I entered long EURUSD last week. EURUSD appears to be on uptrend for the time being, for multiple reasons. - Flat ABC correction pattern formed (Elliott wave) - Spring formed (Wycoff) - Cycle bottomed - Another Fed rate cut is likely on the way (based on the job report last Friday)
This week, I anticipate the DXY to retrace before continuing its recent bearish trend. Since reaching the weekly supply level, the price has consistently formed lower lows and lower highs. This bearish momentum aligns with the bullish trends seen in pairs like GBP/USD and EUR/USD, which I use as additional confluence. I’ll be watching for the price to retrace to around 106.400, a key area for potential sell opportunities on the dollar. This level aligns well with points of interest (POIs) in my other forex pairs, adding further confidence to this setup. Note: As we approach the final month of the quarter and year, market conditions may become less predictable due to lower volume. Stay alert, but manage expectations accordingly. Stay vigilant, and trade safe!
Ondo is a US based crypto currency. With Trump administration US based coins will be big. Ondo might retest support then go for big move
Bullish three rising valleys spotted after a 60% drop from its all-time high on Nov 14. Since it is meme season I would not even be surprised if it gets to $1, but to keep traditional targets I would say a 50% rise to get back to the all-time high is reasonable from the breakout. S-coin Rug pull Percentage: 5% New ATHs: 95%
ETH maybe late to the party but will surely shock you soon, Long and strong! CRYPTO:ETHUSD
WhiteHorse Finance Inc. | Chart & Forecast Summary Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # WhiteHorse Finance Inc. - Double Formation * A+ Set Up | Downtrend Continuation | Subdivision 1 * Retracement | 0, 50 & 1 - Triple Formation * Pennant Structure At 12.40 | Subdivision 2 * 012345 | Wave 3 Ongoing * Top | Bottom Structure | Hypothesis | Short Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Like this chart and want to own. Wait for me...lolol New money incoming. This is a monthly chart. The volatility is impressive. Nice action
A straightforward summary of my observations: I’m focusing on the upper part of the green box, where buyers have consistently stepped in with strength. The most recent dip into this area occurred the day before Thanksgiving during a market sell-off. Here’s a simplified list of factors that I believe will contribute to Nvidia underperforming its Mag 7 peers: - Overstretched valuation, trading near all-time highs while competitors like AMD and Intel have seen significant declines. -Ongoing supply chain issues and tariff-related pressures. -Slowing growth in expansion and revenue. -Google emerging as a strong competitor in AI-training chips, challenging Nvidia's TSU ambitions. -A highly extended market overall, increasing the chances of profit-taking and weakened buyer momentum.
Short-Term Technical Analysis: Gold is consolidating near $2,645_48, and the short-term momentum will likely depend on breaking key levels of resistance and support. Resistance : Around $2,660-$2,670, which could be tested if bullish momentum persists. Support: $2,620, which may act as a cushion if prices decline Market Sentiment : Strength in the US Dollar and elevated Treasury yields are capping gold's upward movement. However, geopolitical tensions provide support, maintaining gold's safe-haven appeal. Today, a balance between these opposing forces could result in range-bound trading with a slight bullish bias Prediction for Today: Gold is likely to trade between $2,620 and $2,660 for the day. If the price breaks above $2,660, it could climb to $2,670. Conversely, failure to hold above $2,640 could see it retest $2,620. Disclaimer: This forecast is not financial advice. Always consult a financial professional before making trading decisions.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (XRPUSDT 1D chart) https://www.tradingview.com/x/06h4Kofy/ I think that coins (tokens) that are renewing their ATH are in a virtually unpredictable range. However, it is only possible to roughly predict support and resistance points based on the movements of indicators generated by price movements or Fibonacci ratios. - https://www.tradingview.com/x/Gn9hSK2b/ The Fibonacci ratio currently displayed on the chart is drawn using Trend-Based Fib Extension. The selected point is marked with X. The final point of the Fibonacci ratio drawn this way is 3.618 (3.2983). After that, you need to draw it again using a different wave. - However, when the price falls while making waves, you need to think about a response plan by checking whether there is support from the movement of indicators such as BW(100), HA-High, BW(0), HA-Low, M-Signal (1M, 1W, 1D charts). HA-High, BW(100) indicators indicate high point ranges, so if the price is maintained above the 2.218-2.5102 range, it means that it is in the high point range. Therefore, if the price is maintained in this high point range, it is highly likely to lead to an additional rise. If it fails to do so and falls, it is highly likely that a downtrend will eventually begin. - Even though the price has risen, the StochRSI indicator is in the oversold range. Therefore, when the StochRSI indicator rises in the oversold range and becomes StochRSI > StochRSI EMA, if it is supported near the high point range (2.218-2.5102), it is expected to rise near the Fibonacci ratio 3.618 (3.2983). At this time, the BW indicator should be maintained above the 50 point. - When the M-Signal indicator of the 1D chart rises to around 2.2181, if XRP falls, there is a possibility that it will touch the M-Signal indicator of the 1W chart, so you should think about a response plan for this. - Have a good time. Thank you. -------------------------------------------------- - Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) https://www.tradingview.com/x/YtZx6YSG/ Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - https://www.tradingview.com/x/zTnWN2r7/ The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------