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Accumulation

MATIC: GENRATIONAL BOTTOM IS IN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this MATIC/USDT UPDATE MATIC looks amazing in the weekly time frame. Last time when MATIC accumulated in a 610-day channel it led to 20,000 Returns. Now, it is forming a symmetrical triangle kind of structure and accumulated in the triangle for more than 1200 days. Right now, it is sitting at the lower trendline of the triangle and also holding good support here. Buy some now and add more in the dip. Must Hit Targets:- $2.84/$4.72/$7.16/$9.88 Overall it's a double-digit potential, so leave some % for a moon bag🚀 What are your thoughts on MATIC's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
MLong
by CoreCrypto1
1
Accumulation and High UncertaintySummary The analysis of the current exchange rate reveals a period of indecisiveness, as indicated by the symmetrical sideways triangle and low trading volume. The application of the Fibonacci Retracement confirms the price accumulation between the 38.2 and 61.8 levels, highlighting uncertainty and high risk in positioning. Additionally, the technical analysis with moving averages and MACD does not provide a clear direction, with MACD suggesting a potential new trend due to divergences. A comprehensive approach requires confirmation of scenarios from additional technical indicators. The analysis suggests a wait-and-see strategy, warning of the risk associated with significant price accumulation. Trend Determination The direction of the exchange rate is not clearly defined. It is bounded by a symmetrical sideways triangle and moves within the entire range of the formation. This formation suggests indecisiveness and is characterized by very low trading volume. To investigate the current formation, the analysis will expand by reviewing the movement of the past two years. Using Fibonacci Retracement on the range of the downward movement, the current movement is confined within the 38.2 and 61.8 levels, indicating significant accumulation and indecisiveness. Positioning trades when the price moves within these levels entails very high risk. It is also important that the upward corrective trend was halted at the 61.8 level. Based on data from the chart and literature on the symmetrical triangle, there are no clear indications for future price movements. A wait-and-see approach for a bullish or bearish price breakout is a moderate strategy but reduces considerable risk for the portfolio. Fibonacci Support and Resistance Levels Fibonacci Retracement Given the significant price accumulation observed recently in the exchange rate, the Fibonacci Retracement tool will be applied over a longer-term horizon. Specifically, it will be applied to the previous significant upward movement to delineate the price levels indicating the beginning of a new upward or downward movement. The first scenario involves an upward movement of the exchange rate, with 1.06916 being a significant resistance level. Its breakout increases the likelihood of rising prices. The second scenario involves a downward movement of the exchange rate, with 1.02163 as the first price level. Subsequently, breaking 0.97410 further supports this scenario. These scenarios require confirmation from other technical indicators and studies; they cannot stand alone for decision-making and trade positioning. There are significant risks and peculiarities in the case of intense price accumulation due to substantial market participant pressure. Fibonacci Expansion Similarly to the previous case, the Fibonacci Expansion will be studied in the previous significant upward movement. The peculiarity in this case is that an estimation of levels can be made if the exchange rate moves upward. Attempting to identify levels in the opposite direction has a high probability of incorrect estimations. The resistance levels that appear to exist, and their distance from the current price, are as follows: A) 1.13062 – 400 pips B) 1.17815 – 876 pips C) 1.25504 – 1645 pips Technical Indicator Analysis Moving Averages The current exchange rate prices are between the moving averages. The distance of the current price from the moving averages is statistically insignificant and cannot be utilized for further analysis. Thus, visualizing the moving average results does not provide reliable conclusions about the exchange rate trend. MACD The MACD is positive and on an upward trajectory, but its momentum is not satisfactory. Visualizing the MACD results shows divergences between the MACD trajectory and price trajectory. The existence of divergences at this time could mean that the exchange rate might establish a new trend. The MACD results are unclear and do not provide actionable data. Stance: Neutral | Outlook: Neutral | Risk for placing orders: Extreme
by Forex_Analytica
ONDO (ONDOUSD): Spot Trading Opportunity Amid Bitcoin BottomWe are screening through some altcoins for potential wick trades on a possible bottom on Bitcoin and found interesting levels on ONDO. Current Analysis: We are looking at the spot chart here as we would plan on entering spot rather than perpetual, but technically, you could do it. We got multiple levels here that support one idea, getting support from the 3D demand zone and the HVN POC (point of control). We got both the 3D and the D FVG above/on the demand zone. In an ideal scenario, we would look at a wick into this demand and nothing more. If this doesn't hold, we would target the second 3D demand and the 3D BPR down below. Everything in between seems irrelevant for a spot trade. Strategy: Our target would be above the current high. If we place a target, we will cover it in a market report as usual.
Long
by freeguy_by_wmc
Reliance Industries: Could be great momentum trade!!Reliance recently raised its mobile tariff. So the stock is in news. Stock was trading in a range (rectangle pattern, darvas box, accumulation stage. After the announcement of the tariff hike by the company, its stock price broke out from the range. This breakout could be the continuation of the uptrend of the stock, and in coming days we have see further rise in the stock price of reliance. Pattern gets invalidated if it breaks down from the range.
NSE:RELIANCELong
by Pranam18
Wyckoff Bullish Patterns - Accumulation (strong buyers action)VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand bullish patterns using Weis Wave: Key Concepts of Weis Wave Wave Volume: This is the cumulative volume of each price wave. It helps to identify the strength of buying or selling pressure. Price Waves: These are the movements in price, which can be upward or downward. Recognizing Bullish Patterns Rising Volume on Upwaves: When the volume increases on upward price waves, it suggests strong buying interest. This is a bullish signal as it indicates accumulation. Decreasing Volume on Downwaves: When the volume decreases on downward price waves, it indicates weak selling pressure. This is also a bullish sign as it shows that sellers are not aggressive. Higher Highs and Higher Lows: In a bullish pattern, each successive upwave will typically make a higher high, and each downwave will make a higher low. This reflects a strong uptrend. Support and Resistance Levels: Pay attention to how the price reacts around key support and resistance levels. A bullish pattern often sees the price breaking through resistance levels with strong volume. Example of Bullish Patterns Accumulation Phase: This phase is characterized by a series of higher lows and higher highs, with increasing volume on upwaves. It suggests that smart money is accumulating shares. Breakout with Volume: A significant bullish signal is when the price breaks above a resistance level with a large increase in volume. This confirms that buyers are in control. Pullback with Low Volume: After a breakout, a minor pullback or consolidation with low volume is often seen. This is typically a continuation pattern indicating that the uptrend is likely to resume. Using Weis Wave for Confirmation Combine with Other Indicators: Use the Weis Wave in conjunction with other technical indicators like Moving Averages, RSI, or MACD to confirm bullish patterns. Volume Clusters: Look for clusters of high volume on upwaves at key price levels to confirm bullish strength. By analyzing these aspects, you can effectively use the Weis Wave to identify and trade bullish patterns in the market. Would you like more detailed examples or further explanation on any specific aspect of the Weis Wave?
NYSE:NIOLong
by VolumeDayTrader
Mohit Industries - A buy on Dip candidateHello everyone , I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE). technical view The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume. the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle. CUP N HANDLE EXPLAINATION Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock. How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming. Targets as per Cup N Handle -- The targets usually comes three times the target of cup. Elliot Wave View- - the stock is looking in its impulse wave (1-2-3-4-5) - In that impulse it might have entered the bigger wave 3rd - the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs. - but as per cup n handle it can be extended and might give targets of 72 and 95 as well. conclusion the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line. Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
NSE:MOHITINDLong
by KARANN_DINGRA
#ETH: ACCUMULATE HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming. IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging). Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions. Buying range:- $3200-$3500 Target:- $6k-$7k Invalidation:- Weekly close below $3200 Let me know your thoughts in the comments below!
COINBASE:ETHUSDLong
by CoreCrypto1
Dark Pools Accumulating Biotech: STOKDark Pools are accumulating some biotechnology stocks for mutual funds and ETFs based on this new technology. HFTs are chasing this accumulation. NASDAQ:STOK is now near the price when more professional traders are likely to swing trade. It has a very high Percentage of Shares Held by Institutions and the bottom is completed. It may be a potential candidate for a watchlist for this industry, IF the industry fits your needs for short-term trading or long-term investing. It may also turn into a position trade if platforms develop. This is a Weekly Chart so all the history of recent price is visible. The peaks of bounces upward within the downtrend are where the stock may stall and go sideways as it moves up.
NASDAQ:STOK
by MarthaStokesCMT-TechniTrader
Swing Trading Setups: TWSTThis is a stock that went on my students' watchlists this week for potential swing trading. NASDAQ:TWST is coming out of a long-term down-trending correction and has completed the bottom. Accumulation ended and a HFT gap and run up followed on May 3rd. The stock retested the sideways trend highs which are now support for the current price. Pro traders are swing trading in these patterns. There are fewer wicks and tails and the stock has a very high Percentage of Shares Held by Institutions.
NASDAQ:TWST
by MarthaStokesCMT-TechniTrader
Alpha in Wyckoff accumulation patternLooking at the 4h chart, it can be clearly seen that it is in an accumulation phase. We are currently after the 2nd ST and will test the UA zone at 0.1276. To do this, we need to look at the chart more closely. On the 1h chart, we can see that after the 2nd ST, which went all the way below the grey support, a micro Wyckoff accumulation is also happening, which is supposed to create a stronger buying pressure. If the price successfully breaks above UA(2) and retest it, then we go to the aforementioned 4h UA zone. If it fails then we presumably test the grey support again.
Long
by puttoAZ
1
LIT/USDT Analysis: Is a Bullish Breakout Imminent? 📊 Chart Analysis The weekly chart for BINANCE:LITUSDT reveals a critical resistance level around $1.15, which the price has tested multiple times since early 2023. This level has formed a significant resistance zone (marked in red), where the price has struggled to break through. The 50-week moving average (MA), shown in blue, has recently flattened and started to turn upwards, indicating a potential trend reversal. The recent price action shows a consolidation just below the resistance, which could suggest accumulation before a breakout. Additionally, the upward green arrow highlights a possible support level, indicating the price might bounce back up from here. 🔍 Technical Indicator Analysis Momentum Indicators: - AO, PPO, PVO, ROC, RSI, TSI, StockRSI, and Stochastic indicators are mixed across timeframes, showing bearish signals in shorter periods (15m, 1h, 4h) and more neutral or bullish signals in longer periods (6h, 8h, 12h, 1d). - The RSI is neutral on most timeframes, suggesting no extreme overbought or oversold conditions. Trend Indicators: - ADX, Aroon, CCI, and DPO indicators show varied trends across different timeframes. - Ichimoku Cloud shows long-term bullish signals but short-term bearish signals, indicating possible short-term volatility before a potential bullish trend. - MACD and EMA indicators are bullish on higher timeframes (1d, 3d, 1w), supporting a longer-term bullish outlook. Volatility Indicators: - Volatility indicators such as ATR, Bollinger Bands, and Keltner Channels show high volatility, especially in the shorter timeframes. This indicates potential sharp price movements. - The Ulcer Index shows high risk on the weekly timeframe, suggesting caution. Volume Indicators: - Volume indicators like ADI, CMF, EM, and FI are mostly bullish across various timeframes, indicating strong buying pressure. - OBV and VPT are bearish on shorter timeframes but show mixed signals on longer timeframes, suggesting some short-term selling pressure but potential for longer-term accumulation. 🔮 Prediction - Short-term (15m - 4h): Expect some bearish movements due to mixed and bearish signals in momentum and trend indicators. High volatility suggests sharp price movements. - Mid-term (6h - 1d): Consolidation and potential for bullish breakout as trend indicators start turning bullish. Monitoring support and resistance levels will be crucial. - Long-term (3d - 1w): Bullish outlook supported by trend indicators (EMA, MACD) and volume indicators. A breakout above $1.15 could lead to significant upward momentum. 📝 Conclusion The analysis of LIT/USDT suggests mixed signals in the short term with potential bearish movements due to high volatility. However, the mid to long-term outlook appears bullish, especially if the price can break above the critical $1.15 resistance level. The 50-week MA turning upwards and supportive volume indicators further bolster the case for a bullish breakout. 💡 Advice : - Patience is the key. Given the high volatility and mixed short-term signals, it's essential to practice robust risk management. Monitor key support and resistance levels closely and stay updated with market news that could impact LIT/USDT. - Remember to Do Your Own Research (DYOR) before making any trading decisions. 🙏 Thank you for reading this analysis. Stay informed and trade wisely! #LITUSDT #TechnicalAnalysis #CryptoTrading #BullishBreakout #RiskManagement
L
by crypto_pumpppp
Is Bitcoin on a Distribution or Accumulation range?I made this analysis of Accumulation and Distribution ranges on Bitcoin. On the current level we can clearly see its forming a range which can work as Distribution and go down at least a key level bellow as we can see on the horizontal lines. Or it can make a spring bellow the range and push up to a new level above new all time highs. The question is: We are now in a Distribution or Accumulation Range? What are your opinions?
COINBASE:BTCUSD
by torricelly
1
Zoom (ZM): Zoom Bottoming Out? Major Accumulation Signs!A stock we previously considered "dead" and seemingly on its last legs is Zoom. Despite its current low standing, it warrants another look. Zoom is currently trading around its lowest level ever, approximately $58 to $59. This is a stark contrast to its all-time high of $588, marking a significant sell-off following the end of the COVID-19 pandemic. Stocks like Zoom are challenging to evaluate due to the massive fluctuations in value. Historically, Zoom has tested and held the $250 level seven times, but now, for the first time, it’s been in a prolonged sideways movement. This could indicate an accumulation phase, often seen when stocks are at their lowest, suggesting that Zoom might be finding a bottom. Moreover, there's a trendline within this accumulation phase that has been touched three times, reinforcing the possibility that Zoom is stabilizing. This trendline might act as a support level, potentially leading to a period of growth or at least stability. Zooming in further, we notice that during this accumulation phase, there are four notable touchpoints on the trendline. While two points dip slightly lower, this is not overly concerning given the overall price action. The trading volume within this phase is visible and consistent, with price movements often oscillating around the Point of Control (POC) at $67. Prices fluctuate above and below this level but tend to return to the POC, indicating strong trading interest at this price point. Currently, Zoom has the potential to rise towards $72, which corresponds to the High Volume Node Edge. This movement could involve a retest of both the trendline and the POC. A successful retest and subsequent breakout from these levels could provide the necessary momentum to break out of the accumulation phase, potentially opening the door for significant upward movement. In summary, while Zoom has faced a dramatic decline, the current price movement and trendline support could indicate a phase of accumulation, suggesting that it might not be entirely out of the game yet. While this scenario is intriguing, it is also fraught with risk. Therefore, we are opting to remain on the sidelines for now, monitoring the situation closely.
NASDAQ:ZM
by freeguy_by_wmc