GOLD → Correction before further declineFX:XAUUSD is testing the zones of interest within the counter-trend correction after it managed to break a rather strong level earlier. The fundamental background is not very good, there is bearish pressure on the market.
The negative impact on gold is built around the hawkish stance of the Fed (inflation, Trump's future policy and the economic data of the last two weeks). The cycle of interest rate cuts may slow to 2 rate cuts for 2025.
Friday's correction is mainly due to PCE data, but I don't think it will change the global picture.
Towards the end of the year, it is logical to reduce liquidity in the markets, which could increase mispriced volatility in the market. Be careful!
The gold market is still supported by the conflict in the Middle East and Eastern Europe.
Technically, price is forming a flag after a strong decline. At the moment the price is inside the pattern and for trading it is worth paying attention to the boundaries of the local channel.
Resistance levels: 2620, 2631, 2640
Support levels: 2606, 2560
Emphasis on 2620. If the bears break the level and keep the defense below the level, it can generally increase the pressure, which will provoke the price drop.
But I do not rule out an attempt to break the channel resistance and retest 2640-2650 before a further fall.
Regards R. Linda!
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US Nas 100 . 4H4-Hour Timeframe Analysis for NAS 100U
In the 4-hour timeframe, we have observed a confirmed bullish trend. The price has reached a short-term peak and established this level, allowing for a pullback that can facilitate liquidity accumulation. If this pullback holds, we anticipate upward movement toward our identified target.
However, we must remain cautious. If the Order Block Decisional fails, we will revise our selling strategy accordingly. In addition, should the Order Block Extreme be confirmed in the specified area, we may reconsider re-entering a buy position. It is essential to keep trades open until we hit our Fibonacci-based take-profit targets.
Could Palantir become the new Nvidia?Could Palantir become the new Nvidia?
In the year 2023, I was one of the few who predicted Nvidia's great success, and today I will talk about another company that could follow in its footsteps: Palantir.
Artificial intelligence will become increasingly important for businesses as it moves from the experimental stage to strategic adoption. This will help solve specific problems and promote efficiency, innovation, and sustainable growth within companies. Alongside industry giants such as Alphabet, Microsoft, Amazon and Meta, this company could represent a real revolution in the way data is managed and processed in the AI ecosystem, Offering solutions that redefine the standards of enterprise software and advanced analytics.
Although Nvidia is at the top of the AI hardware market, Palantir's future will depend on its ability to make their software and data analytics solutions indispensable, in a market where names like Snowflake and Databricks already stand out.
In the current technology landscape, Palantir Technologies Inc (NASDAQ:PLTR) stands out as one of the most interesting companies. Over the past two years it has implemented major changes in its business model and consolidated its position as a leader in the use of artificial intelligence for data analysis. The launch of the Artificial Intelligence Platform (AIP) has enabled Palantir to integrate advanced language models with complex data from the corporate world, providing an invaluable solution for numerous clients in both the public and private sectors.
Palantir's strength lies in its ability to combine business data with artificial intelligence, turning a chaotic mass of information into clear and concrete operational decisions. It is a real revolution in the way companies manage and use their data.
With global spending estimated at more than $1 trillion over the next three years, artificial intelligence is becoming increasingly important. There are many opportunities for companies to establish themselves as strategic partners in the management and use of data. While Nvidia is a leader in hardware, Palantir could become a key player in software and have significant growth margins by 2025.
Being a leading artificial intelligence company is not only about innovation and technological development, but also about financial success in the market. Wall Street valuation and company fundamentals are equally important to reach the top of the industry.
In 2025, after the stock moves from the New York Stock Exchange (NYSE) to Nasdaq next Dec. 23, Palantir is expected to continue to grow and gain value. In the third quarter of 2024, the company saw 30 percent year-over-year revenue growth and generated adjusted free cash flow of $434.5 million. Its financial results show that Palantir is moving toward more growth, as evidenced by its earnings forecast for the next quarter ($0.11 per share), which is up 37.5 percent from the same period last year. In addition, revenue is continuing to develop positively with a projected 28.3 percent growth for this quarter.
Palantir has made multimillion-dollar deals with various partners, including a five-year contract worth nearly $100 million to improve the U.S. military's artificial intelligence and machine learning capabilities. Unlike other software companies, Palantir's strength lies in its ability to provide proprietary solutions that optimize the use of AI and increase the operational efficiency of its customers. This unique position has led some experts to predict the stock will rise as much as 111 percent by 2025.
Right now, the stock is expensive, but if there is a technical price correction around $50, I will buy the stock with a goal of reaching $100.
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Ethereum ETH Will Outperform Bitcoin In 2025!Hello, Skyrexians!
Recently we analyzed the Ethereum price chart and we expect the huge growth, but there is another one important question, what is going to be more profitable in the upcoming year, sit in Bitcoin or Ethereum? CRYPTOCAP:ETH.D can help us to answer this question. Moreover, if ETH will outperform the market, layer 2 such as BINANCE:OPUSDT , BINANCE:ARBUSDT and BINANCE:STRKUSDT will also show the great performance. We know that most of you are thinking that these projects are dead, but in case of this analysis plays out they can revive from the dead zone!
Let's take a look at the monthly time frame. Since the previous bull run ETH dominance is in large correction. Previous growth we can count as the wave 1 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After this wave we have seen the large wave 2 with the ABC shape. It could be already finished with the green dot in the target area inside Fibonacci 0.61. Now it's time for wave 3 which has the target at 37%.
Best regards,
Skyrexio Team
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EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone.
The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair.
The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO.
Technically, against the background of a strong rallying dollar, the euro has almost no chance.
If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term.
Resistance levels: 1.0448, 1.053
Support levels: 1.033, 1.022
At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline.
Regards R. Linda!
Sell GBP/NZD Triangle PatternThe GBP/NZD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 2.1983
2nd Support – 2.1860
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GALA Going To 0.29$There’s one zone to buy GALA and HOLD it zone ( 0.03$ - 0.28) target 0.29$
What’s GALA Coin ?
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GALA Coin is the native cryptocurrency of Gala Games, a blockchain-based gaming platform. Gala Games aims to revolutionize the gaming industry by giving players more control over the games they play, including the ability to own in-game assets and influence the development of the games themselves.
Here are some key aspects of GALA Coin:
1. Utility in Gala Games Ecosystem:
• GALA is used as the primary currency within the Gala Games ecosystem. Players can use GALA to purchase in-game items, NFTs, and other assets in Gala-powered games.
• It is also used for governance, allowing holders to vote on decisions related to the development of the platform and its games.
2. Decentralized Gaming:
• Gala Games is built on blockchain technology, meaning it allows for true ownership of in-game assets. These assets, such as NFTs (Non-Fungible Tokens), can be bought, sold, or traded on various marketplaces.
• Players can earn GALA coins by participating in games or contributing to the network in other ways, such as running nodes or supporting Gala Games’ decentralized ecosystem.
3. Play-to-Earn:
• Gala Games is part of the emerging “play-to-earn” (P2E) trend, where players can earn rewards (in GALA or NFTs) through their in-game achievements and participation.
4. Gala Node Network:
• Gala Games operates a decentralized node network, where individuals can run nodes to support the infrastructure of the Gala Games platform. Node operators are rewarded with GALA coins for contributing to the network.
5. Games on the Gala Platform:
• Gala Games has several titles within its ecosystem, including “TownStar” (a city-building game), “Mirandus” (a fantasy RPG), and others. These games often integrate GALA coins and NFTs for in-game transactions.
Overall, GALA Coin serves as a key element in Gala Games’ vision to create a decentralized gaming ecosystem, where players are incentivized to participate and contribute, and have real ownership of their in-game assets.
Lingrid | GOLD Weekly Market OUTLOOKOANDA:XAUUSD made a sharp drop mid-week to the support level of 2585 before recovering on Friday. This rebound was largely influenced by Jerome Powell's press conference, which sparked concerns about potential Federal Reserve monetary tightening, while a strengthening TVC:DXY further pressured gold prices.
The market appears to be entering a consolidation phase ahead of upcoming holidays, likely maintaining stability as it seeks direction through the New Year. Trading may remain range-bound between 2600-2650.
On the weekly timeframe, the market closed with a bearish candle following a pin bar formation. The daily timeframe shows an emerging triangle pattern with lower highs and higher lows, indicating decreasing volatility. Given these conditions, I expect sideways movement rather than a trending market next week.
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Bullish Alert: DGB's Path to 300% Gains!DigiByte (DGB) recently saw its price surge dramatically. Now, it's testing a key price level that acts as support. Think of this support level as a safety net; if the price falls below it, the drop could be more significant. Successfully holding above this support would be a positive sign for the cryptocurrency.
If DGB manages to maintain its position at this support level, we believe it could lead to another significant price rise, potentially up to 300% over the medium term. A successful retest would likely encourage more buying activity, pushing the price higher and creating a bullish trend for DGB.
BITCOIN Bearish Breakout! Sell!
Hello,Traders!
BITCOIN has formed a
Bearish flag pattern and
Then made a breakout and
A retest and now we are
Seeing a move down again
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Lingrid | EURUSD Capitalizing on TREND ContinuationFX:EURUSD has pulled back after a strong move down, testing the resistance and downward trendline around 1.04500. Overall, the price action is clearly bearish, making lower lows. However, it recently formed equal lows at a previous support level, which could indicate that the price might struggle to make new lows at this levels. We may see the price create a triangle pattern just above the support before continuing bearish movement. Given that the weekly candle is bearish, it makes sense to expect the price to continue moving lower below the previous month low at 1.03315. My goal is support zone around 1.03450
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2025 - Year of ETHEREUM = 10kWe are nearing Ethereum's historical reversal. I have been waiting for this zone for a long time, and we are already here.
Check this chart
Now, let's turn on the logic. Many financial institutions and banks did not buy that amount of Bitcoin at a low price, and now, looking at the reality, they realize that they will not miss such a chance with the number two cryptocurrency in the world. Calling Ethereum the number one cryptocurrency in the future and making irrefutable arguments about the more excellent technology of a larger ecosystem and others.
Therefore, based on this logic, we can see an unprecedented influx of money into Ethereum and the entire ecosystem will fly upwards, all L2 solutions and all those projects that came out in the last 2 years in the ecosystem of ethereum that have not shown any result and disappointed the cryptocurrency community. When the majority went into super-tech projects, memcoins performed. To a greater extent this ecosystem will be inflated by retail and small funds based on the logic above, large market participants will recruit and already accumulate the primary cryptocurrency of the ecosystem - ETH.
This is why we can see the coveted 10k$ per coin in 2025.
Best regards EXCAVO
GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GOLD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,606.670 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.478 area.
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Cheems Token ($CHEEMS): Set for Breakout Amid Bullish IndicatorCheems Token ($CHEEMS), the dog-themed memecoin built on the Binance Smart Chain, has captured the attention of crypto enthusiasts and traders alike. Boasting a vibrant community across platforms like X and Telegram, and a market cap exceeding $211 million, $CHEEMS is showing strong signs of a potential breakout. Let’s delve into the technical and fundamental aspects driving this momentum.
Technical Analysis
The daily price chart of $CHEEMS reveals a symmetrical triangle pattern, often considered a precursor to significant price movement. This setup indicates a period of consolidation, with the possibility of a breakout in either direction. However, current indicators favor a bullish scenario.
Relative Strength Index (RSI)
With the RSI sitting at 55, $CHEEMS is neither overbought nor oversold, suggesting room for upward movement. This metric lends credence to the bullish thesis, signaling a potential price surge.
Key Moving Averages (MA)
$CHEEMS is trading above critical moving averages, a bullish signal that reinforces the likelihood of upward momentum. Additionally, the chart displays a bullish engulfing pattern, further strengthening the breakout narrative.
Price Targets
Based on the technical setup, $CHEEMS could experience a 50-100% price increase, targeting its one-month high or even achieving new all-time highs.
Project Overview
Cheems Token pays homage to the "lord of memes," a Shiba Inu beloved by the crypto community. The project aims to unite those who have faced challenges in the volatile crypto market, offering a sense of community and hope.
Unique Features
$CHEEMS stands out by:
- No Control Permissions: The project has relinquished control of the contract.
- No Tax Income or Team Reserves: $CHEEMS is 100% market-driven, with no hidden agendas.
- Community Focus: The token’s ethos is rooted in meme culture and collective growth.
Use Cases
The token serves various purposes, including:
- Swapping: Seamless token exchanges.
- Investing: Opportunities within its ecosystem.
- Ecosystem Projects: Supporting decentralized applications and innovations on the Binance Smart Chain.
Market Performance
$CHEEMS has a daily trading volume of $7.76 million, though this marks a 78.10% decrease from the previous day. This dip could signify a temporary lull before the anticipated breakout.
Historical Performance
- All-Time High: $0.000005139 on November 25, 2024, placing the current price 26.18% below its peak.
- All-Time Low: $0.00000003343 on September 4, 2023, with a staggering 17,825.78% increase since then.
Market Metrics
- Circulating Supply: 200 trillion tokens.
- Fully Diluted Valuation (FDV): $211.37 million, assuming the maximum supply of 220 trillion tokens.
Future Outlook
Cheems Token remains committed to its roots in meme culture while expanding its presence on the Binance Smart Chain. The project’s roadmap emphasizes continued building and innovation, ensuring long-term viability.
Where to Trade $CHEEMS
$CHEEMS tokens are available on decentralized exchanges like PancakeSwap V3 and centralized platforms such as Gate.io. The most active trading pair is LISUSD/CHEEMS on THENA FUSION, with a 24-hour trading volume of $10,694.54.
Conclusion
Cheems Token combines strong technical indicators with a unique, community-driven ethos, positioning itself for significant growth. As the crypto market braces for a potential breakout, $CHEEMS’s vibrant community and robust fundamentals make it a compelling contender in the memecoin space. Whether you’re a seasoned trader or a newcomer, $CHEEMS offers a unique blend of humor, resilience, and opportunity.
USD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.888 level area with our long trade on USD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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Lingrid | BITCOIN End-of-Year Market CORRECTION PhaseThe price perfectly fulfilled my last idea. It hit the target level. BINANCE:BTCUSDT has dropped below the key level of 100,000, and the market is now moving sideways below this point. We might see some shakeouts in the market. It's possible that the sideways trend could continue until the middle of January next year. Currently, the price is slowly approaching the support level at 90,000, where it has bounced back several times before. I think the market may dip below this level to take liquidity before rising to higher levels. I expect a rebound from the support zone between 85,000 and 88,000. My goal is resistance zoen around 105,900
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD SELLGreetings traders this is my idea on Gold
It has made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price for over a month. I think the market may gradually move down toward last month's low by the end of the year. With high-impact news coming today, there is potential for unexpected moves.
From the last chart that had a solid growt downtrend of last times chart we can see that the price is managing itself for a future Downtrend Movement.
Traders make your own analysis before trading.
I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for GOLD
I still did my best and this is the most likely count for me at the moment.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y).
This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave.
It will most likely be followed by its renewal, but we will talk about it when the target is reached.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to Support area 1.02539.Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02539.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!