NEAR/USDT TRADE SETUP! #NEAR:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Be prepared to add more positions if the price drops to $3.34. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $3.52, $3.6, $3.78, $4.01, and $4.2. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Set a stop-loss at $3.236. This level is chosen to limit potential losses and effectively manage risk.
Leverage:
The recommendation advises maintaining low leverage and entering the market at the lowest possible price. It suggests a gradual entry approach and encourages traders to avoid sudden decisions. Using leverage cautiously is crucial to minimize risk.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the importance of conducting personal research for informed decision-making.
Includes "NFA" (No Financial Advice), emphasizing that the provided information is not a recommendation for financial decisions.
In summary, the recommendation outlines a trading strategy for #NEAR, providing specific entry points, target prices, and a stop-loss level for risk management. It emphasizes caution with leverage, gradual entry, and the necessity of conducting personal research. As always, the information is not financial advice.
Buyopportunity
Riding the Upswing: #AVAX Long Trade Setup with Entry Strategies#AVAX long trade setup:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Add more positions up to $37.4. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $41.5, $43.2, $44.7, $47, and $50. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Implement a mandatory stop-loss at $35.45. This level is chosen to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside.
Leverage:
The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice.
In summary, the recommendation outlines a long trade setup for #AVAX, providing specific entry points, target prices, and a mandatory stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
"Capitalizing on Opportunities: #1000RATS Long Trade Setup!#1000RATS long trade setup:
Entry Point:
Buy at CMP: Consider entering the trade at the Current Market Price (CMP), taking advantage of the current market conditions.
Additional Entry: Add more positions up to $0.239. This level is identified as a potential strategic buying opportunity.
Target Prices:
Set specific target prices at $0.304, $0.333, $0.405, $0.456, and $0.542. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
Implement a mandatory stop-loss at $0.2143. This level is chosen to effectively manage potential losses. A stop-loss is a risk management tool that automatically sells the asset if the price reaches a specified level, limiting potential downside.
Leverage:
The recommendation suggests utilizing leverage based on individual risk appetite. It emphasizes the importance of exercising caution and choosing leverage wisely. Leverage amplifies both potential profits and potential losses, so it should be used with care.
Cautionary Note:
Reminds traders to do their own research (DYOR) before making any trading decisions. This reinforces the idea that the provided information is not financial advice.
In summary, the recommendation outlines a long trade setup for #1000RATS, providing specific entry points, target prices, and a mandatory stop-loss level for risk management. It also advises caution with leverage and underscores the significance of conducting personal research. As always, the information is not financial advice.
A Tactical Approach to #BLZ/USDT Trading with Strong Support!#BLZ/USDT pair:
Technical Analysis:
Strong Support Level: The current scenario indicates that BJD is above a strong support level, suggesting a potential rebound in the price.
Entry Point:
Buy at CMP: Consider buying at the Current Market Price (CMP), taking advantage of the current position above the strong support level.
Additional Entry: Add more positions if the price drops to 0.3307, using this level as an additional buying opportunity.
Target Prices:
Set specific target prices at $0.37540, $0.4, $0.43, and $0.49. These levels represent potential profit-taking points as the price moves upward.
Stop Loss (SL):
To manage risk, set a Stop Loss (SL) at 0.3205. This level is chosen to limit potential losses in case the market doesn't move as expected.
Risk-Reward Ratio (R:R):
The Risk-Reward Ratio is mentioned as 1:6, indicating a favorable ratio. This means that for every unit of risk (1), there is the potential for six units of reward.
Cautionary Note:
Emphasizes the importance of exercising caution with leverage and aligning it with individual risk tolerance. The suggestion is to use leverage conservatively to avoid significant losses.
Reminds traders to conduct their own research (DYOR) before making any trading decisions, and clarifies that the provided information is not financial advice.
In summary, the recommendation suggests a bullish stance on #BLZ/USDT based on the strong support level. It provides specific entry points, target prices, and a risk management strategy, while also advising caution with leverage and emphasizing the importance of conducting personal research. As always, the information provided is not financial advice.
Bullish on $SHOPNYSE:SHOP Shopify Inc. ( NYSE:SHOP ) is currently experiencing a bullish momentum in the market, with its recent breakthrough of the $68 resistance level.
This surge in price action has captured the attention of investors and analysts, as the stock is now targeting the next major price point at $89 (Will be taking partial profit at this level) and ultimately aiming for $150 price point.
The upward trend in Shopify's stock performance can be attributed to several factors, including the company's strong market presence and innovative approach to e-commerce solutions. As the digital landscape continues to evolve, Shopify has consistently demonstrated its ability to adapt and capitalize on emerging trends, making it an attractive option for investors seeking growth opportunities.
The recent financial results have showcased Shopify's robust revenue growth and strong market positioning. These factors have contributed to the bullish sentiment surrounding the stock, as investors anticipate further growth and potential price appreciation in the near future.
Waiting for candler confirmation on latest high to break. We've experienced some turbulence or in other words.... resistance with price since it's been on the down-slop since January 5th 2024.
Price seemly wants to break that down trended cycle by picking up momentum and making a new structure to the upside. It's tested the 2035.80 area/zone earlier today (Jan 08 2024) around approximately 11:00am EST during the course of New York session and by the looks of how price has regained momentum. It looks like it's making it's way back to the same area..
*** KEY ANALYSIS ***
-- If momentum hold's the way it is holding right now (despite slow asian session volume) I will want to see our first confirmation on the candle break and close above our zone and the latest high for the day at 2036.87.
-- Once the candle closes above that area i am aiming for my traditional 120 ($1.20) move to the upside going longs on buys with stops on candle closes anywhere below our zone at 2032.99.
EURUSD is almost ready to turn bullish again.On the the higher timeframes (W and D) EU is already bullish.
For past few days price was bearish on lower timeframes as it was retracing to grab the sell side liquidity to fuel the move to the up side.
Right now price is inside of daily discount and just above the daily imbalance ,today is news as well.
So, if the market reacted to the imbalance and gave signs of possible continuation, we can look for long entries.
Other wise we can expect a deeper push into the daily order block
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I'm back after a break, ready to share fresh analyses. Follow for updates, and if you find my content valuable, show some love with a thumbs up!
Happy trading.
USDCAD Could provide a nice bullish move due to CAD CPIThere are several reasons why we could see a bullish move in the USD/CAD currency pair:
1. **Moderating Canadian Inflation**: Multiple sources, including RBC Economics, NBF, and CIBC, suggest that Canadian inflation is expected to moderate in November. This is primarily driven by factors like a drop in gasoline prices, easing food price growth, and a slowdown in core inflation measures. A moderation in inflation can weaken the Canadian dollar (CAD) as it reduces the pressure on the Bank of Canada to raise interest rates, potentially leading to a bullish move in USD/CAD.
2. **Headline CPI within Target Range**: RBC Economics points out that the expected drop in inflation would bring the headline CPI back within the Bank of Canada's target range of 1%-3%. This suggests that there may not be excessive inflationary pressures, which can be interpreted as a positive for USD/CAD bulls.
3. **Economic Backdrop and Interest Rates**: The analysis mentions that further softening in the economic backdrop and slower price growth should reinforce the idea that the Bank of Canada is unlikely to hike interest rates further in the near term. This anticipation of a pause in rate hikes can weigh on the CAD, making USD/CAD more attractive to traders.
4. **Core Inflation Deceleration**: The expectation of continued deceleration in core inflation measures, such as CPI-trim and CPI-median, indicates that underlying inflationary pressures may not be a concern. This can weaken the CAD and support a bullish move in USD/CAD.
5. **Caution Regarding Rate Cuts**: It's worth noting that the central banks, including the Bank of Canada, are expected to be cautious about declaring victory over inflation too early and pivoting to rate cuts. However, the anticipation of an extended pause in rate hikes rather than an immediate pivot to rate cuts can be seen as a positive factor for USD/CAD bulls.
In conclusion, the expected moderation in Canadian inflation, the potential return of headline CPI within the target range, the economic backdrop, and the likelihood of a pause in rate hikes by the Bank of Canada, along with continued core inflation deceleration, are factors that could support a bullish move in USD/CAD.
Decision week of 2023, gold price above $2000?✍️ NOVA hello everyone, Let's comment on gold price Decision week of 2023:18/12 - 22/12/2023
🔥 World situation:
After the FED meeting on keeping interest rates unchanged, Gold prices have increased sharply again and the chance of ending the year above $2000 is huge. Because the last week of 2023 does not have important economic data and investor psychology is also very satisfied with the current Gold price.
🔥 Identify:
Prices will stabilize above $2000 to end a successful year for Gold
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H1 frame, NOVA identifies the important key areas as follows:
Resistance: $2043
Support : $2008, $1995
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
"CFX/USDT Long Trade Setup: Bullish Flag Breakout and Retest foTrade Setup for CFX/USDT: Long Position
Analysis:
CFX has broken out of a bullish flag pattern, indicating a potential upward trend.
The current price (CMP) serves as the entry point.
The breakout is being retested, suggesting a potential confirmation of the bullish move.
Entry Point: Current Market Price (CMP)
Additional Positions: Consider adding more if the price drops to $0.181
Targets:
$0.1945
$0.205
$0.213
$0.229
$0.25
Stop Loss (SL):
Set the Stop Loss at $0.174 to limit potential losses.
Leverage: Use leverage cautiously: 5x to 10x.
DYOR
#Crypto #trade
GBP/USD prepare for longsHere we can see a detailed look at the Wyckoff Accumulation. The question is are we in Phase E (Trend out of Range) at the end? Is it preparing to mark up, or is GBP/USD going to fall back within the Trading Range and move lower to touch the trendline? Let see on Monday! We will trade the New York session, during the European session we will monitor how the price develops.
"Breaking Resistance: #TSUKA Signals Bullish Momentum! 🚀🚀 #TSUKA Update 📈
In the daily timeframe, #TSUKA has broken a 298D resistance and is currently in the retest phase. The price is anticipated to sustain its upward trend, aiming for previous highs. Currently trading in the Buy Zone, a bullish momentum is on the horizon.
🔍 Entry: Plan to buy in this retest
🎯 Targets:
TP1: 0.0637
TP2: 0.082
TP3: ATH
🛑 SL: Close below upper support on a daily candle.
Remember to DYOR! 🚀
#Crypto #TradingAlert
Gold officially has a new peak, increasing strongly✍️ NOVA hello everyone, Let's comment on gold price next week from 4/12 - 8/12/2023
🔥 World situation:
Last Friday, after the PMI news and the FED meeting, the information was not good for the dollar, it witnessed a new milestone for Gold.
Gold price reaches a new peak in 2075. This is a previously forecast result at the end of 2023.
Although information about the war between Ukraine and Israel has gradually decreased, it is still happening. That is also the motivation for Vang to continue to increase strongly
🔥 Identify:
Currently, buying power is still very strong. Price is in a nice technical zone to continue increasing
December will still witness new record high points for Gold
🔥 Technically:
Based on the resistance and support areas of the gold price according to the D1 frame, NOVA identifies the important key areas as follows:
New Resistance: $2100, $2150
Support : $2051, $2027, $2005
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
FTSE All World Index just hit the 200MA Green light to 565.56I like looking at the Weekly chart with the FTSE World Index.
Each candle shows you price action and volume over an entire week.
The common denominator with the index is using the 200 Moving Average (Black line.
Each time the price touches or breaks below, it acts as an elastic band and springs right back up.
Well it's reached the level, tested and smart money (big institutions) have gone big and bought up the price.
Technically, it's also forming a Cup and Handle formation.
This is a bullish pattern which resembles a cup (big rounding Bottom) with a handle (small rounding bottom).
Three parts make this C&H pattern including a.
Cup (big rounding bottom),
Handle (small rounding bottom) and a
Brim level (horizontal resistance).
We just need the price to break above the brim level, before we really get traction to the upside,
First target for the index is 565.56.
This is in line with the positive sentiment world wide with America showing indication of no further hike rates, which is good for businesses, consumers and investors.
Less debt, more buying at cheaper prices and it shows stability in the market.
About the FTSE All World Index
The FTSE All-World Index is a global equity index that represents the performance of large and mid-cap stocks from around the world.
Index Provider:
The FTSE All-World Index is provided by FTSE Russell, a leading global index provider.
Global Representation:
It is designed to measure the performance of companies from both developed and emerging markets, providing a comprehensive view of the global equity market.
Large and Mid-Cap Stocks:
The index includes large and mid-cap stocks, covering a broad spectrum of companies across various sectors.
Diverse Sectors:
It encompasses companies from a wide range of sectors, including technology, healthcare, finance, consumer goods, and more.
Geographic Diversity:
The FTSE All-World Index covers stocks from multiple countries, offering investors exposure to both developed economies like the United States, Europe, and Japan, as well as emerging markets.
Benchmark for Global Investing:
Many investors and fund managers use the FTSE All-World Index as a benchmark for global equity portfolios.
Currency Exposure:
It provides exposure to various currencies as it includes companies from different countries, impacting performance based on currency movements.
End November, during the Gold price bull cycle✍️ NOVA hello everyone, Let's comment on gold price next week from , Last week of November
🔥 World situation:
At the end of the year, published US economic data showed difficulties and challenges. There are not many positive signals yet. Gold prices continue to benefit at the end of the year.
In the last week of November, there are important data such as: CB Consumer Confidence, Prelim GDP q/q, Core PCE Price Index m/m, ISM Manufacturing PMI,... otherwise the forecast will continue to support The Golden household goes up
🔥 Identify:
Observing the technical chart according to the H4 frame, Gold price is still in a very nice uptrend. This is an opportunity for Gold price to have the highest price point in 2023
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2010, $2022
Support : $1991, $1971
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
IHS confirmed , next BIG short squeeze?Long and strong IHS confirmation breakout and tested
Fundamentals:
Company fully funded and largest factory in Moses Lake has started production with recent contract signed for the next 10 years worth around 3 busd. Todays mcap is around 0.6 busd.
Guided ebidta for 2025 is 100-300 musd
Dept around 260 musd with favorable terms
Production within 3 megatrends in the U.S, semi chips, solar and batteries (silane gas)
All production sold out, but silicon anodes manufacturers ( Sila Nano, G14, Oned) has established around their Moses Lake facility in hopes for silane offtake.
Amprius and Cenate has mentioned and hopes for REC silicon silane gas, and company itself says they have discussions with multiple companies regarding silane.
REC has 70% markets share of silane gas, and it looks that replacing grafite with silicon will be the next big thing. The potential for REC silicon and its silane gas are endless the next 5 years as this explodes.
REC also has a 15% stake in Yulin factory in China, and are in proccess of selling this stake, which is valued to 150 musd. 1/4 of todays mcap just in cash!!
Proccess is going slow but we are close to an end...
This stock is worth following the next year!!
Also to mention is that due to restart and impairments, Moses Lake factory(replacement cost 1.7 busd) is zero in the books. Yulin has also been written down to zero... and revarsal of impairments would most likely be reversed next quarter, Yulin is a huge bonus with cash, and company has also recievd a large amount of pre payments in the 3 busd contract recently signed.
Today REC silicon is one of the most shorted stocks in Oslo stock exchange, but there is a huge chance of a potential short squeeze here when market discovers fully what is about to happen here....