TRADING STRATEGY FOR DECEMBER 18 XAUUSDGold prices fell on December 17 due to:
Stronger USD (+0.1%), making gold more expensive for holders of other currencies.
Higher 10-year bond yields, increasing the opportunity cost of holding gold.
Key Takeaways from the Fed:
A 0.25% rate cut is expected on December 18, but the likelihood of further cuts in January 2025 remains low (only 18%).
US Economic Impact:
November retail sales exceeded expectations, fueling inflation concerns. This suggests the Fed may pause further rate cuts in January 2025.
Gold is strongly supported by important economic data this week. From a technical perspective, after recent sharp declines, gold has shown signs of reversal from the 2633.xx resistance area, rebounding toward 2650.xx.
Today's Main Trend: Focus on long-term buy opportunities at strong sell points. Use sell scalping strategies and observe reactions to trade more effectively.
INTRADAY TRADING STRATEGY
SELL SCALP:
Entry: 2661 - 2663
Stop Loss (SL): 2666
Take Profit (TP): 2655
BUY SCALP:
Entry: 2634 - 2632
SL: 2629
TP: 2640
BUY ZONE:
Entry: 2618 - 2620
SL: 2615
TP: ???
SELL ZONE:
Entry: 2672 - 2674
SL : 2677
TP: 2664
Fundamental Analysis
PEPE UNCHAINED RUMOR1️⃣ Listing on Major Exchanges:
GETTEX:PEPU is rumored to be in talks with Binance and Coinbase, two of the biggest centralized exchanges (CEXs) in the world. Such a listing could skyrocket the token's visibility and liquidity, leading to increased adoption.
2️⃣ Price Explosion:
Crypto analysts predict that GETTEX:PEPU could achieve up to 90x growth in the coming months, especially if the rumored exchange listings materialize. Some forecasts suggest GETTEX:PEPU could reach $0.01, driven by its strong market cap and trading volume.
3️⃣ Layer-2 Blockchain Development:
There's speculation that GETTEX:PEPU might introduce a Layer-2 blockchain to enhance scalability and lower transaction costs. This move could position GETTEX:PEPU as more than just a meme coin, adding real utility to its ecosystem.
4️⃣ Meme Coin Comparisons:
Many compare GETTEX:PEPU to other meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). However, GETTEX:PEPU is carving out its niche with unique features, such as its rumored 'Pump Pad' meme coin launcher, designed to attract developers and expand its ecosystem.
5️⃣ Community Power:
The GETTEX:PEPU community has exceeded 100,000 members on platforms like Telegram and X (formerly Twitter). This growing base of supporters is fueling discussions about future partnerships and use cases.
ETHUSD: Breakout to 6K or Drop to 2K? Key Levels to Watch!ETHUSD
Alright Mindbloome Fam, here’s the deal with Ethereum—keeping it super simple:
If we break 4100, I think we’re heading to 5K–6K. That’s where things could really get exciting.
But if we dip to 3K, we might see a pullback all the way to 2100. And if it goes lower? We’ll figure it out when we get there.
No need to overcomplicate it—just watch these levels and be ready. If you want to talk more about this or need some tips, check out my profile or DM me. Happy to help!
So, what’s your gut saying—do we pump or dump from here? Let me know!
Kris/ Mindbloome Exchange
Trade What You See
DAILY ANALYSIS - XAUUSD (WED, 18th DECEMBER 2024)Bias: Bullish
USD News:
-FOMC Statement
Analysis:
-Strong rejection on previous daily
-High probability on rate cut
-Looking for BUY if there's confirmation on lower timeframe
-Pivot point: 2630
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy
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.
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.
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.
BTC to $350k by May 2025 Based on a measured move from a cup and handle on the logarithmic. Price is right on pace.
I think this will possibly be a local top in lieu of a super cycle further backed by the muted 2020 cycle. Pushing BTC to 1 Million in 2026.
I will build this out further into the future as long as this model continues to hold as beautiful as it has to date.
AUDJPY Fall? And potential Stock Market correction?Potential short idea on AUDJPY
Reasons for (potential) entry:
- COT traders are buying JPY and selling AUD fairly aggressively
- AUD cutting interest rates, JPY hiking interest rates
- AUD could be under pressure due to reliance on China, who are facing economic uncertainty
In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it.
Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
Does the market get what it wants from the Fed?The main focus on Wednesday will be the Federal Reserve's action taken regarding the fed funds rate. If the Federal Reserve lowers the fed funds rate by 25 bps, the expectation will be an upmarket and a positive close. If the Federal Reserve defers lowering the fed funds rate, the expectation would be a down market and a negative close.
The long awaited XRP pullbackHello, traders!
I’ve got some great news. From now on, I’ll be reviewing coins that my readers are most interested in — specifically, the most popular and trending ones in this cycle. And the first one on the list is XRP.
Considering BTC's ambitious targets for 2025 and the potential for significant regulatory shifts, XRP is just beginning its journey...
The price has found support at the $1.9 level, forming a zigzag correction. The retracement targets have been met, and XRP could continue reaching new all-time highs. However, due to the overall market weakness, the risk of a double zigzag remains. Given this, it’s reasonable to start building a position with the possibility of averaging down in case the price revisits local lows.
Recent News --> Following the bull run triggered by news of SEC Chairman Gary Gensler's potential resignation, we’ve received fresh updates about the New York regulator approving Ripple's stablecoin, RLUSD. Ripple CEO Brad Garlinghouse confirmed the development today, adding that the company will soon announce exchange listings and partnerships for the asset.
If you enjoy this new format, please support the idea and leave a comment.
ETH, What's Happening?KRAKEN:ETHUSD ETH has seen some action in the last day along with the surge by market favorite COINBASE:BTCUSD
Ether has not experienced the dramatic action that we observe in some other markets during this middle December to New Years timeframe. But that has not stopped ETH from hitting some new highs. Also favorable in the signals department, we have World Liberty Financial buying up loads of ETH for unknown objectives.
Taking a look at the next 24 period, high probability of continuation of sideways consolidation in a boxed price range with occasional highs. Wednesday some important announcements of general market status could impact trading volume. Keep watch on the charts for signs of a reversal towards another breakout growth period which may include new ATHs.
Remember Habibi, the desert tests your will, not your strength.
UNITEDHEALTH GROUP | THE BEAR'S CLAIM: $UNH PAYS THE PRICE Dec17UNITEDHEALTH GROUP | THE BEAR'S CLAIM: NYSE:UNH PAYS THE PRICE Dec17
UnitedHealth Group, NYSE:UNH , UNH
NYSE:UNH Trends:
NYSE:UNH Weekly Trend: Bearish
NYSE:UNH Daily Trend: Bearish
NYSE:UNH 4H Trend: Bearish
NYSE:UNH 1H Trend: Bearish
NYSE:UNH Price Target Areas:
NYSE:UNH BUY/LONG ZONE (GREEN): $488.75 - $514.75
NYSE:UNH DO NOT TRADE/DNT ZONE (WHITE): $480.00 - $488.75
NYSE:UNH SELL/SHORT ZONE (RED): $455.00 - $480.00
All indicators are pointing to bearish for $UNH. Looking at the monthly timeframe we can see there is a range that was respected between the levels of 480 up to 555. After price finally broke the level of 555 a new range began. 560 up to 615/620 area. Given the recent news and events; the stock has since seen a deep bearish trend. Momentum has taken price all the way back down to the previous range low of 480. Price currently rests on 480. Bears should seek continuation and target levels of 455/460, or even down to 415. Bulls should look for a reversal marked by breaks over 488.75 on the lower timeframes, or the 549 area for a higher frame reversal.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Oil Market Analysis - 17/12/2024The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are:
Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production.
Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex.
Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies.
API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels.
EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now.
Oil Technical Analysis
Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025.
Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week.
A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches.
Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
BTC CYCLE EXPLAINED🔄 THE BITCOIN-ALTCOIN CYCLE EXPLAINED 🔄
In the crypto market, a well-known pattern plays out:
When Bitcoin rises 📈, altcoins like Ethereum, Cardano, and Solana tend to struggle 📉.
When Bitcoin consolidates or corrects 📉, altcoins often rally 🚀.
Why does this happen?
1. 💪 Bitcoin Dominance: Bitcoin (BTC) leads the market, setting the tone for all crypto movements.
2. 🛡️ Risk-Off Sentiment: During Bitcoin’s bullish runs, traders shift funds into BTC as a safer option.
3. 🔄 Altcoin Rotation: When BTC slows, investors look to altcoins for higher returns, driving their prices up.
🚨 The Big Question: Are we on the verge of another altcoin season? 🤔
📊 Keep watching Bitcoin’s movement—it might be signaling the next big altcoin breakout.
🔥 Stay tuned, the cycle could be heating up! 🚀
But A.I. Is The Future!? "But A.I. Is The Future!?" He said while I ignored the excitement happily setting up my short yesterday at $28... In truth I am The CoinSlayer and I haven't shorted much lately well here was one. It was really fun.
Also something cant give me money forever perhaps we climb back up call it a trews???
"One coin to rule them all until there is wait two or three... Oh wait there's another one!!!"
YOLO Moonboyz 🌛 If you feel so inclined to do so.
🚽👄Toilet Mouth: " Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT"
⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits.
⭐Let each person determine their cost to acquire and choice to play or not.
No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO"
Things 🤷♂️ #Fixed IDK!
🙏FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!""
I am The CoinSLayer 👨💻😈
You have been warned by The Coin SLayer!
P.S. Now witha bag!
P.S.S. well two or Ten
$UBER LongTrade Description: Uber Technologies Inc. (UBER)
Fundamental Analysis:
Uber Technologies Inc. (UBER) has recently reported strong financial performance, indicating significant growth and profitability. In Q3 2024, Uber achieved an adjusted EBITDA of $1.6 billion, marking a 71% year-over-year increase, and generated free cash flow of $1.7 billion.
Despite these robust financials, Uber's stock has experienced a pullback, with a 9.3% decline adding to one-year losses. This downturn is partly due to concerns over competition in the autonomous vehicle sector, particularly with companies like Waymo expanding their presence.
Comparatively, traditional safe-haven assets like gold and U.S. Treasury bonds have shown limited growth potential. The SPDR Gold Shares ETF (GLD) is currently priced at $244.00, with minimal change, and the iShares 20+ Year Treasury Bond ETF (TLT) stands at $90.65, also showing slight movement.
Chart Analysis:
Uber's stock is currently trading at $61.03, reflecting a modest increase of 1.3% from the previous close. The stock has shown resilience, with an intraday high of $61.05 and a low of $59.61. Despite recent volatility, the stock's performance indicates potential for recovery, especially considering the company's strong financial fundamentals.
Conclusion:
Uber's impressive financial performance, coupled with its current stock valuation, suggests that it may be undervalued compared to traditional safe-haven assets like gold and U.S. Treasury bonds. Investors seeking growth opportunities may find Uber's stock appealing, given its potential for appreciation and the company's ongoing profitability.
AMD Buy Analysis Target 1: $147
Target 2: $161
Stop Loss: Based on your risk tolerance.
Why AMD?
AMD’s financials this year are impressive:
Revenue up +17.57%
Net income up +157.86%
Earnings per share up +31.43%
Despite strong results, the stock is down 8% YTD, creating a potential buying opportunity.
In August, the price surged from $121 to $161 in just 15 days, hitting the second target in no time. I expect a similar move again!
$KO LONGThe Coca-Cola Company (KO) recently reported strong financial results, with revenue increasing by 3% in the latest quarter to $12.4 billion, exceeding analyst expectations. The company also raised its full-year sales guidance, now forecasting organic sales growth between 9% and 10%, an improvement over its earlier outlook of 8% to 9%. This growth reflects Coca-Cola’s ability to maintain pricing power and volume stability despite global inflationary pressures.
Coca-Cola continues to expand its global footprint with recent investments, such as a $90 million expansion of production facilities in Brazil’s Amazonas region, further solidifying its market presence. In addition, the company recently announced a strategic partnership in India, with the Jubilant Bhartia Group acquiring a 40% stake in Coca-Cola’s Indian bottling operations.
Despite these positive developments, Coca-Cola’s stock has faced modest pressure, declining by 1.13% in the past week amid broader market volatility. Compared to traditional safe-haven assets like gold and U.S. Treasury bonds, which have shown limited growth potential, Coca-Cola’s stock offers a combination of stability and long-term growth supported by its improving fundamentals.
PYTHUSDT - Rounding bottom patternBINANCE:PYTHUSDT stands out as a strong investment opportunity, often considered an improved version of $LINK.
While sharing similarities with LINK, it surpasses it in certain key areas. Being a new project with low market saturation, it offers significant potential for growth ✅️
The med-term targets are outlined in the chart.
Accumulation is recommended now up to 0.236 fibo level .
Best regards Ceciliones🎯