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Newtrend

New bullish movement in progress?The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new intermediate cycle or a swing, call it what you want . The important thing is that price and indicator agree on the rise that has everything, volatility and directionality, the buyers popped up immediately, with every weakness in the price, many BTC are bought and the halving is very close. I remember that the latter is already discounted in the price, what is not discounted is as long as there is an accumulation by large funds via ETFs, at this moment the expectation on Bitcoin remains high. Confirmation that the correction is over and that we are in a new bullish cycle can be given by a maximum relating to the intermediate period after March 9th.
BITSTAMP:BTCUSD
by Melupira89
GBPUSD | Perspective for the new weekI have taken quite a number of short term personal trades off public eyes due to my inability to find a long term perspective to share with you on this pair - GBPUSD. From the current set-up tonight, I think I am seeing something concrete that we can hold on to for an extended period of time. Recent developments reveal that the GBPUSD has advanced to its strongest level in two weeks at $1.363 on Thursday with the initial reaction to the Bank of England's (BOE) rate decision and I am of the opinion that this might be the beginning of a potential rally (maybe short-term). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. It is obvious that since June 2021, the Pound recorded a drop of over 7% in value against the Greenback to find a bottom at $1.32 in December 2021 and have since been finding higher lows to give room for a potential rally (see daily chart) in the nearest future. ii. And after the test of $1.375 in January 2022, price action respected a trendline structure which guided price to a new low at $1.336 on the 27th of January 2021 which is higher than the previous low. iii. Moving on to the 4H chart, a significant level was identified at $1.351 which I shall take to be my key level at this juncture in the market. iv. Even as the trend line drawn over pivot highs reveals the prevailing direction of speed and price action in the last couple of weeks, the breakout at the beginning of this month could be a signal that the trend is about to change. iv. During last week trading session, we witnessed price action breaking out of the bearish trendline and this feat shares a confluence with the breakout of key level @ $1.351. v. In this regard, I suspect that the early hours/days of the new week might see the price dip to test the Neckline of the Double bottom @ $1.33600 to incite rally continuation. vi. So I have identified a new demand level around 50 to 78.6% retracement of the impulse leg (breakout move which should also respect the new bullish trendline that I think will mature at break above $1.36) for buying opportunity but please note that the area above the key level confirms the bullish bias. vii. And if a dip does not happen, a reversal structure above the key level should make more sense to take a long position... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 250 pips. Risk/Reward : 1:4 Potential Duration: 5 to 12days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
AYTU Finally Waking Up?AYTU has been under pressure forever with the 50 DMA being the strongest level of resistance over the last few months. However, if you take the chart waaayyyyy out, you'll see that it's bouncing off of a historic level of support, which was confirmed after this latest move. Yet again the 50DMA denied the rally even with higher volume. The company has an upcoming presentation at the Raymond James Human Health Innovations Conference on June 23rd. "Since its inception, AYTU has evolved into an acquisition-based company that puts a priority on strategic in-licensing. It also has a strong drug development pipeline that focuses on rare genetic diseases called vascular Ehlers-Danlos Syndrome (vEDS). Currently, it’s testing a potential treatment – AR101/enzastaurin, in an attempt to reduce morbidity and lengthen life. While testing can take a substantial amount of time, having a steady flow of research in a pipeline is always encouraging for biotech investors to see." Quote Source: 7 Top Penny Stocks to Watch Right Now With Big News
NASDAQ:AYTU
by PennyStocks101
Doge has created a new trend! Strong support at .30 cents.Doge has held the .30 cent mark since the first push past .30 cents. It is a strong floor that can have serious potential growth upwards from it. It is very bullish that Doge has not plummeted all the way down after the hype died off and even go up to .35 cents again at some points. I am long and very bullish on Doge with $1 dollar being the obvious price target at this moment while in the future possibly even higher. Don't let people tell you Doge is a meme or a joke and has no actual use because they are simply wrong and spreading misinformation. Doge has obvious support and a very strong community behind it, all we need is corporate acceptance. This is not financial advice and I am simply stating my opinion.
by xLucky900
5
NVAX- Dark horse in the vaccine raceNo one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale. That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing NVAX's price up. To be on the safe side, I would market buy 33% of my overall position and limit buy the remaining in the demand zone. Just my opinion. Not the investment advice.
NASDAQ:NVAXLong
by Libratus
Reversal of H1 TrendWe are looking at USDCAD on H1. We have higher bottoms and higher peaks. These are the signs of forming a new trend. When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys. What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries. The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss! You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
Long
by ForexTrendline
DeFi & ETH- THE BIG NEW TREND IN CRYPTO WITH EFFECTS ON ETHEREUMI did not pay attention too much to the Decentralized finance trend in crypto because until few months ago, just classic lending platforms were on the field. Now things changed. It has reached the front page on the crypto world because of the launch of the COMP token (will talk about it in a seprate idea) and the DeFi future on the exchange you see in the graph. This one in the chart is a new index that comprises main defi platforms/tokens (you can see a decrsiption if them). This index is really new (started running just few days ago), but already makes us understand that the trend in defi is huge. DeFi in general is composed by - DEX (decentralized exchanges), - Lending platforms and money market platforms (where it is possible to lend or borrow usd or tokens and gain interests on them) - Derivatives markets (where you can create a synth asset like a token or a commo that replicates the real one) What do they have in common? They ALL RUN ON ETHEREUM. Considering that an underlying can never be bigger that its "box", an increase in defi will coincide with an increase of the platform it runs on. Is the trend sustainable? Probably this is now a little hyped, but the trend is for sure upward. If you do not have many clues on each of the companies (always DYOR by the way) or do not want to jeopardize you money in different projects, this index is the answer for you. It is available just on that exchange. I will monitor a little bit in the folloiwng days DeFi Index and will consider also increasing my positions on ETH. Let me know what do you think of DeFi
FTX:DEFIPERPLong
by edutradinguru
5
Has #TECHM made first Higher Low? If so, big move ahead possibly - Huge Weekly Supporting Trendline - After Selling pressure, the stock entered consolidation zone. - Big volumes came in to this consolidation suggesting that it was accumulation. - Seems to have made the FIRST HIGHER LOW - Observing HIGHs & LOWs on lower Time Frame to time the Entry. - Any dip appears to be a BUY - Buying here could mean buying at the beginning of new Uptrend. - After Entry, you could consider trailing Stop Loss With EMAs (I use an EMA rainbow) on a smaller swing time frame (I trade 30 min). All the best!!
NSE:TECHMLong
by Satonomics
USDJPY - Next Swing High is going to start!Hi Traders! The market just broke the market structure. Now it is in a (not confirmed) uptrend. Before, the market was in a descending parallel channel. Then it broke out, tested the Parallel Channel again and made a higher high. After that the market got under the previous High (orange dotted line), but it failed to make a new lower low. As you can see the market is now at the Trendline and a strong Support Area (purple triangle marked). This is a great time to buy, because the Resistance is two times away from the risk! We recommend to buy after a strong bullish Pattern. Thanks and good luck :)!
Long
by swissmoneymakers