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ETH. Ethereum’s Potential Surge to $7,000. 12/18/24BINANCE:ETHUSDT The current price of Ethereum is nearing a level historically associated with resistance to further growth. Specifically, ETH is attempting to surpass the $4,095 mark, and it will be intriguing to see if it succeeds. Should the price break through this resistance, a powerful upward movement could follow. I recommend using the current chart and the $4,095 price level as a reference point for analyzing other altcoins. If Ethereum manages to break this level, it may influence the performance of other cryptocurrencies as well. The all-time high is $4,868, and if the current resistance level ($4,095) is breached, the next growth target will be this historical peak. Locally, we might witness a correction to around $3,800, followed by a rebound and further breakout to $4,000. In the case of a more significant correction, I plan to add to my position at the $3,618 level. My targets for Ethereum in Q1 2025: $6,000–$7,000. Keep this in mind. Ultimately, what you decide to do is entirely up to you. DYOR.
Long
by trendbooster
6
NOT 1D. Why I Avoid High-Risk Altcoins: Lessons from NotcoinBINANCE:NOTUSDT Before investing in altcoins, it's crucial to thoroughly analyze them and understand the associated risks. In classical investment strategies, two key factors are always relevant: buying at a good price and selling at the right time. For example, with Notcoin, after 114 days, the token price returned to the $0.007076 support level and showed only minor growth. In the same timeframe, Bitcoin and many altcoins have already doubled in value since August 2024. Let that sink in. In my opinion, buying altcoins like Notcoin may not be advisable, as their growth is often less significant compared to Bitcoin and other major altcoins. This makes such investments risky, at least in my subjective view. If you hold tokens obtained from airdrops, it’s essential to sell them when prices hit their peak (ideally at swing highs), as these tokens are likely to see a sharp decline after reaching their maximum value during overhyped periods. Specific Outlook for #NOT: I expect a correction to the $0.007076 support level, followed by a rebound to the $0.017544 resistance level. At that point, I plan to withdraw my initial investment and might even lock in some profits from my main position. Overall, I urge you again to avoid taking excessive risks with altcoins. Diversify your portfolio and aim to sell these types of assets at their peak. DYOR.
by trendbooster
SOL 1D. Solana Ready for New Highs. 12/18/24Currently, the price has formed a "descending parallel channel" and is moving within its boundaries. I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high. Trade Plan: EP (Entry Point): $202 - $196 TP (Take Profit): $240 - $260 SL (Stop Loss): $184 - $182 Personal Approach: I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this! What you should do is entirely up to you. DYOR.
Long
by trendbooster
2024-12-17 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Prices are messed up due to contract change but my lower targets were hit and market is in balance at now 6140ish. Huge support 6115 for the bulls and bears need a strong 1h bar close below it for lower prices. Bulls are in full control when market can only go sideways right under the ath. comment : Both sides made money today so I expect them to do the same tomorrow. If anything I see the chances of another bull breakout higher than a break below. We have clear support at 6115 and until this is strongly broken, look for longs near it. current market cycle: bull trend - late and will end soon key levels: 6115 - 6200 (contract change, so prices are much higher compared to Monday) bull case: Bulls are still buying the dips and making money. They prevent any stronger selling and that is why most will expect a break above the 1h 20ema tomorrow and the bear trend line. 6150 is their target for tomorrow. Depending on what Jpow delivers, we could melt up again but it’s a gamble I am not willing to take tomorrow. Many bulls also bought this because it’s close to the daily 20ema. We have closed once below it in the past 6 weeks. Invalidation is below 6100. bear case: Bears are trying but getting nowhere. They make money scalping but that’s about it. How likely is acceleration downwards? Very unlikely. Most bullish weeks of the year and markets are at peak euphoria. Invalidation is above 6200. short term: Neutral. FOMC tomorrow and if anything I expect bulls to trade back up to 6180 going into it. 6115 - 6140 is neutral. Bearish only below 6100. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade: Nope trade of the day: Selling since Globex or buying previous support 6115. Bears kept it below the 1h 20ema which had 3 great short opportunities today but bulls also had decent bounces off 6115.
CME_MINI:MES1!
by priceactiontds
2024-12-17 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Third consecutive bear bar on the daily chart but the selling is weak. Bears barely push the market down and we are still 200 points above 20000. The bear channel held but chances are decent that it breaks tomorrow and we either go more sideways 20200 - 20400 or test 20500 again. comment: Bears made new lows, which is nice but the pullback is still minor on the daily chart. Anything below 20200 would surprise me and then we could see some acceleration down to 20000. Much more likely is a break of the bear trend line around 20300 and a retest of 20500+ current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case: Bulls buying all the dips and it’s probably just a matter of time when the bears give up again. All bear bars below 20300 look weak and bears have tried 6 times now to break below the channel and have failed. Bullish targets for tomorrow are 20300, 20370 and then 20500. Invalidation is below 20200. bear case : Bears are trying but getting nowhere. Best they can hope for tomorrow is sideways between 20200 - 20300. How likely is it that Jpow grows some, tells the markets they are insane and no more rate cuts? Yeah. Invalidation is above 20600. short term: Neutral 20200 - 20300. Bullish above for 20400 or higher. Bearish below 20200 for 20000. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade: None trade of the day: Buying the open and then selling at the bear trend line. The move down accelerated at a weird time and price, so I cut my profitable shorts too early. FML.
EUREX:FDXSZ2024
by priceactiontds
GOLD stable, pay attention to data and upcoming eventsOn the Asian market on Tuesday (December 17), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,651 USD/ounce and there are almost no significant fluctuations. In the coming days, the Federal Reserve, Bank of England and Bank of Japan will hold monetary policy meetings to decide on interest rates, while also hinting at what 2025 might hold. The Fed is expected to cut base interest rates by 25 basis points. The change has long been priced in, meaning the focus will be on the Summary of Economic Projections (SEP), or Dotplot chart, in which policymakers detail their expectations on inflation, growth, interest rates and employment. These will have a significant impact on the US Dollar. CME's "Fed Tracker" shows traders see a 95.4% chance the Fed will cut interest rates by 25 basis points on Wednesday. Today (Tuesday), the US Census Bureau will release retail sales data for November, which is expected to trigger market volatility during this trading day. Surveys show U.S. retail sales are expected to rise 0.5% monthly in November, after rising 0.4% in October. US retail sales data typically has a greater impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. If US retail sales data is stronger than expected, the US Dollar could strengthen, thus pushing gold prices back down; On the other hand, a weaker-than-expected retail sales report will stimulate a recovery in gold prices. In addition, on the same day, the NAHB home price index in the US will be announced for December, which is expected to increase slightly to 47 from the previous value of 46. In terms of technical structure, not much has changed so readers can review the previous weekly publication linked below. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
OANDA:XAUUSD
by Xayah_trading
2024-12-16 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: Another mind boggling rally with a strong break above 22000. Volume is atrocious but that does not matter one bit as long as we continue up. Market has now broken above at least 2 bigger patterns on my charts and every time a market does that, I expect it to fail, rather than to be the start of a new and stronger trend. current market cycle: bull trend but very late and will end soon key levels: 20000 - 20500 bull case : I got one more bullish target at 22400 but that’s it. We could reach it but I would be very cautious tomorrow and wait how much interest there is in buying above 22100 when the momentum fades. No more thoughts about this for now from a bullish perspective. It’s beyond overbought. Invalidation is below 21800. bear case: Many upper trend lines and breaks above them. Overbought conditions and low volume. All valid arguments but only price matters and that is going higher. 1h close below 21900 is needed for the bears. Before that I would not trust most selling attempts because it’s more likely they will become another bull flag and break to the upside again. I’d be very surprised if bears manage to get down to 21900 and close the gap. Invalidation is above 22200. short term: I’d rather look for shorts above 22100 than for more longs. Can go higher but it would do so without me. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 over the weekend. current swing trade : None trade of the day: Just balls to the walls long from us open or even Global for that matter. Unreal strength.
CME_MINI:MNQ1!
by priceactiontds
PEPE 4H. Awaiting Trend Confirmation: Why Patience Pays OffThe asset price has not dropped below a key support level. If the current candle closes above the support level with increased volume, this would confirm the strength of the trend. If this condition with volume and support holds true, it could push the price upwards toward the next resistance level, where growth might face challenges again. I am considering entering the trade only after confirming that the trend is likely to continue. DYOR.
Long
by trendbooster
4
BLUR 1D. New Opportunities: My Updated Spot and Futures 12/16/24We’ve already hit previous targets for our futures position, and now I’m considering re-entering both spot and futures trades. During the correction, the support level at $0.2920 was once again held, signaling strong bullish sentiment among buyers. This strength likely indicates further price growth ahead. Here are my updated targets: $0.5827, $0.7328, $0.8341. My forecasts aren’t rules — they’re my personal strategy and trading journal. What you do is your decision! DYOR.
Long
by trendbooster
GOLD corrects in 2 days, still has bullish conditions next weekOANDA:XAUUSD fell as the USD held steady at its highest level in more than 2 weeks. However, the market expects the Federal Reserve will still cut interest rates next week and gold prices still have conditions for a possible increase in price. OANDA:XAUUSD has broken multiple record highs this year, supported by Fed monetary policy, strong central bank buying and safe-haven demand. Traders currently assess a 96% chance that the Fed will cut interest rates by 25 basis points at its December 17-18 meeting. Focus will also be on Chairman Jerome Powell's comments as market participants analyze US monetary policy in 2025, especially given President-elect Donald Trump's tariff plans , is very likely to add to inflation. Central banks often keep interest rates high to curb inflation, thereby increasing the opportunity cost of holding unprofitable gold. Pay special attention to the upcoming Fed interest rate decision The Fed's monetary policy statement next week could be the last major impact for gold this year outside of unforeseen geopolitical surprises. Next Wednesday, the Federal Reserve will announce its monetary policy decision after a two-day policy meeting. The Fed is expected to cut its policy rate by 25 basis points to a range of 4.25%-4.5%. The Fed will also release a revised Summary of Economic Projections (SEP), known as a Dotplot chart. In September, SEP showed that Fed officials' median forecast for the policy rate at the end of 2025 was 3.4%. If the 2025 interest rate forecast is revised downward, i.e. cutting interest rates by more than 100 basis points, it could have a direct negative impact on the Dollar and this would push gold prices higher. Markets will also be closely watching comments from Federal Reserve Chairman Jerome Powell. If Powell takes a cautious approach to further policy easing, emphasizing a gradual approach, the dollar is likely to remain strong as it remains supported by President-elect Donald Trump. On the other hand, the US Dollar will come under selling pressure if Powell expresses growing concerns about the cooling labor market and its potential negative impact on the growth outlook. Data next week Next Thursday, the US Bureau of Economic Analysis will release the final revised data on gross domestic product (GDP) for the third quarter, and next Friday will release the personal consumption expenditures price index (PCE). The economic calendar needs attention next week Monday: Empire State manufacturing survey, S&P flash PMI Tuesday: US retail sales Wednesday: Federal Reserve monetary policy decision Thursday: Bank of England monetary policy decision; US weekly unemployment claims; US Q3 GDP, Philly Federal Reserve Manufacturing Survey, Existing Home Sales Friday: Personal consumption expenditure index (PCE) Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold closed the week in a crucial position for upside as it still has bullish conditions. Specifically, the daily chart still shows that gold prices maintain activity above EMA21 and above the technical level of 2,644 USD. Note to readers in the previous edition. In addition, the Relative Strength Index decreased but stayed above 50, which does not show any negative signals. In the near term, if gold brings price activity back above the 0.50% Fibonacci retracement level, it will have the conditions to recover more to the $2,676 level in the short term, more than the 0.382% Fibonacci level and the original price point. 2,700 USD. Overall, gold still has a bullish outlook. However, a negative situation is likely to appear once gold breaks below the 0.618% Fibonacci level because it will tend to retest the 0.786% Fibonacci level with a price point of 2,591USD. Therefore, open long positions will need to be protected when this situation occurs. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
OANDA:XAUUSD
by Xayah_trading
GRASS 1D. Upcoming Airdrop Could Send This Token Soaring Again! The current price is in an accumulation phase, seemingly preparing for a breakout. The project is expected to conduct a second airdrop soon. During the first airdrop, the token’s price surged significantly, from $1 to $3. This time, I don’t expect as dramatic a rise, but I believe the token could reach a value between $5 and $7. Given the upcoming airdrop, I anticipate a potential price increase following this event. DYOR.
Long
by trendbooster
#202450 - priceactiontds - weekly update - wti crude oil futuresGood Evening and I hope you are well. tl;dr wti crude oil futures: Neutral again. Last week we got a bull surprise and market closed at previous resistance. Upside will probably be limited and market could not close above 72.3 for 2 months now. I do not expect it to change that all of a sudden. The volume is also low af and therefore I expect more sideways between 67 - 71. 2024 will likely close near 69. Quote from last week: comment: Bulls are not doing enough but bears are also barely making new lows. Market is mostly two sided and stuck inside an 8$ range for 2 months. Don’t over analyze it. comment: I won’t make this longer than it needs to be and nothing has changed for the past 10 weeks. We are inside a clear trading range 66 - 72 and you can not expect that range to break over the next 3 weeks. Almost anything can happen with the markets but the most reasonable expectation is a continuation. current market cycle: trading range key levels: 66 - 72 bull case: If bulls can close the gap to 72.56 I’d be very surprised. 71.5 is likely still bigger resistance and thus most bulls will exit longs above 71 on any decent weakness. Daily close above 72 would change that a bit but not too much. Invalidation is below 66. bear case: Upper third of the trading range is where bears are favored again but they need to show some selling pressure before you should think about shorting this. If you would short this now, would you put your stop at 71.5? That’s really tight and the risk the market prints those couple of ticks is big. Next best stop would be 72.8. In any case, I wait for selling pressure before I short. Invalidation is above 71.6. outlook last week: short term: Neutral 68 - 70 and I doubt we make lower lows below 66. Even if bears push below, downside is likely limited. Can’t change much of last weeks short term outlook, since it’s still valid. Bears have targets below 66 but until they get a daily close below it, we continue sideways. → Last Sunday we traded 67.2 and now we are at 71.29. Range is still holding. Outlook was ok. short term: Neutral 68 - 71.6. Above 71.6. we could see 72.2 but probably not higher than 72.8. Bears are favored at the upper third of this range. medium-long term - Update from 2024-11-10: Unless an event comes up, this will very likely close around 70 for the year. current swing trade : None chart update: Nothing worth mentioning. Again.
NYMEX:MCL1!
by priceactiontds
#202450 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold futures: Neutral. Very strong rally Mo-Wednesday just to almost completely reverse and close the week 11 points above the open. Rallies getting stuffed hard now and bulls will only try so many times until we test lower prices. 2630 is the price for bears to break and bulls need anything above 2760 again. It’s much more likely that we close 2024 around 2700. Market has also formed another triangle on the daily/weekly chart, so don’t expect a trending market for the next 3 weeks. Quote from last week: comment : I won’t waste much time with this market this week. Clear triangle and market is in total balance around 2660. Wait for the breakout or play the range. My best guess would be that we both see 2600 and 2700 in the next 3 weeks. comment : Quick and dirty again. Bulls had the perfect setup for 2800+ but blew it. Big bois selling the rips and market formed another triangle. I doubt it will go anywhere in the next 3 weeks. Likely yearly close around 2700. Play the range or don’t trade this at all. current market cycle: trading range key levels: 2620 - 2750 bull case: Bulls blew it. The setup from last weeks Friday was perfect and Mo-We we had amazing follow through. Thursday was a huge bear surprise and bulls just gave up on the rally. They got stuffed big time now two times over the past 5 weeks, which makes me believe that there are probably not many more bulls who want to try a third time. Sideways is the most likely and reasonable thing to expect here. Invalidation is below 2630. bear case: Strong bears selling the rips but I don’t expect them to really try and push this below 2600 again. 2630 was huge support the past weeks and even if they print below, they would still have to break through the big bull trend line from August. Invalidation is above 2763. outlook last week: short term: Neutral inside given range. → Last Sunday we traded 2659 and now we are at 2675. Market went much higher than expected but nowhere on the week, so outlook was ok. short term: Neutral inside given range. medium-long term - Update from 2024-12-07 : No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. Likely close around 2700. current swing trade: None chart update: Nothing
COMEX_MINI:MGC1!
by priceactiontds
#202450 - priceactiontds - weekly update - sp500 e-mini futurestl;dr sp500 e-mini futures: Same as for dax. Shallow two-legged pullback to the moving average is a perfect buy signal once we trade above 6087 again. I have targets at 6300 or higher and the chart is as clear as it gets. Only a daily close below 6000 would change the outlook. Quote from last week: comment: Chart is clear, do not look for shorts until we see bigger selling pressure. Current structure has a lot of room to the upside, if you like it or not. My tl;dr covered most of it. comment: Nothing has changed from last week. Market went nowhere and it has formed a perfect very shallow two-legged pullback to the ema. Above 6080 it’s a clear buy signal and I can see this going for 6300 into year end. No bearish thoughts, since bulls are in full control and best bears could do last week was a 70 point pullback. That is as weak as it gets. current market cycle: Bull trend - very late key levels: 6000 - 6300 bull case: Chart is still the same and structure did not change. Once we break above, long it for 6150+. Nothing more to say about this. Invalidation is below 6000. bear case: Dax outlook covers also sp500 and nasdaq. Bears are not doing anything and until they come around big time, only look for longs. Bears need a daily close below 6000 for me to reevaluate. Invalidation is above 6120. outlook last week: short term: I won’t put out a bullish outlook after such a climactic rally without any decent pullbacks. You can only go wrong here. Neutral until bears come around and if the rally continues, it will be without me. If bears come around, first target is obviously 6000 and there I expect another bounce before market decides if it wants to go below 6000 or not. → Last Sunday we traded 6099 and now we are at 6055. Good outlook. short term: Neutral until we break above 6080 and then 6120. Above 6120, market has to find a top and that could be all the way up to 6300. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade: None chart update: Removed the potential bearish two-legged correction. Only bullish targets remain for now.
CME_MINI:MES1!Long
by priceactiontds
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 16 - Dec 20]At the beginning of this week, OANDA:XAUUSD quite strongly from 2,627 USD/oz to 2,726 USD/oz, but then dropped sharply to 2,645 USD/oz and closed the week at 2,648 USD/oz. The reason why international gold prices increased sharply in the first sessions of this week was because investors reacted to the fact that the People's Bank of China (PBoC) returned to buying 5 tons of gold in November after many months of temporarily stopping buying. reserve gold. Even with the six-month hiatus, the PBoC bought 34 tons of gold this year and remains one of the top central banks buying gold in 2024. However, gold currently accounts for less than 6% of China's total foreign exchange reserves. This shows that the PBoC's room to continue buying gold reserves is still very large, especially when US-China tensions are increasingly escalating when President-elect Donald Trump threatens to impose very high tariffs on China. However, after rising to 2,726 USD/oz earlier this week, gold prices once again fell sharply because US inflation remained persistent, affecting expectations of the FED's monetary easing cycle. While the decision on FED monetary policy will receive more attention next Wednesday, the gold market will also receive important economic data that can impact the FED's monetary easing cycle, such as retail sales, revised third quarter GDP of the US... 📌Technically, the gold price still maintains an uptrend on the Daily technical chart, as the price is still above the EMA89 moving average. However, on the H4 chart, the movement of the moving average shows that the price is accumulating sideways, the resistance area to pay attention to is around the 2725 mark, while the important support zone is around the round resistance mark of 2600. In the coming week Many influential information can cause gold prices to fluctuate strongly beyond this sideways range. Notable technical levels are listed below. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2751 - 2749⚡️ ↠↠ Stoploss 2755 BUY XAUUSD PRICE 2579 - 2581⚡️ ↠↠ Stoploss 2575
OANDA:XAUUSD
by Xayah_trading
BONK 4H. Big Swing Ahead. 12/14/24After reaching a local high, the price retraced and moved into a correction phase. During this correction, the support level at $0.003183 was held, indicating bullish sentiment among buyers. It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about drawdowns, positions can also be accumulated or added from the support level at $0.003183. Here are my parameters: Entry Point (EP): Current price Take Profit (TP): $0.005553, $0.006426, $0.007446 Stop Loss (SL): $0.002587 But remember: your money — your responsibility! P.S.: I'm aware of the additional zeroes after the decimal; they’ve been omitted for simplicity. All levels are shown on the chart! DYOR.
Long
by trendbooster
PEPE. Smart Money Is Betting Big on PEPE. 12/14/24On December 10th, nine wallets (likely belonging to the same investor) invested 13.8 million DAI to purchase 555 billion PEPE, with an average buying price of $0.000025. I believe that #PEPE is a dark horse that could deliver a major surprise by the end of this cycle. However, always keep in mind the potential scenario where we may drop to retest the mirrored level at any moment. A possible strategy: allocate 25% of your intended investment at the current price and set 2-3 limit orders down to the support level marked on the chart. The target is also indicated on the chart. DYOR.
Long
by trendbooster
2