Bitcoin could retest 4hr 200ema and then run hard!I think a small pull back is likely, we are so close to the 200ema and perhaps it will converge with up-sloping and down-sloping resistance for a volatile reaction. Not financial advice, DYOR
200ema-pullback
Crypto RUNEUSD. Trade I took long 1hr ago. Lined up on the Daily
Thought I would briefly describe this long trade i entered in RUNEUSD about an hour ago. Volume levels are about average for Crypto, it is now aligned perfectly on the 2ooEMA Daily.
Price has moved back on me a bit. But I think it might go okay from here,
Pick of the Currency Outbreaks AUDUSD. More bulls ahead.
This is the Daily chart of AUDUSD. It's up well over 1% today.
It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie.
You can see in the chart of daily how the 200ema has turned in favour of the Aussie.
I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of buying.
If you look ahead on the Daily, you will see a huge head n shoulders bullish setup which the bulls will be chasing.
I wrote a month or 2 ago how I expected the Aussie to breakout, but the USD has also returned to strength.
We also saw AUD perform very strongly against a basket of of other currency's in the Asian session earlier.
Exide Industries out of consolidation and ready to take off.After a period of consolidation 📉, Exide Industries seems to be building a solid base and is showing signs of renewed bullish momentum 📈. Recently, it also bounced from its 200 EMA, which is an important reversal signal 📊, indicating a potential shift in market sentiment. The consolidation phase likely allowed the market to absorb earlier gains, setting the stock up for its next upward move 🚀. Investors might see this as a prime time to enter, with the potential for continued growth looking promising based on current technical indicators 🔍.
View invalidates below 400 on daily close.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
Another bullish setup on Daily 200EMA CADJPY
Price recently came out of a falling wedge on an intraday chart and this sort of occurrence is usually bullish as price wants to run on its own outside of a wedge.
Price here is at the 200ema on daily and it looks like it is ready to pop.
I already went long, if you trade it then good luck.
VELO RSI looks beautiful VELO looks beautiful on all higher time frames. I especially like 3D RSI, which is setting up nicely, but needs to stay above 50 level. 12H and D1 look great as well...both RSI position and market structure. I first want to see what happens when price breaks above the previous highs marked with the blue horizontal line.
Ideally I would like to long the restes of the broken level and a retest of 12H 200 EMA and SMA.
Another option would be to simply go in with a starter position once the level breaks. I would preferer option 1. Let see what we get
Happy trading
Polkadot(DOT): 200EMA Rejecting The PricePolkadot is looking similar to Litecoin, where 200EMA is acting as a pretty strong rejection zone, which is pushing the price lower and lower with each touch.
We are looking again for that lower zone (greenish) to be broken and a movement towards that target zone.
Swallow Team
ARKK Finding Support on the 65minARKK found support last week around the $48.50 area, and is currently surfing the 200 EMA on the 65min chart. Two open gaps to the upside leave this with plenty of room to run back up to the local high from late December.
TSLA Trendline RetestTSLA breakout failed to end the year but is now currently backtesting the trendline. It's been surfing the 200 EMA, and If that holds, this seems like a great risk reward spot to go long. A red to green open would provide a great entry. 5 straight days down and then a doji candle smells like a possible reversal as well. Initial Targets $250 $265
$US500 SP500 forecast.Here's what I'm looking at.
I still think $4100 is on the table for a bottom. Reason being, there's multiple levels of confluence there.
1) If you take the AVWAP from the Jan 2022 highs, it comes to around $4100
2) It's a horizontal level
3) It's roughly the measured objective of the Head and Shoulders break down
4) It's also coming in around the 0.618 fib level.
Of course there will be levels of support along the way, one being the current $4260 area.
This $4260 area is also a confluence of support with
1) It's a horizontal level on the weekly
2) The 200EMA on the Daily chart
3) The AVWAP from the recent March 2023 lows.
Either we see a bounce and recovery from here ($4260 area) or if we break lower we'll see 4100.
For now, I still think $4100 may be the low for this correction.
RELIANCE going to 2200?RELIANCE weekly chart had broken down from an upward trendline in January. Since then it has pulled back and retested the trendline. The bearish bar dated 29th May suggests than the selling pressure could resume. Specifically if the price trades below 2400.
We could expect prices of about 2200, a sort of retest of the 200 EMA on the weekly chart in the near future.
SWING TRADE FOR GPILThis is a buy recommendation for this stock
why?
stock is at its 200 ema support
small stop loss but a big target
EURUSD - Potential Long PositionPlease let me know what you thing, your feedback is appreciated.
Classic Pullback Strategy.
Price is currently in a uptrend respecting the trend line and the 200EMA.
Price have retraced back to the 50% Fib Level
As price is at Support Zone we have to look for Price Action before jumping in, If the Support, Trend Line and 200EMa is broken we can look at a possible reversal.
Triangle Break-Out in 1 DTF//HGINFRA+++The Triangle is broken with good candle and also sustained in today's session.
++The Supports(+) and Resistances(-) are also perfectly respected.
+Lets follow the Price Action in keeping the SL(Under 14 Dec candle) and Target R:R should be (2.5)> .
Happy #Christmas Trading Mates!
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline.
Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level.
Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long.
*Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)
Ford - A good spot for a swing trade Long?Looking at the Ford weekly chart, share price has fallen hard since Jan. of this year with no relief pull-back. Well over 50% from the low in March 2020. Is it at a good level now for that pull-back to happen?
Notice a possible head and shoulder formation brewing in the works. Price is at the 200ema on the weekly and at the .618 fib level. The .618 fib level is at a point of support also. Stoch RSI has been under 20 since early Feb. Maybe a good time to pick up a few shares for the longer term investor. Or possibly a nice swing trade long.
It'll be interesting if price just destroys this zone or reacts to it.
AUDCAD BREAKOUTTIMEFRAME: 4H
TOOLS USED: 200EMA, trend channel, dynamic support/resistance
We can see price has broken the 200EMA on the 4 hour which is a huge confirmation of the trend changing and along with that we break support and trend line which are also very very significant levels
Potential Profit: 500 pips
position: Long
Wallstreets wants the Q's weekly EMA 200 again?Currently we are inmiddle of one of the most chaotic times, and stockmarket is starting to price in some serious fears into the market.
Just eventually be prepared, that wallstreet might be aiming for some real deep value here.
Btw. currently we buy the 100 week average price on nasdaq, not the worst spot to maybe start a fresh longterm depot, DCAing on the way down to maybe the weekly 200 might be somewhat of a chance with long horizon.
Stay safe guys, trade setups coming soon again, busy times..
AUDUSD GOING DOWN FROM HERE - GREAT SWING TRADEI take short trade here from the following reasons:
1.Bear flag (the last wave before breakout)
2.Resistance
3.Supply candle (marked with yellow TL)
4.Bear Shooting star candle
5.200ema
6.Entry the Fib golden zone
7.50,100,200 EMA Weekly just above the price.
Just look nice for me
BIOCONNSE:BIOCON
rectangle pattern breakout and 200 ema/dma breakout
best time to enter for swing trade /intraday
for the short target of 388,394
with stop-loss 351
use retest method
plz do ur own analysis before taking trade.
ETHUSD LONG SETUPPrice show signs for a short term push to the 200EMA
If the 200EMA holds then we will look for another Short
VET/USDT Wait is over !!!!Vechain broke out of the downtrend a month ago and made a minor correction since the beginning of this month. Currently, it retested the trendline and found support at 200 EMA. Also, we can see the Green Buy signal on VMC Cipher B indicator. This is a great confluence to enter or accumulate more.
This is not financial advice please DYOR. If VET doesn't hold current support next support is around $0.0854
DOT/USDT found the bottom ????Polkadot has been correcting since the ATH and is heavily impacted by BTC. DOT is almost 37% below the last ATH despite all the bullish hype such as parachain auction. The question is where should we buy or accumulate more DOT?
Currently DOT finding support at 200 EMA and 0.786 fib if it bounces from here and breaks the trendline then we will see a massive rally. If 200 EMA doesn't hold then the next major support is around $27. Be mindful of BTC movement too because BTC movement affecting DOT price more than other alts.
This is not financial advice please DYOR
