I'm very bullish on ENSUSD and think the RSI on this Monthly timeframe will extend into the overbought zone. This is when I suggest a sell is a good idea on a Monthly timeframe. I think its more likely that the RSI will extend upwards rather than move downwards during this strong bull market, even on the Monthly timeframe
The price has recently pulled back to the daily Area of Interest (AOI), creating a potential opportunity for trading. I am currently on the lookout for a Sign of a Shift Of Structure(SOS) on the 30-minute and 1-hour chart, which would indicate a bullish momentum shift. Once I observe this signal, my next step will be to wait for a pullback to a previous structure point, as this can serve as confirmation for the trade setup. Overall, the trade is progressing in a favorable direction. Additionally, it's worth noting that there is significant economic news scheduled for release tomorrow at 8:30 AM ET, specifically regarding USD pairs. This news has the potential to influence the Euro as well, so it's crucial to keep this in mind as we approach that timeframe. Above all, I want to emphasize the importance of patience in trading. It's essential to avoid rushing into positions; successful trading is about waiting for clear confirmation before making any entries, rather than acting on impulse.
https://www.tradingview.com/x/Mh0SLF06/ . New levels for tomorrow. blue boxes are retracements/pivots and grey boxes are targets for the day.
Trump Media ( NASDAQ:DJT ) retraced to the 61.8 fib level and is poised to run up into the inauguration. This could be a 100% gain? Also if there is any other news about acquiring a crypto related company or asset, that could be the catalyst to higher prices. This is purely a speculative play. The company does not currently have great fundamentals.
Trend is bullish with no bearish divergence. Indicating continuation of trend.
Blue Origin says it’s on track to launch its towering New Glenn vehicle before the year’s end, though the company is still awaiting regulatory approval to conduct a final key test of the massive rocket. That test, called a “hot fire,” involves powering up all seven of the first stage’s BE-4 engines and firing them […] © 2024 TechCrunch. All rights reserved. For personal use only.
This is not financial advice, but BTC does look very good in my eyes. Lots of news about Microsoft adding btc to balance sheet. Michael Sailor buying more BTC this week. This is crazy to say but if BTC falls into both CME GAPS before the end of month , its only to enter microsoft at better price before BTC moved up to new highs in 2025. I do not see a new HIGH THIS year. We topped out until next year in my opinion.
Hello friends, the market situation is very beautiful and clean, I remind you that in my previous idea, I predicted the market to fall, and the market continued in the same situation, and in the current situation, I was waiting for the market to confirm, the market broke the very strong reversal demand zone. and now it has created a retest situation and I decided to enter the market from this point with a sell position
https://www.tradingview.com/chart/BONKUSDT/GVKtVpMr-BONK-Forming-Market-Structure/ Looking at our previous post we were identifying the red box as a key level of liquidity for BONK. It was a previous level of old resistance flipped into a new level of support. We just had a flash crash today across the board for alts so how did this affect BONK? Well actually it might've given bonk the liquidity need to start its next leg! See we did deviate below our range (red box) but after testing the 0.618 and also the key yellow line around $0.000034 (weekly candle bodies) we have seen massive demand. So far price has moved back up almost 20% from the lows! If we can reclaim the red box around $0.00004 and continue to close weekly candles above that box then this will be the bottom for the next leg.
This one is way oversold. People got wrecked. Now is when you buy, not when the price is high! Not financial advice. I just grabbed 13,000 shares. DYOR.