The price is approaching the resistance zone. ? Targets if breakout occurs: 1️⃣ First Target: Green level 2️⃣ Second Target: Blue level
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 1️⃣In the previous cycle, BTC broke above its red range during the first parabolic impulse. 2️⃣It then consolidated within a range for a few days before beginning the second impulse. ? Can you spot a pattern here? "History doesn’t repeat itself, but it often rhymes." ~ Mark Twain 2️⃣If we follow the previous cycle and history follows a similar rhythm, we may currently be setting up for phase 2. ?Confirmation would come from a breakout above the blue range. ?Always follow your trading plan regarding entry, risk management, and trade management. And Remember: All Strategies Are Good; If Managed Properly! ~Richard Nasr
Market Overview: Asia: Markets started red but turned green later in the day. China: Up for the fourth consecutive day. Nikkei (Japan): Trading in its lower range with a slight bounce, but not significant. Europe: EU50: Reached an all-time high, coming out of a long base stretching back to March 28th, 2024. Positive sentiment driven by lower inflation data and expectations of reduced rates. Germany and France: Both showing strength, with Germany also reaching a new all-time high. STOXX 600: Still trading below the range it has been stuck under since May 15th, 2024. Bitcoin and Cryptocurrencies: Bitcoin: Trading above $100,000, currently at $102,000. Last time it was at this level (January 6th), it was quickly rejected. Ethereum: Third inside day. Solana: Testing highs from January 6th, with news that it might be included in Trump’s reserve holdings. IBD 250 Pre-market: Mixed bag with some red names but many showing green and gapping up pre-market. Screener Results: 20% Gainers (Past Week): 31 names, led by Constellation Energy . Sectors include health technology and commercial services. 8% Gainers (Past Week): 294 names, with notable strength in luxury names, Bitcoin-related stocks, and finance. Louis Vuitton: Stands out, up 10%. 8% Losers (Past Week): 156 names, including Toyota , Porsche , Las Vegas Sands , Snap , and GameStop . Dominated by health technology, electronic technology, services, and utilities. 20% Losers (Past Week): 31 names, primarily in health technology. Notable losers include Moderna and FDA Aviation . ETF Highlights (Yesterday): Strongest: XLU (Utilities), XLRE (Real Estate), and Broker-Dealer ETFs. Weakest: Regional Banks, Oil, and Uranium ETFs. Additional Observations: Rate-sensitive sectors showed strong performance yesterday, benefiting from recent inflation data. RSP (Equal-Weighted S&P): Above the 50 EMA, showing strength and indicating that breadth is holding up despite weakness in large-cap names. VIX: At 16, showing an inside day with no major moves lower. Plan of Action: Exercise caution with new trades after several strong days in the market. Await a pullback before adding positions, focusing on names with potential for strong 3-5 day moves. Start small with any new positions as the market might need time to cool off. Upcoming Events to Watch: Monday: U.S. markets closed for a holiday. Next Week: Potential market movements with the inauguration of a new president.
By analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
The price has broken out of the resistance zone. ? First Target: Green level
The monthly chart for GLMR/USDT provides a long-term perspective on its price trend, showcasing a significant evolution in price action over the years. Initially, the chart reveals a sharp decline, followed by a prolonged period of sideways movement, and now a potential attempt to reverse the downtrend. A clear downward trendline, drawn in white, connects multiple price highs, reflecting consistent selling pressure throughout the observed period. However, a recent breakout above this downtrend line, indicates a possible shift in market sentiment. Breakouts of this nature can signal a reversal of the prevailing downtrend, with a subsequent retest of the trendline often used to confirm the breakout's validity. The chart also highlights a price target, represented by a large green rectangle, pointing to an ambitious upward goal of 53.4477 USDT. Despite the current price of GLMR being 0.2285 USDT, this target underscores the potential for a significant recovery if bullish momentum builds. Key observations suggest that price volatility, initially marked by a steep decline, has tapered off over time into smaller fluctuations. While the breakout and retest signal a potential bullish trend, the risk remains that the price could fail to hold above the trendline and resume its downward trajectory. This analysis spans several years, starting in 2022 and extending to January 2025, emphasizing that such movements could require a considerable amount of time to unfold. Each candlestick represents a month of trading, providing a broad and slow-reacting view of market dynamics that is less sensitive to short-term fluctuations. In conclusion, the breakout and retest point towards a promising shift in GLMR’s long-term trend. However, investors should remain cautious and consider the possibility of rejection at the retest level while keeping in mind the extended timeframe for the target projection. Moonbeam is an EVM-compatible and substrate-based blockchain, which operates as a Polkadot parachain. Glimmer (GLMR) is the utility and governance token of the network, users can participate in governance, paying transaction fees, earning rewards through providing liquidity, and staking. Disclaimer: This is not a financial advise. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
Let's gooo.. Seems like ETH is a huge cup n handle and ready to make a big move Meanwhile ETH/BTC at huge support NOT financial advice
#GBPUSD. market trade near to his final bottom area and that is market final bottom if there is any kind of bullish scenario exist. because that region will decide pound next move of 500 to 800 pips. so keep close and keep in mind that 1.2120 to 1.2160 will decide pound future. don't short until market hold that region. good luck trade wisely
Same situation as on Wednesday. Fall after news got "canceled out" and now there is new opportunity for greater short. It is likely to fall from either 190.1 resistance or 190.5 resistance and fall until 188.8 where 4H support is located. SL at 190.6 because if it breaks 190.5 we might see a reversal or fall from 191.4 (another strong support)
? Hey Traders! ? If this setup has you pumped, smash that ? and hit Follow for trade ideas that actually deliver! ?? GALA: Breaking Out and Ready to Fly! ? GALA has just broken out of a symmetrical triangle on the 8-hour timeframe, signaling a potential 100%+ pump from here! Now’s the time to position yourself for the next big move. ? Trade Setup: Entry Range: CMP (Current Market Price) and add more up to $0.039 Targets: $0.048 / $0.057 / $0.068 / $0.085 Stop Loss: $0.036 Leverage: Use low leverage (max 5x) ? Why GALA? This breakout could be the start of a major rally, and the risk-to-reward here is highly favorable. Don’t miss out on this opportunity! ? What’s Your Take? Are you bullish on GALA’s breakout potential? Drop your analysis, predictions, or strategies in the comments below! Let’s navigate this market together and secure those gains! ??