ENA | Facing some ResistanceEthena's decentralized stablecoin protocol is currently testing overhead resistance. Once this level breaks, further upside momentum appears likely. Technical analysis shows the Daily MA-50 approaching a bullish cross above the MA-200, suggesting additional strength ahead.
Moving Averages
COCHINSHIP :NSE TRENDLINE BO DTF/WTF POSITIONAL NEW Stock Analysis
Trade Plan:
Entry: 1580 50% of the total quantity at DTF Close, with an additional 50% added at 2130 DTF Close Price.
Stop Loss: 1340
Target 1: 2100
Target 2: 3000
Hold for a period of 6 months to 1 year or until the target 2 is reached.
Chart Pattern:
The stock experienced A BULL RUN FOR 6MONTHS period to touch an all-time high (ATH) of 2999 . A CONSIDERABLE PULL BACK FOR A MONTH AND NOW
Technical Indicators:
The stock’s daily timeframe (DTF) shows that the price is trading TODAY above the 50-day exponential moving average (EMA) and the 50-day EMA above the 200DEMA. The EMAs are in Ascending sequence of alignment. A potential bullish trend in formation on the DTF/WTF timeframe. The 20 DMA has turned upwards starting a bullish reversal and is below the 200DMA indicating an Early Entry
Volume Analysis:
There has been a gradual drying up of volumes on the sell side. There is buying in the past 4 days above the 20VMA. Price Breakout has been done yesterday and retest today take entry as recommended in Trade Plan.
Prioritize Watch List:
Keep this stock in your watch list for further analysis and potential trading opportunities.
Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Review your Portfolio periodically. Exit positions when the price closes 7-8% below your entry point or Earlier basis your Risk profile. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions.
Technical Analysis Concepts:
Multiple Time Frame Analysis (MTFA):
Daily Time Frame (DTF): Used for short-term analysis and identifying trends.
Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation.
Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis.
All-Time High (ATH): The highest price reached on a specific chart.
Lifetime High (LTH): The highest price reached over the entire chart’s history.
Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses.
Swing Trade: A trading strategy that involves holding positions for a significant period, typically few weeks to months.
Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
CHART PATTERNS
Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend.
Breakout (BO): A price move closure above a resistance or below a support level.
Flag & Pole BO: (F&P BO) Bullish Continuation Pattern
Consolidation : Price Typically Swings between a Range for a period of Time Long or Short basis the MTFA. Breaking out of this range UPWARDS is an opportunity to BUY and DOWNWARDS is SELL opportunity.
Moving Averages:
Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data.
Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks.
Fibonacci Retracement/Extension:
Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during re-tracements.
Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
Volume Strategy Idea I want show how to combine three of my scripts to derive trading signals. I am going to build this into a coherent Indicator, so any feedback while I am developing is appreciated.
You want to see VAMA defining the trend direction. Then you look to enter on the bars where the Volume Flow Indicator is issueing an New Signal (Dark Green or Dark Red), and Volume Bars showing a significant or massive volume event. These two signals must happen at the same bar and in the direction of the trend defined by the VAMA to confirm a signal.
Im working on this script as I write this and you will find it in my script library soon. I will call the Indicator "Volume Runner". Enjoy.
INDIGOPNTS NSE RBC BO SWINGINDIGOPNTS STOCK Analysis
TRADE PLAN
ENTRY -1525 50% Qty, Add 50% qty 1605 DTF Close
SL -1450
TARGET --01-1688 , TGT02--1726
Hold For a 3M or TGT 2
Chart Pattern :
STOCK is near to forming a 1Y2M RBC
INDICATORS EMA :
The Price is Currently Trading above 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in alignment where today an 4.8%+ price rise with Volumes indicating start of a bullish Trend on DTF/WTF.
FIBO/E :
Currently the price is below 23.6% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 1525.
Volumes: The volumes currently are not very exciting though above the 20VMA on lower Time Frame
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry) and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
$BTC 1 Hour again Update Possible ATH what if 99k was shoulder??Imagine that (I’m don’t make predictions for you to use on the market and it’s not advisable) the market we see on CRYPTOCAP:BTC and the 99.8k pump was just the shoulder of this bigger picture?
This could be exactly what the bulls are waiting on but maybe it’s not also. What do you think??
Please add some comments that are constructive so we can all work together to make more gains!
$BTC possible flip upward to new ATH? 1 hourSo I’m not an amazing trader and I don’t make your trades this isn’t advice as I am my own finacial adviser and that is how anyone trading should be so you can’t use this as a future prediction as I do not predict the future. Not finacial advice.
Please add any useful comments so we can grow and make money trading on the crypto markets!
EURUSD H1 28/11/2024 - SELL below 1.0510 OR BUY above 1.0560Key Levels from M30 and H1
Support Levels:
1.0520–1.0510 Zone: Currently holding as local support (aligned with Fibonacci 100% and Ichimoku baseline on H1).
1.0500: Psychological support level, aligns with the Fibonacci 161.8% extension.
Resistance Levels:
1.0553–1.0560 Zone: A consolidation resistance zone marked by Fibonacci 38.2% and near-term highs.
1.0580: Fibonacci 61.8% retracement level, strong resistance on the D1 chart.
Trendlines:
H1 chart shows a downward-sloping trendline from recent highs, indicating potential bearish pressure unless broken.
Momentum Indicators:
RSI (H1): Around 52, neutral but tilting bearish.
Stochastic (H1): Bullish crossover from oversold on M30, but H1 is still near neutral (around 34).
MACD (H1): Showing mild bearish divergence but flattening.
Volatility (ATR):
ATR (H1): 11 pips, suggesting moderate price movement potential.
Scenario A: Bearish Breakdown Trade
Rationale: If the price breaks below the 1.0520–1.0510 support zone, it could test lower levels like 1.0500 or 1.0450.
Setup Details:
Entry Price: 1.0510 (below Ichimoku support and 100% Fibonacci level).
Stop-Loss: 1.0535 (above the downward-sloping trendline and consolidation resistance).
Take-Profit Levels:
TP1: 1.0500 (psychological level).
TP2: 1.0475 (previous lows, close to Fibonacci 261.8%).
Risk/Reward Ratio: ~1:2.
Scenario B: Bullish Reversal Trade
Rationale: If the price breaks above the 1.0553–1.0560 resistance zone, it could retest higher levels like 1.0580 or higher.
Setup Details:
Entry Price: 1.0560 (above consolidation and Fibonacci 38.2%).
Stop-Loss: 1.0530 (below the breakout zone).
Take-Profit Levels:
TP1: 1.0580 (Fibonacci 61.8%).
TP2: 1.0596 (next significant high).
Risk/Reward Ratio: ~1:2.
XRP Whale Awakens: A Potential Catalyst for Price Surge?The cryptocurrency market has been excited as a significant whale movement involving XRP has been detected. A massive transaction worth $36.67 million has recently taken place, sparking speculation about a potential price surge for the digital asset.
The Whale's Move: A Bullish Signal?
Whale movements are often closely monitored by market analysts, as they can provide valuable insights into potential price trends. When large amounts of cryptocurrency are moved between wallets, it can indicate a variety of factors, including:
• Accumulation: Whales may be accumulating XRP in anticipation of a future price increase.
• Distribution: Conversely, whales may be distributing their holdings to take profits or reduce their exposure to the asset.
• Market Manipulation: In some cases, whale movements can be used to manipulate the market by creating artificial price swings.
While it's impossible to definitively determine the whale's intentions, the sheer size of the transaction has certainly caught the attention of the crypto community. Many analysts believe that this could be a bullish signal, suggesting that the whale may be preparing for a significant price move.
XRP's Recent Performance and Future Outlook
XRP has had a tumultuous journey in recent years, facing regulatory challenges and legal battles. However, the cryptocurrency has shown resilience and has managed to maintain its position as one of the top digital assets by market capitalization.
In the short term, the whale's recent move could provide a significant boost to XRP's price. However, the long-term outlook for the cryptocurrency will depend on several factors, including:
• Regulatory Clarity: A favorable regulatory environment is crucial for the growth of the cryptocurrency industry, including XRP.
• Technological Advancements: Continued innovation and development within the XRP ecosystem can attract new users and investors.
• Market Sentiment: Overall market sentiment and the performance of other major cryptocurrencies can also impact XRP's price.
Technical Analysis: A Bullish Perspective
Technical analysis of XRP's price chart suggests a bullish outlook. The cryptocurrency has formed a bullish pattern, indicating a potential upward trend. Additionally, key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence1 (MACD) are signaling a bullish crossover, further supporting the bullish thesis.
Conclusion
The recent whale movement involving XRP has sparked excitement and speculation within the crypto community. While it's important to approach any investment with caution and conduct thorough research, the potential for a price surge cannot be ignored.
However, it's crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before making any investment decisions.
By staying informed about the latest market trends, conducting in-depth technical analysis, and diversifying your portfolio, you can increase your chances of success in the dynamic world of cryptocurrencies.
Cardano (ADA) Reclaims $1, Eyes Crucial Resistance Zone
Cardano (ADA), the popular layer-1 blockchain platform, has once again surged above the significant $1 price level. In the past 24 hours, the altcoin has witnessed a remarkable seven percent increase, fueling optimism among investors. As ADA approaches a crucial resistance zone, analysts closely monitor its price action to gauge its potential future trajectory.
A Closer Look at the Technical Analysis
A technical analysis of ADA's price chart reveals a bullish sentiment. The recent surge has pushed the altcoin above several key resistance levels, including the 200-day moving average. This positive price action indicates a potential shift in market sentiment, with investors becoming more optimistic about ADA's prospects.
However, ADA still faces a significant challenge in the form of a strong resistance zone between $1.10 and $1.15. This zone has historically proven to be a formidable obstacle for the altcoin. If ADA can successfully break through this resistance, it could pave the way for further upside potential.
On the other hand, a failure to overcome this resistance zone could lead to a potential price correction. In such a scenario, ADA might retest the $1 support level. Therefore, it is crucial to monitor the price action around this critical resistance zone in the coming hours.
Factors Driving ADA's Recent Surge
Several factors have contributed to ADA's recent price surge:
1. Network Upgrades: Cardano has been actively working on various network upgrades and improvements, including the Vasil hard fork. These upgrades have enhanced the network's scalability and performance, making it more attractive to developers and users.
2. Growing Developer Community: The Cardano ecosystem has witnessed a significant increase in developer activity. More and more projects are being built on the Cardano blockchain, which could drive demand for ADA.
3. Positive Market Sentiment: The broader cryptocurrency market has been experiencing a period of relative stability and growth. This positive market sentiment has benefited ADA and other altcoins.
4. Institutional Interest: Institutional investors are increasingly showing interest in Cardano. This growing institutional adoption could provide long-term support for ADA's price.
What's Next for ADA?
The short-term outlook for ADA is cautiously optimistic. If the altcoin can successfully break through the $1.10 to $1.15 resistance zone, it could potentially rally towards the next major resistance level at $1.25. However, a failure to overcome this resistance could lead to a price correction.
Long-term, ADA's success will depend on its ability to attract and retain developers, as well as its ability to deliver on its technological promises. If Cardano can continue to innovate and grow its ecosystem, it has the potential to become a major player in the cryptocurrency market.
Conclusion
Cardano's recent price surge and the potential for further upside have generated excitement among investors. However, it is essential to approach this development with caution and conduct thorough research before making any investment decisions.
As always, it is crucial to diversify your portfolio and manage risk effectively. By staying informed about the latest market trends and developments, investors can make informed decisions and maximize their returns.
Bullish Reversal?Based on the technical data I have graphed. Seems to be a bullish reversal in the short term, hoping that the support holds for more upside. Stay alert and watch the support levels for break away or break down. Good luck investors/traders.
Purely my opinion based on technical data and not financial advice!
LYV extremely stretched to the upsideUsing the MFI indicator on the 4D chart, you can see that past OB readings (orange boxes) were highly correlated with price corrections. I expect a correction soon, but it might not happen until after Trump is inaugurated. I would express this thesis with an out-of-the-money put with expiration between June 2025 and January 2026.
#AXSUSDT #1D (Bybit) Big falling wedge breakoutAxie Infinity regained 50MA support after a long downtrend, looks ready for mid-term recovery towards 200MA resistance.
⚡️⚡️ #AXS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 4.6%
Current Price:
5.202
Entry Targets:
1) 4.854
Take-Profit Targets:
1) 6.947
Stop Targets:
1) 3.805
Published By: @Zblaba
NYSE:AXS BYBIT:AXSUSDT.P #Axie #NFT #P2E axieinfinity.com
Risk/Reward= 1:2.0
Expected Profit= +86.2%
Possible Loss= -43.2%
Estimated Gaintime= 1-2 months
SNEK: Adapted tools for Regime filtering & SystematisationYou should never rely solely on one tool when trading, think of trading as putting together a jigsaw.
You are looking to form a picture.
The more tools at your disposal allow you to form this jigsaw and make better, more informed decisions.
Understand these concepts:
- Orderflow
- Momentum
- Trend-following
- Volatility
- Time
- Price
Here's the #SNEK SNEK/USDT chart leveraging a few of my tools:
- Momentum (Adapted RSI w/ Multi-Crypto Regime Detection)
- Trend-following (SMA RF)
- Volatility, Time, Momentum, & Trend are packaged in a third strategy with the long/short signals...
Systematising our trading.
Believe in something.
Naukri's improving technicalsNaukri's stock has seen a strong improvement in the last two days.
i. Prices have gone above the 8EMA, with the structure of MA's at a benign 8EMA>50SMA>200SMA.
Note: The 20SMA has not yet gone above the 50SMA and 200SMA. That would be a strong point to notice. Once the MA structure is at Price>8EMA>20SMA>50SMA>200SMA - It would be a theoretically perfect structure to consider a long position.
ii. The On Balance Volume continues to remain strong and improve.
iii. The RSI continues to make HH's as seen in the underlying price action.
A strong uptrend could be in the making, once it crosses the previous high level (that was the resistance of its time) at around 8460-8470 levels. Most probably, that would also mark the 20SMA rising above the 50SMA and 200SMA - a cherry on the top!
AXLUSD golden cross on approachAxelar (AXLUSD) has yet to see significant movement this cycle unlike alts, especially the other coins related to CRYPTOCAP:XRP ( CRYPTOCAP:XLM , BLACKBULL:SOLO , MEXC:COREUMUSDT ). As the market cycles into the lower caps I suspect COINBASE:AXLUSD and COINBASE:DIAUSD (both related to Ripple) to move.
COINBASE:AXLUSD is showing an golden approaching golden cross on the daily with the 21 day SMA about to cross up through the 255 day SMA in the next week. The last time this happened was November 2023 after which COINBASE:AXLUSD did a 4-5x in the following months.
I expect a market cap for COINBASE:AXLUSD between $5-$10 B by 2026 to make it comparable to peers such as MYX:COSMOS & CRYPTOCAP:DOT although COINBASE:AXLUSD current inflationary tokenomics are not appealing.
Bitcoin's $92K Correction: A Deep Dive into the Real CulpritBitcoin, the world's largest cryptocurrency, has recently undergone a significant price correction, dipping below the crucial $92,000 level. While many analysts initially pointed fingers at the influx of Bitcoin Exchange-Traded Funds (ETFs) as the primary catalyst for this downturn, on-chain data paints a different picture.
The Myth of ETF-Induced Selling Pressure
The narrative that ETF inflows have been the primary driver of Bitcoin's recent price decline has gained traction in certain circles. However, a closer examination of on-chain data reveals a different story.
• Long-Term Hodlers Remain Resilient: Despite the market downturn, long-term Bitcoin holders, often referred to as "whales," have shown remarkable resilience. These individuals, who have held their Bitcoin for extended periods, have not been significant sellers during the recent correction.
• Short-Term Holders Under Pressure: In contrast to long-term holders, short-term holders have been more inclined to sell their Bitcoin, particularly during periods of market volatility. This suggests that the recent price decline may be more attributable to profit-taking by short-term investors rather than a broader market sell-off.
A Normal Correction, Not a Bear Market
It's important to recognize that the current price correction is a natural part of the cryptocurrency market cycle. Bitcoin has experienced similar corrections in the past, often followed by periods of consolidation and subsequent upward momentum.
• Technical Analysis Suggests a Healthy Correction: A closer look at Bitcoin's technical indicators reveals a healthy correction. The Relative Strength Index (RSI) has dipped below the overbought level, indicating that the recent price surge may have been overextended. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, suggesting a potential bearish trend in the short term.
• Support Levels to Watch: Traders and investors should keep an eye on key support levels, such as the 100-day moving average on the 4-hour chart. If Bitcoin can hold above this level, it could signal a potential reversal of the current downtrend.
The Future of Bitcoin: A Long-Term Bullish Outlook
Despite the recent price correction, the long-term outlook for Bitcoin remains bullish. Several factors continue to drive the adoption and value of Bitcoin:
• Institutional Adoption: Major financial institutions and corporations are increasingly recognizing the potential of Bitcoin as a valuable asset class. This institutional adoption is likely to fuel further price appreciation in the long run.
• Deflationary Supply: Bitcoin's fixed supply of 21 million coins ensures that its value will appreciate over time as demand increases.
• Global Economic Uncertainty: As global economies grapple with inflation and geopolitical tensions, Bitcoin's appeal as a hedge against inflation and a store of value is likely to grow.
In conclusion, while the recent price correction may have caused some short-term volatility, it is important to maintain a long-term perspective. Bitcoin's underlying fundamentals remain strong, and the cryptocurrency is well-positioned to continue its upward trajectory in the years to come.
Disclaimer: This article is for informational purposes only and should not be construed as financial1 advice. It is important to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.2
Cardano's Resurgence: A $1 Reclaim and a Bullish OutlookCardano (ADA), the blockchain platform known for its scientific approach and focus on sustainability, has recently made significant strides.1 The cryptocurrency has not only reclaimed the crucial $1 price level but has also witnessed a surge in network growth, sparking optimism among investors and analysts alike.2
Reclaiming the $1 Mark
After a period of consolidation, ADA successfully broke through the psychologically significant $1 resistance level.3 This achievement marks a significant milestone for the cryptocurrency, which has been steadily gaining momentum in recent months.4 The price surge can be attributed to several factors, including increased network activity, positive market sentiment, and growing institutional interest.5
Network Growth and Adoption
One of the key drivers behind Cardano's recent price appreciation is the substantial growth in its network activity.6 The number of daily active addresses on the Cardano blockchain has surged, indicating increased user engagement and adoption.7 This uptick in user activity is a strong indicator of the network's health and potential for future growth.8
Furthermore, Cardano's Total Value Locked (TVL) has also experienced significant growth, reflecting the increasing popularity of decentralized applications (dApps) and other projects built on the platform. As more projects and users choose Cardano, the network's value proposition strengthens, attracting further investment and attention.9
Technical Analysis: A Bullish Outlook
From a technical perspective, Cardano's price action appears to be forming a bullish pattern. The recent breakout above the $1 resistance level has provided strong confirmation of the uptrend. Additionally, key technical indicators such as the Relative Strength Index (RSI) and Moving Averages (MAs) are signaling bullish momentum.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.10 While the technical indicators suggest a potential for further upside, conducting thorough research and considering risk management strategies is crucial before making any investment decisions.
Future Potential and Challenges
As Cardano continues to mature and evolve, it has the potential to become a leading player in the blockchain industry. The platform's focus on sustainability, scalability, and security positions it well to address the challenges faced by other blockchains.11
However, Cardano still faces several challenges, including competition from other established and emerging platforms.12 Additionally, the regulatory environment for cryptocurrencies remains uncertain, which could impact the adoption and growth of the industry.13
Conclusion
Cardano's recent price surge and increased network activity are positive signs for the future of the platform. The cryptocurrency's strong fundamentals, coupled with a growing community and a dedicated development team, position it well for long-term growth.14
While the short-term price movements may be subject to market volatility, the long-term outlook for Cardano remains bullish.15 As the network continues to mature and attract more users and developers, ADA has the potential to reach new heights and solidify its position as a leading blockchain platform.16