Right now, i am looking for some kind of pullback before going up. I have marked 3 most important zones and i will look forward to trade from them. But everything can happen so we as a traders need to stay flexible. The Fundamental side still looks great. But the question is whether inflation will rise and unemployment will fall, as this could mean slowing growth and postponing further rate cuts. Wages have also increased, which could mean that there is a greater demand for employees, or there is a great demand on the market for goods and services, which could mean increasing inflation. On the other hand PMI looks great and CPI + PPI is neutral. Tell me whats your analysys, let me know in the comments. I am open to every point of view to the situation and I am happy to learn :)
I'd like to share an exciting MAVIA buy trade setup with you, one that comes with a very high probability of success and a solid risk/reward ratio. Based on Elliott Wave theory, we're on the cusp of seeing Wave 3 unfold, and I expect this to drive a fast 35% rise starting today. Get ready for an incredible move!
Following the previous analyses, this Bitcoin price analysis has been provided and is intended for the long term.
COINBASE:BTCUSD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, resulting in prior reversals. If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,793 level. However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
The Dow Jones Industrial Average chart displays a clear upward trend since 2020, characterized by higher highs and higher lows. An ascending channel pattern has formed, with the price currently trading within its boundaries. Key resistance levels are observed at 45,124.0, 44,820.6, and 43,388.8, forming potential supply zones where selling pressure has previously been observed. Key support levels are seen at 41,684.4, 40,084.1, and 38,581.4, forming potential demand zones where buying support has previously been observed. Given the prevailing uptrend and the ascending channel, a long trade could be considered. A long entry could be triggered upon a break above the upper trendline of the channel or a retest of a demand zone. A stop-loss order should be placed below the recent swing low or the 42,000.0 level. The profit target could be set at the 45,124.0 resistance level or the upper boundary of a supply zone. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
COINBASE:SOLUSD is at a significant resistance zone. This area has previously acted as a major reversal point, and the current price action shows signs of potential exhaustion after a sharp bullish rally into this zone. The market structure indicates that sellers may regain control at this level if bearish price action confirms a rejection, such as wicks signaling rejection or bearish engulfing candles. If this occurs, I anticipate the price to move downward toward the $234 level. However, if the price breaks above $260 and holds with strong bullish momentum, this setup would be invalidated, and further upside could be anticipated.
Solana has become a standout in the cryptocurrency market, offering an unmatched combination of speed, scalability, and low costs. Its blockchain processes thousands of transactions per second (TPS) with minimal fees, making it a go-to platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain applications. From a trading perspective, Solana's strong technical foundation, rapid ecosystem growth, and active community support present an attractive investment opportunity. The platform's continuous updates and partnerships position it as a leader in the blockchain space. As adoption increases, Solana’s potential for price growth remains high, making it a solid choice for traders seeking long-term gains and participation in cutting-edge crypto technology. Tip: Keep an eye on key support and resistance levels in Solana's trading charts, as it often demonstrates strong momentum around major ecosystem announcements or updates.
I've analyzed the putcall ratio in this video to show how valuable the sentiment is in determining the direction of the market.
ETH (Jan 2025) As long as #Ethereum remains above $2,350 (the stop-loss), a new all-time high is anticipated. However, once this bullish cycle ends, I expect #ETH to enter a long major correction (a bear-market).
in case that market conditions are optimal, cookie should turn bullish and at least make a reversal of 8-15% SPOT. lets see in the next 8 hours how this will work and maybe decide....