Currently, it looks like the current january technicals are lining up to the january 2024 technicals. There was a 20 percent correction before the pump. This aligns with my previous analysis that we will have a needed correction before next move up. We still haven't has a 20% correction since the manipilation of the trump pump from nov 4th
Waiting to see if 2.200 holds as the E Wave low, technically we could come a little lower following Elliot wave guidelines before next leg targeting $7-8 Final PT
Finishing up last phases of the range that has been developing targeting 1.5-1.8T Total 3 for final wave.
Ethereum is going for $2.8K because of the inverted H&S pattern and its showing weakness and it failed to break the resistance. However, it's in a long-term trend that won't be broken, at least not yet, but we will have to see. It may take weeks for Ethereum to reach there, in my opinion. Until then, we can enjoy scalping. Note that the EUROTLX:4K resistance is the only resistance stopping Ethereum from reaching new highs, so it won't be easily broken, at least until we see good news from Trump. We might see $6K-$7K Ethereum in 5-6 months, so that is my opinion. --- And what I expect afterward: If Ethereum breaks and holds $6K, we can see new highs. If that happens, the following scenario is invalidated: If bulls fail to hold $6K-$7K, we might see a big W pattern, and Ethereum will then say goodbye to these prices after it's completed. So then $6K would be temporary and won’t last long if this scenario plays out, that also means the alt season and all that can be postponed until 2027. Again, IT'S A POSSIBILITY.
Hello, this is Greedy All-Day. Today’s analysis focuses on the NASDAQ. Briefing Results Chart: https://www.tradingview.com/x/zenEJYgO/ Buy Perspective: No buy entry signals were triggered during session. Sell Perspective: While the initial blue ascending trendline break could have been a sell entry, the timing occurred outside of market hours (during the Asian, European, and U.S. sessions), rendering the move insignificant. Thus, the sell entry was based on the extended yellow ascending trendline. Upon its breakdown, the target was exceeded, resulting in a total drop of 325 points and approximately $6,500 in profit per contract. Daily Chart Analysis (Perpetual Contract) Chart: https://www.tradingview.com/x/qrDSxkUj/ On the daily chart: Lagging Span (Chikou Span): The Lagging Span has definitively entered below the candles, suggesting a high probability of a trend reversal. For a full reversal, the price must break above 21555. Current Position: The price is currently at 21016. The Lagging Span suggests the potential for upward movement toward 21437 on Monday, barring further breakdowns. Green Box: Previously acted as a support zone, but the red box candlesticks broke below, creating new lows. Ichimoku Cloud: While the price has entered the cloud, it continues to close above the upper boundary, maintaining support for now. Key Moving Averages: Without a gap-up on Monday, the daily candle is likely to open below the 20 EMA and 60 EMA. Major resistance levels are at 21090 and 21440, respectively. March Futures Contract Analysis Chart: https://www.tradingview.com/x/BmhjDJVB/ While largely similar to the perpetual contract: The price closed within the Ichimoku Cloud. Intraday trading on Friday even saw the price break below the cloud’s lower boundary. Key Levels: Resistance: 21213 (cloud upper boundary). Support: 20930 (already broken once, so its strength as support is questionable). Key Daily Chart Patterns Chart: https://www.tradingview.com/x/8KMiyMH8/ Two notable patterns emerge on the daily chart: Descending Triangle (Red Lines): Height: ~6.8%. The pattern broke downward on Friday, suggesting a potential target at 19594 (6.8% below the breakdown point). Falling Wedge (Blue Lines): While this indicates a corrective downtrend, a breakout above the blue box could signal a return to the highs or even new all-time highs. Both patterns offer insight into market sentiment but require confirmation to act upon. Monday Trading Strategy Chart: https://www.tradingview.com/x/riVEIYrr/ Buy Perspective: Entry Trigger: A breakout above the green box + 21206. Context: The price has shown resistance at 21206 following a rebound and subsequent decline. Targets: Resistance levels are marked on the chart; verify specific price points on the chart’s left side. Key Consideration: Without a breakout above 21562 (light blue box), the overall trend remains bearish. Any potential buy would likely be a temporary retracement within a broader downtrend. Sell Perspective: Recommendation: Monday may be best suited for observation rather than aggressive sell entries. Risks: There are no clear support trendlines, and selling on a break of the previous low carries considerable risk. Conclusion The NASDAQ is a dynamic and unpredictable market where what appears to be a correction may not actually be one. Recent declines can trigger panic among traders, but it’s critical to approach the situation with patience and a calm, strategic mindset. Avoid emotional decisions and focus on the bigger picture. Trade smart and stay prepared for any market movements. ?
"One of the hottest meme coins on the TON network (community-driven) is definitely SEED_ALEXDRAYM_SHORTINTEREST1:DOGS , which is currently on a downward Trend. Based on previous trends, we can start considering a step-by-step buying strategy. Moreover, don't forget that the TON blockchain is one of the best in the market right now, so any projects associated with TON and Telegram deserve our special attention. ??"
Dear Traders, We are approaching a strong bearish hold where we estimate price to reverse from depending on how market treat DXY in coming weeks. Please use accurate risk management.
Structure is essential when building - especially if you intend to build higher. The bottom, or foundation needs to be strong. Which is why price needs to accumulate a lot of volume horizontally before moving up. It also needs to be 'harmony' which means the floors needs to be of the same height - common sense. This is how almost all buildings are made. However, some 'experts' would argue that building in 1-2-3-4-5-a-b-c, meaning ALL floors are of different heights is a better choice. Or are they skipping floors when counting? Since reaching an ATH is 10/2024, price is trying to move up again. But looking at the structure, do you think it can? Let's apply some common sense here. Anyway, this is a game of probabilities. There is no certainty. But it would be a good SELL just looking at it, as the structure looks weak. The same applies to BTC. Good luck.
NVIDIA closed recently with a candle with wicks that could be compared to High Wave Candle. Per literature this candle represents indecision in the market. This particular candle is at a support, and per financial texts, if the subsequent candle closes above the high of the High Wave Candle, there might be bullish activity. Also, this candle has also retraced to trendline another possible confluence. However, everything does not normally go by the textbooks and also fundamentals act like invisible forces that shake the chart and also we have the concepts of liquidation and fake outs, which at times goes against normal price action principles. Please be careful and if you do not mind share your thoughts below and have a great day.
If it do m15 candle Close above MSS line then We can see a bullish move till Previous Day High.