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AUDUSD Wave Analysis 16 December 2024 - AUDUSD reversed from support zone - Likely to rise to resistance level 0.6400 AUDUSD currency pair recently reversed up from the support area set between the strong support level 0.6350 (which has been reversing the price from 2023, lower border of the weekly sideways price range) and the lower weekly Bollinger Band. The upward reversal from the support zone stopped the previous impulse waves 3 and (3). Given the oversold weekly Stochastic and the strength of the support level 0.6350, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6400.
Long
by FxProGlobal
Bitcoin’s bullish break generates fresh long setup Bitcoin futures have opened the new week on the front foot, talking out the former record highs at $105325 before extending the move as Asian markets come online. RSI (14) has broken its downtrend while MACD looks like it may crossover from below, suggesting bullish momentum may be building again. While the price signal is definitive, we’ve not seen pickup in volumes accompanying the bullish break, making the preference to wait for a retest of $105325 before initiating long positions, rather than simply buying around these levels. If there was pullback and bounce from $105325, it would improve conviction in the setup, allowing for longs to be established above the level with a tight stop beneath for protection. If the trade were to move in your favour, the preference would be to wait for a topping pattern or signal to determine whether to hold, take profit or reverse the move.
CME:BTC1!Long
by FOREXcom
2
Octopus is attractive to Buy at these levels Offering 117% GainsThe stock after breaking out its accumulation zone enters the bullish territory and printed a Cup and Handle formation on weekly chart. The stock has successfully broke out the Cup and Handle but went into consolidation after posting bearish divergence. Currently, retraced till 71.8% as per FIB levels and being accumulated for another bullish ride where it can double the investment within next 6 months. One can start accumulate atleast 25% allocation at these levels with SL at 55. Confirmation to the Target price will be given once weekly closing above 100 is given by the stock where it will validate the journey towards final target price of 165 which is the projection of Cup and Handle formation.
PSX:OCTOPUSLong
by Trader-Roze
Crypto Insights: Will XRP Price Hold Above $2 After South Korea’ XRP, the native cryptocurrency of Ripple, experienced a rollercoaster ride in recent weeks. Following a sudden dip to $2.13, the price surged by 9%, recovering to $2.45. This dramatic price swing was triggered by South Korea’s sudden decision to ban crypto exchanges from listing XRP. However, the broader market sentiment, fueled by Ripple’s expanding ecosystem and Bitcoin’s bullish rally, has contributed to XRP’s resilience and potential for further growth. Ripple’s Ecosystem and Bitcoin’s Rally Fuel XRP’s Optimism Ripple’s growing ecosystem, particularly its focus on cross-border payments and blockchain solutions, has been a major driver of XRP’s price appreciation. The increasing adoption of RippleNet, the company’s blockchain-based payment network, has solidified XRP’s position as a key player in the global financial landscape. Additionally, the recent surge in Bitcoin’s price has positively affected the entire cryptocurrency market, including XRP. As the leading cryptocurrency continues to gain momentum, it is likely to lift the prices of other altcoins, including XRP. Strong Market Indicators Signal Potential for Further Gains Several technical indicators suggest that XRP may have further room to grow. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are two key indicators that can provide valuable insights into a cryptocurrency’s price trend. Currently, XRP’s RSI is hovering around the 50 level, indicating that the asset is neither overbought nor oversold. This suggests that there is still potential for further upward movement. Additionally, the MACD line has crossed above the signal line, forming a bullish crossover. This bullish signal suggests that the momentum is shifting in favor of the bulls, and XRP may be poised for a significant price increase. XRP Price on the Brink of $3: Is a Major Breakout Imminent? As XRP continues to gain momentum, many analysts believe that the cryptocurrency is on the brink of a major breakout. If the current bullish trend persists, XRP could potentially reach the $3 price level shortly. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly Therefore, investors should exercise caution and conduct their research before making any investment decisions. In conclusion, XRP’s recent price surge, strong market indicators, and the upcoming launch of Ripple’s stablecoin suggest that the cryptocurrency has the potential to continue its upward trajectory. However, investors should remain vigilant and monitor market developments closely.
Long
by bryandowningqln
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator: **Components and Calculations:** 1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure. 2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is: \ A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow. 3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions. **Interpretation and Usage:** - **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum. - **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure. - **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend. **Visualization:** Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders. **Application:** This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points. **Example Implementation:** An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values. By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
NASDAQ:TSLALong
by Tradernawab
EURGBP Wave Analysis 13 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band. The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels. Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long
by FxProGlobal
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: 2.44-2.57 ⚡️TP: 2.70 2.84 3.03 🔴SL: 2.31 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
JPMorgan: Not the Star of BethlehemThe Christmas season is known for three Wisemen following a light in the night sky to Bethlehem. But another, less jovial star may have settled above the House of Morgan. The first pattern on today’s chart of JPMorgan Chase is the candle on November 25. Prices jumped above $253 in the first five minutes of that Monday morning, but quickly reversed and closed at $250.29. Some traders may view that as a bearish shooting-star pattern. JPM proceed to close lower the next six sessions and was soon under $250. Its shares have continued downward, probing above their 8-day exponential moving average (EMA) while mostly closing below it. That could suggest a short-term downtrend has developed. Falling MACD may provide a similar signal. Finally, a large gap occurred on November 6 after Donald Trump was reelected President. Could JPM now look to fill some of that space? TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:JPM
by TradeStation
7
TOMCL taking off for 65% potential gains within next 3 monthsThe stock has recently made a divergence breaking 38.5 will trigger upside journey, however, keeping the SL at 31.7 , one can enter the trade with first TP of 45.6 which will be a gain of 18%. The second TP of the trade is Rs. 52.65 (total gain from entry point will be 36.7%), however, it will be confirmed once HH of 47.7 is break out If the HH is broken out, the final Target as per AB=CD pattern would be 61 which is around 58% upside from the entry price and ~65% if the trade is taken immediately with SL of 31.7
PSX:TOMCLLong
by Trader-Roze
Bears Beware! Something lingers hidden called the Golden Ratio.Bears Beware! After about a 5% run up back above the 100k barrier, BTC finds itself falling 1% testing the barrier once more. Could this be an imminent win for the bears? It may look like it at the surface but there are many indicators pointing up. The Squeeze Momentum Indicator The squeeze momentum indicator finds squeezes where price action has ping-pong movement with little volatility. The histogram shows the direction of the momentum and the black dots show if there is a squeeze occuring with the white dots indicating that the squeeze has release. At this critical point we can see price regaining upward momentum. Hidden Bullish Momentum Typically, higher highs on the price chart with lower or even highs on the oscillator indicate bearish reversals. However, we can see a hidden bullish divergence occuring with higher price lows and lower oscillator lows. This typically indicates not a reversal but a continuation. The Golden Ratio If we draw a fibbonacci extension (starting from where the upward momentum starts locally, to where price action reverses downward, and finally to where it reverses upward) we can see critical fibb zones that can act as support and resistance. The one that the Bulls and the Bears are currently fighting over is one of the most vital fibb regions - The Inverse of the Golden Ratio (1/1.618 = 0.618) - which is conveniently around the 100k price level. What matters now is if BTC can continue to break through this level and turn it into support. BTC has shown the amount of upward momentum it has behind it seeing how after breaking through the 0.618 fibb level, it broke through the 0.768 fibb level reaching nearly 104k. If we are able to create support at the 0.618 level we may see enough momentum to reach the Golden Ratio, 1.618, fibb level of 117k. Always remember - Bears sound smart, Bulls make money. Don't forget - This is not financial advice.
INDEX:BTCUSDLong
by MisterEuclid
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT CRYPTO:BNBUSD 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone 655-680 ⚡️TP: 714 754 🔴SL: 617 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
6
GBPUSD Wave Analysis 12 December 2024 - GBPUSD reversed from resistance level 1.2780 - Likely to fall to support level 1.2635 GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close to the 50% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 1.2780 started the active minor impulse wave 1, which belongs to the higher impulse wave (1). Given the multi-month downtrend, GBPUSD currency pair can be expected to fall further to the next support level 1.2635 (low of the previous wave (B) from the end of November and the target for the completion of wave 1).
Short
by FxProGlobal