Market Signals Pro

Tag: Analysis

shape
shape
shape
shape
shape
shape
shape
shape
Standard

Litecoin (LTCUSD): Higher Low But Conflicting Signal.

Litecoin (LTCUSD): Higher Low But Conflicting Signal. Litecoin (LTCUSD 4 Hour): Selected as Trade Of The Week but as Bitcoin came off its high, LTC has failed to follow through (see conflicting signal on chart). These signals are momentum based which means the price action that follows the signal should be green in the case of a bullish momentum reversal. When momentum fails, it is usually a good idea to take an early exit rather than taking the full stop. See chart here: https://www.tradingview.com/x/hyO9YLKH/ As of now, price is still managing to hold above the 68 support level which likely coincides with Bitcoin 40K. As long as this key support holds, another bullish leg is still probable. Bitcoin will have to lead the way. IF 68 is compromised, avoid any new longs until a confirmation of stability appears.

Standard

S&P 500: Poised For Pullback But Still Bullish.

S&P 500: Poised For Pullback But Still Bullish. S&P 500 (SPXUSD Chart) on the daily time frame shows weakness off a notable resistance (4800). Price can retrace back to 4725 or as low as 4650 and STILL remain in a broader BULLISH trend. This is particularly important for Trade Scanner stock signals. Long signals for stocks should be considered LOW probability until the bullish momentum on the S&P continues. Keep in mind IF 4650 support breaks, a change in trend structure may be in play. Watch the 4650 and 4725 levels for a bullish reversal patterns.

Bitcoin 4H Higher Low.
Standard

Bitcoin: 4H Higher Low Confirms Momentum.

After some drama with the SEC’s X account, Bitcoin has continued to stay in line with the short term momentum. A higher low has been established around the 44,500 level (blue arrow). This configuration continues to favor the possibility of a higher high which can be well into the 48K area over the coming days. Also take note of the 4 Hour pin bar, an ideal sign of strength coming off a noted support area. The 48K to 50K area is what I consider a higher probability bearish reversal zone (best for aggressive day trades only). Otherwise use this strength as an opportunity to take profits on other alt coin positions. Also as a reminder the CPI report comes out tomorrow in the early AM EST. Any surprises can have a significant affect on the Dollar, S&P, etc.  

Market Signals Pro

Navigate The Markets With The Power Of Simplicity.

Discord Twitter Youtube Instagram

Important Links

Contact

[email protected]

© 2024 marketsignalspro.com, all rights reserved.

The information on the marketsignalspro.com website and inside our Discord community is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Marketsignalspro.com takes no responsibility for loss incurred as a result of the content provided inside of our Discord community. Market Signals Pro Team never contact you directly and never ask for payment. The different memberships are available after purchasing a subscription. If you receive any messages from anyone, please report them and do not make any payments. This is not Market Signals Pro Team.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative.

When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.