Be patientPrevious weekly candle is a huge hammer.
1.1 area has been cleared nicely.
We are on two ascending channels.
Descending wedge is broken.
I'm waiting for a pump right from here.
Chart Patterns
Downward pressure on S&P 500 Index intensified past daysYesterday's sell-off damaged the S&P 500's 50-day moving average. While we initially saw a bounce back at the opening, it didn't hold. This makes the 5925 level a critical point to watch as we head toward the end of the year.
For those keeping an eye on the charts, a trendline has been intact since the low in October 2023. Although it was breached during the August downturn, we managed to rally back into the bullish channel that's been forming since the fourth quarter of 2023. This channel offers support around the 5800 mark, and I anticipate this level will hold as we close out the year. Should we dip further, the following support levels to watch are 5690 and 5525.
While I don't foresee us dropping to these lower levels before year-end, it's essential to acknowledge the potential downside risk. The market sentiment shifted following the Federal Open Market Committee (FOMC) meeting, giving sellers the upper hand for the first time since the summer.
When is altcoinseason?
I think altcoinseason is getting closer.
We have to follow the trend line, the dominant one has already reached a sensitive area, it may go up a little more, even up to 66%, who knows, maybe even a little more, but when the trend line breaks, that's when we'll have the first serious signs from the start of altcoinseason.
It is quite difficult to reach the 70% area because the market in general has matured and matures from cycle to cycle.
Bearish drop?EUR/CAD is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as an overlap support.
Pivot: 1.49673
1st Support: 1.48477
1st Resistance: 1.50585
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Trading opportunity for BGBUSDTBased on technical factors there is a Sell position in :
📊 BGBUSDT
🔴 Sell Now
🪫Stop loss 4.7000
🔋Target 1 3.4000
🔋Target 2 3.0000
🔋Target 3 2.5000
💸RISK : 1%
We hope it is profitable for you ❤️
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Inside day expected on MondayOn Monday it is expected for that day's session to trade within the Fridays range.
XAUUSD TECHNICAL ANALYSIS hello traders. what do you think aout gold market.
current price. 2611
after being hit by news event market is trying to stabilize itself and at this position a strong retracement is expected.
key points.
supporting areas. 2604, 2595
demand zone. 2620, 2635
don't forget to like, comment and follow.
$OM: The Unstoppable King of #RWABelieve the hype!
NASDAQ:OM is the real #RWA King and is superior to all other #RWA player.
No one is even close.
It is the main character of this cycle and will outperform all.
Fuds will not derail the strong momentum, it's matter of time before it shoots past $10+
#OM MANTRA #Binance #RWA
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBP/CAD Short GBP/CAD looks like it has broken out of the upwards channel it was following.
2 TP markers marked up.
BULLISH ON BTC AFTER TODAYS CLOSEBTC in a range price has touch current support. This support would hold due to high demand for crypto assets. Expecting price to go higher, break resistance, then go up to a 120k
EUR/USD SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on EUR/USD right now from the support line below with the target of 1.059 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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near/usdtin my opinion, near and all crypto market will fall and I think the entire crypto market will fall, because btc.d is rising up.
And also the policy of the US government is to cover the budget deficit and the depreciation of the dollar from the pockets of the people as usual.
That is why they increased the price of Bitcoin so that more money enters the market
When more money enters the market, they reduce the price and collect their profits.
In general, the Bitcoin market will be bearish for now and until the dominance of Bitcoin falls, altcoins will be in a disastrous situation
Because when Bitcoin was $64,000 three years ago, altcoins were at their historical ceiling, but now, even though Bitcoin has exceeded $100,000, they are spending at the bottom of 2020
NasdaqOn daily timeframe the Market is Extremly bullish, and on strong support of pscychological level. And also on cot report we have more bullish net position than bearish once. And H4 we can see that it is also bullish,till 23000
BTCUSDBlood on the streets stay woke Fam this may get messy bears are angry and will dump the assets to inflict all sorts of maximum pain.
Bitcoin and altcoin overview (December 20-21)Bitcoin did not follow the priority scenario and broke through the buying zone of $102,000-$100,000 (accumulated volume) without a proper secondary reaction.
At the moment, the local scenario has shifted to bearish, with all major volumes located above, so we only consider going long after confirmation or consolidation above the now mirrored selling zone of $100,000-$102,000.
Currently, there is a small absorption of sales in cumulative delta, but there are no reversal formations, we expect a test of the $94,200 level and will monitor the reaction.
Selling zones: $100,000-$102,000 (mirrored volume zone), $103,200-$104,200 (local volume zone).
Buying zones: level $94,200 (buyer aggression), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
For altcoins, we are only considering local formations
TRBUSDT 1WTRB ~ 1W
#TRB If you still have Conviction on this coin,. Buy gradually within this support block,. with a short term target of at least 20%++
HBAR BUY COMING SOONBuying HBAR around the weekly order book. A strong bounce around the 0.44-0.37 range is expected. Bids have been placed.
20.12.24 Morning ForecastPairs on Watch -
FX:GBPAUD
FX:EURUSD
FX:NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
SRF Good to rally up if holds above 2355 on daily chartNSE:SRF has broken out of a downtrend with strong buying momentum. The breakout indicates a potential upward move.
- The price has decisively crossed the trendline, confirming bullish sentiment.
- Increasing volume on the breakout confirms participation by buyers.
Entry Point: Around 2,325 INR (current level or on slight pullback).
Stop-Loss: 2,220 INR (below recent swing low).
Targets:
Target 1: 2,500 INR.
Target 2: 2,625 INR.
Monitor the price action closely for sustained momentum above the breakout zone.
🔴 Disclaimer - Not a Buy/Sell Recommendation.
TrendX Institute of Technical Analysis
(A Unit of Candlestick Institute OPC Pvt Ltd.)
GSTIN NO. - 07AALCC8499B1ZA
USDCAD Is Still BullishAfter the USDCAD had recently risen significantly, the exchange rate is now correcting. This healthy movement offers us the opportunity to enter a new long position in the bullish order block. The momentum in USDCAD is clearly pointing upwards in the medium to long term and retailer sentiment is decidedly bearish, which suggests a further bullish impulse.
A bearish order block just below the recent highs would be a good price target for a long trade.
