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UNFI ANALYSIS🚀#UNFI Analysis : What Next ??💲💲 🔮As we said earlier, #UNFI performed same. Around 25% bullish move done Now we can see that there is a breakout of descending trendline in #UNFI and our next target is around 65% more bullish move 🔰Current Price: $4.787 🎯 Target Price:   $7.800 ⚡️What to do ? 👀Keep an eye on #UNFI price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #UNFI  #Cryptocurrency #TechnicalAnalysis  #DYOR
ULong
by ZEUS_Market_Alerts
BB ANALYSIS🔮 #BB Analysis - Breakout 🚀🚀 As we can see that there is a breakout of trendline in #BB in 12 hr timeframe. There is an instant support zone in #BB and making a bullish formation. Some time ago a reversal was coming from the same support zone and this time also a reversal is coming from the same support zone. 💸Current Price -- $0.4385 📈Target Price   --  $0.8584   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #BB  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
Heavy Market Drop: Bitcoin and UNI Analysis🔍Let's dive into today's analysis. The market experienced a significant drop, especially Bitcoin. Altcoins also fell, but since Bitcoin's dominance decreased, Bitcoin's drop was more substantial than that of altcoins. Today, I want to analyze UNI, which has dropped less than Bitcoin. But first, let's look at Bitcoin's analysis. 👑 Bitcoin Analysis 🔍 We're analyzing Bitcoin on the 1-hour timeframe. As you can see, after breaking 64,247, which was a trigger mentioned in previous analyses for short positions, the descending channel was broken from below. This can lead to two scenarios: Trend Fatigue: The price may re-enter the channel. Sharp Downtrend: The price may continue a sharp downtrend, which happened in this case with a 9% drop to the 58K low. It was then supported at 59,323 and is currently ranging around 61,300. 🔄 I hope you utilized the short triggers mentioned in previous analyses. Our triggers were 64,247 and 63,583, and with a break strategy, you could have easily taken a position with a risk-to-reward ratio of 5 to 20, depending on which trigger and stop-loss size you used. 📊 The selling volume in the market has increased significantly, and as the price takes a breather, the current buying volume is negligible compared to the selling volume during the downtrend, indicating the strength of the bearish trend. 📈 I am not recommending any long positions because it's illogical to open long positions when the market has such a strong bearish momentum. 📉 For short positions, we currently have the 59,323 trigger. If you want to enter earlier, you can use Dow Theory and open a short position whenever a lower low is made. I believe the price will wait for the SMA 99 to catch up since it's quite far from the current price. 📚 Bitcoin Dominance Let's look at Bitcoin dominance. As I mentioned, Bitcoin's larger drop compared to altcoins is due to the decline in Bitcoin's dominance. This chart shows the percentage of money in the crypto market that is in Bitcoin. 🔑 Yesterday, with the break of 55.06%, Bitcoin dominance dropped, causing money to flow out of Bitcoin into altcoins. Part of this money became Tether, and part went into altcoins, causing both Bitcoin and altcoins to drop, but Bitcoin more so. Currently, dominance is ranging between 53.74% and 56.31%. With a break of the 55.06 trigger, it can move to the lower end of the range. 🦄 UNI Analysis 🔍 Now, let's analyze UNI. I've previously discussed the Uniswap project and its court case with the US in detail, so let's go straight to the chart. 🔄 In the previous analysis, I mentioned that you could open a long position with a break of 11.567, but a fake breakout occurred, and the price couldn't stabilize above this area. Subsequently, the price dropped past the POC fixed range volume profile and continued down to the 6.412 area. After a brief consolidation, it dropped again to the box low of 8.871. 📉 For shorts, the 8.871 trigger is very suitable, especially if Bitcoin dominance increases, making it a great short trigger. The target for this move could be 8.226, and after that, 6.768. A break of 26.35 in RSI could introduce bearish momentum into the market, making lower targets achievable. 📈 For longs, wait for the price to build a new structure. Until then, wait for a break of 10.82, which overlaps with the POC. 📝In conclusion, the market has shown a significant bearish movement, especially in Bitcoin, which has led to cautious market sentiment. For Bitcoin, short positions remain more favorable due to the strong bearish momentum. For UNI, the short trigger of 8.871 is a key level to watch, while long positions should be approached with caution, waiting for a more defined structure and stronger buying signals. Always ensure to manage risk and wait for clear triggers before entering positions.
by itsparham96
3
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
ZCX - Excellent Support holding - Expecting Pump soon#ZCX #Analysis Description --------------------------------------------------------------- + Price is heading towards the strong support zone, this support held for long time + Expecting the price to bounce back after hitting this support zone + You can enter the position now, or when it hits the support. + SL is below the support line --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.16518 Stop Loss: 0.10819 ------------------------------ Target 1: 0.20471 Target 2: 0.25980 Target 3: 0.34376 Target 4: 0.46859 Target 5: 0.61632 Target 6: 0.91315 Target 7: 1.52410 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
SUI presents a great trading opportunity.#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI has broken out and is heading towards a strong bullish trend. + This presents a great opportunity for a long trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.0954 Stop Loss: 0.7924 ------------------------------ Target 1: 1.1960 Target 2: 1.3515 Target 3: 1.4726 Target 4: 1.7001 Target 5: 2.2037 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
DXY Weekly Analysis and Its Impact on Forex PairsLet's dive into today's analysis. Today, I want to share a Forex analysis with you, focusing on the DXY index. The timeframe for this analysis is weekly, but we'll also take a look at other timeframes. 🧲 Long-Term Support First, let's examine the curved trend line on the monthly timeframe, which has been significant since 2008, acting like a magnet attracting the price. This trend line is a crucial support for the dollar and has kept the overall trend of the dollar bullish for years. 🔑 Key Resistance Levels Additionally, in this timeframe, if we apply a Fibonacci extension from the previous wave, we see that the top of this wave, which corresponds to 113.7, has completed at the 1 level. If this peak is breached, we could move up to 1.618, which is 131. However, there's a significant resistance at 119.76. 📰 Interest Rates and Economic Outlook Given that the US interest rate is already high, it's unlikely to increase further beyond 5.5% as it could harm the US economy in the long term. On the other hand, inflation has reached 3.25%, nearing the 2% target. Therefore, there's no reason to raise interest rates further. If they start reducing the interest rates, we could see an uptrend in stock markets like crypto and renowned global stocks such as Apple, Microsoft, Tesla, etc. If this happens, the DXY trend will turn bearish and could potentially drop back to the 89.59 support. 📅 Weekly Timeframe Analysis In the weekly timeframe, the curved trend line is also evident, and the price is near this trend. Drawing Fibonacci from the previous wave shows that the price has bounced back from the 0.5 level, overlapping with the old support at 101.195, and has created a range box between this area and the 0.236 level at 106.723, forming since late 2022. 📈 If 106.723 is breached, we could target 113.701 and the next target at 119.76. However, due to anticipated rate cuts, I believe the USD will remain bearish and won't go beyond 113. 📉 For a decline, if 101.195 breaks and the Federal Reserve starts lowering rates, we could expect a drop to the 0.618 and 0.786 Fibonacci levels, which are 98.023 and 94.374, respectively. 🔎 RSI Indicator The RSI is ranging between 66.02 and 34.17. Given that FOMO is less powerful in the Forex market compared to crypto, if we reach either of these numbers, it might be time to take profits as the trend could weaken. 💵 Impact on EURUSD and USDCAD 🇪🇺 EUR/USD If the DXY drops, we might see the EUR/USD break the 1.1064 resistance, and even move towards 1.1205, and then target 1.16588 and 1.22423. However, 1.22423 seems distant and unrealistic given Europe's current strength. In case of a DXY increase, the EUR/USD could head towards the historical low of 0.96801 after breaking 1.05195, though it's likely to find support sooner. 🇨🇦 USD/CAD For USD/CAD, a rising DXY could push it to 1.43687 after breaking 1.38713. Conversely, if the DXY drops, the trend line might break, and after breaking 1.31457, it could move towards 1.20374. 📝 Conclusion In summary, the DXY index is at a critical juncture with significant supports and resistances on both the monthly and weekly timeframes. Anticipated changes in US interest rates could significantly impact its trend. While the USD may see some strength in the short term, a long-term bearish trend seems likely, particularly if interest rates begin to decrease. This will, in turn, affect major Forex pairs like EUR/USD and USD/CAD, with potential bullish moves in EUR/USD and bearish moves in USD/CAD depending on the DXY's movement. Always remember to conduct thorough research and apply sound risk management in your trading strategies.
TVC:DXYShort
by itsparham96
4
Gold can break resistance level and continue grow to 2365 pointsHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago price rose to a resistance level, which coincided with the seller zone and soon broke it. After this movement, it made little correction and then rose to 2450 points, and then made impulse down to 2330 level, breaking 2385 level. Then Gold started to trades inside the range, where it some time traded near the current resistance level and some time later price rose to the seller zone, after which turned around and made a downward impulse. Price entered to wedge, thereby exiting from the range and also breaking the 2330 level, which coincided with the buyer zone. Gold fell to the support line of the wedge and then started to grow to the 2330 level. When the price reached this level, it broke it and reached the resistance line of the wedge, but a not long time ago XAU turned around and fell back to the support line of the wedge, breaking the current resistance level one more time. Now, the price trades in the buyer zone, so, in my opinion, it can rebound up from the support line and break the resistance level. After this, the price will continue to grow to the resistance line of the wedge, therefore I set my TP at 2365 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
Sunday Market Calm: Bitcoin and SUSHI Insights🔍Let's dive into today's analysis. The market is quite range-bound and lacks volatility since it's Sunday and the trading volume is low. As usual, let's start with Bitcoin analysis: 👑 Bitcoin Analysis 1-Hour Timeframe In the 1-hour timeframe, we still have an ascending channel where yesterday, the price stabilized above its midline. However, as mentioned earlier, there is currently no bullish momentum in the market, which is why I haven't opened any positions and remained in a no-position stance. 🔻 Interestingly, the price was supported at 64247, making this trigger more reliable. Upon breaking this short-term support, I will open my short position. However, given the low market volume, it's better if selling volume enters the market simultaneously with the trigger break. The RSI confirmation trigger is 44.53, but due to the ranging market, momentum oscillators are less reliable. 📈 For a long position, the risky trigger at 64530 is still on the table, but I strongly advise against opening a long position in the current conditions. It is better to wait for the market to build more structure. 🍣 SUSHI Analysis Project Overview The coin we will analyze today is SUSHI, which is a DEX platform in the DeFi space. This platform allows decentralized trading of cryptocurrencies. Additionally, by creating Liquidity Pool Tokens (LP tokens) on this platform, you can generate income. This relates to the DeFi sector, and I recommend thorough research before entering this space. Technical Analysis In the 4-hour timeframe, it is evident that there is a downtrend that started from the 1.295 resistance and reached the 0.791 support. Using the Fibonacci retracement, we see that between the 0.791 support and the 0.859 level (which is also the 0.236 Fibonacci level), a range box has formed, indicating a resting phase. The SMA25 has reached the candles and turned the previous candle red. If the SMA25 can inject momentum into the market, we can expect the market to become bearish. 📉 For a short position, I recommend opening a short position upon breaking 0.791, with a target of 0.64. It is crucial that volume increases; otherwise, the trend will weaken. 📈 For a long position, wait for the price to stabilize above the SMA25 and for the RSI to hold above 47.03. You can open a position upon breaking 0.859, but since this is against the trend, buying volume in the candles must be high, and the target should be small. The 0.382, 0.5, and 0.618 Fibonacci levels can be suitable targets for this position. ♟ Personal Strategy I will definitely open a short position upon breaking 0.791 because if this area breaks, a significant bearish momentum will enter the market, potentially leading to a substantial decline. However, for a long position, I will not open one at the moment and will wait for the market to build a structure that fits my long position strategy. 📝 Conclusion Today’s market analysis highlights the importance of patience and strategic positioning. For Bitcoin, the lack of bullish momentum suggests a cautious approach, avoiding long positions until the market shows more definitive signs. SUSHI presents potential opportunities on both the short and long sides, but volume confirmation is key to avoid false moves. Remember, in low-volume conditions like today, it's best to wait for clear signals before making any trading decisions. Always prioritize risk management and thorough analysis before entering the market.
Short
by itsparham96
1