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Sony Group Corporation DCA - Inverted head and shoulders + C&HCompany: Sony Group Corporation Ticker: 6758 Exchange: TSE Sector: Electronics Introduction: Hello and thank you for taking the time to read my post. Today, we analyze the daily chart of Sony Group Corporation, focusing on an interesting combination of two price patterns, an inverted head and shoulders and a cup and handle pattern. This combination provides additional confirmation for classical chart analysts and offers a compelling trading opportunity. Price Patterns: Inverted Head and Shoulders: This pattern has been forming for 384 days and features a clear horizontal resistance line at ¥12,380. This serves as our reference point for the pattern. Cup and Handle: The right shoulder of the inverted head and shoulders pattern contains a 126-day old cup and handle pattern, which provides further confirmation and a second possible price pattern. The same horizontal resistance line at ¥12,380 serves as the reference point for this pattern. Bullish Environment: The price has been above the 200 EMA for some time, indicating a bullish environment. Price Targets: Inverted Head and Shoulders: The price target for this pattern is ¥15,520, representing a potential price increase of 25%. Cup and Handle: The price target for this pattern is ¥14,725, representing a potential price increase of 19%. Trade Opportunity: A breakout has occurred, making this trade actionable without further observation. Conclusion: The Sony Group Corporation daily chart analysis highlights the combination of an inverted head and shoulders pattern and a cup and handle pattern. This provides a compelling trade opportunity with clear price targets. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
TSE:6758Long
by KarimSubhieh
Why You Need To Use Dollar Cost Averaging (DCA) For FuturesHey Guys, Lots of my students ask about the Nasdaq so here is how to trade it. It's important to note that Futures markets rise in value up and down over time. Getting a pin point price constantly is not what you need to do. Relax. Just be a Trader. Buy when the price is low and spread yourself out.. When it comes up, Sell and spread yourself out. This naturally covers risk and allows you to accumulate a good deal. After all, that's what Traders want. My thoughts On Long/Short Areas also mentioned.
CME_MINI:NQ1!Short
by WillSebastian
3
XDB CAPITULATION! Getting closer to the bottomXDB has been getting rekt recently. There is a lot of fud surrounding the project, however, fundamentally it is still stronger than ever. This is typical of the capitulation phase. I have seen this countless times before, and I am 100% convinced that it's going to moon like crazy after this is over. I have already started DCA'ing here at 0.0014, but the chart does not look like it has found a bottom yet. I'm expecting the ultimate bottom to be in the 0.0006 - 0.0008 range. Anything under 0.001 is an EXTREMELY good buying opportunity. I will follow up with a zoomed out 1d chart to show you how big of a bullrun I'm actually expecting after capitulation. It is close to 100x if you buy it at the exact bottom.
Long
by jariii
AUDIO : THE DCA CYCLE COIN THAT ARE ABLE TO RUN $2 USDwe made since today a new study on the DCA coins that have a cycle with the possibility to increase the coming time for the year 2023. We found out that AUDIO has a high chance to increase to targets of $0,66 and in a better trend way to a high target of $2 USD. This coin shows a pattern of increase depending on the study, further it shows a DCA trend that could bring this coin into new breakouts. We will follow this coin and see how far it can go. For the short term, AUDIO is at a point where it can break out to $0,31 into short term. This update is a view for 2023 The market can go up and down, but it's about the general view, and that is that this coin has a high chance of breakout in the coming time. a real cycle coin comes always with a strong increase back also when it breakdown with the main market.
Long
by Goldenbreakout
4
NAKAMOTO GAMES risk reward looking goodNAKAMOTO GAMES - the chart tell me a lot of upside here. 64 X to all time high. NAKAMOTO GAMES going up up up sense December and the botton could be in. NAKAMOTO is a gaming project with a lot of twitter followers (that could spread the message "buy buy" in a bull run)... we will probably hear a lot about NAKAMOTO next bull run. I think it could be a good time to buy next pull back and hold long term. This is not a financial advice. Gaming project could be very risky, do your own research. Be aware of the Small Market Cap, 8.1 million dollar....it can move fast.
Long
by TaTaTaCrypto
Some simple DCA idea. Maybe a bit better than the average one ?Hello, everyone. This is my first idea, so please pardon me if anything goes wrong. With the bear knocking at the door a while ago, it seems that everything goes down. So maybe we should embrace the investor side ... The boring but rewarding path. On bear markets, everyone accumulates. The DCA it seems a viable option, as they say : "Time in the market beats timing the market". We could DCA by volume profile, Fibonacci retracements, or several other techniques. But why going so "complex" when we can make everything simple ? On Crypto, it's tested that we will see at least 6 consecutive "30% drops" after the latest "30% drop", if not even more. Influenced on this idea by our regretted mathematician, Mr. Fibo ... And applying it to the charts, I just have a new indicator with an embedded strategy inside. In order to do everything right , I am asking the community to give me feedback. And if there is a real demand for my creation, I will respond accordingly :) The questions will be : 1. Do you think this strategy will bring you profits ? If so, do you want to try my indicator for easier backtesting ? 2. How useful do you think it will be a trading automation website, to be launched in 2023 ? Dedicated to Risk/Reward ratio trades, but also containing this idea ? I am humbly awaiting your response, so ... Let's help each other ! Best regards, Ionuț
Education
by dogaruionut1993
3
BTC, PYR, LINK, VET time to DCA?!Market can still capitulate and altcoins will in that case drop 40-50% or so. But lets assume that the market will recover fast. If the short time downside is 40-50% and the longtime upside is multiples...I don't think "waiting for the perfect entry" is the best choice. Don't wait to long to DCA into your favourite altcoins that you believe will survive the bear market. If the market suddenly turn bullish, you will quickly lose that big X-factor, upside (multiples to all time high) that the market offers you right now. Here are three of my favourite coins to DCA into - VET/PYR/LINK.
Long
by TaTaTaCrypto
3
DCA for beginnersI made a visual explanation investing mid/long-term with DCA and of how effective DCA is and how to do it based on a weekly chart, no matter how much money you got, you can adapt to your capital Understand that this is an example amongst many other and you are not obligated to follow this strategy, it's just to guide if you're new to DCA. It's not a financial advice. also, it's important to understand the market cycles, and know when it's a bullrun, a bear market and an accumulation & expansion phase
Education
by kaiju_crypto
VeChain/USDT. Testing the 0.5 Fibonacci.Current Market Cap 1.69 Billion Since it dumped to 0.00157 during the March 20 sell-off, VeChain rocketed up over %17,000 to a high of 27.9 cents! Shortly after, the "Incredible Sell" prints, these signals should not be ignored on higher TF's. Price has since corrected over 92% and finds itself @ the 0.5 Fib level (2 cents) This area is also previous resistance now being tested as support. We also have a non confirmed conditional buy signal. Should the 0.5 level not hold up, long term bulls should look for buys in the golden pocket (1 cent) This area is a support/demand zone / previous minor resistance. The POC compliments the 0.786, (half a cent) long term bulls should reload again. Biggest Volume Profile appears between 0.3 - 1 cent. RSI is forming a nice falling wedge, a breakout + HH could initiate a rally. Stochastic is oversold. Selling Volume has slowly declined over time. Timing the tops/bottoms isn't important nor does it work. DCAing into your favourite projects that you believe in is best. About.. VeChain is an enterprise blockchain platform that aims to provide a full view of an organization by disintermediating information from data silos. VeChain also plans to become a leading platform for initial coin offerings (ICOs) and for conducting transactions between Internet of Things (IoT) connected devices. VeChain makes use of two tokens: VeChain token (VET) as a value layer and VeChain Thor Energy (VTHO) as a smart contract layer. Speculative Setup, DYOR. Allow 3-18+ Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
1