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ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
Bullish Long for DJTDJT's tremendous buying volume today pushed the stock price to $32.17 (+18.43%). A golden cross formed on the hourly chart on October 8th, and if DJT keeps its bullish momentum, a golden cross will likely form on the 4-hour chart in the next few days. The weekly chart shows that October holds the strongest buying volume for the year. This should help DJT play at a higher value. Fundamental Analysis—The surge is likely due to interest and support for Trump's upcoming presidency. This is what happened in March 2024. DJT's value rose due to the loyal base of Trump supporters. Analysts labeled DJT as a meme stock, trading more on social media buzz than traditional financial metrics. Knowing these fundamental analytics, I believe DJT will find great value and performance depending on a Trump victory.
NASDAQ:DJTLong
by LOWCO_487
FTM LongFTM is currently testing resistance at $0.71 as it enters a price discovery phase. The chart forms an early-stage symmetrical triangle pattern accompanied by positive momentum indicators. This pattern suggests a period of consolidation, where the price is likely to move sideways within a narrowing range. The 200-day moving average is acting as a key level for a potential breakout, while the MACD suggests an imminent surge. Given these factors, the outlook for FTM appears bullish, favoring long positions. Support - 0.62 Resistance - 0.76 RSI - Neutral Fear & Greed Index (Binacne) - 48 Neutral Fundamental Analysis: Fantom's approaching transition to the Sonic platform creates positive investor sentiment and contributes to its recent price appreciation. This EVM-compatible upgrade promises enhanced transaction speeds exceeding 10,000 TPS and includes a substantial airdrop of S tokens for existing FTM holders. Given these developments and the improving market landscape, analysts project that FTM may outperform significant cryptocurrencies like Bitcoin and Ethereum in the coming quarters, potentially positioning it as a notable player in the evolving blockchain ecosystem.
BINANCE:FTMUSD.PLong
by LOWCO_487
$SLP is turning resistence into support on daily 1D frameNASDAQ:SLP Smooth Love Potion is holding nicely over several suports It is holding above 200MA 1D, above 200EMA 1D and above long term fib level And it is retesting as a support the anterior blue resistence! Bollinger Band is narrowing (gray) and there is also strong support from Visible Range Volume past trades (horizontal bars on right) As the target of the down wedge has already been achieved (pink arrow), it may be forming a kind of a triangle on these last 20 days
by CCCLopes
1
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start any new hype to enter the market - Crypto ETF craze has passed; wait for the next one maybe for ETH Suggested Trade: Entry @ Area of Interest 62,700 - 65,300 SL @ 68,042 TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 53,685 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Litecoin poking its head above the inverse h&s necklineAs I always reiterate, priceaction will often dip back down blow the neckline of an inverse head and shoulders pattern after the first time it breaks above that nckline, so you never want to get too overzealous about the initial neckline breach like we can see litecoin has jsut made on its inverse head and shoulder pattern. Probability is fairly good that I will have to readjust my measured move line slightly lower to wherever the real validation break of the invh&s neckline occurs, however there’s also plenty of examples where an asset has validated the invh&s breakout on the very first breach of the neckline so one must always take into consideration that that outcome is also quite possible. Either way, being deep into the midst of our current bull market,I am confident this invh&s attern will have its breakout inevitably validated at some point in the near future. We’re we to see a pattern like this in the middle of a bear market then probability would be much higher for the chance of it being a complete fakeout bull trap, but since the market cycle and overall macro sentiment of the market at the moment is bullish probability of this pattern being a fakeout/bull trap that ends up getting nullified is almost non existent. In my opinion Litecoin will need to flip the weekly 200ma(in blue) to solidified support before it can validate the breakout of this pattern so that will be something to watch for. *not financial advice*
BINANCE:LTCUSD
by DrDovetail
1
SPY: The Most Important Technical Turning Points (D&W analysis).The SPY is once again hitting a new all-time high today, with the market looking optimistic. As long as it continues to show the pattern of higher highs/higher lows, bullish sentiment will prevail. Last month, I made several warnings that we shouldn't try to guess the top, and that the trend is upwards. The only thing that could reverse the situation would be a clear reversal signal. The link to my last public study on SPY is below this analysis, as usual. For now, I still don't see any technical evidence suggesting a correction or a pullback, but we should pay attention to some key points, especially its medium-term support levels, because if the SPY loses them, the bullish momentum could become weaker. Despite leaving a gap below the price, today's candle is small, revealing a contained intraday movement. If this gap closes this week, it could be classified as an Exhaustion Gap, a technical piece of evidence that the trend is losing momentum. However, the most important key point for the SPY is the yellow area in the chart above. This point is the area of the previous all-time high at $479.98, and a secondary top at $477.55. In addition, we see the 21 EMA rising, and it will probably enter this area soon, forming a triple support level. A pullback to this triple support level is acceptable, and it's not a technical reason to believe in an immediate reversal; after all, pullbacks in an uptrend are buying opportunities most of the time. But if the SPY loses this point, the medium-term trend could reverse, in which case the next targets will be on the weekly chart. We can see that just below the yellow area, we have support around $466, a previous bottom, and a point near the 50-MA (red line), which is set up for the daily chart, even though we see the weekly chart. This makes the area around $466 the next area of support should SPY begin a sharper correction. Since SPY has materialized a Golden Cross pattern (when the 50-MA breaks through the 200-MA, the black line, upwards), we can say that the official trend is upwards, but it is important that SPY keeps prices above these support levels in order to maintain the long-term uptrend. For now, we have to be aware that the trend is upwards, and we don't see the SPY losing any support levels yet, so there are no signs of a correction, let alone a reversal in sight. We'll proceed very cautiously, paying attention to its key points. In the absence of a clear bearish reversal structure, the SPY should continue to rise, until it reaches $500, which, although not a technical resistance, is more of a psychological resistance, as we know that the market has a soft spot for round numbers. Of course, I’ll keep you updated on this, so consider supporting this idea if you liked the content, and follow me to keep in touch. What's more, keep in mind that the idea described above reflects my humble opinion. It is not investment advice, use it for educational purposes and to improve your own thesis about the market. All the best, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
6
TSLA: Has finally reached its critical support (D & W analysis)!TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as usual. Volume has fallen sharply and TSLA's shares are very weak, as it is the only one among the "magnificent 7" that is not showing any signs of recovery this week. In two weeks the company will release its earnings report, and this will be an important event, but until then, we don't see any technical signs suggesting a bottom. Yes, the price has reached an extremely important support point, but we need to see confirmation of a bottom signal to believe in a decent recovery. Despite the signs of weakness, the price is not in a downtrend yet, for that we need to see LHs/LLs. Now, let’s look at the weekly chart: From a technical point of view, the next resistance is around $300, the previous top. Can TSLA get there? In theory yes, but in practice we need to see a clear bottom signal, as mentioned in the analysis of the daily chart. You have to admit that if TSLA were going to react, now would be the perfect time, we just need confirmation. On the other hand, if the price loses the critical support point on the daily chart, nothing would prevent a sharper correction on the weekly chart, perhaps to its next support around $207, or even to the support line of its Descending Channel. This would frustrate the breakout of the previous resistance of this channel, characterizing a false breakout, a powerful bearish signal. If you ask my personal opinion, I wish to see TSLA making a bottom around this support area, as the Risk/Reward ratio for a long trade would be attractive, however, we see no confirmation yet, and there is no meaningful bullish reaction suggesting a possible recovery yet. I’ll keep you updated on this, so consider following me for more analysis like this, and support this idea if you liked it. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
TSLA: Approaching a major turning point.TSLA's shares are collapsing, even though the company is beating vehicle delivery expectations. This can be explained by the fierce competition coming from China, as TSLA lost its position as the world's biggest seller of electric cars to BYD in the last four months of 2023 - even though the American company managed to beat its own expectations. This not only affects TSLA, but also the shares of RIVN and LCID, the former of which also managed to exceed expectations for vehicle production. From a technical point of view, the price could fall to the next support level in the next few days, around $230 . The price is already entering a short-term downtrend , as it has lost the 21 EMA, and in the absence of a clear bullish reaction that could reverse sentiment, this is the most likely scenario. What should the price do so it can reverse this bearish sentiment? It would be nice to see a clear reversal candlestick, closing above the 21 EMA again . So far, there are no technical buy signals in my view. Are there any other possible support points? Yes, we see the 50-period and 200-period averages very close to each other, also in the $230 area mentioned earlier, reinforcing the idea that $230 could be an important support for TSLA . It would be important to see the price react above this area to avoid a Death Cross (when the 50MA breaks the 200MA downwards). A warning sign is the divergence between the RSI and the price. While the price was making higher tops, the RSI was already making lower tops, as evidenced by the red arrows in the chart above. In addition, the RSI is already losing its support levels, while the price is still above them (green lines). This can be characterized as an Advanced Breakout (when an indicator anticipates a breakout in price). For now, TSLA shares are in correction territory, and although we see a promising support zone near $230, I don't see any technical evidence that convinces me of a bullish reversal at the moment. I'll keep you updated on this, so remember to follow me for more daily analysis like this, and support this idea if you like it or learn something new here. All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
INTC: Bullish Shark and Breaking Back Above The 200 Month SMAIntel has made a full reset down to the PCZ of a perfect Bullish Shark Harmonic on the Monthly Timeframe and it went below the 200 Month Moving Average to do so but it was short lived as price only a month later managed to get back above the 200SMA and close above it. I now believe that we could atleast see price test the 50% - 61.8% Retraces above but if the Dow reaches all time highs as i am somewhat leaning towards then we may see Intel make an even more surprising and extended move to the upside from here beyond the .618 retracement.
NASDAQ:INTCLong
by RizeSenpai
Predict Bitcoin's Price with "W" pattern from the 50 and 200 MA 50 MA in blue, 200 MA in green. There is a "W" pattern where the 50 MA also crosses under or over the 200 MA. It can be useful in short-term and long-term trading. If the pattern repeats itself, with your ruler you can see that there should be a correction for the next 2 months (according to the previous corrections in the bull run which are about the same length). It’s also interesting to look at how deep the second correction, or “V”, will go. In the W pattern of End 2019 (October) - Middle 2020 (May), the 2nd dip was deeper than the first and it resulted in a bull market. We could argue that it also happened back in July/August 2014 – October 2015. In the W pattern of Middle 2021 (May) - End 2021 (October), the second dip was higher than the first and it resulted in a bear market. We therefore have to wait to see if there will be a correction and how deep it will be, continue to use indicators, and find patterns.
BITFINEX:BTCUSDShort
by YanakTrading
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity Voids. Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line). Here is a closer look at this BTC/USD 1 Week Chart. RSI: Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone. Up/Down Volume:
BITSTAMP:BTCUSD
by entertheroach
3
EUR/USD: Potential Short Trading OpportunityEUR/USD Daily EUR/USD tested the 200-Day Moving Average at 1.0802 on Wednesday. Our team expect the pair to remain under pressure, because: - The SuperTrend Indicator shows strong downtrend - The price is below the psychological zone 1.0900 and the resistance level 1.0930 SUGGESTED TRADE: SELL EUR/USD - If the price close under the 200-Day Moving Average and under the psychological zone 1.0800 - SELL EUR/USD ENTRY - around 1.0780 after daily candle close under the 200-Day Moving Average and 1.0800 SL - 1.0940 TP1 - 1.0645 TP2 - 1.0533 Client Sentiment: Retail trader data shows 61% of traders are net-long. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall. Traders are further net-long than the last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias. Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
A Closer Look at the Dow JonesLast week was volatile on the markets. Many indices have been corrected (a fall in value after a previous period of rise). The fear of interest increases following the speeches of the members of the FED and the Chinese economy which worries despite the support plans of the Chinese government. I am therefore focusing today on the Dow Jones. Founded in 1896 by Charles Dow and Edward Jones, the Dow Jones is an index made up of 30 major American companies. It reflects the overall health of the stock market in the United States. Bullish Scenario: Testing the Waters In the wake of last week's turbulence, the Dow Jones is now poised to challenge its previous resistance level, which had effectively capped its price for the past year. The close of trading on Friday witnessed a late-day surge in stock prices, indicating a resurgence of buying interest. The candlestick chart suggests a potential rebound, bolstered by a concurrent bounce on the oblique support line. Bearish Scenario: Keeping a Watchful Eye However, it is prudent to consider the bearish scenario as well. If the current support line fails to hold, there exists a possibility that prices could find support at the 200-day moving average, an essential metric used to assess longer-term market trends. Failing this, the next support level looms around the 32,500 point threshold. In conclusion, the Dow Jones remains in the spotlight as investors navigate through this period of market volatility. Its performance in the coming weeks will undoubtedly serve as a litmus test for the broader U.S. stock market, shedding light on the intricate interplay of economic factors and investor sentiment.
TVC:DJI
by ssavi
The daily chart and the 200 day MA The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here, you can see that price has crossed over above the 200dma. It is starting to pull back towards it now and possibly will stall either at the major support at 35.20 or the MA. If we get a clear sign of being rejected and a bullish candle prints above the MA, it is a good sign to take a long. If such PA develops, you could be in for massive profits IF you stay patient and committed. Also, check out AUDUSD for a similar setup. Once again, we are only watching and trading this on the daily chart. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
Education
by Trading_Vista