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Chevron: Progress!Chevron has dropped decisively, significantly advancing our primary scenario. In this scenario, we expect the ongoing turquoise wave 2 to find its low just above the support at $135.37, which should set the stage for fresh upward movement. In the meantime, the probability of our alternative scenario has been reduced to 32%. Still, the possibility of an already established low of the turquoise wave alt.2 and, thus, a direct breakout above the resistance at $166.91 should be considered.
NYSE:CVX
by MarketIntel
XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!" The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend. Entry 1st zone - 2630-2640 Entry 2nd zone - 2673-2683 Entry 3rd zone - 2726-2736
OANDA:XAUUSDLong
by Harkaran_Singh_Karan
Cloudflare: ResistanceBy expanding the green wave 3, NET recently stretched above the resistance at $117.70. However, the stock only briefly surpassed this level before encountering selling pressure, which pushed it back to its early December levels. Primarily, we expect the price to overcome this resistance to complete the green five-wave structure and, thus, the orange wave iii. A still ongoing wave alt.ii correction remains a possibility in the context of our 30% likely alternative scenario.
NYSE:NET
by MarketIntel
#ETHEREUM - BUY THE DIP LIKE A CHILL GUY ?Is now a good time to go long on Ethereum? Looking at the Fibonacci levels, we can see that Ethereum has just bounced off the golden pocket. This could signal a strong potential for upward momentum. Here’s my idea: 1. Enter a long position here and aim to hold until the 1.618 Fibonacci extension level. 2. Along the way, consider scaling into the trade at key retracements to maximize gains while managing risk effectively. What are your thoughts? Would you take this trade, or do you see other opportunities forming? Let’s discuss below!
Long
by maxim53
BTCUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders! what do you think about this chart. comment on my analysis and provide your feedbacks. current price: 100100 currently market is working above its supporting area 99500 and now market is about to hit a new high. market's retracement momentum was over, but because of news impact btc dropped. now btcusd market is trying to stabilize itself and will be trying reach the position 108000 soon. key points: supporting area: 99500, 102000 resistance area: 105000, 107000 Note: first target: 105000 second target: 108000 stop loss: 98500 kindly like, comment, and follow for more updates on btcusd. thanks for support!
CRYPTO:BTCUSDLong
by Ibrahim_Gold_Traders
1
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders, what do you think about this chart. current price: 2648 currently gold is working under resistance level and is about to go high. after breaking out bearish parallel channel market is back to its bullish movement and is trying to break the resistance above. after rejecting 2632 buyers are strongly supporting gold and has taken market back to its bullish track. if market continue its current trend then its first target will 2665 then after small retracement its next target will be. 2675. key points: demand zones: 2665, 2675 supporting area: 2645, 2636 don't forget to like, comment and follow. thanks for your precious time and support.
OANDA:XAUUSDLong
by Ibrahim_Gold_Traders
1
BTCUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders, what do you think about btcusd kindly share your opinion in the comment section. current price: 107500 after hitting all time high a strong bearish pullback is possible. market will retrace back upto 103600 then it will use this position as a support zone to go further high. currently market's target is 103600 which is our demand zone. key points: demand zone: 103600 retracement area: 107500, 108000 kindly like, comment and follow. thanks for supporting me
CRYPTO:BTCUSDShort
by Ibrahim_Gold_Traders
2
ETHEREUM: UNDERVALUED? WHAT IS THE NEXT MOVE?!In my opinion, Ethereum is currently very undervalued. However, I could see a potential correction to the downside in the short term to liquidate excessive leverage. Once the next weekly candle closes above the trendline, I believe Ethereum could experience a strong price surge upwards, potentially reaching the all-time high, and then targeting Fibonacci levels. Potential Scenarios: 1: Breakout Above Trendline: A close above the trendline on the weekly chart could signal a bullish move towards new highs. 2: Downside Correction: A slight dip could be seen to clear out leverage before a potential move upwards. What do you think the next Ethereum move will be? Is it more likely to be scenario 1 or 2? Let me know your thoughts!
BITSTAMP:ETHUSDLong
by maxim53
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
NASDAQ:PLTR
by MarketIntel
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello traders, kindly share you opinion about this chart in the comment section. current price: 2656 last week market created l-shoulder and head and r-shoulder. market did a breakout but could not properly retest. now market is suppose retrace upto 2675. last weeks w1 candle and today's d1 candle further support and indicate a bullish trend. if market breakouts 2662 middle resistance then its next move will be 2675 which is our demand zone. key points: demand zone: 2675 supporting areas: 2650, 2647 like, comment and follow. thanks for support.
OANDA:XAUUSDLong
by Ibrahim_Gold_Traders
#GOLD ANALYSIS UPDATEWorld gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%). ➡️ The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year. ➡️ Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market. PREMIUM CHANNEL AVAILBLE
OANDA:XAUUSD
by SadarExplore
Nvidia: Gradual ProgressNvidia’s stock has made slight progress toward fulfilling our primary scenario. We still anticipate -wave sell-offs down to the support level at $90.69, where the blue wave (IV) correction should finally conclude. However, our alternative scenario of an already finished wave alt. (IV) remains in play. In this case, the stock would resume its ascent as part of blue wave alt. (V), pushing well above the resistance at $152.89 to reach new highs and, thus, complete the overarching green wave alt. (probability: 37%).
NASDAQ:NVDA
by MarketIntel
EUR/USD Chart and Future Price target analysis 1. Highest open interest (OI) for Call option with high volume indicates higher probability of price. 2. Movement in that direction in the near future. 3. CME Vol & OI data as of 12.15.2024, 5 PM. 4. 10,600 strike price has the highest Put option OI. 5. Both high Put and Call OI at the 10,600 strike price with high volume. 6. 10,600 considered a strong price level. 7. Option expiry for January 2025. Total of 3 Resistance along ( OB, OP, FIB and Bottom Strong 3rd Deviation )
Long
by rcsaints
$BTC Profit Target Done and It's Just Beginning? BINANCE:BTCUSDT Take Profit Done and it's just a Begging? In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Bitcoin price started another increase above the $100,000 resistance zone. BTC is up nearly 5% and it traded to a new all-time high above $106,400. Bitcoin started a fresh surge above the $100,000 Zone. The price is trading above $102,000 and the 100 hourly Simple moving average. There is a connecting bulish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $102,500 support zone. Bitcoin Price Rallies Again Bitcoin price formed a base and started a fresh increase above the $100,000 zone. There was a move above the $102,200 and $103,500 levels. The price even cleared the $104,000 level. A new all-time high was formed at $106,487 and the price is now consolidating gains. It is slowly moving lower below the 23.6% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high. Bitcoin price is now trading above $102,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high. On the upside, the price could face resistance near the $105,500 level. The first key resistance is near the $106,500 level. A clear move above the $106,500 resistance might send the price higher. The next key resistance could be $108,000. A close above the $108,000 resistance might send the price further higher. Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame. Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible: --- ### ** 1. Recent Price Action Context ** - **Uptrend before consolidation**: - The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward. - **Consolidation period**: - After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control. - **Large wick and recovery**: - A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects: - **Strong buying interest** after a sharp dip. - Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up. - This could signify the presence of **demand** at lower levels. --- ### ** 2. Trader Psychology ** - **Strong buyers early on**: - The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment. - **Indecision phase**: - The small-bodied candles (e.g., doji) represent a point of hesitation: - Bulls may be taking profits after the strong rally. - Bears attempt to sell but struggle to push prices lower. - **Large wick psychology**: - A large lower wick indicates that: - Sellers tried to break support but failed to sustain the move. - This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**. - Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone. --- ### ** 3. Key Observations from Price Action ** - **Support Zone**: - The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves. - **Bullish recovery**: - The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up. - **Volume**: - The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers. --- ### ** 4. What to Watch for Next ** 1. **Breakout vs. Reversal**: - If prices break above the recent consolidation range, expect a continuation of the uptrend. - Conversely, failure to break higher could lead to further consolidation or a potential reversal. 2. **Support Retest**: - Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish. 3. **Volume Confirmation**: - Continued bullish price action with strong volume would confirm buyer strength. --- ### ** Conclusion ** The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move. Always feel free to like and comment here. We would love to hear you and respond. Best Wishes, Team StoxWare
NSE:BANKNIFTYLong
by Stox_Ware