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Consolidation

BLUR Consolidating For Next Leg$BLUR Price action is bullish remaining well above the 100ema and consolidating inside of the local range high/low. Nothing wrong with this chart, even if we get some volatility over the coming days. Failed reclaim of the range eq (red zone) for the 3rd time now. I like to see range eq's reclaimed as my version of 'confirmation' before taking an entry, so nothing different with BLUR. More consolidating would be bullish imo, as we have already reclaimed a major level (green) which should set the base level for our next leg up. Path on chart for what I anticipate. Cheers, Vatsik
Long
by cryptovatsik
3
XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish. I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure. Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
CRYPTO:XRPUSDLong
by Valentv
20
🥇 GOLD - The 2040 level plays an important role Gold does not update the minimum and maximum, forming consolidation, as the market is now undecided with the further direction. For the whole week, important news is published today, which the market is waiting for. Regarding the consolidation, we have 2 scenarios. Because of the impending news, there are several scenarios: 1) 2040 resistance plays a key role 2) If the level is broken on the news, a price consolidation above the level will provide an entry point for a rise 3) But, if the news is bad for gold, a false breakdown could form 4) Local trend is bearish, global trend is bullish
OANDA:XAUUSD
by Gold-Tech
1
🇬🇧 GBPAUD 🇦🇺 - Rising or falling? A breakthrough will determGBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction Consolidation can lead to both ups and downs: 1) The market is testing a strong resistance level at 1.90150. 2) Consolidation is formed directly at the level of 1.90150. 3) Range boundaries are formed, the break of which will determine the further direction 4) Break of the support at 1.8939 - decline 5) Break of resistance 1.903 - growth
by Gold-Tech
1
USDCAD → NFP may strengthen the currency pairFX:USDCAD is forming a local resistance level at 1.3364 and pre-breakdown consolidation before the news. There is a chance that price could consolidate. On D1 we see the formation of a global sideways range. Hence, we are using a range trading strategy in the global perspective. A false break of support forms a signal that price is now heading upwards. Yesterday, the TVC:DXY received fundamentally positive data that could strengthen the price, and also this data (Initial Jobless Claims, ADP NonFarm EC) is a prerequisite that today's Nonfarm Payrolls will also be bullish for the dollar. In this case, the currency pair may break the nearest resistance at 1.3364 and continue its growth. Support levels: 1.3315 Resistance levels: 1.3364, 1.3487 There is an empty space up to the target, therefore, if the nearest resistance is broken, the price will easily and quickly reach 1.3487 Regards R. Linda!
Long
by RLinda
2
GBPUSD → News ahead. The pound could fall, but...The pound sterling FX:GBPUSD declines in the first half to 1.2615, and on Wednesday the currency pair strengthens in anticipation of news in the US market. What should we prepare for? Today we are in anticipation of strong news: ADP NonFarm EC, Initial Jobless Claims, SP PMI . Fundamentally, analysts expect the TVC:DXY to strengthen based on the expected data. This will have a corresponding effect on the forex market. The actual data can either meet or break these expectations. But, the Fed has recently said that they are fully prepared to raise interest rates, trying to keep the market in a tight grip. Technically, the GBPUSD may head towards the support of the upside range of 1.2550 - 1.2506. A correction phase is forming after a false breakdown of the resistance. The area of interest is below 1.2615. Until the news publication, until 13:15 - 14:45 the market may be in a neutral state. Resistance levels: 1.2715, 1.2784 Support levels: 1.2615, 1.2506 Technically, the currency pair may fall after the price fixation below 1.2715. But, if the news comes out worse than expected, it may strengthen the pair and the currency pair may start to grow from this level. Regards R. Linda!
Short
by RLinda
3
DAX - those EMAs last intersected on November 6thHello Traders, Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high. The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these two averages crossed was on November 6th, and today they intersect again for the first time since that period. Could this signal a weakening of the trend or even a reversal? Currently, I expect consolidation at these levels as the market seeks acceptance. However, in my opinion, the key will be the 16600 level. If it is positively accepted and the price bounces off from it upwards, I would anticipate a natural continuation of the upward trend. Conversely, if the price breaks through this average at the 16600 level and is accepted from below, a reversal of the trend downwards is likely. In this scenario, I would consider short positions in the range of 15774 to 15352.
EUREX:FDAX1!
by Vezzeris
Very basic understanding of support and resistance areas (2 min)In trading, support and resistance are key concepts that help traders analyze price movements and make informed decisions. Here's a basic explanation: Support: Definition: Support is a price level at which a financial instrument (like a stock, currency pair, or commodity) tends to stop falling and may even bounce back up due to buyers. Analogy: Think of support like a floor that prevents the price from falling further. It's a level where buyers are more inclined to enter the market, seeing the current price as attractive. Resistance: Definition: Resistance is a price level at which a financial instrument tends to stop rising and may face difficulty moving higher due to seller pressure. Analogy: Picture resistance as a ceiling that prevents the price from going higher. It's a level where sellers may be more active, considering the current price as too high. In summary, support and resistance are like psychological levels in the market where buying and selling interest tends to cluster. Traders use these levels to make decisions about when to enter or exit trades, set stop-loss orders, or identify potential trend reversals. When the price approaches support, traders may look for buying opportunities, while at resistance, they may consider selling or taking profits.
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NYSE:NIOEducation
by ThePrintingRoom
5
HelenP. I Bitcoin can break support level and fall to trend lineHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the trend line and then rebounded and in a short time rose to support 2, which coincided with the support zone. Soon, BTC broke this level and started to trades in consolidation, where it first rose to support 1, which coincided with the resistance zone, but at once rebounded back to support 1. Then price three time tried to rise, but only the third time, when BTC declined to the trend line, it rebounded and made a strong impulse up to 45850 points, thereby breaking support 1, and exited from consolidation. After this movement, the price made a correction to the 44650 - 45200 resistance zone, and not long time ago it rebounded from this zone. But now, BTC trades in this zone again, so I think that the price can fall to the support level and try to break it. If Bitcoin breaks this level, it will continue to decline, therefore I set my target at the 42550 level, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
7
EURUSD → Bulls can show good growth FOREXCOM:EURUSD is testing support in the upside plane. The support at 1.1017 plays a key role On D1 we see the formation of a retest of 1.1000 level after its break. The market may test this area not only by touching it, but also by false breakout before further growth. The TVC:DXY is likely to continue its weakening on the back of weak fundamental background, which will affect the forex market accordingly. On H4 and H1 it is worth paying attention to the support area: 1.100 level and upward support in order to make further decisions. Resistance levels: 1.108, 1.1142 Support levels: 1.107, 1.100, 1.0930 The price may test not only the nearest support, but also the one below. Everything depends on the price reaction to the mentioned levels. But at the moment we expect growth from 1.1017. Regards R. Linda!
Long
by RLinda
12
ACHUSD: Bullish Consolidation Above Support LineBack in October ACHUSDT confirmed a Double Bottom at the PCZ of a Bullish Gartley and has since climbed back above the major Support/Resistance Zone represented by the green horizontal line as well as the 200 SMA and 55EMA and has formed a Channel of Ascending Consolidation. In addition, it is doing this while trading to the right of a previously Bearish Trend line, so if we can get some true follow through from this action, I would be looking for a 50%, 61.8%, and 0.886% retrace target.
Long
by RizeSenpai
2
INDIAN BANK multiyear breakout attempt Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range. Further stock needs to give breakout and close above the previous two months levels i.e 460. Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock. Re-Test level is 380-390
NSE:INDIANBLong
by shalinitomar
1
FETCH AI ($FET) - Bullish Scenario to 90 Cents Fetch is currently testing monthly resistance (red) and above a significant macro support level (green) with a lower time frame range that has formed in the current PA. I see additional consolidation before a next leg up to 90 cents. Currently monitoring for a long setup lower down toward the range's lower quarter quadrant, but want to see a low establish and reclaim the eq and continued strength up. Consolidation here is bullish under macro resistance, so long as the market does not get exhausted before this trade can materialize. Invalidated on a break of the range low. **Disclaimer - entry is not from here and should be taken from lower** Cheers, Vatsik
Long
by cryptovatsik
GOLD → Consolidation on weak fundamental background FOREXCOM:XAUUSD remains within consolidation for several days. The market stands still due to the uncertain fundamental environment. The CAPITALCOM:DXY stands in a narrow consolidation, but at the same time forms an ascending triangle, which can be interpreted as bullish consolidation, pushing the price to resistance with the aim of breaking the limit resistance level. If the dollar starts to strengthen, which is expected on the background of the pattern, gold will then start to realize the scenario we expect. Fundamentally, on Friday and Monday, Fed officials made it clear to the market that Powell said nonsense about the rate easing discussion and started to put things in order: a rate cut is possible in March, but it is too early to discuss it now, as inflation is still high and a rate hike is possible. Hence, this is a negative fundamental backdrop for gold. Gold is now in consolidation and heading towards resistance for a retest before a possible fall. Support levels: 2023, 2020, 2010 Resistance levels: 2030, 2033.6 There is a high chance that after the resistance is retested, gold will start a downward phase, as below the above mentioned zones and below the lows there is an area of interest to the market maker - areas of imbalance formed on the background of the strongest rally a few weeks ago. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
🇬🇧 GBPUSD 🇺🇸 - Correction within the ascending channel The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel. The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling. Suggested decline ↓: 1) false break of channel resistance 2) false break of 1.273 resistance 3) support retest 4) Consolidation before breakout 5) Correction phase
Short
by Gold-Tech
2
Dynatrace Inc. ($DT): Tech Momentum and Profit PotentialCompany Overview: Dynatrace Inc. ( NYSE:DT ) operates in the Technology sector, focusing on Software - Application development. As a USA-based company, Dynatrace plays a pivotal role in the ever-evolving landscape of software solutions. Analysis Summary: Dynatrace Inc. exhibits strong market signals, characterized by Pull Back (PB), Pocket Pivot, Accumulation, and Bullish Price Volume. In the Technology sector, the stock displays a Relative Strength of 1.45, outperforming its sector and boasting a notable 2.98 against the SP500, indicating a robust competitive position. The Up/Down (U/D) Ratios for both 50 and 15 days reveal a favorable market sentiment, showcasing a consistent trend of positive price movements. The detected base depth of 27.64% underscores the potential for sustained growth, positioning NYSE:DT as an attractive option in the software application sector. Recent market dynamics indicate a bullish trend, with the last closing price hovering -2.22% away from base resistance. The volume, surging 47.2% above its 15-day average, reflects strong investor interest and participation in the stock. Over the past 10 days, Dynatrace Inc. has shown rising trends in price, volume, and accumulation, indicating a positive market sentiment. The stock's resilience is further evident as it rises above its 50-day Exponential Moving Average (EMA). Historically, local tops for Dynatrace are observed when the price closes around 23.7% above its 50 EMA. With the current closing price at a modest 7.16% deviation from the 50 EMA, there is potential for further upward movement. Trade Idea: A strategic entry at $54.73, slightly above the last closing price, aligns with the observed market signals. To manage risks effectively, a well-placed stop loss at $53.45, based on recent lows, provides a safety net for investors. With a calculated potential upside of 16.34%, the price target of $63.56 offers investors a clear projection. A 6.71 Reward-to-Risk (R/R) ratio positions the trade as an attractive opportunity. Investors entering at $54.73 should monitor market developments closely, utilizing the stop loss as a safeguard in this dynamic software application play.
NYSE:DTLong
by HaseebKhan_90
🥇 GOLD - Targets are much lower. The session starts with a dropThe selling continues. Markets are leading the price towards the global target, where the rally started, due to heavy buying volumes. The weak fundamental background related to NFP, Initial Jobless Claims, supports the dollar, on which background gold will weaken The beginning of correction ↓: 1) Breakout of local support lines 2) Accumulation before further decline 3) Downward triangle 4) Market continues to update lows 5) Weak fundamental background
OANDA:XAUUSDShort
by Gold-Tech
6
Is $MDXG ready to move higher from here?Mimedx Group Inc ( NASDAQ:MDXG ) Analysis Sector: Healthcare - Biotechnology | Country: USA Company Overview: Mimedx Group Inc, operating in the dynamic biotechnology sector, holds a prominent position in the healthcare industry. With a focus on innovation and biotechnological advancements, the company plays a crucial role in shaping the future of healthcare solutions, contributing to its prominence in the small-cap segment. Performance Metrics: NASDAQ:MDXG showcases compelling signals and robust performance metrics within the small-cap segment, underscoring its potential for growth and resilience in the biotechnology sector. Relative Strength: Exhibiting a strong relative strength of 6.49 against the sector and 2.48 against the S&P500, NASDAQ:MDXG demonstrates significant outperformance, emphasizing its competitive advantage and market positioning. U/D Ratios: With U/D ratios standing at 1.42 (50 days) and an impressive 4.92 (15 days), NASDAQ:MDXG reflects positive market sentiment, highlighting recent bullish activity and supporting a favorable outlook. Detected Base Depth: A robust detected base depth of 50.88% signifies a substantial foundational level, indicating potential for significant upward movement. Price Dynamics: The last closing price's deviation of -7.09% from base resistance suggests a current undervaluation, positioning NASDAQ:MDXG strategically for potential breakout opportunities. Current volume, standing at 26.95% above the 15-day average, indicates heightened investor interest and active participation, contributing to a positive sentiment among market participants. Recent candlestick patterns reveal a 1.4% range in the last candle body and a solid 64.0% closing range, indicating recent price stability and a robust closing stance. Short-term Trends: Over the last 10 days, NASDAQ:MDXG has experienced a rising price, accompanied by increasing volume and accumulation. This alignment suggests a bullish sentiment among investors, supported by short-term positive trends. EMA Analysis: Historical EMA patterns indicate that NASDAQ:MDXG typically encounters local tops when the price closes around 52.01% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 13.33% away from the 50 EMA, providing insights into potential correction levels. Trade Idea: With an entry point set at $8.09, the trade idea presents an early entry opportunity based on current market dynamics. A disciplined stop loss at $7.77 mitigates risk at 4%, aligning with prudent risk management principles. The trade targets an attractive 9.62 Risk-Reward (RR) ratio, with a target price of $11.2, anticipating a total profit of 38.48%. Conclusion: Mimedx Group Inc ( NASDAQ:MDXG ) emerges as a promising player in the biotechnology sector, backed by impressive relative strength, positive short-term trends, and insightful EMA dynamics. The proposed trade idea aligns with an early entry strategy, presenting an attractive risk-reward profile for investors seeking opportunities in the evolving landscape of biotechnological advancements.
NASDAQ:MDXGLong
by HaseebKhan_90
EURUSD → A retest of support will show further potential FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline. The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed. EURUSD is currently in correction on the background of bullish trend. Key support area: 1.0840-1.0830. The market is likely to test this area in the format of a false breakdown, as there is a strong support zone in this area. Consolidation above this area will give a potential for buying. It is also worth paying attention to the fact that below the support is MA-200, which can also favorably affect the market recovery. But, on D1 the market is not reacting to the previously formed false support breakout. If the price continues to form a squeeze to the support at 1.0844 - 1.0830, we should expect a breakout attempt with a phase of further decline to 1.08 - 1.07. Support levels: 1.0844, 1.0830, 1.0777 Resistance levels: 1.08875, 1.0965 A retest of the support area will show further potential. False breakout will give the opportunity to buy, and the breakout and consolidation of the price below the area will return the price to the channel. Regards R. Linda!
Long
by RLinda
17
HelenP. I Ripple can make small movement up and then bounce downHi folks today I'm prepared for you Ripple analytics. Some time ago price declined to the 0.6700 resistance level, which coincided with the resistance zone, and in a short time broke it. After this, the price some time traded near this level and then continued to decline to the 0.6000 support level, which coincided with the support zone. As well, Ripple entered to consolidation, where it first tried to rise, but failed and declined until to support zone. Later XRP rose higher than the 0.6000 level, but soon price fell back to the support zone and even lower. After this movement, Ripple rebounded back to consolidation, made a correction to the support zone, and continued to trades in this range. A few time later price rebounded from this zone and rose to 0.6400 points, but recently it a little fell. For this reason, I expect that Ripple can make a small movement up and then rebound down to the support zone. That's why I set my target at the 0.5900 level, which is located in this zone. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
10