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$ETH going to the moon!BINANCE:ETHUSDT.P Repeat this trade. On the chart we can see that the correction I mentioned earlier is underway. The price is now at the Fibonacci level, which could be the reversal point of this movement. Also, the price may go a little lower to gain more volume at the support level. After that a longing pattern will be formed. And the movement will continue towards the strong resistance level and there will be a final denouement. If the price is able to break the resistance level, we will go to take a take, if not, we will have to move the stop. Subscribe to my reviews at the link below in the Signature.
Long
by DirectorTradinga
SILVER Sellers In Panic! BUY! My dear followers, I analysed this chart on SILVER and concluded the following: The market is trading on 32.966 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 33.538 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
1
EUR/JPY Analysis: Bullish Momentum Supported by ECB-BoJ Policy The EUR/JPY pair currently shows potential for upward movement, supported primarily by the ongoing divergence in monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ). The ECB's hawkish stance, involving rate hikes to manage inflation, contrasts sharply with the BoJ's ongoing zero-interest-rate policy and quantitative easing. This divergence has historically supported the Euro's appreciation against the Yen, as investors favor higher-yielding currencies. Technical Analysis Insights: Trend Indicators: The overall trend indicators, including moving averages, lean bullish on higher time frames. Shorter-term moving averages confirm the upward momentum, aligning with the macroeconomic outlook favoring the Euro. Oscillators: Most oscillators currently show neutrality, with some indicating a buy, suggesting that while momentum remains positive, the pair could experience periods of consolidation​. Resistance and Support Levels: Key resistance is identified near recent highs, while support rests around significant moving average levels and prior swing lows. This setup suggests that, although the current momentum is upward, any risk sentiment shift or unforeseen economic events could lead to volatility, impacting the upward trend. Prediction Given these indicators and the fundamental backdrop, the EUR/JPY is likely to maintain a gradual bullish trend in the short to medium term, with potential fluctuations depending on global economic factors and any shifts in the ECB or BoJ's policy stance. Note: There is an OPEN GAP at lower levels. Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always consider your risk tolerance and consult with a financial advisor before making trading decisions.
by TheMotivationalProfessor
Diwali gift for all Ready for reversal trend1. Wait for a Clear Breakout Entry Condition: A strong monthly close above the descending channel, ideally near or above the first target level of 272 INR. This would indicate that the long-term downtrend might be breaking, showing potential for a reversal. Volume Confirmation: Look for increased volume to confirm buying interest. A breakout with strong volume typically indicates institutional participation, which could drive prices higher. Target Zones: If a breakout occurs, you could aim for Targets 2 and 3 on the chart (428 and 742 INR, respectively) as mid- to long-term targets. 2. Support-Based Entry with a Stop-Loss Entry Condition: If the price reaches the lower support area around 153-164 INR and shows signs of consolidation or buying interest (such as bullish candlesticks or volume spikes), it could be an opportunity to buy at a discount. Stop-Loss: Set a stop-loss just below the support, around 150 INR or slightly lower, to manage risk in case the stock continues to fall. Profit Targets: You could aim for Target 1 (272 INR) initially, then reassess if it continues upward. 3. Gradual Accumulation (DCA Approach) Entry Condition: If you believe in the company’s long-term potential but the technicals are still unclear, you could consider dollar-cost averaging (DCA) over time. This approach reduces the risk of buying all at once and allows you to take advantage of lower prices if the stock declines further. Accumulation Zones: Consider accumulating in the 150-180 INR range, as it offers potential support and a relatively lower-risk entry zone. Exit Plan: Re-evaluate when it reaches key resistance levels, especially around the 272 INR level, to decide if you want to continue holding or book partial profits. 4. Look for Bullish Reversal Signals Entry Condition: Watch for reversal patterns like a bullish engulfing candle, double bottom, or RSI divergence around the support area. These signals could indicate a potential upward move. Volume and Momentum Indicators: Pay attention to indicators like MACD or RSI on the weekly/monthly chart for bullish crossovers, suggesting that momentum could be shifting in favour of buyers. Important Considerations Market Sentiment: Given the overall downtrend, be mindful of broader market conditions, especially for the banking sector. Fundamental Check: Combine this technical approach with a look at Bandhan Bank's recent financial performance, management commentary, and sector trends, as these factors can affect price movement significantly. Risk Management: Set stop-loss orders and be disciplined about adhering to them to protect your capital, especially in a volatile or uncertain market. This approach is purely technical, so it's wise to balance it with a thorough understanding of the company's fundamentals and any recent news that might impact its long-term performance.
BSE:BANDHANBNKLong
by wilsonmangalore7143
MIDCAP NIFTY S/R for 4/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
N
by zenthosh
Bitcoin and altcoin overview (November 01-02)Yesterday, Bitcoin reached the lower boundary of the volume zone at $71,000 but showed no reaction and consolidated below this level. Currently, we are in a local downtrend and have already approached the nearest buyer zone at $70,000-$68,900 (push volumes). For now, the scenario of a quick update to the all-time high is on hold. At this moment, there is no strong reaction from buyers, so even if a bounce occurs, we expect a resumption of the downtrend from new selling zones. Selling zones: $71,000 (lower boundary of the large volume zone, mirror zone), $72,000-$73,000 (area of volume anomalies). Buying zones: $67,500-$66,800 (maximum volume of the sideways movement), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity). Interesting altcoins: For BICO , we’re considering two short-position scenarios: (1) consolidation below the volume zone of $0.225-$0.217, with a short on the retest, and (2) a false breakout of the local high at $0.2357.
by Crypto_robotics
GBPUSD - May Restore#trading_idea #GBPUSD 💡 💸Sterling - Why did the pound drop, and what should we do about it? The pound has fallen in anticipation of new data on tax cuts and energy subsidies in the UK. We could follow the tried-and-true approach — buy the dip. Here’s what to watch out for. On the 1-hour chart, the price is trying to rebound from the support 1.288. The MACD points to the possible rise. However Parabolic SAR showing the pressure on the pair. Additionally, the price is still below the 10 and 20 MA. 🔼If the price break up 1.209 we may see further rise to 1.2947. 🔽Alternatively, the price may retest the support 1.288. What do you think? 😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide. ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME HELLO TRADERS Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline. Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support. Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines. Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Short
by ArinaKarayi
BTC 5D INDEX Perfect Chart w/ 2 Retests Mapped out weeks ago combining diagonals in White and Horizontals in Yellow & Blue. Fib Extension with measured move to GETTEX:87K is white also. Used Closers of the 5 day time frame. First re-test was on the upper white diagonal. Then popped up with in $$'s of previous ATH and then came back to retest the yellow horizontal. Next should , or possibly, never 100%, but break up thru ATH then re-test that move and level in Blue. Then GETTEX:87K and that Fib retracement, whitte, used as an extension from ATH to most current low extrapolates the 1.618 very close to the measyred move, probably Kiss $90K but 87 is safer trade
INDEX:BTCUSDLong
by Chefrusty
Near/BTC POTTENTIAL PUSH 115% - 1078% !!!!!!!!!NEAR/BTC Analysis - Weekly Timeframe NEAR/BTC has been trading within a demand zone that’s historically acted as a strong support level, and the price appears to be gearing up for a potential bounce. Here are the key targets and observations from the chart: Key Targets and Potential Upside Target 1: 0.00006575 BTC This level represents an initial 115.82% gain from the current price. It’s the first significant resistance within the current channel and would likely serve as an initial profit-taking zone. Target 2: 0.00019632 BTC A further target with a potential gain of 334.91%. This level aligns with historical highs, where NEAR previously encountered selling pressure. If momentum continues, this could act as the next resistance. Target 3: 0.00025003 BTC A medium-to-long-term target with a potential increase of 433.38%. This level is in a previous high-demand area and could be reached if NEAR maintains its bullish structure. Target 4: 0.00054233 BTC A more aggressive target, suggesting a gain of 973.22%. Achieving this level would indicate a major breakout and likely a shift in NEAR’s overall market cycle. Ultimate Target: 0.00060214 BTC A high-end target, representing a 1078.85% gain from the current price. Reaching this level would imply a strong bull run and could align with a significant shift in market sentiment. Disclaimer: ⚠️ This is not financial advice! All information provided is for educational purposes only. Always conduct your own research before making any investment decisions. Trading carries a high risk and may result in the loss of capital.
Long
by RhinoAkaBear