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IEX: Riding the Wave of a Major BreakoutSymbol: IEX Technical Analysis: India Energy Exchange (IEX) is demonstrating a significant technical breakout. The stock has recently surpassed a major resistance level, indicating a strong bullish trend. Additionally, IEX's relative strength index (RSI) is notably higher compared to its peers, suggesting that it is outperforming other stocks in the same sector. This strong momentum makes IEX a promising candidate for potential gains in the near term. Fundamental Analysis: From a fundamental perspective, IEX exhibits robust financial health. The company has a strong cash flow position, meaning it has ample cash reserves to cover its operating expenses and any higher interest payments if necessary. Furthermore, IEX has turned profitable and has consistently maintained higher profit margins over the past 12 months. This sustained profitability underscores the company's solid operational performance and growth potential. Conclusion: The combination of a technical breakout and strong fundamentals makes IEX an attractive investment opportunity. With its solid financial position and strong market performance, IEX is well-positioned for continued growth. Investors looking for a promising stock in the energy sector should consider adding IEX to their portfolios.
NSE:IEXLong
by hrishikeshrahalkar
3
IMX Analysis: Daily Review and Bitcoin Update🔍Let's dive into today's analysis. Today, we're focusing on the IMX coin, examining it in the daily timeframe. But before we get into that, as usual, let's review the daily Bitcoin analysis and provide an update on yesterday's analysis in the 1-hour timeframe. 👑 Bitcoin Analysis 1-Hour Timeframe Bitcoin analysis is in the 1-hour timeframe. As mentioned yesterday, the market needs to establish a new structure. Given that today is Saturday and market volume is low, it is advisable not to open any positions today and tomorrow. 📈 After the recent drop, we saw a slight upward movement with very low volume, which appears to be a pullback to 64530, overlapping with the middle line of the descending channel. If selling volume enters the market simultaneously with a rejection from this area, despite it being Saturday, I might open my position with less risk. The target for this position could be the channel's bottom or 63343. 🔑 Breaking 44.53 can be a good confirmation for this risky short position. ⚠️ Currently, I don't have a trigger for a long position and won't open one until buying volume enters the market. If you want to open a long position, breaking 64530 could be suitable, but I don't recommend opening a position with this trigger, and I won't either. 🎮 IMX Analysis 🔫Overview IMX operates in the field of crypto games, providing infrastructure for other projects. It allows both game creation and gameplay within its ecosystem, making it a comprehensive platform for enthusiasts of crypto games and play-to-earn models. 📅Daily Timeframe Looking at the chart in the daily timeframe, the first thing that stands out is the head and shoulders pattern, with its trigger already activated. This pattern emerged from the coin's upward movement from 0.4915 to 3.6567, with the trigger appearing at the 0.382 level. Upon breaking this trigger, we can aim for the targets indicated in the chart. 🎯 The first target is the 1 Fibonacci extension point on the downside, overlapping with the 1.2463 support, forming a strong area. The second target is an extremely strong area for several reasons: it is the 1.618 Fibonacci extension point and one of the most important support levels for this coin. Additionally, it is the 0.786 Fibonacci retracement point and the first target of the head and shoulders pattern. 🔻 Currently, the trend for this coin appears bearish. Breaking 23.75 in RSI can introduce more downward momentum into the market. However, for a long or spot purchase, I'll wait until the price moves above the 1.7739 area and RSI breaks 39.60. Only then will I consider a long position. 📝 In summary, while the current market sentiment for both Bitcoin and IMX is bearish, careful observation of key levels and triggers can present potential trading opportunities. For Bitcoin, caution is advised with low market volume over the weekend. For IMX, the head and shoulders pattern indicates possible downward targets, but significant levels must be watched for potential reversal signals. Always wait for volume confirmation to avoid false moves and optimize your trading decisions.
Short
by itsparham96
2
BTC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below the structure marked in orange, BTC has been bearish trading within the falling wedge pattern marked in red. Currently, BTC is approaching the lower bound of the wedge. Moreover, it is retesting a strong support zone $60,000 - $62,000.. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the blue support zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
AUDUSD: Multiple Rejections, Potential ReversalPrice has recently rejected this level multiple times. As-well-as multiple rejections and long-wick candlesticks, we have a rounding top chart pattern. I anticipate price will continue to reject this level and eventually breakout of the uptrend line, suggesting a bearish bias. **Rationale:** ~ Area of resistance ~ Multiple rejections ~ Long-wick candlesticks ~ Rounding top ~ Break of trendline --- **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday #daytrading
Short
by Forexity
ENS Analysis: Spot Purchase in a Bearish Market?🔍Let's dive into today's analysis. Today, I want to analyze the ENS coin in the weekly timeframe, which could present a suitable opportunity to add this coin to your spot portfolio. 👑 Bitcoin Analysis 📈 As usual, let's first look at Bitcoin. Bitcoin has finally lost the support at 64429, and new downward momentum has entered the market. Currently, the first obstacle for Bitcoin's decline is at 63292, but it doesn't seem likely to hold off the bearish momentum. Bitcoin will probably move towards the 60681 support. ⚠️ If it finds support at this level, we need the market to create a new structure for a long position. If you already have a position, it's advisable to secure profits. For short positions, you can open one upon breaking 63292. ⏳ In the short term, we are likely to wait for the SMA7 to reach the candles, bringing new momentum into the market. The next trigger for RSI confirmation is the 30 level. Once this level breaks, it can confirm the entry of bearish momentum, likely leading to sharp downward candles. ENS Analysis 🌐 Now, let's move on to ENS (Ethereum Name Service). I've previously explained this project in past analyses. ENS stands for Ethereum Name Service, which assigns a domain to your wallet to make asset transfers easier, similar to how a domain makes website navigation easier compared to using an IP address. Weekly Time Frame 📅 In the weekly timeframe, as you can see, there's a very strong bullish candle. If it can close above the 26.39 resistance, it indicates that buyers have substantial power in this coin. After starting its upward movement and reaching the 26.39 resistance, it corrected to the 0.5 Fibonacci level, forming an accumulation zone. The POC Volume Fixed Range overlaps with this zone, pushing the price back up towards the 26.39 resistance. The buying volume has increased significantly over the past weeks, and now it is ready for a substantial upward movement. The SMA7 is also supporting the price well, maintaining the momentum in this coin. 🎯 The target for this movement can be, firstly, the 1 Fibonacci extension at 44.87 and, secondly, the 1.618 level at 93.98. These targets can be easily reached if sufficient volume enters this coin. Breaking 66.25 in RSI can provide the necessary momentum for the price to move towards these levels. 🚫 If a candle closes below 20.58, the bullish scenario fails, and a new structure is needed to consider buying this coin. ENS/BTC Analysis 🪄 Now, let's explore why I'm recommending buying this coin for spot purchases in a bearish market. This chart shows ENS/BTC, the ratio of ENS to BTC. As you can see, it is breaking the resistance at 0.0003473 and can move up to 0.0005745. The SMA25 is also supporting the price well, bringing momentum into the market. The targets for this upward movement are 0.0005745 and 0.0010319. 📝In summary, despite the overall bearish momentum in the market, ENS presents a strong opportunity for spot purchase. The technical indicators and volume trends suggest a potential upward movement. If key resistance levels are broken and the RSI supports the trend, significant gains could be achieved. However, caution is advised, and it's important to watch for key support levels to avoid potential losses. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
4
XAUUSD 15M - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst
ETH Analysis:Comprehensive Review Across Different Time Frames🔍 Let's dive into today's analysis. Today, I want to thoroughly analyze Ethereum to provide a complete overview of the potential scenarios ahead. Bitcoin Analysis 📉 First, let's take a look at Bitcoin. In the 4-hour timeframe, we found support at 64429. After breaking the high of 65389, we set a higher low in this timeframe. From a Dow Theory perspective, we are seeing the first signs of a trend reversal. If we set another higher high and higher low, we can confirm an upward trend. 📈 An important aspect of this trend change is that buying volume needs to enter the market. As you can see, the green candle volume is gradually increasing. We now need price confirmation for an early long position entry. Dow Theory confirmation can be a good trigger, but if the price doesn't correct, candle confirmation above 66719 can serve as a suitable long trigger. RSI has also given its confirmation by breaking 50.91. 📉 For short positions, confirming a candle below 64429 remains a strong trigger. Given the current downward momentum, there's no need to complicate things unnecessarily. Simply confirming a candle below this support is sufficient for a short position, with RSI breaking below 32.53 providing additional confirmation. ⚠️ Remember, we are in a large range box. When the high wave cycle (HWC) is in a range, we shouldn't expect our positions to yield significant profits or for the market to move sharply and hit our targets. ### Ethereum Analysis 🔍 Now let's move on to our main focus, Ethereum (ETH). Weekly Time Frame 📅 Starting with the weekly timeframe. Alongside Bitcoin's rise from 25k to 74k, Ethereum also climbed from its 1500 support, coinciding with a curved trendline, up to 4k. It formed a significant resistance at 3873 and then began correcting, reaching around the 0.382 Fibonacci retracement level, finding support at 2922. 📈 A major catalyst for Ethereum's support at this level was the announcement of the approval of an Ethereum ETF, which generated considerable hype. As a result, since that day, everyone has been waiting for the ETF's launch date. This has created significant bullish sentiment around Ethereum. By analyzing the total2 to total3 ratio, Bitcoin, and Tether dominance, we can infer that money flow is shifting towards Ethereum, likely because traders and whales believe that buying before the ETF launch will be profitable in the future. Technically, we can see that it reached the 0.382 Fibonacci level, and as selling volume decreased and the SMA25 intersected the price, a new upward momentum began. In my opinion, a combination of technical factors and the ETF news has created significant hype for Ethereum. 💸 For spot buying in the daily timeframe, it's better explained, but if you buy only in the weekly timeframe, you should wait for a break above 3873. Breaking the 70 level in RSI can provide additional confirmation for your buy. 📉 If the 2922 support, which aligns with the 0.382 level, breaks, we could move towards the golden zone of Fibonacci, between the 0.5 and 0.618 levels, with a target around 2200. Ethereum to Bitcoin Price Ratio 📉 Next, let's analyze ETH/BTC, which shows the price ratio of Ethereum to Bitcoin, helping us understand the money flow direction. Since mid-2022, Ethereum's price relative to Bitcoin has been declining. This doesn't mean Ethereum's price dropped, but rather that Bitcoin's price increased more significantly. 📈 After reaching the Demand zone, this chart made a fake breakout below this zone and returned to it, reaching its descending trendline. With the current hype and money flow into Ethereum, we expect this trendline to finally break. After breaking the trendline, the next obstacle is the SMA99. If Ethereum clears these hurdles, it could see a 56% increase relative to Bitcoin. If Bitcoin also trends upward during this period, Ethereum could experience significant growth in the ETH/USDT chart. 📉 If Ethereum continues to decline relative to Bitcoin, the next target could be 0.04307. Daily Time Frame 📅 Moving to the daily timeframe. In addition to the weekly Fibonacci, we can draw another Fibonacci on this timeframe. The 0.618 level of this Fibonacci overlaps with the 0.382 weekly Fibonacci, creating a significant support at 2873. After breaking the trendline discussed in previous analyses and the ETF approval news, Ethereum made an upward move. 📉 Currently, it has reached resistance at 3894 and is correcting, forming a range between 3457 and 3642. Breaking either of these levels could move the price to the bottom or top of the range. 📈 For spot buying, breaking 3642 is risky; the main resistance is 3894. Breaking either of these levels allows you to buy. RSI can also assist in spot buying; breaking 52.04 allows buying after price confirmation. For shorting in a market downturn, 42.84 is a suitable trigger. For futures positions, let's look at the 4-hour timeframe. 📉 In this timeframe, the price, after reaching the 0.618 Fibonacci level, created a range between 0.618 and 0.382, visible in the daily timeframe as well. 📈 We have two main triggers for long and short positions. The main long trigger is breaking 3629, with RSI breaking 61.57 for additional confirmation. For short positions, breaking 3402 is ideal. Use these triggers for opening positions. The target for long positions is 3875, and for short positions, it's 3185. 📉 If you want to open a short position earlier, confirming a candle below 3522 allows a low-risk short entry. This is happening now, and if the candle confirms below this level, you can enter a low-risk short position, but the target will be 3402, not 3185. ⚠️ The most crucial point in most analyses is that volume must confirm the trend. Always remember this to filter out and identify fake moves. 📝Ethereum's price movements are currently influenced by a mix of technical levels and fundamental news, particularly the upcoming ETF. Monitoring key support and resistance levels in different timeframes, along with volume and RSI confirmations, is essential for making informed trading decisions. Keep an eye on market trends and news updates to adapt your strategy accordingly. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
XAUUSD 1H - Consolidations Trading Setups - C.I.R.C. MethodThe chart above showcases various consolidations and their formation dynamics. Consolidation, Initiation, Retracement, Continuation (CIRC) Consolidations What are “consolidations”? Consolidations, often labeled as “ranges” in mainstream trading, hold a deeper meaning at T.T.T. Here, consolidations are the playgrounds of the BFI, zones where prices oscillate between highs and lows, as illustrated below. Within these confines, intentions simmer as BFI stack orders to propel future price movements. We confidently trade consolidations, fully aware of the intricate dynamics unfolding within the market’s underbelly.
TVC:GOLDEducation
by Anonymous_Analyst