US30 - Bullish Momentum is under Control...Technical Analysis
The price was about to record a new ATH around 45200 before any dropping. It now shows a bullish volume, with potential targets at 45200 and 44,520.
Bullish Scenario:
As long as the price trades above 44930 and 44750, the bullish trend will continue toward 45200 and 45500
Bearish Scenario:
The price must stabilize under 44750, confirmed by a 4-hour candle close, to target 44400.
Key Levels:
Pivot Point: 44930
Resistance Levels: 45200, 45500, 45600
Support Levels: 44750, 44400, 44270
Trend Outlook:
Uptrend while above 44750 and 44920
Trend Lines
$PRO God Candle Incoming After breaking out of a brutal 116D descending channel, NYSE:PRO looks like it’s about to unleash a god candle on us all 💯
Next Targets:
150% to local high ~$4
235% to previous ATH ~$5.80
415% to new ATH ~$8.90
With @PropyInc sitting at a measly $100m MC, this micro-cap will absolutely rip when the RWA / Real Estate narrative catches fire with Onchain Summer (Base).
LINK | BULLISH ALTS | More Increases IF we see THISLink has recently increased over 160% - and that's an excellent increase in 3 weeks, let's take a moment to appreciate this and not be greedy!
Although it would have been most ideal to see LINK back up at ATH prices, more increases are on the cards BUT FIRST we need to reclaim a major resistance zone.
Here's my overview on Altcoins - specifically Altseason - at the current moment. Find it here :
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BINANCE:LINKUSDT
BTC dominance 2024-2025(prodolzhenie prognoza po dominacii bitkoina 2023-2024)
Proshlyj prognoz otrabotal prakticheski ideal'no, nemnogo promazal po vremeni (uskorilsya), nemnogo oshibsya s metodikoj raschyota dominacii (uchyol al'tkoiny - podrobno v obnovleniyah na proshlom prognoze po dominacii). Odnako v celom prognoz pravil'nyj!
Nakaplivat' bitkoin bylo bolee pravil'nym resheniem nezheli otkupat' al'tkoiny.
Podavlyayushchee bol'shinstvo al'tkoinov obnovilo svoi minimumy k bitkoinu.
Teper' prishla pora razvorota. Tyazhelo sprognozirovat' tochku razvorota (kak eto bylo s proshlym prognozom) kak po vremeni tak i po urovnyu, odnako ya sklonyayus' k variantu chto eto proizojdyot ot 55-65% vo vremennom promezhutke konca2024 achala2025 goda. I ustremitsya v blok 35-45% k koncu 2025 goda.
!!! Etot prognoz bolee kak prodolzhenie v popytke najti mesto razvorota, a ne kak samostoyatel'nyj predydushchij prognoz. Ya by ne stavil mnogoe na nego, odnako tendenciya dolzhna byt' yasna - gryadyot al'tsezon.
Last Chance: $RUNE Poised for Parabolic Move Beyond ATHsThis could be the last chance to enter before CRYPTOCAP:RUNE begins its parabolic move, or at least starts expanding, leaving everyone behind.
The new weekly trend is about to confirm, and it’s at a pivotal area. If it breaks above $7, this will trigger an even bigger upside. I believe CRYPTOCAP:RUNE is on track to break beyond its all-time highs and could potentially reach the second target near $75. It may seem ambitious, but the chart is signaling a strong move ahead. BINANCE:RUNEUSDT
Buying as close as possible to $6.60 for this setup.
Previous entries are posted here
BTCUSDT after more range here wait for 120KPrice is now near ATH resistance zone and it is easy to dump to 88K$ as correction or short-term fall but soon after breaking ATH resistance zone in long-term we are looking for our next bullish target which is 120K$.
DISCLAIMER: ((trade based on your own decision))
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TRXUSDT in next couple of months price will hit 0.22$ and 0.28$As we can see price is now broke the trendline resistance zone and retest also complete so we can expect heavy pump soon to our targets mentioned on the chart or as second scenario we may have range and short-term fall here to the major Weekly support zone and soon after that the expected pump is ahead.
DISCLAIMER: ((trade based on your own decision))
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EUROSTOXX broke the DownTrend Line.The EURO STOXX 50, which serves as a benchmark for major eurozone companies, has been trading sideways in recent months, fluctuating between a strong support level at 4,730 and resistance at 5,099. After multiple tests of the support, the price has formed candles with long lower shadows, indicating a rejection of lower prices and buyer interest in maintaining levels above this critical point.
Recently, the index provided a significant technical signal by breaking the Downtrend Line that had been in place since previous peaks. This breakout is a strong indicator of potential short-term growth.
Main Scenario: Bullish
With the Downtrend line broken, the price now has the potential to target higher levels on the daily chart. The 5,000.00 area is the first key resistance to watch, followed by the previous peak at 5,099, which would confirm a stronger bullish trend.
Potential Bullish Movement:
Ideal Entry: A pullback to around 4,830.00 (near the broken downtrend line), followed by a bullish candle in that area, could signal a buying opportunity.
Primary Target: 5,015.00.
Secondary Target: 5,099.17.
Stop Loss: Below 4,740, with a more conservative option at 4,727.00 (indicating loss of support).
Important Indicators: Monitoring volume during the rally is crucial; low volume could indicate weakness in the breakout.
Alternative Bearish Scenario
Despite the bullish technical scenario, the market may reverse if the support region at 4,727.48 is broken. A consistent daily close below this level, accompanied by significant volume, would invalidate the bullish structure and could attract strong selling pressure.
In this case, a possible Sell Opportunity could appear if a daily candle closes below the 4,727.00 level. Possible targets would be:
4,500.00: Intermediate psychological and technical support. About 22700 points.
4,400.00: Next relevant support, observed in previous months. About 33700 points.
A Stop Loss could be put around 4,770.00, about 4300 points.
Warning Signs: Heightened global risk aversion, a declining macroeconomic situation in Europe, and ongoing weakness in industrial and consumer sectors could intensify selling pressure.
Macroeconomic Context
Europe faces a tough landscape. Germany, the region's primary economic driver, is grappling with an industrial slowdown and reduced consumption, impacting the competitiveness of its companies. These issues have lowered growth projections for the eurozone.
Additionally, escalating tensions with Russia present a significant geopolitical risk. As the European Central Bank seeks to balance inflation control with growth stimulation, uncertainty in both geopolitical and economic spheres continues to affect the markets.
The upcoming interest rate decision on December 12 may provide clearer guidance on the European Central Bank's future actions.
Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
04/12/24 Gold trade ideaGold has been in a 100 pip range for the whole week so far (2636-2646) despite news events that have favoured the USD.
With rejections of 2640 support getting stronger my bias is still BULLISH albeit only slightly leading into NFP on Friday.
Trade ideas for today and tomorrow:
Bullish:
- 2655 buys
- 2670 safest buys
Overall target being between 2685-2700s depending on news and momentum
Sells:
- ONLY if we see a break and close below 2631 we could retest the weekly low of 2623 before reassessing however given how many rejections we have had so far of 2640 I believe this would only happen with fundamental input.
As always DONT OVER TRADE, and trade what you see not what you want.
Waiting for opportunities to continue shorting goldBros, gold is still operating within the oscillating range of 2630-2655, and has not made any breakthrough moves. Gold is currently trading around the mid-range position of 2641. Currently, gold is trading around the mid-waist position of 2641. To be honest, the mid-waist position is not very easy to participate in trading, because gold has room for fluctuations up and down, at least it is not easy to set SL in the execution of transactions, so we can still wait patiently for trading opportunities.
From the perspective of gold structure, gold is still relatively weak, so I still prefer to short gold in trading, so if gold can rebound to the 2650-2655 area, I will continue to try to short gold.
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Michael Sailor is dumbMichael Sailor is the dumbest trader I've ever seen on a massive scale. MicroStrategy started buying Bitcoin on August 11th 2020. Since then Michael Sailor held Bitcoin for a loss and bought Bitcoin at all time highs. He never sold Bitcoin to take profit, never had a stop loss and leveraged his Bitcoin dca accumulation by issuing debt with a check he ultimately can't cash. In the future this will prove to be a catastrophic example of how not to trade or invest. Everyone will be saying in hindsight they could have predicted such a collapse. Everyone who has traded Bitcoin the past 10 years knows it is a speculative risk asset. You buy the drop and sell the top. Eventually, this ponzi scheme greater fool theory implodes under it's own weight and gravity prevails.
BTC Future trajectory:
Sell Resistance = 100k
Hold Average = 63k
Buy Support = 23k
My ETHUSDT LONG position idea Hello. We have been in a falling trend for about 3 months. I believe that a nice surprise will await us at the intersection of the support and resistance point. It is not investment advice.
I will open a position at the point I specified. I don't think the support point will be broken.
I wish you profitable trades :)))
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders,
Trust you are great.
Below is my perspective on the probable direction of GBPUSD in the coming days.
Overview
On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement.
Idea
There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce.
Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly.
Conclusion
While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend.
Do let me have you thoughts.
Cheers and happy trading!
S&P 500 Analysis: Bullish Momentum and Key Levels S&P 500 Technical Analysis
The S&P 500 reached another All-Time High (ATH) in December, signaling a continuation of its bullish trend and the potential for further historical gains.
Currently, the price is consolidating within the range of 6068 and 6022, awaiting a breakout. Overall, the bullish trend remains strong, with the next key target at 6143. However, a break below 6022 could signal a correction, with the price potentially dropping toward 5971.
Key Levels:
Pivot Point: 6068
Resistance Levels: 6100, 6143, 6185
Support Levels: 6022, 5971, 5932
Trend Outlook
The overall trend remains bullish, supported by strong momentum and the recent achievement of new highs.