Long-term
AUDJPY PENNANT BREAKOUT?Pair: AUDJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel
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Key Takeaway: Need to see a break of pennant pattern and round number levels
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Level needed: need a close by 95.180
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Trade: Long
RISK:REWARD 1:6
SL: 27
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
GBPUSD INVERTED HEAD AND SHOULDER Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle, inverted head and shoulders
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Key Takeaway: Need a break of high volume level/resistance
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Level needed: need a close by 1.22885
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Trade: Long
RISK:REWARD 1:10
SL: 31
TP: 312
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Keep Tata motors stock in watchlist.Tata motors stock has been in bull run since last 2 years.
Observing the weekly chart shows a clear formation of Inverted Head & shoulders pattern in the stock.
It can test the neckline definitely in near future which is around 500-520 which is almost 7-8% from CMP.
A weekly closing above 520 levels or above 52 week high of 537 can make the stock move to its ATH levels of 600 and above.
$DOCU -76% DISCOUNT (52-WK) -81% (ATH)!DocuSign is good stock if you are thinking about adding an AI & Software stock to your watchlist/portfolio. It is currently showing a good buying pressure with the last 2 months being green, but I think it has a way to go down! The original Heavy buying positions from IPO '18 to Aug. '18 is the $52.30 area! The next set of buyers from Oct. '19 to now are @$62.50 area! Which is good entry to swing to the $315 ATH, but the $52 entry area is a SNIPER! anything in between those two are good entries for long-term.
BTC Prediction for Aug-22 and beyondI'm assuming the long term trend is down
Jul-22 was a green month, relief bounce
Aug-22 probably going to continue the overall trend so will be red
inflation at 9%, expected double digits, recession for 12+months
difficult to be bullish
think there are 3 legs down
23->20
20->14
14->10
bottom here at $10k
timeframe : 12 months
Zoom Out and We Are Doing Fine!If you look back to when BTC started, we have been registering higher lows every year with the exception of 2015. Last year, BTC registered a low of $28600. The last couple of weeks saw a drop from $47k to $32.6k. Sellers are running out of momentum again and the bulls are staging a reversal again. There's not that much lower that we will go this year round!
STONKS WILL GET HAMMERED HARDFundamental PoV:
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- Fade away recession fear for Q3
- Shift to hawkish Fed
- 75 bps rate hike is a done deal
- Escalation in Taiwan
- Possible another supply disruption
Overbought while market buying less hawkish the Jay Powell speech and now all the members turn hawkish. The green street U.S. Friday data confirmed that recession still far ahead, at least this fear will ease for the Q3.
Average Hourly Earnings (MoM) 0.5% 0.3% 0.4%
Average Hourly Earnings (YoY) 5.2% 4.9% 5.2%
Average Weekly Hours (Jul) 34.6 34.5 34.6
Government Payrolls (Jul) 57.0K -6.0K
Manufacturing Payrolls (Jul) 30K 17K 27K
Nonfarm Payrolls (Jul) 528K 250K 398K
Participation Rate (Jul) 62.1% 62.2%
Private Nonfarm Payrolls (Jul) 471K 230K 404K
U6 Unemployment Rate (Jul) 6.7% 6.7%
Unemployment Rate (Jul) 3.5% 3.6% 3.6%
Review Update: $ELAReview Update: $ELA
5/5 ⭐️
In Feb 2022 at $4.10/share, I said this stock was a GREAT buy. Now it’s at $7.52/share. Even in this market! Great company, still growing rapidly Y/Y.
-Shared from PersonaFi iOS App
“See what the best traders, backed by their linked portfolios, are buying and selling in real-time.”
Long term goal for BTCEvery 4 years BTC made another ATH. If BTC continues with that trend the next ATH will be around 170k +- 30k at the end of 2024. For this approximate target I used especially Fibonacci tools.
The 2024 halving will likely occur between February 2024 and June 2024.
This is my last chart on BTC . Enjoy!
FILUSDT 1D Our FIL Long-term trade from $5,16 to $42,50We are not implying anything, but it seems that the price of FILUSDT may repeat the white fractal movement.
Where to enter the long of FILUSD and whether to enter the long is up to you, of course. We bought FIL at $5.16 on a deposit with a long-term trading strategy, that is why, we will keep long until at least $42.50
Currently, looking at the chart, there is still a chance that the Filecoin price will fall to the area of $7.25-7.50 and from here there is a continuous movement to $42.50
Well, of course, if the fractal does not deceive us, but that is a completely different story)
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BTC PredictionI have analyzed 2 historical dips after ALTH’s I have noticed two major trends:
Trend 1 LMACD: LMACD line crosses the signal line indicating a bearish market. Volume decreases, after an initial dump it pumps back up to critical fib level of 0.618. then dumps back. The total dip lasts around 400 days, and total market correction is around 84%.
Trend 2 MA: This indication starts when price goes down 20 Weekly MA, validates the support of 50 Weekly MA, goes up to 20 weekly MA (even crosses), then dumps to 200 Weekly MA. This pattern is confirmed when 20 Weekly MA crossed 50 Weekly MA.
Prediction: BTC has reached peak of its second pump to 51K, it will slowly descend to its support of fib support at around 23.5K, after that we will see a slight pump to around 34K. After that will complete its correction at 15.5k, with spikes to around 12.5K (84% correction).
ETH to 2400This is from a pretty long-term time frame perspective
Originally was going to sell the ETH I bought at 1,000 at 1,900
Now I am more leaning towards that big sell off being right around 2400
If this sets up right I would feel very comfortable shorting ETH coming into that 2400 level first time as well. Already outlined my plans for BTC in an earlier post