My Thoughts on Current Markets-234


When we look at the daily gold ounce chart, we maintain the trend concept above the falling channel and above the moving average. We continue upwards with a half-moon angle. 2698 is short-term trend-continuing support, trend-tracing support. Therefore, after passing through this falling trend at 2698, the 8-day moving average continues the concept and discipline of tracing. In this sense, the ounce of gold above 2698 continues its main dynamics towards 2790, this is the main short-term target. If we look at it as a short-term or transaction discipline, since the dynamics of carrying the price above the 8-day moving average since 2580 have been working well, this triggers a correction below 2698 towards 2665 - 2615. I think that the discipline of keeping 2790 on the radar will continue unless there is a closing below 2698. The price is at $2730, there are about $60 left to 2790. This $60 scale may not close the gap all at once in one day. It may occasionally pull back while closing $60. But in general, as long as it stays above 2698, the ounce will maintain its 2790 target in the short term. As long as it stays above 2585 for the medium term, the ounce gold target is 2890. But we may see delays in that short-term resistance target area at 2790.

As Trump will stand out in the polls and the probability of winning increases, Bitcoin came to $107,000 - $108,000 before $60,000 - $70,000. Then, after Trump won, we experienced the 108,000 - 90,000 decline that we call profit sales. Then, he regained his appetite close to wearing the presidential shirt. Now we see that the candlesticks are rooted in Fibonacci channels here. Pullback touches in the falling trend where wicks are thrown at 99,090. So whether it is the approval of the exit or whether it will break it and enter a downward pressure again, we can manage it in the short term in this way. We can even say that 99090 is the short-term intermediate, 90500 is the short-term main support. When we look at it in general, it seems that the discipline of keeping the Bitcoin chart above 99090s with the targets of 109780 - 118350 will continue. 109780 is the extreme point of the wicks on both Monday and Tuesday, so since they were seen once, they have now been tested and approved. Therefore, if 109780 passes, we will have entered a new upward momentum, an upward playground of approximately $ 8000 - 10000 towards 118350 in Bitcoin. In this sense, if we are following an upward transaction towards 109780 intermediate, 118380s, let's pay attention to the 99090 level in the short term. I am not saying why the 99090 level is important. These two Touches are extremely important. As this region works, it continues to be relatively positive at 109780 - 118350.

When we look at Ethereum, there is an event in the broad perspective. 4041 is the resistance zone of the triple top, 2617 is the 89-day moving average, when it touched these before, an upward movement came. As a result, there is a 4041 - 2617 compression. There is also a triangle compression here. We can say that there is a horizontal trend. More precisely, there is no trend here, there is a directionless image. It has connected a horizontal trend in the 4041 and 2617 region. If this chart passes 4041, it will be important for us to see two closings above 4041 in order to see how strong the movement will be with herd mentality, and for the upward movement to become dynamic and triggered. Above 4041, an upward movement occurs in Ethereum, which will be the main target of 4869 and 5923. Attention, staying in a position dynamic as if it will pass here without passing 4041; Let's not forget that it is also an important trigger and if condition in terms of risk management of those psychological concepts other than technical and fundamental analysis such as carrying cost, leverage management, market psychology. It triggers the upward movement above 4041 and shows a movement worth waiting for. Unless 4041 is passed, the graph seems to lean to the right in the 4041 and 2617 band.

There were really sharp, very harsh movements in Ripple, and these movements seem to continue in the last days of 2024. The 2 dollars - 0.30 cent decrease in Ripple came to Fibonacci 1.618. Fibonacci passed 78.6 and the price entered the spoiling phase. The momentum started and reached 1.618, which is roughly 3 dollars. Now when we look at it in general, it is important to see Fibonacci 1.618 sitting above it in a very short time, today - tomorrow, for a few days, in terms of the widening of the correction. There may be a correction movement towards 2.42 in ripple below 3 dollars. We need to pay attention to this. If a pricing starts below the current peak, we can probably say that the short-term movement that started from about 50 cents in ripple is over, if it falls below 1.97 dollars. We can follow 1.97 and 2.42 dollars as short-term 2.42, 1.97 as medium-term supports. 3.40 - 3.88 seems like a short-term target, and 4.66 seems like a medium-term target. If 2.42 is broken, the time to reach these targets will be extended. We will be under pressure towards the medium-term support 1.97. Unless 1.97 is broken, there may be band movements and volatility between 3.40 - 3.88 and 2.92, but 4.66 will be the target. Below 1.97, this target may be left to the next bull season.

In Solana, 176 is seen as short-term support, 162 as medium-term support. As long as it does not fall below $176-162, which it did 3-4 days ago, it took off by getting new approval from the trend. Therefore, $176 and $162 seem to be the support area for Solana traders and Solana investors to follow the game direction upwards in positions, as the strong upward movement continues. It has not yet settled above its previous peak. It tried about 10 days ago, and tried on Monday night, but it has not yet settled at 259.60. In this sense, it seems that there will be a little volatility around 259.60. As long as it remains above 176 and 162, the targets of $259, $327 and $414 will continue to be the main target area in the short term. These targets will continue unless 162 is broken. If 162 is broken, you don't turn around and say what happened to your 259 and 327 targets. Technical analysis says that when this is broken, it means that these targets are left for the next bull season. That's where the saying "long-term investors never lose" comes from. They don't lose unless they sell, but traders are flexible and when a certain risk area is broken, you need to take a reflex there. Because under $162, the risk of $134 in Solana begins.

In BNB, 666 - 632 are the support or stop loss levels we will follow to keep our short-term game plan up. The investor will evaluate these according to his own risk scale, and 560 is the medium-term support and stop loss point. If you are managing a short-term position, you manage your risk according to 666 - 632, and if you are managing a medium-term position, you manage your risk according to 560. If 560 is broken, the probability of touching 509 and going up is below 50%, but it is not zero.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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