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Technical Analysis

SPX500 forming a Double Top pattern, will it keep going up?Technical Analysis: ================ SPX500 has formed a noticeable double top technical pattern. If it respects the double top pattern the price should touch around 5700. But if it keeps climbing the 6000 may become another support level. Fundamental Analysis: =================== 1) Israel war seems to be calming, which should reduce the uncertainty and boost the stock market 2) Russia Ukraine war is intensifying as a result of latest attacks. This war has potential to undermine all other good news and could go with the double top (technical analysis) 3) Santa Claus Rally can boost the stock market in coming weeks followed by correction in Jan 2025 ===== Happy Thanks Giving to all the traders ====
OANDA:SPX500USD
by spranav
Understanding Market Dynamics: When Effort Meets Resistance and volume dynamics. For instance, there are moments when stocks rise with high volume, yet the price barely moves. This phenomenon can be a critical signal for traders, reflecting the market's internal mechanics. In general, there are four key states to observe in the relationship between price and volume: High Volume, Low Price Movement – A potential sign of resistance or distribution. Low Volume, High Price Movement – Indicates lack of conviction or speculative activity. High Volume, High Price Movement – Suggests strength or accumulation. Low Volume, Low Price Movement – Reflects consolidation or market indecision. These dynamics highlight the importance of not just looking at price charts, but truly understanding the story they tell. Sometimes, the market signals "buy" during peak momentum, but soon after, prices find their way downward effortlessly, leaving behind effort without result—a classic sign of exhaustion or distribution phases. Take NVIDIA as an example. While I currently avoid trading it due to its strong fundamental standing and lack of immediate alternatives, sometime fools can become smart when it's punpy ride. the chart itself reveals fascinating patterns. These patterns often follow the laws of physics—momentum, inertia, and resistance—all playing out visually in the markets. Remember, this is not trading advice but an invitation to explore how combining technical and fundamental analysis can provide deeper insights into market behavior. Every trader should develop their own system and evaluate risk accordingly. i don't know if it will go up or down, but as i see from the behavior of the price i can only guess :) let's find out
NASDAQ:NVDA
by BarakSapir
AUDUSD Trade SetupFor those looking to enter this trade, you can take an entry now with a tight and light stop-loss. For those who prefer a safer approach, wait for the break of wave 4, followed by a retest, and then enter. This method offers greater security. The triangle pattern has formed successfully. However, keep in mind that most chart patterns are often designed to manipulate traders by breaking and moving against their positions. As for me, I’m not concerned about such manipulations. I have a strict risk management plan in place, and I’ve identified two key entry zones as marked on the chart.
Long
by hakimbo989
2
TradeCityPro | ZROUSDT Analysis Is It DeFi’s Turn to Shine👋 Welcome to TradeCityPro Channel! Let’s dive into the analysis of ZRO, one of the popular DeFi coins. Recently, it has broken out of its consolidation range, signaling potential movement in the coming week. 🌍 Bitcoin Overview Before diving into ZRO, let’s take a quick look at Bitcoin. Last night, BTC finally broke its 103,504 resistance, reaching a new ATH of 106,488.25! Bitcoin dominance also ticked green, albeit mildly, allowing a few altcoins to move alongside. However, this Bitcoin leg-up is likely to maintain dominance growth. 📅 Weekly Timeframe Analysis ZRO is relatively new, with only 26 weekly candles in its history. It’s a coin that distributed a portion of its tokens via airdrops to active users within its blockchain ecosystem. Unlike other airdropped tokens, ZRO experienced less sell pressure and consolidated for about 20 weeks, providing excellent liquidity-building opportunities for us. Recently, it broke out of this box, indicating potential for further upward movement. The weekly candle that closed last night reflects strong buyer presence despite some selling pressure. It’s a good buying opportunity with stop-buy entries and stop losses at 5.108 (risky) or 3.016 (safe). 🌞 Daily Timeframe Analysis On the daily chart, ZRO recently broke the 5.033 resistance and formed a new resistance at 7.192, from which it faced a strong rejection. Unlike many other altcoins still stuck in corrective zones, ZRO has already returned to its recent highs. After breaking 7.192, you can consider buying on this timeframe with a large stop loss at 4.068 or wait for consolidation at the daily range’s bottom before entering for a mid-term hold. For added security, move your ZRO holdings to decentralized platforms and participate in the DeFi ecosystem to maximize benefits. It’s important to watch for confirmation of the 7.192 breakout. Although volume increased during bullish moves and decreased during corrections, a strong breakout needs to be accompanied by high volume. The breakout of 65.45 RSI could also act as a strong trigger for momentum entry. ⏰ 4-Hour Timeframe Analysis For futures positions, a strong resistance level has formed on the 4-hour chart. Breaking this resistance would provide clear triggers for the week ahead. 📈 Long Position Trigger breakout above 7.012. The recent rejection strengthened the importance of this level. After breaking this resistance with increased volume, opening a long position becomes a viable option. 📉 Short Position Trigger At this point, I’m not considering short positions. However, if the ascending trendline breaks, I’ll reconsider. For now, I’ll continue searching for lower-level long triggers in case buyers temporarily lose strength. 💡 BTC Pair Insight Against BTC, ZRO has shown strength recently, moving toward its range high. A breakout above 0.00007239 would set the stage for significant upward movement relative to BTC. This could lead to even greater performance in its USDT chart. 🎯 Summary ZRO’s breakout from its consolidation range, coupled with strong buyer activity, suggests an exciting opportunity for both spot and futures traders. Keep an eye on critical resistance levels and volume confirmations to secure the best entries. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
106
TradeCityPro | HNTUSDT Don’t Miss the New Move!👋 Welcome to TradeCityPro Channel! Let’s get ready for the upcoming week! We’ll either see a strong movement or some consolidation, so let’s prepare our triggers in advance and analyze all scenarios before the market moves. 🌍 Bitcoin Overview As always, let’s start by checking Bitcoin to complement our altcoin analysis. Today, BTC broke its 102,135 trigger but faces a significant resistance at 103,504. With increased volume, a breakout above this level could finally help BTC clear the critical $100K barrier. For the upcoming week, if Bitcoin’s dominance rises and BTC follows suit, prioritize Bitcoin trades or coins that perform well against BTC. If BTC dominance drops, focus on altcoins. However, the first bullish move will likely coincide with rising BTC dominance. ⏰ Weekly Time Frame Helium (HNT) shows relatively strong performance compared to other altcoins and is a good candidate to add to your portfolio this week! HNT started its upward movement before the current bull run, maintaining a positive trend since 2023. This year, it recorded a higher low compared to 2023 and is now approaching its main resistance, attempting to break through. The coin follows a parabolic trajectory, which is inherently bullish. Each time it hits the lower boundary of this parabola, it rebounds strongly, and this trend could continue. This week’s candle closing above the SMA7 signals buyer strength despite seller presence. Buyers have emerged victorious with significant volume. After this candle closes, you can consider a spot buy with a risky stop loss below the shadow or a safer stop loss at 5.437. If RSI enters the overbought zone, expect a sharp upward move. 📅 Daily Time Frame On the daily chart, HNT has outperformed other altcoins during its recovery and is currently testing a daily resistance level. A breakout here could trigger a sharp upward move. Volume analysis shows reduced activity during the correction phase and increased volume during upward movements, confirming buyer strength in the market. After breaking the trendline and finding support at 5.524, the coin moved upward. A potential buy entry lies at the breakout of 9.244. Follow this closely for spot or futures long positions, especially if RSI enters the overbought zone, which would provide excellent confirmation. 🔍 4-Hour Timeframe Analysis HNT is currently facing a critical resistance at 9.393. Buyers have been active, attempting to break this level, which could lead to further bullish continuation after a successful breakout. Before discussing triggers, let’s briefly cover the Fake Breakout strategy. This occurs when a support or resistance is initially broken but quickly reversed in the next candle, potentially signaling a trend change. Identifying this on lower timeframes can guide you to a solid entry after the first breakout. 📈 Long Position Trigger breakout above 9.393 is a great trigger. Personally, I’ll be looking for a long entry above this level and will continue to hunt for long triggers as long as HNT stays above 8.004. 📉 Short Position Trigger I’m not considering any short positions for now. If the market enters a bearish phase, I’ll look for lower long triggers instead. 💡 BTC Pair Insight Against Bitcoin, HNT is in a ranging box with less volatility compared to BTC and hasn’t experienced severe drops like other altcoins. Its absence from Binance and limited volume data make it less prominent, but these factors have helped it avoid extreme sell-offs. HNT has risen from a higher low within its range. With Bitcoin dominance closing green on the weekly chart, HNT’s weekly candle also closing green is a positive sign. After breaking the box’s upper boundary, I’ll consider holding it longer.
Long
by tradecitypro
70
ENSUSDT Analysis And Next Market Move Name: Ethereum Name Service (ENS) Symbol: ENS Type: Utility token Timeframe: 8H Analysis: Technical+Fundamentals Trend : Bullish Purpose and Use Case:- Decentralized Domain Name System: ENS is a decentralized domain name system built on the Ethereum blockchain. Domain Name Registration: ENS allows users to register human-readable domain names for their cryptocurrency wallets, making it easier to send and receive funds. Details:- ENS is sitting at a strong support level. Ready for breakout. After this breakout Expecting 30% + gain. ENS is really a strong project.
Long
by Alpha-GoldFX
GBP/USD on the Move – Will the Bulls Take Charge?OANDA:GBPUSD - 1Hr Chart Current Price:1.27664 Executive Summary: The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential profit of 171 pips. Detailed Analysis: After analysing the chart, we observed that the price found support during the London session on Friday, Nov 22, and has since been trading upward within an ascending channel. The resistance at 1.26953 was broken and now serves as a strong middle support or equilibrium. This level acts as a balancing point, where price often pauses, retests, or consolidates before continuing its trend. It works as a critical area of decision-making for traders, offering opportunities for price rebounds in an uptrend or potential breakdowns in case of bearish pressure. The price is expected to rise toward the ultimate resistance at 1.29395, as highlighted on the chart, with a potential profit of 171 pips. Bearish Scenario: In the bearish scenario, if significant selling pressure drives the price below the 1.26953 middle support, it could signal a potential shift in market sentiment. This middle support currently acts as a critical level, maintaining the upward momentum. A break below it may invalidate the bullish structure, leading to further declines. In such a case, the price is likely to target the next key level at the ultimate support of 1.24512. This level represents a strong foundational support where buyers might step in to stabilise the price and counteract the bearish momentum. Key Levels to Watch: • Middle Support: 1.26953 (Strong support and potential bounce level). • Ultimate Resistance: 1.29395 (Target level for upward momentum). • Ultimate Support: 1.24512 (Potential downside target if support breaks). Thank you for taking the time to read this analysis. Wishing you the best in your trading journey! Remember to always follow proper risk management strategies to ensure long-term success in the markets. Good luck with your trades!
Long
by SpicyPips
AAVE/USDT 4-Hour Chart Analysis- Trend Analysis: The AAVE/USDT pair is currently in an uptrend, as indicated by the series of higher highs and higher lows. The price has recently broken above several key resistance levels, now acting as support. - Support Levels: $344.42: Previous resistance turned support after the breakout. ~$332.81: Fibonacci retracement level at 0.236. ~$323.56: Fibonacci retracement level at 0.382, which has also acted as support in the past. - Resistance Levels: ~$389.06: Current price level, acting as immediate resistance. ~$397.51: Next psychological resistance, slightly above the current price. - Fibonacci Retracement Levels: The chart shows Fibonacci retracement levels drawn from the recent swing low at $246.10 to the swing high at $397.51. Key levels include: 0.236 at $332.81 0.382 at $323.56 0.5 at $315.06 0.618 at $306.23 0.786 at $293.42 - Volume: There's a noticeable increase in volume during the uptrend, indicating strong buying interest. Volume spikes are particularly evident at breakout points. - Moving Averages: The chart includes moving averages, which are not explicitly labeled but seem to be guiding the price action, with the price staying above these averages during the uptrend. - Strategy: -- For Buyers: Consider buying on pullbacks to the support levels, especially if the price holds above the $344.42 mark. Keep an eye on the volume for confirmation of buying interest. -- For Sellers: Wait for a clear break below the $344.42 support to target lower levels, possibly aiming for the Fibonacci retracement levels as potential targets. - Risk Management: Always use stop-loss orders below key support levels for long positions to manage risk. For short positions, set stop-losses above resistance levels to protect against unexpected breakouts. - Outlook: Bullish if the price maintains above $344.42, with potential targets at $397.51 and beyond. Bearish if the price breaks below $344.42, with initial support at $332.81 and further potential downside to $323.56. Note : This analysis is based on current market conditions and should not be considered as financial advice. Always do your own research or consult with a financial advisor before making trading decisions. This text provides a detailed analysis of the AAVE/USDT chart, focusing on key technical levels, trends, and potential strategies for traders, which can be useful for those looking at this chart on TradingView or similar platforms.
by Alireza-Abedi