USDT.D Chart is about to drop a huge leg down to break the weekly support. Ethereum will lead the show.
Similar charts for COIN and BTC as usual. Will need to see them move in unison for confirmation. Both had an uptrend break recently and came down to support to close the week. This looks bearish to me so as long as BTC falls below $93k and COIN falls below $270ish I'll be looking for shorts targeting $85k on BTC and the gap fill around $197 for COIN. Bias will be opposite if the reverse happens, targeting the trendlines above.
I did not provide the plan for Friday, though EURUSD did make a nice dip to PZ before continuing higher to first level and then pulling back. Momentum has slowed down and TBH, I am not sure of the next move. IMO, I would want to wait for a pullback and bullish momentum for a long and a move higher from here, while shorts could work below PZ, but I would prefer to wait for the longs.
Hello fellow traders! Let's observe Yen for the last hour of trading for 2024, that is, 0030 to 0130 New York time . My expectation is that the market will not break pdl , but we could see aggressive selling in the last hour. We've already taken buyside and I'm not expecting it to go above 158.082, which is the 26th Dec '24 high. Short term sellside objectives seem obvious. Do they seem obvious to you? Not a trading advice. Enjoy the holidays and wish you all a Happy and Prosperous New Year 2025!!
The Bearish pattern is sitting at the bottom of the second leg at 88. It will deep lower to 49 in the next several weeks at least by Jan 30Th 2025.
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Scalping Analysis for PLTR: 1. Support and Resistance Levels: * Key support near $78-$79 (gamma support and recent horizontal level). * Resistance at $81-$84 (call wall and gamma resistance). 2. Key Indicators: * 9 EMA & 21 EMA: Price is below both EMAs on the hourly chart, indicating short-term bearish momentum. * MACD: Bearish crossover with negative momentum, signaling potential further downside unless a reversal develops. 3. Scalping Plan: * Bearish Scenario: * Entry: On rejection near $80-$81. * Target: $78, $76. * Stop Loss: Above $82. * Bullish Scenario: * Entry: Breakout above $81 with strong volume. * Target: $83, $84. * Stop Loss: Below $79. Swing/Day Trading Analysis for PLTR: 1. Trendlines: * PLTR broke below a recent consolidation pattern, indicating potential continuation to the downside unless support at $78-$79 holds. 2. GEX Analysis: * Strong call resistance at $84 and $90, indicating difficulty for bulls in breaking higher. * Put support near $78, $74, and $70, which could act as key demand zones. 3. Trade Scenarios: * Bullish Swing: * Entry: Near $78-$79 on reversal candlestick or breakout above $81. * Target: $84, $90. * Stop Loss: Below $77. * Bearish Swing: * Entry: Breakdown below $78 with retest confirmation. * Target: $74, $70. * Stop Loss: Above $80. https://www.tradingview.com/x/8uKhnROo/ Options Play with GEX Insights: 1. High GEX Areas: * Call Wall: $84, $90. * Put Wall: $78, $74. 2. Suggested Options Strategy: * Bullish Play: * Buy Jan 5th $84 Call if PLTR breaks and sustains above $81 with volume. * Target: Move toward $84-$86. * Risk: Below $79. * Bearish Play: * Buy Jan 5th $75 Put if PLTR breaks below $78. * Target: $74-$70. * Risk: Above $80. 3. Options Oscillator Metrics: * IVR (69.4%) is elevated, indicating higher options premiums. Favor directional plays with tighter stops. * Put skew (4.8%) suggests slight downside protection, but gamma resistance at $84 limits bullish upside. Insights: * PLTR is trading near a crucial support zone at $78-$79, with significant gamma resistance overhead at $84. Watch for confirmation of either a breakdown or a reversal to guide your trading decisions. * Volume Clarity: Increased trading volume at $81 or $78 will signal the strength of the next directional move. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
There was a substantial up-trend since Oct. 2020. This trend ended at about $100. Price increased to $127 but has since fallen to $106. There was resistance at $105 in 2014 and this is a key level again. Price is currently $106 and $105 is support. This is a crucial moment the stock given there is not a well-defined up-trend now, and price is so close to support. Also, volume has been decreasing during the up-trend since 2020 which indicates the trend is losing pressure to maintain it. Going long now is o.k., but a stop should be used at $104 which is just below support. If price falls below $105, the stock can be shorted down to support at $95. See three highlighted areas. This is a 10% drop from $106. This is not investment advice.
Scalping Analysis for NVDA: 1. Support and Resistance Levels: * Immediate support at $133 (put wall) and $132 (gamma support). * Resistance near $140 (call wall) and $142-$145 (gamma resistance zones). 2. Key Indicators: * 9 EMA & 21 EMA: Price is trading near these EMAs, showing indecision. A breakout above or rejection below these levels will provide clarity for scalping opportunities. * MACD: Bullish crossover indicates potential upward momentum, but confirmation is needed with volume. 3. Scalping Plan: * Bearish Scenario: * Entry: On rejection near $138-$140. * Target: $135, $133. * Stop Loss: Above $141. * Bullish Scenario: * Entry: Breakout above $140 with volume. * Target: $142, $145. * Stop Loss: Below $138. Swing/Day Trading Analysis for NVDA: 1. Trendlines: * NVDA recently broke below a rising channel, signaling potential downside unless it reclaims the channel. 2. GEX Analysis: * Strong resistance at $140 (call wall) and $145 (major gamma resistance). * Solid put support at $133 and $130 suggests limited downside in the near term. 3. Trade Scenarios: * Bullish Swing: * Entry: Near $133-$135 on support confirmation or breakout above $140. * Target: $142, $145. * Stop Loss: Below $132. * Bearish Swing: * Entry: Breakdown below $133 with retest confirmation. * Target: $130, $127. * Stop Loss: Above $135. https://www.tradingview.com/x/4TX8Hmwe/ Options Play with GEX Insights: 1. High GEX Areas: * Call Wall: $140, $145. * Put Wall: $133, $130. 2. Suggested Options Strategy: * Bullish Play: * Buy Jan 5th $140 Call if NVDA sustains above $140 with volume. * Target: Move toward $142-$145. * Risk: $138. * Bearish Play: * Buy Jan 5th $130 Put if NVDA breaks below $133. * Target: $130-$127. * Risk: $135. 3. Options Oscillator Metrics: * Low IVR (22.1%) indicates options premiums are cheaper, making directional plays favorable. * Call bias (12.2%) suggests slight bullish sentiment, but resistance at $140 could cap gains. Insights: * NVDA is at a pivotal zone with strong gamma resistance and put support. A breakout above $140 or a breakdown below $133 will likely define the next directional move. * Volume is Key: Watch for confirmation of breakouts or breakdowns with a spike in trading volume. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly and manage risk.
actualizacion fecha 30 diciembre, realizando la onda 3 de la 3