Looks like a good zone to potentially take a buy from with my major timeframes lined up. Once price taps in again I’ll be looking for entry on 1h, 2h, or 4h timeframes
different between OB without inducement and OB with inducement
LUCID GROUP - NASDAQ:LCID ?? -H5 Indicator is GREEN -Falling wedge -Breaking out of downtrend -Massive Volume Shelf -Bullish Wr% ✅H5 Trade once we get BREAKOUT! Entry: $3.51 Stop-Loss: $2.33 Risk/Reward: 3 ?$7 ?$9.75 Not financial advice
If making thousands of percent wasnt enough, lets ride xrp up only to put pofits into XLM and make thousands again.
HIGH TIMEFRAME DOWNTREND ANALYSIS TECHNICAL ANALYSIS Resistance: 161.03 (Major Resistance, distal) 158.33 (Major Resistance, proximal) These levels are aligned with previous rejection zones. 157.8650 (Sell Stoploss Zones) Support: 147.7718 (Strong pivot level from historical lows). 144.8898 and 144.1802 (Mid pivot and buy orders zone). Pivot Zones: 153.4900 (Sell limit identified) 149.7555 (Mid Pivot TP 2 target). Trend: The pair is in a downtrend as highlighted on the chart, with key resistance zones being tested. Pivot Highs and Lows: Pivot highs are aligning with bearish divergences, as seen in areas of DT (Double Top) confirmations. Pivot lows signal potential reversals near support levels, supported by UT (Upward Trend) signals. Volume and Risk Metrics: Volume around Resistance 158 shows diminishing upward momentum, increasing the likelihood of rejection. Risk Index: 0.01853 indicates manageable risk levels for short trades. Reward Index: -0.01521 signifies opportunities for improved reward setups on lower timeframes. PROBABILITY ASSESSMENT Bearish Scenario: Rejection from the 153-158 range offers significant downside probability toward 147.77 and 144.18. Bullish Recovery: A confirmed breakout above 158.04 with strong volume could invalidate the bearish outlook, targeting 160.00. FUNDAMENTAL ANALYSIS Macroeconomic Context: The Bank of Japan (BoJ) has maintained ultra-loose monetary policies, which contrasts with the U.S. Federal Reserve's higher interest rate stance. This divergence favors dollar strength. However, seasonal tendencies show that December often has corrective movements due to year-end profit-taking and reduced trading liquidity. Economic Data: Upcoming U.S. GDP and BoJ Monetary Policy Minutes could catalyze volatility. Watch for geopolitical developments impacting the Yen as a safe-haven currency. Market Sentiment: Investor sentiment is cautious. With the chart showing multiple sell zones and exhaustion signals Traders may wait for confirmation before heavy entries. TRADE RECOMMENDATIONS High-Risk Opportunities: Sell Entry: Stop Loss: Above 158.0416 157.06 (Sell Limit Order) 155.44 (Sell Stop Order 1) 153.49 (Sell Stop Order 2) Target: 147.84 (Major Support) Buy Entry: Entry: Near 144.1802 Stop Loss: Below 141.64
Solana has been witnessing severe fud and has falling and neglected by most traders. Sol has now formed an Adam and Eve pattern which as a variation on a double bottom pattern. A recovery to $213+ seems like a likely target for these said patterns. DYOR.
? XRP JUST IN! Tom Lee’s Bold Prediction: $10 or $35 for CRYPTOCAP:XRP ? ? Tom Lee, a renowned crypto analyst and co-founder of Fundstrat Global Advisors, has turned heads with his optimistic forecast for XRP, Ripple's digital asset. According to Lee, XRP could surge to $10-$35, depending on critical developments in the crypto market and regulatory landscape. --- ? Key Factors Influencing XRP's Potential Growth ? Regulatory Clarity: The Ripple Labs vs. SEC lawsuit remains a game-changer. This case, which debates if XRP should be classified as a security, could reshape XRP’s future trajectory and its regulatory standing. ? Market Adoption: Wider use of XRP in cross-border payments and partnerships with financial giants could boost demand and drive prices higher. ⚙️ Technological Advancements: Improvements to the XRP Ledger and new innovative features may enhance investor trust and attract a broader user base. --- ? Current Market Overview Price: $2.21 (as of Dec 23, 2024) ? Change: Down 3.07% from the previous close Intraday High: $2.28 | Low: $2.13 --- ? Conclusion Tom Lee’s prediction of XRP hitting $10 to $35 is bold but hinges on: ✅ Favorable regulatory outcomes ✅ Growing adoption by financial institutions ✅ Continuous innovation ? Investors Alert: Cryptocurrency markets are highly volatile. Do thorough research before making any decisions! ? Disclaimer: This content is for informational purposes only and is NOT financial advice. Always Do Your Own Research --- ? Where do you think XRP is headed? Share your thoughts! ?️
Trade Plan for the Next 4 Hours Time Direction Entry Take Profit Stop Loss 2024-12-24 02:30:00 Short 2612.48 2612.31 2612.65 2024-12-24 02:45:00 Short 2609.88 2609.24 2609.24 2024-12-24 03:00:00 Short 2609.09 2608.39 2608.39 2024-12-24 03:15:00 Long 2612.27 2612.75 2611.79 2024-12-24 03:30:00 Long 2616.03 2617.61 2614.45 2024-12-24 03:45:00 Long 2615.98 2617.23 2614.73 2024-12-24 04:00:00 Long 2614.56 2615.12 2614 2024-12-24 04:15:00 Long 2614.27 2614.65 2613.89 2024-12-24 04:30:00 Short 2612.6 2612.41 2612.41 2024-12-24 04:45:00 Short 2611.4 2610.92 2610.92 2024-12-24 05:00:00 Short 2611.23 2610.84 2610.84 2024-12-24 05:15:00 Short 2611.53 2611.36 2611.36 2024-12-24 05:30:00 Short 2610.73 2610.39 2610.39 2024-12-24 05:45:00 Short 2610.57 2610.29 2610.29 2024-12-24 06:00:00 Short 2611.6 2611.46 2611.74 2024-12-24 06:15:00 Long 2611.74 2611.93 2611.55
The price is currently trading in discount zone, indicating a favorable entry point for a potential long position. - The easy target for this trade is marked within the **premium** zone, where the price is likely to encounter resistance. - The ultimate target for this trade is the **ATH (All-Time High)** at 3.480 USDT, which represents a significant profit potential. Trade Strategy: - Entry: Anywhere in discount area - Targets: 1) easy target near 1.90$ 2) 2.716$ 3) ATH - Stop Loss: below 0.707$ Summary : This chart suggests a bullish outlook with potential for gains in the medium to long term, assuming the price holds above the support level and progresses toward the premium and ATH target areas. Monitor for any price retracements for ideal entry points.
Here at Burnt Candle, we are Bullish on a long term basis. On this particular chart, we are waiting for price to drop first into our area of interest to look for buy opportunities to continue the anticipated Bullish momentum. Remember, clear charts better vision