PLTR heads up at $54.50: Dual Golden fibs that could cause a DipPPLTR has been flying as we all know.
Election boost ran to a major landmark.
Dual Golden fibs should be very strong.
It is PROBABLE that we "orbit" them a few times.
It is POSSIBLE that we have "topped" for a while.
It is PLAUSIBLE to "overshoot" to next landmark.
$ 54.49 - 54.60 is the resistance zone to watch.
$ 50.21 - 50.38 is the first support zone below.
$ 61.14 - 61.70 is the next resistance above.
Drag DOWN on the PRICE scale to look above.
========================================
Fibonacci
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg.
Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM
Original Chart :
Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details.
Fibonacci Extensions and Price Targets
Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection.
Moving Averages and the Golden Cross
Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.”
Volume Profile and Key Levels between $200-$240
The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative.
Mapping Out the Bullish Scenarios
So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line.
Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
ARM eyes on $160 above, $115 below: Major levels into Earnings ARM has been recovering from a good correction.
Currently testing a key zone just before earnings.
Today's report will determine trend for a while.
$ 144.43 - 145.47 is the "Decision Zone"
$ 159.02 - 161.25 is "Major Resistance" above.
$ 115.21 - 117.36 is "Major Support" below.
See "Related Publications" below for other Chip stocks
===============================================
.
Next stop 82K , 91K, 103KThis is a simple Fib weekly chart analysis showing you the next price BTC
127.20% = $82,370
141.40% = $91,135
161.80% = $103,728
Some of you maybe see this is not going to happen, but I am telling you since Trump won the election, The BTC will hit the green peak candle at $138,000K
that candle is a sign to show people that BTC will reach this price oneday, believe it or not, but I am telling you you still can make money in Crypto, with future trading.
DOGE Swing Trade Opportunity after Trump and Elon Musk's VictoryWith the recent victory of Donald Trump in the 2024 U.S. presidential election, the crypto market has responded with a wave of optimism, particularly with Bitcoin (BTC) reaching new all-time highs. This bullish sentiment has trickled down to Dogecoin, which saw a significant price surge of approximately 15%.
Now, with Musk’s push for the D.O.G.E. initiative—aiming to streamline government and reduce spending by trillions—the market is seeing a potential for CRYPTOCAP:DOGE to become more than just a meme coin; it could emerge as a symbol for Musk’s broader political and financial influence. This, more than any short-term rate decision from the Fed, could be the real driving force for Dogecoin in the coming months.
FOMC & Market Pullback
The Federal Reserve's interest rate decision scheduled for tomorrow could bring volatility to the crypto market. A rate hike could trigger a temporary pullback across major assets, including DOGE. However, these pullbacks may present ideal entry points for traders looking to capitalize on the overall bullish sentiment fueled by a pro-crypto administration.
Key Levels to Watch for DOGE
Primary Entry Level – 0.618 Fibonacci Retracement
A significant level to watch for DOGE’s pullback is the 0.618 Fibonacci retracement level, which aligns closely with a 1-day Fair Value Gap (FVG) and the Point of Control (POC) from the volume profile.
This confluence makes it a high-probability entry level where DOGE is likely to find support.
This zone, marked around the $0.16 - $0.17 range, is ideal for both leverage and spot traders looking to go long.
1-Week Order Block Target Zone
For swing traders, the upper target range sits within a 1-week order block between $0.27 - $0.28. This level represents a strong resistance area and an ideal zone to take profits gradually.
Given the bullish sentiment in the broader market, reaching this zone could result from continued positive momentum, especially if Trump's administration continues to promote a crypto-friendly stance.
Trade Setup Summary
Entry Zone: $0.16 - $0.17 (0.618 Fib + 1D FVG + POC)
TP Levels:
TP1: $0.21
TP2: $0.24
TP3: $0.27 - $0.28 (1W OB)
Stop Loss: Below $0.15, to protect against deeper pullbacks if the market turns bearish.
Caution
As the FOMC decision approaches, expect potential price fluctuations. Monitor the market closely, as rate hikes could impact liquidity and create short-term volatility. Being cautious with leverage and adjusting positions based on market conditions is essential.
Have a safe and victorious trade everyone,
Cheers!
Toncoin TON price will surprise everyone💎If you look closely at the OKX:TONUSDT chart, you can see/think that the last six months have seen a global trend reversal pattern - Head and Shoulders.
But! This pattern will be confirmed after the price of CRYPTOCAP:TON is firmly fixed below $4.50. Then the target is $2.30-2.50.
However, this is all very obvious, trite, and not interesting)
We want this idea to become prophetic and Legendary, so we hope for the beginning of a hypercycle of #Toncoin price growth with an ultimate goal of $93
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
XAUUSD - Will Trump cause gold to fall?If gold reaches the bottom of the descending channel, which is also in response to the demand zone, we can look for gold buying positions.
Donald Trump won in Wisconsin and got 10 electoral votes, and Trump's total electoral votes reached 277 electoral votes. In this way, Donald Trump became the 47th president of the United States.
The rise in long-term interest rates and the broad sell-off across the Treasury yield curve reflect public expectations for an inflationary mix of domestic (fiscal and immigration) and foreign (tariffs) policies from Trump.
Also, we see movements in short-term US dollar swap rates related to the hawkish revision of Fed interest rate expectations. In line with forecasts and public expectation, markets still expect the Federal Open Market Committee (FOMC) to cut interest rates by 25 basis points to 4.75% tomorrow.
BTCUSD 74500$-75000$After breaking the previous high, Bitcoin made a retest and started a new bullish consolidation. We also see a break of the upper trend line and a strengthening of the bullish momentum. Everything indicates that we will visit the ATH zone again and attack it to create a new one. The target is -0.618% Fibonacci level and $74600. It would be nice to see Bitcoin at $80,000 in December, and maybe even earlier.
XAUUSD 4HR BULLISH SWING?WEEKLY: Still bullish and just reached the 23.6 retracement level and isnt far from touching 38.2 retracement level.
4HR: Still bearish with a new low being made into the WEEKLY DEMAND ZONE. Need bullish momentum.
30MIN: Still bearish but need momentum to slow down to enter for buys.
REWARD:RISK Ratio: 4.50:1 or 10:1
ENTRY: 2705 area as the 3MIN momentum is starting to show as bullish in the WEEKLY DEMAND ZONE.
EXIT: 2 options. Could exit at the previous high on 4HR. Or could exit at the -27.6 Extension line where the 23.6 WEEKLY pullback would have been completed.
STOP LOSS: 2695ish area below 38.2 WEEKLY retracement line.
Uniswap UNI price "wake up"💰 The city falls asleep - the unicorn CRYPTOCAP:UNI wakes up
Now OKX:UNIUSDT price has "hit" from down the local trend line, so:
if you are a happy holder of the #Uniswap token, just keep your fingers crossed that the price will break through and continue to move towards $13
if you want to buy this asset for your crypto portfolio, with the prospect of taking +70% profit by the end of the year, then first wait until the #UNIUSD price breaks through and consolidates above the red trend line.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
USDCAD - Trump gave a new trend to the dollar!The USDCAD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. If the upward movement continues, we can see the supply zone and sell within that range with the appropriate risk reward. The correction of this currency pair towards the demand zones will provide us with the next buying positions.
Following the announcement of Donald Trump’s election victory, the U.S. dollar has risen against almost every currency globally. Markets are not only preparing for Trump’s presidential win but also foresee a Republican-controlled Congress, which is crucial for the incoming president’s ability to implement policy changes through the U.S. government.
Ahead of the October 23 monetary policy meeting, officials at the Bank of Canada believed that inflationary pressures were on a downward trend and further tightening of monetary policy was unnecessary. They considered a 0.25% rate cut, though strong consensus emerged for holding off based on economic data observed since July.
Officials noted that a rate cut would require time to sufficiently impact per capita consumer spending and counterbalance the overall consumption decline driven by slower population growth. They agreed to continue normalizing their balance sheet through maturing bonds.
According to informed sources, OPEC+ has reached a preliminary agreement to postpone an increase in oil production for December. This agreement includes countries such as Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, which have decided to extend their voluntary oil production adjustments until the end of December 2024.
One key factor weakening the Canadian dollar is the country’s economic challenges. The Canadian housing market is facing serious difficulties due to rising interest rates, and the decline in demand for new home purchases has dimmed future prospects for the market. Additionally, slower population growth, largely dependent on government immigration policies, is negatively impacting the economy. Nonetheless, some hope that China’s economic stimulus efforts and rising natural commodity prices might support the Canadian dollar, though these factors carry their own risks.
BlackRock has stated that expectations for a Federal Reserve rate cut are overly optimistic. The bank cited the following reasons:
U.S. third-quarter GDP data show that consumers remain the main driver of economic growth. The average monthly job creation over the past three months has been 104,000 jobs, a healthy rate, which is likely to rise considering hiring pauses due to storm disruptions.
S&P 500 Change of CountsThe new high made during this election day has made me change the count. A reader of my post did comment and share a link on this new count which I did have in a couple of my posts, but I have to admit a mistake as a mistake and a bias as a bias.
Now that S&P has made a new high, we must have a new target. Based on Elliott Wave, there IS A MAXIMUM target of 6208.5 based on Oanda CFD. This is because wave 3 is currently the shortest wave and that is not allowed in EW (the alternative is that this wave 3 is actually wave 1 of 3). But any price below 6208.5 is good as a peak. We have to wait until wave structure firms up before making another call.
GBPUSD → Negative fundamental background. Going to 1.2500FX:GBPUSD is reversing after a retest of strong resistance with no opportunity to enter the liquidity zone. The negative fundamental background is confirmed.
The dollar is flying upwards. News channels and not only already declare about the victory of Trump, whose policy is directed towards the strengthening of the dollar. Markets are starting to react accordingly.
As for GBPUSD, in the last article I focused your attention on 1.2813 and 1.305: If after a pullback to the resistance the price starts to retest the support, the chances of a breakdown and further decline will increase.
The fundamental background, formed at the moment, is favorable for the fall of the currency pair.
Resistance levels: 1.294, 1.30, 1.3044
Support levels: 1.2813, 1.2672, 1.25
The technical and fundamental background are going in the same direction. Emphasis on the key support. A slight pullback is possible before further breakout. Also continue to follow the news!
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!