Hello everyone! Let's discuss and strategize about SOLUSDT today! On the hourly chart we see the trend changed, then the market moved into a consolidation phase and reached $146.45 and is down 0.68% on the day. The market's resistance area continues to hold the price but in the context of gathering liquidity that is harmful to sellers and gradually approaching on...
Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hey everyone, let's check out what's happening with GBPUSD today! Right now, GBPUSD is adjusting its course after setting a new peak around 1.256, with a new support level identified on the chart. Later today, Fed Chair Powell will engage in a moderated discussion with Klaas Knot, the president of De Nederlandsche Bank, at the annual meeting of the Foreign...
AD running a bearish cypher pattern on the 4hr. Also money flow/AD peaking with price action. Price action also hit my 1.618 fib level which is bearish. Money Flow and AD needs to breakout above b leg, however the down trend looks In tact. Short term bearish outlook.
FX:XAUUSD earlier returned to the range after a false breakdown of resistance. The market is now fading as it is in the waiting phase for Powell's speech as well as the rest of the inflation news. Traders are waiting for PPI ( ECONOMICS:USPPIMM ) today as well as tomorrow's CPI ( ECONOMICS:USIRYY ) . Earlier, the market discussed the interest rate cut as...
Hello smart and wealthy traders! Selling activities to take profits and investors waiting for US inflation data caused the market to decline in the first session of the week. Closing the trading session on May 13, world spot gold price decreased by 24 USD to 2,335 USD. During the session, the price at times dropped close to 2,330 USD. Analysts believe that...
Today, gold prices gently rebounded, oscillating around the $2338 to $2340 range as short-term traders took profits following an early-week decline. Meanwhile, the market remains on standby for upcoming data that could shed more light on the Federal Reserve’s (Fed) interest rate trajectory. Recently, Fed officials have indicated that the Fed would consider easing...
This is what can happen to XRP (XRPUSDT) in the coming months. We are using a "6 months projection" time window but the general believe is that XRP can move before many of the major Altcoins; it is likely to be one of the first to move... One of the first to move big! Why bullish? ➖ The last bullish wave happened 308 days ago (more than 10 months). There is...
Gold prices (XAU/USD) rebounded despite a strengthening U.S. dollar (USD) on Tuesday. The rise in the precious metal's value may be limited as traders might wait for critical U.S. inflation data due later this week. The mantra of higher-for-longer interest rates in the U.S. has exerted some selling pressure on XAU/USD in recent sessions. However, the flow into...
As of now, gold has risen by $21.9 to $2,357.6 per ounce, reclaiming last week's high following strong news released yesterday evening. This increase is primarily due to the weakening of the US dollar and treasury bond yields after the release of US producer price data for April. The US dollar fell by 0.2%, making gold more attractive to investors holding other...
This chart uses symmetric trajectories from the early distribution phases to estimate the path price will take to initiate markdown. Initial target = 506-508. If SPY finds resistance at 516 then the initial target could hit by the end of this week (5/10). If SPY breaks above 516 it should find resistance at 518-520, and then the initial target will be delayed -...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
Let me show you this very simple signal, it shows where Bitcoin is headed next. ➖ We are looking at the 1H time frame; notice the volume. Each time there is a volume breakout, it ends up being a bearish move. This indicates that the bias is bearish and thus lower prices. ➖ The downtrend confirms the volume signal. Where are the bulls? The chart can always...
This is doomed. Always dangerous to short NVDA, but if we get a break below 894 in the next day or two I'll buy puts with target 861 by end of May (nice 30 point drop). Could go a lot lower. I'm going to leg into puts before the bell and then add bigger if we get the break below 894. Had a great run, if you've followed me since Jan 2024 I predicted NVDA would...
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Due to report shortly after market close on 22 May (typically 06:20 AEST / 21:20 UK). “The most important stock in the world” - That was the label given to Nvidia (NVDA) throughout February as we geared up for its highly anticipated Q424 earnings results. Where, at the time, the sheer number of articles written on the stock was incredible – when you are a...
As expected, the price has pulled back towards the support level around 2330, which I mentioned in my previous post. OANDA:XAUUSD price has been ranging near the previous day's low, having fallen from its recent highs. The channel border, which acts as upward trendline and a swap zone, is now being tested. This support level previously acted as resistance,...