Silver (XAGUSD): Anticipating a correction after new local highsTwo out of our three Silver positions remain active, with Silver reaching a remarkable high near $35. Today, we decided to fully close our second position, locking in substantial gains. The first position, initiated at $26.30, will remain open with a stop loss placed slightly below $26, aligning with the high-timeframe support and wave 1 level.
Given current analysis, a correction in Silver may be on the horizon after reaching the minimum target for wave 3. With increased Treasury yields and some profit-taking, Silver could face resistance in climbing further, especially considering the upward trend in yields.
While we cannot predict the exact speed of this potential downturn, if it unfolds as expected, we’ll look to re-enter with Silver certificates around the $30 to $28.30 range. The ideal correction would see a pullback toward the volume range high and a subsequent bounce within the 61.8%-78.6% Fibonacci zone, which we’ll confirm once wave ((a)) is established. Stay patient and focused, as volatility is expected to rise with the upcoming presidential elections.
Bullish Patterns
BULLISH GOLD AHEAD In the coming days we are monitoring GOLD for a big bullish run towards 2800 and ultimately 2916 level. Gold is currently expected to sweep the liquidity at 2700/2690 level before this move up. Its should also be noted that USA elections are coming up on 5th Nov hence a lot of volatility expected which will include a big drop on US DOLLAR. For the experienced traders happy hunting, for the new traders stay within reasonable risk. Use proper risk management. Best of luck to you all. GWG
Zebra Technologies (ZBRA) AnalysisCompany Overview: Zebra Technologies NASDAQ:ZBRA is making significant strides in AI integration within its enterprise asset intelligence and data capture services. The company is positioning itself as a leader in AI-driven innovation, with broad applications across multiple sectors. CEO Bill Burns has emphasized the strong rebound in enterprise mobile computing, reflecting sustained demand for Zebra’s innovative solutions.
Key Catalysts:
AI Integration: The use of AI in enterprise solutions is key to Zebra’s growth strategy. By enhancing its asset intelligence and data capture services, Zebra is positioned to lead in industries such as logistics, retail, and healthcare. AI can drive operational efficiency and improve decision-making for its clients, increasing demand for its advanced technologies.
Strong Enterprise Demand: The rebound in enterprise mobile computing across verticals signals long-term demand for Zebra's mobile and automation solutions, further solidifying its market leadership.
Productivity and Cost Savings Plan: Zebra’s 2024 Productivity Plan and Voluntary Retirement Plan aim to achieve $120 million in annualized savings, which should lead to improved profitability. These cost-saving measures could enhance both gross margins and operational efficiency, providing additional capital for strategic investments in technology.
Investment Outlook: Bullish Outlook: We are bullish on ZBRA above $340.00-$345.00, with the integration of AI in its services, coupled with cost-saving initiatives, positioning the company for sustained growth. Upside Potential: Our upside target is $500.00-$510.00, driven by increased AI adoption, strong demand in mobile computing, and the financial benefits from its productivity and cost-reduction efforts.
🚀 ZBRA—Leading the Future with AI and Enterprise Intelligence. #AIInnovation #MobileComputing #CostEfficiency
Bitcoin ATH 80K – A Technical Analysis UpdateIn my initial analysis on October 8, I projected Bitcoin's path toward an all-time high (ATH) of 80K based on a thorough review of Fibonacci retracement levels, trendlines, and market indicators. Now, with Bitcoin moving as anticipated, it's time for an update on the technicals and what we can expect going forward.
Key Technical Analysis:
Fibonacci Retracement Levels:
The 0.618 retracement level (~66,666 USDT) has proven to be a strong support zone. Bitcoin tested and respected this level, reinforcing the bullish momentum. With the price hovering around 66K, the next key level to watch is 71,068 USDT (0.5), followed by 75,471 USDT (0.382), which will confirm the trajectory towards the ATH.
Ascending Trendline Support:
The upward trendline I marked earlier has continued to act as a solid support. Price movements above this trendline signal continued bullish momentum, showing that buyers are confident at higher levels.
Channel Breakout:
Bitcoin broke out of its consolidation phase (March to September 2024) in line with the analysis. The breakout from the descending channel is significant, pointing to a sustained bullish trend. This kind of movement typically precedes higher price targets, which aligns with my projection toward 80K.
Moving Averages (MA):
The 50-day and 200-day moving averages are still in a positive alignment, offering support for the upward movement. As long as Bitcoin stays above these levels, the bullish case remains strong.
Volume and Market Sentiment:
Volume has remained relatively steady with no significant drops, which indicates there is still buying pressure in the market. This confirms that the breakout is supported by market demand and not just speculative moves.
Conclusion and Next Steps:
The technicals remain solid, and Bitcoin is following the path laid out in my initial analysis. With 71K and 75K as the next critical levels, the target of 80K remains highly achievable. However, while the long-term trend is bullish, traders should continue to monitor key support and resistance zones to confirm the strength of the move.
In summary, the chart speaks for itself. The breakout, moving averages, and Fibonacci retracements are all supporting the case for a new ATH. Stay focused on the broader trend and be prepared for the continuation of this bullish cycle.
Stay updated for further developments.
LILIUM LILM Bullish ideaThis stock is awakening.
After long bear market for this stock, there is apparently an accumulation zone created.
The volatility is getting lower and lower.
To me it looks like the bulls are getting back.
Idea with target on the charts.
NFA,
GL
AR Long Spot Trade (Low Volatility Expansion)Market Context: AR is holding above a critical level with low volatility, suggesting a potential expansion soon. This offers a good entry opportunity.
Trade Setup:
Entry: Around $18
Take Profit:
First target: $24
Second target: $30
Stop Loss: Below $16.5
This trade is positioned for potential breakout and expansion. #AR #Crypto #Trading #Volatility
Price Movement Insights: Reversal or Continuation?4H Chart
Current Price: 148.656
Reason for Bearish Reversal:
• Ascending Broadening Wedge (Bearish Reversal Pattern)
• RSI in Oversold Territory (Potential Correction)
Bearish Reversal Price Targets:
• 1st TP: 146.875
• 2nd TP: 143.750
• 3rd TP: 139.557
Conversely (Bullish Targets):
• 1st TP: 150.000 (Psychological Level)
• 2nd TP: 151.563
• 3rd TP: 153.125
Wishing you successful trades!
USD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
USD/JPY is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of 153.103.
✅LIKE AND COMMENT MY IDEAS✅
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌What is Palladium used for?
Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances.
📌How Rare is Palladium?
Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room.
📌Technical Analysis:
This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red.
As long as the bulls hold, I expect a bullish continuation towards the $1700.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HAMSTER KOMBATHamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential:
Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030.
Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success.
Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal.
Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market.
Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.
NEAR Long Spot Trade (Retrace to Support) Market Context: NEAR has retraced to a major support level, providing a favorable long spot trade opportunity.
Trade Setup:
Entry: Around $4.50
Take Profit:
First target: $5.00 – $5.55
Second target: $6.50 - $7.00
Stop Loss: Below $3.90
This setup aims to take advantage of the strong support for a potential bounce. #NEAR #Crypto #Trading #Support
3M (MMM): Building a Bullish Case Despite HeadwindsWith 3M's earnings yesterday, it’s the perfect moment to analyze the stock and assess the upcoming opportunities. The company is expected to have benefited from its restructuring actions, such as headcount reduction, likely lowering costs and improving margins this quarter. Its disciplined spending and restructuring savings could also boost profitability.
Despite these positive factors, challenges in 3M’s packaging and expression, along with home and auto care divisions, may drag down its performance. Lower consumer retail spending on durable goods is expected to impact its Consumer segment's results.
From a technical standpoint, 3M’s surge from the support zone recently was strong enough to shift the weekly trend from bearish to bullish. Such a structural change on the weekly chart is significant, as it's not common to see such a clean trend reversal. However, as often happens with sharp upward movements, we are now seeing a bearish divergence on the RSI. This divergence doesn’t mean a pullback is imminent but suggests that one could happen eventually.
Looking at the daily chart, there may be potential for 3M to move higher if wave 1 isn’t complete. Even if earnings were positive, we should still witness a pullback. We are looking to build a position by layering bids at key levels. Our first target entry is the gap high, followed by the gap low, which aligns with the 50% Fibonacci level. If the price continues to drop, we’ll continue adding bids down to the 78.6% Fibonacci retracement level. Our stop loss will be set below wave (2) to safeguard the trade. A break below this level would invalidate the bullish outlook and could result in a drop to $56, though this scenario seems less probable for the near future.
ATOM ANALYSIS📊 #ATOM Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending Channel. But there is an instant resistance zone.🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout of the pattern
👀Current Price: $4.800
🚀 Target Price: $6.580
⚡️What to do ?
👀Keep an eye on #ATOM price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ATOM #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Coinbase (COIN): Strong push ahead after Bitcoin surge!After our last analysis on NASDAQ:COIN two months ago, we saw another leg down into the golden pocket and the imbalances we were watching. These got partially filled, reaching around 50%, which provided the necessary strength for a push higher. This recent jump is largely due to Bitcoin's rise over the past weeks, as Coinbase, being a major holder of Bitcoin, has directly benefited from this positive development.
This surge was strong enough to invalidate the bearish trend on the higher time frame, confirming that a bullish sequence is now in play. The biggest and closest resistance ahead is the VAH (Volume Area High) traded since November 2023. With the RSI currently overbought and showing a bearish divergence, a pullback could be on the horizon. However, we aren't too concerned about this unless the price drops below $160.50. The bullish outlook will only be invalidated if it dips under $145.
One thing to note about NASDAQ:COIN is its heavy correlation with Bitcoin, which introduces more volatility. The crypto market is also playing a key role in the U.S. elections, with both Trump and Harris addressing the sector. This could provide some tailwinds for Coinbase in the future.
In terms of the broader outlook, the potential wave ((iii)) could see a rise toward $263-$323, though this will take time to unfold. Given the market dynamics, it's better to remain cautious, but the setup looks promising.
Overall, we continue to monitor NASDAQ:COIN closely, but we are more inclined to invest in Bitcoin itself due to the inherent correlation and volatility with the stock.