Alltimehigh
TSCO broke out with volume!!* Strong earnings quarter over quarter
* Strong up trend
* Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth
* Broke of a 4 month consolidation out with higher than average volume (19.09%)
* Making a new all-time-high
* Probable ROI of 17.19% if the trade plays out in our favor
Trade idea:
* $200.75 is expected to hold as support due to high volume breakout
* This may come back to retest $200.75 area so if you're looking for a discount that may be a great entry point
* Or you can buy in now and ride the trend if you can stomach a slight move down
A probable ROI of 17.19% would place the target at 240.03 area
Note:
* This is also a great long term hold as it pays out dividends
Nifty Prediction for 9th Sep. Date correctionTomorrow is Weekly Expiry So Trade Wisely
Next week Strikes are advised
1 Gap Up- Wait till previous day close if its moving upwards then take CE till 17430 if it goes beyond trail SL
2. Flat Opening- If it slowly goes to 17400 and crosses with great volume then CE
3. Gap down opening is avoided till 17250
if it breaks 17250 and going down then PE with strict stoploss
Huge fall may be expected
Note- If you are getting something then take it and close the terminal dont wait whole day trading
Discipline is Must in market
Recap of Today - Only PE positions were recommended ,at around 12:15 pm, You should have taken 17400 PE and 1st Target was given 17300 it was achieved within no time then you should have closed the terminal and enjoy the profits
Its the MARKET it will give you ample amount of opportunities next day....
Thank you
P.S. Stop loss can Save you
Bitcoin is going to see 65000$ and higher after this correction!Hi dear traders,
As you can see my last analyzes on BTC I emphasized that Bitcoin must have a correction up to 42K area.
Now I expect a little range and LOW SCOPE falls and then ALL TIME HIGH(ATH).
I hope you have sold your altcoins before this fall.
Your Likes and Comments are the best Thank you!
Nifty Prediction for 6th Sep....New High or Reversal with panic Monday ^th Sep Nifty prediction
1: Gapup- If it Opens above 17400 wait for price action to form
Taget is very near so risk would be higher wait till support line if it moves upward after confirmation of 15 min candle with huge volume then take CE
2:Flat opening- If it opens Flat ...there is a trendline it should act as a support if it takes then CE above 17340 Target should reach and it will open up 17500 levels
3:Gap down-
If it opens Below 17200 Then we can Think for PE...When it rises Sell on Rise will work This senario triggers panic selling so PE only after 17220
P.S. Stop Loss Can Save
KCS/USDT The next big trading platform? Breakout imminentIntro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- On the RSI side we also see a strong consolidation towards the 60 line.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
- Currently KCS is above all MA lines.
Expectation:
- We expect to see an upwards breakout to happen very soon.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
Ethereum Could Be Setting Up For New All Time High Be Cautious!Ethereum is going bananas. There's not much resistance at these levels but the strength indicators are getting very very heated. A retest of roughly $4,400 is likely underway and there maybe some resistance we'll see. We still need to break past $4,000 first. If we break past $4,000 and run past $4,400 we will enter a new price discovery phase for Ethereum. Still strong momentum in the MACD after the bullish crossover 2 days ago. A pullback always looms around the corner when we start to get overbought on the strength indicators so keep that in mind. Getting in at these levels can be riskier. Profit taking at new all time highs will happen. I'm looking at Ethereum charts every hour right now.
Since EIP-1559 Ethereum has burned over $315 million dollars worth of ETH. Ethereum will continue to burn forever building in a scarcity factor that wasn't previously there. Also NFT mania continues to boom.
Exciting times to be in cryptocurrency. If you're new to crypto always make it a goal to own at least 1 Ethereum in your portfolio!
Cheers! Much peace, love, health, and wealth.
🔥 Ethereum Going For New All Time HighTwo days ago I made an analysis on Ethereum where I argued that the earlier mentioned channel break out would lead to a strong bullish move in the near future. Both targets at $3600 and $3800 were reached very quickly and are now functioning as support.
With ETH not showing any signs of stopping soon, there's a big chance we're going to see a new all time high in the near future.
For the coming week the main target area is the area between $4200 and $4370 (current ATH). If this area we're to be breached quickly, we might even continue on to $5000.
A more bearish scenario would be a bounce from the ATH back towards the support area between $3600 - $3800.
No matter which direction we're going in the near future, I'm expecting a new all-time high soon.
Happy trading!
Is it time for a run to 259k?Unique structure and indicator patterns. Haven't been able to find much for backtesting it against prior cycles.
Found similar patterns. One was in a downtrend of 2017, and the other was in an uptrend as seen in this chart. Since we're currently in an uptrend. I would argue that we'll follow suit.
Considering that we've followed 2013 and 2017 July/August fractals pretty well, it doesn't make sense to me that we have a bullish Sept... but
I'm the backtest king so... I'm going to stick with the data & say up up & away.
259k idea below in link to related ideas
ADAUSD Makes New ATH What's Next?So, lets talk about what we see from this chart first. We can see that once a 2nd new higher high was made, ADA ran to test the all time high and broke a serious psychological resistance level at 3.0. This test was successful which created quite a nice flagpole, and has prompted ADA to consolidate in a normal flagging pattern. This flag pattern signals continuation, and based on a fib extension (3.16) and a target from a previous cup and handle pattern (3.24), the price is like to enter that range. The price is still well above its main trendline, and has found a nice support area due to the basing pattern that it has formed. Keep in mind however, the slope of ADA is flattening (along with BTC). This means the bullish momentum is leaving the asset and the crypto market is likely to pullback in the near future 1-2 months. Also, with the new higher highs and lower lows, an ascending triangle is starting to be created which will signal a pullback. Ascending triangles take a long time to form and the price is by no means quick to fall after the formation. It is just signaling to you, there will be a pullback. However, there is a lot of room to grow until then (and after). I am going to take a little profit at this next target, and go from there. I will continue to keep an eye on the movements and patterns I see along the way.
Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time.
Again, I apologize for having less time to post at the moment, but that will change in a couple weeks.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Nifty Prediction for 31st Aug. Next Target 17127?Market is in Buy on dip mode only one Hurdle 17000
17000 Is a Psycological Resistance.
1.If Market opens Flat then it will slowly go to 17000 level . If it Gets Rejection then and then only PE position Otherwise Buy on dip
16880 now Becomes new support if market comes to this level possible reversal will be there
2. If market stays above 17000 for atleast 1 hr then Next target should be 17127
3. PE is only after 16800 level breaks
Stoploss can save you so always put stoploss
For maximum profit trail your stoploss
ADA Consolidates in Ascending TriangleHere is a small recap on what I have been seeing in regards to ADA. The last major move was ADA's premature run on the all time high. This brought a bit of punishment which forced ADA back into an area of consolidation (see the punishment begins chart for the consolidation area). ADA then formed a large cup and while forming the handle, the pattern broke to the downside for more consolidation. The giant ascending triangle ADA is sitting within is still holding. You should set alerts at the top of the triangle and the bottom (the hypotenuse). Any break outside this pattern would mean a important price movement is occurring in either direction. If we look at the handle we can see the price is coming to a focal point which will bring about a decision regarding the price (up or down). Overall, ADA is consolidating slowly which I am a fan of. All we can do now is wait to see what happens.
To be clear, I publish these charts to show you all the patterns I am watching at the moment. I do not pretend to know the future because no one really does. I give you the patterns and the options that can occur with the information we know at the time and my opinion on the matter. Patterns form, sometimes they complete, sometimes they break. Overall sentiment shifts just like wind blows. Every pattern and trend requires confirmation which happens over hours, days and months. I like to show you the patterns that begin to form so you can start to identify them yourself. So you know what to watch within a price movement, including the formation of buying and selling volume. Overall, I hope this helps you when you look at a price chart. Soon, I will start creating videos covering specific topics within the technical analysis space. I want to teach you what I know so you can do this yourself and build a community of well rounded technical analysts helping each other to identify patterns and trends within the market. I hope you understand where I am coming from.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
ADAUSD Forming Cup And HandleI have to make this post fairly quick because I have a long day ahead of me. The gist of it is, ADA has formed a cup (albeit an ugly one but still valid) and has started to form a handle. I am guessing this will be the catalyst for the push past the 3.00 mark into new high territory. If the pattern completes, we have a target of 3.37. If the pattern breaks, it will further consolidate in one of the support zones I have mentioned in my last post. It is very clear that ADA will make a run to test the all time high soon. Only time will tell. Remember, if a push happens and it fails, expect a strong pullback to a support zone. Mark the support zones I have created in my earlier chart with alerts and also set an alert for the all time high. This way, even if you are busy, you will have time to react to the price change.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
$NVDA Elliot Wave Analysis$NVDA Elliott Wave Analysis
Nvidia broke out to ATHs and I was able to profit off the move thanks to Elliott Waves! Elliott Waves are a great form of technical analysis to identify when the price is beginning an uptrend (Impulsive), as well as when finishing a corrective phase.
ADA Punished For Premature Price MoveInstead of consolidating into the bull flag that was forming, ADA was prematurely pushed upwards to test the all time high. Due to the lack of consolidation, the buyers were exhausted, sellers entered the market and punished the premature price move. This is something I had warned about previously. However, it is not the end of the world. ADA will fall back to the consolidation zone noted on the chart, and promptly fill the gaps in volume. If ADA can manage to stay above the strong support at 2.84, that is where it will consolidate instead. From there I expect ADA will have enough energy to move forward yet again. The 3.00 price target is especially difficult because it has strong emotional resistance. This is typical for any price range that has been "hyped up", is a round number, or is a record high. The 3.00 price target happens to relate to all 3 examples. Therefore, to get past this resistance, ADA will need to fall back and consolidate. I still believe the trend for ADA, and crypto in general, is bullish at the moment.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
ADAUSD Triangle Breakout Testing ATHADA has not had too much time to rest. Instead of a lengthy consolidation period after the cup formation noted in my last chart, the handle broke, created a small ascending triangle and decided to break out again to test the all time high. My feelings on this are mixed. If it fails and does not make an all time high, the results could be terrible and we would see a drop in price to the next consolidation area. Not to mention it will ruin any bullish momentum that was forming since this morning. A pattern can only try a high a few times before the sentiment changes and the trend turns for the worst. However, if it does make a new all time high, this could bring the bullish volume back into ADA after the last strong bull run. It would also confirm the uptrend. The bullish momentum created by a new all time high could last for days. The reason for all of this is the amount of volume at the top range of the chart (2.86) is not really allowing the price back down. Unlike the last pushes, this is a strong psychological level and the best approach will be slow and steady.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
ADAUSD NEW ALL TIME HIGHWelp I said it in my last chart about 2 hours ago, ADA looked like it was going to breakout again. You heard it here first! Lets see if it holds. I think it will :)
This is not financial advice. DYODD.
Feel free to like this chart and follow me. All the support is welcomed. Thanks again! GLHF.
ADA-USDT (All Time High- Breakout)With Cardano at the cusp to enter into the Goguen era with the implementation of Alonzo Purple , it marked the deployment of the first fully public Cardano testnet that supports the smart contract functionality. With the tentative launch of Cardano mainnet by the end of August/early September, Cardano’s infrastructure will provide the groundwork for the development of dApps and the creation of new assets on the Cardano blockchain, therefore, making it smart contract efficacious.
The support to the lower side is present at $2.45 while it may face resistance at the levels of $2.85 and $3.15.
BNB/USDT Breakout coming - Looking bullshBNB/USDT has been on an uptrend since the end of July 2021. It has broken few resistance and is currently at the major resistance order block. Wait for the breakout at $433 and confirmation before entering.
Target 1 - $500
Target 2 - $533
Target 3 - $564
Target 4 - $620
This is not financial advice, Please DYOR and place stop loss below the support area (Red lines marked on the graph)