[INTRADAY] #BANKNIFTY PE & CE Levels(12/12/2024)Today will be slightly gap up opening expected in banknifty near 53500 level. Currently market creating the consolidation zone. After opening if banknifty starts trading and sustain above 53550 then can go for the long side position. Downside possible below 53450 level. 53050 level will act as a strong support for banknifty. Any major bearish rally only expected below this level.
Priceprediction
Be Ready For A 20%+ Pullback On BitcoinTraders,
With the 100k psychological resistance almost hit today and just above that our 1.618 Fib Retracement from previous high in 2021 to its low during the bear market, I think it is time we consider some pullback from Bitcoin. I sometimes like to take a look a MSTR to see what it's doing as it often drops clues as to what Bitcoin will do next. Today MSTR dropped nearly 22%. That's interesting because the level of pullback that I have been discussing for Bitcoin is to that 76k price level, around 22%.
I may actually even pull the trigger and short BTC at 100k and then DCA in another load at 102k but I am not sure we'll even get there before we start to pull back.
✌️ Stew
#NIFTY Intraday Support and Resistance Levels - 27/11/2024Flat opening expected in nifty. After opening important support level for nifty is 24100. Upside 24350 will act as a resistance for today's session. Any major upside rally only expected if nifty starts trading above this resistance level. Downside rally possible if nifty gives breakdown and starts trading below 24100 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/09/2024)Today will be gap up opening expected in banknifty near 53000 level. After opening if banknifty starts trading above 53050 level then possible strong upside rally of 400-500 points in index. Downside 52550 will act as a strong support for today's session.
ZILUSD Forecast: Bullish Momentum & Targets for Q4 2024, Q1 2025ZILUSD currently finds robust support at $0.0136, suggesting favorable conditions for a potential uptrend. The recent retesting and observed volume indicate a promising setup for a bounce. Concurrently, the ETHBTC pairing shows notable growth, poised to potentially flip the 0.6 level, signaling a likely rally in altcoins. Moreover, with ETH's ETF approval nearing, the market anticipates heightened volatility and upward movements in Q4 2024. Historically, such periods have exhibited significant price rises and increased market activity during bull runs. Notably, preparations for market exit around March or November 2025 are advisable as bull runs typically conclude during these times.
In historical contexts, ZILUSD has shown resilience and substantial targets during bull runs, with a minimum target projection of around $0.5 in Q4 2024. Breaking the $0.5 resistance could propel prices towards a maximum target of $1.5 by Q1 2025. Since its listing in January 2018 amidst a bear market, ZILUSD underwent significant downtrends until March 2020, followed by a notable uptrend till May 2021's bull run. Subsequently, a downturn from May 2021 to December 2022 led to a consolidation phase until March 2024, marked by recent upward movements.
Retesting support at $0.0135 suggests a potential for a substantial uptrend towards Q1 2025 amidst the approaching altcoin season, expecting similar market volatility. Monitoring resistance zones and patterns is essential to maintain active trading strategies. Consider exiting long positions around March or November 2025, aligning with historical market cycles.
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ADA Bull Run Insights: Historical Patterns and Future ProjectionIn this detailed analysis of Cardano (ADAUSD), we examine the current support level at $0.333, which is proving to be a significant point for potential gains. Should this support hold, ADA could see a substantial increase. However, if it breaks, the next strong support is around $0.24, where a bounce is highly anticipated due to upcoming positive events and the nearing approval of Ethereum ETFs. These events could trigger a rally in altcoins, likely to be observed in Q4 2024. Historically, bull runs have been characterized by high volatility and substantial price rises, which we expect to see again.
For the upcoming bull run, Cardano's target is projected to be at least $7, based on historical performance and calculations. If ADA flips the $7 resistance by February 2025, we could see a maximum target of $9.11. Cardano, listed during the September 2017 alt season, yielded a 7322% return and an impressive 15556% return during the 2021 bull run. For 2025, we are anticipating a return of approximately 3750%. ADA is currently forming an uptrend with its maximum resistance projected at $9.11. Historically, bull markets have seen unexpected price pumps, and we can expect similar volatility this time. It is crucial to monitor S&R zones to keep trades active and plan to exit long positions around March or August 2025.
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Analyzing NMR Bullish Symmetrical Pattern: Breakout ForecastThe NMRUSD pair holds strong support at $11.80, presenting significant potential for a bullish move. If this support level holds, we can expect a notable gain. However, if this support breaks, the next strong support is at $10.66, where a bounce is anticipated due to the proximity of a bull run and the nearing approval of the ETH ETF. We can expect market bullishness in Q4 2024, accompanied by high volatility and substantial rises typical of bull runs.
Anticipated Bull Run Targets:
Based on historical data and calculations, NMRUSD's minimum target during the bull run is projected at $360. If it can flip the $360 resistance by February 2025, we might see a maximum target of $1000. NMRUSD, listed in 2017, has formed a symmetrical triangle pattern expected to break out during the 2025 bull run. Historically, prices have shown unexpected pumps during bull markets, and similar volatility is expected this time.
Strategic Long Position Management:
Considering the resistance zones and the potential pattern breakout, it is crucial to maintain active trades while monitoring these levels. Plan to exit long positions around March or November 2025, as the bull run is likely to end during this period.
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VET Set for Major Gains: Preparing for Alt Season SurgeVeChain (VET) is part of a blockchain platform that enhances supply chain and business processes. It improves transparency, traceability, and efficiency across various industries, including healthcare, agriculture, luxury goods, and logistics. With the VET coin serving as a transactional token, companies can ensure the authenticity and quality of their products.
Currently, VeChain shows significant potential. With a maximum circulating supply of 86.713 billion tokens, about 93.39% already in circulation, VET is poised for growth. The alt season is between Q4 2024 and Q1 or Q4 2025, during which the market is expected to see a substantial increase in volume. This period could present an excellent opportunity for VET to make significant gains.
At present, VETUSD's strong support level is at $0.02443. If this support holds, we could see a significant upward movement. However, if it breaks, the next strong support lies at $0.2028, from where a bounce is expected. We anticipate market volume to start increasing from October 2024 onwards, signaling the beginning of a bullish phase.
Based on our calculations, VET's bull run targets a minimum of $1 by Q1 2025. If VET flips the $1 resistance by Q1 2025, the maximum target could reach $11.2 by Q4 2025. Alt season often brings unexpected price surges, and we might see similar volatility this time. It's crucial to monitor the resistance zones and manage trades accordingly. We recommend exiting long positions around Q1 or Q4 2025 to capitalize on the bull run and alt season's end.
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XRP Bullish Symmetrical Pattern Breakout: Potential Gains Ahead!XRP Ledger's native digital currency, XRP, operates on an open-source, permissionless, and distributed ledger that settles transactions in 3-5 seconds. It can be sent directly without needing an intermediary, making it a convenient instrument to bridge two currencies quickly and efficiently. Currently, there is significant potential seen in XRP, as it is forming a bullish symmetrical pattern over a long time frame.
This pattern emerged after the downtrend starting on December 25, 2017, which lasted until 2020. During the 2021 bull run, price movements were within this pattern. It is expected that in the 2025 bull run, XRP will break this pattern’s resistance, leading to substantial gains. This pattern is likely to be completed in 2024 or 2025.
XRP has a maximum circulating supply of 100 billion tokens, with approximately 55.69% of the supply currently circulating. The alt season is anticipated to begin around Q4 2024 or Q1 and Q4 2025, bringing substantial volume across the market. XRP has the potential to provide significant gains, with strong support currently at $0.4496, from where a substantial upward movement is expected. If this support level breaks, the next strong supports are at approximately $0.2474 and $0.22, where a bounce is likely.
As the alt season is approaching, we expect market volume to start increasing post-October 2024, leading to noticeable market momentum. It is crucial to exit the market around Q1 or Q4 2025, as the bull run and alt season are expected to end around this time, with prices potentially near these resistance levels.
Calculations indicate that XRP's bull run targets could reach a minimum of $11.56. If XRP flips the $11.56 resistance by Q1 2025, we might see maximum targets around $14.02. Prices tend to pump unexpectedly during alt seasons, and similar volatility can be expected again. However, it is important to keep trades active while observing resistance zones and to exit long positions around Q1 or Q4 2025.
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ETHUSD Bull Run Forecast: Key Support Level & Bul Market InsightEthereum (ETHUSD) currently shows a strong support level at $2760. From this level, there is a high possibility of a significant gain. However, if the $2760 support level fails, we can expect the next major support between $2100 and $2200. This area should provide a strong bounce as the bull run approaches.
Historically, Ethereum has shown major movements during bull markets. In January 2016, Ethereum flipped resistance and saw a massive pump, creating a new resistance zone by January 2018. The next bull market in May and November 2021 saw Ethereum touching this resistance twice. We anticipate a similar pattern with the upcoming bull market, potentially reaching this resistance by March or April 2025. If not, we could see this level touched in October or November 2025. Each bull market is characterized by significant volatility, and we expect similar movements this time.
Our targets for Ethereum during the bull run, based on historical data and calculations, project a minimum target of $18,422 by March 2025. If Ethereum flips this resistance by July or August 2025, we could see a maximum target of $23,350 by October or November 2025. Historical bull markets in 2017, 2018, and 2021 have shown unexpected price pumps, and we anticipate similar volatility in Q1 and Q4 of 2025.
We recommend staying active in your trades and keeping an eye on the resistance zones. Long positions should be exited by March or November 2025 as the bull market is expected to end, leading to a downward trend in 2026.
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COMP Key Support Levels and Potential Bull Run Targets for 2025COMPUSD is currently demonstrating strong support at the $43 level, presenting a promising opportunity for significant gains. If this support holds, it sets the stage for a robust upward movement. However, if the $43 support level is breached, the next critical support is $32. There is an 80% probability of a bounce from this level, especially with the alt season approaching rapidly. Historical trends indicate that the alt season will likely culminate by November or December 2025.
The potential targets for COMPUSD during the anticipated bull run are impressive. Based on historical data, the minimum target stands at $1,730 to 2000$. Should COMPUSD break through this resistance by February or March 2025, we could see a maximum target of $3,000. It is crucial to remember that the alt season is expected to end in November or December 2025, and it is advisable to exit the market in November 2025.
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Premium Gold idea for this upcoming week $$$Based on historical trends and current market conditions, XAU/USD is likely to be bearish for day trading with a starting price of 2414.44. Traders should monitor real-time market dynamics and economic data releases for potential price movements throughout the upcoming week.
Entry: 2414.44
SL: 2422.72
Target 1: 2370.95
target 2: 2332.10
#Xauusd #bearishtrend #daytrading #marketanalysis #financialmarkets #priceprediction #economicdata #realtimemarketdynamics
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Solana Fib Fan Shows Support at $107-122Where can we find support for Solana? A quick draw of the Fib Fan shows that if our 100 day sma does not hold, we could drop to anywhere from $107 to $122. This would coincide with both the rising 200 day sma and .618 on the Fib Fan, a great area of confluence which would make great support.
Bitcoin Remains Precisely on Target Path to 60kGood Morning,
In my last post(s), I had projected a bounce from 64.8k to 69k. Check. Then, I suspected we may drop again and next break 64.8k. Check. The next target was then a retest of my multi-year support/resistance tl from 2019. We are almost there. The tl actually sits at around 61k and rising. However, we could wick down below that during the course of a day. Once at this point, I explained that the market will have to decide whether we drop further (in this case, 48k would be our next target down) or whether we rise again and move up to my inverse h&s target of 79k. My bet is still on the latter. But any break below that 2019 tl with confirmation could easily change my mind. Until then, the line in the sand has been drawn and I remain bullishly biased to 79-80k at which point I will re-assess.
Best,
Stew
traders await US CPI on ThursdayGold price remains confined in a narrow range as traders await US CPI on Thursday
10 January 2024
• Gold price extends its consolidative price move above a multi-week low touched on Monday.
•The Fed rate cut uncertainty is holding back traders from placing aggressive directional bets.
• Elevated US bond yields underpin the USD and cap gains ahead of the US CPI on Thursday.
Technical Analysis: Gold price bears await a break below the 50-day SMA support near $2,017 area
From a technical perspective, the multi-week low, around the $2,017 area touched on Monday, which now coincides with the 50-day Simple Moving Average (SMA), should protect the immediate downside. A convincing break below could make the gold price vulnerable to accelerate the slide towards the $2,000 psychological mark. Some follow-through selling will expose the December swing low, around the $1,973 region, before the XAU/USD eventually drops to the $1,965-1,963 confluence, comprising the 100- and 200-day SMAs.
On the flip side, the $2,040-2,042 zone might continue to act as an immediate strong barrier, above which the Gold price could aim to retest Friday's swing high, around the $2,064 area. The next relevant hurdle is pegged near the $2,077 area, which if cleared decisively will negate any near-term negative outlook and set the stage for a move towards reclaiming the $2,100 round figure.
Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday. The precious metal continues with its struggle to gain any meaningful traction during the Asian session on Wednesday as traders seek more clarity on the Federal Reserve's (Fed) rate cut path before placing directional bets. Hence, the market focus will remain glued to the release of the latest consumer inflation figures from the United States (US) due on Thursday, which will play a key role in determining the near-term trajectory for the commodity.
Ahead of the key data risk, investors have been scaling back their expectations for a more aggressive policy easing by the Fed in the wake of a robust December US jobs report on Friday, which pointed to a still-resilient labor market. This remains supportive of elevated US Treasury bond yields and acts as a tailwind for the US Dollar (USD), capping the non-yielding Gold price. That said, geopolitical risks stemming from the Israel-Hamas war and persistent worries over a slow economic recovery in China – the world's second-largest economy – should lend some support to the safe-haven precious metal.
Daily Digest Market Movers: Gold price struggles for a firm direction amid mixed fundamental cues
• The uncertainty over the timing of when the Federal Reserve will start cutting interest rates holds back traders from placing fresh directional bets around the gold price.
The New York Fed reported on Monday that US consumers' projection of inflation fell to the lowest level in nearly three years in December, raising bets for an imminent shift in the Fed's policy stance.
Meanwhile, the resilient US economy, which is experiencing above-target inflation, gives the US central bank more headroom to keep interest rates higher for longer.
• This allows the yield in the benchmark 10-year US government bond to hold above the 4.0% threshold, which lends support to the US Dollar and caps the yellow metal.
Bearish traders, however, seem reluctant and prefer to wait on the sidelines ahead of the latest US consumer inflation figures, due for release on Thursday.
Citing a senior US Defense Department official, CNBC reported late Tuesday that Iran-backed Houthi militants launched the largest attack to date on commercial merchant vessels.
A senior People's Bank of China official said this Wednesday that the central bank may use monetary policy tools to provide strong support for reasonable credit growth.
The official added that the PBoC will strengthen its counter-cyclical and cross-cycle policy adjustments to create favorable conditions for the country's economic growth.
• There isn't any relevant market-moving macro data scheduled for release from the US on Wednesday, leaving the XAU/USD at the mercy of the USD price dynamics.
Dream Doge PredictionBy no means is this financial advice however there is a strange corolation between the Bitcoin cycles and Doge cycles.
Note:
It seems that Doge is one cycle behind the bitcoin cycles. Does this mean Doge will have a double top like Bitcoin did last cycle?
The green line has a prediction of when the final Doge top will be based on previous Doge cycles.
The orange lines highlight the Bitcoin halvings.
Prediction:
I am predicting that Dogecoin will have a double top similar to what Bitcoin experienced last cycle. Assuming the Bitcoin ETF is approved in the next two months, I believe that Bitcoin will lead the crypto markets higher as institutional investors finally have their chance to flood the crypto market. Bitcoin will then top out before or during the Bitcoin halving in April of 2024, pulling all other cryptocurrencies lower. The markets will then stabilize after the Bitcoin halving and go into a suckers rally which will be the second top for Dogecoin. Some time between May and June of 2024 the FED will begin cutting rates which will send all of crypto into their respective bear markets. This will also be the start of the recession that everyone have been calling for.
Doge Price Predictions:
Top #1
$3.98 or $15.00
Top #2
$6.74 or $22.00
(In other words, I have no clue)
Again this is not financial advice, just my personal opinion.
ALTO's Comprehensive Trajectories: AI-powered InsightsS taying informed is a key to making well-considered decisions. Today, I revisit ALTO, shedding light on its current state, potential scenarios, and the nuanced interplay of technical analytics.
A few weeks ago, I outlined why ALTO is considered a risky asset, and in a subsequent update, I signaled a near-term rally in the stock market, impacting ALTO's trajectory. Both perspectives remain relevant today.
A s we assess the broader market, stocks may either sustain the rally briefly or consolidate around current levels. The clarity lies in the immediate market reaction next Monday, November 20. A continuation signals further upside, while a bearish pullback indicates consolidation. Even in the case of a dump, the potential for subsequent continuation exists, but it prompts consideration of safer target prices.
ALTO 's appeal lies in its allure to traders seeking risk and potential profit. In the event of a continued rally, investors may find the courage to engage with this high-risk, high-reward asset. Conversely, if general stocks consolidate, sentiment could shift, prompting a move from ALTO to less risky stocks, casting a bearish shadow on ALTO.
T urning to technical analytics, our Deep Neural Network-based AI, employing Support Vector Machines, predicted a support level of around 1.85. This prediction held true as ALTO bounced from this level on November 20. This level might serve as the target for a potential short position, succeeding the current long position.
T he long position's target stands around 2.73, identified as a resistance level by our AI. In a sustained rally, this resistance could be breached, setting the stage for the next target price along the falling resistance on the purple line. As depicted in the chart, the timing of the rally significantly influences target price estimation. Rapid rallies elevate the probability of higher target prices, while extended consolidation brings them closer, possibly intersecting with the two resistances in August.
N avigating this landscape, it's crucial to recognize ALTO's risk profile. The 2.73 resistance is formidable, and a bearish event could trigger a retreat to the support level. Below the support, free fall becomes a possibility, underscoring the importance of placing a stop loss, at least below this level.
W hile near-term crash signs are not evident, it's essential to acknowledge ALTO's long-term bearish potential. Please note that this analysis serves educational purposes and is not financial advice.
Best regards,
Ely
$SOL to reach $850+ by Q3 2025It's pretty obvious by now that Solana is the Ethereum of this Bull Market. Looking at the previous CRYPTOCAP:ETH all-time high, we can see it did roughly 2.5x from its 2017 ATH.
If we take this same scenario and give NYSE:SOL a 2.5x from its ATH, which I see as a conservative target considering all the institutional money coming in, that marks the price at $850+ between Q2-Q3 2025, which would mark the peak of the 2025 bull market.
SPY (S&P 500 ETF) - Bullish OutlookIn this technical analysis, I see the potential for a bullish trend in the SPY (S&P 500 ETF) based on historical data calculated using the ABC Calculator indicator and in consideration of the trend suggested by the Adapted Volume indicator. My outlook suggests a price target of approximately $450 USD within the next month.
1. Historical Analysis with ABC Calculator:
The ABC Calculator indicator has been a reliable tool for assessing historical price movements in the SPY. After a thorough analysis, it's evident that the SPY has exhibited several bullish patterns in the past, often following periods of consolidation or minor corrections. These historical patterns suggest the potential for a bullish trend to develop.
2. Adapted Volume Indicator:
The Adapted Volume indicator has consistently signaled strength in buying activity, indicating that market participants are showing increased interest in the SPY. This growing volume aligns with bullish market sentiments, as higher volumes often accompany upward price movements.
Price Target: $450 USD within 1 Month:
Taking into account the historical analysis and the current sentiment suggested by the technical indicators, I foresee a target price of around $450 USD for the SPY within the next month. However, it's important to note that the market can be influenced by various external factors, and this projection should be used as a guideline rather than a guarantee.
Risk Factors:
It's crucial to acknowledge that all investments carry inherent risks, and the SPY is no exception. Potential risks include economic events, geopolitical developments, and unforeseen market sentiment changes that could impact the bullish outlook. Traders and investors should employ risk management strategies to protect their positions.
In conclusion, the technical analysis indicates a bullish potential for the SPY, supported by historical patterns and the Adapted Volume indicator. However, it's important to stay informed about market developments and employ proper risk management to make well-informed investment decisions.
Please note that this analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before making investment decisions.
Touched Important Level & Patterns Remain BullishTraders,
Just a quick little update here. I pointed out this bullish triangle in a previous post. I had suspected we had one more small drop to 28,500-28,800 before any sort of breakout OR breakdown. So far, neither of the latter has occurred yet, but we have hit my support marked price level. That's great. Also positive is that we remain above this support and inside a bullish patterns both on the price and RSI chart. We will soon exit in one direction or another, however, probability suggest a move to the upside.
Also positive is that our SPY chart remains in the breakout area. Until this changes, I don't grow concerned but remain bullishly biased.
A few negatives to consider:
* We have not retested that descending trendline from Dec. '21. Though, we don't have to, it is a movement that usually occurs. The question then becomes, "When?" One possibility is a break to the upside of my triangle, a hit of that 31,600 level, and then a drop. If this occurs, an "M" pattern will have formed which would likely lead us down for that retest.
* Another item to always keep in the back of your head is that we do have a gap on the Bitcoin CME Futures chart from the 10th of March 2023 at around 20k. Sooner or later more than 90% of all gaps are filled. If we stay above my neckline at 25,200, I don't expect that GAP to be filled this year. If we drop below it however, all bets are off.
Watch these items closely or better yet, stay tuned into my channel and I'll try to update you as best as possible.
Best,
Stew
What are Cumulus Triangles? 😱 Check out this new development!"Cumulus Triangles" are new Bitcoin chart patterns developed exclusively by The Crypto Weather Channel to help identify the trading range of bitcoin between the start of the first Bull market and the Halving. Have no idea where Bitcoin is going next? We've got you covered, all the way up until the Halving event! Thanks for watching.