ETH will break the resistance zoneHi everyone, in my analysis ETH will break through resistance this week and rise to 3,000 ++
Note : Please follow your strategy, this is just my idea and i will gladly see your ideas in this post.
Don't forget to put STOP LOSS for your position, remember STOP LOSS is the key of consistency trading for long term.
Longsetup
NTFLX - Waiting For Key Level TestAs the titles implies, NETFLIX is waiting for a KEY LEVEL TEST before making large moves.
It has recently broke through several ranges to the BUY SIDE, showing it has lots of BULLISH movement. This can be seen with the LARGE VOLUME BULLISH CANDLES that followed after hitting one of the SUPPORT LEVELS, where it created high volume with NO RANGES, further proving it's high volume of buys.
What I'm looking for now is a retest of the resistance level where i'd like to see large volume SELL SIDE, or a bounce off the SUPPORT level, where I would look to exercise buy positions
STLA 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ biggest volume T1
+ biggest volume Sp?
+ weak test closed 2 ticks below support level
+ first bullish bar closed entry
- resistance level
Calculated affordable stop limit
1 to 2 R/R take profit
Daily countertrend
"- short impulse
+ volumed TE/T1 level
+ support level"
Monthly trend
"+ long impulse
+ T2 level
+ 1/2 correction
+ support level"
STLA @NYSE
Sell Limit 17.40, GTC
Sell Stop 16.53 LMT 16.84, GTC
XAU end of August, still expecting new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024
🔥 World situation:
Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment.
🔥 Identify:
The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2531, $2559, 2592
Support : $2498, $2472, $2450
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
QQQ In it's next bull run.
The CDV doesn't lie, along with a confluence of multiple momentum and volume indicators. Short of a black swan even it appears QQQ is headed to new all time highs. It was looking to form a head and shoulders on the daily, but you can see price broke the neck line, and has even came back to retest.
Long Setup on DOGEUSDT / (Volume projection)BINANCE:DOGEUSDT
COINBASE:DOGEUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾Sorry, TP1 already realized.
⚡️TP:
On the chart
➡️SL:
0.01205
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Please Like and Leave a comment, Let me know what is your idea on this setup!
Long Position on 1000SHIBUSDT / (Volume Projection)BINANCE:1000SHIBUSDT.P
PHEMEX:1000SHIBUSDT.P
SL2 ---> Mid-risk status: 5x-8x Leverage
SL1 ---> Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
0.013409
0.013570
0.013720
0.013830
0.013990
0.014190(In Optimistic Scenario)
➡️SL:
0.01268
0.01237
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Long Position on ZENUSDT / (Volume Projection)BINANCE:ZENUSDT
COINBASE:ZENUSD
Mid-risk status: 5x-8x Leverage
Low-risk status: 3x-4x Leverage
👾The setup is active but expect the uncertain phase as well.
⚡️TP:
8.09
8.39
8.73
9.07
9.46
9.78
10.20
(In Optimistic Scenario)
➡️SL:
6.80
🧐The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
WIF - Bulls need to STEP UP here!Probably the best possible setup that has been presented in the last few days. I was looking forward to this recovery and retesting $1.5.
As long as it stays above the level, things will be bright. Below and I should start to cut the trade.
Momentum should build above $1.63, but I decided to take the trade now as I have a clear invalidation zone in case it turns against me.
BTCUSDT Active Range BreakoutThis is an active range breakout on BTCUSDT that i'm going to be trading.
It may not work, but with higher TP then SL you can afford to have a lower percentage of profitable trades as the wins well outweigh the losses.
As you can see the range has been broken with HIGH VOLUME CANDLES. This is what we were waiting for, not like the first break of range that didn't have the BIG CANDLE moves i'm looking for.
I'm looking to TAKE PROFIT at the next large key RESISTANCE ZONE. It is a very large percentage so it's probability of hitting is low, but the potential reward far outweighs the risk.
I can RISK MANAGE in several ways. I can move the STOP LOSS TO PROFIT once the trade has good gain to safely lock in. I can use MULTI TAKE PROFITS, to take profit several times before taking 100% of TRADE CAPITAL. What I like to do is use 25% of my portfolio but use higher leverage, so i effectively trade the same amount as 100% my portfolio whilst having 75% free to take OTHER TRADES. If you do this WATCH YOUR LIQUIDATION PRICE.
SWING IDEA - PETRONET LNGThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Petronet LNG .
Reasons are listed below :
Breakout of Strong Resistance at 300 : Petronet LNG has successfully broken above a significant resistance level at 300, signaling potential bullish momentum.
Bullish Marubozu Candle on Weekly Timeframe : The presence of a bullish Marubozu candlestick pattern on the weekly timeframe suggests strong buying momentum and potential upward movement.
Breakout from 6+ Years of Consolidation : The stock has broken out from a consolidation phase lasting over 6 years, indicating a significant shift in market sentiment and potential for sustained upward movement.
Trading Above 50 and 200 EMA : Petronet LNG is trading above both the 50 and 200 Exponential Moving Averages (EMA), confirming bullish bias and indicating potential for trend continuation.
Support from 0.382 Fibonacci Level : Finding support at the 0.382 Fibonacci level and bouncing back reinforces the bullish outlook and provides a solid foundation for potential upward movement.
Trading at All-Time High (ATH) : Petronet LNG is trading at its all-time high, indicating strong bullish momentum and potential for further gains.
Constant Higher Highs : The stock consistently forms higher highs, reflecting increasing bullish momentum and reinforcing the potential for further gains.
Target - 340 // 380
Stoploss - weekly close below 260
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