BankNifty Intraday Support & Resistance Levels for 17.12.2024On Monday, BankNifty opened negative, made a high of 53738.90, and fell to a low of 53335 during the session. It closed almost flat at 53581.35, losing just 2 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive.
Demand/Support Zones
Near Demand/Support Zone (75m): 52264.55 - 52665.15
Far Demand/Support Zone (Daily): 51693.95 - 52197.25
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
Supply and Demand
ALCXUSDT %110 Daily Volume Spike! | Huge Opportunity!ALCXUSDT has recorded a 110% increase in volume, signaling renewed market activity. This time, buyers have stepped into the market, which strengthens the potential for upward moves.
📌 Key Focus:
The blue box zone will be the critical level to watch. As the price approaches this region, I will closely monitor upward breakouts on the lower time frames to confirm buyer momentum and potential continuation.
🔑 Why It Matters:
The volume surge, combined with buyer activity, creates a favorable setup.
Breakouts supported by increased volume can offer high-probability trade opportunities.
I will remain patient and wait for clean breakouts with stability to avoid false moves. This setup will be closely followed as the price action develops.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
Nifty Intraday Support & Resistance Levels for 17.12.2024On Monday, Nifty opened negative, made an initial high of 24781.25 but slipped to a low of 24601.75 during the session. It closed at 24668.25, losing 100 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be positive.
Demand/Support Zones
Near Demand/Support Zone (15m): 24180.80 - 24342.50
Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested)
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone)
Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60
Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
MLNUSDT %330 VOLUME SPIKE BUT BE CAREFUL!BINANCE:MLNUSDT has observed an impressive 330% increase in volume, indicating a notable rise in market activity. Despite this surge, buyers have not yet stepped into the market, which makes the current price movement uncertain.
📌 Key Approach:
I will closely watch the price as it approaches the blue box zone. This area will serve as a critical level for potential reactions. On the lower time frames, I will look to evaluate and confirm any upward breakouts that may signal buyer momentum.
🔑 Why This Zone Is Important:
Volume increases without buyer activity can hint at accumulation or indecision in the market.
The blue box zone will be my point of focus to assess whether buyers enter the market and push the price upward.
Patience and confirmation are essential. I will prioritize stable breakouts supported by volume to avoid false signals and ensure higher probability trades. Updates will follow as the price action unfolds!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
RUNEUSDT %151 VOLUME SPIKE BUT BE CAREFULRUNEUSDT: Volume Surge Without Buyer Confirmation
RUNEUSDT has recorded a 151% increase in volume, signaling heightened market activity. However, buyers have yet to step into the market decisively, which leaves the current movement uncertain.
📌 Key Strategy:
I will carefully monitor the price as it approaches the blue box zone. This area will act as a potential demand zone where reactions might occur. If upward breakouts emerge on the lower time frames, I will look to evaluate and confirm potential entry points.
🔑 Why This Matters:
Volume surges without immediate buying can indicate accumulation or pending reactions.
The blue box zone becomes crucial for observing buyer strength and momentum shifts.
Patience is key here. I will focus on stable breakouts and volume-supported moves to avoid false signals. Updates to follow as the price develops!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
NVDA out of gas?H&S on the daily with 132.67 as the neckline. We also have another H&S that has played out and was followed by a double top, now failing once again under support. I'm in puts now with a stop-loss at 133. This is also where i would flip bias for potential squeeze at 133 after a backtest of 132.67
QIUSDT: %215 Volume Surge and Buyer ActivityQIUSDT: Significant Volume Surge and Buyer Activity
There is a 215% increase in volume in QIUSDT, indicating heightened market activity. This suggests buyers are stepping into the market and adding pressure. However, given the dynamics of the market, I will focus on evaluating specific breakout opportunities.
📌 Key Strategy:
When the price approaches the blue box zones, these areas will serve as potential demand zones. I will closely monitor lower time frame upward breakouts from these regions to identify high-probability entries.
🔑 Why the Blue Box Matters:
It represents areas of increased buyer interest.
Volume spikes coupled with price movements from these zones often yield strong reactions.
I will remain cautious of false breakouts but will prioritize stable movements supported by volume for confirmation. Stay tuned for updates as this setup unfolds!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active
USUALUSDT | Buyers Are ActiveBuyer Presence: I believe there are buyers in USUALUSDT, making it a promising addition to my spot trading basket.
Price Reaction:
The price did not get a strong reaction from the blue box, suggesting it might target lower levels.
Buy Strategy:
Despite the lack of a strong response, I find it logical to remain a buyer from both blue boxes, aligning with my overall strategy.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
FTTUSDT %378 Daily Volume Spike FTTUSDT has recorded a 378% daily increase in trading volume.
To capitalize on this increase:
I will closely observe the price movement toward the blue boxes on the chart.
I will evaluate potential upward breakouts in lower time frames from these regions to identify entry opportunities.
This strategy allows for careful monitoring and reduces unnecessary risk.
Let me know if you want further edits or additions!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
Monday trading PlanPrice has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again.
Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend.
A move up to 2680 will allow for liquidity to be swept, and then the price could reverse sharply. BUT things might go differently, this is my main scenario and plan.
Next Steps:
Look for longs as price will approach 2680 OR just wait patiently to see if it happens.
Once at 2680 level watch for signs of reversal like a liquidity sweep, bearish market structure shift (MSS), and the FVG being respected.
Target lower prices, ideally back to opening price around 2640 and ideally 2600 but that might only be later on today maybe during New York.
This is MY main trade idea for today, I am waiting for the retracement and the drop. If price doesn't reach 2680 or shows signs of reversal earlier, I will adapt accordingly.
Trade safe!
CHART BREAKDOWN AUDUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 0.64170 to 0.64210, respectively, is highlighted.
Things I Have Seen👀:
Important Supply Zone🟢: Identified between 0.64170 and 0.64210 serving as a low-risk sell.
Bearish Targets📉:
0.63980 : Possible retracement area.
0.63850 : Possible retracement area.
0.63800 : Possible retracement area.
0.63600: Possible retracement area.
0.63650 : Significant supply zone.
0.63500 : Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential demand zones: low-risk buy zones spanning from 2635.00 to 2640.50, respectively, is highlighted.
Things I Have Seen👀:
Important Demand Zone🟢: Identified between 2635.00 and 2640.50 serving as a low-risk buy.
Bullish Targets📈:
2660.00: Possible retracement area.
2670.00: Possible retracement area.
2690.00: Possible retracement area.
2710.00: Possible retracement area.
2690.00: Significant supply zone.
2710.00: Significant supply zone.
2725.00: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Key Levels Overview for the Week 12.2024(16-20)* updated🔲Key Levels Overview for the Week🔳
12.2024(16-20) updated
I tried not to miss a line!
Dynamic Supports🔀
105313
103542
100500
98300
97300
Dynamic Resistance🔀
105313
106363
112400
115700
119300
Mid Pivot (🫎bull&bear🐻 zone ch trend)
123292
111511
99737
range of supply and demand
115243
107672
100100
#BitCoin
Bitcoin's Bullish Run and Record HighBitcoin's meteoric rise has captivated the world, with its price surging to record highs and traders setting their sights on even more ambitious targets. As the cryptocurrency market experiences a bullish "Santa Claus Rally," Bitcoin traders are now targeting a staggering $120,000 price level.
Bitcoin's Bullish Run and Record High
Bitcoin's recent rally has been fueled by a confluence of factors, including increased institutional adoption, growing global interest, and favorable macroeconomic conditions. The cryptocurrency has consistently broken new price records, surpassing the $100,000 mark and even reaching heights above $106,000.
However, the market's optimism has been tempered by concerns about the potential impact of a "hawkish rate cut" by the Federal Reserve. While a rate cut is generally considered bullish for risk assets like Bitcoin, a hawkish tone from the Fed could dampen sentiment and lead to a price correction.
The Fed's Impact on Bitcoin
The Federal Reserve's monetary policy decisions have a significant influence on the cryptocurrency market. A rate cut can stimulate economic growth and increase liquidity, which can benefit Bitcoin and other digital assets. However, if the Fed signals a less accommodative stance or hints at future rate hikes, it could lead to a sell-off in the market.
Bitcoin's price has historically been correlated with traditional financial markets, and the Fed's actions can have a ripple effect on the cryptocurrency's value. Therefore, traders are closely monitoring the Fed's announcements and any potential shifts in its monetary policy.
Bitcoin's Potential as a Reserve Asset
Another factor that could increase Bitcoin's price is its increasing adoption as a reserve asset by institutions and governments. Several countries have expressed interest in incorporating Bitcoin into their national reserves, recognizing its potential as a store of value and a hedge against inflation.
If major economies start accumulating Bitcoin as a reserve asset, it could significantly increase demand for the cryptocurrency and drive its price to new highs. This development could further solidify Bitcoin's position as a digital gold and a valuable asset for investors.
The Road to $120,000
While the $120,000 price target may seem ambitious, it is not entirely out of reach. If the bullish momentum continues, supported by strong institutional adoption, favorable macroeconomic conditions, and potential positive developments in the regulatory landscape, Bitcoin could very well surpass this milestone.
However, it is important to approach the cryptocurrency market with caution and to be aware of the inherent risks involved. Bitcoin is a highly volatile asset, and its price can fluctuate significantly in a short period. Traders should conduct thorough research, diversify their portfolios, and consider consulting with financial advisors before making investment decisions.
In conclusion, Bitcoin's recent rally has been impressive, and the cryptocurrency's potential for further growth remains significant. While the Fed's monetary policy decisions and broader macroeconomic conditions will continue to influence the market, the increasing adoption of Bitcoin as a reserve asset and the growing interest from institutional investors could drive its price to new heights. As Bitcoin traders set their sights on the $120,000 target, it is crucial to maintain a balanced perspective and to be prepared for both upside and downside risks.
ICP Under $12: Positioning for a $50 Exit by May!Picked up some BINANCE:ICPUSDT under $12 and will continue adding between $10.5-$12. My target exit is closer to $50, so this is a position trade with a plan to offload everything by May.
I decided to jump in after the retest of the reclaim range low from early 2024, with strong confluence from the moving averages. Looking forward to seeing how this plays out!
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes.
For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights.
If you have any thoughts or suggestions, I’d be happy to hear them in the comments.
Thank you!
Meta stock long - OrderflowMeta Platforms has 7.29% upside potential, based on the analysts' average price target. Is META a Buy, Sell or Hold? Meta Platforms has a consensus rating of Strong Buy which is based on 40 buy ratings, 3 hold ratings and 1 sell ratings. The average price target for Meta Platforms is $665.56. NASDAQ:META
GBPJPY is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts