- Nasdaq-100 broke daily down channel - Likely to rise to resistance level 21850.00 Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A from December) and the support trendline of the daily down channel from December (which encloses earlier ABC wave (4)). The index just broke the aforementioned down channel which should accelerate the active impulse wave (5). Given the strong daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21850.00, top of the previous B-wave.
- AUDCAD reversed from support zone - Likely to rise to resistance level 0.9000 AUDCAD currency pair continues to rise inside the minor impulse wave 1, which started earlier from the support zone located between the key support level 0.8860 (former multi month low from April) and the lower daily Bollinger Band. The active impulse wave 1 belongs to the higher order impulse waves (1) and 1, which started from the same support area. AUDCAD currency pair can be expected to rise to the next resistance level 0.9000, former strong support from December coinciding with the daily down channel from September.
full target guys i hope get good profit and enjoy it
Financials great, P/E 20 is very reasonable. Top line 20%+, LLY competition threats seems exaggerated. Last time was this oversold in 2017 and quickly rebounded. Impossible to replicate knowledge and ability to innovate. Started entry position at 78.5, will be DCA until it finds the bottom (if not already) Happy weekend
Jupiter, the Solana-based decentralized exchange (DEX), has rolled out its much-anticipated "Jupuary" airdrop campaign, distributing 700 million LSE:JUP tokens worth over $575 million. This initiative aims to reward its users, enhance community engagement, and expand its ecosystem. Here's an in-depth analysis of the technical and fundamental aspects driving LSE:JUP 's recent activity. Technical Overview As of the time of writing, LSE:JUP is up 5.38%, trading within a bullish reversal pattern that hints at a potential 30% surge. The Relative Strength Index (RSI) currently stands at 57.87, signaling room for further upward momentum. Traders and analysts are closely monitoring key support and resistance levels to gauge the next move. - Bullish Reversal Pattern: The price action indicates a potential breakout, supported by strong fundamentals and increased trading volume. - RSI Analysis: With the RSI below overbought territory, LSE:JUP has the capacity to capitalize on the ongoing bullish campaign. The "Jupuary" airdrop distribution has been categorized to incentivize diverse segments of Jupiter's user base: 1. 440 Million Tokens for Active Users: This allocation rewards users engaging in token swaps and utilizing Jupiter's ecosystem. 2. 60 Million Tokens for Stakers: Incentivizing long-term holding and staking of LSE:JUP tokens. 3. 200 Million Tokens for Growth Initiatives: Reserved for initiatives under the "carrots" program to foster ecosystem expansion. Jupiter's new airdrop eligibility checker allows participants to verify their qualifications for the airdrop. Approximately 2 million wallets are expected to qualify, reflecting Jupiter's focus on fostering genuine community engagement. Kash Dhanda, a representative for Jupiter, emphasized that the selection process targets wallets likely to contribute to DAO governance and the platform's decentralization efforts. Strategic Significance The "Jupuary" airdrop aligns with Jupiter's broader goals: - Strengthening Community Engagement: By rewarding active users and stakers, Jupiter fosters loyalty and incentivizes ecosystem participation. - Expanding User Base: The airdrop is expected to attract new users, bolstering the platform's position in the competitive DEX market. - Future Prospects: The announcement of a potential Jupuary event in January 2026, contingent on a DAO proposal, underscores Jupiter's commitment to long-term growth. Challenges and Opportunities While the campaign highlights Jupiter's strategic focus, challenges remain: - Selective Distribution: Not all eligible wallets will receive an airdrop this year, potentially leaving some users dissatisfied. - Market Dynamics: Rising competition among DEX platforms and market volatility could influence LSE:JUP 's performance. Despite these challenges, the airdrop serves as a catalyst for LSE:JUP 's growth, reinforcing its role as a key player in the Solana ecosystem. Conclusion Jupiter's "Jupuary" airdrop marks a significant milestone for the platform. With LSE:JUP trading in a bullish setup and the community rallying around this event, the stage is set for potential price action and ecosystem expansion. As the claim process begins next week, all eyes are on Jupiter to deliver on its promises and chart a path toward a decentralized future.
Descending Resistance Line Testing: The price is approaching a critical descending resistance line. This line has acted as a ceiling multiple times, and each touch weakens its strength. The current proximity suggests a potential breakout if the price gains momentum. 2. Strong Descending Channel: The price has been moving within a well-defined descending channel. Descending channels often precede a bullish breakout, especially if the price nears the upper boundary, as is happening now. 3. Support Holding Steady: The lower boundary (descending support line) has consistently supported the price. This creates a structure of "higher probability" for the price to break upward rather than fall below support. 4. Smaller Descending Channel (Bullish Flag): Inside the larger descending channel, there’s a smaller channel. This is often a bullish flag formation, signaling consolidation before an upward move. The narrowing of this smaller channel suggests that a decision point is near. 5. Compression of Price Action: The distance between the descending resistance and support lines is tightening, creating a price compression zone. Such zones are often followed by a sharp breakout, and since the price is approaching the upper boundary, it leans toward an upward breakout.
After the MAIN trendline is identified, there are intermediate trendlines that line the path to success. I plotted the "bat" pattern for potential profit within a wedge. COINBASE:XRPUSD
as said the market is simple..no pressure wait for ur set up keep the momentum
#### **Overview:** This hourly chart for **BTC/USDT** (Binance) integrates Gann square levels and grid lines, highlighting significant price zones and cyclical market behavior. Gann levels provide critical insights into potential support, resistance, and trend continuation points. --- ### **Key Observations:** #### **1. Price Levels:** The chart showcases several key Gann levels, with **450° = 104,819.619073 USDT** as the current price proximity level. - **0° = 92,269.275814 USDT**: Foundational support zone and cycle reset level. - **90° = 95,331.861629 USDT**: Key short-term support. - **180° = 98,444.447444 USDT**: Next strong support if bearish momentum continues. - **360° = 101,607.033258 USDT**: First upward target in a bullish scenario. - **450° = 104,819.619073 USDT**: Current level of consolidation and resistance. - **540° = 108,082.204888 USDT**: Resistance zone for extended bullish movement. - **720° = 114,757.376517 USDT**: High target in a long-term bullish rally. --- #### **2. Price Action:** - **Current Price:** 104,884.46 USDT (-0.90% for the session). - The price has broken through multiple lower degrees (e.g., 90° and 360°) and is now consolidating around the **450° level**. --- ### **Time Cycle Analysis:** - The Gann grid visually represents time cycles that may align with market turning points. - **Key Event:** A significant time marker appears near **27–28 Jan 2025**, marked by the star. This could indicate a critical reversal or breakout zone. --- ### **Scenarios to Watch:** #### **Bullish Scenario:** - **Trigger:** Sustained breakout above **450° (104,819.619073 USDT)**. - **Targets:** - **540° = 108,082.204888 USDT** - **630° = 111,394.790702 USDT** - Long-term target: **720° = 114,757.376517 USDT** #### **Bearish Scenario:** - **Trigger:** Rejection at **450° (104,819.619073 USDT)** and a drop below **360° (101,607.033258 USDT)**. - **Targets:** - **First Support:** 270° = 98,444.447444 USDT - **Next Support:** 180° = 95,331.861629 USDT - Critical support: 90° = 92,269.275814 USDT --- ### **Trade Plan:** #### **Long Position Setup:** - **Entry Trigger:** Breakout and close above **450° (104,819.619073 USDT)**. - **Stop-loss:** Below **360° (101,607.033258 USDT)**. - **Targets:** - **540° = 108,082.204888 USDT** - **720° = 114,757.376517 USDT** #### **Short Position Setup:** - **Entry Trigger:** Rejection at **450°** and confirmed breakdown below **360° (101,607.033258 USDT)**. - **Stop-loss:** Above **450° (104,819.619073 USDT)**. - **Targets:** - **270° = 98,444.447444 USDT** - **180° = 95,331.861629 USDT** --- ### **Conclusion:** The chart provides a clear structure for analyzing Bitcoin’s price movements using Gann levels. Pay attention to the 450° level for confirmation of the next directional move, and closely monitor the **time cycle near 27–28 Jan 2025** for possible trend shifts. Wish you best of luck!
BTC needs correction, my opinion explosive growth is suspended and now there will be a correction to retest the slope.