EXIDE offers more than 55% gains on prevailing price LevelsThe stock is in Bullish Momentum, for those, willing to take secure trades, should enter at a price above 1166 for the Target of 1458 potentially can make 25% gain on these levels.
However, anyone wish to take calculated risks, can enter the trade now with the SL of 775, for TP1 of 1101, TP2 of 1264 and TP3 of 1427 with upside potential over 55%
M-oscillator
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.
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.
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 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.
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.
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
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.
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.
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).
Bitcoin Dominance Broken Down: Time to shift to holding alts..The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps and eventually the microcaps and meme coins (which then marks the time to sell).
The BTC.D weekly chart had finally broken down below the red long-term support trendline, suggesting capital shifting into altcoins. Need another ~3 days for the current weekly candle to close below to confirm.
The Fusiongap {50/15} had also registered "bearish" on the BTC.D chart, which further supports this thesis.
Hence this suggest that it is safe to continue to DCA into mid-cap altcoins such as KASPA (KAS) with many higher mcap OG coins having already pumped close to their previous cycle ATH. Will start DCAing out of the market once the micro-caps and a kinds of memecoins start pumping, probably approx. in a year time.
GBP/USD Ascending channel short term long term Hi traders, we are taking look into GBP/USD as a short term long position currently there has been an ascending channel formulated and we can see that the RSI is pointing into a nice uptrend -
Entry : 1.27600
Target : 1.27960
Stop loss : 1.27454
2.20:1 RR (Risk to Reward Ratio)
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
SOLUSDT Trade LogSOLUSDT Short Setup (4H)
Trade Logic:
- Entry: Short within the 4-hour Fair Value Gap (FVG) following a strong sell signal.
Confluence Factors:
- Overextension: Price shows significant overextension above key resistance levels, increasing the probability of a reversal.
- Market Structure Shift (MSS): Clear break of bullish structure, signaling a potential trend reversal.
- Long Squeeze: Evidence of trapped long positions, adding downward pressure as they exit.
- Declining CVD (Cumulative Volume Delta): Weak buyer momentum during the recent price rally, supporting bearish bias.
- Risk-Reward: Minimum 1:2 RRR with stop-loss above the FVG and a maximum risk of 1% of account balance.
- Target: TP1 at the next structural demand zone; TP2 near key psychological support (e.g., $50).
Macro Context:
- Market Sentiment: Broader crypto market shows risk-off behavior as BTC retraces, aligning with bearish SOLUSDT bias.
- Funding Rates: Positive funding rates indicate aggressive long positioning, increasing short squeeze potential.
- On-Chain Metrics: Declining SOL staking activity and increased token flow to exchanges suggest reduced demand and potential sell pressure.
Keep stops tight and reassess if SOL breaks back above the 4H FVG, invalidating the setup.
Continued Pressure on NZD/USD Following a Brief Seller RespiteTechnical Outlook
The NZD/USD pair has resumed its downtrend following a brief consolidation phase. Sellers have aggressively pushed the pair toward the most recent low at 0.58217. A confirmed break below this level could open the door for further declines, with immediate support targets at 0.58177, 0.58126, and the psychological threshold of 0.58070.
The Bollinger Bands exhibit a pronounced downward slope, signaling heightened bearish volatility. Additionally, the moving averages are aligned in a bearish crossover, reinforcing the dominance of sellers in the current market structure.
Alternative Scenario
To counter this bearish outlook, buyers would need to reclaim the immediate resistance at 0.58364.
Key Events to Watch
Market participants are closely monitoring US economic data, including non-farm productivity and unit labor costs, as well as a long-term Treasury bond auction. These reports are expected to influence USD strength, potentially impacting NZD/USD volatility further.
#001 New DCA USDJPY Short RangeShorting USDJPY.
I am restarting my count.
I think I have to trade less and be specific if I am trading ranging or trending market.
Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more.
But also, to not multiply my positions as much as I can and to keep my multipliers reasonable.
DCA less and at more prominent areas of value, focus on Hourly Time Frame and above because it provides a higher pip TP than 15 minutes time frame where I take on average 40cents as compared to now I am taking 1$ or so per position while risking 0.01cents SGD.
1345SGT 10122024
21 DAYS TO 2025.
Also, stochastic 20,1,1 and swings is a very good tool to tell if price is trending or ranging.
$SPY December 10, 2024AMEX:SPY December 10, 2024
15 Minutes.
605 as expected was done.
Downtrend confirmed as long AMEX:SPY is below 607 levels.
607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08
This 606-607 is a level to short.
For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.
Soif 604 is broken today 599-600 is my target for today.
In daytime frame AMEX:SPY took support at 9 averages.
21 average is 598 levels.
For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.
We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.