ETHEREUM (ETH) LONG TERM OVERVIEW First and foremost, it is essential to maintain an open mind, which entails considering multiple perspectives on the matter at hand.
Now a breakdown on ETH
It is important to highlight that the highest volume profile is situated between 1,610 and 1,620. Additionally, there is a significant level identified at 1,616, which may also act as an inducement for revisiting another critical level between 1,350 and 1,356. This is the reason I emphasized the necessity of maintaining an open mind.
Once you have taken note of these factors, it becomes easier to identify potential entry points. In this regard, I have identified two possible entry points: the first at the level with the highest volume and the second just below this area, as it can also serve as inducement liquidity for the subsequent key level.
Please remember that this information should not be construed as financial advice but rather as an analysis of potential outcomes.
Volume
Gold:Short term analysis for 18/11/2024Disclaimer:
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 4-hour
Market Analysis:
Following on previous analysis, the XAUUSD pair has bounced off the key support level at 2,550.00-2,543. However, the 4-hour chart indicates persistent bearish momentum, with price action confined within a descending trend channel. The price has almost reached value area high. This may act as resistance.
Key Observations:
No bullish divergence detected on the 4-hour chart.
Bearish divergence evident on the 30-minute chart.
Key Levels:
Resistance : 2,606.00
support : 2,536.00
support(Poc): 2568.00
lower target: 2485.00 - 2505.00
Trading Bias:
Bearish, lack of bullish divergence and no impulsive momentum, If the price slips below the point of control, the bullish narrative would be compromised, potentially triggering a reversal, anticipate a potential breakdown below the support level, targeting first weekly point of control at 2,502.00 then lower OBV at 2,485.00 - 2,505.00.
$COOKIE reminds me $SUSHI... this will be HUGE.Get ready for an explosive move! The recent patterns in $COOKIE are reminiscent of the incredible CRYPTOCAP:SUSHI rally we witnessed last year. With similar market conditions and strong community backing, I predict a potential rise of over 7000% .
Don't miss out on this opportunity – it's time to ride the wave and see your investments soar to new heights!
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions."
USD/CAD continue with the UptrendOn USD/CAD , it's nice to see a strong buying reaction at the price of 1.40460.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
FVG + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
GBP/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.26740 and 1.27410. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
EUR/USD continues the downtrendOn EUR/USD , it's nice to see a strong sell-off from the price of 1.05760 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Render (RENDER) Breaks ResistanceRender (RENDER) Breaks Resistance, Community Rewards Program Sparks Hope
Render (RENDER), a decentralized GPU rendering platform, has recently broken a significant resistance level at $7.45. This bullish development, coupled with the upcoming community feedback call for its Year 2 Community Rewards Program, has ignited excitement within the crypto community.
Community Engagement Fuels Potential
Render's commitment to community involvement is evident through its participatory rewards program. By seeking community input, the project aims to strengthen its bond with its users and foster a sense of ownership. A well-received rewards program can significantly boost token utility and demand, potentially driving price appreciation.
Positive Sentiment and Market Impact
Positive community interaction can create a positive sentiment around a project, which can lead to increased interest and investment. However, it's important to note that the broader cryptocurrency market conditions will also play a crucial role in determining the ultimate impact on RENDER's price.
The $10 Target: A Realistic Expectation?
While the recent price action and positive developments make the $10 target seem achievable within weeks, it's essential to approach such predictions with caution. The cryptocurrency market is highly volatile, and unforeseen factors can influence price movements.
Time for manufacturing companies to get paidmanufacturing companies for semi conductors showed a while ago that the direction of semi chip stocks was headed south.
Now, I see a great long term set up for the companies that actually make the parts. After these pop off with IWM soon, then mega cap stocks will see a push up.
Target 1 is $50
Target 2 is $55
May see a pull back right after this and then the rally
DXY. When to Expect a Weak Dollar?Hello traders and investors!
At the end of September and the beginning of October, I analyzed AUDUSD and EURUSD, where the technical picture predicted a decline in these currencies against the dollar. You can find these posts in related ideas. There were discussions with colleagues about how many countries' economies need a weaker dollar. I wouldn’t mind profiting from a dollar decline either, but a month and a half ago, there were no signs of a DXY drop. Let's take a look at what the chart suggests and when this might happen.
Weekly Timeframe
A sideways range formed on the weekly chart in March 2023 (point 4 was established). The lower boundary is 99.099, and the upper boundary is 106.952. The buyer's vector 11-12 has reached its obligatory target — the price level of point 10 within the range (106.169). This means we can start watching for seller activity on the weekly timeframe. If the sellers show up, the seller's vector 12-13 becomes relevant, with potential targets of 99.807 and 99.099.
Note that the key bar (with the highest volume) of the buyer’s vector 11-12 is the bar from November 4.
Daily Timeframe
There’s a long trend on the daily chart. The last buyer's impulse ranges from 103.86 to 106.734. The key bar of the impulse (highest volume) is the bar from November 14.
Hourly Timeframe
On the hourly chart, a sideways range has formed. The lower boundary is 106.037, and the upper boundary is 106.734. The current buyer's vector 8-9 has potential targets of 106.681 and 106.734. From there, it's not far to 106.952 (the upper boundary of the weekly range).
Summary
The price has approached levels on the weekly TF where a reversal may begin. For now, there are no signs of a reversal on the weekly and daily TF. We need to see signs of seller activity on the weekly chart to look for short positions with the goal of realizing the seller's vector 12-13 in the weekly range.
You can look for long or short positions on the hourly chart by trading within the range from boundary to boundary (if the boundary holds).
Until the DXY reverses, looking for long positions in other currencies against the dollar is risky.
Good luck with your trading and investments!
EUR/USD💶 EUR/USD💵 My view on this pair is as follows 👀 . 🖊️ Idea: Hitting Low Liq_October 🖊️
On the Weekly chart we are: At low Liq_October
On the Daily chart we are: In long M2_Daily, Friday's candle is pulled back and it means that my idea is more confirmed.
On the 4H chart we are: See screen
On the 30M chart we are: >>> I WILL ADD ON MONDAY ACCORDING TO THE SITUATION. <<< 🚨
SNX FRVP analysisUsing the fixed range volume profile tool over the last two days, we can see we have a POC at ~1.628. The last rally from approximately the 5th-11th resulted in a POC at around 1.511 which we hovered around dipping slightly below before starting the next rally up. If we follow the same trend this weekend, we should treat 1.628 as the POC before heading higher. Breaking the 1.745 resistance line will signify a breakout to the upside. Considering that VPOC has been increasing each rally, this could point to a potential breakout within the next 16-24 hours.
Obviously, this is a short-term analysis, so we will see shortly if it is invalidated.
MCL Short 11/14/2024- Already in the tradeMCL is in a downtrend in 4hr chart. It is deeply inside daily DZ (blue box). Took a short position is confluence SZ (zone that coincides with 4hr 21 EMA- purple line). Took half risk because zone was already tested. Risk= $120. Target= 1:1 (Already got) and 3:1. Also, I'm trailing my stop aggressively because chances of trend reversal in HTF demand zone.
Correction Silver and rebound down. H4 15.11.2024Correction Silver and rebound down 📉
Silver is now forming a correction from the zone from the last analysis ,
but I believe the overall trend down is not complete. Since a major pattern
Repositioning to sell has been made, a correction is forming within the pattern
and then rebounding lower. Now the correction is possible to the sellers' zone
31.10-31.56, maybe a little higher is a false move. In terms of rebound down
I am oriented to the area of 28.50, but it will be corrected depending on the size
of the correction. Gold is also in fall and often silver is pulling the fall.
CAPITALCOM:SILVER
EUR/USDEUR/USD I have the following preview for this pair>>🖊️Preview Daily we are in Long M2_Daily on this TF we are Bearish. On 4HT we are Bearish where there was a rebound on Low Daily M2. On 30MTF we now have ZS where we are above today's and yesterday's high, we have short M2_30MTF ahead of us if there is a breakout we could go short M2-4HTF.
XAU/USD🪙 XAU/USD I have the following preview for this pair>>🖊️ Preview Daily we are in Long M2_Daily on this TF we are Bearish. On 4HTF we are now in Long M2 but the structure is also Bearish. 30MTF there we are below Vpoc today and yesterday, we got a reaction from VAL yesterday. Now it's shorts from Daily, 4H, 30M for me. Today I would expect that they could close the gap from 4HTF and select Liq Low from yesterday. This is my preview
BTCUSDT. Daily and Hourly Timeframe AnalysisHello traders and investors!
Let’s see where to expect a buyer's resumption.
Daily Timeframe
On the daily TF, the upward movement has significantly slowed down. The last buyer's impulse consists of just one bar and only slightly exceeded the previous all-time high. The bar itself has decreasing volume, indicating a lack of interest from both buyers and sellers at these price levels. The starting level of the last buyer's impulse is 85,072. A period of sideways movement might be ahead.
It is advisable to look for buying opportunities from the buyer’s defense of the last impulse starting level at 85,072.
Hourly Timeframe
On the hourly TF, a range has formed. The lower boundary is 85,072, and the upper boundary is 89,940. The seller’s vector 7-8 is currently relevant, with a potential target of 86,128.
It is advisable to look for buying opportunities from the buyer’s defense of 86,128 or 85,072, aiming to realize the buyer’s vector 8-9 (with potential targets at 89,940, 91,790, and 93,265). The 85,072 level is more important as it is also a daily level.
Good luck with your trading and investments!
XAUUSD. Daily and Hourly timeframes analysisHello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, there is a short (downward) trend. The price has corrected to the 50% level of the last buyer's impulse on the monthly TF at 2538.5. There have been three consecutive daily bars with increasing volume. The last bar shows a large selling wick, which began after the price interacted with the 2538.5 level. And for today, this is the key bar of the seller's impulse in the forming new impulse. The level marking the start of the last seller's impulse on the daily TF is 2710.52.
At the 50% level of the last buyer's impulse on the monthly TF, we can expect the formation of reversal patterns.
The current priority is selling. Selling opportunities can be considered from the seller’s defense at 2581 and 2589.
Hourly Timeframe Analysis
On the hourly TF, aggressive buying can be considered from the buyer’s defense at 2559.89. The key bar (highest volume, "KC" on the chart) of the buyer's impulse is exactly at the 50% level of the impulse. Additionally, a buyer's zone has formed at the base of the impulse (green rectangle on the chart). However, it’s better to set nearby targets. A similar situation occurred recently with silver, where after reaching the nearest target for long positions, the price reversed and updated local lows.
For conservative purchases, there is no context yet. Ideally, the price should return above 2604.39, and then look for a pattern for buying.
The previous detailed analysis is available in the related post.
Good luck with your trading and investments!
Xau/UsdXAU/USD I have the following preview for this pair>> Preview Daily we are on the edge of long M2_Daily where Liq_ is located. My preview from 4H_TF is Bearish and on 30M_TF as well. Now we are below yesterday's VAL and the structure on 30M_TF is short. Even after today's vpoc it still keeps us below its lvl, I would expect the selection of Liq_ and I would wait for the ZS either on 5M_TF or 30M_TF. This is my preview
Xau/UsdXAU/USD I have the following preview for this pair>> Preview Daily we are on the edge of long M2_Daily where Liq_ is located. My preview from 4H_TF is Bearish and on 30M_TF as well. Now we are below yesterday's VAL and the structure on 30M_TF is short. Even after today's vpoc it still keeps us below its lvl, I would expect the selection of Liq_ and I would wait for the ZS either on 5M_TF or 30M_TF. This is my preview
SMLR: Big Moves into 2025Please do your own research as this is my personal opinion. This is a way for me to hold myself accountable for long term trades.
- I have accumulated about 1,000 shares of SMLR in my Individual & 100 in my Roth IRA @ about $30 per share
Here are the reasons I believe this will 4x over the next few years:
- No LT Debt, allowing it to borrow and execute a MSTR like approach to its BTC treasury
- Cash Flow and Earnings positive with good device pipeline
- Already filled the gap from the initial news for BTC Treasury at $21 and has bounced nice since filling it.
- If you see from ichimoku cloud analysis, the tenkan has flipped the kijun line earlier this year on the monthly and has stayed there for quite some time. I believe the next quarter is critical as it begins to make its way into the cloud. If it gets in there and can pass through it, my bull case run is north of $120.
- Volume Analysis: If it gets above that Critical Level of $33, it could find itself flying north of $40 in a short period of time.
If it executes it's BTC strategy and issues convertible debt for additional purchases in BTC (Up to $150 Million is estimated), here are my price targets:
- Base Case $75
- Bull Case $150
- Bear Case $35
I believe there is much more upside from here. Happy trades.
Not Financial Adive, DYOR
Gold:Short term analysis for 13/11/2024Disclaimer:
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 4-hour
Market Analysis:
The 4-hour XAUUSD chart exhibits a short-term bullish trend, with the RSI indicating a slight oversold condition. Price movement is confined within the trend channel, suggesting potential upside to the upper trend channel to fill the gap.
The chart indicates:
Bullish RSI divergence.
Price movement within the trend channel.
Confluence of resistance and daily point of control at 2656-2628.
Supply zone (OBV) near resistance.
Possibility of zig-zag movement within the channel.
Key Levels:
Resistance (Point of Control): 2656-2628
support(weekly point of control): 2580.00
OBV (Lower Target): 2580-25431
Trading Bias:
Moderate bullish, the price might touch uppper channel and get rejected. The volume indicate that buyers are stepping in.