is attempting a rebound after recent downward pressure, but the path forward remains uncertain. This trading plan focuses on key levels, price action insights, and potential trade setups for both scalping and swing trading. Market Structure & Price Action: * Recent Trend: NVDA recently broke out of a descending channel on the 1-hour timeframe, signaling potential short-term recovery. The price currently hovers around $138, near the top of the previous resistance zone. * Liquidity Zones: * Buyers defended the $132 region, forming a demand zone. * Liquidity is visible around $140–$142, which could act as a supply zone. * Volume Analysis: Recent bullish candles showed increasing volume, supporting the breakout; however, Friday's close saw declining volume, indicating potential hesitation. Key Levels: 1. Resistance Zones: * $140–$142: Immediate resistance zone where sellers may step in. * $144–$146: A stronger supply zone, aligning with prior consolidation. 2. Support Zones: * $136–$137: First support where bulls may defend. * $132: Critical demand zone and recent swing low. Indicators: * MACD (1-hour): Bullish crossover supports upward momentum, but the histogram is flattening, signaling weakening momentum. * Volume: Watch for increasing volume to confirm a breakout above $140 or a breakdown below $136. Trade Ideas: 1. Scalping Setup: * Entry: Long above $138.50 with confirmation (higher volume or strong bullish candles). * Target: $140–$141 (supply zone). * Stop-Loss: Below $137. * Scenario: If rejected at $140, consider a short position targeting $137. 2. Swing Trading Setup: * Bullish Case: * Entry: On a confirmed breakout above $142. * Target 1: $146. * Target 2: $150 (psychological level). * Stop-Loss: Below $140. * Bearish Case: * Entry: Short below $136. * Target 1: $132. * Target 2: $128. * Stop-Loss: Above $137. Game Plan for the Week: 1. Monitor price action around the $138–$140 zone for early signs of strength or weakness. 2. Use lower timeframes (5-min, 15-min) to refine scalping entries based on volume and candles. 3. Be cautious of false breakouts, particularly with NVIDIA's high beta nature. 4. Pay attention to broader market conditions (QQQ movement), as they heavily influence NVDA. Thoughts & Outlook: NVIDIA is in a critical zone. While the breakout from the descending channel suggests bullish momentum, rejection at resistance could lead to a retest of the demand zone around $132. Traders should approach with discipline and wait for clear setups before committing to positions. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please do your own research before making any trading decisions. Trading involves significant risk.
So far, the upward momentum for Bitcoin remains robust, largely driven by favorable political developments in the United States that positively impact the cryptocurrency market. It is likely that the bullish trend will continue to strengthen, especially with the impending arrival of the altcoin season. As long as the support level remains intact, we can expect this upward trajectory to persist. Target Price 1: 118,620 Target Price 2: 134,848 Support Level: 86,164 Wishing you success! MRHPx from CRACKadabra
NASDAQ:MU : OUTLOOK Buying NASDAQ:MU tomorrow at market open for a long-term position ? Holding for about a year! ? LIKE & FOLLOW for more updates!
15M strategy coming together, couple test trades worked out nicely, 11R trade at max point(would never have TP'd there but, still a 8R at current) - forgot to put on the first TP so just manually did it then. would have normally taken some at about the 3.5R and the 7.5R looking at the chart now and the resistances at those levels
Curious name... The candle 11-Nov. has the highest volume of all candles and it closed green. The action is happening daily above MA200. MERLUSDT (Merlin Chain) is now bullish. I don't want to annoy you with too many details... We have a 282% target short-term and a 535% bullish wave. The numbers can be seen on the chart. Let's see how it goes... Will it move fast? Will it move next? Or, are we going to be left holding the pair with a long wait? Patience is key. The chart is pointing up. Define support and resistance levels, secure a great entry —the market takes care of the rest. Thank you for reading. Namaste.
As promised, startup accelerator Y Combinator’s imminent Demo Day will be happening in person. In fact, YC seems to have kicked off the IRL return of Demo Day at the end of the long Thanksgiving weekend, with an in-person Alumni Demo Day on Sunday for the Fall 2024 class of startups. Squad founder (and later […] © 2024 TechCrunch. All rights reserved. For personal use only.
China entdeckt Goldreserven im Wert von 83 Milliarden Dollar in Hunan China hat in der Provinz Hunan Goldreserven im Wert von rund 82,9 Milliarden Dollar (600 Milliarden Yuan) entdeckt, so das staatliche Medienunternehmen Xinhua. Diese Entdeckung festigt Chinas Position als weltgrößter Goldproduzent und wird 2023 rund 10 % zur weltweiten Produktion beitragen. Die Reserven im Kreis Pingjiang umfassen über 40 Golderzadern in einer Tiefe von 2.000 Metern mit einer Kernressource von 300,2 Tonnen und Gehalten von bis zu 138 Gramm pro Tonne. Experten prognostizieren Reserven von mehr als 1.000 Tonnen in größeren Tiefen. Trotz seiner beträchtlichen Produktionskapazität bleibt China ein Nettoimporteur von Gold, um die Inlandsnachfrage zu decken, wobei der Verbrauch in den ersten drei Quartalen 2023 die Produktion bei weitem übersteigt. Die Goldpreise sind in diesem Jahr aufgrund geopolitischer Unsicherheiten stark gestiegen, was die strategische Bedeutung dieser Entdeckung weiter unterstreicht. Technische Analyse Gold Gold zeigt derzeit einen starken Aufwärtstrend, unterstützt durch die Stabilisierung der wöchentlichen Kerze im Aufwärtsbereich. Hier ist die verfeinerte Analyse: Bullisches Szenario: Solange der Preis über 2644 und 2625 bleibt, erwarten wir einen Anstieg in Richtung 2678, 2706 und 2739. Ein Ausbruch über 2739 könnte zu neuen Allzeithochs bei 2787 und 2838 führen. Bearisches Szenario: Damit sich eine bärische Prognose ergibt, muss der Preis bei einer täglichen Kerze die Marke 2625 durchbrechen und möglicherweise 2585 und 2558 anpeilen. Dieses Szenario bleibt jedoch unter den gegenwärtigen Bedingungen weniger wahrscheinlich. Prognose: Das bullische Szenario wird aufgrund der anhaltenden geopolitischen Spannungen und Chinas erheblichen Goldvorräten, einschließlich der kürzlich angekündigten Reserven von 1.100 Tonnen, begünstigt. Wichtige Ebenen: Pivotpunkt: 2644 Widerstandsebenen: 2678, 2706, 2739, 2787, 2838 Unterstützungsebenen: 2625, 2612, 2585 Trendausblick: Aufwärtstrend Diese Analyse unterstreicht die robuste Aufwärtsdynamik bei Gold, die durch globale Unsicherheiten und Chinas strategische Reservenakkumulation untermauert wird.
Shiba is trending well. Had a Golden cross in April and MACD cross in September. Higher lows on the weekly. Bounced off the 100 Week Moving Average in September.
1000 days of chop obliterated in less than one month. Looks like we'll see a rally like on CRYPTOCAP:XRP , with targets $250 and $400
Here is how I identify the best forex pairs to trade: (Publication #2 / Update) In the top left panel, the indicator 'Compare Forex' displays the PERFORMANCE of each major currency. The USD (red line) has been the strongest currency for the past 2 months on H6 charts. By identifying the strongest currency, all that remains is to trade the USD against all the other currencies since they are weaker. = Smooth stress-free charts. I look at my trades 2-3 times a day to see if they are still blue or red. Takes a few minutes. __ DEC 1st UPDATE: Last week, the JPY became the strongest performing currency. The JPY (yellow line) crossed above the USD (red line). When the performance of the USD became weaker than the JPY = The USDJPY PAIR turned down.