BTC - Still Bullish...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the red structure and traded higher creating a new short-term structure marked in orange.
📈As long as the structure marked in orange holds, BTC will remain bullish, and a movement towards the upper bound of the blue channel and all-time high at $74,000 is expected.
📉 If the orange zone is broken to the downside, a bearish correction toward the $65,000 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Longterm
UMA ANALYSIS📊 #UMA Analysis
✅There is a formation of Descending Channel Pattern in daily timeframe.
We can see a breakdown of major trendline in #UMA and we would see a little more retest towards it's support zone and then a bullish movement could be seen
👀Current Price: $2.477
🚀 Target Price: $4.370
⚡️What to do ?
👀Keep an eye on #UMA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#UMA #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
SasanSeifi| Will the $185 Resistance Break? Hey there, ✌In the weekly timeframe, as shown in the chart BINANCE:SOLUSDT , the price, after a prolonged consolidation phase, surged from the $30 price range with a notable upward trend, reaching as high as $200. This significant bullish movement stalled upon encountering the $200 supply zone, leading to a correction and a phase of price fluctuation.
Currently, after testing the bearish order block level twice and failing to break through, the price is once again approaching this critical area. If we witness a breakout above the $185 level with weekly candle closures above it, the price could continue its upward momentum, potentially reaching higher levels such as $218 to $240. In this scenario, monitoring price reactions to these key levels can provide a better understanding of future price movements.
On the other hand, if the price fails to break through the $185 level, and we receive a SELL confirmation in lower timeframes, there is a possibility of a pullback towards lower ranges like $140 to $120, which could be accompanied by further corrections.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SasanSeifi| Will It Break Above the $2685 High?Hey there, ✌ In the daily timeframe, as seen on the chart OANDA:XAUUSD , gold's price started an upward movement from the $2300 range and reached a new all-time high (ATH) around $2685. After hitting this peak, the price entered a consolidation phase with a slight pullback that extended to the $2600 area.
Currently, we see that the price has rebounded from the $2600 level due to increased demand, pushing it higher towards $2,657. The medium- and long-term outlook leans towards further upward movement, with potential targets at $2700, $2725, $2750, $2790, and $2,800.
In the daily timeframe, maintaining the support range between $2600 and $2570 is crucial for sustaining the bullish trend. A likely scenario is that if the price stabilizes above $2660 and $2675, it could break the previous high and move toward the mentioned targets, as illustrated in the chart.
To gain a better understanding of the future trend, it's important to monitor how the price performs in the early days of the market. Additionally, if bullish momentum weakens and confirmations appear in lower timeframes, there could be a chance of range-bound movement or a retracement towards the support levels.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
MKR-USDT 1W chart long-termHello everyone, what is the situation on MKR in the USDT pair, looking at the one-week time frame. We can see how the price formed a triangle from which we got a bottom exit.
Let's start by setting goals for the near future, which include:
T1 = $1664
T2 = $1982
T3 = $2,503
AND
T4 = $3,327
Looking the other way, you can see how the price remains at strong support at the level of $1,143, but if we go lower, there is still a very strong support zone from $668 to $449, which must help stop the price in the event of an even greater recovery.
Palladium is the new Gold... Thank me later!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌What is Palladium used for?
Palladium is used in catalytic converters for automobiles, in fuel cells to generate power, in jewelry, dental fillings, and electronic components. Catalytic converters convert the toxic gases from automobiles into less harmful substances.
📌How Rare is Palladium?
Palladium is one of the rarest metals on earth and even more scarce than platinum – 15 times more rare to be precise. If all the platinum in the world fits in your house, then every ounce of palladium can easily squeeze inside your living room.
📌Technical Analysis:
This week, Palladium rejected the $1000 round number and support zone and broke the Daily structure marked in red.
As long as the bulls hold, I expect a bullish continuation towards the $1700.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
WBD bottoming in process, turnaround soon? Target 70 USD +Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it.
On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure.
Yellow route is the alternative route for now, which highlights one more bigger swing lows arriving (and that currently we might be in yellow wavecounts, where price action SHOULD hold the 8.30-8.40 USD mark and not break below comfortably. (Secondary scenario)
Primary scenario where I watching primary a bottoming process is the white route where the white big wave (2) is already in at ~8.80 USD. As the weekly and daily MACD/RSI showing bullish divergence, and also the runup having clearly impulsive characteristic from that bottom, I am leaning towards this scenario.
Be aware, yellow is still not invalidated though. I am re-publishing the idea, since the previous one got flagged for house-rule-violation.
Uptrend maintained! XAU! 10/23XAU / USD trend forecast October 23, 2024
Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%.
Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance.
M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753
/// SELL XAU : zone 2753-2756
SL: 2761
TP: 50 - 200 - 300 pips (2726)
Safe and profitable trading
BTC - Next Support...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉As per my last BTC analysis (attached on the chart), we know that BTC is currently in a short-term correction phase.
The question is: till when/where?
📈From a medium-term perspective, BTC has been bullish trading within the rising channel in blue.
Moreover, the orange zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the orange demand and lower blue trendline.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XAU ! 10/22 ! maintain the uptrend 2755XAU / USD trend forecast October 22, 2024
Gold price (XAU/USD) gains momentum on Tuesday, approaching its all-time high as the European session nears. Ongoing uncertainty around the November 5 US presidential election, risks of a wider Middle East conflict, and expected rate cuts from central banks continue to support gold as a safe-haven asset.
A slight dip in the US Dollar also boosts demand for gold, but expectations of modest rate cuts by the Federal Reserve, which keep US Treasury yields elevated, could limit further USD weakness and act as a barrier for additional XAU/USD gains amid slightly overbought conditions.
H1 long term frame is still supporting the upcoming uptrend - breaking 2740 and hitting new ATH coming soon
/ // BUY XAU : zone 2727-2724
SL: 2719
TP: 50 - 100 - 300 pips (2754)
/// SELL XAU : zone 2752-2755
SL: 2760
TP: 50 - 200 - 300 pips (2725)
Safe and profitable trading
SWING IDEA - ANGELONENSE:ANGELONE 's stock price has been retesting around the 2000 resistance level for approximately two and half years. Following multiple retest, the stock finally broke out above this level in October 2023 and has since established it as a key support.
The stock subsequently surged to a peak of 3895, representing a 87% increase. However, it then experienced a sharp correction, plummeting 45% to revisit the 2000 support level again. This pivotal point, formerly a resistance, has now become a robust support.
Currently, ANGELONE is exhibiting an upward momentum, poised to retest its swing high at 3895. The weekly MACD crossover, occurring after the establishment of support at 2000, indicates a bullish trend reversal.
KEY OBSERVATIONS:
- Two-year resistance level of 2000 broken in October 2023
- Stock surged 87% to 3895 before correcting 45%
- 2000 level now serves as robust support
- Weekly MACD crossover indicates bullish momentum
- Upward momentum poised to retest swing high at 3895
RECOMMENDATION:
Based on this technical analysis, I would recommend holding ANGELONE for a Long Term horizon. This could potentially yield:
- 35% returns from the current price (as of writing)
- 87% returns from the support point (2000)
This analysis highlights a compelling buying opportunity in ANGELONE, driven by its breakout and momentum reversal.
IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 2000 in the near future before resuming its upward momentum towards the swing high at 3895. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly.
DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
MBLY SHORT SQUEEZE INBOUND!!! NASDAQ:MBLY
SHORTS ARE COOKED ON 🩳🍋
We finally closed over the 50MA, extremely BULLISH!
There is a massive short float on this stock that's making higher highs. #MOASS #SHORTSQUEEZE INBOUND!!!
My 1st price target for this daily chart is...🥁🥁🥁
🎯$14.80
Not financial advice. 🖖
Break M45 - continue to increase waiting for 2745! 10/21XAU / USD trend forecast October 21, 2024
Gold price (XAU/USD) continues Friday’s breakout above $2,700, gaining momentum for the fifth straight day at the start of the week. This marks its seventh positive day in the last eight, reaching a new record high above $2,730 during the Asian session. Ongoing geopolitical tensions in the Middle East and political uncertainty in the US ahead of the November 5 presidential election support the safe-haven demand for gold.
2 M45 trend lines - gold price continues to rise. Wait for correction to touch EMA then continue to increase.
/// SELL XAU : zone 2745-2747
SL: 2753
TP: 50 - 100 - 300 pips (2717)
Safe and profitable trading
GOLD - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔I find the Gold 4H chart interesting.
Do you see a pattern here?
Look at the first two purple projections.
Gold broke below a low (marked in red), which signaled the start of a correction.
The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase.
Currently, Gold seems to be pausing, which might indicate the start of another correction phase.
🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,625, followed by a break back above it.
This projection could lead to the upper bound of the blue channel, around $2,800.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SasanSeifi| Is a Bullish Breakout Around the Corner?Hey there, ✌ In the daily chart of BINANCE:METISUSDT , as shown, the price has been on a downtrend since reaching the $76 level. After this decline, the price reacted to the $25 level, entering a range between $25 and $42. During this period, the price experienced some fluctuations and relative growth.
Currently, after hitting the $42 level twice, the price has pulled back to the demand zone. In this area, we’re seeing some positive movement, with the price now trading near the downward trend line. It appears that a Double Bottom pattern has formed around the $31 level, which could signal a minor upward move.
If, in the daily timeframe, the downtrend line and the $37 to $38 price range are broken, and the price stabilizes above this level, there is a chance for an increase towards the $40 and $42.50 resistance zones. In such a scenario, it will be important to monitor how the price reacts to these higher targets. Should the price break through the $42 level and maintain its position above it, the next potential target could be the supply zone between $46 and $50.
For risk-tolerant traders, the $36 price range could serve as an entry point. Additionally, upon a breakout and stabilization above the downtrend line, more secure entry points may be identified.
The key support area for METIS lies between $33 and $31. Holding this support zone is crucial for a bullish scenario. If this level is lost, further price declines are likely.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Target $3,745 in XAUUSD monthly timeframeOunce made a new ATH last week. Currently, it is involved in a monthly target that I specified for you with the help of Fibonacci extension. The beginning of the Fibonacci extension is the price of $252 on August 2, 1999
There is a possibility that we will have a price correction in this area, but if the price stabilizes above $2,713, it can continue to rise.
The next target in the monthly timeframe of XAUUSD will be the range of $3,745, which can be thought of as a long-term view.
BTC Breakout Alert: Weekly Close Could Ignite Rally! 🚨 #BTC is on the verge of breaking out of long-term resistance! 📈
If this week's candle closes as it is, we could see a strong upward move. 🟢
Current price: $68,714.9 (+9.35%)
Keep an eye on the weekly close for confirmation! 👀🔥
#Bitcoin #Crypto CRYPTOCAP:BTC
ETH - Roadmap to $3,300!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been hovering within a large range, forming a symmetrical triangle marked in orange.
📈 For the long-term bullish trend to be confirmed, a break above the $2,830 level is needed.
In that scenario, a move toward the next resistance at $3,300 is expected.
📉 Meanwhile, another bearish leg within the triangle is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich