Opportunity
PayPal (PYPL): Ready for a pullback after hitting wave (iii)Plan the trade and trade the plan.
That’s exactly what we’ve done with PayPal. In our last update a month ago, we stated: “We are going to take more profits once we are getting into the $81 area,” and now, we’ve done just that as NASDAQ:PYPL has reached the minimum target for Wave (iii) at $81. With the position now up 37%, we see more upside potential, but a pullback here could offer a prime second entry spot.
Several factors are aligning in the chart, reinforcing our conviction for a good re-entry. First, we are seeing a bearish RSI divergence, suggesting a more significant drop than the minor one we've already seen. Ideally, we’d like to see the price dip below the last level before the low-volume node at $76. A low-volume node represents an area of little trading activity, which means the price tends to move quickly through these zones in the future.
As for the entry, two key levels stand out to us. The high of the recent accumulation phase before the last leg up and the low of the same range, which aligns with the level of Wave (i). In theory, this level should not be breached. While we don’t strictly adhere to Elliott Wave theory, we prefer not to see the stock close below this level for an extended period. A wick below or consolidation around this zone would be valid for us. Additionally, the 38.2% Fibonacci retracement level sits in the middle of this accumulation phase, making it our targeted entry for Wave 4. Therefore, the level between $72.78 and $70.62 seems ideal for a re-entry.
Given the upcoming election, it would be safer to play this setup with a wider stop-loss or soft stop-loss (manual stop-loss) to account for potential volatility or sudden price wicks.
At the moment, we haven’t set a limit order but have activated alerts. Once the price dips below $76, we will activate our limit order and get ready for the next leg up. 🔥
Potential Bullish Breakout for SAGA/USDT: Cup and Handle PatternCup and Handle Pattern:
The pink curve outlines a "Cup" formation, which is a bullish reversal pattern. This is typically formed when there is a gradual rounded bottom, followed by a breakout to the upside.
The cup's depth is marked by a large percentage gain (272.58%), reflecting the potential move from the bottom of the cup to the breakout point (the green line at approximately $3.30).
Price Levels:
Current Price: Around $3.30.
Resistance Levels:
There’s a projected upward target of $6.5010, which aligns with the height of the cup pattern and indicates where the price might go following a successful breakout.
Support Level: The lower green line at $1.7944 shows a significant support area in case the price reverses downward.
Measured Moves:
The text "2.3628 (272.58%)" and "4.7561 (272.57%)" indicates that this chart predicts a possible price movement of around 272% from the breakout point if the cup-and-handle pattern plays out correctly. These values reflect the price movements from the bottom of the pattern to the top.
Blue Area:
The blue dashed line and area likely represent a possible consolidation zone or retracement (the "Handle" of the Cup and Handle pattern) before the price potentially continues upwards.
In summary, this chart suggests a bullish outlook for the SAGA/USDT pair, with a potential breakout from the cup-and-handle pattern leading to a significant price increase. However, the handle could form before the price reaches the predicted target of $6.50. Keep in mind that while this is a bullish technical setup, it’s important to manage risks and consider market conditions.
Crude Oil (CL1!): Why We’re Still Expecting Lower LowsAt the end of last week, we fine-tuned our Crude Oil outlook, and we are still expecting lower lows to take out the sell-side liquidity below. Our limit order at $63.23 remains valid, even after last week’s pump, which was driven primarily by rising tensions and the ongoing war in the Middle East. Oil gained 13% over five sessions following Iran’s attack, as traders feared Israel’s response might target Iran’s oil infrastructure, potentially cutting into the country’s 1.7 million barrels per day of exports. There are also concerns that a broader war in the oil-rich Persian Gulf could threaten nearly a third of global oil output. However, the geopolitical risk premium may be fading due to Israel’s delayed response.
The geopolitical risk premium has an unclear and unpredictable expiration. When that moment comes and is not supported by real, fundamental factors—such as a substantial supply shortage due to the conflict—the upward movement in oil prices will not be sustainable. The longer this takes, the more the price increase will slow and potentially reverse, which is exactly what we are starting to see in the chart. While Crude Oil respected the 61.8% Fibonacci level almost perfectly, it found stronger resistance at the POC just above that level. Given the bearish RSI divergence, we continue to expect Oil to move lower, provided the conflict in the Middle East does not escalate further.
KO (Coca-Cola): Ready to Bid on the PullbackIn our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on $KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in NYSE:KO , which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.
Oracle (ORCL): Bullish Outlook Ahead of EarningsToday, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate.
The count is pretty straightforward, and we think we’re now in the intra wave (ii) of the larger wave 3. This wave (ii) might touch the trend channel again, though it doesn’t necessarily have to. The channel seems accurate as waves ((i)), ((ii)), and ((iii)) are all tagging it. It would have been ideal if wave ((iv)) had touched it as well, but perfection is rare in markets.
We’re focusing on the area between $133.43 and $129 to hold. We’re not setting any limit orders for ourselves just yet, as we want to see if our new count proves correct before making any moves.
Apple (AAPL): Swing Entry on the HorizonLast time, we narrowly missed the entry on Apple by just a few dollars, and after that miss, the stock no longer presented a compelling opportunity, so we decided to wait. However, after observing from the sidelines for a few months, it seems that another chance to secure a profitable swing entry might be approaching.
To increase our confidence in this potential opportunity and secure a better entry point, we need to closely monitor further movements from this tech giant. The current price action strongly suggests that a flat pattern might be forming following the recent drop. If this flat pattern does materialize, it could manifest as either a regular flat or an expanded flat, and this will be crucial in determining our entry target zone. At this stage, the area between $200 and $180 seems the most probable and attractive for a potential entry.
Given the broader market trends and Apple’s recent performance, this zone could offer a favorable risk-reward ratio. We’ll be watching for any developments that confirm this pattern and provide a clearer signal for entry. Stay tuned for further updates as we refine our strategy and prepare for a possible move on Apple.
#BTC USDT 1H TF analysis + Swing trade Setup x5 # hello TRADERS , hope you’re doing well
this is our analysis of BTC in 1H TF
BTC just reached an OB of a supply after making A market structure shift
we expect price to drop bellow the equilirium area and target the main internal liquidity shown on the chart
we may swing this position to target the main internal liq down bellow
trade may go fast due to the news coming today
######### POSITION SETUP ########
recommended leverage: X3
ENTRY POINT :61298
SL:62762
TP:54470
### Not financial advice disclaimer ###
#You can use leverage at your own responsability and according to your risk management strategy
## remember to stay informed and make decisions based on your own research. always, trade with caution
## Do not forget to put Stop loss for your positions
Don’t forget to boost and support our Ideas to receive more Analysis
#Make sure you follow and activate the notification to catch the move instantly
If you have any questions, or any Coin to analyse you can write them in the comments section below.
#####We are using LEET ALGORITHMIC CONCEPT (LAC)
revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the functioning of the most powerful HIGH frequency trading algorithms
very high accuracy, No psychological factor or stress, the only rule is to follow the steps of straight to the target
Join US!!
********* WAKE-UP NEO =) follow the white rabbit********
CHFJPY ShortThe current weakness in the CHFJPY shows no end.
Opportunity for a trend continuation trade with over 2R potential.
4 hour MACD turns negative on histogram, volume delta negative.
4 hour Value Zone is currently attacked.
Enter Short <= 169.20
OR 4 H Close < 169.50 (Value Zone 4H)
Stop >= 170.35
Target at weekly and monthly levels.
166.50
SWING IDEA - ASHOK LEYLANDThis chart reveals a harmonious convergence of price action and key indicators, suggesting a potential buy opportunity on the horizon. The stock has displayed remarkable strength, with patterns that indicate a possible upward trajectory.
Reasons are stated below :
price tested 168 levels twice on weekly tf and finally has come down to retest after a strong breakout
0.382 Fibonacci level support
50EMA support on daily tf
formed 2 hammer like candles with a long wick indicating a buy-push
ASHOK LEYLAND is a fundamentally strong stock on which we can rely.
this seems to be a golden opportunity to buy this gem.
TARGETS - 207 // 233 // 260 // 300
SL - 154
thank you.
#BTC Scalp setup thee daily position Hello folks
We decided to publish daily signals and scalp setup of Btc for free
#You can use leverage at your own responsability and according to your risk management plan
#Make sure you follow and activate the notification to catch the move instantly
# don't forget to boost our ideas
## happy trading
#BTC daily scalp setup updateHello folks
We decided to publish daily signals and scalp setup of Btc for free
If you didn't catch the trade of Yesterday This could be you entry short for today target to the same level
#You can use leverage at your own responsability and according to your risk management plan
#Make sure you follow and activate the notification to catch the move instantly
# don't forget to boost our ideas
## happy trading
BTC will surge direct 72500$ Hi folks, as usual we are sniping a golden entry on btc
Bitcoin tested the support area and grabbed liquidity from there. The price will pump hard due to the FOMo coming with news, The resistance area is $62,800, and the support area is $63,900
Don’t forget to boost and support our Ideas to receive more Analysis
We are using LEET ALGORITHMIC CONCEPT (LAC)
a revolutionary new trading concept developed by LEET TRADERS COMMUNITY and based on the reasoning logic of the most powerful trading algorithms that control all financial markets .
very high accuracy, No psychological factor or stress, the only rule is to follow the steps of the checklist until you reach the target
#BLUR Breakout this Falling Wedge Pattern! #BLUR Alert: Bullish Rally Ahead! 🚀
We've confirmed a Falling Wedge Upside Breakout/Retest on the daily timeframe chart. 📈
Plus, the RSI is showing a strong bullish divergence. 🔥
Get ready for an explosive 80%+ bullish rally in the coming days! 💥
#Crypto SEED_DONKEYDAN_MARKET_CAP:BLUR
20 and 50 Golden Cross DailyCertainly!
"When the 20-day moving average crosses above the 50-day moving average on a daily stock chart, it forms what is known as a 'golden cross.' This is generally considered a bullish signal by technical analysts and investors, indicating a potential trend reversal towards a bullish market. However, it's important to consider other factors and indicators to confirm the validity of this signal before making trading decisions.
For Ault stock, this golden cross is currently occurring, marking an event that hasn't happened in years."
#KIRLPNU just Broken All Time High With Good Fundamentals
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 20.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 31.6%
Business Highlights
Order Board as on 1st April 2024 of Rs. 1,475 Cr., 28% more than last year.
FY 24 Operating Revenue @ Rs. 1,323 Cr.
24% Y-O-Y growth in PBT
Setting up of forging facility at Nashik as a part of vertical integration.
Launched new products —
Tezcatlipoca - a Centrifugal compressor
Atmos Aria - a off shelf screw compressor
Jarilo-A Bio - gas Compressor
GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
THETA: Towards retesting a huge accumulation rangeBINANCE:THETAUSDT has a somewhat similar configuration to the BINANCE:LPTUSDT we talked about in previous weeks. It is showing a very strong retracement, allowing it to come back to the upper region of a huge accumulation range.
This type of movement is often a real opportunity for late buyers! Especially as this zone on the Theta Network is completed by the two biggest Vegas (Daily and Weekly) of the Trend Identifier (BTI), which overlap entirely, providing very solid support.
A move back towards $1.75 therefore looks like a great buying opportunity, especially if we get a complementary signal from the Reversal Identifier (BRI).
Otherwise, THETA could lateralize on its current level just to recover from its recent heavy fall, before resuming its uptrend.
#OP/USDT#OP
The price is moving in an uptrend on a 1-hour frame and sticking to it well
After rebounding from a significant decline, the downside gap is expected to be filled
We have a higher stability moving average of 100
We have an uptrend on the RSI indicator that the price depends on
Entry price is 2.15
The first goal is 2.35
Second goal 2.53
The third goal is 2.75
DCA - is for those who do not like to be nervousIn the fast-paced and often volatile world of cryptocurrency, finding best investment strategy can be a daunting task. While many traders seek quick gains through active trading, a more prudent and less stressful approach exists: Dollar-Cost Averaging (DCA).
What is DCA?
DCA is an investment strategy that involves investing a fixed amount of money into a particular asset at regular intervals, regardless of the asset's price. This approach aims to reduce the impact of market volatility on investment returns by averaging out the purchase price over time.
Why is DCA the Sleep-Well Strategy?
DCA offers several advantages that make it an ideal strategy for investors seeking long-term growth and peace of mind:
Emotional Discipline: DCA eliminates the emotional decision-making that often plagues traders. By investing consistently, regardless of price fluctuations, you avoid the urge to buy high and sell low.
Reduced Risk: DCA averages out the purchase price, reducing the overall impact of market volatility. You may buy some coins at higher prices, but you'll also benefit from lower prices, evening out your investment cost.
Long-Term Focus: DCA encourages a long-term investment mindset, discouraging impulsive decisions based on short-term price movements. It's about building wealth gradually and consistently over time.
DCA vs. Trading:
DCA stands in stark contrast to active trading, which involves buying and selling assets frequently to capitalize on short-term price movements. While active trading may appeal to experienced traders with high-risk tolerance, it often leads to emotional decision-making and can be time-consuming and stressful.
DCA: A Proven Strategy with Remarkable Returns
To illustrate the effectiveness of DCA, let's examine the returns of some prominent cryptocurrencies over the past few years, assuming a monthly DCA investment of $100:
Bitcoin (BTC): Investing $100 monthly in BTC since January 2019 would have yielded a staggering 112% return, with a total investment of $12,000 growing to $25,440.
Ethereum (ETH): A DCA approach for ETH since January 2019 would have resulted in an impressive 770% return.
Solana (SOL): DCA into SOL since January 2021 would have generated a remarkable 304% return
Fetch.ai (FET): Investing $100 monthly in FET since January 2019 would have yielded an exceptional 776% return
Understanding the Coins: Technology and Applications
Bitcoin (BTC): The world's first and most popular cryptocurrency, Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without intermediaries.
Ethereum (ETH): A decentralized blockchain platform, Ethereum supports a wide range of applications, including smart contracts, decentralized finance (DeFi), and non-fungible tokens (NFTs).
Solana (SOL): A high-performance blockchain known for its scalability and speed, Solana aims to provide a faster and more efficient alternative to Ethereum.
Fetch.ai (FET): An AI-powered decentralized platform, Fetch.ai facilitates the development of autonomous agents for various applications, including open marketplaces and data monetization.
Conclusion:
DCA is a powerful investment strategy that allows individuals to build wealth in cryptocurrency while minimizing risk and emotional stress. By consistently investing fixed amounts, regardless of market fluctuations, DCA investors can reap significant rewards over the long term. Embrace DCA, sleep well, and let your investments grow steadily towards a brighter financial future.