Selling opportunity for gold at the upper end of the range, likely experiencing a false breakout. I am expecting the price to revert back into the range.
TAL: the long way up ahead -Quasimodo pattern. -Bull flag pattern. -key level support. -Vol and spead logical price action. . More plans at US STOCKS- WALL STREET DREAM
#OM vs. #SOL comparison ? Remember what CRYPTOCAP:SOL did after it smashed through $5? It went absolutely parabolic ? NASDAQ:OM is now where CRYPTOCAP:SOL was back in 2021. Just wait for NASDAQ:OM to step fully into the Bullish Territory ??
Lower highs Supply Covid rejections 1.8 MQP Nzd strength Short bias
Descending wedge broke out last week and i expect price to continue to rise throughout this week to the resistance above. There was abit of consolidaiton at the now broken resistance level so hopefully it should be smooth sailing upwards frpm there! let me know what you think! Comments and/or suggestions highly appreciated :)
Current Market Structure * SPY is moving within an ascending channel, with higher highs and higher lows. * The price is currently consolidating just below the key resistance level of $609.07, indicating indecision. * The MACD indicator is flat, with a potential crossover, suggesting a possible breakout or breakdown in the near term. Key Levels to Watch 1. Resistance: * $609.07: The recent swing high. * $610.50: Psychological and technical resistance above. 2. Support: * $607.00: Near-term support at the ascending trendline. * $605.72: Strong horizontal support, aligning with the base of the channel. Technical Indicators * 9 EMA: The price is hovering near the EMA, suggesting indecision. A close above this could trigger bullish momentum. * MACD: Neutral, but any crossover above the signal line would support a bullish breakout. * Volume: Volume remains low during the consolidation phase, so watch for a spike to confirm any breakout. Price Action Scenarios 1. Bullish Scenario: * If SPY breaks above $609.07 with strong volume, the next targets are $610.50 and $612.00. * Entry: Buy at the break of $609.50. * Stop Loss: $607.00. * Take Profit: Scale out at $610.50 and $612.00. 2. Bearish Scenario: * If SPY breaks below $605.72, the next targets are $604.00 and $602.50. * Entry: Sell at the break of $605.50. * Stop Loss: $607.50. * Take Profit: Scale out at $604.00 and $602.50. Trading Plan 1. Scalping: * Focus on breakouts above resistance or below support with tight stop losses. * Monitor volume and MACD for confirmation of momentum. 2. Swing Trading: * Buy on retests of $607.00 if the price confirms the support level. * Short if the price breaks and retests $605.72. Thoughts * The current consolidation suggests a potential breakout is imminent. Pay close attention to volume and how SPY reacts to $609.07 and $605.72. * With MACD neutral, confirmation through price action and volume is essential before entering trades.
Kalyan : Trendline breakout and resistance breakout in progress Looks good above 790
2024 NASDAQ:OM feels a lot like 2021 CRYPTOCAP:SOL ? The difference? NASDAQ:OM is riding the Real-World Asset (RWA) wave—targeting a FWB:16T market with institutional partnerships and a compliant Layer-1 infrastructure. Missed CRYPTOCAP:SOL back then? This could be your second chance!? #MANTRA #Solana #NFA
If no one sells this might not go as bearish as it will be/is. This is a chance to re buy in remember there are many folk wanting it waiting for these dips… unlike last runs. People are accumulating like never before and crypto is the most volatile market we have. Don’t assume anything expect anything and don’t be upset if the market drops by tomorrow morning and you didn’t sell.. I haven’t sold in years I have swapped but. So I’ve made gains there. Still follow your instinct. Do your own research always before executing buy or sell orders and of not swapping out but on market always make it a limit order where you place the price to buy being just below the current price or the price you see technicals showing it will or might dip to.. try not market buy unless you are a well versed trader it’s one of the BIGGEST MISTAKES new crypto traders do. Where FX traders often learn alot more same as stock traders before they start trading but crypto can be done ANYWHERE. Same with stocks and FX but crypto is different people can and do gift it every day. It’s something you can earn and then own as an asset of some kind depending where you live. Anyways what you think will happen come tomorrow morning or this time tomorrow? What about in 7 days? Let’s stay on topic and post positive comments that can help us all learn to destroy the stock market for our gains together!
NASDAQ:OM has been on fire lately, and these price levels look solid right now. ? Keep an eye on the chart—you might catch a good chance to DCA in if needed. Longing NASDAQ:OM here, expecting it to surge back to new highs. Held strong through the market fluctuations — NASDAQ:OM is built to last. #MANTRA #Binance #DeFi #RWA #Blockchain