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Video - Powerful EUR Fundamentals - AI suggests Technicals AlignGreetings, fellow investors, and welcome traders! I t's a video tutorial to share the knowledge behind my charts. If you're tuned, I'll continue sharing follow-up AI and FOREX content because there's much to learn from each other. T oday, I'm excited to share with you a fascinating generative chart I've created using a deep learning neural AI. This advanced technology enables us to analyze historical price data and identify potential future price movements. I t's a bullish trend, with daily candles aligned in an upward trajectory. I've initiated a long position at the support level, and our AI analysis indicates the potential for further growth up to the resistance level. While we might encounter a slight pullback below the double resistance, it's important to note that investor sentiment doesn't suggest any significant bearish signals. S tay tuned for follow-up content where we'll delve into more trading scenarios and strategies. It's not an investment advice. Kind regards, Ely
Long
by Elysian_Mind
2
Entering bull market?Bitcoin has officially entered the bull market, with closing above 20WMA the previous week and 20WMA crossing 100WMA this week, which is technically the start of a bull market. Now we also know that historically, when bitcoin keeps above the 20-week moving average line, altcoins tend to outperform it. What is the situation with VeChain now? We can see that VeChain has also broken above 20WMA with good momentum, although it might test it again for confirmation, also it has broken out of the falling wedge drawn, which is also a positive sign for upward momentum. Overall it never is just a straight row of green candles. We must also consider the orange line of resistance, which was tested twice before and never broke through, the line is also a 0.382 Fibonacci resistance level, which is quite significant. So in the following weeks, we might see the test of this price level and then return to test the 20WMA, if it holds we might confidentially confirm the official start of the bull market of VeChain.
BINANCE:VETUSDLong
by RejaA
Green Energy Investments Propel MGM Resorts (NYSE: MGM)MGM Resorts Riding the Bullish Wave MGM Resorts (MGM) is currently riding a bullish wave on the New York Stock Exchange (NYSE). The company's stock has surged in response to strategic moves towards sustainable practices and green energy investments. This shift has resonated with investors seeking environmentally conscious opportunities, propelling MGM to the forefront of ESG (Environmental, Social, and Governance) trends. Additionally, strong financial performance and the reopening of resorts and casinos post-pandemic have contributed to this bullish trend. Technical indicators, such as the Relative Strength Index (RSI) and Simple Moving Averages (SMA), confirm the upward momentum, suggesting that MGM's positive trajectory may continue in the near term.
NYSE:MGMLong
by DEXWireNews
Does this look bearish?I see many posts around about a HS forming in the daily timeframe and waiting for a mayor correction. But when we switch over to the weekly timeframe the uptrend still strong and the bottom of the channel still a strong resistance. My bias will change if price breaks down the channel in the weekly timeframe and confirms it with another weekly candle. We may see another visit to the bottom of the channel but while price is trading within the channel I don't see any bear market.
NASDAQ:QQQ
by ArturoL
5
USD/CHF Scalp strategies - Approaching HTF 6.6 R:R shortAs I mentioned in my setups last week, we broke out of a HTF triangle to the downside. We are currently in an uptrend pullback but are at 2 key retrace levels on the fib from recent swing high and low that we can target as scalp trades prior to taking our longer term short trade. Since we just broke out of a strong downtrend trend line to the upside, we expect an upside push for further liquidity. Confluence for upside scalps: 1. Breakout of strong downward channel - Short term upside momentum 2. Approaching 61.8% retrace level which lines up perfectly with the bottom of the triangle that we broke out of. 3. 70.7% level is sitting right at the bottom of a strong unmitigated supply zone which was created by the former swing high. Sellers could use this zone for larger push to downside (and trend continuation) If price does not fail at this 50% resistance level with strong volume, I expect first a retest of the 61.8% retrace level at .8930 (80 pip profit) and if break that level we will be expecting price to mitigate the 70.7% level and supply zone above at the .898 level (125 pip profit). This gives us multiple scalp opportunities to the upside prior to taking our large short trade (6.6 R:R) once price reaches these supply zone levels.
Long
by ReigningTrades
LNWY- a fintech company announces stock repurchase LONGLendway had a big start to the week with the after-effects of the repurchase program driving stock price higher. On the 15-minute chart- the abrupt change in momentum from a peak on Friday at the lunch hour into a low in the pre-market on Monday with a V-shaped move down and up again and then a monster move from there and a fade after that. LNWY seems to have moved into a parallel channel with a trend slope/ angle of about 25% the ZL MACD shows a line cross under the histogram which went red to green. I will take a long trade here. the stop loss is under the new trend line at 4.45 while the final target is at the top of the upper resistance trend line at 7.25. An initial target is set about halfway in between them at 6.00 This is a stock with high current volatility given the intention to buy back 400.000 shares in a relatively low float environment. ( www.stocktitan.net ) I anticipate high profile with a relatively low risk. There are no options available to either hedge or amplify risk.
NASDAQ:LDWYLong
by AwesomeAvani
1
$LINK; LONG SETUP- PENDINGHello friends, This is a free of charge BIST:LINK setup for everyone to share and enjoy. However, this is PENDING and AWAITING for more confirmation. I will update all when the trade is a go and or no go. Arguments- A beautiful bullish pat pattern has flew from the caves and printed a local double bottom right around the .786 fib which is the GOLD standard when looking for areas of potential reversal. Now, we are above a infliction point, HOWEVER it is still awaiting that confirmation hence why the trade is still PENDING, as of now. We see on the oscillator's that regular class a bullish divergence has also developed and is in the process of follow through i.e price action. My stop loss shouldn't be your standard, as everyone has different strategies, however this is something that I would do. This is not trading advise and this trade is not active. This is me sizing up an asset and waiting for the alert to hit send ;) GLHF
BITFINEX:LINKUSDLong
by BShellhammer
TATACHEM - Bullish Consolidation BreakoutNSE: TATACHEM is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:TATACHEMLong
by BrahmaBull31