short scalp, don't be afraid, confirmed TP 1 1.0759 TP 2 1.0723 it will go down for sure next hours, make sure to get out, and then wait for data on Friday for a bull confirmation or the expected pull back, 6 years seeing this over and over and over, this time will heat TP
btc.d is gonna climb and give last shock to anyone saved or near breakeven. Yes this move is not major and after that alt season should chip in.
Nice follow through from yesterday's post. Enjoy the ride up.
TRADEWITHKENNY – XAUUSD Update (TradingView) The chart above shows a strong resistance level at 2923.22 , which has been tested multiple times, making it a key resistance zone. A bullish breakout above this level could push prices higher, with potential targets at 2930 , 2933 , and beyond. On the other hand, if the price moves bearish below this zone, we could see declines toward 2903 , 2895 , and possibly 2878 . With NFP approaching , expect increased volatility and potential choppy price action. Ensure you conduct thorough analysis and apply proper risk management when trading. Disclaimer : This is my personal view and should not be considered financial advice.
Analyzing the Ethereum/USDT chart using Heikin Ashi candlesticks on a daily timeframe, we can observe a significant downtrend channel formed since December of the previous year, where the price has consistently made lower highs and lower lows. Currently, Ethereum is testing the lower boundary of this descending channel. The most recent candlesticks show a slight consolidation around this area, indicating potential buying interest or exhaustion of selling pressure. Thought Process: Identification of Key Levels: The current price is near a historical support level around $2,000, highlighted by the green horizontal line. This area could be crucial for a reversal if it holds. Channel Dynamics: The descending channel has been a dominant pattern. A break above the upper trend line of the channel could indicate a shift in market sentiment from bearish to bullish. Volume and Volatility: Recent spikes in volume during price declines suggest capitulation selling might be nearing its end, which could lead to a reversal or stabilization in price. Trade Strategy: Entry Point: A potential entry could be around $2,100, assuming signs of reversal such as a bullish Heikin Ashi candlestick or increased buying volume. Profit Targets: The initial target could be set near the top of the descending channel, around $2,800. If the price breaks and holds above the channel, a further target could be the next resistance at $3300. Stop Loss: To manage risk, a stop loss could be placed below the recent low at $1,680. Rationale: This strategy leverages the concept of buying near support levels within a downtrend, with the expectation of at least a short-term bounce back towards higher levels of the channel. The stop loss ensures that if the downtrend continues without the expected reversal, losses will be limited. Risk Considerations: Market Volatility: Crypto markets are highly volatile; unexpected news or market events can drastically impact prices. Technical Confirmation: It's crucial to wait for technical confirmation of a reversal before entering, as premature trading can lead to losses during strong downtrends. By putting yourself in the shoes of an investor, you'd want clear and actionable levels for entry, exit, and risk management, as outlined above. This strategic approach allows for structured decision-making and clearer expectations from the trade setup. - https://x.com/litneuron/status/1897434550709657787]https://x.com/litneuron/status/1897434550709657787 80
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Buy, AUD/CHF Buy, NZD/USD Buy & a USD/CAD Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
The stock may appear stagnant, but momentum signals are flashing early signs of a potential shift. Both the Relative Strength Index (RSI) and Stochastic Momentum Index (SMI) are making higher lows, signaling a shift in underlying strength. This type of bullish divergence suggests that downside momentum is weakening, even though price has yet to reflect it. Historically, setups like this precede reversals as selling pressure fades and buyers step in. With momentum building and the stock at severely oversold levels, a breakout from this consolidation could trigger a sharp move higher. Stay tuned. ?
Crexendo, Inc. (CXDO) is a cloud communications company specializing in VoIP, unified communications, and cloud-based phone systems for businesses. Its scalable solutions help companies improve efficiency, reduce costs, and enhance connectivity. As more businesses transition to digital communication platforms, Crexendo benefits from the growing demand for cloud-based services and remote work solutions. The stock chart recently displayed a confirmation bar with rising volume, pushing the price into the momentum zone, which occurs when it moves above the 0.236 Fibonacci level. This signals strong investor confidence and suggests the potential for continued upside as buying interest strengthens. A trailing stop is a dynamic risk management tool that adjusts as the stock moves higher, helping traders lock in gains while allowing room for further price increases. Instead of setting a fixed exit price, a trailing stop follows the stock’s upward movement and only triggers if the price reverses by a certain percentage or amount. Using Fibonacci levels as trailing stop points can be highly effective, as these levels often act as natural areas of support in an uptrend. By placing a trailing stop near key Fibonacci retracement levels, traders can stay in strong trends while ensuring profits are protected if momentum shifts.
Is Tesla ( NASDAQ:TSLA ) facing a sales slump and an overpriced valuation? In this video, we dive into the latest Tesla stock analysis, starting with the declining sales numbers and why the current valuation might be raising red flags for investors. We then break down the weekly chart, spotlighting a potential breakdown retest as NASDAQ:TSLA price nears key support levels around the 243 weekly SMA. What was once resistance could now flip to support—find out how! Zooming into the daily chart, we explore the 280 price level where the 200 SMA is and outline a possible 5-wave pattern completing at 243, followed by a correction toward Goldman Sachs’ 320 target and Bank of America’s 380 forecast. But could a deeper drop to 200 be on the horizon? Get the full technical analysis, price targets, and insights to navigate NASDAQ:TSLA ’s next move in this must-watch stock market update!
The volume for XLM is trending up in recent weeks with major movement happening behind the scenes only visible through this indicator created to visualize the trend of volume.