AST SpaceMobile (ASTS) Analysis: Multi-Timeframe BreakdownYet another great week traders and yet another analysis for us to look at today. I've been closely watching AST SpaceMobile (ASTS) across the weekly, daily, and 15-minute timeframes, and there’s a lot happening here. Let’s break it down:
Weekly Chart
On the weekly chart, ASTS has absolutely exploded. We're looking at a massive 50%+ gain this week alone. My Deno LinReg Candles are showing a steep upward trajectory, which aligns with this strong bullish move. The price has surged well above the MA21, and the momentum is clearly in favour of the bulls.
The RSI is sitting deep in the overbought territory, which is a signal that we might see some cooling off soon. However, in such strong uptrends, overbought conditions can persist longer than expected.
Key Support: The closest support on the weekly chart is around $19.36, but the way this stock is moving, we could see new levels of support form higher up if the bullish trend continues.
Key Resistance: There’s no immediate resistance in sight since we’re in breakout territory, but psychologically, round numbers like $35.00 or $40.00 could act as resistance.
Daily Chart
Moving to the daily chart, ASTS has continued its bullish run, with the price extending far beyond the upper band of the CPR. This is indicative of a strong trend, but it also suggests that we might be due for a pullback or at least some consolidation soon.
The MA21 is acting as solid support, and as long as we stay above this level, the trend remains bullish. The RSI on the daily chart is also in overbought territory, so we need to keep an eye out for any signs of weakness.
Key Support: Immediate support on the daily is around $22.68, with stronger support at $19.88, which is near the MA21.
Key Resistance: We’re in uncharted territory, but again, look out for psychological levels as potential resistance.
15-Minute Chart
Zooming in on the 15-minute chart, things are cooling down a bit. After that massive run, the price is starting to consolidate, which is healthy after such a big move. My Deno LinReg Candles are starting to show some mixed signals, indicating that we might see a range-bound market in the short term.
The price is currently hovering around the MA21 on this timeframe, and if it holds, we could see another leg up. However, if it breaks down, we might revisit the lower band of the CPR.
Key Support: Immediate support is at $29.82, with stronger support around $28.00.
Key Resistance: The next level to watch is $31.36, which was the recent high.
Forecast and What to Expect
Looking ahead, ASTS is in a strong uptrend on the higher timeframes, but with the RSI being overbought on both the weekly and daily charts, we could see some profit-taking or a pullback soon. On the daily and 15-minute charts, I’ll be watching to see if the price can hold above the MA21. If it does, the bullish momentum could continue, potentially pushing ASTS to new highs.
However, if we start to see signs of weakness, particularly on the 15-minute chart, I wouldn’t be surprised to see a pullback to those key support levels I mentioned.
Stay tuned, and let’s see where this rocket ship takes us!
Community ideas
EURUSD: An In-Depth Analysis and Timeless Trading Strategy👀 👉 The EUR/USD pair is the most traded currency pair in the world, and in this video, I take you through a comprehensive analysis of this highly liquid market. I also present a trade idea that can be considered for today. However, the concepts and strategies discussed are not limited to a single session—they can be applied at any time in the future across various market conditions.
In this video, we explore the key features and benefits of TradingView, highlighting some of the essential tools I use in my day-to-day analysis. Whether you're a seasoned trader or just starting out, these tools can enhance your market insights and trading precision.
We delve into critical concepts such as trend analysis, market structure, price action, and the methodology for pinpointing precise entry points on any given trading day. This strategy is not just a one-time trade idea; it’s a robust approach that can be utilized across different currency pairs, making it a versatile addition to your trading toolkit.
Please note that while this analysis is thorough, it should be used as part of a broader trading strategy that takes into account your personal risk tolerance and financial goals. Trading in the currency markets carries inherent risks, and it's important to approach it with a clear understanding of those risks.
Gold, The Dollar, and Everything In BetweenHey there,
So, today we're looking at the recent performance of the dollar and the sudden recovery on Gold.
Which indicates a very interesting outlook in the weeks to come leading up to the expected rate cut scheduled to happen September (Next Month).
So if you're curious about what you need to keep an eye out for, be sure to check out today's video were we discuss the markets from both a fundamental and technical perspective.
BOJ Rate Hike Causes Unrest in the Stock Markets: What next?When the Bank of Japan hiked its interest rate at the end of July, global markets went into turbulence.
We will discuss what currency carry trade is, why the yen carry trade has caused this global volatility, and, importantly, whether the market will resume its uptrend.
Micro E-Mini Nasdaq Futures and Options
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Japanese Yen Futures
Ticker: 6J
0.0000005 per JPY increment = $6.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SPY/QQQ Plan Your trade For 8-7 : Perfect Flat-Down PatternToday's Flat/Down pattern played out perfectly. Now, as price nears support, we should be looking to position our trading for the next big move higher over the next 5+ trading days.
If my research is accurate, the SPY/QQQ should begin to setup a base mid/late tomorrow and start to rally into Friday - carrying into early next week.
Watch the video I created this morning to learn more.
This short follow-up video will help you understand how my SPY Cycle Patterns work and how you can benefit from their interpretive capabilities.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Classic Wyckoff accumulation. Markup phase coming ! This video is an analysis on the Wyckoff accumulation setup. All aspects of the method are being checked off so it's just a matter of time before we get a breakout due to a "catalyst in the news". Obviously, good news for the vaccine sector will probably be bad news for the overall market.
The TradingView Show: Charting Big Rotations with TradeStationOur discussion will dive into the breakout charts of small caps, the ongoing chatter about interest rates, and the shift among Fed members towards a dovish stance. We'll also examine the implications of the slowing AI stock boom and the increasing participation of stocks in catching a bid in the broader market.
The TradeStation team actively shares their daily insights and research on TradingView, providing a rich platform for interactive learning. Their repository includes powerful trading scripts designed to equip traders with effective tools for market analysis and execution.
Understanding these market dynamics is crucial, especially during seasonal shifts like those often observed in summer, where distinct patterns in market behaviors, such as those seen in the S&P 500, emerge. Charting and research play pivotal roles in navigating these fluctuations, offering insights into potential opportunities and risks. By leveraging these tools, traders can make informed decisions aligned with evolving market conditions, enhancing their ability to thrive in dynamic trading environments.
Explore all TradeStation ideas on TradingView here: www.tradingview.com
As you follow the discussion, feel free to ask questions in the comments, share your feedback, and chart alongside us by typing the respective symbol into the symbol search.
The TradingView Show takes place monthly, spotlighting TradingView community members and focusing on educational and informational content. Join us to expand your knowledge and insights into equities, AI, crypto, gold, forex, and more.
Compliance and disclaimers:
Important information: www.tradestation.com
Disclosure options: www.theocc.com
ETF prospectus page: www.tradestation.com
Divergence: RSI vs. PriceHey everyone!
In my years of trading, I've really come to love Reversal Strategies and my favorite is in the form of a DIVERGENCE!
Today, I took some time to put together an Educational Video on:
1) What a Divergence Is?
2) How to Spot them!
&
3) How to Trade them!
I hope you find this helpful!
**Tips
- Divergence is never good enough to trade alone, YOU NEED CONFIRMATION!
- The longer the Divergence takes, the more reliable it is
- Change in Momentum is KEY!
The Semiconductor Bubble is Finally PoppingI believe it is time for one of the biggest bubbles in history to be popped. I'm talking about semiconductors here, but really I would call this entire situation an "everything bubble." i think it all starts with semiconductors though, once the bubble pops it's going to get ugly quick and shorts will pay. However, timing such a move is difficult, but with some good TA you can increase the odds quite a bit. As always, it's only worth risking so much, top picking is a fool's game. Don't short just because of me. If anything, it might just be best to reduce long exposure for the time being rather than shorting.
I go over some charts for SOXX NVDA and more, which I have individual ideas for also. All of these charts feature bearish patterns and major trend breaks. It is all adding up, every single semiconductor I see has a major downside break and NQ is on the edge of breaking its uptrend as well.
We'll have to see how it goes, if I knew what was going to happen for sure I'd be on my yacht right now.
Why Using Charts Can Help You with Your TradingImagine you've decided to buy a particular stock. Your position starts to make money, and you're thrilled. But what do you do now? Should you hold onto your position or cash it in? Has it made enough profit, or will it go further? It's painful to lose money, but it's also frustrating to take profits only to see your original investment quadruple in price after you've cashed out too early.
Is there something that can help you make these decisions? Yes, there is! It's called technical analysis. But what if you're a complete novice to technical analysis? It may look complicated and difficult, but don't worry.
The beauty of technical analysis is that it can help with your decision-making, and once you learn the rules, it's easy to apply.
I have attached a short video explaining the steps I go through when I first look at a chart. Do you know how to determine a trend? Do you know how to apply trend lines? Do you know what a momentum indicator is? Do you know why and how to use moving averages? Do you understand continuation and reversal signals?
Gold Hits Record Highs! Skyrocket Further or Sharp Reversal?4-Hour Time Frame Analysis:
Higher Highs (HH) and Higher Lows (HL): The chart displays a clear upward trend with higher highs and higher lows. This indicates a bullish market structure.
Ascending Channel: The price is moving within an ascending channel, showing a steady increase in value.
Key Levels:
1-Hour LQZ / Reversal: 2429.940
4-Hour LQZ / Reversal Point: 2391.394
Potential Take Profit (TP) Levels:
TP 1: 2319.385
TP 2: 2288.085
TP 3: 2267.832
Current Price Action: The price has reached the upper boundary of the ascending channel, suggesting a potential reversal or breakout. Traders should watch for confirmation before taking action.
1-Hour Time Frame Analysis:
Higher High (HH): Similar to the 4-hour chart, the 1-hour chart also shows a higher high, indicating a bullish trend continuation.
Ascending Channel: The price is respecting the ascending channel, reinforcing the bullish sentiment.
Key Levels:
1-Hour LQZ / Reversal: 2429.940
4-Hour LQZ / Reversal Point: 2391.394
Current Price Action: The price is at the top of the ascending channel. Traders should look for signs of a reversal or a breakout above this level to gauge further price movements.
15-Minute Time Frame Analysis:
Ascending Channel: The 15-minute chart shows a detailed view of the ascending channel with the price closely following this structure.
Key Levels:
1-Hour LQZ / Reversal: 2429.940
4-Hour LQZ / Reversal Point: 2391.394
Current Price Action: The price is currently at the top of the channel, suggesting a potential short-term reversal or continuation depending on the breakout direction.
Summary:
Bullish Trend: All three time frames show a clear bullish trend with higher highs and higher lows.
Ascending Channel: The price is moving within an ascending channel on all time frames, which supports the bullish outlook.
Key Reversal Zones: Pay attention to the 1-hour and 4-hour LQZ / Reversal points at 2429.940 and 2391.394 respectively.
Potential Reversal: The price is currently at the upper boundary of the ascending channel on all time frames. This indicates a potential reversal if the price fails to break out. Traders should wait for confirmation before entering trades..
BTCUSD - $63,000 - $65,000 Imminent... This weekend, i was expecting a selloff into $52,000 but wat happened was a low resistance liquidity run into premium arrays.
Looking at the daily order block array @ $63,866 as the first point of interest.
We also have a weekly array just above that area which spans upto FWB:65K
Gold analysis and trade idea 16 JulyConsolidation zone forming a bull flag pattern
Resistance area at 2449
Potential double top formation at 2445-50 level
Possibility of consolidation before breakout, with multiple attempts needed for a successful breakout
Buying opportunities seen for every dip within the channel
Resistance levels at 2434 and 2447 highlighted for potential selling opportunities.
Taking On Discipline In StagesOnce you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it's easy to feel overwhelmed.
You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more manageable and ensures that each aspect of your trading strategy is given the attention it deserves.
Trading Plan Components: Each of these sections should have objective rules so there isn't any escape room.
Method Rules
Entry Rules
Stop Rules
trailing Stop Rules
Exit Rules
Journaling
Trade Plan for TME, COIN
Shane
