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Dailychart

Extremely ugly invh&s currently in play on XRPUSDI have placed the measured move/breakout target line rather arbitrarily here. It wouldn’t surprise me if price action had a pullback or correction to reset some of the indicators before actually breaking above the neckline in which case the measured move breakout line(dotted line) would most likely need to be readjusted lower than where I’ve arbitrarily placed it here iin the process lowering the breakout target as well. Always a possibility that it doesn’t correct in between now and reaching the target though in which case we are looking at a target somewhere around 89-93 cents. I know many who only consider bukowski’s textbook version of an inverse head and shoulders to be one will have their skepticism about such an ugly looking example of an inverse head and shoulders, but n my experience it is the ugliest and most asymmetrical examples of inverse head and shoulders patterns that seem to have the highest percentage of being validated and reaching their full breakout targets. *not financial advce*
BITSTAMP:XRPUSD
by DrDovetail
ETHUSD price action poking above descending channelFirst breach of the top trendline of the descending channel here by the price action. We all know that price will often times dip back into a chart pattern after the ntial break above it so as of now we can’t yet say this validates the breakout of this pattern. Even though it’s more common patterns dont official validate their breakouts until the 2nd 3rd or 4th breach of a toot rendline, there are plenty of examples of patterns that have confirmed their breakout on the 1st breach of the top trendline as well so it’s wise to be prepared for either possbliity. Think a good indicator of it confirming the breakout will be once the 200ma gets flipped to sold support. The 200ma is current wick resistance. *not financial advice*
COINBASE:ETHUSD
by DrDovetail
Alert:Maruti on Edge as Lower Highs Signal Looming Support breakWhen a stock 📉 consistently makes lower highs, it signals a weakening trend, with sellers taking control. Maruti is at major support suggests a critical level where the stock might break down further, potentially accelerating the decline 🚨. Investors watch these levels closely for exit signals, as breaking support can lead to sharp price drops 📉, driven by increased selling pressure and waning confidence in the stock's prospects. However, it may also bounce bank to make another lower low, continuing the bearish trend. Daily close above 12500 is the key level to watch as it will tell us where the stock is headed. Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
NSE:MARUTIShort
by Numan_SuriyaMohammed
HUM Long 11/10/24Asset Class: Stocks Income Type: Weekly Symbol: HUM Trade Type: Long Trends: Short Term: Up Long Term: Down Set-Up Parameters: Entry: 251.55 Stop: 227.76 TP1 321.05 (3:1) Trade idea: Daily DZ DBR at breakout, with a FVG above it at 1:1 RRR. Possible trend reversal at the daily DZ !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
NYSE:HUMLong
by MESHANL
1
Quant price action currently above inverse h&s necklinePrice action is currently above the inverse head and shoulder neckline and has closed a couple candles above it on the daily timeframe. Often times price action will dip back below the neckline after this initial break above it so that is certainly possible here, however if it does validate the breakout without first dipping back below the neckline again here, I have placed the emasured move target price at the top of this dotted pink line. *not financial advice*
COINBASE:QNTUSD
by DrDovetail
BTCUSD Weekend Outlook - Small Correction Before the Pump?GM crypto bro's, happy weekend! This Sunday morning, the Fear and Greed Index is still chilling in the neutral zone at 52, while the stoch RSI remains in the overbought zone. Looking at today’s price action, there’s potential for BTC to experience a small correction, maybe down to the 61K - 60K range, before continuing its pump towards our target of 65K - 66K. Keep in mind, the market is dynamic—don’t get FOMO. Be cautious of potential corrections because anything can happen. Always manage your risk. That’s it for today’s crypto update, this is Akki signing off. One chart, one love. Have a nice day!
INDEX:BTCUSD
by x_Akki
JIO FIN SERVICES LTD, Breakout in Daily Chart with High VolumeStock : JIO FIN SERVICES LTD CMP : 344.90 Timeframe : Daily Pattern : Breakout with Volume Trade View : Bullish Price Action & Technical Analysis - Strong Bullish Candle with volume - Breakout the Resistance - MACD & Oscillators Buy Signal - Moving Average Crossovers Target 1 - 356 Target 2 - 376 Target 3 - 394 Stoploss - 325 Disclaimer : " Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades. "
NSE:JIOFINLong
by Amankuckreja
2
UJ SELL idea update - STILL LOWER POSSIBLE Weekly Wave + SMC In this extension of the original UJ Sell idea with Targets below, we back out to a weekly and look at a possible Running Flat (for Wave Traders) - we go over symmetry in the markets and aggressive corrections on weekly. Doc will show analysis for confluence and how we have targets still lower. Maybe don't 'buy the bottom yet'!! Finally a good example of lower timeframe trendline failure and how to avoid 'getting COOKED' Your trend is heading into a higher TF "BLOCKER" - its like a small car driving up to and then sitting on a train track.. you will get CRUSHED. Like and Boost this idea if you get anything from it and want me to do more of these! Happy Trading -- Doc
Short
by docholliday
BTC Holds at 60K: 65K Next?GM Crypto Bro's, this morning, the fear and greed index is at 30 (fear), and the stoch RSI has reached its overbought area. BTC is currently at 60K, and if today's candle manages to close above 60K, the chance for a pump to 64K-65K is wide open. Overall, today’s market outlook is still pretty much the same as yesterday. Keep in mind, the market is dynamic—don’t be caught up in FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always manage your risks, and as always, that’s all for today’s crypto update. I’m Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
BTC Back to Extreme Fear! What's Next?GM crypto bro's, this morning, the fear and greed index is back at 20 (extreme fear) while the stoch RSI remains in the oversold area. Yesterday's candle only reached 57,751; I thought it would go up to 58K, but it didn't. Currently, BTC has the potential to correct to around the 53K area first, then pump to our initial target of 58K. But as always, the market is unpredictable. I mentioned the potential correction to 53K before 58K, but it could pump strongly to 58K and then drop to 53K-52K. That's the excitement of the market, so always stay alert, crypto bro's. Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen. Always manage your risks, and as always, that's all for today's crypto update. I'm Akki, signing off. Have a nice day.
INDEX:BTCUSD
by x_Akki
Potential Bullish Reversal for WFI (WIF/USDT)#WIF/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a descending channel pattern forming since the peak in early 2024. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range. + The price is currently approaching a significant support zone around $1.80, which aligns with the lower boundary of the descending channel. + A breakout above the upper boundary of the channel around $2.30 could signal a potential trend reversal. + The EMA 100 (blue line) and EMA 55 (light blue line) are currently acting as dynamic resistance levels. A break above these moving averages would add to the bullish sentiment. + If the price holds above the $1.80 support level and breaks out of the descending channel, we can expect a potential move towards the $4.00 - $4.50 resistance zone. Further upside could see the price targeting the $6.50 - $7.00 levels, as indicated by the dotted arrow path. + The RSI is currently at 37.31, indicating that the asset is in the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift. + As long as the price remains above the $1.80 support level, there is a potential for a bullish reversal. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.80 with confirmation of suppor Stop Loss: $1.3 ------------------------------ Target 1: 3.042 Target 2: 4.170 Target 3: 5.0 Target 4: 7.0 ------------------------------ Timeframe:1D (Daily) Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail