Longed MUGHAL. Bought spot shares, no leverage. Resting above weekly support, broken down trend. Entry, Stop Loss and Exit all there. Will take a while to play out. Patience is always rewarded. Worth a punt! Will update in due time. Manage your risk! #DYOR
Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Monday’s Results Chart: https://www.tradingview.com/x/6BfL66ec/ Buy Perspective: No buy entry signals were triggered. Sell Perspective: While there was a mention of the possibility of a breakdown below the lows, no clear sell entry signals were given. After the breakdown, the NASDAQ dropped by approximately 180 points but eventually rebounded sharply toward the end of the session. This suggests that observing for a day to allow for the formation of a supply zone would have been a prudent approach. Key Points to Note Chart: https://www.tradingview.com/x/xQdoGIFu/ March Futures Contract: The price initially broke below the Ichimoku Cloud on Monday but re-entered the cloud due to Tuesday’s gap-up opening. Key Levels: Cloud bottom: 20980. A failure to hold this support level could have a long-term bearish impact. Cloud top: 21216, marking an important resistance level. Perpetual Contract Analysis Chart: https://www.tradingview.com/x/pbbJHzlg/ The perpetual contract shows the price re-entered the Ichimoku Cloud after briefly touching the cloud's bottom. A bullish candle has formed above the cloud, signaling support. Key Levels: Cloud entry: 21005. Resistance at the 60 EMA: 21085. Current Market Frame Chart: https://www.tradingview.com/x/2e3wjny1/ The NASDAQ appears to have entered either the red box or the orange box frame: Red Box Range: 20788–19818. Orange Box Range: 20382–21081. Key Resistance Levels: The 21081–21085 range represents a critical resistance zone. A breakout above this level could signal the potential for further rebound. Today’s Trading Strategy Chart: https://www.tradingview.com/x/AH7Q3U0Z/ Buy Strategy: 1. Breakout Above 21088.5 (Morning High): Rationale: This represents a breakout above both the resistance trendline starting from January 7, 2025, and the morning high. Risk: The price could face immediate resistance at 21123, potentially reversing quickly. 2. Breakout Above 21207: Rationale: This level marks the top of a previous supply zone following a sharp decline, making it a more conservative entry point. Sell Strategy: While the framing structure is complete, the market appears to be stabilizing at the bottom. For now, observing the market and avoiding sell entries is recommended. Conclusion The NASDAQ remains in a critical consolidation phase, with the potential for both rebounds and further declines. For buyers, focus on breakouts above 21088.5 and 21207 for potential upside. For sellers, it’s advisable to observe the market for clearer signals, as the recent bottoming behavior suggests limited downside in the short term. Patience and careful observation are key in today’s session. Let’s stay disciplined and trade wisely. ? Please like and subscribe!
Currently in this EURAUD Position. Let's see if the GOAT is right again.
BINANCE:SOLUSDT is testing a previously broken downtrend boundary as part of a correction. Bulls are employing aggressive methods to keep defenses above key support ahead of Trump's inauguration, keeping hopes high https://www.tradingview.com/x/T5lM1IeB/ On the weekly timeframe, the market is supported by SMA50 support indicating a strong uptrend. The focus is on two strong levels: 204.75 and 175. These are the boundaries of the current range. A breakdown of any of the boundaries will play a key role in further price movement. But I consider the realization of resistance as a priority. On D1 yesterday a false break of strong support was formed in the form of previously broken downtrend resistance. This indicates that the market is still in a bullish plane and on the background of upcoming important news this could have a favorable impact for the coin. Resistance Levels: 203-204 Support levels: 183, 175 If the price starts to retest the support at 175 and form a consolidation with a gradual downward compression, the risk of breaking the bullish pattern will increase. But, based on fundamental data, I expect a consolidation above 183 and further growth Regards R. Linda!
Several factors could play a significant role in shaping Celer Network's price by January 2025. The main and most important one is that a strong weekly demand imbalance at $0.001494 has just gained control in the weekly timeframe, and when this happens, we should expect a decent reaction.
Here's a straightforward strategy for range trading - RETEST: If you missed the initial price drop, we can wait for the price to hit the immediate resistance and then enter the trade on a valid retest. In this scenario, we observed a gap around .315, which could serve as a potential retest area, similar to what we saw at the high.
DXY is entering the time window for reversal down based on Feigenbaum fib time of the last swing. Price is currently also in the golden pocket of retracement of the last big swing down. Expecting price to move downwards within a couple of days, at least towards 103.
Longed TRG. Bought spot shares, no leverage. Resting above monthly support. Entry, Stop Loss and Exit all there. Should take a while to play out. Worth a punt! Will update in due time. Manage your risk! #DYOR
XAU/USD Analysis: Potential Bearish Move XAU/USD has recently rejected its resistance level, indicating that sellers are starting to take control of the market. After testing the resistance zone, price action shows signs of weakness, setting up for a potential bearish move. Current Price Action: The recent rejection at resistance suggests that buying momentum is weakening, and the market is leaning towards a downside correction. The next key level to watch for a bearish move is around 2668. If the price breaks below this level, it could signal further downward movement. Technical Targets: First Target: The immediate technical target for this bearish move is 2645. This level aligns with previous support and could act as the next point of interest for traders looking to take profits or reassess the trend.
YTL Power completed its wave 5 and is in a correction mode. Its target seems to be covering the gap