After previous reporting in December confirmed another Sonic sequel was in the works, Paramount has officially announced that Sonic the Hedgehog 4 will arrive in theaters in March 2027. Read more...
Just a quick heads up to all the traders. a rejection at the 0.382 (the red line) would mean a most likely dump... play safe. it's a memecoin and who made it controls 80% of the supply
OANDA:XPDUSD is present in a key resistance zone, a level that has previously acted as a turning point for strong bearish reversals. The recent upward momentum leading into this zone increases the probability of heightened selling interest. This could set the stage for a potential decline toward the 957.900 level. But If the resistance is decisively broken, it could mean further bullish advances, suggesting a continuation of the upward trend. In other words, XPD/USD is at a critical point, with the resistance zone likely to determine the market's next direction. -Price to watch 957.900, -A breakout would indicate further bullish continuation. Remain disciplined, wait for definitive confirmation before entering positions. This shows the importance of careful analysis and adherence to trading plans.
The current Elliott Wave pattern analysis remains valid as long as price stays below $2,757 Daily closes above $2,757 would invalidate the current wave count Traders should exercise caution and consider adjusting positions if price approaches this critical level This invalidation level serves as a key risk management point for positions based on this analysis This creates a clear strategic boundary for: Risk management Position sizing Strategy validation Stop-loss placement Trading Tip: Using daily closes rather than intraday spikes provides more reliable signals and helps avoid false invalidation due to market noise. Invalidation Level: Elliott Wave Pattern Becomes Invalid Above $2,757
? #LTC/USDT Analysis? CRYPTOCAP:LTC is respecting the diagonal trendline on the 4H timeframe. ? Watching for shorts around the 4H bearish OB with confirmation. ? Resistance: PMH $147.24 ? Support: PWL $92.42
Good Evening and I hope you are well. comment: Bull channel/expanding triangle, doesn’t matter. Trade it until clearly broken. No one knows how high this can go and I said, until we clearly see consecutive big bear bars, bulls are in full control and you should look for longs instead of shorts. Market is beyond overvalued and overbought but that does not matter for now. current market cycle: bull trend key levels: 21000 - 21500 bull case: Bulls are in full control. No one know’s where it stops. Look for longs. Bears have spikes and that’s it. Bulls are buying everything and just melting this higher. Invalidation is below 21000. bear case: You can not start looking for shorts until bears have closed a 1h bar below 21000. This is probably true for most traders. Are you 1 in a million and can make money trading both sides on this? Good for you but for the rest of us, we better come with easy to follow, tested and profitable strategies and try to survive. Trend is your friend. Don’t fight it. Was I wrong about the bearish outlook? Timing-wise, yes. But that will never stop me form changing my mind and trade what’s in front of me. I am here to make money and not to be proven right. Invalidation is above 21500. short term: Bullish until bears do more. Trade the channel. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Buying big previous support around 21000.
Good Evening and I hope you are well. comment: One again we saw a huge Globex sell spike but now follow-through. Bulls are on their way to 6100 and there we will see how many buyers we can find to retest the ath 6186. Plan is simple, trade the bull channel/expanding triangle until clearly broken. current market cycle: trading range (obvious bull trend on lower time frames) key levels: 6000 - 6100 (above 6100 comes 6200 into play) bull case: Bulls are in BTFD mode and making higher highs again. 6100 is their next target and the last resistance until 6186. Problem for the bulls is that we get decent sell spikes and holding through them is tough. That is probably why we see bigger profit taking when we print new highs. Invalidation is below 6000. bear case: Bears ask themselves how many pushes on whatever time frame bulls can honestly get. The 6100 likely won’t hold but how many are willing to buy above 6100 when we could easily pull-back 100 points. We will find out tomorrow. Bears don’t have many arguments. We have a clear bull pattern upwards and the best they can hope for is to scalp short on new highs for a decent pull-back. Until bears can close consecutive bars below 6000, I would not look for bigger shorts. Given the current erratic price action due to orange man tweets, it’s a wild ride. Trade smaller and with wider stops. Invalidation is above 6120. short term: Bullish for 6100, then Neutral until clearly breaking out above again. Targets above are 6186 and then 6200. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: None trade of the day: Buying 6000, duh. Otherwise literally every touch of the 1h 20ema.
Solana ( CRYPTOCAP:SOL ), a high-performance blockchain network, has found itself in the spotlight once again, thanks to its association with Pump.fun—a Solana-based meme coin launchpad. Pump.fun’s recent activities, including significant deposits and a federal class action lawsuit, have spurred discussions around Solana’s price movements and market outlook. This article explores the technical and fundamental aspects of Solana’s current state. Pump.fun’s Controversial Operations and Solana Deposits Pump.fun, a leading player in the Solana ecosystem, has facilitated the creation of over six million tokens. According to Lookonchain, Pump.fun recently deposited 116,055 SOL (valued at $28 million) to Kraken, bringing its total deposits to 1,901,332 SOL, worth approximately $386.8 million. These transactions, coupled with $41.64 million in USDC generated from SOL sales, highlight Pump.fun’s substantial influence within the Solana network. However, Pump.fun is under fire due to a class action lawsuit filed by Burwick Law and Wolf Popper LLP. The lawsuit alleges that Pump.fun engaged in exploitative practices, including issuing volatile and unregistered tokens, and promoting hate speech on its platform. The legal scrutiny intensifies as reports reveal that Pump.fun earned $572 million in fees, yet only 0.41% of its wallets achieved profits exceeding $10,000. Critics argue that the platform disproportionately benefits a select few, while the majority of users incur losses. Technical Analysis of Solana’s Price Movement Despite the controversy surrounding Pump.fun, Solana’s price has demonstrated resilience. Currently trading within the $230–$250 range, Solana’s price action is consolidating after reaching a high of $290. This consolidation phase is pivotal, as it sets the stage for the next significant price movement. Key Technical Indicators: 1. Support and Resistance Levels: - Immediate support: $216 - Immediate resistance: $260 and $290 - A breakout above $290 could propel Solana’s price to $360, aligning with bullish projections. 2. Relative Strength Index (RSI): - RSI stands at 58, indicating moderate bullish momentum. - The RSI suggests that Solana is not overbought, leaving room for further price appreciation. 3. Chaikin Money Flow (CMF): - CMF value: +0.05, reflecting sustained capital inflows. - Positive CMF values indicate strong investor confidence and potential for further gains. Fundamental Outlook for Solana Solana’s ecosystem remains robust despite the challenges posed by Pump.fun’s legal issues. The blockchain’s high throughput and low transaction costs continue to attract developers and users alike. Pump.fun’s significant transactions underscore Solana’s role as a preferred network for large-scale operations, albeit with controversies. The ongoing lawsuit against Pump.fun could have mixed implications for Solana. On one hand, increased scrutiny may tarnish its reputation temporarily. On the other hand, resolving these issues could lead to greater transparency and trust in the network. Market Sentiment and Price Outlook Solana’s current consolidation suggests that the market is waiting for a catalyst to determine the next trend. The following scenarios could influence its price trajectory: 1. Bullish Scenario: - A breakout above $290 could lead to a rally toward $360, driven by continued capital inflows and bullish sentiment. - Positive developments in the Pump.fun lawsuit could restore investor confidence. 2. Bearish Scenario: - Failure to hold the $216 support level could result in a retracement to lower levels. - Prolonged legal issues or adverse outcomes for Pump.fun could dampen market sentiment. Conclusion Solana’s association with Pump.fun has placed it under the microscope, but the blockchain’s technical and fundamental strengths remain intact. While the legal challenges surrounding Pump.fun add an element of uncertainty, Solana’s price action indicates potential for a breakout, provided it overcomes key resistance levels. Investors should closely monitor developments in the Pump.fun lawsuit and Solana’s price movements. With its RSI signaling moderate bullish momentum and CMF values pointing to sustained capital inflows, Solana is well-positioned for a potential rally. However, caution is warranted, as external factors could influence its trajectory in the short term.
OANDA:XAGUSD is at a significant resistance zone. This level that has previously served as strong resistance. Price action within this zone suggests the possibility of a reversal if sellers regain control. The market structure points to potential trend exhaustion, with buyers losing momentum as the pair moves closer to this resistance area. If the price confirms a rejection from this zone, signaled by bearish candlestick patterns (e.g., bearish engulfing or long wicks), I anticipate a downward move toward the 30.44094 level. This target is realistic level for a potential correction.
Today we are looking at a ratio chart from TradFi. We are plotting the ratio of Nasdaq100 vs S&P 500. Even if both charts observed separately tell us the same story. That we are in a bullish uptrend on the daily chart for the past 1 year. But the ratio chart clearly shows Nasdaq100 peaked out relative to S&P 500 on Aug 2024 just prior to the unravelling of Yen carry trade. Since then, the ratio has not broken to the upside and registered an ATH even if the tech stocks have been doing exceptionally well recently. The ratio of QQQ vs SPX is within a local uptrend but still within the upward sloping Fib Retracement level between 0 and 0.618. The tech heavy QQQ can and will claim leadership once we break out of the range in the upward sloping Fib retracement level and break above the 0.618 levels.