EUR/CAD 1H chart shows a potential short setup, targeting a bearish continuation. Entry is near 1.48627-1.48876, aligned with the 50% Fibonacci retracement and resistance from the Ichimoku cloud. A stop loss is placed above the 61.8% level at 1.49124, while take profit targets the previous low at 1.48183, offering a favorable 1:2 RRR. Bearish momentum is supported by price trading below the Ichimoku cloud
Key Observations: * Price Movement: META is trading at $631, showing consolidation near the Highest Positive NETGEX / Call Resistance level. * Volume Insights: Moderate volume suggests balanced sentiment between buyers and sellers. GEX Levels: 1. Resistance Levels: * 638.5: Highest Positive NETGEX and a critical resistance level where significant call activity is concentrated. * 645 (2nd Call Wall): A breakout above $638.5 could lead META to test $645. * 650 (3rd Call Wall): Extended target in a bullish scenario. 2. Support Levels: * 625: Immediate support; a breach could push META toward the lower levels. * 620: Key Put Support, expected to provide a strong cushion. Options Oscillator Insights: * IVR (Implied Volatility Rank): 8.1 – Low implied volatility rank indicates that options are relatively inexpensive, suitable for buyers. * IVx (Implied Volatility Average): 30.4% – Moderate volatility, reflecting potential price movement in the short term. * Call %: 37.8% – Bullish sentiment, with calls slightly outweighing puts. Trade Recommendations: 1. Bullish Setup: * Trade: Buy META $640 Call expiring December 22, 2024. * Target: $645–$650. * Stop Loss: Below $625. 2. Bearish Setup: * Trade: Buy META $620 Put expiring December 22, 2024. * Target: $620 or lower. * Stop Loss: Above $638.5. Conclusion: META is positioned at a critical juncture, with the GEX and Options Oscillator indicating potential for either a breakout above $638.5 or a pullback to test support at $625. Traders can leverage these levels for high-probability setups. Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! https://www.tradingview.com/?aff_id=109100
? Hey Traders! ? If you're ready to capitalize on premium trade setups, hit that ? and follow us for more high-value insights that deliver results! ?? ? Technical Overview ? OM is looking exceptionally bullish! It has broken out of a bull flag pattern on the 8-hour time frame and is currently retesting the flag—a prime accumulation zone. This setup hints at explosive upside potential. Here’s the play: ? Entry Zone: $4.00–$4.20 ? Target: 150–200% gains ?️ Stop-Loss: $3.62 ? Fundamental Analysis: What is OM? OM is the native token of the MANTRA DAO ecosystem, a decentralized finance (DeFi) platform focused on staking, lending, and governance. It empowers users to actively participate in the project while earning rewards. Key Growth Drivers DeFi Adoption: OM is positioned as a key player in the growing DeFi space, with increasing traction. Utility Expansion: The token is used for governance, staking, and liquidity mining, creating constant demand. Strong Community Support: Backed by a loyal community, OM continues to innovate and grow its ecosystem. ? The Opportunity OM is not just a technical setup—it’s a fundamentally sound project with strong growth potential. This is your chance to accumulate before the market catches on. ? Your Take? Do you see the same upside potential? Drop your analysis and strategies in the comments below—let’s collaborate and ride this wave together! ?? ? Follow us for more market-winning trade setups and real-time updates!
TIA is on fire after wave 4 and looks like it will go for a good move above $11.00 . All profit taking points are marked.
Key Observations: * Price Movement: MSFT is currently trading at $448.40, testing resistance levels near $450, while support lies around $445. * Volume Insights: Volume has been relatively steady but shows spikes near critical levels, indicating institutional activity. GEX Levels and Interpretation: 1. Resistance Levels: * 450 (Highest Positive NETGEX/Call Resistance): This represents the strongest call resistance and may act as a cap unless significant buying pressure occurs. * 455 (2nd Call Wall): A breakout above $450 could lead to testing this level, with moderate resistance at $455. 2. Support Levels: * 445: Key immediate support; a breach below could drive MSFT toward lower support zones. * 440 (Put Support): A critical level supported by significant put flow, likely to cushion further downside moves. Options Oscillator Insights: * IVR (Implied Volatility Rank): 7 – Implied volatility is extremely low, indicating cheap options. Suitable for buying strategies rather than selling. * IVx (Implied Volatility Average): 19.9% – Reflects moderate volatility expectations. * Call %: 41.9% – Indicates a moderately bullish sentiment, with calls being favored slightly over puts. Options Trade Recommendation: 1. Bullish Scenario: * Trade Setup: Buy MSFT $450 Call expiring December 22, 2024. * Target Levels: Look for a breakout to $455. * Risk Management: Stop-loss at $445. 2. Bearish Scenario: * Trade Setup: Buy MSFT $440 Put expiring December 22, 2024. * Target Levels: Breakdown to $440 or below. * Risk Management: Stop-loss above $450. Conclusion: MSFT is consolidating near key resistance, with a breakout above $450 signaling bullish momentum. The Options Oscillator suggests low implied volatility, making it favorable for directional trades. Both bullish and bearish opportunities exist depending on price action around critical GEX levels. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always trade based on your risk tolerance and consult with a financial advisor.
AI is looking bullish &it should continue HH HL structure on daily till the purple box. This is price action and targets should be $61ish. Let me know if you have any questions
https://www.tradingview.com/chart/dTXDAtz3/?symbol=XETR%3ADB1
https://de.tradingview.com/chart/dTXDAtz3/?symbol=XETR%3AMRK