Canada's Prime Minister Justin Trudeau is reportedly expected to announce his resignation this week, with Reuters suggesting the announcement could come as early as today. Trudeau's departure would leave the Liberal Party without a permanent leader, as polls indicate the party is at risk of a significant loss to the opposition Conservatives in an election required by late October. In the forex market, USD/CAD fell from the January high at 1.4460 when the resignation rumors began. A move above the 100- and 200-hour moving averages at 1.4390 might signal a reversal in buyer momentum and a stronger bullish bias. The range low at ~1.4335 is potentially another key level to watch for this pair.
Epic spike will happen when MSTR drops!!! Look at MSTZ when MSTR starts dropping (and it will!). This will likely be a beauty in the making! That's 10-20% easily..... Best of luck and always do your own DD! :)
Key Observations: 1. Current Price: • APE is trading at $1.3700 with a slight upward movement of +1.40%. 2. Resistance and Target Levels: • There is a marked resistance zone around $1.5893, which aligns with a potential take-profit (TP) level. This zone represents a 12.91% potential upside from the current price. • Another significant resistance level can be seen at $1.7596 and $2.0245 if the price continues its upward trajectory. 3. Support Levels: • Key support levels are visible at: • $1.3180 (32.80% Fibonacci retracement) • $1.2785 (50% Fibonacci retracement) • $1.2570 and $1.2184 below that, aligning with lower Fibonacci levels. 4. Potential Scenarios: • The price could either continue to climb towards the $1.5893 level or experience a pullback to the support zone around $1.3180 - $1.2785 before resuming its upward movement. • A white upward arrow shows the anticipated price path, suggesting a possible retest of lower levels before continuing the uptrend.
Took this quick scalp on CONY after ex div and mini jump from BTC was all I needed to get the fresh juice off CONY. Reminder to take trades only once it's past SMA 50! Not silver bullet, but I tend to do way better when I get this validation and it jumps higher so it's worth it from a timing / profit perspective! best of luck on and just sharing to help others!
?Key Levels Overview for the Week? 01.2025(06-12-∷)? Dynamic Resistance? 102400 Dynamic Supports? 101400 Mid Pivot (?bull&bear? zone ch trend) 113287 105360* 97433 range of supply and demand 107832 102719 97607 Range Band ? 110559 104040 97520 Order of lines: 1. ? Shocking Pink, ? Dark Orchid 2. ? Green, ? Red, ? Yellow 3. ⬜ White 4. ❤️ Falu Red, ? Crusoe, ⚫ Black 5. ? Pale Pink, ? Granny Apple, ?️ Storm Grey 6. ? Neon Blue
#RATS I think this coin has completed it's down trend Elliott waves so now the market is ready for a good rise there's some TP points which I set by the volume stacked in higher prices
Explains how price interacts with Fibonacci areas and identifies potential price levels and trend directions.
After the completion of the 5 Elliot waves I am seeing similarities to past momentum. It looks like the Adam & Eva tops. We are now in the area of the B top formation, then I would expect a hike to the C point area (which is my view around 1.63 if we go by past experience). We have also not reached the 50 EMA, but I believe there will be a quick break of this EMA based on my experience. Horban Brothers.
1. Formation of a Cup-and-Handle Pattern: The shaded blue area highlights a potential Cup-and-Handle pattern, a bullish continuation signal. The price has formed a rounded bottom (the "cup") and appears to be breaking out from the "handle." A successful breakout above the resistance line often suggests further upward movement. 2. Support and Resistance Levels: Support Level: Around $0.365 - $0.370, where prior consolidation occurred, providing a solid base. Resistance Level: Around $0.400, aligning with the upper boundary of the Cup-and-Handle pattern. 3. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line (blue) is above the signal line (orange), indicating bullish momentum. The histogram is positive, supporting the view of continued upward movement. DMI (Directional Movement Index): The ADX (yellow) is rising, suggesting a strong trend. The +DI (blue) is above the -DI (orange), signaling a bullish directional bias. RSI (Relative Strength Index): The RSI is currently at 65, approaching overbought territory but still in a healthy uptrend zone. This indicates buyers are in control, but caution is needed near overbought levels. Volume Oscillator: Volume activity appears consistent, but a significant breakout would require an increase in volume to confirm strength. Stochastic Oscillator: The stochastic oscillator is near 57, indicating there is still room for upward momentum before reaching overbought conditions. 4. Key Observations: The Cup-and-Handle breakout could propel the price above $0.400, with potential targets around $0.430 - $0.450. Failure to break above the resistance line could result in a pullback toward the $0.365 - $0.370 support zone. 5. Strategy Suggestions: Bullish Scenario: A confirmed breakout above $0.400 could provide an opportunity for long positions, targeting the next resistance zones. Bearish Scenario: If the price fails to hold above the breakout level, consider waiting for a retest of the $0.365 support level before reassessing the trend. This chart exhibits a strong bullish setup, but confirmation through volume and sustained price action is crucial to avoid false breakouts.
My daily target for MNQ towards my daily point of interaction was reached. My target idea is to short, aiming for 20,680.0 I’d like to see the setup form prior to PMI on 1/7/2025 and ensure it gets the push it needs from this week’s FOMC.