Moving Averages
Technical Analysis (TA) for $TURBOFuture Prediction:
MYX:TURBO 's ability to maintain its current upward trajectory will depend on sustained volume and broader market sentiment. With increased accessibility on Coinbase, the coin could attract institutional interest, potentially driving the price toward $0.20 - $0.60 or higher in the medium term. However, traders should be mindful of macroeconomic factors affecting the crypto market as a whole, such as regulatory news or Bitcoin's price movements.
Strategy:
Short-term traders:
Monitor price action around $0.13 for a potential breakout.
Long-term investors:
Consider dollar-cost averaging at support levels ($0.12 and below).
Keep an eye on updates related to MYX:TURBO ’s ecosystem and adoption.
Conclusion:
Breaking the $0.13 barrier is a pivotal moment for MYX:TURBO , signaling strong interest and potential for continued growth. While the outlook is positive, traders and investors should remain vigilant for market corrections. By combining technical analysis with careful risk management, participants can capitalize on the opportunities MYX:TURBO presents in this new phase of its journey.
Is a massive correction for alt tokens about to print?This is a short term forecast affecting anything inside the TOTAL2 market cap. That is the entire crypto market excluding Bitcoin.
The crash is forecast to occur over the next 14-20 days.
In four days from now a “life cross” will print on the above daily chart, it is inevitable.
What is a life cross?
It is when the 50 day simple moving average (blue line) crosses up the 200 day simple moving average (red line)
AND
Price action is above the 200 day simple moving average.
The majority of market participants see this as a positive sign. A green light to enter long positions. However for you lucky what is it now wow 14,000 followers (thank you!), you’ll now know it is not what it seems. Like me you're scientific about all this and look left.
But before we look left, I want you memorise how far TOTAL2 market capital is above the 200 day SMA, about 30%
November 12th, 2023 life cross -10% correction
Price action was 20% above the 200 day SMA
February 18th, 2023 life cross -15% correction
Price action was 15% above the 200 day SMA
February 2020 and May 2020, -70% and -17% corrections
Price action was 57% and 20% above the 200 day sma
April 13th, 2019. Life cross -23% correction
Price action was 34% above the 200 day sma
In summary, the further price action was above the 200 day SMA the harder it dropped.
We can infer that a 15-20% correction should be expected across TOTAL2.
Use this low as an opportunity to collect your favourite token from emotional sellers.
Ww
Crocs | CROX | Long at $98.00If the overall/long-term upward momentum continues, Crocs NASDAQ:CROX may be nearing bounce territory at $98 as it reaches the bottom of my selected historical simple moving average (SMA). While there may be a near-term downtrend to close out a few price gaps ($80s-$90s) below the current price, the stock looks incredibly poised for an upward move as the Santa Claus rally nears. Fundamentally, a P/E of 7x, low debt, and a low float (56M) with 7% short interest all works in the favor for this stock/company. Thus, at $98, NASDAQ:CROX is in a personal buy zone.
Target #1 = $110
Target #2 = $125
Target #3 = $135
Target #4 = $155 (long-term)
GBP CAD SHORTSWeekly : same idea than GBPAUD. this pair is reaching a resistance that has not been broken since Mar 12'. Price still has bearish structure to consider shorts.
Daily : price is at a critical area where it will either break and retest or fully reject to to the downside. Bullish structure is visible
4h : price recently broke previous low which indicates we can continue to the downside.
1h : price is currently rejecting area of interest around 1.80500 and EMA. I will be waiting for candle close to consider entering
MOBILEUSD 12/10/2024MOBILEUSD Daily Chart Analysis
Timeline of Events:
• February 2024: MOBILEUSD launched on Coinbase.
• March–October 2024: The coin entered a prolonged downtrend.
• November 2024:
o Found support and consolidated sideways.
o Increased volume at the end of the month pushed the price to resistance, supported by the 20-day EMA.
• December 2024:
o A surge in volume led to a +149% breakout, confirming the sideways movement as an accumulation phase and signaling a potential uptrend.
Current Market Dynamics:
• The price has retraced and is testing support at the 20-day EMA.
• The MACD indicator remains in bullish territory, suggesting continued upward potential.
Trade Details:
• Entry Price: 0.001430
• Stop-Loss: 0.001093 (-23.57%)
• Target Price: 0.006597 (+361.33%)
• Risk-Reward Ratio: 15.33:1
Analysis Summary:
MOBILEUSD is at a critical juncture, with the 20-day EMA acting as support. The MACD’s bullish position and the recent breakout suggest the potential for another strong rally if the price bounces off the EMA.
$SPY December 11, 2024AMEX:SPY December 11, 2024
15 Minutes.
Short still on.
For the last fall 606.44 to 602.14 61.8% retracement is 604-605 levels.
I expect resistance on retracement around those levels.
Since price below 200 averages downtrend intact in 15 minutes time frame.
On downside 599- 600 is a good level to cover short.
It is also 100 averages in 60 minutes time frame
AIOZUSD - Retrace completed. $1.5-$2 next?I look to the weekly timeframe to identify trends and continuation setups. AIOZ's price action has a degree of relative strength in the ALT market. We see the relative strength when we see the price bounce strongly off the 20DMA, compared to DOGE and BCH which sit just below the 20DMA. Strong support exists around $1, from the 20DMA to the horizontal support from the March 2024 peak. These signals suggest the $1 support will hold in this bull cycle and was a great buying opportunity for a new leg higher.
Observations from the Analysis
Relative Strength:
AIOZ's strong rebound off the 20-day moving average (20DMA) is a significant indicator of relative strength, particularly when compared to assets like DOGE and BCH that are underperforming relative to the 20DMA. This suggests stronger demand and bullish sentiment for AIOZ.
Support Around $1:
The $1 level is reinforced by multiple support factors:
20DMA proximity: Indicates dynamic support.
Horizontal support: Derived from a previous high in March 2024, highlighting historical significance. These overlapping supports increase the probability of this level holding during retracements in a bull cycle.
Continuation Setup:
If $1 holds and we see continued higher lows and strong volume, it could signal a continuation of the uptrend, offering a potential entry for the next leg higher.
Considerations
Volume Confirmation:
For the breakout to be validated, watch for a significant increase in volume as the price moves higher from support.
Market Conditions:
Given the overall altcoin market sentiment, external factors like BTC's dominance and macroeconomic trends should be monitored.
Next Steps
Monitor AIOZ’s behavior around $1 with weekly closes for confirmation of support.
Compare its performance with the broader altcoin index to ensure its relative strength persists.
Track for any divergences in RSI or other momentum indicators that could signal weakening.
If you'd like, I can provide real-time data or technical charts to supplement your analysis further.
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis
Overview:
This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase.
Price Action Summary:
• On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days.
• Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern.
• This is encouraging as the daily chart indicates a strong uptrend.
Current Market Dynamics:
• Today, the price broke above the neckline of the Inverted Head and Shoulders pattern.
• The breakout is supported by:
o Increased volume
o The MACD shifting into bullish territory
o Support from the 10-day and 50-day EMA
Projection:
If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely.
________________________________________
Trade Setup:
• Entry Price: 0.011361
• Stop-Loss: 0.010865 (-4.13%)
• Target Price: 0.014114 (+24.23%)
• Risk-Reward Ratio: 5.55:1
________________________________________
Summary:
SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
UMA 4 year long triangle violent breakout incomingIf you ever wonder what drives violent upward movement of altcoins when they make 30-50% daily gains for many days over the course of many weeks, this chart for UMA is a perfect example.
The coin that has only dumped for over 4 years after the initial massive rally in 2021 is poised to repeat a similar path in 2025.
Large volumes of desperate sell volume were registered earlier this year and marked the bottom and switch to macro uptrend for UMA. FA analysts gave up on the coin that powers Polymarket (the undisputed leader of onchain betting) assuming it will never pump. They simply ignored the fact that TA is the king and when you are in a downward movement, not bullish news will change the price action.
However, when markets turn bullish and altseason comes, the projects with the strongest FA shine. Watch that triangle violently break out, Ripple style soon
Long $TSLAI am getting 100% of my exposure currently through NASDAQ:TSLL , I am very bullish on this setup for Tesla.
Bull catalysts:
Trump Victory - if this happens, I assume TSLA will pump just because of their close relationship
Federal EV Charging Re-compete - in the vein above, I don't see why Trump wouldn't open the failed federal funds of ~ SEED_TVCODER77_ETHBTCDATA:9B to companies to recompute the contract- obviously Tesla could actually deliver the network of chargers more efficiently than GM et al.
QE - I overlaid the FFR on the bottom of this chart, since I think it is valuable information regarding the last time TSLA's face-melting rally began, it coincided with QE beginning.
Their humanoid robots also could be something, but I am not as versed with them. Any other catalysts I'm missing?
Eli Lilly: Is the Uptrend Fading?Eli Lilly has been one of the best-performing large-cap stocks in recent years. But now it may be showing signs of stalling.
The first pattern on today’s chart is the bearish price gap on October 30 after earnings and revenue missed estimates. LLY has remained below the gap since, which may suggest that new resistance has been established.
Second, the recent bounce pulled stochastics into overbought territory.
Third, the drugmaker has remained below its 200-day simple moving average (SMA). The 50-day SMA is also nearing a potential “death cross” below its 200-day SMA.
Finally, consider that LLY is up 578 percent in the five-year period ended last month. That’s the fourth-biggest gain in the S&P 500 over the period, according to TradeStation Data. (Nvidia, Tesla and Builders FirstSource have risen more.)
Given the magnitude of its run, many investors could be sitting on significant long-term gains. Could that open the door to profit taking?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Plug Power's Trend May Be Reversing Upward: First Target at $5NASDAQ:PLUG has lost 98% of its value since the beginning of 2021. Despite three corrections during this period, a trend reversal has not occurred.
However, the demand seen since September 2024 indicates that the price might be in a trend reversal phase.
If this is the case, the first price target is expected to be $5. Should the upward trend continue, the second target could be $7.5.
Continued Pressure on NZD/USD Following a Brief Seller RespiteTechnical Outlook
The NZD/USD pair has resumed its downtrend following a brief consolidation phase. Sellers have aggressively pushed the pair toward the most recent low at 0.58217. A confirmed break below this level could open the door for further declines, with immediate support targets at 0.58177, 0.58126, and the psychological threshold of 0.58070.
The Bollinger Bands exhibit a pronounced downward slope, signaling heightened bearish volatility. Additionally, the moving averages are aligned in a bearish crossover, reinforcing the dominance of sellers in the current market structure.
Alternative Scenario
To counter this bearish outlook, buyers would need to reclaim the immediate resistance at 0.58364.
Key Events to Watch
Market participants are closely monitoring US economic data, including non-farm productivity and unit labor costs, as well as a long-term Treasury bond auction. These reports are expected to influence USD strength, potentially impacting NZD/USD volatility further.
$SPY December 10, 2024AMEX:SPY December 10, 2024
15 Minutes.
605 as expected was done.
Downtrend confirmed as long AMEX:SPY is below 607 levels.
607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08
This 606-607 is a level to short.
For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.
Soif 604 is broken today 599-600 is my target for today.
In daytime frame AMEX:SPY took support at 9 averages.
21 average is 598 levels.
For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.
We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.
GoPro | GPRO | Long at $1.35NASDAQ:GPRO is a strong brand name, but with a dying userbase / lack of growth. The company has no major turnaround planned, but the chart is interesting. The stock seems to be currently consolidating as the historical simple moving average (white line) is working its way down toward the price - which often leads to a jump. Another candidate for the Santa Claus rally? Or, will the "value" lead to an acquisition? Nothing is guaranteed, but something may be brewing. While not a long-term "buy and hold" candidate for me (personally, unless the business changes or growth seems relevant), it looks very intriguing from a technical analysis perspective. Thus, at $1.35, NASDAQ:GPRO is in a personal buy zone.
Target #1: $1.70
Target #2: $2.00
Target #3: $2.50
Target #4: $2.88 (if some good news emerges...)
Fastly Fills the GapWeb-acceleration company Fastly hit a record low over the summer, but now there could be signs of a rebound.
The first pattern on today’s chart is the bearish price gap in May after the release of weak guidance. FSLY is now pushing into that gap, which could make some traders see potential for more upside.
Second are the lower lows and lower highs through August, followed by higher lows. That rounded bottom could suggest prices are done falling.
Third, MACD and the 50-day simple moving average are both rising. Is the direction turning more positive?
Finally, you have the bullish price gap on December 2 on an upgrade by Oppenheimer. (The analyst said FSLY may benefit from the recent bankruptcy of rival Edgio.) The surge pushed the stock above its May 14 high, the resistance level at the bottom of the May gap.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
$SPY December9, 2024AMEX:SPY December9, 2024
15 Minutes.
As can be seen in chart AMEX:SPY struggling around 608 609 levels.
The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement.
For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement.
Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on reversals.
At the moment AMEX:SPY is converged in 3 moving averages 9,21,50.
We have 100 averages sat 606 levels.
That is my first target for the moment.
Day is still strong, and I have 635-640 as target.
We have 606 as 9 averages in day so that should give good support on a reversal.