New York session we finally see profits, took 90% out and left some runners and changed my SL to break even
The price of Perfect Corp has recently broken a key trendline with a strong bullish candle accompanied by a gap and high volume, signaling strong momentum. The stock is currently retesting the breakout level, which could confirm the strength of this movement. If the price holds above the retest area, there is a strong likelihood of a further upward move. Traders should monitor the price action and volume dynamics closely for confirmation of continued bullish momentum. This setup is relevant for those focusing on trendline breakouts, gap trading strategies, and volume-based analysis. This is my personal analysis and opinion, not a recommendation to buy or sell.
Hello Friends, Today we have plotted Elliott wave counts on NVIDIA Corporations chart Technical Analysis Case study, In this study we used Elliott Wave Theory & Structures, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits, We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK? Disclaimer and Risk Warning. The analysis and discussion provided on https://in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Current Consolidation & Support Levels: ENA has consolidated near June's high, showing strong support around $0.9538, reinforced by December 20th's daily candle tail and the 40 EMA. Token unlocks increasing supply are likely to delay a rally until after January 1st, keeping near-term upside muted. Key Downside Targets: If the $0.9538 support fails, watch for: $0.8824 – December 28th's swing low. $0.8465 – Key levels from December 20th and 10th. $0.7600 – November 25th's bullish weekly gap, a likely higher timeframe support zone. Resistance Levels & Upside Scenarios: $0.9961: December 26th's bearish gap. $1.0299: December 21st's rejection point. A break above this zone could trigger profit-taking at: $1.1223: December 23rd's swing high and December 21st's bearish gap. Outlook: ENA is range-bound in the near term, with a bearish bias if token unlocks intensify supply pressure. Bulls need a decisive reclaim of $0.9961–$1.0299 to regain control. Until then, $0.9538 support remains critical, with the risk of testing lower levels. This setup highlights near-term caution but leaves room for a bullish breakout once overhead supply dynamics stabilize.
#BTCUSD firstly we await for H1 candle to close between the rectangle before taking sell but if price closes above bullish then the sell is inactive. Entry closure at 95400-95500 for selling, target 93800-91k, stop loss at 96359. Based on the movement if inactive then price is heading 97500 for sell retracment.
#BTC #BTCUSD #BTCUSDT #Bitcoin #Analysis #DUMP #MarkDown #Eddy It was my mistake to give a big short analysis of Bitcoin before the distribution structure was formed. Currently, by combining the analytical styles of Dow Theory & Wyckoff Theory with the combination of the classical price action technical analysis, RTM & ICT, we are witnessing confirmation of the market decline, while the majority have a bullish view of the market, having fallen into the trap of the market maker. Look for a heavy Bitcoin sell position from the marked premium area, don't forget to get confirmation based on your style and manage risk and capital. My Bitcoin Big Short Setup Targets : https://www.tradingview.com/chart/BTCUSDT.P/zfSQKFmo-BTC-BTCUSD-BTCUSDT-Bitcoin-Short-BigShortSetup-Eddy/
Looking at previous cycles and how the price behaved during similar periods, I found some similarities and applied them to what's happening now - I've marked these and will observe whether the market will follow a similar pattern - if so, whether it will be closer to the previous cycle or an even earlier one, and if not, what will change.
After the recent drawdown flushing the liquidity of the last low we have seen a massive push by the bulls back to the upside. This gives us a few key indications. The first indication is that there is still indecision in the market. Whether the market continues up or has a further pullback. These indecision candles are created when the open and close are at a similar price point and also during the period of the candle there is a wick to the upside and downside. Since this is the monthly chart, this is a very important close for Bitcoin's future. Right now the monthly open for December sits at $96,400. Going into the future this will remain and important liquidity level. Looking back at the past we can see other monthly indecision candles. In April 2021, the evening star candle formation signaled the first major reversal since the 2020 bull market began. In February 2023, Bitcoin printed a monthly doji. This one is interesting as it did signal a reversal at first. From the open, price dropped 15%, but then something spectacular happened. The bulls stepped in and from the low pushed price up 50% in a single month to save the uptrend! January 2024 price also formed a monthly doji, but instead of price reversing price immediately started climbing upon the open which lead us to a 43% increase the following month. With this candle being formed, we can guarantee a very volatile January will happen. The main question now is will this indecision candle cause a reversal at first, or will we follow a pattern similar to last January where price negated the reversal and never looked back.
GBPJPY was making Higher Highs and Higher Lows, it was in up trend but now it formed Double Top with RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HL
The New Year is looking bright for Bitcoin with the most recent report from Franklin Templeton predicting “nations to adopt strategic Bitcoin reserves in 2025.” It should be interesting to see how sustainable it will be for Bitcoin to be a practical method to both store and transfer value, given its TPS limitation as more Nations and Institutions become larger players on the chain. I believe this presents an incredible opportunity for quality POW governance tokens to shine and become a very real complementary alternative. But I digress – what’s up with Big Daddy Bitcoin and the No Santa Rally? On the LTF (1D) Point and Figure, the formation is currently printing a distribution pattern, forming a Last Point of Supply (LPSY) at a local high of $96,000 to retest the prior local high at $95,400 Bitcoin established after moving into Phase D Distribution of the distribution cycle. True to form in Phase D of a Distribution Cycle, the formation printed the preliminary sign of weakness, dropping to the $91,400 handle before the retest. The characteristic of Phase D Distribution is a Major Sign of Weakness occurs at the end of Phase D which “Breaks the Ice” of the lower level of support (in this case $90,800). The horizontal price count suggests a potential near-term fall from the current level to the $$86,600 region from a Major Sign of Weakness (MSOW), before a relief rally to “Return to Ice” and subsequent Preliminary Support (PS) and Selling Climax (SC) are established. The positive take should be on the Higher Time Frame (HTF), this PA is all about establishing the bottom of the new Trade Range, which has recently established the $108,300 handle at the upper limit of this Trade Range. Consolidation within this range should happen for a bit to establish both future direction and build cause within the formation to build potential (much like coiling a spring) for the next move. Always remember this is not trading advice. Outside of that, Happy Trading.