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Beyond Technical Analysis

Can ALGO Break Free? Bulls Eye $0.531, but First $0.453! Algorand ALGO is tiptoeing around $0.4288, the mid of the range zone with slow and choppy price action. 1 A decisive break above $0.453 could give the bulls a reason to celebrate, clearing the path for a run toward the next resistance at $0.531. If momentum builds, we could see ALGO stretching its legs and aiming even higher (Green Projections). 2. On the flip side, if $0.398 fails to act as a safety net, things could get bearish short-term. Bears might take charge, dragging the price toward the next support at $0.32. That’s where traders may want to look for potential signs of life and opportunity to DCA (Red Projection). To sum it up: $0.453 is the hurdle bulls need to clear for upside excitement, while $0.398 is the line in the sand for buyers. It’s ALGO’s time to decide—will it climb higher or hit the floor? Stay tuned!
by Trade-Lean
USD/CAD -Volume Spread AnalysisHere is a perfect example of Pushing Up through Supply. As shown, when up-trending markets experience the phenomenon created by Market Makers in which supply us introduced to the market. (Notice the Pivot Highs at 1.41942 and 1.41968 which are 4 pips apart) These levels of supply are known by the market makers and are used to lock in bullish traders. As the market moves against the locked in traders we notice Ultra High Volume (UHV) shows up. As we analyze the volume it suggests professional supply has entered the market and is confirmed by the following Wide Spread and Excessively UHV. This confirms the intention of the professionals to lock in bullish traders and create an over head supply zone. The following price movement has UHV as well but less than the previous bar and it also closes bullish but inside the larger UHV bar. Peculiar for a market that is doomed to fall to the abyss don't you think? Looking back to the previous 40 price bars we notice price held support above the level of the previous pivot low at 1.40926. The supply diminishes from this point as price creates a Lower High (LH) then a Higher Low (HL). We also notice the spread bodies of the bars leading to the pivot low at 1.41304 are smaller than any other downward push since the consolidation period on the 10th of December. This implies supply has diminished until we come back in contact with the supply created by the Market Makers. The UHV suggests supply is present. However, the next bar shows demand is also present and supply has suddenly diminished at the resistance as well. Prices then proceed to "Push up Through Supply" volume diminishes and prices rise through the supply which is termed and "ease of movement". This is an aggressive BUY SIGNAL which implies prices will not come back to retest the previous area of resistance turned support known as the backup to the edge of the creek. You have to be aggressive at these moments because prices will not return to the retest the structure as the handling maneuver is completed a as it leaves the re-accumulation area.
Education
by JHair20
NVDA Analysis in Three Trading Strategies1. GEX Analysis for Options Trading Gamma Levels and Key Insights: * Support Levels: * $130: Major put support, showing strong downside protection. * $128: Next support level (3rd Put Wall). * Resistance Levels: * $134: HVL (High Volatility Level) and pivotal gamma level for upside moves. * $136: Highest NET GEX, indicating a strong resistance zone. * $137–$140: Major call wall resistance. * IV and Sentiment: * IVR: 38.9, suggesting moderate implied volatility. * Calls %: Moderate at 37.3%, indicating mixed sentiment. Options Strategy: * Bullish: * Buy calls above $134 with a target at $136 and $137. * Use $132 as a stop-loss. * Bearish: * Buy puts below $130 with a target of $128 and $126. * Use $132 as a stop-loss. 2. 1-Hour Chart for Swing/Day Trading Key Observations: * Trend: Downtrend with lower highs and lower lows, confirming bearish sentiment. * Support and Resistance: * Support at $130, aligned with gamma levels. * Resistance at $134. * Indicators: * EMA (9/21): Bearish alignment with price below both EMAs. * MACD: Bearish crossover, confirming downside momentum. Swing/Day Trading Setup: * Bullish: * Entry: Above $134 with volume. * Target: $136 and $137. * Stop-loss: Below $133. * Bearish: * Entry: Below $130. * Target: $128 and $126. * Stop-loss: Above $132. 3. 2-Minute Chart for Scalping Key Observations: * Trend: Strong intraday selling pressure with no significant recovery. * Scalping Levels: * Resistance: $131.20. * Support: $130.00. * Volume: * Selling pressure increased during the latter half of the session. * Indicators: * EMA (9/21): Dynamic resistance, confirming bearish structure. * MACD: Bearish divergence with no signs of reversal. Scalping Strategy: * Bullish: * Entry: Break above $131.20. * Target: $132.00. * Stop-loss: Below $131.00. * Bearish: * Entry: Break below $130.00. * Target: $129.00. * Stop-loss: Above $130.20. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk appropriately before trading.
NASDAQ:NVDA
by BullBearInsights
1
Will the interest rate cut in late 2024 happen? XAU UP OR DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/16 - 12/20/2024 🔥 World situation: Although gold posted some losses, it remains up nearly 1% for the week, supported by a mix of US economic data. While inflation figures were varied, the latest Initial Jobless Claims report strengthened investor confidence in a December rate cut by the Federal Reserve. Attention now shifts to the Fed’s December 17-18 policy meeting, with traders pricing in a 93% likelihood of a 25 basis point cut, according to CBOT data. Following the announcement, all eyes will be on Fed Chair Jerome Powell’s press conference for insights into the policy direction for 2025. 🔥 Identify: H4 is seeing price close to the bullish trendline - which will be validating the last rate cut of the year. There will be some upside but it will still be difficult to break above the 2723 price zone 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2678, $2723 Support : $2613, $2590, $2535 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
ADAUSDT Technical Analysis What is happening with ADAUSDT? A notable decrease in user participation on the Cardano network has been observed since the end of November. This is reflected in the drop in the number of active addresses and new addresses on the Cardano blockchain. Lower network activity can be interpreted as a lack of interest or use of the platform, which is a negative sign. Decrease in Total Value Locked (TVL) The TVL in Cardano has also shown a downward trend in recent weeks. TVL is the total value of assets locked in decentralized finance (DeFi) protocols on a blockchain. A decrease in TVL may indicate a loss of confidence in DeFi projects built on Cardano or a migration of capital to other platforms. Investor Concerns Some investors have expressed frustration and concern about ADA's performance, especially compared to other cryptocurrencies like Bitcoin. Some have even stated that they have achieved better results with other lower market capitalization cryptocurrencies. This dissatisfaction can generate selling pressure on ADA. Unfavorable Comparisons Some users have commented that ADA is underperforming compared to Bitcoin, raising doubts about its growth potential. Analyzing, we can observe that the price is experiencing strong rejection at its current price, which will lead us to a price correction/decline. The asset had almost no upward volatility in this bullish market moment; therefore, any position that is sought should be short (or bearish).
Short
by MysticWhiteU
XAU/USD - Sell Limit Opportunity After Liquidity GrabGold (XAU/USD) has reached a key liquidity zone above resistance, setting up a potential sell limit opportunity. This move reflects a classic liquidity grab, where smart money clears stop-losses before reversing the market. Key Observations: Liquidity Sweep: Price action spiked above a significant resistance level, triggering stop-losses and trapping buyers, suggesting a potential reversal. Market Structure: Bearish signals, including rejection candles and waning momentum, indicate a possible downside move. Optimal Entry: A sell limit at aligns with the liquidity grab and anticipated reversal zone. Trade Plan: Entry: Sell limit at , positioned for a move downward from the liquidity zone. Stop Loss: Above the liquidity sweep to account for market volatility. Take Profit: Targeting key support levels around for a favorable risk-reward ratio. Risk Management: This setup leverages the liquidity sweep for a high-probability trade, but disciplined risk management is crucial. Monitor for confirmation of bearish momentum before full execution.
OANDA:XAUUSDShort
by Vusizwe_Capital
Fast profit idea update - determining the exit price for $GFIUSDLadies and gentlemen minutes ago, I alerted you to a potential fast profit opportunity in the goldfinch protocol, I put in an order to buy at $1.3365, which depending on how the price approaches that level I may adjust to $1.36-38, and I may not have time to update you on that, but currently this is where I am. In this short addendum video, I have determined my exit point to be roughly $1.83, and though I don't say it in the video, I have just now identified another potential exit point a little bit lower if necessary at $1.65. As always, ladies and gentlemen, this is not investment advice. Follow me at your own risk. I am a day trader not an investor. I do things very quickly..
COINBASE:GFIUSDLong
by Hollywood260AB
3
GOLDEN INFORMATION / GOLD UPDATE / WEEKLY CLOSING / FED UPDATETRADINGVIEW: plan day 12/20/2024 (Friday) ⭐️GOLDEN INFORMATION: Thursday's US economic data revealed a decline in unemployment claims, while the final Q3 GDP report from the Bureau of Economic Analysis confirmed 3.1% year-over-year growth. Despite these figures, market attention remains focused on projections for 2025. The Federal Reserve (Fed), led by Chair Jerome Powell, reduced interest rates by 25 basis points, though the decision was not unanimous, with Cleveland Fed's Beth Hammack dissenting in favor of maintaining current rates. Fed officials have also shifted focus to inflation, as reflected in the dot plot. Their projections indicate two 25-basis-point rate cuts in 2025 and another two in 2026. ⭐️Personal comments PIPS & PROFIT: Strong Bearish Trend - Pressure on Market Maintains Around 2600 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2626 - $2628 SL $2633 TP1: $2620 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2576 - $2574 SL $2569 TP1: $2582 TP2: $2590 TP3: $2600 Let support Pips & Profit by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🌸🌸🌸
FXOPEN:XAUUSDShort
by PIPS_n_PROFIT
XAUUSD (Gold) Bullish trade Idea over the breakout of 2604.02 leXAUUSD (Gold) Bullish trade idea over the breakout of 2604.02 level. Gold fell on the recent 18 Dec 2024 FOMC, and on 19 Dec 2024 the unemployment data was strong for the US dollar, so now I am watching the buy-side trade idea over the breakout of the 2604.02 level with strong confirmations of price at this level. The setup must meet the required momentum in the price. The sentiments also show the price will move as per the data revelled from various sites. Setup; Gold Buy at level: 2604.2-2605.2 Stop Loss: 2599.2 (50 pips) or the low of previous candle Take Profit; 2623 *Note; If the valid breakout will be found then the setup also valid otherwised find more oppercunity.
FOREXCOM:XAUUSDLong
by Bloom_Forex_Official
WHAT NEXT FOR BITCOIN?Will December Be Good for Bitcoin? A Look at Past Trends As December approaches, Bitcoin traders often wonder if this month will be positive for crypto or if it will end in losses. Let's look at how Bitcoin has performed each December for the past 10 years: Bitcoin's December Trends (2013–2023) 2013: Started at ~$1,000 and ended at ~$750 (-25%). Early excitement faded due to profit-taking and worries about Mt. Gox. 2014: Started at ~$375 and ended at ~$320 (-15%). The Mt. Gox hack earlier in the year hurt confidence. 2015: Started at ~$360 and ended at ~$430 (+19%). Renewed optimism brought a small rally. 2016: Started at ~$740 and ended at ~$960 (+30%). This steady increase hinted at the big run in 2017. 2017: Started at ~$10,800 and ended at ~$14,000 (+30%). Bitcoin reached a peak mid-month but started a bear market by year-end. 2018: Started at ~$4,000 and ended at ~$3,800 (-5%). The market was down 80% from its peak. 2019: Started at ~$7,500 and ended at ~$7,200 (-4%). Modest losses as the market was stable. 2020: Started at ~$19,500 and ended at ~$29,000 (+48%). COVID-19 increased Bitcoin’s popularity, leading to big gains. 2021: Started at ~$57,000 and ended at ~$46,000 (-19%). Concerns about inflation led to a drop. 2022: Started at ~$17,000 and ended at ~$16,500 (-3%). The FTX collapse kept the market weak. 2023: Started at ~$40,000 and ended at ~$42,500 (+6%). A recovery year with modest gains. What to Watch for in December 2024 1. Federal Reserve Policy: An expected rate cut on December 18 has supported market optimism. A change in this plan could affect prices. 2. Institutional Investment: Bitcoin ETFs have gained popularity, attracting over $100 billion in 2024. 3. Market Sentiment: With Bitcoin above $100,000, the target is now $125,000, but volatility is possible. 4. Political Factors: President-elect Trump’s pro-crypto stance, with promises of favorable policies, adds to the market’s positive outlook. Looking to 2025 Bitcoin’s future looks promising with growing institutional and consumer interest, friendly regulations, and a supportive economic environment. While $108,000 is a milestone, many expect even higher prices as Bitcoin continues to evolve. As 2024 ends, traders can expect more action. Stay ready, watch the market, and best of luck in the new year.
by SherrySOC
1
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level. Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level? In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested. Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough. When the market breaks the 2.00820 level, put buy trade. Buying zone: 2.00381 - 2.0082 Stop loss: 1.99778 Take Profit Level: 2.0158-2.02763
Long
by Bloom_Forex_Official
Negative News - XAU Continues Bearish Cycle ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rebounds from a one-month low near the $2,584-$2,583 region seen during the Asian session on Thursday, halting a two-day losing streak. Geopolitical tensions and trade war fears, combined with the Federal Reserve's (Fed) hawkish shift on Wednesday, have weighed on global risk sentiment. The resulting declines in equity markets have driven safe-haven demand for gold. However, the Fed's signal of a more cautious approach to rate cuts next year has kept US Treasury yields near multi-month highs and supported the US Dollar (USD), which remains close to a two-year peak. These factors could limit gold's upside, urging caution for bullish traders. Market participants now await US economic data, including the final Q3 GDP figures and Weekly Initial Jobless Claims, for short-term trading cues. ⭐️Personal comments NOVA: The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
Bitcoin Poised for a Potential Drop: Will BTC Test the 95K SuppoPrice Action: The chart shows a sharp decline from recent highs, with the price currently around the 100,259 level. Support and Resistance: There is strong resistance highlighted in the red zone above the price, which previously rejected the price upward. Below the current level, there is green support near the 95,000 mark. Trendline Break: The orange upward trendline has been breached or is very close to being breached, signaling potential bearish movement. Projection: The white arrows illustrate a potential pattern where the price may bounce slightly after breaking the trendline but could ultimately fall toward the 95,000 level. The chart shows a projected drop of ~11.57%, which aligns with a fall to 95,000. Conclusion: The chart suggests a bearish scenario where Bitcoin (BTC) may fall to touch the 95,000 support level after breaking the upward trendline. If BTC fails to hold this trendline and support area, further downside movement is likely.
Short
by bullanceprime