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What next on xrp market after 7.17% decrease on its market value?
The recent 7.17% decrease in XRP's market value has sparked concerns, but some analysts remain bullish. Crypto trader Ali Martinez predicts a mega rally to $48.12, citing the formation of three consecutive bull pennants.¹ Martinez sees the current dip as an opportunity to buy, with a target price of $4.40.
*Key Factors Influencing XRP's Price*
- *Regulatory Environment*: The potential resignation of SEC Chair Gary Gensler and rising excitement for an XRP ETF contribute to the optimism.
- *Market Sentiment*: The token's price surge is driven by growing optimism, with some analysts predicting further growth.
- *Technical Indicators*: XRP remains in overbought territory, with the RSI hovering above 70, suggesting further corrections could occur.²
*Potential Price Movements*
- *Upside*: A break above the $1.30-$1.35 range could open the door to further growth, potentially pushing XRP toward $1.50 or higher.
- *Downside*: A failure to hold the $0.95-$1.00 range might lead to a deeper correction, with $0.75 emerging as the next key support area.
Keep in mind that cryptocurrency markets are highly volatile, and predictions are uncertain. For the most up-to-date information, consider checking reliable crypto news platforms.
#This is not a financial advise always make your own DYOR
The recent 7.17% decrease in XRP's market value has sparked concerns, but some analysts remain bullish. Crypto trader Ali Martinez predicts a mega rally to $48.12, citing the formation of three consecutive bull pennants.¹ Martinez sees the current dip as an opportunity to buy, with a target price of $4.40.
*Key Factors Influencing XRP's Price*
- *Regulatory Environment*: The potential resignation of SEC Chair Gary Gensler and rising excitement for an XRP ETF contribute to the optimism.
- *Market Sentiment*: The token's price surge is driven by growing optimism, with some analysts predicting further growth.
- *Technical Indicators*: XRP remains in overbought territory, with the RSI hovering above 70, suggesting further corrections could occur.²
*Potential Price Movements*
- *Upside*: A break above the $1.30-$1.35 range could open the door to further growth, potentially pushing XRP toward $1.50 or higher.
- *Downside*: A failure to hold the $0.95-$1.00 range might lead to a deeper correction, with $0.75 emerging as the next key support area.
Keep in mind that cryptocurrency markets are highly volatile, and predictions are uncertain. For the most up-to-date information, consider checking reliable crypto news platforms.
#This is not a financial advise always make your own DYOR
When RSI is below 30 then its high time to buy but if RSI is above 70 then its high time to sell
"How to use Bollinger Bands to detect quick opportunities in trading".
Bollinger Bands are a simple yet powerful tool for traders. With them, you can identify key entry and exit points in volatile markets. Here’s how to use them practically.
1. What are Bollinger Bands?
They are three lines on your chart:
Upper band: Shows overbought levels.
Middle band: Is the central trend (moving average).
Lower band: Indicates oversold levels.
When the bands narrow, volatility is low. When they widen, volatility increases.
2. My recommended setup on Binance:
Periods: 7
Band width: 2.0
Colors:
Upper: Yellow
Middle: Red
Lower: Purple
It's ideal for quick movements in cryptocurrencies.
3. How to interpret the signals:
Buy: When the price touches the lower band and starts to rise.
Sell: When the price touches the upper band and starts to fall.
Breakout alert: If the bands are narrow, prepare for a strong move. Watch where it breaks.
4. Additional advice:
Combine Bollinger Bands with the RSI or another indicator to confirm your decisions. And remember: manage your risk, never bet more than 2% of your capital.
Bollinger Bands are a simple yet powerful tool for traders. With them, you can identify key entry and exit points in volatile markets. Here’s how to use them practically.
1. What are Bollinger Bands?
They are three lines on your chart:
Upper band: Shows overbought levels.
Middle band: Is the central trend (moving average).
Lower band: Indicates oversold levels.
When the bands narrow, volatility is low. When they widen, volatility increases.
2. My recommended setup on Binance:
Periods: 7
Band width: 2.0
Colors:
Upper: Yellow
Middle: Red
Lower: Purple
It's ideal for quick movements in cryptocurrencies.
3. How to interpret the signals:
Buy: When the price touches the lower band and starts to rise.
Sell: When the price touches the upper band and starts to fall.
Breakout alert: If the bands are narrow, prepare for a strong move. Watch where it breaks.
4. Additional advice:
Combine Bollinger Bands with the RSI or another indicator to confirm your decisions. And remember: manage your risk, never bet more than 2% of your capital.
thank you
"How to use Bollinger Bands to detect quick opportunities in trading".
Bollinger Bands are a simple yet powerful tool for traders. With them, you can identify key entry and exit points in volatile markets. Here’s how to use them practically.
1. What are Bollinger Bands?
They are three lines on your chart:
Upper band: Shows overbought levels.
Middle band: Is the central trend (moving average).
Lower band: Indicates oversold levels.
When the bands narrow, volatility is low. When they widen, volatility increases.
2. My recommended setup on Binance:
Periods: 7
Band width: 2.0
Colors:
Upper: Yellow
Middle: Red
Lower: Purple
It's ideal for quick movements in cryptocurrencies.
3. How to interpret the signals:
Buy: When the price touches the lower band and starts to rise.
Sell: When the price touches the upper band and starts to fall.
Breakout alert: If the bands are narrow, prepare for a strong move. Watch where it breaks.
4. Additional advice:
Combine Bollinger Bands with the RSI or another indicator to confirm your decisions. And remember: manage your risk, never bet more than 2% of your capital.
Bollinger Bands are a simple yet powerful tool for traders. With them, you can identify key entry and exit points in volatile markets. Here’s how to use them practically.
1. What are Bollinger Bands?
They are three lines on your chart:
Upper band: Shows overbought levels.
Middle band: Is the central trend (moving average).
Lower band: Indicates oversold levels.
When the bands narrow, volatility is low. When they widen, volatility increases.
2. My recommended setup on Binance:
Periods: 7
Band width: 2.0
Colors:
Upper: Yellow
Middle: Red
Lower: Purple
It's ideal for quick movements in cryptocurrencies.
3. How to interpret the signals:
Buy: When the price touches the lower band and starts to rise.
Sell: When the price touches the upper band and starts to fall.
Breakout alert: If the bands are narrow, prepare for a strong move. Watch where it breaks.
4. Additional advice:
Combine Bollinger Bands with the RSI or another indicator to confirm your decisions. And remember: manage your risk, never bet more than 2% of your capital.
XRP OUTLOOK TODAY
XRP's current market outlook is bullish, with its price surging 11% recently, driven by Bitcoin's positive start to 2025.¹ As of today, January 7, 2025, XRP's price is $2.37 USD, with a predicted decrease of 7.17% to $2.20 by the end of the day.²
*Key Market Indicators:*
- _Moving Averages:_ The 50-day and 200-day moving averages are rising, suggesting strong short-term and long-term trends.
- _Fear & Greed Index:_ The score is 72, indicating greed, with 23% bearish and 77% bullish sentiment.
- _Price Volatility:_ XRP has experienced 5.69% price volatility over the last 30 days.
*Predicted Price Movement:*
Analysts predict XRP's value will fluctuate over the next 30 days, with potential increases and decreases. Some experts foresee XRP reaching $15 amid increasing open interest.
Keep in mind that cryptocurrency markets are highly volatile, and predictions are uncertain. For the most up-to-date information. This is not a financial advice, always make your own DYOR
#Binance square#
XRP's current market outlook is bullish, with its price surging 11% recently, driven by Bitcoin's positive start to 2025.¹ As of today, January 7, 2025, XRP's price is $2.37 USD, with a predicted decrease of 7.17% to $2.20 by the end of the day.²
*Key Market Indicators:*
- _Moving Averages:_ The 50-day and 200-day moving averages are rising, suggesting strong short-term and long-term trends.
- _Fear & Greed Index:_ The score is 72, indicating greed, with 23% bearish and 77% bullish sentiment.
- _Price Volatility:_ XRP has experienced 5.69% price volatility over the last 30 days.
*Predicted Price Movement:*
Analysts predict XRP's value will fluctuate over the next 30 days, with potential increases and decreases. Some experts foresee XRP reaching $15 amid increasing open interest.
Keep in mind that cryptocurrency markets are highly volatile, and predictions are uncertain. For the most up-to-date information. This is not a financial advice, always make your own DYOR
#Binance square#
Wait for a big bull run
Quoted content has been removed
That'$ great
A short list of some major institutions that have adoped $XRP
I went through and put a list together of some major financial institutions that are already using XRP in some form or antoher. It's actually a really long list and I was quite surprised.
Here are the ones I thought stand out:
SBI RemitType: Japanese remittance companyXRP Use: Using RippleNet for real-time payments between Japan and ThailandSantanderType: Major Spanish bankXRP Use: Offering Ripple-powered international payment service "One Pay FX"MoneyGramType: Global money transfer companyXRP Use: Used Ripple's On-Demand Liquidity (ODL) service for cross-border paymentsBanco RendimentoType: Brazilian bankXRP Use: Utilizing Ripple's technology for international paymentsAzimoType: European digital money transfer serviceXRP Use: Leveraging Ripple's ODL for payments to the PhilippinesNiumType: Singapore-based fintechXRP Use: Using RippleNet for faster and cheaper paymentsFlashFXType: Australian foreign exchange companyXRP Use: Using Ripple's technology for international transfersMercury FXType: Global currency exchange providerXRP Use: Using XRP for cross-border paymentsTransferGoType: UK-based remittance companyXRP Use: Using Ripple's technology for faster transfersAmerican ExpressType: Global financial services corporationXRP Use: Using blockchain technology for instant payments, with Ripple and XRP as primary providerUBS Group AGType: Swiss multinational investment bankXRP Use: Joined RippleNet in 2018 after initial testing in 2017J.P. Morgan ChaseType: American multinational investment bankXRP Use: Accepting XRP for credit card and mortgage payments (as of August 2024)First Abu Dhabi BankType: Largest bank in the United Arab EmiratesXRP Use: Reported to be working with RippleGoldman SachsType: American multinational investment bankXRP Use: Adopted Ripple's blockchain and XRP to improve cross-border wire transfersDeutsche BankType: German multinational investment bankXRP Use: Adopted Ripple's blockchain and XRP for enhancing cross-border transactionsWestern UnionType: Global money transfer companyXRP Use: Integrating Ripple's blockchain technology and XRP to enhance cross-border payment servicesPayPalType: Online payment systemXRP Use: Exploring blockchain partnerships, potentially including XRP integrationEarthportType: Financial services companyXRP Use: Using Ripple's technology to enhance cross-border payment servicesBRD WalletType: Cryptocurrency walletXRP Use: Integrating XRP to allow users to hold, buy, sell, and send the cryptocurrencyBitPayType: Bitcoin payment service providerXRP Use: Expanded services to support XRP payments
Here are the ones I thought stand out:
SBI RemitType: Japanese remittance companyXRP Use: Using RippleNet for real-time payments between Japan and ThailandSantanderType: Major Spanish bankXRP Use: Offering Ripple-powered international payment service "One Pay FX"MoneyGramType: Global money transfer companyXRP Use: Used Ripple's On-Demand Liquidity (ODL) service for cross-border paymentsBanco RendimentoType: Brazilian bankXRP Use: Utilizing Ripple's technology for international paymentsAzimoType: European digital money transfer serviceXRP Use: Leveraging Ripple's ODL for payments to the PhilippinesNiumType: Singapore-based fintechXRP Use: Using RippleNet for faster and cheaper paymentsFlashFXType: Australian foreign exchange companyXRP Use: Using Ripple's technology for international transfersMercury FXType: Global currency exchange providerXRP Use: Using XRP for cross-border paymentsTransferGoType: UK-based remittance companyXRP Use: Using Ripple's technology for faster transfersAmerican ExpressType: Global financial services corporationXRP Use: Using blockchain technology for instant payments, with Ripple and XRP as primary providerUBS Group AGType: Swiss multinational investment bankXRP Use: Joined RippleNet in 2018 after initial testing in 2017J.P. Morgan ChaseType: American multinational investment bankXRP Use: Accepting XRP for credit card and mortgage payments (as of August 2024)First Abu Dhabi BankType: Largest bank in the United Arab EmiratesXRP Use: Reported to be working with RippleGoldman SachsType: American multinational investment bankXRP Use: Adopted Ripple's blockchain and XRP to improve cross-border wire transfersDeutsche BankType: German multinational investment bankXRP Use: Adopted Ripple's blockchain and XRP for enhancing cross-border transactionsWestern UnionType: Global money transfer companyXRP Use: Integrating Ripple's blockchain technology and XRP to enhance cross-border payment servicesPayPalType: Online payment systemXRP Use: Exploring blockchain partnerships, potentially including XRP integrationEarthportType: Financial services companyXRP Use: Using Ripple's technology to enhance cross-border payment servicesBRD WalletType: Cryptocurrency walletXRP Use: Integrating XRP to allow users to hold, buy, sell, and send the cryptocurrencyBitPayType: Bitcoin payment service providerXRP Use: Expanded services to support XRP payments
The Inauguration With the Impact on Crypto Market$XRP
President Trump's upcoming inauguration on January 20 is expected to positively impact XRP's performance. His administration's pro-crypto stance, particularly the nomination of Paul Atkins as SEC chairman, may lead to regulatory relief for XRP.¹ Atkins is viewed as favorable to the crypto industry and may drop the SEC's lawsuit against Ripple, potentially increasing XRP's value.
*Key Factors Influencing XRP's Performance*
- *Regulatory Environment*: Trump's administration is expected to promote growth and make the US the "crypto capital of the world".²
- *SEC Lawsuit*: Resolving the lawsuit could remove regulatory uncertainty and boost XRP's price.³
- *Market Sentiment*: Trump's pro-crypto views may increase investor confidence and drive up demand for XRP.
*Potential Outcomes*
- XRP's price may surge due to reduced regulatory scrutiny and increased adoption.
- A potential XRP ETF (exchange-traded fund) could become a reality, further driving up demand.
- However, some experts caution that XRP's potential is overhyped and its current valuation may not justify further growth.
President Trump's upcoming inauguration on January 20 is expected to positively impact XRP's performance. His administration's pro-crypto stance, particularly the nomination of Paul Atkins as SEC chairman, may lead to regulatory relief for XRP.¹ Atkins is viewed as favorable to the crypto industry and may drop the SEC's lawsuit against Ripple, potentially increasing XRP's value.
*Key Factors Influencing XRP's Performance*
- *Regulatory Environment*: Trump's administration is expected to promote growth and make the US the "crypto capital of the world".²
- *SEC Lawsuit*: Resolving the lawsuit could remove regulatory uncertainty and boost XRP's price.³
- *Market Sentiment*: Trump's pro-crypto views may increase investor confidence and drive up demand for XRP.
*Potential Outcomes*
- XRP's price may surge due to reduced regulatory scrutiny and increased adoption.
- A potential XRP ETF (exchange-traded fund) could become a reality, further driving up demand.
- However, some experts caution that XRP's potential is overhyped and its current valuation may not justify further growth.
That is a big scam. please stop from paying 1 ton or 40trx legit airdrop does not ask any payment
please 🙏🥺🙏 is there anyone have withdraw from Tronkeeper wallet mining , because don't want to lose again , I have already spent -2 TON and -100 TRX .⚠️
and still request for another 1 TON for verification because of $237
bought 100 trx at price of $0.25=$25
2 Ton at price of $13.5
$25+13.5=38.5 + 1 TON for verification.
now at $5.7 all is $44.2 -$237 =$192.8😭😭
PLEASE advise me should pay for the verification because don't know if real or SCAM⁉️
I seen in the public channel that some people has confirmed the USDT in there Tronkeeper wallet 👀
and still request for another 1 TON for verification because of $237
bought 100 trx at price of $0.25=$25
2 Ton at price of $13.5
$25+13.5=38.5 + 1 TON for verification.
now at $5.7 all is $44.2 -$237 =$192.8😭😭
PLEASE advise me should pay for the verification because don't know if real or SCAM⁉️
I seen in the public channel that some people has confirmed the USDT in there Tronkeeper wallet 👀
I am just waiting for a further drop before I will get in
Watch for break to 170-160🚨🚨🚨
$XRP
Still overbought and we broke our monthly support on the run up. I believe there is still room down before another rally.
🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
Still overbought and we broke our monthly support on the run up. I believe there is still room down before another rally.
🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
Mr Collaborate I salute you with your concern with our fellow traders, giving us warning is a great deeds. And so fellow traders, be cautious, be wise
Everyone, listen! Don’t fall into these traps. The market now is rallying but don’t let yourself at ease make sure to take your profit, in no time the market will decline due to profit-taking by large investors. By next week the market will go down again, so it’s better to take profit now or it will be too late to sell.
You can buy again once it will go dip. Remember, the market is being manipulated by whales. It’s either you win some or lose some. It’s better to earn small than lose big. My advised to beginners is that never chase greens 📈 the market might fall right away due to profit taking, It might be hard to recover. It will go down so I suggest to be patient. Don’t be afraid of missing out, The market will not grow 1000% without corrections or unless it is a rug pull. So wait for the corrections to happen. Do some research then buy. And please do not rely on some hype coins due to social media it will lead you to a disaster, invest in stable coins. If you have large capital go buy etherium, bnb, they will grow every year . 1k$ capital is not profitable buying bitcoin. So if you have lower, go buy XRP, usual, sol.
This is for long term investment.
Coins are rising because bitcoin is recovering, if bitcoin falls, everyone follows. For short term, follow me I can teach you strategies. #followers
You can buy again once it will go dip. Remember, the market is being manipulated by whales. It’s either you win some or lose some. It’s better to earn small than lose big. My advised to beginners is that never chase greens 📈 the market might fall right away due to profit taking, It might be hard to recover. It will go down so I suggest to be patient. Don’t be afraid of missing out, The market will not grow 1000% without corrections or unless it is a rug pull. So wait for the corrections to happen. Do some research then buy. And please do not rely on some hype coins due to social media it will lead you to a disaster, invest in stable coins. If you have large capital go buy etherium, bnb, they will grow every year . 1k$ capital is not profitable buying bitcoin. So if you have lower, go buy XRP, usual, sol.
This is for long term investment.
Coins are rising because bitcoin is recovering, if bitcoin falls, everyone follows. For short term, follow me I can teach you strategies. #followers
$BONK
Two days ago I bought $BONK and added to my portfolio at very deep price. Now, it is in his rocket momentum. # buy dip sell high💪😊
Two days ago I bought $BONK and added to my portfolio at very deep price. Now, it is in his rocket momentum. # buy dip sell high💪😊
I agree with that, three weeks accumulations was done and another market cycle begins after this a period of accumulation again going down again
$XRP
Holders, It's a Chance to Sell Your XRP before the Dump Started. Because XRP entered in No Trade Zone Third Time and given a Third Top for bearish Trend! This Time Be Wise, The Flood of $16 Billion crypto release by FTX is coming in Fist Two weeks of Jan! And these prices Are Big Feast for Creditors. Once they Sold the prices will go down and then they buy again to make their money doubled. You Can buy the Dip. If you have Longs then it is right time to Sell. Be prepared for volitality that is ahead. Current Chart Patterns are in favor of Bearish trend. 3.5, 3.7 Are ideal positions for Sell. One thing More Bears might set-up a trap to hunt big profits.
Holders, It's a Chance to Sell Your XRP before the Dump Started. Because XRP entered in No Trade Zone Third Time and given a Third Top for bearish Trend! This Time Be Wise, The Flood of $16 Billion crypto release by FTX is coming in Fist Two weeks of Jan! And these prices Are Big Feast for Creditors. Once they Sold the prices will go down and then they buy again to make their money doubled. You Can buy the Dip. If you have Longs then it is right time to Sell. Be prepared for volitality that is ahead. Current Chart Patterns are in favor of Bearish trend. 3.5, 3.7 Are ideal positions for Sell. One thing More Bears might set-up a trap to hunt big profits.
The market is going crazy now!!! huurrryyy uuuppp! !!
congratulations sir bullishbanter
BullishBanter
--
Bullish
🚨 250K FOLLOWERS – THANK YOU, LEGENDS 🚨 THIS is PoweR of #BanterArmy
We did it.. Big thanks to @Binance Square Official , CEO @Richard Teng , and @CZ for creating this platform where we thrive together.
Also Thanks to Rex , @Karin Veri , Jerri, @Viane , @Umair Nauman , @Amanda 🔶 @Diana 🔶 and All others Official's who help me on Time whenever I call them...
Proud to be the #No1CreatorofTheYear2024 and the second biggest creator on Binance Square.
With your incredible support, we’ve smashed through 250,000 followers on Binance Square.
A huge shoutout to my amazing community and loyal audience – YOU made this happen.
This is just the start. Let’s keep building, growing, and staying BULLISH for 2025 ..
You can ask if you have any Query related to my work and my journey ..
Big Thanks to #BullBanter Army..
#BinanceSquareFamily #BinanceEarnProgram
We did it.. Big thanks to @Binance Square Official , CEO @Richard Teng , and @CZ for creating this platform where we thrive together.
Also Thanks to Rex , @Karin Veri , Jerri, @Viane , @Umair Nauman , @Amanda 🔶 @Diana 🔶 and All others Official's who help me on Time whenever I call them...
Proud to be the #No1CreatorofTheYear2024 and the second biggest creator on Binance Square.
With your incredible support, we’ve smashed through 250,000 followers on Binance Square.
A huge shoutout to my amazing community and loyal audience – YOU made this happen.
This is just the start. Let’s keep building, growing, and staying BULLISH for 2025 ..
You can ask if you have any Query related to my work and my journey ..
Big Thanks to #BullBanter Army..
#BinanceSquareFamily #BinanceEarnProgram
You:re are big right sir
BullishBanter
--
Morning Market Insights: December 24, 2024
After spending the entire night coding, I took a look at the market this morning. To be honest, not much has changed since midnight. However, it’s still too early to get hopeful. At the moment, we are facing resistance from the downward slope line, and the selling pressure remains noticeable. That’s not surprising, though—I never expected a sharp breakout right away. My focus isn’t on how high the price moves right now; it’s all about the closing price in the next 4 hours.
As of now, it’s 7:10 AM, and I’m looking forward to seeing a bullish candle form by 8 AM when the timeframe closes. If the market manages to rise convincingly, the next pullback should hold above 93,500. If it drops below this level, then we’re still in a downward trend, and this current rise is likely just a temporary bounce. For now, it’s crucial to keep an eye on the key support level at 92,000.
On the daily timeframe, support remains strong at the mid-range channel, and the 4-hour Fibonacci lower band also provides decent strength. If the price breaks through the downward blue trendline and stays above it during a pullback, that could signal a shift back into a bullish phase. However, if the price closes below it again, it means we’re still in a bearish setup.
Today’s selling pressure might ease slightly compared to yesterday due to the holiday season. For the American markets, we’ll need to observe how traders respond during the Asian session. If there’s enough positive sentiment, it could support further upward movement later in the day.
For those trading, I hope you avoided shorting while a bullish candle was forming. Avoid chasing short trades without proper confirmation, always use stop-losses, and remember to reduce your exposure in uncertain conditions. These aren’t just tips; they’re rules to protect yourself in unpredictable markets. I may not be perfect, but my only goal is to guide you towards better trading decisions.
After spending the entire night coding, I took a look at the market this morning. To be honest, not much has changed since midnight. However, it’s still too early to get hopeful. At the moment, we are facing resistance from the downward slope line, and the selling pressure remains noticeable. That’s not surprising, though—I never expected a sharp breakout right away. My focus isn’t on how high the price moves right now; it’s all about the closing price in the next 4 hours.
As of now, it’s 7:10 AM, and I’m looking forward to seeing a bullish candle form by 8 AM when the timeframe closes. If the market manages to rise convincingly, the next pullback should hold above 93,500. If it drops below this level, then we’re still in a downward trend, and this current rise is likely just a temporary bounce. For now, it’s crucial to keep an eye on the key support level at 92,000.
On the daily timeframe, support remains strong at the mid-range channel, and the 4-hour Fibonacci lower band also provides decent strength. If the price breaks through the downward blue trendline and stays above it during a pullback, that could signal a shift back into a bullish phase. However, if the price closes below it again, it means we’re still in a bearish setup.
Today’s selling pressure might ease slightly compared to yesterday due to the holiday season. For the American markets, we’ll need to observe how traders respond during the Asian session. If there’s enough positive sentiment, it could support further upward movement later in the day.
For those trading, I hope you avoided shorting while a bullish candle was forming. Avoid chasing short trades without proper confirmation, always use stop-losses, and remember to reduce your exposure in uncertain conditions. These aren’t just tips; they’re rules to protect yourself in unpredictable markets. I may not be perfect, but my only goal is to guide you towards better trading decisions.
You're doing great sir bullishbanter. Thanks for the insight
BullishBanter
--
Morning Market Insights: December 24, 2024
After spending the entire night coding, I took a look at the market this morning. To be honest, not much has changed since midnight. However, it’s still too early to get hopeful. At the moment, we are facing resistance from the downward slope line, and the selling pressure remains noticeable. That’s not surprising, though—I never expected a sharp breakout right away. My focus isn’t on how high the price moves right now; it’s all about the closing price in the next 4 hours.
As of now, it’s 7:10 AM, and I’m looking forward to seeing a bullish candle form by 8 AM when the timeframe closes. If the market manages to rise convincingly, the next pullback should hold above 93,500. If it drops below this level, then we’re still in a downward trend, and this current rise is likely just a temporary bounce. For now, it’s crucial to keep an eye on the key support level at 92,000.
On the daily timeframe, support remains strong at the mid-range channel, and the 4-hour Fibonacci lower band also provides decent strength. If the price breaks through the downward blue trendline and stays above it during a pullback, that could signal a shift back into a bullish phase. However, if the price closes below it again, it means we’re still in a bearish setup.
Today’s selling pressure might ease slightly compared to yesterday due to the holiday season. For the American markets, we’ll need to observe how traders respond during the Asian session. If there’s enough positive sentiment, it could support further upward movement later in the day.
For those trading, I hope you avoided shorting while a bullish candle was forming. Avoid chasing short trades without proper confirmation, always use stop-losses, and remember to reduce your exposure in uncertain conditions. These aren’t just tips; they’re rules to protect yourself in unpredictable markets. I may not be perfect, but my only goal is to guide you towards better trading decisions.
After spending the entire night coding, I took a look at the market this morning. To be honest, not much has changed since midnight. However, it’s still too early to get hopeful. At the moment, we are facing resistance from the downward slope line, and the selling pressure remains noticeable. That’s not surprising, though—I never expected a sharp breakout right away. My focus isn’t on how high the price moves right now; it’s all about the closing price in the next 4 hours.
As of now, it’s 7:10 AM, and I’m looking forward to seeing a bullish candle form by 8 AM when the timeframe closes. If the market manages to rise convincingly, the next pullback should hold above 93,500. If it drops below this level, then we’re still in a downward trend, and this current rise is likely just a temporary bounce. For now, it’s crucial to keep an eye on the key support level at 92,000.
On the daily timeframe, support remains strong at the mid-range channel, and the 4-hour Fibonacci lower band also provides decent strength. If the price breaks through the downward blue trendline and stays above it during a pullback, that could signal a shift back into a bullish phase. However, if the price closes below it again, it means we’re still in a bearish setup.
Today’s selling pressure might ease slightly compared to yesterday due to the holiday season. For the American markets, we’ll need to observe how traders respond during the Asian session. If there’s enough positive sentiment, it could support further upward movement later in the day.
For those trading, I hope you avoided shorting while a bullish candle was forming. Avoid chasing short trades without proper confirmation, always use stop-losses, and remember to reduce your exposure in uncertain conditions. These aren’t just tips; they’re rules to protect yourself in unpredictable markets. I may not be perfect, but my only goal is to guide you towards better trading decisions.