Bitcoin is almost ready for the final capitulation event at 62k. Is this a lifetime opportunity to buy BTC and catch the bottom? Definitely yes, you can do it pretty precisely at 62402 with your limit order. Why is this level so important? The most important is the 0.618 Fibonacci level that we can measure in the previous impulse wave. Second, we have an unfilled...
Short Term Elliott Wave in Nasdaq 100 ETF (QQQ) suggests it shows a bullish sequence from 4.20.2024 low favoring more upside. Up from 4.20.2024 low, wave 1 ended at 461.5 and pullback in wave 2 ended at 443.06. The ETF has extended higher in wave 3. Internal subdivision of wave 3 is unfolding as a nesting impulsive structure. Up from wave 2, wave (i) ended at...
Good news: from now on, on the Weekends , I will share a post for your Altcoin analysis request , where you write the Project name and Token symbol in the comment section, and I then will share the token analysis with you. Example : Bitcoin(BTC) Project name : Bitcoin Token symbol : BTC A maximum of 20 tokens will be analyzed for you. Each...
FX:XAUUSD continues to be under strong pressure from sellers on the back of a strong dollar. The market failed to overcome the 2325 area and is heading for a support retest. Ahead of the news (Core Retail Sales, Retail Sales), increased volatility is expected. Traders are expecting neutral-bullish data against the US market. If the figures are higher than...
AUDJPY - Use This Only as a Reference Selling XXXJPY pairs is very risky taking in consideration the fundamental perspective. We should know that the bearish wave will be initiated only by BOJ. I am sharing this setup only to for those of you who are LONG in AUDJPY trade and should know that it can move down again. AUDJPY reacted several times near to the top...
BINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth. On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance,...
BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes. The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above...
GER40 may test 18300 before moving lower again From our previous analysis, GER40 decreased after a larger transformation than expected. These days it is possible that GER40 may rise up to the structure area located near18300 before resuming the decline again. This is what GER40 is showing with the current data. The first and strongest support/target area is...
The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven...
There aren't many crypto's I'm bullish on in the short term future, but TSUKA seems primed to make a statement during the 2nd half of 2024 as many other coins look to begin their major descent. The Year of the Dragon is still upon us. If you miss this one, it's all on you, word to the Sangha. (Btw, due to slightly misplaced fib placements, the topside target in...
Short as per my graph Just for me own reference - Not the best of trend change on a 4hr as it havent formed lower lows yet, however have reacted nicely , so entering at the retrace looking for lower targets
Beautiful move overnight on Bitcoin, with price dropping into our grey demand zone as I've been calling it for a week, giving us a wick entry & pushing up 130 PIPS in profit so far😍 Let me know if you got in!
Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.141. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
FX:XAUUSD has been facing strong bears since the opening of the session. The price returns under 2325 and forms a consolidation. Earlier there was a retest of a strong resistance area. The market is still bearish For the gold market the area of 2325 plays a key role at the moment. Bulls are not yet ready to overcome this area on the background of strong...
PEWUSDT is exhibiting a rounding bottom formation, with the price having already broken above the setup neckline and moving towards the final target. The price has completed potential waves 1-4 and is now in the final leg of the wave to complete the current cycle. Our trading plans involves buying within the designated buyback zone and focusing on the immediate...
EURJPY May Rise After Dovish BOJ As we have seen BOJ is not supporting its economy at all. is the only Central Bank that looks like is working too much but overall is doing nothing. These fading hopes may push EURJPY up again for another bullish wave despite the overbought conditions EJ already has. All details in the chart! Thank you and good luck!
STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024 NO.5 #GMRINFRA Buy Price - 94 (CMP 93) SL - 80 TARGET - 115, 130 (25 - 40%) @jagadheeshjp Disclaimer : All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any...