The TradingView Digest - March 5thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on “The Leap” - our first ever paper trading competition, an informative post about Nvidia’s euphoric rise, and all the latest headlines, earnings, and economic events.
💡🎥 The Leap - Win up to $10,000 - by TradingView/
We’re spinning up the first-of-its-kind trading competition and you’re all welcome to join! Traders, speculators, active investors and even the FX gurus on Instagram and the “live like me” trading influencers — this one’s for you all. Show us what you’re made of in our first-ever paper trading competition, The Leap. The Top 5 get to walk away with real cash. From first to fifth, prizes are as follows: $10,000, $5,000, $3,000, $2,000 and $1,000.
💡🎥 Why Central Banks are Buying Gold - by konhow
While many of us celebrate the stock markets reaching new highs, central banks worldwide are actively purchasing gold and institutions are hedging into treasuries to secure yields. It's important to note that interest rates are determined by central banks, while yields are determined by investors.
📰 Top Stories
Elon Musk vs. Everyone: The New Fight in AI
How the U.S. economy could slide into a Japan-like 'lost decade'
Nvidia Stock Soars on Meta AI Deal
Lockheed Martin Gets $663.1 Million Contract Modification from U.S. Department of Defense
Breaking: BlackRock Bitcoin ETF Overtakes the Largest Silver Trust with MUN:10B AuM
💵 Earnings highlights from the previous week:
Dell Stock Pops 20% on Earnings Beat, Strong Guidance & Hot AI Servers Demand
Tidewater Q4 Earnings, Revenue Rise; Full-Year Revenue Guidance Reiterated
MasTec Q4 Adjusted Earnings Fall, Revenue Rises
Pactiv Evergreen Q4 Adjusted EPS Increases, Revenue Drops
FuboTV Reports Q4 Loss, Tops Revenue Estimates
💡 Nvidia’s Formidable Rise - by TradingView
Intense demand for Nvidia's AI chips increased the company's value to $2 trillion, with half of this growth occurring in less than four months. This demand significantly boosted Nvidia's stock price, making it one of the top three largest companies in America, right behind Apple and Microsoft.
💡 How to Trade Gaps - by ShaneBlankenship
There are several ways to trade gaps, but first, there should be a solid understanding of what gaps are and how they manifest. Markets aren't difficult to read if we have some simple methods to observe them that adhere to the principles of movement. A gap is the sudden supply/demand imbalance that arises from contraction and manifests as expansion.
🌟 Script of the Week
📜 Daily Chess Puzzles - by Lux Algo
This script delivers a new one-move chess puzzle to the chart every day.
💭 Our Weekly Thought:
“Not being stressed from a loss is the real flex.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
NEWS
EURNZD wating for Eurozone dataAfter forming of the desceding channel the price reached to supply zone combine with resistance line. The resistance line is not so hard because the prices have touched it only 2 time and now is the 3rd. Everything depends on the data which eurozone will share. If they are positive for the EUR then may be after a retest, an idea for long position will be great. If the news are bad for EUR then a short position will be good.
Forex preview: NFP, Powell’s testimony, and BoC and ECB decisionThe key events for the week are concentrated mainly between Wednesday and Friday.
In the United States, the focus will be on January jobs data and speeches by Federal Reserve officials. The most important of the bunch is of course Federal Reserve Chair Powell two-day testimony in Congress on monetary policy starting Wednesday. Traders will look for cues regarding the future trajectory of monetary policy, with special attention paid to the Q&A session following Powell's opening remarks.
Friday will bring the release of Non-Farm Payroll (NFP) data, with expectations of a 188,000 job increase in February. This would be a significant drop from the 353,000 jobs added in January. JOLTs job openings are anticipated to fall to 8.9 million in January after two consecutive months of increases (Wednesday).
In Canada, the Bank of Canada is anticipated to maintain interest rates unchanged for the fifth consecutive time on Thursday.
In Europe, the European Central Bank (ECB) is expected to keep rates unchanged on Thursday. ECB members continue to advocate for a patient stance, with the consensus being to wait for Q1 2024 wage data before considering a rate cut in June, aligning with current market expectations.
In the United Kingdom, all eyes will be on Finance Minister Jeremy Hunt's pre-election budget on Wednesday, which is expected to include tax cuts, which according to the guardian “... runs the risk of getting an adverse reaction from the markets which would snuff out what is still a lukewarm and tentative economic recovery.”
Bitcoin exhausted news ( read caption)I think Bitcoin growth potential is not yet exhausted this mean Bitcoin retest the level $59,370 or $58,890 then we think about the pullback of the Bitcoin to support level
Bitcoin Surges To New 26-Month High, ‘Whales Go Parabolic’ As Analyst Forecasts Rally Toward $59,370
Bitcoin (BTC) has experienced a surge of over 3.6% in the past week.
The gains have propelled the Bitcoin price to reach a new 26-month high of $53,360 on Monday.
Crypto analyst highlights the significant activity of the BTC whales.
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Dollar Anticipation: High Impact News AnalysisWe are anticipating the release of High Impact News today, which is expected to significantly impact the dollar. With this in mind, I maintain an overall bullish outlook on the dollar. However, before this bullish momentum unfolds, I anticipate a series of market movements.
Initially, I foresee a draw towards filling the liquidity void left by yesterday's volatile move. This would involve a movement towards the H4 Order Block. Following this, I anticipate a temporary bearish draw aimed at mitigating the H1 Order Block and filling its Liquidity Void. Once these steps are completed, I expect the bullish momentum to take precedence, setting the stage for a long-term bullish bias.
Stay tuned for further updates and analysis as the market evolves.
Kind Regards,
The_Architect
Gold Analysis: Will the Critical Resistance Hold or Break Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel!
Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities:
1. Gold may fail to break above this resistance and continue its downward movement from this area.
2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058.
Pay attention to the news! News events shape all trends! 📈
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets.
In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro.
Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro.
Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term.
---
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MY IDEA FOR BITCOIN(BTC) UP TO ....., READ THE CAPTIONBitcoin has surged to impressive heights, marking a remarkable 26-month high as it soared to $53,360, a gain of over 4.6% within just 24 hours. Analysts are buzzing with excitement, with some like Ali Martinez pointing out the significant activity among Bitcoin whales. 🐋 These major players in the crypto market seem to be going parabolic, indicating a bullish sentiment and fueling speculation about a potential rally towards $60,500. It's a testament to the growing interest and confidence in Bitcoin as it continues to make strides in the financial landscape. 📈🚀
What do you think about this please leave your comments, for more uptades and analysis like comments and follow thank you for your love and support.
The TradingView Digest - February 27thThe TradingView Digest - February 27th
Hey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on TradingView’s paper trading feature, an informative post about Bitcoin halving, a post on finding trade setups, and all the latest headlines, earnings, and economic events.
💡🎥 How-To: Use the TradingView Paper Trading feature - by TradingView
TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾
💡🎥 Understanding Momentum to find the Best Setups - by TradeTheStructure
In the video, I discuss how I analyze momentum using MACDs and 5-minute/1-minute charts for day trading. This approach helps me filter out the best setups, positioning myself strategically in the market and within the right trading zones. The key concepts covered in this video include momentum, price action, candle analysis, and multi-timeframe analysis.
📰 Top Stories
Nvidia Market Cap Hits $2 Trillion During Post-Earnings Rally
Google Halts Gemini's Image-Generation Over Bias
Does Bitcoin Halving Still Matter in 2024?
Home Buyers Are Back in the Market. They're Shrugging Off Higher Prices and Mortgage Rates
Riot Platforms boosted BTC output by 19% in 2023, mines 6,626 Bitcoin
💵 Earnings highlights from the previous week:
Warner Bros. Discovery's Q4 Net Loss Narrows, Revenue Declines
Berkshire Hathaway reports record cash as earnings pop in Q4
Block's Q4 Earnings Surge
American Software (AMSWA) Q3 Earnings and Revenues Beat Estimates
Mercedes' (MBGAF) Q4 Results, Buyback & EV Strategy in Focus
💡 What Is Bitcoin Halving? Here's All You Need to Know - by TradingView
Halving, a milestone event in the crypto space, occurs approximately every four years, reducing Bitcoin's mining rewards every 210,000 blocks. Satoshi Nakamoto, the individual or group that created Bitcoin, set a fixed limit of 21 million coins, ensuring that the total amount of Bitcoin can never go above that number.
💡 Bad News for USD Longs? - by FPMarkets
According to the US Dollar Index, dollar longs are under pressure. Despite technically still exhibiting an uptrend, there are signs of emerging technical weakness. Since topping at 104.97 in mid-February, just shy of the resistance at 105.04, price action has tunneled through support at 104.15 (now marked as resistance), in addition to channel support extended from the low of 100.62.
🌟 Script of the Week
📜 Percent Rank Histogram - by VanHe1sing
This script visually displays the percentage of historical data points that are less than or equal to the current value for multiple financial instruments.
💭 Our Weekly Thought:
“Good traders try to avoid losing money. Great traders accept they will lose money.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
Crypto News: Feb 21,2024Crypto News: Feb 21,2024
1. Circle Discontinues Support for Tron Blockchain 🚫
Stablecoin issuer Circle has announced that it will no longer support USDC on the Tron blockchain.
"Circle is discontinuing support for USDC on the Tron blockchain in phases. From this point forward, we will not mint USDC on Tron," the statement read.
Transfers of USDC to other blockchains will be supported until February 2025.
In its decision, Circle cited risk management considerations. "This action is consistent with our efforts to ensure that USDC remains reliable, transparent, and secure," the company stated.
Following this news, the price of TRX, the native coin of the Tron blockchain, remains stable, hovering around 14 cents.
2. Swiss PostFinance: Crypto Trading Starting at $50 💲
PostFinance, a systemically important bank in Switzerland, is launching a new service for its clients—cryptocurrency trading with an entry threshold of $50.
"Cryptocurrencies represent another investment opportunity that is here to stay. The advantage is that our 2.5 million clients can now easily and safely invest in cryptocurrencies," said Philipp Merkt, Director of Investments at PostFinance. "In addition to traditional asset classes such as stocks and bonds, cryptocurrencies represent an attractive investment opportunity within alternative investments."
Thanks to this new offering, PostFinance customers can trade cryptocurrencies from their accounts 24/7.
PostFinance is one of the leading financial institutions in Switzerland, with assets valued at 106 billion francs.
🟢 Current cryptocurrency market capitalization is $2.076 trillion
🟢 Trading volume over the last 24 hours is $103.51 billion
🟢 BTC dominance is 49.2%
🟢 Crypto Fear & Greed Index:
Today 78 "Extreme Greed", Yesterday 72 "Greed", A week ago 72 "Greed"
where, 0 is "Extreme Fear" (can be a sign that investors are too scared—often a good time to buy), and 100 is "Extreme Greed" (the market may need a correction).
On Tuesday, Bitcoin encountered strong resistance at the $53,000 level, initiating a price correction. Today, February 21, 2024, the price dropped to $50,535, narrowly holding the price. I expected a swift fall to $48,000. Let's continue...
Meanwhile, the price of ETH surpassed the $3,000 mark for the first time since April 2022 on Tuesday, continuing its growth streak. The second-largest cryptocurrency by market cap gained about 2.0% in the last 24 hours and has risen more than 13% over the past week.
In March, the Ethereum network awaits the significant Dencun update. Speculation around the launch of spot Ethereum ETFs continues, with the SEC facing initial deadlines for applications for this new exchange-traded product in May.
Is the Market Experiencing Euphoria? 💲
Glassnode reports that the cryptocurrency market is currently teetering between Greed and Euphoria:
Greed has been the prevailing sentiment since October 2023, with a brief period of neutrality during the January drop when BTC's price fell 20% below the $40,000 mark. However, numerous indicators suggest that the peak of Euphoria is still ahead.
For example, Google Trends shows that search queries for "Bitcoin" are currently significantly below the peak values of the 2021 bull rally:
The quarterly retail trading volume on Coinbase in the fourth quarter of 2023 amounted to $29 billion, whereas at the peak of 2021, the volume reached $177 billion.
Several indicators suggest that we are still far from the peak of market Euphoria (There hasn't been a crypto market peak or Alt Season yet). Everything lies ahead...
GBPJPY LONG ❤️Forex Besties❤️
INFORMATION
The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year.
Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession.
🔥BUY GBPJPY 188.400 - 188.600 SL @187.494
✅TP 1 @ 188.900
✅TP 2 @ 189.300
✅TP 3 @ 189.692
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
*Economic deterioration confirmed in Q4
*Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation
*Sterling eases further while FTSE 100 opens higher
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
XAUUSD FOMC UP then Downtrend❤️MY FOREX TEAM❤️
INFORMATION
Gold (XAU/USD) rose for the fourth straight session on Tuesday (+0.50% to $2,027), firmly establishing itself above the $2,025 mark, supported by declining U.S. Treasury yields and a subdued U.S. dollar, with risk-averse sentiment on Wall Street likely reinforcing the metal’s advance.
💲BUY GOLD 💲
💲SELL GOLD 💲
Signal Updates in chart. Followers continuously receive update.
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
FOMC MINUTES IN FEW HOURS
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
The TradingView Digest - February 20thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes an informative post about Apple’s valuation, a strategy for trading opening range breakout, a hot script on Ichimoku Oscillator, and all the latest headlines, earnings, and economic events.
💡 Apple’s Valuation
When we look at Apple historically, the valuation is higher than average, with lower than average sales growth. Compare today's prices to the low prices of 2013, 2016, and 2018/2019, and you can see that you could buy Apple at 2.13, 2.20, and 2.68 times sales, with sales growing at sharply higher rates compared to now, where sales are growing at the slowest rate and reaching a peak valuation at 8.02 times sales.
By timwest
💡 Timely Opening Range Breakout Strategy
Open Range Breakout (ORB) is a simple strategy that day traders use in relatively low-volatility markets. The Opening Range usually refers to the highest and lowest prices within the first 15 to 60 minutes of the market opening. These levels then serve as your resistance and support, guiding your trading plan for the day.
By Zeiierman
📰 Top Stories
Coinbase Stock Pops 14% on First Quarterly Profit Since 2021 as Trading Picks Up
Blackrock’s Bitcoin ETF Holdings Near 110K BTC
Why high-yield bond ETFs may deliver 'surprise' outperformance in fixed income in 2024
Microsoft's $3.44B German AI Investment
UK Records Biggest Monthly Retail Sales Rise Since April 2021
💵 Earnings highlights from the previous week:
Eni Earnings Fall on Lower Energy Prices
Alliant Energy's Q4 Earnings Rise, Revenue Falls; 2024 Outlook Maintained
Airbus Posts Lower FY23 Net Income; Revenue Grows
IAMGOLD Corp reports results for the quarter ended in December
Schneider Electric Reports Growth in FY23 Net Income, Revenue
💡🎥 Thoughts and Analysis on US30
What a solid run we have seen until the CPI data! After the US CPI came in hotter than expected, it shocked the market, leading to heavy selling on stock indexes and risk currencies with a flight to safety (USD). Is this merely a buying opportunity, or could it signal a potential momentum change? Watch the video to find out.
By Eightcap
🆕 TradingView and Coin Metrics: New Era in Crypto Asset Analysis
Coin Metrics, renowned in crypto financial intelligence, has now integrated its dataset into the TradingView platform. Coin Metrics brings robust data on crypto networks, enriching the decisions of traders and investors with accurate information. Through this partnership, over 50 million TradingView users now have access to even more detailed and comprehensive information to analyze crypto assets.
By TradingView
🌟 Script of the Week
📜 Ichimoku Oscillator
This script utilizes various Ichimoku Cloud features to identify trend and potential entry/exit levels.
By LonesomeTheBlue
💭 Our Weekly Thought:
“There is never a rush to buy or sell.”
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
TradingView Team
📣 Want to be among the first to know all the news? Give us a follow!
ZEEL : Bottom is MakingZEEL is around Long term Support
Support zone is around 130-150
And Stock is also making falling channel on a weekly timeframe.
Falling channel support is around 130-150
If we connect the dots we can see 1301-50 is the strong support zone.
We can expect price to bounce 150-200% from current prices.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
XAUUSD⚡️FOMC Minutes eyed⚡️❤️MY FOREX TEAM❤️
INFORMATION
Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014, gaining 0.12% on the day.
💲BUY GOLD 1980-1985 💲
SL @ 1977
TP 1 @ 1990
TP 2 @ 1998
TP 3 @ 2009
💲SELL GOLD 2027-2030 💲
SL @ 2035
TP 1 @ 2020
TP 2 @ 2010
TP 3 @ 2000
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
XAUUSD SHORT - GOLD UNDER PRESSURE❤️Forex Besties❤️
INFORMATION
Gold price attracts some buyers amid sliding US bond yields and subdued USD price action.
Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD.
Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal.
🔥Sell Gold 2013 - 2017 SL @2022
✅TP 1 @ 2007
✅TP 2 @ 1985
✅TP 3 @ 1977
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price (XAU/USD) edges higher during the first half of the European session and moves away from a two-month low, near the $1,984 area touched the previous day.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
ACA.X in upward trendACA.X in upward trend: 10-day moving average broke above 50-day moving average on February 11, 2024
The 10-day moving average for ACA.X crossed bullishly above the 50-day moving average on February 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 88%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ACA.X as a result. In 24 of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 51%.
The Moving Average Convergence Divergence (MACD) for ACA.X just turned positive on February 02, 2024. Looking at past instances where ACA.X's MACD turned positive, the stock continued to rise in 13 of 20 cases over the following month. The odds of a continued upward trend are 65%.
ACA.X moved above its 50-day moving average on February 08, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +12.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where ACA.X advanced for three days, in 87 of 125 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
Bearish Trend Analysis
The 10-day RSI Indicator for ACA.X moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 similar instances where the indicator moved out of overbought territory. In 7 of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at 47%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ACA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
ACA.X broke above its upper Bollinger Band on February 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ACA.X entered a downward trend on February 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 36 of 58 cases over the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 66 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 188 of 304 cases where ADA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
ADA.X broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
BNB.X in +5.27% UptrendBNB.X in +5.27% Uptrend, rising for three consecutive days on February 09, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNB.X advanced for three days, in 245 of 445 cases, the price rose further within the following month. The odds of a continued upward trend are 55%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 07, 2024. You may want to consider a long position or call options on BNB.X as a result. In 65 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on February 08, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 27 of 60 cases over the following month. The odds of a continued upward trend are 45%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 42%.
BNB.X broke above its upper Bollinger Band on February 08, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BNB.X entered a downward trend on January 30, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
SOL.X in +6.17% UptrendSOL.X in +6.17% Uptrend, advancing for three consecutive days on February 10, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SOL.X advanced for three days, in 240 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2024. You may want to consider a long position or call options on SOL.X as a result. In 68 of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for SOL.X just turned positive on January 29, 2024. Looking at past instances where SOL.X's MACD turned positive, the stock continued to rise in 32 of 52 cases over the following month. The odds of a continued upward trend are 62%.
SOL.X moved above its 50-day moving average on February 07, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SOL.X crossed bullishly above the 50-day moving average on February 03, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
The Aroon Indicator entered an Uptrend today. In 202 of 284 cases where SOL.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOL.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
SOL.X broke above its upper Bollinger Band on February 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The TradingView Digest - February 13thHello, readers! We're delighted to announce the relaunch of our Weekly Digest, now optimized for an improved reading experience.
Join us for a knowledge-enriched learning journey. Without delay, let's dive in! 🙂
In today’s edition, we’re highlighting the top posts from our community. This includes an informative post about Stan Weinstein's stage analysis, a video tutorial on market liquidity, a hot script on volume footprint, and all the latest headlines, earnings, and economic events. 🔥
⦿ Stan Weinstein’s method of Stage Analysis
Stage analysis is a powerful technique in trading that segments market trends into distinct phases, each offering unique opportunities and challenges. Developed by Stan Weinstein, this method helps traders understand and anticipate market movements.
By FXOpen
⦿ Understanding Liquidity
Liquidity is essentially composed of orders in the marketplace. Since trading operates as a zero-sum game, without liquidity, trading becomes impossible. To put it simply, if you want to buy, you need someone to sell to you, and vice versa.
By TradinG_Grace
⦿ Top Stories
SoftBank Swings to Surprise $6.4B Profit After Four Down Quarters, Arm Stake Nets $16B
Intel Chip Sales Halted by German Court
Bitcoin Halving Preparations Prompt Surge in Miner Outflows: Bitfinex Insights
Pharmacy Chains Are in a World of Hurt. Blame Shrinking Drug Reimbursements
Cloudflare's stock catapults 24% higher as earnings bring 'a lot to like'
⦿ Earnings
Earnings highlights from the previous week:
Alibaba's Q3 Earnings Fall, Approves $25B Buyback
Ford's Q4 Revenue Up 4%
Costco's Net Sales Rise in 2024
Adobe's Earnings to Rise 15.3%
⦿ How to Create a Solid Portfolio
Building a strong portfolio can be challenging for most investors. Knowing easy ways to start that journey can greatly improve your performance as an investor. In this post, we'll show you how to better pick stocks, using the NAS100 as an example.
By thesharkke
⦿ Bullion Ballet: Trading the Gold Platinum Ratio
Gold is a preferred precious metal driven by consumer jewelry demand, investment, and monetary policies. Platinum, also precious, is used for jewelry and somewhat as an investment. Unlike gold (6% industrial demand), platinum relies heavily on industry (73%).
By mintdotfinance
⦿ Script of the Week
Volume Footprint Voids
This script aims to plot single candle profiles and their own footprints. It uses lower timeframe calculations to plot different styles of single candle POC and can be used for scalping, finding precise entries and exits, and spotting potential trapped traders, etc.
By StratifyTrade
⦿ Our Weekly Thought
Always look first. Never rush into a trade or investment blindly.
We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below.
- TradingView Team ❤️
ADA.X's MACD Histogram crosses above signal lineThe Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 37 of 58 cases over the following month. The odds of a continued upward trend are 64%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 68 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 55%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
BINANCE:ADAUSDT